LINDAEL
ActiveSummary
LINDAEL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€26,660. Equity is shrinking by ~2.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 13.24 against 31.81 in 2024; short-term debt: 1.1% and cash: 7.7% of total assets), and 1.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.9%
Return on assets
-2.2%
Age of the figures
9 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
42 d early
2023
29 d early
2022
42 d late
2021
26 d early
2020
26 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 22 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.2m▼ 2.2%
2024 · €1.2m
Total assets
€1.2m▼ 1.4%
2024 · €1.2m
Net result
-€26,660▼ 14.0%
2024 · -€23,395
Working capital
€170,162▲ 18.6%
2024 · €143,500
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
Line20212022202320242025
Operating result-€64,756▼ 50.2%-€14,030▲ 78.3%-€37,955▼ 171%-€23,354▲ 38.5%-€26,900▼ 15.2%
Net result-€65,019▼ 47.9%-€14,640▲ 77.5%-€37,361▼ 155%-€23,395▲ 37.4%-€26,660▼ 14.0%
Equity€1.3m▼ 4.7%€1.3m▼ 1.1%€1.3m▼ 2.9%€1.2m▼ 1.9%€1.2m▼ 2.2%
Total assets€1.3m▼ 5.5%€1.3m▼ 1.3%€1.3m▼ 3.0%€1.2m▼ 1.9%€1.2m▼ 1.4%
Debt€10,326▼ 51.4%€7,860▼ 23.9%€5,720▼ 27.2%€4,657▼ 18.6%€13,901▲ 199%
Working capital€65,440▼ 30.2%€83,393▲ 27.4%€107,442▲ 28.8%€143,500▲ 33.6%€170,162▲ 18.6%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,900 in 2025 against €23,354 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.0m ▼ 4.9%
Current assets
€184,063 ▲ 24.2%
Equity and liabilities €1.2m
Equity
€1.2m ▼ 2.2%
Debt
€13,901 ▲ 199%
Debt's share of the balance-sheet total rises from 0.4% to 1.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66,290▼
2024 · €66,863
Cash flow
€66,531▼
2024 · €66,822
Current ratio
13.24▼
2024 · 31.81
Debt to equity
0.01▲
2024 · 0.00
ROE
-2.2%▼
2024 · -1.9%
ROA
-2.2%▼
2024 · -1.9%
Debt ≤ 1 year
€13,901▲
2024 · €4,657
Income taxes
€300▲
2024 · €293
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 8,594 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €17,074 | €4,938 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88,908 | €84,362 | €90,869 | €90,217 | €93,190 | ▲ 3.3% |
| Other operating charges640/8 | €11,771 | €12,408 | €14,311 | €14,920 | €15,446 | ▲ 3.5% |
| Gross operating margin9900 | €52,997 | €87,678 | €67,225 | €81,783 | €81,736 | ▼ 0.1% |
| Operating profit (loss)9901 | -€64,756 | -€14,030 | -€37,955 | -€23,354 | -€26,900 | ▼ 15.2% |
| Financial income75/76B | - | - | €876 | €252 | €540 | ▲ 114% |
| Recurring financial income75 | - | - | €876 | €252 | €540 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | -€64,756 | -€14,030 | -€37,078 | -€23,102 | -€26,360 | ▼ 14.1% |
| Income taxes67/77 | €263 | €610 | €282 | €293 | €300 | ▲ 2.5% |
| Profit (loss) for the period9904 | -€65,019 | -€14,640 | -€37,361 | -€23,395 | -€26,660 | ▼ 14.0% |
| Profit (loss) for the period to be appropriated9905 | -€65,019 | -€14,640 | -€37,361 | -€23,395 | -€26,660 | ▼ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 1.4% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.9% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.9% |
| Land and buildings22 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 5.1% |
| Plant, machinery and equipment23 | - | €920 | €610 | €300 | €2,064 | ▲ 588% |
| Financial fixed assets28 | €432 | €432 | €432 | €432 | €432 | = |
| Current assets29/58 | €75,765 | €91,252 | €113,162 | €148,157 | €184,063 | ▲ 24.2% |
| Amounts receivable within one year40/41 | €46,007 | €20,467 | €39,233 | €58,469 | €80,053 | ▲ 36.9% |
| Trade receivables40 | - | - | - | - | €4,840 | - |
| Other amounts receivable41 | €46,007 | €20,467 | €39,233 | €58,469 | €75,213 | ▲ 28.6% |
| Cash at bank and in hand54/58 | €23,952 | €63,785 | €65,612 | €82,150 | €93,742 | ▲ 14.1% |
| Deferred charges and accrued income490/1 | €5,807 | €7,000 | €8,317 | €7,538 | €10,268 | ▲ 36.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 1.4% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 2.2% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Issued capital100 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Non-distributable reserves130/1 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Legal reserve130 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Profit (loss) carried forward14 | -€453,100 | -€467,740 | -€505,101 | -€528,496 | -€555,156 | ▼ 5.0% |
| Amounts payable17/49 | €10,326 | €7,860 | €5,720 | €4,657 | €13,901 | ▲ 199% |
| Amounts payable within one year42/48 | €10,326 | €7,860 | €5,720 | €4,657 | €13,901 | ▲ 199% |
| Trade debts44 | €7,477 | €6,554 | €5,473 | €4,438 | €13,721 | ▲ 209% |
| Suppliers440/4 | €7,477 | €6,554 | €5,473 | €4,438 | €13,721 | ▲ 209% |
| Taxes, remuneration and social security45 | €2,849 | €1,306 | €247 | €218 | €180 | ▼ 17.6% |
| Taxes450/3 | €1,151 | €873 | €247 | €218 | €180 | ▼ 17.6% |
| Remuneration and social security454/9 | €1,698 | €433 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,019 | -€14,640 | -€37,361 | -€23,395 | -€26,660 | ▼ 14.0% |
| + Depreciation and write-downs630 | €88,908 | €84,362 | €90,869 | €90,217 | €93,190 | ▲ 3.3% |
| Operating cash flow (approximation) | €23,889 | €69,721 | €53,508 | €66,822 | €66,531 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€51,768 | -€29,459 | -€30,763 | -€39,869 | ▼ 29.6% |
| Change in cash | - | €39,833 | €1,827 | €16,538 | €11,592 | ▼ 29.9% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€65,019
Net result drops to -€65,019, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 4.15
Current ratio from 1.32 to 4.15; short-term debt falls from €50,074 to €20,885.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
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 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, Overijse · 1 establishment unit since 1993
Ground area
1,533 m²
Building footprint
328 m²
Volume, LiDAR
2,463 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARLEQUINO EN ARLEQUINO
since 19932.062.942.847
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23544C0576/00H000 | Flanders | 803 m² | 1 · 164 m² | 13.0 m · 2 fl. |
| 23546L0099/00C002 | Flanders | 730 m² | 1 · 164 m² | 11.4 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPublic limited company
Founded26-03-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449675964
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.