LINEA VERDE
ActiveSummary
LINEA VERDE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €-78k. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 11% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▲+7
Solvency33▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.76 against 0.96 in 2024; short-term debt: 76.2% and cash: 4.6% of total assets), and 91.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-78k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
29 d late
2022
28 d late
2021
25 d late
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-78k▲ 38.6%
2024 · €-126k
2018: €6k
2019: €-21k
2020: €-3k
2021: €6k
2022: €-7k
2023: €-108k
2024: €-126k
2018 → 2025
Working capital
€-208k▼ 516%
2024 · €-34k
2018: €106k
2019: €42k
2020: €-19k
2021: €222k
2022: €92k
2023: €26k
2024: €-34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€413k-€406k▼ 1.7%€298k▼ 26.6%€171k▼ 42.4%€94k▼ 45.3%
Operating result€114k-€42k▼ 62.7%€-56k€-73k▼ 30.7%€-6k▲ 92.1%
Net result€6k-€-7k€-108k▼ 1,403%€-126k▼ 17.0%€-78k▲ 38.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €73k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€482k ▼ 1.4%
Current assets
€673k ▼ 17.3%
Equity and liabilities €1.16M
Equity
€94k ▼ 45.3%
Debt
€1.06M ▼ 6.2%
Debt's share of the balance-sheet total rises from 86.8% to 91.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€35k▲
2024 · €-29k
Cash flow
€-37k▲
2024 · €-83k
Current ratio
0.76▼
2024 · 0.96
Quick ratio
0.74▼
2024 · 0.93
Debt to equity
11.32▲
2024 · 6.60
ROE
-82.7%▼
2024 · -73.7%
ROA
-6.7%▲
2024 · -9.7%
Interest coverage
0.49▲
2024 · -0.50
Debt ≤ 1 year
€881k▲
2024 · €848k
Debt > 1 year
€73k▼
2024 · €101k
Income taxes
€352▲
2024 · €349
Staff costs
€223k▼
2024 · €324k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.30M€1.16M▼
Fixed assets21/28€489k€482k▼
Intangible fixed assets21€35-
Tangible fixed assets22/27€468k€462k▼
Land and buildings22€422k€412k▼
Furniture and vehicles24€13k€2k▼
Other tangible fixed assets26€33k€48k▲
Financial fixed assets28€21k€20k▼
Current assets29/58€814k€673k▼
Stocks and contracts in progress3€23k€18k▼
Stocks30/36€23k€18k▼
Amounts receivable within one year40/41€311k€268k▼
Trade receivables40€159k€263k▲
Other amounts receivable41€152k€5k▼
Cash at bank and in hand54/58€78k€53k▼
Deferred charges and accrued income490/1€402k€335k▼
Equity and liabilities
Total equity and liabilities10/49€1.30M€1.16M▼
Equity10/15€171k€94k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€142k€142k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€41k€41k=
Distributable reserves133€95k€95k=
Profit (loss) carried forward14€-32k€-110k▼
Amounts payable17/49€1.13M€1.06M▼
Amounts payable after more than one year17€101k€73k▼
Financial debts170/4€101k€73k▼
Amounts payable within one year42/48€848k€881k▲
Current portion of amounts payable after more than one year42€29k€29k▲
Financial debts43€575k€480k▼
Credit institutions430/8€575k€480k▼
Trade debts44€175k€327k▲
Suppliers440/4€175k€327k▲
Taxes, remuneration and social security45€70k€45k▼
Taxes450/3€28k€17k▼
Remuneration and social security454/9€42k€28k▼
Accrued charges and deferred income492/3€183k€108k▼
Income statement
Code20242025
Remuneration, social security and pensions62€324k€223k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€41k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€28k€22k▼
Non-recurring operating charges66A€-441-
Gross operating margin9900€322k€282k▼
Operating profit (loss)9901€-73k€-6k▲
Financial income75/76B€6k€397▼
Recurring financial income75€6k€397▼
Financial charges65/66B€58k€72k▲
Recurring financial charges65€58k€72k▲
Profit (loss) for the period before taxes9903€-126k€-77k▲
Income taxes67/77€349€352▲
Profit (loss) for the period9904€-126k€-78k▲
Profit (loss) for the period to be appropriated9905€-126k€-78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-110k▼
Profit (loss) brought forward from the previous period14P€94k€-32k▼
Social balance
Average headcount (FTE)90874.53.1▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-126k
Net result drops to €-126k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 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, Elsene · 2 establishment units since 1983
Ground area
480 m²
Building footprint
286 m²
Volume, LiDAR
4,381 m³
2 parcels, Brussels · tallest building 27.1 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Waterloose Steenweg 458-460, 1050 Elsene
since 19832.023.429.797
Joseph Stevensstraat 25, 1000 Brussel
since 20192.301.673.408
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0303/00S000 | Brussels | 360 m² | 1 · 170 m² | 20.0 m · 4 fl. |
| 21808H1491/00F000 | Brussels | 119 m² | 1 · 116 m² | 27.1 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300Q1TOWR5L8UKJ48
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E.M. CREATIONS
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PRO WINNING
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Of 687 companies in sector 46412 we hold annual accounts for 517. 382 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-10-1983
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
46496Wholesale trade
47512Retail sale of household textiles and bedding
47639Retail sale of other sporting goods
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.