LINDEN E.Tec
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is nearly 3.4 times that of 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €49,498 | €2,265 | - | €3,877 |
| Depreciation and write-downs of the year | €12,687 | €9,903 | €10,126 | €10,371 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,687 | €9,903 | €10,126 | €10,371 | ▲ 2.4% |
| Other operating charges640/8 | €2,043 | €1,040 | €984 | €1,004 | ▲ 2.1% |
| Gross operating margin9900 | €26,649 | €17,580 | €13,954 | €20,915 | ▲ 49.9% |
| Operating profit (loss)9901 | €11,920 | €6,637 | €2,843 | €9,540 | ▲ 236% |
| Financial income75/76B | €0 | €136 | €326 | €326 | = |
| Recurring financial income75 | €0 | €136 | €326 | €326 | = |
| Financial charges65/66B | €1,852 | €1,611 | €942 | €689 | ▼ 26.9% |
| Recurring financial charges65 | €1,852 | €1,611 | €942 | €689 | ▼ 26.9% |
| Profit (loss) for the period before taxes9903 | €10,068 | €5,162 | €2,227 | €9,177 | ▲ 312% |
| Income taxes67/77 | €1,859 | €2,020 | €1,677 | €3,002 | ▲ 79.0% |
| Profit (loss) for the period9904 | €8,209 | €3,142 | €550 | €6,175 | ▲ 11× |
| Profit (loss) for the period to be appropriated9905 | €8,209 | €3,142 | €550 | €6,175 | ▲ 11× |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €56,937 | €54,302 | €39,543 | €37,972 | ▼ 4.0% |
| Fixed assets21/28 | €38,815 | €31,177 | €21,051 | €14,558 | ▼ 30.8% |
| Tangible fixed assets22/27 | €38,815 | €31,177 | €21,051 | €14,558 | ▼ 30.8% |
| Plant, machinery and equipment23 | - | €2,262 | €2,036 | €1,809 | ▼ 11.1% |
| Furniture and vehicles24 | - | - | - | €3,633 | - |
| Leasing and similar rights25 | €38,815 | €28,915 | €19,015 | €9,116 | ▼ 52.1% |
| Current assets29/58 | €18,122 | €23,125 | €18,492 | €23,414 | ▲ 26.6% |
| Amounts receivable after more than one year29 | - | €6,136 | €6,462 | €6,787 | ▲ 5.0% |
| Other amounts receivable291 | - | €6,136 | €6,462 | €6,787 | ▲ 5.0% |
| Amounts receivable within one year40/41 | €8,615 | €6,740 | €5,433 | €7,707 | ▲ 41.9% |
| Trade receivables40 | €4,905 | €5,067 | €4,633 | €6,117 | ▲ 32.0% |
| Other amounts receivable41 | €3,710 | €1,673 | €800 | €1,590 | ▲ 98.8% |
| Cash at bank and in hand54/58 | €7,795 | €8,724 | €5,936 | €7,606 | ▲ 28.1% |
| Deferred charges and accrued income490/1 | €1,712 | €1,525 | €662 | €1,314 | ▲ 98.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €56,937 | €54,302 | €39,543 | €37,972 | ▼ 4.0% |
| Equity10/15 | €11,409 | €13,752 | €13,502 | €9,677 | ▼ 28.3% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €7,409 | €9,752 | €9,502 | €5,677 | ▼ 40.3% |
| Amounts payable17/49 | €45,527 | €40,550 | €26,041 | €28,294 | ▲ 8.7% |
| Amounts payable after more than one year17 | €28,420 | €19,279 | €9,873 | €1,833 | ▼ 81.4% |
| Financial debts170/4 | €28,420 | €19,279 | €9,873 | €1,833 | ▼ 81.4% |
| Amounts payable within one year42/48 | €16,898 | €21,061 | €15,959 | €26,252 | ▲ 64.5% |
| Current portion of amounts payable after more than one year42 | €8,883 | €9,140 | €9,407 | €8,040 | ▼ 14.5% |
| Trade debts44 | €2,756 | €4,642 | €975 | €1,940 | ▲ 98.9% |
| Suppliers440/4 | €2,756 | €4,642 | €975 | €1,940 | ▲ 98.9% |
| Taxes, remuneration and social security45 | €4,459 | €6,479 | €4,777 | €6,272 | ▲ 31.3% |
| Taxes450/3 | €2,309 | €4,329 | €2,577 | €4,157 | ▲ 61.3% |
| Remuneration and social security454/9 | €2,150 | €2,150 | €2,200 | €2,115 | ▼ 3.9% |
| Other amounts payable47/48 | €800 | €800 | €800 | €10,000 | ▲ 13× |
| Accrued charges and deferred income492/3 | €210 | €210 | €210 | €210 | = |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,209 | €3,142 | €550 | €6,175 | ▲ 11× |
| + Depreciation and write-downs630 | €12,687 | €9,903 | €10,126 | €10,371 | ▲ 2.4% |
| Operating cash flow (approximation) | €20,896 | €13,045 | €10,676 | €16,546 | ▲ 55.0% |
| Investment in fixed assets (approximation) | - | -€2,265 | €0 | -€3,877 | - |
| Change in cash | - | €930 | -€2,788 | €1,670 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as LINDEN E.Tec has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LINDEN E.Tec itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for LINDEN E.Tec. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.