LINE-UP DEVELOPMENT
ActiveSummary
LINE-UP DEVELOPMENT has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,019 and a net result of €12,369. Equity is growing by about 49% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, micro format
Turnover
€54,441▲ 1.4%
2024 · €53,702
EBIT margin
41.8%▼ 15.9pp
2024 · 57.7%
Net result
€12,369▼ 31.3%
2024 · €17,999
Working capital
-€238,642▼ 282%
2024 · -€62,521
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 27% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€54,441
2025
Operating result€22,778
2025
Net result€12,369
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€728,192
2025
Equity€49,019
2025
Debt€679,173
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€238,642
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin41.8%
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€34,312-€34,427▲ 0.3%€31,938▼ 7.2%€32,158▲ 0.7%€45,915▲ 42.8%€50,733▲ 10.5%€53,702▲ 5.9%€54,441▲ 1.4%
Operating result€10,869-€16,730▲ 53.9%€12,301▼ 26.5%€15,894▲ 29.2%€23,308▲ 46.6%€26,967▲ 15.7%€31,007▲ 15.0%€22,778▼ 26.5%
Net result€1,820-€8,332▲ 358%€4,579▼ 45.0%€8,635▲ 88.6%€14,739▲ 70.7%€19,010▲ 29.0%€17,999▼ 5.3%€12,369▼ 31.3%
EBIT margin31.7%-48.6%▲ 16.9pp38.5%▼ 10.1pp49.4%▲ 10.9pp50.8%▲ 1.3pp53.2%▲ 2.4pp57.7%▲ 4.6pp41.8%▼ 15.9pp
Equity-€49,044--€40,712▲ 17.0%-€23,733▲ 41.7%-€15,098▲ 36.4%-€359▲ 97.6%€18,651€36,650▲ 96.5%€49,019▲ 33.7%
Total assets€187,555-€182,439▼ 2.7%€164,564▼ 9.8%€155,367▼ 5.6%€307,869▲ 98.2%€301,488▼ 2.1%€290,461▼ 3.7%€728,192▲ 151%
Debt€236,599-€223,151▼ 5.7%€188,297▼ 15.6%€170,465▼ 9.5%€308,228▲ 80.8%€282,836▼ 8.2%€253,810▼ 10.3%€679,173▲ 168%
Working capital-€57,482--€53,560▲ 6.8%-€42,831▲ 20.0%-€40,363▲ 5.8%-€67,100▼ 66.2%-€65,933▲ 1.7%-€62,521▲ 5.2%-€238,642▼ 282%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €728,192
Fixed assets
€716,853 ▲ 156%
Current assets
€11,339 ▲ 13.1%
Equity and liabilities €728,192
Equity
€49,019 ▲ 33.7%
Debt
€679,173 ▲ 168%
Debt's share of the balance-sheet total rises from 87.4% to 93.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35,358▼
2024 · €43,587
Cash flow
€24,948▼
2024 · €30,579
Current ratio
0.05▼
2024 · 0.14
Debt to equity
13.86▲
2024 · 6.93
ROE
25.2%▼
2024 · 49.1%
ROA
1.7%▼
2024 · 6.2%
Interest coverage
5.66▼
2024 · 6.27
Debt ≤ 1 year
€249,981▲
2024 · €72,549
Debt > 1 year
€426,648▲
2024 · €179,721
Income taxes
€4,168▼
2024 · €6,053
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €34,312 | €34,427 | €31,938 | €32,158 | €45,915 | €50,733 | €53,702 | €54,441 | ▲ 1.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €6,537 | €7,813 | €6,537 | €15,576 | ▲ 138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,074 | €9,761 | €9,761 | €9,460 | €13,867 | €12,295 | €12,580 | €12,580 | = |
| Other operating charges640/8 | - | - | - | - | €2,592 | €3,658 | €3,578 | €3,777 | ▲ 5.6% |
| Gross operating margin9900 | €28,326 | €28,916 | €24,517 | €27,824 | €39,767 | €42,920 | €47,165 | €39,135 | ▼ 17.0% |
| Operating profit (loss)9901 | €10,869 | €16,730 | €12,301 | €15,894 | €23,308 | €26,967 | €31,007 | €22,778 | ▼ 26.5% |
| Financial charges65/66B | - | - | - | - | €8,569 | €7,956 | €6,955 | €6,242 | ▼ 10.3% |
| Recurring financial charges65 | €9,049 | €8,398 | €7,722 | €7,259 | €8,569 | €7,956 | €6,955 | €6,242 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €1,820 | €8,332 | €4,579 | €8,635 | €14,739 | €19,010 | €24,052 | €16,537 | ▼ 31.2% |
| Income taxes67/77 | - | - | - | - | - | - | €6,053 | €4,168 | ▼ 31.1% |
| Profit (loss) for the period9904 | €1,820 | €8,332 | €4,579 | €8,635 | €14,739 | €19,010 | €17,999 | €12,369 | ▼ 31.3% |
| Profit (loss) for the period to be appropriated9905 | €1,820 | €8,332 | €4,579 | €8,635 | €14,739 | €19,010 | €17,999 | €12,369 | ▼ 31.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €187,555 | €182,439 | €164,564 | €155,367 | €307,869 | €301,488 | €290,461 | €728,192 | ▲ 151% |
| Fixed assets21/28 | €177,436 | €167,675 | €157,914 | €148,454 | €301,570 | €293,012 | €280,433 | €716,853 | ▲ 156% |
| Tangible fixed assets22/27 | €177,436 | €167,675 | €157,914 | €148,454 | €301,570 | €293,012 | €280,433 | €267,853 | ▼ 4.5% |
| Land and buildings22 | - | - | - | - | €301,570 | €293,012 | €280,433 | €267,853 | ▼ 4.5% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €449,000 | - |
| Current assets29/58 | €10,119 | €14,764 | €6,650 | €6,913 | €6,299 | €8,476 | €10,028 | €11,339 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €2,697 | €9 | €9 | €9 | €9 | €9 | €9 | €1,070 | ▲ 11,784% |
| Trade receivables40 | - | - | - | - | €9 | €9 | €9 | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €1,070 | - |
| Cash at bank and in hand54/58 | €2,993 | €10,555 | €3,598 | €4,070 | €3,249 | €5,373 | €6,487 | €7,859 | ▲ 21.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,041 | €3,093 | €3,532 | €2,410 | ▼ 31.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €187,555 | €182,439 | €164,564 | €155,367 | €307,869 | €301,488 | €290,461 | €728,192 | ▲ 151% |
| Equity10/15 | -€49,044 | -€40,712 | -€23,733 | -€15,098 | -€359 | €18,651 | €36,650 | €49,019 | ▲ 33.7% |
| Contributions10/11 | €6,200 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€55,244 | -€46,912 | -€42,333 | -€33,698 | -€18,959 | €51 | €18,050 | €30,419 | ▲ 68.5% |
| Amounts payable17/49 | €236,599 | €223,151 | €188,297 | €170,465 | €308,228 | €282,836 | €253,810 | €679,173 | ▲ 168% |
| Amounts payable after more than one year17 | €168,368 | €153,680 | €138,284 | €122,146 | €233,797 | €207,266 | €179,721 | €426,648 | ▲ 137% |
| Financial debts170/4 | - | - | - | - | €233,797 | €207,266 | €179,721 | €426,648 | ▲ 137% |
| Amounts payable within one year42/48 | €67,601 | €68,324 | €49,481 | €47,276 | €73,399 | €74,409 | €72,549 | €249,981 | ▲ 245% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €25,559 | €28,509 | €29,596 | €54,201 | ▲ 83.1% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €1,053 | - | - |
| Taxes450/3 | - | - | - | - | - | - | €1,053 | - | - |
| Other amounts payable47/48 | - | - | - | - | €47,840 | €45,900 | €41,900 | €195,780 | ▲ 367% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,032 | €1,161 | €1,540 | €2,543 | ▲ 65.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,820 | €8,332 | €4,579 | €8,635 | €14,739 | €19,010 | €17,999 | €12,369 | ▼ 31.3% |
| + Depreciation and write-downs630 | €15,074 | €9,761 | €9,761 | €9,460 | €13,867 | €12,295 | €12,580 | €12,580 | = |
| Operating cash flow (approximation) | €16,894 | €18,093 | €14,340 | €18,095 | €28,606 | €31,306 | €30,579 | €24,948 | ▼ 18.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€166,983 | -€3,738 | €0 | -€449,000 | - |
| Change in cash | - | €7,562 | -€6,957 | €472 | -€821 | €2,124 | €1,113 | €1,372 | ▲ 23.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-06-2026 | 2026-00179992 |
| 31-12-2024 | micro format | 22-05-2025 | 2025-00107671 |
| 31-12-2023 | micro format | 23-05-2024 | 2024-00099062 |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00141373 |
| 31-12-2021 | full format | 10-03-2022 | 2022-07500427 |
| 31-12-2020 | full format | 28-07-2021 | 2021-44100129 |
| 31-12-2019 | full format | 18-09-2020 | 2020-54200051 |
| 31-12-2018 | full format | 14-08-2019 | 2019-47500086 |
| 31-12-2017 | full format | 30-07-2018 | 2018-39900500 |
| 31-12-2016 | full format | 03-07-2017 | 2017-26800245 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.