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LINAX SHIPPING

Active
Private limited companyfounded 2008active for 18 yearsHerkenrodesingel 23, 3500 Hasselt, BelgiumKBO/BCE: BE 0899.007.975
Summary

The computed 12-month bankruptcy probability of LINAX SHIPPING is 2.3% (moderate). The 2025 annual accounts show equity of €365,971 and a net result of -€190,853. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 55% of 105 sector peers (NACE 50, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
LINAX SHIPPINGActiveChecked score 51/100
Risk analysis ReportCompare

Overview

Activity
Inland freight water transport
NACE 50400
2 sites
Size
€834,652total assets 2025
Staff
5.3 FTE
Equity
€365,971
Loss
-€190,853
Turnover not published (abbreviated or micro format)
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.3%
Structure
  • DE CLERCQ KimberleyDirector
  • VANHOYWEGHEN JulienDirector
2025 accounts 1 day early2 of 6 deeds summarised
Why 51raises riskLoss of €190,853, the second in a row (financial year 2025)1 change of registered office in 24 monthsLiquidity: current ratio 2.03, cash €854, halvedlowers riskSector: Water transport (NACE 50)Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 25% of its sector peers (NACE 50, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 69+12
equity 43.8% of total assets
Liquidity 41+11
short-term debt 24.9% · cash 0.1%
Profitability 0-2
return on assets -22.9%
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (260 companies, NACE 50, micro)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.2%▲ +0.1 percentage points vs 11-2024 01-2025: 0.3%▲ +0.1 percentage points vs 12-2024 02-2025: 0.6%▲ +0.3 percentage points vs 01-2025 03-2025: 1.3%▲ +0.7 percentage points vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.3%● unchanged vs 07-2025 09-2025: 1.3%● unchanged vs 08-2025 10-2025: 1.4%▲ +0.1 percentage points vs 09-2025 11-2025: 1.3%▼ -0.1 percentage points vs 10-2025 12-2025: 1.5%▲ +0.2 percentage points vs 11-2025 01-2026: 1.7%▲ +0.2 percentage points vs 12-2025 02-2026: 2.3%▲ +0.6 percentage points vs 01-2026 03-2026: 2.4%▲ +0.1 percentage points vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.4%● unchanged vs 05-2026 07-2026: 2.4%● unchanged vs 06-2026 08-2026: 2.4%● unchanged vs 07-2026highest value 09-2026: 2.4%● unchanged vs 08-2026highest value 10-2026: 2.3%▼ -0.1 percentage points vs 09-2026
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.03, compared with 1.41 in 2024, above the usual 1.5; short-term debt: 24.9% and cash: 0.1% of total assets), but 56.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 50, micro): better than 53% on solvency, 28% on liquidity, 7% on profitability and 11% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €190,853, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 2.03, cash €854, halved
NBB · annual accounts
lowers risk · Sector: Water transport (NACE 50)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€190,853
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
4 days late
2023
on the day
2022
on the day
2021
on the day
2020
15 days late
2019
11 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day after the deadline; the sector median (NACE 50) for financial year 2024 is 3 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end24-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Registered officeRegistered-office move
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: Among the weakest 6% on net resultsector median €40,223 · 105 companies -€190,853 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€190,853 View
  • Caution: Equity fell in 2025from €556,824 to €365,971 ▼ 34.3% View

By topic

Financials

Financial year
2025
Total assets
€834,652
Loss
-€190,853
Solvency
43.8%
Total assets▼ 51.5%
Net result
20192025
Go to Financials

Timeline

Events
22
Since
2010
Next accounts
by 31-01-2027
  1. 30-06-2024Weakest financial year
  2. 31-01-2024Annual accounts filed
  3. 15-01-2024Resignations: VANHOYWEGHEN Julien (manager) and DE CLERCQ…
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Inland freight water transportNACE 50400
Founded
25-06-2008
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Key facts about LINAX SHIPPING

What is the company number of LINAX SHIPPING?
0899.007.975. In Belgium the VAT number is the company number with BE in front: BE 0899.007.975.
Where is LINAX SHIPPING based?
The registered office is at Herkenrodesingel 23, 3500 Hasselt.Company details
What does LINAX SHIPPING do?
According to the KBO register, the main activity is inland freight water transport (NACE 50400).
What is the legal form of LINAX SHIPPING?
Private limited company (BV).
When was LINAX SHIPPING founded?
On 25-06-2008.
Is LINAX SHIPPING still active?
Yes, LINAX SHIPPING is an active enterprise in the KBO register.
How many employees does LINAX SHIPPING have?
On average 5.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LINAX SHIPPING?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is LINAX SHIPPING profitable?
In financial year 2025, LINAX SHIPPING made a loss of €190,853.
Where can I find the annual accounts of LINAX SHIPPING?
LINAX SHIPPING filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LINAX SHIPPING due?
By 31-01-2027, for financial year 2026.Timeline

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