LINE CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of LINE CONCEPT is 2.3% (moderate). The 2024 annual accounts show equity of €41k and a net result of €444. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 7445 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-18
Solvency58▼-22
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.97 in 2023; short-term debt: 47.4% and cash: 29.3% of total assets), and 66.6% 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.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
33.4%
Return on assets
0.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
69 d early
2022
49 d early
2021
142 d early
2020
149 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€41k▲ 1.1%
2023 · €41k
Total assets
€124k▲ 66.7%
2023 · €75k
Net result
€444▼ 94.4%
2023 · €8k
Working capital
€24k▼ 24.7%
2023 · €32k
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€5k-€7k▲ 37.3%€9k▲ 36.9%€11k▲ 21.9%€5k▼ 53.2%
Net result€3k-€5k▲ 71.7%€6k▲ 28.6%€8k▲ 22.6%€444▼ 94.4%
Equity€22k-€27k▲ 23.4%€33k▲ 24.4%€41k▲ 24.0%€41k▲ 1.1%
Total assets€70k-€87k▲ 24.4%€85k▼ 1.7%€75k▼ 12.6%€124k▲ 66.7%
Debt€48k-€60k▲ 24.8%€52k▼ 13.3%€33k▼ 35.8%€83k▲ 147%
Working capital€19k-€20k▲ 7.8%€29k▲ 44.8%€32k▲ 9.7%€24k▼ 24.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €123k
Fixed assets
€40k ▲ 459%
Current assets
€83k ▲ 27.4%
Equity and liabilities €124k
Equity
€41k ▲ 1.1%
Debt
€83k ▲ 147%
Debt's share of the balance-sheet total rises from 44.9% to 66.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2023 · €15k
Cash flow
€11k▲
2023 · €11k
Current ratio
1.41▼
2023 · 1.97
Quick ratio
1.08▼
2023 · 1.37
Debt to equity
2.00▲
2023 · 0.82
ROE
1.1%▼
2023 · 19.4%
ROA
0.4%▼
2023 · 10.7%
Interest coverage
5.33▼
2023 · 82.54
Debt ≤ 1 year
€59k▲
2023 · €33k
Debt > 1 year
€24k
Income taxes
€2k▼
2023 · €3k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €3k | €3k | €11k | ▲ 225% |
| Other operating charges640/8 | - | - | €198 | €542 | €1k | ▲ 161% |
| Gross operating margin9900 | €6k | €9k | €12k | €15k | €18k | ▲ 15.5% |
| Operating profit (loss)9901 | €5k | €7k | €9k | €11k | €5k | ▼ 53.2% |
| Financial income75/76B | - | - | - | €2 | - | - |
| Recurring financial income75 | €107 | €10 | - | €2 | - | - |
| Financial charges65/66B | - | - | €184 | €179 | €3k | ▲ 1,605% |
| Recurring financial charges65 | €1 | €154 | €184 | €179 | €3k | ▲ 1,605% |
| Profit (loss) for the period before taxes9903 | €5k | €7k | €9k | €11k | €2k | ▼ 79.7% |
| Income taxes67/77 | €2k | €2k | €3k | €3k | €2k | ▼ 43.6% |
| Profit (loss) for the period9904 | €3k | €5k | €6k | €8k | €444 | ▼ 94.4% |
| Profit (loss) for the period to be appropriated9905 | €3k | €5k | €6k | €8k | €444 | ▼ 94.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70k | €87k | €85k | €75k | €124k | ▲ 66.7% |
| Formation expenses20 | €2k | €1k | €370 | €2k | €2k | ▼ 28.8% |
| Fixed assets21/28 | €994 | €5k | €3k | €7k | €40k | ▲ 459% |
| Tangible fixed assets22/27 | €994 | €5k | €3k | €7k | €40k | ▲ 459% |
| Plant, machinery and equipment23 | - | - | €3k | €1k | €11k | ▲ 673% |
| Furniture and vehicles24 | - | - | €534 | €6k | €29k | ▲ 406% |
| Current assets29/58 | €67k | €80k | €81k | €65k | €83k | ▲ 27.4% |
| Stocks and contracts in progress3 | €23k | €22k | €20k | €20k | €20k | = |
| Stocks30/36 | - | - | €20k | €20k | €20k | = |
| Amounts receivable within one year40/41 | €39k | €52k | €50k | €31k | €20k | ▼ 36.5% |
| Trade receivables40 | - | - | €46k | €30k | €16k | ▼ 44.7% |
| Other amounts receivable41 | - | - | €3k | €1k | €3k | ▲ 136% |
| Cash at bank and in hand54/58 | €863 | €4k | €9k | €5k | €36k | ▲ 629% |
| Deferred charges and accrued income490/1 | - | - | €3k | €10k | €7k | ▼ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70k | €87k | €85k | €75k | €124k | ▲ 66.7% |
| Equity10/15 | €22k | €27k | €33k | €41k | €41k | ▲ 1.1% |
| Contributions10/11 | - | - | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €3k | €8k | €14k | €22k | €23k | ▲ 2.0% |
| Amounts payable17/49 | €48k | €60k | €52k | €33k | €83k | ▲ 147% |
| Amounts payable after more than one year17 | - | - | - | - | €24k | - |
| Financial debts170/4 | - | - | - | - | €24k | - |
| Amounts payable within one year42/48 | €48k | €60k | €52k | €33k | €59k | ▲ 77.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7k | - |
| Trade debts44 | €43k | €54k | €49k | €30k | €47k | ▲ 56.9% |
| Suppliers440/4 | - | - | €49k | €30k | €47k | ▲ 56.9% |
| Taxes, remuneration and social security45 | - | - | €3k | €3k | €5k | ▲ 56.4% |
| Taxes450/3 | - | - | €3k | €3k | €5k | ▲ 56.4% |
| Other amounts payable47/48 | - | - | - | - | €440 | - |
| Accrued charges and deferred income492/3 | - | - | - | €361 | €100 | ▼ 72.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €5k | €6k | €8k | €444 | ▼ 94.4% |
| + Depreciation and write-downs630 | €1k | €2k | €3k | €3k | €11k | ▲ 225% |
| Operating cash flow (approximation) | €4k | €7k | €9k | €11k | €11k | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | €-7k | €-715 | €-7k | €-43k | ▼ 521% |
| Change in cash | - | €3k | €6k | €-4k | €31k | ▲ 805% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €444 ▼94.4%
Net result drops to €444, the lowest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €8k ▲22.6%
Operating result €11k, net result €8k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Dentergem · 1 establishment unit since 2019
Ground area
3,270 m²
Building footprint
233 m²
Parcel 37002A0608/00R003, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Line Concept
since 20192.287.229.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37002A0608/00R003 | Flanders | 3,270 m² | 1 · 233 m² | 0.0 m |
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.
Similar companies · same sector, comparable size
Carbonelle
BE 0741.643.291
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ALCOTEC
BE 0630.615.014
Schoten · Eq €42,260
KOZAN BOUW
BE 0732.940.908
Lokeren · Eq €38,567
Déco Conseil
BE 0797.126.994
Messancy · Eq €37,803
MDV Design
BE 0739.786.039
Lasne · Eq €37,794
Of 153 companies in sector 43342 we hold annual accounts for 67. 49 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
Founded26-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43342Specialised construction activities
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.