LINEA
ActiveSummary
LINEA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€64,132) and a net result of €47,841. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+92
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.34 in 2024; short-term debt: 171.9% and cash: 17.8% of total assets), and equity is negative.
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Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
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 2025Solvency, return and age of the figures
Solvency
-71.9%
Return on assets
53.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 18458 sector peers (2025).
NBB · sector comparisonPosition among 18458 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
14 d early
2023
33 d early
2022
37 d early
2021
2 d late
2020
2 d late
2019
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, micro schema
Equity
-€64,132▲ 42.7%
2024 · -€111,973
Total assets
€89,165▼ 9.2%
2024 · €98,186
Net result
€47,841
2024 · -€104,444
Working capital
-€82,836▲ 39.9%
2024 · -€137,800
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
Line20212022202320242025
Operating result-€14,448▼ 88.1%€24,033-€6,398-€89,703▼ 1,302%€62,321
Net result-€18,856▼ 106%€17,762-€15,734-€104,444▼ 564%€47,841
Equity-€9,557€8,205-€7,529-€111,973▼ 1,387%-€64,132▲ 42.7%
Total assets€137,414▲ 92.5%€152,261▲ 10.8%€112,194▼ 26.3%€98,186▼ 12.5%€89,165▼ 9.2%
Debt€146,971▲ 137%€144,056▼ 2.0%€119,723▼ 16.9%€210,159▲ 75.5%€153,297▼ 27.1%
Working capital-€45,435-€22,975▲ 49.4%-€37,770▼ 64.4%-€137,800▼ 265%-€82,836▲ 39.9%
Staff (FTE)4▲ 3,900%6.5▲ 62.5%7.8▲ 20.0%7.3▼ 6.4%6.4▼ 12.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €62,321 after a loss of €89,703 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,165
Fixed assets
€18,704 ▼ 34.2%
Current assets
€70,461 ▲ 1.0%
Key figures and ratios
EBITDA
€72,461▲
2024 · -€78,249
Cash flow
€57,982▲
2024 · -€92,990
Solvency
-71.9%▲
2024 · -114.0%
Current ratio
0.46▲
2024 · 0.34
Quick ratio
0.14▲
2024 · 0.11
Debt to equity
-2.39▼
2024 · -1.88
ROA
53.7%▲
2024 · -106.4%
Interest coverage
4.99▲
2024 · -5.31
Debt ≤ 1 year
€153,297▼
2024 · €207,554
Staff costs
€264,553▼
2024 · €311,298
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €127,575 | €197,217 | €268,994 | €311,298 | €264,553 | ▼ 15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,915 | €11,541 | €10,817 | €11,454 | €10,141 | ▼ 11.5% |
| Other operating charges640/8 | €3,080 | €2,008 | €2,559 | €2,725 | €2,562 | ▼ 6.0% |
| Gross operating margin9900 | €126,122 | €234,799 | €275,972 | €235,774 | €339,576 | ▲ 44.0% |
| Operating profit (loss)9901 | -€14,448 | €24,033 | -€6,398 | -€89,703 | €62,321 | ▲ 169% |
| Financial income75/76B | €10 | €0 | €3 | €1 | €29 | ▲ 2,428% |
| Recurring financial income75 | €10 | €0 | €3 | €1 | €29 | ▲ 2,428% |
| Financial charges65/66B | €4,417 | €6,271 | €9,339 | €14,742 | €14,509 | ▼ 1.6% |
| Recurring financial charges65 | €4,417 | €6,271 | €9,339 | €14,742 | €14,509 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | -€18,856 | €17,762 | -€15,734 | -€104,444 | €47,841 | ▲ 146% |
| Profit (loss) for the period9904 | -€18,856 | €17,762 | -€15,734 | -€104,444 | €47,841 | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | -€18,856 | €17,762 | -€15,734 | -€104,444 | €47,841 | ▲ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,414 | €152,261 | €112,194 | €98,186 | €89,165 | ▼ 9.2% |
| Fixed assets21/28 | €53,621 | €43,970 | €37,986 | €28,432 | €18,704 | ▼ 34.2% |
| Intangible fixed assets21 | €2,096 | €1,596 | €600 | - | - | - |
| Tangible fixed assets22/27 | €51,524 | €42,374 | €37,387 | €28,432 | €18,704 | ▼ 34.2% |
| Plant, machinery and equipment23 | €6,696 | €5,772 | €6,303 | €5,638 | €3,177 | ▼ 43.6% |
| Furniture and vehicles24 | €2,732 | €1,855 | €3,687 | €2,320 | €1,332 | ▼ 42.6% |
| Other tangible fixed assets26 | €42,097 | €34,746 | €27,396 | €20,474 | €14,195 | ▼ 30.7% |
| Current assets29/58 | €83,794 | €108,291 | €74,208 | €69,754 | €70,461 | ▲ 1.0% |
| Stocks and contracts in progress3 | €43,935 | €42,580 | €46,662 | €46,998 | €49,576 | ▲ 5.5% |
| Stocks30/36 | €43,935 | €42,580 | €46,662 | €46,998 | €49,576 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €18,285 | €38,281 | €7,579 | €19,053 | €557 | ▼ 97.1% |
| Trade receivables40 | €7,231 | €18,429 | €2,423 | €19,053 | €557 | ▼ 97.1% |
| Other amounts receivable41 | €11,055 | €19,852 | €5,155 | - | - | - |
| Cash at bank and in hand54/58 | €20,631 | €26,394 | €19,967 | €2,529 | €15,911 | ▲ 529% |
| Deferred charges and accrued income490/1 | €942 | €1,036 | - | €1,174 | €4,416 | ▲ 276% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,414 | €152,261 | €112,194 | €98,186 | €89,165 | ▼ 9.2% |
| Equity10/15 | -€9,557 | €8,205 | -€7,529 | -€111,973 | -€64,132 | ▲ 42.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Outside capital11 | - | €18,600 | - | - | - | - |
| Other1109/19 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€30,017 | -€12,255 | -€27,989 | -€132,433 | -€84,592 | ▲ 36.1% |
| Amounts payable17/49 | €146,971 | €144,056 | €119,723 | €210,159 | €153,297 | ▼ 27.1% |
| Amounts payable after more than one year17 | €17,742 | €12,790 | €7,745 | €2,606 | - | - |
| Financial debts170/4 | €17,742 | €12,790 | €7,745 | €2,606 | - | - |
| Amounts payable within one year42/48 | €129,229 | €131,266 | €111,978 | €207,554 | €153,297 | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | €4,861 | €4,952 | €5,045 | €5,139 | €2,606 | ▼ 49.3% |
| Trade debts44 | €64,867 | €70,016 | €50,405 | €105,938 | €63,541 | ▼ 40.0% |
| Suppliers440/4 | €64,867 | €70,016 | €50,405 | €105,938 | €63,541 | ▼ 40.0% |
| Taxes, remuneration and social security45 | €49,704 | €53,062 | €53,867 | €80,974 | €75,045 | ▼ 7.3% |
| Taxes450/3 | €14,383 | €18,487 | €20,381 | €21,992 | €23,909 | ▲ 8.7% |
| Remuneration and social security454/9 | €35,321 | €34,575 | €33,486 | €58,981 | €51,136 | ▼ 13.3% |
| Other amounts payable47/48 | €9,797 | €3,236 | €2,662 | €15,503 | €12,106 | ▼ 21.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,856 | €17,762 | -€15,734 | -€104,444 | €47,841 | ▲ 146% |
| + Depreciation and write-downs630 | €9,915 | €11,541 | €10,817 | €11,454 | €10,141 | ▼ 11.5% |
| Operating cash flow (approximation) | -€8,940 | €29,303 | -€4,917 | -€92,990 | €57,982 | ▲ 162% |
| Investment in fixed assets (approximation) | - | -€1,890 | -€4,833 | -€1,900 | -€412 | ▲ 78.3% |
| Change in cash | - | €5,763 | -€6,427 | -€17,438 | €13,382 | ▲ 177% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €47,841
Net result €47,841 after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€104,444
Net result drops to -€104,444, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17,762
Net result €17,762 after 2 loss-making years.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Back to profitnet €2,007
Net result €2,007 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2006
Ground area
169 m²
Building footprint
66 m²
Volume, LiDAR
962 m³
Parcel 21806F0294/00E007, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PIOLA.LIBRI
since 20062.156.689.783
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0294/00E007 | Brussels | 169 m² | 1 · 66 m² | 18.0 m · 5 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.156.689.783
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Of 2,474 companies in sector 47279 we hold annual accounts for 949. 527 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
Founded18-09-2006
Fiscal year end31-12
Trade name FR
PIOLA.LIBRI
Activities, NACEBEL 2025
47279Other retail sale of food
47610Retail trade
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.