Linen Solutions
ActiveLinen Solutions is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.31M and a net result of €1.39M. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 89% of 5495 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
64 d early
2023
13 d early
2022
84 d early
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.31M▲ 28.3%
2024 · €4.92M
2018: €507k
2019: €1.06M
2020: €1.18M
2021: €1.25M
2022: €2.12M
2023: €3.48M
2024: €4.92M
2018 → 2025
Net result
€1.39M▼ 6.2%
2024 · €1.48M
2018: €41k
2019: €552k
2020: €124k
2021: €65k
2022: €877k
2023: €1.42M
2024: €1.48M
2018 → 2025
Total assets
€6.74M▲ 24.3%
2024 · €5.42M
2018: €1.33M
2019: €1.81M
2020: €1.81M
2021: €1.79M
2022: €2.55M
2023: €4.00M
2024: €5.42M
2018 → 2025
Solvency
93.7%▲ 2.9pp
2024 · 90.8%
2018: 38.0%
2019: 58.5%
2020: 65.3%
2021: 69.6%
2022: 83.3%
2023: 87.1%
2024: 90.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€2.12M▲ 70.4%€3.48M▲ 63.8%€4.92M▲ 41.4%€6.31M▲ 28.3%
Operating result€107k-€543k▲ 407%€907k▲ 67.0%€894k▼ 1.5%€813k▼ 9.1%
Net result€65k-€877k▲ 1,258%€1.42M▲ 61.3%€1.48M▲ 4.7%€1.39M▼ 6.2%
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 two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.74M
Fixed assets
€3.01M▲ 36.2%
Current assets
€3.73M▲ 16.1%
Equity and liabilities €6.74M
Equity
€6.31M▲ 28.3%
Debt
€426k▼ 14.9%
The debt ratio falls from 9.2% to 6.3%: equity grows while debt is paid down.
Key figures and ratios
Solvency
93.7%▲
2024 · 90.8%
ROE
22.0%▼
2024 · 30.1%
ROA
20.6%▼
2024 · 27.3%
Debt
€426k▼
2024 · €501k
Debt ≤ 1 year
€426k▼
2024 · €501k
Income taxes
€373k▼
2024 · €403k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.42M€6.74M▲
Fixed assets21/28€2.21M€3.01M▲
Tangible fixed assets22/27€490k€1.23M▲
Land and buildings22€407k€1.13M▲
Plant, machinery and equipment23-€24k
Furniture and vehicles24€16k€13k▼
Other tangible fixed assets26€68k€59k▼
Financial fixed assets28€1.72M€1.78M▲
Current assets29/58€3.21M€3.73M▲
Amounts receivable within one year40/41€2.83M€3.25M▲
Trade receivables40€98k€0▼
Other amounts receivable41€2.74M€3.25M▲
Current investments50/53€370k€450k▲
Cash at bank and in hand54/58€7k€26k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€5.42M€6.74M▲
Equity10/15€4.92M€6.31M▲
Contributions10/11€363k€363k=
Reserves13€4.56M€5.95M▲
Distributable reserves133€4.56M€5.95M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€501k€426k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€501k€426k▼
Financial debts43€63k€84k▲
Credit institutions430/8€63k€84k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€387k€313k▼
Taxes450/3€387k€311k▼
Remuneration and social security454/9€150€2k▲
Other amounts payable47/48€45k€25k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€120k▲
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€965k€938k▼
Operating profit (loss)9901€894k€813k▼
Financial income75/76B€1.01M€966k▼
Recurring financial income75€1.01M€966k▼
Financial charges65/66B€18k€15k▼
Recurring financial charges65€18k€15k▼
Profit (loss) for the period before taxes9903€1.89M€1.76M▼
Income taxes67/77€403k€373k▼
Profit (loss) for the period9904€1.48M€1.39M▼
Profit (loss) for the period to be appropriated9905€1.48M€1.39M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.48M€1.39M▼
Transfer from equity791/2€41k€0▼
Transfer to equity691/2€1.48M€1.39M▼
To other reserves6921€1.48M€1.39M▼
Profit to be distributed694/7€41k€0▼
Return on contributions (dividend)694€41k€0▼
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €5MEq €6.31M ▲28.3%
8 profitable years in a row build equity to €6.31M.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €1.48M ▲4.7%
Net result €1.48M, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 58current ratio 4.19
Current ratio from 0.07 to 4.19; short-term debt falls from €304k to €187k.
31-12
Financial
Equity above €2MEq €2.12M ▲70.4%
5 profitable years in a row build equity to €2.12M.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €1MEq €1.06M ▲109%
2 profitable years in a row build equity to €1.06M.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial 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
Registered office, Ingelmunster · 1 establishment unit since 2014
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.
Meersstraat 68770 IngelmunsterGround area
3,385 m²
Building footprint
321 m²
Volume, LiDAR
259 m³
Parcel 36007B0161/00E000, Flanders · tallest building 5.4 m. Linked by address, not a title deed.
1 establishment unit
Linen Solutions
since 20142.230.154.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0161/00E000 | Flanders | 3,385 m² | 1 · 321 m² | 5.4 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,637 companies in sector 64210 we hold annual accounts for 19,690. 7,401 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2014
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.