linea projects
ActiveSummary
linea projects has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227,375 and a net result of €187,501. Equity has been growing by about 33% per year since 2020. Its solvency ranks better than 85% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-08-2019 Normal situation
- Activity
- Development of non-residential building projects NACE 68122and 1 other
- Establishment unit
- 2.292.179.086 2920 Kalmthout, since 19-08-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 02-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €208,315
- ▲ 12×
- Turnover
- ≈ €370,000
- estimated
- Profit
- €187,501
- ▲ 242×
- Equity
- €227,375
- ▲ 470%
- Total assets
- €287,255
- ▼ 3.7%
- Staff
- ≈ 0.2 FTE
- estimated
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 2.84, cash €2,032, halvedSize: total assets €287,255lowers riskSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (NACE 68, micro). It does better than 91% of them on solvency, 46% on liquidity, 95% on profitability and 98% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 9 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-01-2026 PDF all 6 filings
Every figure per financial year
The operating result for 2025 is over 33 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-06-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
| Training hours | 2 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €193,572 | - | - |
| Financial fixed assets | €1,500 | €6,600 | - | €3,273 |
| Depreciation and write-downs of the year | - | €2,093 | €8,916 | €8,916 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2020 | 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 | €14,386 | €13,551 | €44,524 | €33,993 | €18,040 | €208,315 | ▲ 12× |
| Operating profit (loss)9901 | €4,215 | €13,996 | €22,279 | €11,676 | €5,730 | €190,156 | ▲ 33× |
| Financial income75/76B | - | - | - | - | - | €1,007 | - |
| Recurring financial income75 | €4 | - | - | - | - | €1,007 | - |
| Financial charges65/66B | - | - | €297 | €1,022 | €3,851 | €2,946 | ▼ 23.5% |
| Recurring financial charges65 | €2 | €7,467 | €297 | €1,022 | €3,851 | €2,946 | ▼ 23.5% |
| Profit (loss) for the period before taxes9903 | €4,216 | €6,529 | €21,981 | €10,654 | €1,879 | €188,217 | ▲ 100× |
| Income taxes67/77 | €1,328 | €1,231 | €3,687 | €3,038 | €1,103 | €716 | ▼ 35.1% |
| Profit (loss) for the period9904 | €2,889 | €5,298 | €18,294 | €7,616 | €776 | €187,501 | ▲ 242× |
| Profit (loss) for the period to be appropriated9905 | €2,889 | €5,298 | €18,294 | €7,616 | €776 | €187,501 | ▲ 242× |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €32,783 | €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 | €32,783 | €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 | €23,184 | €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 | €9,599 | €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 | €32,783 | €52,900 | €90,047 | €339,529 | €298,402 | €287,255 | ▼ 3.7% |
| Equity10/15 | €7,889 | €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 | €2,889 | €8,187 | €26,481 | €34,097 | €34,873 | €222,375 | ▲ 538% |
| Provisions and deferred taxes16 | €8,800 | - | - | - | - | - | - |
| Amounts payable17/49 | €16,094 | €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 | €16,094 | €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 | €9,571 | €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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,889 | €5,298 | €18,294 | €7,616 | €776 | €187,501 | ▲ 242× |
| + Depreciation and write-downs630 | - | - | - | €2,093 | €8,916 | €8,916 | = |
| Operating cash flow (approximation) | €2,889 | €5,298 | €18,294 | €9,709 | €9,692 | €196,417 | ▲ 20× |
| Investment in fixed assets (approximation) | - | - | - | -€200,172 | €0 | -€3,273 | - |
| Change in cash | - | -€3,179 | €21,766 | -€23,632 | €33,440 | -€35,962 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as linea projects has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of linea projects itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for linea projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00014326 | |
| 30-06-2024 | micro format | 20-01-2025 | 2025-00006692 | |
| 30-06-2023 | micro format | 08-02-2024 | 2024-00027916 | |
| 30-06-2022 | micro format | 27-01-2023 | 2023-00005971 | |
| 30-06-2021 | micro format | 24-12-2021 | 2021-81500301 | |
| 30-06-2020 | micro format | 26-01-2021 | 2021-01600280 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
linea projects shares no director with another company.
Companies at the same address
4 other companies- ACF RENO Registered office · since 2026 1032917861
- Miechielssens, Birgit (sole trader) Establishment · since 2024 0563419847
- ACRSolutions Registered office · since 2016 0651644812
- Vereniging van Mede-eigenaars van het gebouw te 2900 Schoten, Paalstraat 4, thans volgens wijzigende BA Sint-Cordulastraat 1 Registered office · since 2001 0837047741
Connections & network
1 current directorThe network starts from the directors of linea projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-10
Gazette deed
Registered office moved from Kalmthout to SchotenNew seat: Sint-Cordulastraat 1 bus 2, 2900 Schoten · Previous seat: Beauvoislaan 108, 2920 Kalmthout · Permanent representative: Dieter De Bock3 points ▸
- Board meeting, 01-10-2025
- Registered-office move, Sint-Cordulastraat 1 bus 2,2900 Schoten
- Permanent representative, Dieter De Bock (vaste vertegenwoordiger van een bestuurder rechtspersoon)
21-10
Gazette deed
Registered office moved from Schoten to KalmthoutNew seat: Beauvoislaan 108, 2920 Kalmthout · Previous seat: Churchiillaan 31, 2900 Schoten2 points ▸
- Board meeting, 01-10-2022
- Registered-office move, Beauvoislaan 108, 2920 Kalmthout
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- Beauvoislaan 108, 2920 Kalmthout until 01-10-2025 · act of 24-10-2025
- Churchiillaan 31, 2900 Schoten until 01-10-2022 · act of 21-10-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0732.645.552
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11662E0558/00A000 | Flanders | 1,894 m² | 1 · 258 m² | 18.7 m · 1 |
| 11442C0164/00Y000 | Flanders | 238 m² | 1 · 113 m² | 12.0 m · 3 |