LINEARITY
InactiveLINEARITY was declared bankrupt on 29-09-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 20-06-2024, published in the Belgian State Gazette on 28-06-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 28-02-2022, 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
28 d late
2020
4 d late
2019
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€1.23M▲ 0.6%
2020 · €1.22M
2019: €856k
2020: €1.22M
2019 → 2021
Total assets
€1.73M▲ 34.2%
2020 · €1.29M
2019: €1.03M
2020: €1.29M
2019 → 2021
Net result
€7k▼ 98.2%
2020 · €367k
2019: €556k
2020: €367k
2019 → 2021
Working capital
€-149k
2020 · €66k
2019: €431k
2020: €66k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€856k-€1.22M▲ 42.9%€1.23M▲ 0.6%
Operating result€565k-€369k▼ 34.8%€11k▼ 97.0%
Net result€556k-€367k▼ 34.0%€7k▼ 98.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 97% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.73M
Fixed assets
€1.61M▲ 39.2%
Current assets
€118k▼ 9.6%
Equity and liabilities €1.73M
Equity
€1.23M▲ 0.6%
Debt
€499k▲ 674%
The debt ratio rises from 5.0% to 28.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173k▼
2020 · €473k
Cash flow
€169k▼
2020 · €472k
Solvency
71.2%▼
2020 · 95.0%
Current ratio
0.44▼
2020 · 2.03
Quick ratio
0.44▼
2020 · 2.03
Debt / equity
0.19
ROE
0.6%▼
2020 · 30.0%
ROA
0.4%▼
2020 · 28.5%
Debt
€499k▲
2020 · €64k
Debt ≤ 1 year
€267k▲
2020 · €64k
Debt > 1 year
€230k
Income taxes
€300▲
2020 · €184
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€1.29M€1.73M▲
Fixed assets21/28€1.16M€1.61M▲
Intangible fixed assets21€1.14M€1.60M▲
Tangible fixed assets22/27€11k€11k▲
Financial fixed assets28€5k€5k=
Current assets29/58€131k€118k▼
Amounts receivable within one year40/41€68k€101k▲
Cash at bank and in hand54/58€60k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.73M▲
Equity10/15€1.22M€1.23M▲
Reserves13€28k€28k=
Profit (loss) carried forward14€895k€902k▲
Amounts payable17/49€64k€499k▲
Amounts payable after more than one year17-€230k
Amounts payable within one year42/48€64k€267k▲
Trade debts44€56k€110k▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€162k▲
Gross operating margin9900€521k€243k▼
Operating profit (loss)9901€369k€11k▼
Recurring financial income75€1€3▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€367k€7k▼
Income taxes67/77€184€300▲
Profit (loss) for the period9904€367k€7k▼
Profit (loss) for the period to be appropriated9905€367k€7k▼
Timeline · acts, filings and financial milestones
2024
28-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · LINEARITY BV NIEUWLANDLAAN 111, 3200 AARSCHOT · event 20-06-2024
2022
05-10
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · LINEARITY BV NIEUWLAND- LAAN 111, 3200 AARSCHOT · event 29-09-2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-06
Financial
Weakest financial yearnet €7k ▼98.2%
Net result drops to €7k, the lowest in the series.
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
30-06
Financial
Equity above €1MEq €1.22M ▲42.9%
2 profitable years in a row build equity to €1.22M.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GERRY VERSCHUREN EIKENSTRAAT 1A,
3210 LUBBEEK |
29-09-2022 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,457 EUR awarded · 1,457 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,457 EUR | 1,457 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)