LINECA
ActiveSummary
LINECA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235k and a net result of €9k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39=
Solvency39▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.16 in 2024; short-term debt: 81.3% and cash: 0.5% of total assets), and 85.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.1%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
59 d early
2023
84 d early
2022
81 d early
2021
122 d late
2020
1 d early
2019
on the day
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€235k▲ 3.8%
2024 · €227k
2018: €7k
2019: €-2k▼ -134% vs 2018lowest in 8 years
2020: €38k▲ +1681% vs 2019
2021: €125k▲ +227% vs 2020
2022: €187k▲ +50.2% vs 2021
2023: €215k▲ +15.1% vs 2022
2024: €227k▲ +5.1% vs 2023
2025: €235k▲ +3.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.67M▼ 0.7%
2024 · €1.68M
2018: €60k
2019: €20k▼ -66.6% vs 2018lowest in 8 years
2020: €215k▲ +972% vs 2019
2021: €732k▲ +240% vs 2020
2022: €863k▲ +17.9% vs 2021
2023: €1.34M▲ +55.7% vs 2022
2024: €1.68M▲ +25.0% vs 2023highest in 8 years
2025: €1.67M▼ -0.7% vs 2024
2018 → 2025
Net result
€9k▼ 21.4%
2024 · €11k
2018: €168
2019: €-9k▼ -5691% vs 2018lowest in 8 years
2020: €41k▲ +530% vs 2019
2021: €86k▲ +113% vs 2020highest in 8 years
2022: €63k▼ -27.7% vs 2021
2023: €28k▼ -54.7% vs 2022
2024: €11k▼ -60.9% vs 2023
2025: €9k▼ -21.4% vs 2024
2018 → 2025
Working capital
€312k▲ 33.8%
2024 · €233k
2018: €7k
2019: €-2k▼ -134% vs 2018lowest in 8 years
2020: €38k▲ +1681% vs 2019
2021: €125k▲ +227% vs 2020
2022: €187k▲ +50.5% vs 2021
2023: €215k▲ +14.9% vs 2022
2024: €233k▲ +8.2% vs 2023
2025: €312k▲ +33.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€187k▲ 50.2%€215k▲ 15.1%€227k▲ 5.1%€235k▲ 3.8%
2021: €125klowest in 5 years
2022: €187k▲ +50.2% vs 2021
2023: €215k▲ +15.1% vs 2022
2024: €227k▲ +5.1% vs 2023
2025: €235k▲ +3.8% vs 2024highest in 5 years
Operating result€160k-€99k▼ 37.8%€70k▼ 29.0%€45k▼ 35.8%€43k▼ 3.9%
2021: €160khighest in 5 years
2022: €99k▼ -37.8% vs 2021
2023: €70k▼ -29.0% vs 2022
2024: €45k▼ -35.8% vs 2023
2025: €43k▼ -3.9% vs 2024lowest in 5 years
Net result€86k-€63k▼ 27.7%€28k▼ 54.7%€11k▼ 60.9%€9k▼ 21.4%
2021: €86khighest in 5 years
2022: €63k▼ -27.7% vs 2021
2023: €28k▼ -54.7% vs 2022
2024: €11k▼ -60.9% vs 2023
2025: €9k▼ -21.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 4% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.67M
Equity
€235k ▲ 3.8%
Debt
€1.43M ▼ 1.4%
Debt's share of the balance-sheet total falls from 86.5% to 85.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.23▲
2024 · 1.16
Quick ratio
0.23▼
2024 · 0.41
Debt to equity
6.09▼
2024 · 6.42
ROE
3.7%▼
2024 · 4.9%
ROA
0.5%▼
2024 · 0.7%
Debt ≤ 1 year
€1.36M▼
2024 · €1.45M
Debt > 1 year
€77k
Income taxes
€5k▼
2024 · €24k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.68M€1.67M▼
Current assets29/58€1.68M€1.67M▼
Stocks and contracts in progress3€1.08M€1.35M▲
Stocks30/36€1.08M€1.30M▲
Contracts in progress37€0€50k▲
Amounts receivable within one year40/41€599k€305k▼
Trade receivables40€367k€23k▼
Other amounts receivable41€233k€282k▲
Cash at bank and in hand54/58€741€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.68M€1.67M▼
Equity10/15€227k€235k▲
Contributions10/11€6k€6k=
Reserves13€220k€229k▲
Distributable reserves133€220k€229k▲
Amounts payable17/49€1.45M€1.43M▼
Amounts payable after more than one year17-€77k
Financial debts170/4-€77k
Amounts payable within one year42/48€1.45M€1.36M▼
Current portion of amounts payable after more than one year42-€20k
Financial debts43€821k€499k▼
Credit institutions430/8€621k€499k▼
Other loans439€200k€0▼
Trade debts44€338k€490k▲
Suppliers440/4€338k€490k▲
Taxes, remuneration and social security45€49k€72k▲
Taxes450/3€49k€72k▲
Other amounts payable47/48€239k€274k▲
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Other operating charges640/8€10k€4k▼
Gross operating margin9900€55k€47k▼
Operating profit (loss)9901€45k€43k▼
Financial income75/76B€9€1▼
Recurring financial income75€9€1▼
Financial charges65/66B€11k€29k▲
Recurring financial charges65€11k€29k▲
Profit (loss) for the period before taxes9903€35k€14k▼
Income taxes67/77€24k€5k▼
Profit (loss) for the period9904€11k€9k▼
Profit (loss) for the period to be appropriated9905€11k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€9k▼
Transfer to equity691/2€11k€9k▼
To other reserves6921€11k€9k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €410 | €410 | €410 | €10k | €4k | ▼ 59.3% |
| Gross operating margin9900 | €160k | €100k | €71k | €55k | €47k | ▼ 13.5% |
| Operating profit (loss)9901 | €160k | €99k | €70k | €45k | €43k | ▼ 3.9% |
| Financial income75/76B | €33 | €1k | €38 | €9 | €1 | ▼ 89.8% |
| Recurring financial income75 | €33 | €1k | €38 | €9 | €1 | ▼ 89.8% |
| Financial charges65/66B | €33k | €23k | €29k | €11k | €29k | ▲ 180% |
| Recurring financial charges65 | €33k | €23k | €29k | €11k | €29k | ▲ 180% |
| Profit (loss) for the period before taxes9903 | €127k | €77k | €42k | €35k | €14k | ▼ 59.5% |
| Income taxes67/77 | €40k | €14k | €13k | €24k | €5k | ▼ 77.4% |
| Profit (loss) for the period9904 | €86k | €63k | €28k | €11k | €9k | ▼ 21.4% |
| Profit (loss) for the period to be appropriated9905 | €86k | €63k | €28k | €11k | €9k | ▼ 21.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €732k | €863k | €1.34M | €1.68M | €1.67M | ▼ 0.7% |
| Current assets29/58 | €732k | €863k | €1.34M | €1.68M | €1.67M | ▼ 0.7% |
| Stocks and contracts in progress3 | €672k | €503k | €653k | €1.08M | €1.35M | ▲ 25.4% |
| Stocks30/36 | €122k | €2k | €581k | €1.08M | €1.30M | ▲ 20.7% |
| Contracts in progress37 | €550k | €501k | €72k | €0 | €50k | - |
| Amounts receivable within one year40/41 | €27k | €357k | €679k | €599k | €305k | ▼ 49.1% |
| Trade receivables40 | - | €79k | €4k | €367k | €23k | ▼ 93.6% |
| Other amounts receivable41 | €27k | €278k | €674k | €233k | €282k | ▲ 21.0% |
| Cash at bank and in hand54/58 | €33k | €2k | €12k | €741 | €9k | ▲ 1,090% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €732k | €863k | €1.34M | €1.68M | €1.67M | ▼ 0.7% |
| Equity10/15 | €125k | €187k | €215k | €227k | €235k | ▲ 3.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €118k | €181k | €209k | €220k | €229k | ▲ 3.9% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €117k | €179k | €209k | €220k | €229k | ▲ 3.9% |
| Amounts payable17/49 | €607k | €676k | €1.13M | €1.45M | €1.43M | ▼ 1.4% |
| Amounts payable after more than one year17 | - | - | - | - | €77k | - |
| Financial debts170/4 | - | - | - | - | €77k | - |
| Amounts payable within one year42/48 | €607k | €675k | €1.13M | €1.45M | €1.36M | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €20k | - |
| Financial debts43 | €88k | €8k | €414k | €821k | €499k | ▼ 39.2% |
| Credit institutions430/8 | €88k | €8k | €414k | €621k | €499k | ▼ 19.6% |
| Other loans439 | - | - | - | €200k | €0 | ▼ 100% |
| Trade debts44 | €323k | €343k | €396k | €338k | €490k | ▲ 45.0% |
| Suppliers440/4 | €323k | €343k | €396k | €338k | €490k | ▲ 45.0% |
| Advances received on contracts in progress46 | - | €75k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €79k | €120k | €8k | €49k | €72k | ▲ 48.6% |
| Taxes450/3 | €79k | €120k | €8k | €49k | €72k | ▲ 48.6% |
| Other amounts payable47/48 | €116k | €128k | €311k | €239k | €274k | ▲ 14.5% |
| Accrued charges and deferred income492/3 | - | €348 | €0 | €7k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86k | €63k | €28k | €11k | €9k | ▼ 21.4% |
| Operating cash flow (approximation) | €86k | €63k | €28k | €11k | €9k | ▼ 21.4% |
| Change in cash | - | €-31k | €10k | €-12k | €8k | ▲ 170% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €215k ▲15.1%
4 profitable years in a row build equity to €215k.
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €187k ▲50.2%
3 profitable years in a row build equity to €187k.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
31-12
Financial
Highest result since 2018net €86k ▲113%
Operating result €160k, net result €86k, both a record.
31-12
Financial
Equity above €100kEq €125k ▲227%
2 profitable years in a row build equity to €125k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Boechout · 1 establishment unit since 2020
Ground area
109 m²
Parcel 11047A0146/00E000, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
LINECA
since 20202.326.572.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11047A0146/00E000 | Flanders | 109 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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LIME CONSTRUCT
BE 0797.717.013
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Jardins de la Balbrière
BE 0643.866.501
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,272 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.