Result
€6,786 ▼ 98.2%
The result fell in 2021 from €367,273 to €6,786.
LINEARITY
Overview
Lifetime
3 annual accounts with figures on one time axisGross marginpeak €661,807 (2019)
€242,992▼ 53.4%
Resultpeak €556,066 (2019)
€6,786▼ 98.2%
Equitypeak €1.2m (2021)
€1.2m▲ 0.6%
Debts
€498,700▲ 674%
Staffpeak 0.8 FTE (2021)
0.8 FTE▲ 167%
Documentsfilings and deeds
28-02-202228 days late
2021micro format
Gross margin from €521,253 to €242,992Result from €367,273 to €6,786Staff from 0.3 FTE to 0.8 FTEDebts from €64,417 to €498,700Investments €615,796Cash from €60,423 to €15,882
Key points
from the 2021 annual accounts, the last ones filedLiquidity
0.44 was 2.03 in 2020
Short-term debts rose from €64,417 to €266,784.
Filings
3 annual accounts 3 late
The 2021 accounts came latest: 28 days after the end of the period.
No score
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Leuven · judgment of 20-06-2024 · Bankruptcy
Bankruptcy published
Enterprise Court of Leuven · judgment of 29-09-2022 · Bankruptcy
Incorporation
5 publications in the Belgian Official Gazette, the last on 05-10-2022 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 25-09-2017 · bankruptcy closed on 20-06-2024
- Activity
- No activity registered in the KBO
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-06-2021
- Gross margin
- €242,992▼ 53.4%
- Turnover
- ≈ €610,000estimated
- Profit
- €6,786▼ 98.2%
- Equity
- €1.2m▲ 0.6%
- Total assets
- €1.7m▲ 34.2%
- Staff
- 0.8 FTE▲ 167%
- Filing
- Filed on 28-02-2022
Insights on LINEARITY
On 29 September 2022 the court declared LINEARITY bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
micro format, filed on 28-02-2022, 28 days lateGross margin
€242,992
▼ 53.4%
Operating result
€11,228
▼ 97.0%
Profit
€6,786
▼ 98.2%
Working capital
-€148,672
▼ €214,838
Solvency
71.2%
▼ 23.8 percentage points
Current ratio
0.44
▼ 1.58
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €610,000. Estimated: probably between €410,000 and €940,000.
Balance sheet
balance sheet total €1.7m on 30-06-2021What the company ownsHow it is paid for
Change in equityin €m
Change in cashin euro
Staff
Staff cost per FTE€83,927
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
Total assets20/58 |
1.7m | 1.3m | 1.0m | |
Fixed assets21/28 |
1.6m | 1.2m | 424,967 | |
Intangible fixed assets21 |
1.6m | 1.1m | 424,095 | |
Tangible fixed assets22/27 |
11,044 | 10,836 | 872 | |
Plant, machinery and equipment23 |
4,218 | 5,095 | 872 | |
Furniture and vehicles24 |
1,724 | - | - | |
Other tangible fixed assets26 |
5,103 | 5,741 | - | |
Financial fixed assets28 |
4,650 | 4,650 | - | |
Current assets29/58 |
118,112 | 130,583 | 601,288 | |
Amounts receivable within one year40/41 |
101,395 | 68,071 | 485,710 | |
Trade receivables40 |
65,404 | 60,173 | 483,610 | |
Other amounts receivable41 |
35,991 | 7,898 | 2,100 | |
Cash at bank and in hand54/58 |
15,882 | 60,423 | 115,578 | |
Deferred charges and accrued income490/1 |
835 | 2,089 | - | |
| Balance sheet: equity and liabilities | ||||
Total equity and liabilities10/49 |
1.7m | 1.3m | 1.0m | |
Equity10/15 |
1.2m | 1.2m | 856,266 | |
Contributions10/11 |
300,200 | 300,200 | 300,200 | |
Issued capital100 |
- | - | 300,200 | |
Reserves13 |
28,000 | 28,000 | 28,000 | |
Non-distributable reserves130/1 |
28,000 | 28,000 | - | |
Legal reserve130 |
- | - | 28,000 | |
Reserves not available under the articles1311 |
28,000 | - | - | |
Other1319 |
- | 28,000 | - | |
Profit (loss) carried forward14 |
902,126 | 895,340 | 528,066 | |
Amounts payable17/49 |
498,700 | 64,417 | 169,989 | |
Amounts payable after more than one year17 |
230,000 | - | - | |
Financial debts170/4 |
230,000 | - | - | |
Amounts payable within one year42/48 |
266,784 | 64,417 | 169,989 | |
Current portion of amounts payable after more than one year42 |
150,000 | - | - | |
Trade debts44 |
109,651 | 55,527 | 64,338 | |
Suppliers440/4 |
109,651 | 55,527 | 64,338 | |
Taxes, remuneration and social security45 |
7,133 | 8,890 | 105,652 | |
Taxes450/3 |
1,864 | 2,851 | 105,652 | |
Remuneration and social security454/9 |
5,269 | 6,039 | - | |
Accrued charges and deferred income492/3 |
1,916 | - | - | |
| Income statement | ||||
Gross operating margin9900 |
242,992 | 521,253 | 661,807 | |
Remuneration, social security and pensions62 |
67,142 | 48,059 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
162,255 | 104,365 | 95,358 | |
Other operating charges640/8 |
2,367 | 155 | 1,322 | |
Operating profit (loss)9901 |
11,228 | 368,675 | 565,127 | |
Financial income75/76B |
3 | 1 | 0 | |
Recurring financial income75 |
3 | 1 | 0 | |
Financial charges65/66B |
4,144 | 1,219 | 248 | |
Recurring financial charges65 |
4,144 | 1,219 | 248 | |
Profit (loss) for the period before taxes9903 |
7,086 | 367,457 | 564,879 | |
Income taxes67/77 |
300 | 184 | 8,813 | |
Profit (loss) for the period9904 |
6,786 | 367,273 | 556,066 | |
Profit (loss) for the period to be appropriated9905 |
6,786 | 367,273 | 556,066 | |
| Appropriation of the result | ||||
Profit (loss) to be appropriated9906 |
902,126 | 895,340 | 556,066 | |
Transfer to equity691/2 |
- | - | 28,000 | |
To the legal reserve6920 |
- | - | 28,000 | |
| Social balance sheet | ||||
Average staff (FTE)9087 |
0.8 | 0.3 | - | |
Hours worked1013 |
1,360 | 472 | - | |
| Document | ||||
Source: Annual accounts 2021 (PDF), filed on 28-02-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank2021 annual accounts filed 28 days after the deadline. Filed on 28 February 2022, deadline 31 January 2022 (7 months after the close on 30 June 2021, Companies Code art. 3:10). Source: NBB, 2022-06900041.
Subsidies and aid
Flemish government 2022, 1 entry, €1,457 awarded, €1,457 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| EBITDA | 173,483 | 473,040 | 660,485 | |
| Cash flow | 169,041 | 471,638 | 651,424 | |
| Investment in fixed assets | 615,796 | 836,771 | 517,775 | |
| Change in cash | -44,542 | -55,154 | - | |
| Working capital | -148,672 | 66,166 | 431,299 | |
| Solvency | 71.2% | 95.0% | 83.4% | |
| Current ratio | 0.44 | 2.03 | 3.54 | |
| Debt to equity | 0.41 | 0.05 | 0.20 | |
| ROE | 0.6% | 30.0% | 64.9% | |
| ROA | 0.4% | 28.5% | 54.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on LINEARITY
The operating result for 2021 is 97% lower than in 2020 and the lowest since 2019. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 5.0% to 28.8%. Equity and debt are higher.
Board & ownership
Curator
1 mandateCurator, Eikenstraat 1A, 3210 Lubbeek
from 29-09-2022 to 20-06-2024
Also on 255 other cases
Control
Capital
- Capital
- €300,200
- Source
- 2019 annual accounts
Timeline
Timeline
8 events since 2017Filings
Financial
Insolvency
20182020202220242026
2024
Bankruptcy closure (by liquidation) Enterprise Court of Leuven · judgment of 20-06-2024
2022
Bankruptcy published Enterprise Court of Leuven · judgment of 29-09-2022
Annual accounts 2021 filed PDFmicro format · 28 days late
2021
Weakest financial year net €6,786 ▼98.2% The net result drops to €6,786, the lowest from 2019 to 2021.
Annual accounts 2020 filed PDFmicro format · 4 days late
2020
Equity above €1m equity €1.2m ▲42.9% With a profit in every financial year since 2019, equity grows to €1.2m.
Annual accounts 2019 filed PDFmicro format · 27 days late
2017
Incorporation PDF5 publications in the Belgian Official Gazette, the last on 05-10-2022
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
LINEARITY is no longer in the KBO register.
- Last annual accounts
- financial year to 30 June 2021
- Last registered office
- Tuindijk 39, Bus C, 2223 Schriekas published on 14 August 2020
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2019