LINEA RECTA
ActiveSummary
LINEA RECTA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,816 and a net result of -€17,081. Equity is shrinking by ~8.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-32
Solvency52▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.34 in 2024; short-term debt: 50.8% and cash: 13% of total assets), and 72.8% 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
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
27.2%
Return on assets
-4.3%
Age of the figures
13 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 30-03-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
61 d late
2022
22 d early
2021
1 d early
2020
1 d early
2019
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close27-09-2026 today31-03-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€108,816▼ 13.6%
2024 · €125,897
Total assets
€400,199▼ 9.6%
2024 · €442,821
Net result
-€17,081
2024 · €62,275
Working capital
-€149,878▼ 5.5%
2024 · -€142,127
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-€7,309▲ 7.5%-€9,176▼ 25.5%-€3,019▲ 67.1%-€13,533▼ 348%-€15,875▼ 17.3%
Net result-€10,291▲ 8.7%-€11,658▼ 13.3%-€5,660▲ 51.4%€62,275-€17,081
Equity€80,940▼ 11.3%€69,282▼ 14.4%€63,622▼ 8.2%€125,897▲ 97.9%€108,816▼ 13.6%
Total assets€347,258▼ 3.7%€417,257▲ 20.2%€397,030▼ 4.8%€442,821▲ 11.5%€400,199▼ 9.6%
Debt€266,318▼ 1.1%€347,975▲ 30.7%€333,408▼ 4.2%€316,924▼ 4.9%€291,383▼ 8.1%
Working capital-€119,894▼ 11.1%-€216,107▼ 80.2%-€206,220▲ 4.6%-€142,127▲ 31.1%-€149,878▼ 5.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,875 in 2025 against €13,533 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400,199
Fixed assets
€346,830 ▼ 6.5%
Current assets
€53,369 ▼ 25.8%
Equity and liabilities €400,199
Equity
€108,816 ▼ 13.6%
Debt
€291,383 ▼ 8.1%
Debt's share of the balance-sheet total rises from 71.6% to 72.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8,238▼
2024 · €11,865
Cash flow
€7,033▼
2024 · €87,674
Current ratio
0.26▼
2024 · 0.34
Debt to equity
2.68▲
2024 · 2.52
ROE
-15.7%▼
2024 · 49.5%
ROA
-4.3%▼
2024 · 14.1%
Interest coverage
3.94▼
2024 · 5.05
Debt ≤ 1 year
€203,247▼
2024 · €214,005
Debt > 1 year
€88,135▼
2024 · €100,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 2,448 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,141 | €33,965 | €27,697 | €25,398 | €24,113 | ▼ 5.1% |
| Other operating charges640/8 | - | €2,880 | €3,081 | €13,533 | €2,099 | ▼ 84.5% |
| Gross operating margin9900 | €23,625 | €27,668 | €27,759 | €25,398 | €10,337 | ▼ 59.3% |
| Operating profit (loss)9901 | -€7,309 | -€9,176 | -€3,019 | -€13,533 | -€15,875 | ▼ 17.3% |
| Financial income75/76B | - | €308 | - | €78,165 | €883 | ▼ 98.9% |
| Recurring financial income75 | €0 | €308 | - | €765 | €883 | ▲ 15.5% |
| Non-recurring financial income76B | - | - | - | €77,400 | - | - |
| Financial charges65/66B | - | €2,790 | €2,641 | €2,352 | €2,089 | ▼ 11.2% |
| Recurring financial charges65 | €2,982 | €2,790 | €2,641 | €2,352 | €2,089 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | -€10,291 | -€11,658 | -€5,660 | €62,280 | -€17,081 | ▼ 127% |
| Income taxes67/77 | - | - | - | €4 | - | - |
| Profit (loss) for the period9904 | -€10,291 | -€11,658 | -€5,660 | €62,275 | -€17,081 | ▼ 127% |
| Profit (loss) for the period to be appropriated9905 | -€10,291 | -€11,658 | -€5,660 | €62,275 | -€17,081 | ▼ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €347,258 | €417,257 | €397,030 | €442,821 | €400,199 | ▼ 9.6% |
| Fixed assets21/28 | €343,569 | €412,690 | €384,993 | €370,944 | €346,830 | ▼ 6.5% |
| Tangible fixed assets22/27 | €343,321 | €412,442 | €384,745 | €370,696 | €346,582 | ▼ 6.5% |
| Land and buildings22 | - | €412,442 | €384,745 | €370,696 | €346,582 | ▼ 6.5% |
| Financial fixed assets28 | €248 | €248 | €248 | €248 | €248 | = |
| Current assets29/58 | €3,689 | €4,567 | €12,037 | €71,878 | €53,369 | ▼ 25.8% |
| Amounts receivable within one year40/41 | - | - | - | - | €482 | - |
| Other amounts receivable41 | - | - | - | - | €482 | - |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €3,689 | €4,567 | €12,037 | €20,648 | €51,982 | ▲ 152% |
| Deferred charges and accrued income490/1 | - | - | - | €1,230 | €905 | ▼ 26.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €347,258 | €417,257 | €397,030 | €442,821 | €400,199 | ▼ 9.6% |
| Equity10/15 | €80,940 | €69,282 | €63,622 | €125,897 | €108,816 | ▼ 13.6% |
| Contributions10/11 | - | €143,950 | €143,950 | €143,600 | €143,600 | = |
| Reserves13 | €387 | €387 | €387 | €737 | €737 | = |
| Distributable reserves133 | - | €387 | €387 | €737 | €737 | = |
| Profit (loss) carried forward14 | -€63,397 | -€75,056 | -€80,716 | -€18,440 | -€35,521 | ▼ 92.6% |
| Amounts payable17/49 | €266,318 | €347,975 | €333,408 | €316,924 | €291,383 | ▼ 8.1% |
| Amounts payable after more than one year17 | €141,115 | €127,302 | €113,902 | €100,170 | €88,135 | ▼ 12.0% |
| Financial debts170/4 | - | €127,302 | €113,902 | €100,170 | €88,135 | ▼ 12.0% |
| Amounts payable within one year42/48 | €123,583 | €220,673 | €218,257 | €214,005 | €203,247 | ▼ 5.0% |
| Current portion of amounts payable after more than one year42 | - | €13,202 | €13,454 | €13,732 | €12,034 | ▼ 12.4% |
| Trade debts44 | €2,628 | €1,579 | €2,270 | €1,492 | €1,080 | ▼ 27.6% |
| Suppliers440/4 | - | €1,579 | €2,270 | €1,492 | €1,080 | ▼ 27.6% |
| Other amounts payable47/48 | - | €205,892 | €202,533 | €198,781 | €190,133 | ▼ 4.4% |
| Accrued charges and deferred income492/3 | - | - | €1,250 | €2,750 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,291 | -€11,658 | -€5,660 | €62,275 | -€17,081 | ▼ 127% |
| + Depreciation and write-downs630 | €28,141 | €33,965 | €27,697 | €25,398 | €24,113 | ▼ 5.1% |
| Operating cash flow (approximation) | €17,850 | €22,306 | €22,037 | €87,674 | €7,033 | ▼ 92.0% |
| Investment in fixed assets (approximation) | - | -€103,085 | €0 | -€11,349 | €0 | ▲ 100% |
| Change in cash | - | €878 | €7,470 | €8,611 | €31,334 | ▲ 264% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
Financial
Weakest financial yearnet -€17,081
Net result drops to -€17,081, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Back to profitnet €62,275
Net result €62,275 after 5 loss-making years.
31-08
Financial
Equity above €100,000Eq €125,897 ▲97.9%
Equity rises from €63,622 to €125,897.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen
Ground area
149 m²
Building footprint
77 m²
Volume, LiDAR
549 m³
Parcel 11303B0512/00V002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0512/00V002indicative | Flanders | 149 m² | 1 · 77 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded21-08-1990
Fiscal year end31-08
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441758388
Registered
11-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.