LINDERS CONSTRUCTION
ActiveSummary
LINDERS CONSTRUCTION has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €167k and a net result of €12k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75=
Solvency95▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.77 against 4.24 in 2023; short-term debt: 22.3% and cash: 13.8% of total assets), and 30.5% of the assets are financed with debt.
Credit check for your own amount and term
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-07-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
10 d early
2023
12 d late
2022
29 d late
2021
22 d late
2020
18 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€167k▲ 7.6%
2023 · €155k
Total assets
€240k▲ 5.1%
2023 · €228k
Net result
€12k▼ 2.7%
2023 · €12k
Working capital
€148k▲ 13.2%
2023 · €131k
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€24k▲ 234%€9k▼ 63.7%€9k▲ 3.6%€15k▲ 73.7%€14k▼ 9.3%
Net result€20k▲ 170%€9k▼ 55.0%€7k▼ 18.5%€12k▲ 64.4%€12k▼ 2.7%
Equity€128k▲ 17.3%€136k▲ 6.1%€143k▲ 5.4%€155k▲ 8.5%€167k▲ 7.6%
Total assets€185k▲ 37.4%€205k▲ 10.4%€298k▲ 45.8%€228k▼ 23.5%€240k▲ 5.1%
Debt€58k▲ 121%€69k▲ 19.8%€155k▲ 125%€73k▼ 52.9%€73k▼ 0.1%
Working capital€91k▼ 1.0%€106k▲ 15.9%€117k▲ 11.0%€131k▲ 11.7%€148k▲ 13.2%
Staff (FTE)0.61▲ 66.7%0.5▼ 50.0%0.9▲ 80.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240k
Fixed assets
€38k ▼ 33.0%
Current assets
€202k ▲ 17.8%
Equity and liabilities €240k
Equity
€167k ▲ 7.6%
Debt
€73k ▼ 0.1%
Debt's share of the balance-sheet total falls from 32.1% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2023 · €35k
Cash flow
€33k▲
2023 · €31k
Current ratio
3.77▼
2023 · 4.24
Quick ratio
3.63▼
2023 · 4.16
Debt to equity
0.44▼
2023 · 0.47
ROE
7.1%▼
2023 · 7.8%
ROA
4.9%▼
2023 · 5.3%
Interest coverage
17.33▼
2023 · 24.64
Debt ≤ 1 year
€54k▲
2023 · €40k
Debt > 1 year
€19k▼
2023 · €33k
Income taxes
€3k▲
2023 · €3k
Staff costs
€15k▲
2023 · €6k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3k | €9k | €6k | €15k | ▲ 159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €15k | €14k | €19k | €22k | ▲ 13.4% |
| Other operating charges640/8 | - | €809 | €662 | €874 | €1k | ▲ 17.4% |
| Gross operating margin9900 | €41k | €27k | €33k | €41k | €52k | ▲ 25.8% |
| Operating profit (loss)9901 | €24k | €9k | €9k | €15k | €14k | ▼ 9.3% |
| Financial income75/76B | - | €3k | €1k | €709 | €3k | ▲ 333% |
| Recurring financial income75 | €2k | €3k | €1k | €709 | €3k | ▲ 333% |
| Financial charges65/66B | - | €909 | €667 | €1k | €2k | ▲ 46.8% |
| Recurring financial charges65 | €332 | €909 | €667 | €1k | €2k | ▲ 46.8% |
| Profit (loss) for the period before taxes9903 | €25k | €11k | €9k | €15k | €15k | ▲ 1.8% |
| Income taxes67/77 | €5k | €2k | €2k | €3k | €3k | ▲ 22.2% |
| Profit (loss) for the period9904 | €20k | €9k | €7k | €12k | €12k | ▼ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €20k | €9k | €7k | €12k | €12k | ▼ 2.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185k | €205k | €298k | €228k | €240k | ▲ 5.1% |
| Fixed assets21/28 | €64k | €50k | €39k | €57k | €38k | ▼ 33.0% |
| Tangible fixed assets22/27 | €64k | €50k | €39k | €57k | €38k | ▼ 33.1% |
| Plant, machinery and equipment23 | - | €1k | €3k | €34k | €28k | ▼ 17.8% |
| Furniture and vehicles24 | - | €48k | €36k | €23k | €10k | ▼ 55.5% |
| Financial fixed assets28 | €105 | €105 | €105 | €105 | €105 | = |
| Current assets29/58 | €122k | €154k | €259k | €171k | €202k | ▲ 17.8% |
| Stocks and contracts in progress3 | - | - | €2k | €3k | €7k | ▲ 131% |
| Stocks30/36 | - | - | €2k | €3k | €7k | ▲ 131% |
| Amounts receivable within one year40/41 | €64k | €118k | €214k | €125k | €158k | ▲ 26.8% |
| Trade receivables40 | - | €115k | €210k | €116k | €132k | ▲ 13.9% |
| Other amounts receivable41 | - | €3k | €5k | €9k | €26k | ▲ 188% |
| Cash at bank and in hand54/58 | €55k | €35k | €39k | €41k | €33k | ▼ 19.6% |
| Deferred charges and accrued income490/1 | - | €2k | €4k | €2k | €3k | ▲ 44.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185k | €205k | €298k | €228k | €240k | ▲ 5.1% |
| Equity10/15 | €128k | €136k | €143k | €155k | €167k | ▲ 7.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Outside capital11 | - | - | - | €6k | €6k | = |
| Other1109/19 | - | - | - | €6k | €6k | = |
| Reserves13 | €68k | €77k | €84k | €96k | €108k | ▲ 12.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €75k | €82k | €96k | €108k | ▲ 12.2% |
| Profit (loss) carried forward14 | €52k | €52k | €52k | €52k | €52k | = |
| Amounts payable17/49 | €58k | €69k | €155k | €73k | €73k | ▼ 0.1% |
| Amounts payable after more than one year17 | €27k | €20k | €13k | €33k | €19k | ▼ 40.5% |
| Financial debts170/4 | - | €20k | €13k | €33k | €19k | ▼ 40.5% |
| Amounts payable within one year42/48 | €31k | €49k | €142k | €40k | €54k | ▲ 32.6% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €14k | €13k | ▼ 5.7% |
| Trade debts44 | €2k | €21k | €123k | €11k | €17k | ▲ 60.9% |
| Suppliers440/4 | - | €21k | €123k | €11k | €17k | ▲ 60.9% |
| Taxes, remuneration and social security45 | - | €11k | €7k | €16k | €23k | ▲ 47.6% |
| Taxes450/3 | - | €10k | €5k | €15k | €22k | ▲ 48.9% |
| Remuneration and social security454/9 | - | €950 | €2k | €472 | €495 | ▲ 4.8% |
| Other amounts payable47/48 | - | €10k | €4k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €9k | €7k | €12k | €12k | ▼ 2.7% |
| + Depreciation and write-downs630 | €17k | €15k | €14k | €19k | €22k | ▲ 13.4% |
| Operating cash flow (approximation) | €37k | €24k | €21k | €31k | €33k | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | €-1k | €-3k | €-37k | €-3k | ▲ 92.3% |
| Change in cash | - | €-21k | €4k | €3k | €-8k | ▼ 421% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.24
Current ratio from 1.82 to 4.24; short-term debt falls from €142k to €40k.
31-12
Financial
Equity above €150kEq €155k ▲8.5%
6 profitable years in a row build equity to €155k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €7k ▼18.5%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €20k ▲170%
Operating result €24k, net result €20k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 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, Dalhem · 1 establishment unit since 2004
Ground area
1,226 m²
Building footprint
214 m²
Volume, LiDAR
1,242 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LINDERS CONSTRUCTIONS
since 20042.136.978.789
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63055B0666/00H000 | Wallonia | 979 m² | 1 · 113 m² | 6.8 m · 2 fl. |
| 62059C1034/00S009 | Wallonia | 247 m² | 1 · 101 m² | 9.1 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,448 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
Founded27-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.