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LINE

Active
Private limited company (pre-2019)founded 199234 yrs activeBoomgaarden 62, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0447.379.638

LINE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €-2k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 15866 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
62 / 100
Healthy▲ +10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 7.55 against 16.28 in 2023), and 13.3% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 34 years 0 40 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
86.7%
Return on assets
-7.4%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 filings
Deviation from the deadline
2025
not confirmed
2024
53 d late
2023
61 d late
2022
29 d late
2021
2 d early
2020
31 d late
2019
69 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity
€29k▼ 7.9%
2023 · €31k
2018: €14k 2019: €14k 2020: €23k 2021: €32k 2022: €32k 2023: €31k
2018 → 2024
Total assets
€33k▼ 0.3%
2023 · €33k
2018: €17k 2019: €17k 2020: €26k 2021: €34k 2022: €34k 2023: €33k
2018 → 2024
Net result
€-2k▼ 78.7%
2023 · €-1k
2018: €3k 2019: €123 2020: €9k 2021: €9k 2022: €423 2023: €-1k
2018 → 2024
Working capital
€29k▼ 7.9%
2023 · €31k
2018: €-173 2019: €4k 2020: €16k 2021: €27k 2022: €30k 2023: €31k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€23k-€32k▲ 38.9%€32k▲ 1.3%€31k▼ 4.2%€29k▼ 7.9%
Operating result€8k-€8k▼ 0.6%€-596€-2k▼ 315%€-4k▼ 54.0%
Net result€9k-€9k▼ 1.0%€423▼ 95.3%€-1k€-2k▼ 78.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-5k€0€5k€10kOperating result 2020: €8k€8kNet result 2020: €9k€9kOperating result 2021: €8k€8kNet result 2021: €9k€9kOperating result 2022: €-596€-596Net result 2022: €423€423Operating result 2023: €-2k€-2kNet result 2023: €-1k€-1kOperating result 2024: €-4k€-4kNet result 2024: €-2k€-2k20202021202220232024
The operating result stays negative: a loss of €4k in 2024 against €2k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €33k
Equity €29k▼ 7.9%
Debt €4k▲ 115%
The debt ratio rises from 6.1% to 13.3%: debt grows while equity shrinks.
Key figures and ratios
2024 value · change against 2023
Solvency
86.7%
2023 · 93.9%
Current ratio
7.55
2023 · 16.28
Quick ratio
7.55
2023 · 16.28
Debt / equity
0.15
2023 · 0.07
ROE
-8.5%
2023 · -4.4%
ROA
-7.4%
2023 · -4.1%
Debt
€4k
2023 · €2k
Debt ≤ 1 year
€4k
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€33k€33k
Current assets29/58€33k€33k
Amounts receivable within one year40/41€27k€23k
Trade receivables40€1k€555
Other amounts receivable41€26k€22k
Cash at bank and in hand54/58€6k€10k
Deferred charges and accrued income490/1€197€204
Equity and liabilities
Total equity and liabilities10/49€33k€33k
Equity10/15€31k€29k
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€292€292=
Profit (loss) carried forward14€9k€6k
Amounts payable17/49€2k€4k
Amounts payable within one year42/48€2k€4k
Trade debts44€2k€3k
Suppliers440/4€2k€3k
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45-€0
Taxes450/3-€0
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8€719€864
Gross operating margin9900€635€-3k
Operating profit (loss)9901€-2k€-4k
Financial income75/76B€1k€1k
Recurring financial income75€1k€1k
Financial charges65/66B€37€49
Recurring financial charges65€37€49
Profit (loss) for the period before taxes9903€-1k€-2k
Profit (loss) for the period9904€-1k€-2k
Profit (loss) for the period to be appropriated9905€-1k€-2k
Appropriation of the result
Profit (loss) to be appropriated9906€9k€6k
Profit (loss) brought forward from the previous period14P€10k€9k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
22-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Liquidity doublescurrent ratio 14.65
Current ratio from 6.14 to 14.65; short-term debt falls from €3k to €2k.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial Highest result since 2018net €9k ▲7232%
Operating result €8k, net result €9k, both a record.
31-12
Financial Liquidity triplescurrent ratio 6.14
Current ratio from 2.31 to 6.14; short-term debt falls from €3k to €3k.
08-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial Liquidity doublescurrent ratio 2.31
Current ratio from 0.94 to 2.31.
07-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
14-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Knokke-Heist · 1 establishment unit since 1992
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Boomgaarden 628300 Knokke-Heist
Ground area
733 m²
Building footprint
177 m²
Volume, LiDAR
870 m³
Parcel 31039E0119/00D003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L'ARTISTE
Boomgaarden 62, 8300 Knokke-HeistNACE 52410
since 19922.058.502.029
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31039E0119/00D003 Flanders 733 m² 1 · 177 m² 8.0 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Knokke-Heist2.058.502.029
1 permission
Kamer met ontbijt · since 22-06-2018

Similar companies · same sector, comparable size

Of 683 companies in sector 46412 we hold annual accounts for 512. 267 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded15-05-1992
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
51410
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.