LINDE PROJECTS
ActiveSummary
LINDE PROJECTS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €1k. Its solvency ranks better than 21% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+1
Solvency26=
Growth78
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 4.93 against 26.04 in 2024; short-term debt: 20.3% and cash: 5.3% of total assets), but 99.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
0.5%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 21%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
29 d early
2024
28 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 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, micro schema
Equity
€17k▲ 9.3%
2024 · €15k
2024: €15k
2025: €17k▲ +9.3% vs 2024
2024 → 2025
Total assets
€3.28M▲ 130%
2024 · €1.42M
2024: €1.42M
2025: €3.28M▲ +130% vs 2024
2024 → 2025
Net result
€1k
2024 · €-5k
2024: €-5k
2025: €1k▲ +129% vs 2024
2024 → 2025
Working capital
€2.62M▲ 91.0%
2024 · €1.37M
2024: €1.37M
2025: €2.62M▲ +91.0% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€15k-€17k▲ 9.3%
2024: €15k
2025: €17k▲ +9.3% vs 2024
Operating result€82k-€126k▲ 53.5%
2024: €82k
2025: €126k▲ +53.5% vs 2024
Net result€-5k-€1k
2024: €-5k
2025: €1k▲ +129% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 53% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3.28M
Equity
€17k ▲ 9.3%
Debt
€3.27M ▲ 132%
Debt's share of the balance-sheet total rises from 98.9% to 99.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
4.93▼
2024 · 26.04
Quick ratio
1.67▼
2024 · 19.61
ROE
8.5%▲
2024 · -31.9%
ROA
0.0%▲
2024 · -0.3%
Debt ≤ 1 year
€666k▲
2024 · €55k
Debt > 1 year
€2.60M▲
2024 · €1.31M
Income taxes
€1
A ratio outside any meaningful range has been withheld (balance sheet total €3.28M, equity €17k).
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.42M€3.28M▲
Current assets29/58€1.42M€3.28M▲
Stocks and contracts in progress3€352k€2.17M▲
Contracts in progress37€352k€2.17M▲
Amounts receivable within one year40/41€1.07M€935k▼
Other amounts receivable41€1.07M€935k▼
Cash at bank and in hand54/58€2k€173k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.42M€3.28M▲
Equity10/15€15k€17k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-5k€-3k▲
Amounts payable17/49€1.41M€3.27M▲
Amounts payable after more than one year17€1.31M€2.60M▲
Financial debts170/4€1.31M€2.60M▲
Amounts payable within one year42/48€55k€666k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€48k€15k▼
Suppliers440/4€48k€15k▼
Advances received on contracts in progress46-€603k
Taxes, remuneration and social security45€58€37k▲
Taxes450/3€58€37k▲
Other amounts payable47/48€7k€8k▲
Accrued charges and deferred income492/3€44k€0▼
Income statement
Code20242025
Other operating charges640/8€834€462▼
Gross operating margin9900€83k€127k▲
Operating profit (loss)9901€82k€126k▲
Financial income75/76B€29€5▼
Recurring financial income75€29€5▼
Financial charges65/66B€87k€125k▲
Recurring financial charges65€87k€125k▲
Profit (loss) for the period before taxes9903€-5k€1k▲
Income taxes67/77-€1
Profit (loss) for the period9904€-5k€1k▲
Profit (loss) for the period to be appropriated9905€-5k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-3k▲
Profit (loss) brought forward from the previous period14P-€-5k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €834 | €462 | ▼ 44.6% |
| Gross operating margin9900 | €83k | €127k | ▲ 52.5% |
| Operating profit (loss)9901 | €82k | €126k | ▲ 53.5% |
| Financial income75/76B | €29 | €5 | ▼ 84.2% |
| Recurring financial income75 | €29 | €5 | ▼ 84.2% |
| Financial charges65/66B | €87k | €125k | ▲ 43.3% |
| Recurring financial charges65 | €87k | €125k | ▲ 43.3% |
| Profit (loss) for the period before taxes9903 | €-5k | €1k | ▲ 129% |
| Income taxes67/77 | - | €1 | - |
| Profit (loss) for the period9904 | €-5k | €1k | ▲ 129% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €1k | ▲ 129% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.42M | €3.28M | ▲ 130% |
| Current assets29/58 | €1.42M | €3.28M | ▲ 130% |
| Stocks and contracts in progress3 | €352k | €2.17M | ▲ 518% |
| Contracts in progress37 | €352k | €2.17M | ▲ 518% |
| Amounts receivable within one year40/41 | €1.07M | €935k | ▼ 12.5% |
| Other amounts receivable41 | €1.07M | €935k | ▼ 12.5% |
| Cash at bank and in hand54/58 | €2k | €173k | ▲ 7,788% |
| Deferred charges and accrued income490/1 | €2k | €2k | ▲ 1.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.42M | €3.28M | ▲ 130% |
| Equity10/15 | €15k | €17k | ▲ 9.3% |
| Contributions10/11 | €20k | €20k | = |
| Profit (loss) carried forward14 | €-5k | €-3k | ▲ 29.0% |
| Amounts payable17/49 | €1.41M | €3.27M | ▲ 132% |
| Amounts payable after more than one year17 | €1.31M | €2.60M | ▲ 98.4% |
| Financial debts170/4 | €1.31M | €2.60M | ▲ 98.4% |
| Amounts payable within one year42/48 | €55k | €666k | ▲ 1,118% |
| Financial debts43 | - | €3k | - |
| Credit institutions430/8 | - | €3k | - |
| Trade debts44 | €48k | €15k | ▼ 67.9% |
| Suppliers440/4 | €48k | €15k | ▼ 67.9% |
| Advances received on contracts in progress46 | - | €603k | - |
| Taxes, remuneration and social security45 | €58 | €37k | ▲ 63,565% |
| Taxes450/3 | €58 | €37k | ▲ 63,565% |
| Other amounts payable47/48 | €7k | €8k | ▲ 24.5% |
| Accrued charges and deferred income492/3 | €44k | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €1k | ▲ 129% |
| Operating cash flow (approximation) | €-5k | €1k | ▲ 129% |
| Change in cash | - | €171k | - |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Genk · 1 establishment unit since 2023
Ground area
5,932 m²
Building footprint
2,216 m²
Volume, LiDAR
11,668 m³
Parcel 71302A0032/00S034, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LINDE PROJECTS
since 20232.343.807.436
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00S034 | Flanders | 5,932 m² | 1 · 2,216 m² | 7.5 m · 2 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,796 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
Founded05-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
68122Development of non-residential building projects
68110Buying and selling of own real estate
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.