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LINE-UP DEVELOPMENT

Active
Private limited companyfounded 2009active for 17 yearsRue de la Balastière,Ste-Marie 4, 6740 Etalle, BelgiumKBO/BCE: BE 0808.820.048

From the official registers: KBO 17 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

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).

Overview

Official details

KBO
Status
Active since 05-01-2009 Normal situation
Legal form
Private limited company
Registered office
Rue de la Balastière,Ste-Marie 4, 6740 Etalle
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Who decides

Board
  • LOOTVOET CédricDirector

How it is doing

84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Turnover
€54,441
▲ 1.4%
Profit
€12,369
▼ 31.3%
Equity
€49,019
▲ 33.7%
Total assets
€728,192
▲ 151%
2025 accounts 43 days early
Filed on 18-06-2026at the National Bank
Why 84raises riskNo registered site in the KBOLiquidity: current ratio 0.05, cash €7,859lowers riskSize: turnover €54,441, total assets €728,192Founded in 2009Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Average
Solvency 32-6
equity 6.7% of total assets
Liquidity 36-7
short-term debt 34.3% · cash 1.1%
Profitability 79-5
return on assets 1.7%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.6%▲ +0.1 percentage points vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025highest value 06-2025: 0.4%▼ -0.2 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.5%▲ +0.1 percentage points vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.3%▼ -0.2 percentage points vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.05, compared with 0.14 in 2024, below 1; short-term debt: 34.3% and cash: 1.1% of total assets), and 93.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 20% on solvency, 20% on liquidity, 61% on profitability and 69% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €54,441, total assets €728,192
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · No registered site in the KBO
KBO · seat and establishments
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 0.05, cash €7,859
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
70 days early
2023
69 days early
2022
45 days early
2021
143 days early
2020
3 days early
2019
49 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 46 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

View at the NBB
Financial year ended
31-12-2025
Filed on
18-06-2026
Format
micro format
Reference
2026-00179992
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

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
2025 value · change against 2024
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Source: Annual accounts 2025 at the NBB, filed with the National Bank on 18-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€290,461€728,192▲
Fixed assets21/28€280,433€716,853▲
Tangible fixed assets22/27€280,433€267,853▼
Land and buildings22€280,433€267,853▼
Financial fixed assets28-€449,000
Current assets29/58€10,028€11,339▲
Amounts receivable within one year40/41€9€1,070▲
Trade receivables40€9-
Other amounts receivable41-€1,070
Cash at bank and in hand54/58€6,487€7,859▲
Deferred charges and accrued income490/1€3,532€2,410▼
Equity and liabilities
Total equity and liabilities10/49€290,461€728,192▲
Equity10/15€36,650€49,019▲
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14€18,050€30,419▲
Amounts payable17/49€253,810€679,173▲
Amounts payable after more than one year17€179,721€426,648▲
Financial debts170/4€179,721€426,648▲
Amounts payable within one year42/48€72,549€249,981▲
Current portion of amounts payable after more than one year42€29,596€54,201▲
Taxes, remuneration and social security45€1,053-
Taxes450/3€1,053-
Other amounts payable47/48€41,900€195,780▲
Accrued charges and deferred income492/3€1,540€2,543▲
Income statement Code20242025
Turnover70€53,702€54,441▲
Goods, raw materials, services and sundry goods60/61€6,537€15,576▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,580€12,580=
Other operating charges640/8€3,578€3,777▲
Gross operating margin9900€47,165€39,135▼
Operating profit (loss)9901€31,007€22,778▼
Financial charges65/66B€6,955€6,242▼
Recurring financial charges65€6,955€6,242▼
Profit (loss) for the period before taxes9903€24,052€16,537▼
Income taxes67/77€6,053€4,168▼
Profit (loss) for the period9904€17,999€12,369▼
Profit (loss) for the period to be appropriated9905€17,999€12,369▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,050€30,419▲
Profit (loss) brought forward from the previous period14P€51€18,050▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the accounts filed with the National Bank.

Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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▲ 119×
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%
Line20182019202020212022202320242025Change
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.

Download as CSV

Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 18-06-2026 2026-00179992 NBB
31-12-2024 micro format 22-05-2025 2025-00107671 PDF
31-12-2023 micro format 23-05-2024 2024-00099062 PDF
31-12-2022 micro format 16-06-2023 2023-00141373 PDF
31-12-2021 full format 10-03-2022 2022-07500427 PDF
31-12-2020 full format 28-07-2021 2021-44100129 PDF
31-12-2019 full format 18-09-2020 2020-54200051 PDF
31-12-2018 full format 14-08-2019 2019-47500086 PDF
31-12-2017 full format 30-07-2018 2018-39900500 PDF
31-12-2016 full format 03-07-2017 2017-26800245 PDF

Show all 17 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director
LOOTVOET Cédric
Director · in the 2025 annual accounts, filed on 18-06-2026
Current

Mandate history

1 person, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
LOOTVOET Cédric
  • Director, since before 31-12-2025
See the board, name and registered office on a given date →

Owners and capital

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 5 January 2009, LINE-UP DEVELOPMENT was incorporated.1 Turnover went from €34,312 in 2018 to €54,441 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
18-06
NBB filing Annual accounts filedNBB
financial year 2025 · micro format
2025
22-05
NBB filing Annual accounts filedPDF
financial year 2024 · micro format
2024
23-05
NBB filing Annual accounts filedPDF
financial year 2023 · micro format
2023
31-12
Financial Highest result from 2018 to 2025net €19,010 ▲29%
Net result €19,010, the highest in the series.
16-06
NBB filing Annual accounts filedPDF
financial year 2022 · micro format
2022
10-03
NBB filing Annual accounts filedPDF
financial year 2021 · full format
2021
28-07
NBB filing Annual accounts filedPDF
financial year 2020 · full format
2020
18-09
NBB filing Annual accounts filedPDF
financial year 2019 · full format · 49 days late
2019
14-08
NBB filing Annual accounts filedPDF
financial year 2018 · full format · 14 days late
2018
30-07
NBB filing Annual accounts filedPDF
financial year 2017 · full format
2017
03-07
NBB filing Annual accounts filedPDF
financial year 2016 · full format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

Register details

Who it is

KBO record
Name LINE-UP DEVELOPMENT in French
Enterprise number 0808.820.048
Legal form Private limited company
Status Active, normale toestand
Founded 05-01-2009
Type Legal entity

Where it is based

Registered office Rue de la Balastière,Ste-Marie 4, 6740 Etalle, Belgium
E-mail cedriclootvoet@yahoo.fr

Invoicing and payment

VAT number BE 0808.820.048
E-invoicing via Peppol
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 31 October 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Registered office and establishments
exact location from the address register On OpenStreetMap

Buildings and parcels at the address

Ground area
1,258 m²
Building footprint
214 m²
Building volume
847 m³
Parcel 85033A1521/00N000, Wallonia · tallest building 4.8 m.
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
85033A1521/00N000 Wallonia 1,258 m² 1 · 214 m² 4.8 m · 1