Linatex
ActiveSummary
The computed 12-month bankruptcy probability of Linatex is 4.7% (elevated). The 2023 annual accounts show equity of €37,055 and a net result of €2,018. Equity is growing by ~11.4% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Axes, FY 2023 · tick = 2022
Profitability41▼-18
Solvency32▼-2
Growth78=
Track record84
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
7.4%
Return on assets
0.4%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
42 d early
2022
25 d early
2021
26 d early
2020
5 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2023, full schema, 2024 accounts filed, figures not processed yet
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,018▼ 89.1%
2022 · €18,515
Working capital
€129,293▲ 1.1%
2022 · €127,902
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€4,506▼ 43.0%-€20,354€26,644€30,849▲ 15.8%€15,921▼ 48.4%
Net result€568▼ 55.4%-€27,997below the sector's middle half€19,968within the sector's middle half€18,515within the sector's middle half▼ 7.3%€2,018below the sector's middle half▼ 89.1%
Equity€24,551▲ 2.4%-€3,446below the sector's middle half€16,522below the sector's middle half€35,037below the sector's middle half▲ 112%€37,055below the sector's middle half▲ 5.8%
Total assets€553,864▲ 9.2%€445,120below the sector's middle half▼ 19.6%€245,947below the sector's middle half▼ 44.7%€380,483below the sector's middle half▲ 54.7%€499,966below the sector's middle half▲ 31.4%
Debt€529,313▲ 9.6%€448,567▼ 15.3%€229,425▼ 48.9%€345,446▲ 50.6%€462,911▲ 34.0%
Working capital€8,441-€18,721below the sector's middle half€9,147below the sector's middle half€127,902within the sector's middle half▲ 1,298%€129,293within the sector's middle half▲ 1.1%
Solvency4.4%▼ 0.3pp-0.8%below the sector's middle half▼ 5.2pp6.7%below the sector's middle half▲ 7.5pp9.2%below the sector's middle half▲ 2.5pp7.4%below the sector's middle half▼ 1.8pp
Current ratio1.02▲ 0.020.96below the sector's middle half▼ 0.061.04below the sector's middle half▲ 0.081.53within the sector's middle half▲ 0.491.35within the sector's middle half▼ 0.17
Return on assets (ROA)0.1%▼ 0.1pp-6.3%below the sector's middle half▼ 6.4pp8.1%within the sector's middle half▲ 14.4pp4.9%within the sector's middle half▼ 3.3pp0.4%within the sector's middle half▼ 4.5pp
Staff (FTE)18.7▼ 7.4%17.9above the sector's middle half▼ 4.3%12.3above the sector's middle half▼ 31.3%10above the sector's middle half▼ 18.7%7within the sector's middle half▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 48% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €499,966
Fixed assets
€4,397 ▼ 55.6%
Current assets
€495,569 ▲ 33.7%
Equity and liabilities €499,966
Equity
€37,055 ▲ 5.8%
Debt
€462,911 ▲ 34.0%
Debt's share of the balance-sheet total rises from 90.8% to 92.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,208▼
2022 · €36,351
Cash flow
€5,305▼
2022 · €24,017
Quick ratio
1.12▲
2022 · 1.03
Debt to equity
12.49▲
2022 · 9.86
ROE
5.4%▼
2022 · 52.8%
Interest coverage
2.67▼
2022 · 4.05
Debt ≤ 1 year
€366,276▲
2022 · €242,677
Debt > 1 year
€89,581▼
2022 · €100,000
Income taxes
€6,702▲
2022 · €3,436
Staff costs
€94,190▼
2022 · €141,022
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,330 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €175,952 | €141,022 | €94,190 | ▼ 33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,954 | €14,444 | €5,238 | €5,502 | €3,287 | ▼ 40.3% |
| Other operating charges640/8 | - | - | €2,961 | €5,180 | €4,186 | ▼ 19.2% |
| Non-recurring operating charges66A | - | - | - | - | €4,195 | - |
| Gross operating margin9900 | €342,207 | €326,563 | €210,795 | €182,553 | €121,779 | ▼ 33.3% |
| Operating profit (loss)9901 | €4,506 | -€20,354 | €26,644 | €30,849 | €15,921 | ▼ 48.4% |
| Financial income75/76B | - | - | €1 | €76 | - | - |
| Recurring financial income75 | €216 | - | €1 | €76 | - | - |
| Financial charges65/66B | - | - | €6,402 | €8,974 | €7,201 | ▼ 19.8% |
| Recurring financial charges65 | €3,745 | €4,759 | €4,402 | €8,974 | €7,201 | ▼ 19.8% |
| Non-recurring financial charges66B | - | - | €2,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €977 | -€25,112 | €20,243 | €21,951 | €8,720 | ▼ 60.3% |
| Income taxes67/77 | €409 | €2,885 | €275 | €3,436 | €6,702 | ▲ 95.1% |
| Profit (loss) for the period9904 | €568 | -€27,997 | €19,968 | €18,515 | €2,018 | ▼ 89.1% |
| Profit (loss) for the period to be appropriated9905 | €568 | -€27,997 | €19,968 | €18,515 | €2,018 | ▼ 89.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €553,864 | €445,120 | €245,947 | €380,483 | €499,966 | ▲ 31.4% |
| Fixed assets21/28 | €25,175 | €18,623 | €11,375 | €9,904 | €4,397 | ▼ 55.6% |
| Tangible fixed assets22/27 | €25,175 | €18,623 | €11,375 | €9,904 | €4,397 | ▼ 55.6% |
| Plant, machinery and equipment23 | - | - | €7,583 | €3,955 | €1,978 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | €3,792 | €5,949 | €2,419 | ▼ 59.3% |
| Current assets29/58 | €528,689 | €426,498 | €234,572 | €370,579 | €495,569 | ▲ 33.7% |
| Stocks and contracts in progress3 | €92,048 | €79,137 | €39,934 | €121,614 | €86,160 | ▼ 29.2% |
| Stocks30/36 | - | - | €39,934 | €121,614 | €86,160 | ▼ 29.2% |
| Amounts receivable within one year40/41 | €283,161 | €330,570 | €60,430 | €237,030 | €391,254 | ▲ 65.1% |
| Trade receivables40 | - | - | €5,055 | €158,644 | €348,145 | ▲ 119% |
| Other amounts receivable41 | - | - | €55,375 | €78,386 | €43,109 | ▼ 45.0% |
| Cash at bank and in hand54/58 | €136,489 | €4,245 | €4,839 | €2,031 | €14,470 | ▲ 612% |
| Deferred charges and accrued income490/1 | - | - | €129,370 | €9,904 | €3,685 | ▼ 62.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €553,864 | €445,120 | €245,947 | €380,483 | €499,966 | ▲ 31.4% |
| Equity10/15 | €24,551 | -€3,446 | €16,522 | €35,037 | €37,055 | ▲ 5.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,459 | €1,459 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €4,492 | -€23,505 | -€3,938 | €14,577 | €16,595 | ▲ 13.8% |
| Amounts payable17/49 | €529,313 | €448,567 | €229,425 | €345,446 | €462,911 | ▲ 34.0% |
| Amounts payable after more than one year17 | - | - | - | €100,000 | €89,581 | ▼ 10.4% |
| Financial debts170/4 | - | - | - | €100,000 | €89,581 | ▼ 10.4% |
| Amounts payable within one year42/48 | €520,248 | €445,219 | €225,425 | €242,677 | €366,276 | ▲ 50.9% |
| Current portion of amounts payable after more than one year42 | - | - | €60,000 | €60,000 | €60,000 | = |
| Trade debts44 | €463,248 | €368,625 | €147,109 | €168,669 | €288,858 | ▲ 71.3% |
| Suppliers440/4 | - | - | €147,109 | €168,669 | €288,858 | ▲ 71.3% |
| Taxes, remuneration and social security45 | - | - | €18,317 | €14,008 | €17,418 | ▲ 24.3% |
| Taxes450/3 | - | - | €105 | - | €1 | - |
| Remuneration and social security454/9 | - | - | €18,212 | €14,008 | €17,417 | ▲ 24.3% |
| Accrued charges and deferred income492/3 | - | - | €4,000 | €2,769 | €7,054 | ▲ 155% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €568 | -€27,997 | €19,968 | €18,515 | €2,018 | ▼ 89.1% |
| + Depreciation and write-downs630 | €18,954 | €14,444 | €5,238 | €5,502 | €3,287 | ▼ 40.3% |
| Operating cash flow (approximation) | €19,522 | -€13,553 | €25,206 | €24,017 | €5,305 | ▼ 77.9% |
| Investment in fixed assets (approximation) | - | -€7,892 | €2,010 | -€4,031 | €2,220 | ▲ 155% |
| Change in cash | - | -€132,244 | €594 | -€2,808 | €12,439 | ▲ 543% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
29-05
KBO administration
Address strikeout annulled
27-05
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 04-03-2026
- Registered-office move, Avenue des Communautés 38,1140 Evere
05-05
KBO administration
Address struck
event 04-03-2026
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €19,968
Net result €19,968 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€27,997
Net result drops to -€27,997, the lowest in the series; recovery starts the following year.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Evere · 1 establishment unit since 2013
Ground area
1.4 ha
Building footprint
2,893 m²
Volume, LiDAR
36,939 m³
2 parcels, Brussels, Flanders · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LINATEX
since 20132.217.867.881
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0179/09E000 | Flanders | 7,219 m² | 1 · 1,412 m² | 16.4 m · 4 fl. |
| 21372C0137/00A000 | Brussels | 6,474 m² | 1 · 1,481 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Other statement
Recto, nom et qualité du notaire instrumentant ou de la personne
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded30-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46419Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0848334680
Also
9925:BE0848334680
Registered
17-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.