linea projects
ActiveSummary
linea projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227,375 and a net result of €187,501. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+49
Solvency100▲+62
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.84 against 0.47 in 2024; short-term debt: 12.5% and cash: 0.7% of total assets), and 20.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.2%
Return on assets
65.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
4 d early
2024
11 d early
2023
8 d late
2022
4 d early
2021
38 d early
2020
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€227,375▲ 470%
2024 · €39,873
Total assets
€287,255▼ 3.7%
2024 · €298,402
Net result
€187,501▲ 24,059%
2024 · €776
Working capital
€66,297
2024 · -€120,946
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€13,996▲ 232%€22,279▲ 59.2%€11,676▼ 47.6%€5,730▼ 50.9%€190,156▲ 3,219%
Net result€5,298▲ 83.4%€18,294▲ 245%€7,616▼ 58.4%€776▼ 89.8%€187,501▲ 24,059%
Equity€13,187▲ 67.2%€31,481▲ 139%€39,097▲ 24.2%€39,873▲ 2.0%€227,375▲ 470%
Total assets€52,900▲ 61.4%€90,047▲ 70.2%€339,529▲ 277%€298,402▼ 12.1%€287,255▼ 3.7%
Debt€39,713▲ 147%€58,565▲ 47.5%€300,432▲ 413%€258,528▼ 13.9%€59,880▼ 76.8%
Working capital€13,187▼ 21.0%€29,981▲ 127%-€127,727-€120,946▲ 5.3%€66,297
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +24,059%, Equity +470% on 2024. Cause not known from the registers.
- 2023 Total assets +277% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3,219% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €287,255
Fixed assets
€185,021 ▼ 3.0%
Current assets
€102,235 ▼ 5.1%
Equity and liabilities €287,255
Equity
€227,375 ▲ 470%
Debt
€59,880 ▼ 76.8%
Debt's share of the balance-sheet total falls from 86.6% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€199,072▲
2024 · €14,646
Cash flow
€196,417▲
2024 · €9,692
Current ratio
2.84▲
2024 · 0.47
Debt to equity
0.26▼
2024 · 6.48
ROE
82.5%▲
2024 · 1.9%
ROA
65.3%▲
2024 · 0.3%
Interest coverage
67.57▲
2024 · 3.80
Debt ≤ 1 year
€35,938▼
2024 · €228,685
Debt > 1 year
€23,943▼
2024 · €29,844
Income taxes
€716▼
2024 · €1,103
Staff costs
€5,652▲
2024 · €1,918
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €20,723 | €658 | €1,918 | €5,652 | ▲ 195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,093 | €8,916 | €8,916 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €18,191 | €0 | - | - |
| Other operating charges640/8 | - | €1,522 | €1,374 | €1,476 | €3,591 | ▲ 143% |
| Gross operating margin9900 | €13,551 | €44,524 | €33,993 | €18,040 | €208,315 | ▲ 1,055% |
| Operating profit (loss)9901 | €13,996 | €22,279 | €11,676 | €5,730 | €190,156 | ▲ 3,219% |
| Financial income75/76B | - | - | - | - | €1,007 | - |
| Recurring financial income75 | - | - | - | - | €1,007 | - |
| Financial charges65/66B | - | €297 | €1,022 | €3,851 | €2,946 | ▼ 23.5% |
| Recurring financial charges65 | €7,467 | €297 | €1,022 | €3,851 | €2,946 | ▼ 23.5% |
| Profit (loss) for the period before taxes9903 | €6,529 | €21,981 | €10,654 | €1,879 | €188,217 | ▲ 9,918% |
| Income taxes67/77 | €1,231 | €3,687 | €3,038 | €1,103 | €716 | ▼ 35.1% |
| Profit (loss) for the period9904 | €5,298 | €18,294 | €7,616 | €776 | €187,501 | ▲ 24,059% |
| Profit (loss) for the period to be appropriated9905 | €5,298 | €18,294 | €7,616 | €776 | €187,501 | ▲ 24,059% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,900 | €90,047 | €339,529 | €298,402 | €287,255 | ▼ 3.7% |
| Fixed assets21/28 | - | €1,500 | €199,579 | €190,663 | €185,021 | ▼ 3.0% |
| Tangible fixed assets22/27 | - | - | €191,479 | €182,563 | €173,648 | ▼ 4.9% |
| Land and buildings22 | - | - | €165,977 | €162,176 | €158,374 | ▼ 2.3% |
| Furniture and vehicles24 | - | - | €25,502 | €20,388 | €15,273 | ▼ 25.1% |
| Financial fixed assets28 | - | €1,500 | €8,100 | €8,100 | €11,373 | ▲ 40.4% |
| Current assets29/58 | €52,900 | €88,547 | €139,950 | €107,739 | €102,235 | ▼ 5.1% |
| Stocks and contracts in progress3 | - | - | €76,338 | €9,550 | €0 | ▼ 100% |
| Contracts in progress37 | - | - | €76,338 | €9,550 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €45,366 | €58,482 | €59,058 | €60,195 | €100,203 | ▲ 66.5% |
| Trade receivables40 | - | €58,482 | €54,947 | €55,259 | €65,760 | ▲ 19.0% |
| Other amounts receivable41 | - | - | €4,111 | €4,936 | €34,443 | ▲ 598% |
| Cash at bank and in hand54/58 | €6,420 | €28,186 | €4,555 | €37,994 | €2,032 | ▼ 94.7% |
| Deferred charges and accrued income490/1 | - | €1,879 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,900 | €90,047 | €339,529 | €298,402 | €287,255 | ▼ 3.7% |
| Equity10/15 | €13,187 | €31,481 | €39,097 | €39,873 | €227,375 | ▲ 470% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €8,187 | €26,481 | €34,097 | €34,873 | €222,375 | ▲ 538% |
| Amounts payable17/49 | €39,713 | €58,565 | €300,432 | €258,528 | €59,880 | ▼ 76.8% |
| Amounts payable after more than one year17 | - | - | €32,754 | €29,844 | €23,943 | ▼ 19.8% |
| Financial debts170/4 | - | - | €32,754 | €29,844 | €23,943 | ▼ 19.8% |
| Amounts payable within one year42/48 | €39,713 | €58,565 | €267,677 | €228,685 | €35,938 | ▼ 84.3% |
| Current portion of amounts payable after more than one year42 | - | - | €6,688 | €5,194 | €5,457 | ▲ 5.1% |
| Financial debts43 | - | - | - | - | €20,000 | - |
| Credit institutions430/8 | - | - | - | - | €20,000 | - |
| Trade debts44 | €37,111 | €19,751 | €24,305 | €9,870 | €5,228 | ▼ 47.0% |
| Suppliers440/4 | - | €19,751 | €24,305 | €9,870 | €5,228 | ▼ 47.0% |
| Advances received on contracts in progress46 | - | €24,569 | €24,569 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €6,831 | €15,605 | €26,258 | €5,252 | ▼ 80.0% |
| Taxes450/3 | - | €6,831 | €3,438 | €1,736 | €5,252 | ▲ 203% |
| Remuneration and social security454/9 | - | - | €12,168 | €24,522 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €7,415 | €196,510 | €187,362 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,298 | €18,294 | €7,616 | €776 | €187,501 | ▲ 24,059% |
| + Depreciation and write-downs630 | - | - | €2,093 | €8,916 | €8,916 | = |
| Operating cash flow (approximation) | €5,298 | €18,294 | €9,709 | €9,692 | €196,417 | ▲ 1,927% |
| Investment in fixed assets (approximation) | - | - | -€200,172 | €0 | -€3,273 | - |
| Change in cash | - | €21,766 | -€23,632 | €33,440 | -€35,962 | ▼ 208% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2020net €187,501 ▲24,059%
Operating result €190,156, net result €187,501, both a record.
30-06
Financial
Liquidity times 6current ratio 2.84
Current ratio from 0.47 to 2.84; short-term debt falls from €228,685 to €35,938.
30-06
Financial
Equity above €200,000Eq €227,375 ▲470%
6 profitable years in a row build equity to €227,375.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €776 ▼89.8%
Net result drops to €776, the lowest in the series; recovery starts the following year.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Schoten · 1 establishment unit since 2019
Ground area
2,132 m²
Building footprint
370 m²
Volume, LiDAR
2,343 m³
2 parcels, Flanders · tallest building 18.7 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
LINEA PROJECTS
since 20192.292.179.086
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0558/00A000 | Flanders | 1,894 m² | 1 · 258 m² | 18.7 m · 1 fl. |
| 11442C0164/00Y000 | Flanders | 238 m² | 1 · 113 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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BE 0753.673.370
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GRONDIG PROJECTBOUW
BE 0667.863.311
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ADEMAIN
BE 0843.923.853
Retie · Eq €222,962
AEDIFICIOS
BE 0862.602.687
Ternat · Eq €222,866
Of 1,294 companies in sector 68122 we hold annual accounts for 903. 598 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
Founded19-08-2019
Fiscal year end30-06
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732645552
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.