LINC
ActiveSummary
LINC has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,564 and a net result of -€47,267. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 277 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-7
Solvency95▼-3
Growth22=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.37 against 5.11 in 2024; short-term debt: 20.3% and cash: 65.1% of total assets), and 29.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer 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
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€47,267
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
121 d early
2023
75 d late
2022
116 d early
2021
124 d early
2020
120 d early
2019
134 d 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 95 days before the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€17,778▼ 37.8%
2020 · €28,603
EBIT margin
271.1%▲ 459.8pp
2020 · -188.7%
Net result
-€47,267▼ 89.5%
2024 · -€24,937
Working capital
€142,219▼ 27.3%
2024 · €195,629
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 94, Activities of membership organisations, 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
Line20212022202320242025
Turnover€17,778▼ 37.8%
Operating result€48,187€19,181▼ 60.2%€12,584▼ 34.4%-€24,719-€47,638▼ 92.7%
Net result€48,067within the sector's middle half€19,036within the sector's middle half▼ 60.4%€12,398within the sector's middle half▼ 34.9%-€24,937within the sector's middle half-€47,267within the sector's middle half▼ 89.5%
EBIT margin271.1%▲ 459.8pp
Equity€186,334below the sector's middle half▲ 34.8%€205,369below the sector's middle half▲ 10.2%€217,768below the sector's middle half▲ 6.0%€192,831below the sector's middle half▼ 11.5%€145,564below the sector's middle half▼ 24.5%
Total assets€347,630below the sector's middle half▲ 78.4%€322,040below the sector's middle half▼ 7.4%€304,419below the sector's middle half▼ 5.5%€264,284below the sector's middle half▼ 13.2%€207,547below the sector's middle half▼ 21.5%
Debt€131,416▲ 132%€82,586▼ 37.2%€45,228▼ 45.2%€65,854▲ 45.6%€59,966▼ 8.9%
Working capital€297,764below the sector's middle half▲ 92.3%€244,623below the sector's middle half▼ 17.8%€260,399below the sector's middle half▲ 6.4%€195,629below the sector's middle half▼ 24.9%€142,219below the sector's middle half▼ 27.3%
Solvency53.6%within the sector's middle half▼ 17.4pp63.8%within the sector's middle half▲ 10.2pp71.5%within the sector's middle half▲ 7.8pp73.0%within the sector's middle half▲ 1.4pp70.1%within the sector's middle half▼ 2.8pp
Current ratio7.48within the sector's middle half▲ 2.434.41within the sector's middle half▼ 3.077.35within the sector's middle half▲ 2.945.11within the sector's middle half▼ 2.244.37within the sector's middle half▼ 0.74
Return on assets (ROA)13.8%above the sector's middle half▲ 41.6pp5.9%above the sector's middle half▼ 7.9pp4.1%within the sector's middle half▼ 1.8pp-9.4%below the sector's middle half▼ 13.5pp-22.8%below the sector's middle half▼ 13.3pp
Staff (FTE)3.9below the sector's middle half▼ 17.0%4.4within the sector's middle half▲ 12.8%4.6within the sector's middle half▲ 4.5%4.8within the sector's middle half▲ 4.3%4.9within the sector's middle half▲ 2.1%
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €47,638 in 2025 against €24,719 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207,547
Fixed assets
€23,177 ▲ 10.1%
Current assets
€184,371 ▼ 24.2%
Equity and liabilities €207,547
Equity
€145,564 ▼ 24.5%
Provisions
€2,018 ▼ 64.0%
Debt
€59,966 ▼ 8.9%
Debt's share of the balance-sheet total rises from 24.9% to 28.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€37,122▼
2024 · -€18,747
Cash flow
-€36,751▼
2024 · -€18,964
Debt to equity
0.41▲
2024 · 0.34
ROE
-32.5%▼
2024 · -12.9%
Interest coverage
-176.19▼
2024 · -23.82
Debt ≤ 1 year
€42,152▼
2024 · €47,606
Staff costs
€317,513▼
2024 · €321,055
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €17,778 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €304,804 | €301,732 | €321,055 | €317,513 | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,703 | €2,330 | €2,641 | €5,973 | €10,516 | ▲ 76.1% |
| Other operating charges640/8 | - | - | - | - | €1,732 | - |
| Gross operating margin9900 | €336,300 | €330,520 | €324,294 | €266,484 | €278,542 | ▲ 4.5% |
| Operating profit (loss)9901 | €48,187 | €19,181 | €12,584 | -€24,719 | -€47,638 | ▼ 92.7% |
| Financial income75/76B | - | €0 | €1 | €570 | €581 | ▲ 2.0% |
| Recurring financial income75 | €0 | €0 | €1 | €570 | €581 | ▲ 2.0% |
| Financial charges65/66B | - | €145 | €186 | €787 | €211 | ▼ 73.2% |
| Recurring financial charges65 | €120 | €145 | €186 | €787 | €211 | ▼ 73.2% |
| Profit (loss) for the period before taxes9903 | €48,067 | €19,036 | €12,398 | -€24,937 | -€47,267 | ▼ 89.5% |
| Profit (loss) for the period9904 | €48,067 | €19,036 | €12,398 | -€24,937 | -€47,267 | ▼ 89.5% |
| Profit (loss) for the period to be appropriated9905 | €48,067 | €19,036 | €12,398 | -€24,937 | -€47,267 | ▼ 89.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €347,630 | €322,040 | €304,419 | €264,284 | €207,547 | ▼ 21.5% |
| Fixed assets21/28 | €3,917 | €5,622 | €2,981 | €21,049 | €23,177 | ▲ 10.1% |
| Intangible fixed assets21 | - | - | - | €19,562 | €22,826 | ▲ 16.7% |
| Tangible fixed assets22/27 | €3,917 | €5,622 | €2,981 | €1,487 | €351 | ▼ 76.4% |
| Plant, machinery and equipment23 | - | €5,622 | €2,981 | €1,487 | - | - |
| Furniture and vehicles24 | - | - | - | - | €351 | - |
| Current assets29/58 | €343,713 | €316,419 | €301,437 | €243,235 | €184,371 | ▼ 24.2% |
| Amounts receivable within one year40/41 | €5,680 | €31,884 | €13,367 | €13,751 | €4,936 | ▼ 64.1% |
| Trade receivables40 | - | €31,048 | €13,367 | €13,751 | €4,936 | ▼ 64.1% |
| Other amounts receivable41 | - | €835 | - | - | - | - |
| Current investments50/53 | €600 | €600 | €600 | - | - | - |
| Cash at bank and in hand54/58 | €283,064 | €224,088 | €251,343 | €193,187 | €135,056 | ▼ 30.1% |
| Deferred charges and accrued income490/1 | - | €59,847 | €36,127 | €36,298 | €44,379 | ▲ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €347,630 | €322,040 | €304,419 | €264,284 | €207,547 | ▼ 21.5% |
| Equity10/15 | €186,334 | €205,369 | €217,768 | €192,831 | €145,564 | ▼ 24.5% |
| Reserves13 | - | €119,134 | €174,203 | €174,203 | €174,203 | = |
| Profit (loss) carried forward14 | €186,334 | €86,235 | €43,564 | €18,628 | -€28,639 | ▼ 254% |
| Provisions and deferred taxes16 | €29,880 | €34,085 | €41,423 | €5,599 | €2,018 | ▼ 64.0% |
| Provisions for liabilities and charges160/5 | - | €34,085 | €41,423 | €5,599 | €2,018 | ▼ 64.0% |
| Other liabilities and charges164/5 | - | €34,085 | €41,423 | €5,599 | €2,018 | ▼ 64.0% |
| Amounts payable17/49 | €131,416 | €82,586 | €45,228 | €65,854 | €59,966 | ▼ 8.9% |
| Amounts payable within one year42/48 | €45,949 | €71,795 | €41,039 | €47,606 | €42,152 | ▼ 11.5% |
| Trade debts44 | €8,256 | €17,653 | €10,947 | €7,657 | €2,516 | ▼ 67.1% |
| Suppliers440/4 | - | €17,653 | €10,947 | €7,657 | €2,516 | ▼ 67.1% |
| Taxes, remuneration and social security45 | - | €54,142 | €30,092 | €39,949 | €39,636 | ▼ 0.8% |
| Taxes450/3 | - | €7,323 | €3,606 | - | €4,961 | - |
| Remuneration and social security454/9 | - | €46,819 | €26,486 | €39,949 | €34,675 | ▼ 13.2% |
| Accrued charges and deferred income492/3 | - | €10,791 | €4,190 | €18,248 | €17,814 | ▼ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,067 | €19,036 | €12,398 | -€24,937 | -€47,267 | ▼ 89.5% |
| + Depreciation and write-downs630 | €1,703 | €2,330 | €2,641 | €5,973 | €10,516 | ▲ 76.1% |
| Operating cash flow (approximation) | €49,770 | €21,366 | €15,039 | -€18,964 | -€36,751 | ▼ 93.8% |
| Investment in fixed assets (approximation) | - | -€4,035 | €0 | -€24,041 | -€12,643 | ▲ 47.4% |
| Change in cash | - | -€58,976 | €27,255 | -€58,156 | -€58,131 | = |
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
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 75 days late
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €205,369 ▲10.2%
2 profitable years in a row build equity to €205,369.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €48,067
Net result €48,067 after 3 loss-making years.
31-12
Financial
Equity above €150,000Eq €186,334 ▲34.8%
Equity rises from €138,266 to €186,334.
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€101,846
Net result drops to -€101,846, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2006
Ground area
559 m²
Building footprint
37 m²
Volume, LiDAR
306 m³
Parcel 24062A0266/00P005, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Centrum voor Lezen en Informatie
since 20062.155.771.055
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0266/00P005 | Flanders | 559 m² | 1 · 37 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 1,277,226 EUR awarded · 1,247,596 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 329,035 EUR | 328,432 EUR |
| 2024 | 3 | 323,227 EUR | 322,317 EUR |
| 2023 | 3 | 319,676 EUR | 335,372 EUR |
| 2022 | 3 | 305,288 EUR | 261,475 EUR |
Schemes
Similar companies · same sector, comparable size
MEDIANTE, FORUM POUR UNE JUSTICE RESTAURATIVE ET POUR LA MEDIATION
BE 0473.168.473
Namur · Eq €142,050
VLAAMS HUURDERSPLATFORM
BE 0451.161.351
Antwerpen · Eq €149,761
EGREGOROS
BE 0478.993.423
Evere · Eq €140,433
INAS BELGIO
BE 0408.979.813
Charleroi · Eq €151,783
Financité
BE 0434.307.602
Liège · Eq €137,916
Of 443 companies in sector 94992 we hold annual accounts for 139. 93 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded05-03-1981
Fiscal year end31-12
Activities, NACEBEL 2025
94992Activities of membership organisations
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421914069
Registered
27-03-2026
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.