LINDD
ActiveSummary
LINDD has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €908k and a net result of €128k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-2
Solvency54▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.52 in 2024; short-term debt: 61.9% and cash: 2% of total assets), and 71.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
28.9%
Return on assets
4.1%
Age of the figures
12 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-06-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
32 d late
2024
28 d late
2023
27 d late
2021
24 d early
2020
107 d late
2019
1 d early
2018
92 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€908k▲ 0.9%
2024 · €900k
Total assets
€3.14M▲ 44.5%
2024 · €2.17M
Net result
€128k▼ 3.6%
2024 · €133k
Working capital
€654k▲ 4.4%
2024 · €627k
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
Line20202021202320242025
Operating result€26k€211k▲ 702%€420k-€228k▼ 45.7%€220k▼ 3.5%
Net result€2k€172k▲ 7,776%€255k-€133k▼ 47.9%€128k▼ 3.6%
Equity€450k▲ 0.5%€622k▲ 38.2%€767k-€900k▲ 17.3%€908k▲ 0.9%
Total assets€1.22M▼ 38.4%€1.42M▲ 16.4%€2.04M-€2.17M▲ 6.3%€3.14M▲ 44.5%
Debt€774k▼ 49.7%€802k▲ 3.6%€1.28M-€1.27M▼ 0.4%€2.23M▲ 75.4%
Working capital€107k▲ 369%€314k▲ 193%€513k-€627k▲ 22.2%€654k▲ 4.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.14M
Fixed assets
€542k ▲ 63.9%
Current assets
€2.60M ▲ 41.1%
Equity and liabilities €3.14M
Equity
€908k ▲ 0.9%
Debt
€2.23M ▲ 75.4%
Debt's share of the balance-sheet total rises from 58.6% to 71.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€391k▲
2024 · €344k
Cash flow
€299k▲
2024 · €248k
Current ratio
1.34▼
2024 · 1.52
Debt to equity
2.46▲
2024 · 1.41
ROE
14.1%▼
2024 · 14.7%
ROA
4.1%▼
2024 · 6.1%
Interest coverage
14.52▲
2024 · 13.61
Debt ≤ 1 year
€1.94M▲
2024 · €1.21M
Debt > 1 year
€270k▲
2024 · €50k
Income taxes
€67k▼
2024 · €70k
Staff costs
€2.12M▲
2024 · €1.65M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.20M | €3.05M | €1.65M | €2.12M | ▲ 28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94k | €91k | €191k | €115k | €171k | ▲ 48.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €27k | €9k | ▼ 67.3% |
| Other operating charges640/8 | - | €106k | €241k | €162k | €195k | ▲ 20.5% |
| Gross operating margin9900 | €1.24M | €1.60M | €3.90M | €2.18M | €2.71M | ▲ 24.1% |
| Operating profit (loss)9901 | €26k | €211k | €420k | €228k | €220k | ▼ 3.5% |
| Financial income75/76B | - | €6 | €9k | - | €2k | - |
| Recurring financial income75 | €6 | €6 | €9k | - | €2k | - |
| Financial charges65/66B | - | €6k | €49k | €25k | €27k | ▲ 6.7% |
| Recurring financial charges65 | €21k | €6k | €49k | €25k | €27k | ▲ 6.7% |
| Profit (loss) for the period before taxes9903 | €5k | €204k | €380k | €203k | €195k | ▼ 4.0% |
| Income taxes67/77 | €3k | €32k | €125k | €70k | €67k | ▼ 4.6% |
| Profit (loss) for the period9904 | €2k | €172k | €255k | €133k | €128k | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €2k | €172k | €255k | €133k | €128k | ▼ 3.6% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.22M | €1.42M | €2.04M | €2.17M | €3.14M | ▲ 44.5% |
| Fixed assets21/28 | €363k | €327k | €351k | €331k | €542k | ▲ 63.9% |
| Intangible fixed assets21 | €9k | €8k | €2k | €2k | €804 | ▼ 60.1% |
| Tangible fixed assets22/27 | €340k | €304k | €320k | €300k | €503k | ▲ 67.9% |
| Land and buildings22 | - | €102k | €89k | €92k | €82k | ▼ 10.6% |
| Plant, machinery and equipment23 | - | €51k | €62k | €40k | €23k | ▼ 41.5% |
| Furniture and vehicles24 | - | €151k | €169k | €168k | €397k | ▲ 137% |
| Financial fixed assets28 | €15k | €15k | €29k | €29k | €38k | ▲ 31.9% |
| Current assets29/58 | €861k | €1.10M | €1.69M | €1.84M | €2.60M | ▲ 41.1% |
| Amounts receivable within one year40/41 | €778k | €947k | €1.58M | €1.73M | €2.49M | ▲ 44.5% |
| Trade receivables40 | - | €916k | €1.42M | €1.68M | €2.33M | ▲ 38.1% |
| Other amounts receivable41 | - | €31k | €161k | €41k | €167k | ▲ 310% |
| Cash at bank and in hand54/58 | €20k | €129k | €57k | €101k | €63k | ▼ 37.9% |
| Deferred charges and accrued income490/1 | - | €22k | €56k | €14k | €41k | ▲ 185% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.22M | €1.42M | €2.04M | €2.17M | €3.14M | ▲ 44.5% |
| Equity10/15 | €450k | €622k | €767k | €900k | €908k | ▲ 0.9% |
| Contributions10/11 | €97k | €97k | €99k | €99k | €99k | = |
| Capital10 | - | €97k | - | - | - | - |
| Issued capital100 | - | €109k | - | - | - | - |
| Uncalled capital101 | - | €12k | - | - | - | - |
| Revaluation surpluses12 | - | €3k | €3k | €3k | €3k | = |
| Reserves13 | €350k | €522k | €665k | €797k | €805k | ▲ 1.0% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Legal reserve130 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €520k | €665k | €797k | €805k | ▲ 1.0% |
| Amounts payable17/49 | €774k | €802k | €1.28M | €1.27M | €2.23M | ▲ 75.4% |
| Amounts payable after more than one year17 | - | €19k | €97k | €50k | €270k | ▲ 444% |
| Financial debts170/4 | - | €19k | €97k | €50k | €270k | ▲ 444% |
| Amounts payable within one year42/48 | €754k | €783k | €1.18M | €1.21M | €1.94M | ▲ 60.0% |
| Current portion of amounts payable after more than one year42 | - | €17k | €70k | €186k | €256k | ▲ 37.9% |
| Trade debts44 | €206k | €256k | €590k | €507k | €1.13M | ▲ 123% |
| Suppliers440/4 | - | €256k | €590k | €507k | €1.13M | ▲ 123% |
| Taxes, remuneration and social security45 | - | €510k | €405k | €403k | €395k | ▼ 2.1% |
| Taxes450/3 | - | €233k | €136k | €277k | €112k | ▼ 59.5% |
| Remuneration and social security454/9 | - | €277k | €269k | €126k | €283k | ▲ 124% |
| Other amounts payable47/48 | - | - | €114k | €117k | €160k | ▲ 36.3% |
| Accrued charges and deferred income492/3 | - | - | - | €8k | €19k | ▲ 133% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €172k | €255k | €133k | €128k | ▼ 3.6% |
| + Depreciation and write-downs630 | €94k | €91k | €191k | €115k | €171k | ▲ 48.2% |
| Operating cash flow (approximation) | €96k | €263k | €446k | €248k | €299k | ▲ 20.5% |
| Investment in fixed assets (approximation) | - | €-54k | - | €-95k | €-382k | ▼ 302% |
| Change in cash | - | €109k | - | €43k | €-38k | ▼ 188% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-09
Financial
Highest result since 2018net €255k ▲48.1%
Operating result €420k, net result €255k, both a record.
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €622k ▲38.2%
2 profitable years in a row build equity to €622k.
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 107 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-127k
Net result drops to €-127k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 85 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 175 days late
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Merelbeke-Melle · 1 establishment unit since 2008
Ground area
1.1 ha
Building footprint
3,788 m²
Volume, LiDAR
23,416 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LINDD
since 20082.168.455.586
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051D0104/00R000 | Flanders | 1.1 ha | 1 · 3,682 m² | 7.7 m · 2 fl. |
| 44040C0273/00X002 | Flanders | 335 m² | 1 · 106 m² | 9.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 46,475 EUR awarded · 45,374 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,198 EUR | 1,152 EUR |
| 2024 | 2 | 9,850 EUR | 9,795 EUR |
| 2023 | 3 | 30,048 EUR | 30,048 EUR |
| 2022 | 1 | 4,379 EUR | 4,379 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.168.455.586
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Of 4,921 companies in sector 53200 we hold annual accounts for 1,322. 411 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
Founded29-01-2008
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
Scores and ratios are computed by Checked and are not a credit decision.