Summary
LINCOR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €40k and a net result of €39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 9863 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €40k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-04-2025, 118 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
118 d early
2023
42 d early
2022
12 d early
2021
3 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€40k▲ 5,816%
2023 · €676
Net result
€39k
2023 · €-9k
Total assets
€48k▲ 726%
2023 · €6k
Solvency
83.1%▲ 71.5pp
2023 · 11.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-7k€-15k▼ 126%€-24k▼ 57.7%€-9k▲ 62.8%€40k
Net result€-7k€-15k▼ 118%€-24k▼ 59.6%€-9k▲ 62.5%€39k
Equity€49k▼ 12.4%€34k▼ 30.9%€10k▼ 71.3%€676▼ 93.1%€40k▲ 5,816%
Total assets€53k▼ 12.8%€35k▼ 35.3%€10k▼ 70.8%€6k▼ 42.2%€48k▲ 726%
Debt€4k▼ 17.0%€488▼ 88.2%€318▼ 34.7%€5k▲ 1,519%€8k▲ 57.8%
Working capital€44k▼ 12.9%€31k▼ 30.6%€8k▼ 73.3%€-318€34k
Solvency92.2%▲ 0.4pp98.6%▲ 6.3pp96.8%▼ 1.7pp11.6%▼ 85.2pp83.1%▲ 71.5pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €40k after a loss of €9k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48k
Fixed assets
€6k ▲ 509%
Current assets
€42k ▲ 771%
Equity and liabilities €48k
Equity
€40k ▲ 5,816%
Debt
€8k ▲ 57.8%
Debt's share of the balance-sheet total falls from 88.4% to 16.9%. Equity and debt are higher.
Key figures and ratios
ROE
98.3%
ROA
81.7%▲
2023 · -155.9%
Debt ≤ 1 year
€8k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €917 | ▼ 50.5% |
| Other operating charges640/8 | - | €557 | €955 | €944 | €714 | ▼ 24.3% |
| Gross operating margin9900 | €-4k | €-13k | €-22k | €-6k | €41k | ▲ 764% |
| Operating profit (loss)9901 | €-7k | €-15k | €-24k | €-9k | €40k | ▲ 539% |
| Financial income75/76B | - | €217 | €0 | - | - | - |
| Recurring financial income75 | €0 | €217 | €0 | - | - | - |
| Financial charges65/66B | - | €97 | €111 | €95 | €180 | ▲ 89.6% |
| Recurring financial charges65 | €196 | €97 | €111 | €95 | €180 | ▲ 89.6% |
| Profit (loss) for the period before taxes9903 | €-7k | €-15k | €-24k | €-9k | €39k | ▲ 533% |
| Profit (loss) for the period9904 | €-7k | €-15k | €-24k | €-9k | €39k | ▲ 533% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-15k | €-24k | €-9k | €39k | ▲ 533% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53k | €35k | €10k | €6k | €48k | ▲ 726% |
| Fixed assets21/28 | €5k | €3k | €2k | €1k | €6k | ▲ 509% |
| Tangible fixed assets22/27 | €5k | €3k | €2k | €1k | €6k | ▲ 509% |
| Furniture and vehicles24 | - | €3k | €2k | €1k | €6k | ▲ 509% |
| Current assets29/58 | €49k | €31k | €9k | €5k | €42k | ▲ 771% |
| Amounts receivable within one year40/41 | €14k | €5k | €6k | €3k | €12k | ▲ 270% |
| Trade receivables40 | - | - | - | - | €10k | - |
| Other amounts receivable41 | - | €5k | €6k | €3k | €2k | ▼ 44.9% |
| Cash at bank and in hand54/58 | €34k | €25k | €2k | €833 | €29k | ▲ 3,366% |
| Deferred charges and accrued income490/1 | - | €767 | €997 | €751 | €1k | ▲ 50.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53k | €35k | €10k | €6k | €48k | ▲ 726% |
| Equity10/15 | €49k | €34k | €10k | €676 | €40k | ▲ 5,816% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €29k | €14k | €2k | €0 | €20k | - |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €12k | €0 | - | €20k | - |
| Profit (loss) carried forward14 | - | - | €-12k | €-19k | €0 | ▲ 100% |
| Amounts payable17/49 | €4k | €488 | €318 | €5k | €8k | ▲ 57.8% |
| Amounts payable within one year42/48 | €4k | €488 | €300 | €5k | €8k | ▲ 58.4% |
| Trade debts44 | €794 | €488 | €300 | €281 | €3k | ▲ 974% |
| Suppliers440/4 | - | €488 | €300 | €281 | €3k | ▲ 974% |
| Taxes, remuneration and social security45 | - | - | - | - | €5k | - |
| Taxes450/3 | - | - | - | - | €5k | - |
| Other amounts payable47/48 | - | - | - | €5k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €18 | €19 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-15k | €-24k | €-9k | €39k | ▲ 533% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €917 | ▼ 50.5% |
| Operating cash flow (approximation) | €-5k | €-14k | €-23k | €-7k | €40k | ▲ 656% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-1k | €-6k | ▼ 357% |
| Change in cash | - | €-8k | €-24k | €-667 | €28k | ▲ 4,303% |
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
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €39k
Net result €39k after 4 loss-making years.
31-12
Financial
Liquidity times 5current ratio 5.16
Current ratio from 0.94 to 5.16.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 64.34
Current ratio from 11.75 to 64.34; short-term debt falls from €4k to €488.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mechelen · 1 establishment unit since 2018
Ground area
111 m²
Building footprint
61 m²
Volume, LiDAR
468 m³
Parcel 12402B0230/00P000, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Lincor
since 20182.272.118.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0230/00P000 | Flanders | 111 m² | 1 · 61 m² | 12.5 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 · 1 entry · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 9,699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.