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 €146k and a net result of €-47k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 273 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 €10k 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
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 €-47k
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 →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€18k▼ 37.8%
2020 · €29k
2018: €39k
2019: €48k▲ +24.0% vs 2018highest in 4 years
2020: €29k▼ -40.8% vs 2019
2021: €18k▼ -37.8% vs 2020lowest in 4 years
2018 → 2021
EBIT margin
271.1%▲ 459.8pp
2020 · -188.7%
2018: -53.7%
2019: -210.3%▼ -291% vs 2018lowest in 4 years
2020: -188.7%▲ +10.2% vs 2019
2021: 271.1%▲ +244% vs 2020highest in 4 years
2018 → 2021
Net result
€-47k▼ 89.5%
2024 · €-25k
2018: €-20k
2019: €-102k▼ -398% vs 2018lowest in 8 years
2020: €-54k▲ +46.9% vs 2019
2021: €48k▲ +189% vs 2020highest in 8 years
2022: €19k▼ -60.4% vs 2021
2023: €12k▼ -34.9% vs 2022
2024: €-25k▼ -301% vs 2023
2025: €-47k▼ -89.5% vs 2024
2018 → 2025
Working capital
€142k▼ 27.3%
2024 · €196k
2018: €292k
2019: €226k▼ -22.5% vs 2018
2020: €155k▼ -31.6% vs 2019
2021: €298k▲ +92.3% vs 2020highest in 8 years
2022: €245k▼ -17.8% vs 2021
2023: €260k▲ +6.4% vs 2022
2024: €196k▼ -24.9% vs 2023
2025: €142k▼ -27.3% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€18k-
Equity€186k-€205k▲ 10.2%€218k▲ 6.0%€193k▼ 11.5%€146k▼ 24.5%
2021: €186k
2022: €205k▲ +10.2% vs 2021
2023: €218k▲ +6.0% vs 2022highest in 5 years
2024: €193k▼ -11.5% vs 2023
2025: €146k▼ -24.5% vs 2024lowest in 5 years
Operating result€48k-€19k▼ 60.2%€13k▼ 34.4%€-25k€-48k▼ 92.7%
2021: €48khighest in 5 years
2022: €19k▼ -60.2% vs 2021
2023: €13k▼ -34.4% vs 2022
2024: €-25k▼ -296% vs 2023
2025: €-48k▼ -92.7% vs 2024lowest in 5 years
Net result€48k-€19k▼ 60.4%€12k▼ 34.9%€-25k€-47k▼ 89.5%
2021: €48khighest in 5 years
2022: €19k▼ -60.4% vs 2021
2023: €12k▼ -34.9% vs 2022
2024: €-25k▼ -301% vs 2023
2025: €-47k▼ -89.5% vs 2024lowest in 5 years
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 €48k in 2025 against €25k 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 €208k
Fixed assets
€23k ▲ 10.1%
Current assets
€184k ▼ 24.2%
Equity and liabilities €208k
Equity
€146k ▼ 24.5%
Provisions
€2k ▼ 64.0%
Debt
€60k ▼ 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
€-37k▼
2024 · €-19k
Cash flow
€-37k▼
2024 · €-19k
Current ratio
4.37▼
2024 · 5.11
Debt to equity
0.41▲
2024 · 0.34
ROE
-32.5%▼
2024 · -12.9%
ROA
-22.8%▼
2024 · -9.4%
Interest coverage
-176.19▼
2024 · -23.82
Debt ≤ 1 year
€42k▼
2024 · €48k
Staff costs
€318k▼
2024 · €321k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€264k€208k▼
Fixed assets21/28€21k€23k▲
Intangible fixed assets21€20k€23k▲
Tangible fixed assets22/27€1k€351▼
Plant, machinery and equipment23€1k-
Furniture and vehicles24-€351
Current assets29/58€243k€184k▼
Amounts receivable within one year40/41€14k€5k▼
Trade receivables40€14k€5k▼
Cash at bank and in hand54/58€193k€135k▼
Deferred charges and accrued income490/1€36k€44k▲
Equity and liabilities
Total equity and liabilities10/49€264k€208k▼
Equity10/15€193k€146k▼
Reserves13€174k€174k=
Profit (loss) carried forward14€19k€-29k▼
Provisions and deferred taxes16€6k€2k▼
Provisions for liabilities and charges160/5€6k€2k▼
Other liabilities and charges164/5€6k€2k▼
Amounts payable17/49€66k€60k▼
Amounts payable within one year42/48€48k€42k▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€40k€40k▼
Taxes450/3-€5k
Remuneration and social security454/9€40k€35k▼
Accrued charges and deferred income492/3€18k€18k▼
Income statement
Code20242025
Remuneration, social security and pensions62€321k€318k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€11k▲
Other operating charges640/8-€2k
Gross operating margin9900€266k€279k▲
Operating profit (loss)9901€-25k€-48k▼
Financial income75/76B€570€581▲
Recurring financial income75€570€581▲
Financial charges65/66B€787€211▼
Recurring financial charges65€787€211▼
Profit (loss) for the period before taxes9903€-25k€-47k▼
Profit (loss) for the period9904€-25k€-47k▼
Profit (loss) for the period to be appropriated9905€-25k€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€-29k▼
Profit (loss) brought forward from the previous period14P€44k€19k▼
Social balance
Average headcount (FTE)90874.84.9▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €18k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €305k | €302k | €321k | €318k | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €6k | €11k | ▲ 76.1% |
| Other operating charges640/8 | - | - | - | - | €2k | - |
| Gross operating margin9900 | €336k | €331k | €324k | €266k | €279k | ▲ 4.5% |
| Operating profit (loss)9901 | €48k | €19k | €13k | €-25k | €-48k | ▼ 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 | €48k | €19k | €12k | €-25k | €-47k | ▼ 89.5% |
| Profit (loss) for the period9904 | €48k | €19k | €12k | €-25k | €-47k | ▼ 89.5% |
| Profit (loss) for the period to be appropriated9905 | €48k | €19k | €12k | €-25k | €-47k | ▼ 89.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348k | €322k | €304k | €264k | €208k | ▼ 21.5% |
| Fixed assets21/28 | €4k | €6k | €3k | €21k | €23k | ▲ 10.1% |
| Intangible fixed assets21 | - | - | - | €20k | €23k | ▲ 16.7% |
| Tangible fixed assets22/27 | €4k | €6k | €3k | €1k | €351 | ▼ 76.4% |
| Plant, machinery and equipment23 | - | €6k | €3k | €1k | - | - |
| Furniture and vehicles24 | - | - | - | - | €351 | - |
| Current assets29/58 | €344k | €316k | €301k | €243k | €184k | ▼ 24.2% |
| Amounts receivable within one year40/41 | €6k | €32k | €13k | €14k | €5k | ▼ 64.1% |
| Trade receivables40 | - | €31k | €13k | €14k | €5k | ▼ 64.1% |
| Other amounts receivable41 | - | €835 | - | - | - | - |
| Current investments50/53 | €600 | €600 | €600 | - | - | - |
| Cash at bank and in hand54/58 | €283k | €224k | €251k | €193k | €135k | ▼ 30.1% |
| Deferred charges and accrued income490/1 | - | €60k | €36k | €36k | €44k | ▲ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348k | €322k | €304k | €264k | €208k | ▼ 21.5% |
| Equity10/15 | €186k | €205k | €218k | €193k | €146k | ▼ 24.5% |
| Reserves13 | - | €119k | €174k | €174k | €174k | = |
| Profit (loss) carried forward14 | €186k | €86k | €44k | €19k | €-29k | ▼ 254% |
| Provisions and deferred taxes16 | €30k | €34k | €41k | €6k | €2k | ▼ 64.0% |
| Provisions for liabilities and charges160/5 | - | €34k | €41k | €6k | €2k | ▼ 64.0% |
| Other liabilities and charges164/5 | - | €34k | €41k | €6k | €2k | ▼ 64.0% |
| Amounts payable17/49 | €131k | €83k | €45k | €66k | €60k | ▼ 8.9% |
| Amounts payable within one year42/48 | €46k | €72k | €41k | €48k | €42k | ▼ 11.5% |
| Trade debts44 | €8k | €18k | €11k | €8k | €3k | ▼ 67.1% |
| Suppliers440/4 | - | €18k | €11k | €8k | €3k | ▼ 67.1% |
| Taxes, remuneration and social security45 | - | €54k | €30k | €40k | €40k | ▼ 0.8% |
| Taxes450/3 | - | €7k | €4k | - | €5k | - |
| Remuneration and social security454/9 | - | €47k | €26k | €40k | €35k | ▼ 13.2% |
| Accrued charges and deferred income492/3 | - | €11k | €4k | €18k | €18k | ▼ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €19k | €12k | €-25k | €-47k | ▼ 89.5% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €6k | €11k | ▲ 76.1% |
| Operating cash flow (approximation) | €50k | €21k | €15k | €-19k | €-37k | ▼ 93.8% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-24k | €-13k | ▲ 47.4% |
| Change in cash | - | €-59k | €27k | €-58k | €-58k | = |
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 €200kEq €205k ▲10.2%
2 profitable years in a row build equity to €205k.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €48k
Net result €48k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €186k ▲34.8%
Equity rises from €138k to €186k.
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 €-102k
Net result drops to €-102k, 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.
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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
Sociaal-cultureel volwassenenwerk: Werkingssubsidie voor een sociaal-culturele volwassenenorganisatie met een werking in Vlaanderen en Brussel (Decreet Sociaal-cultureel Volwassenenwerk 2017)
Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 443 companies in sector 94992 we hold annual accounts for 138. 92 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
Scores and ratios are computed by Checked and are not a credit decision.