LINEOS
ActiveSummary
The annual accounts of LINEOS for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €5,127 and a net result of -€10,702. Equity is shrinking by ~18.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 28281 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▼-39
Solvency28▼-6
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.01 against 0.1 in 2024; short-term debt: 96.4% and cash: 0.4% of total assets), and 96.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.1%
Return on assets
-6.5%
Age of the figures
9 mo
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 -€10,702
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 10%
← 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 26-08-2026, 26 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
26 d late
2024
57 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
87 d late
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,127▼ 67.6%
2024 · €15,830
Total assets
€164,468▼ 3.8%
2024 · €170,920
Net result
-€10,702▼ 67.6%
2024 · -€6,387
Working capital
-€157,563▼ 13.9%
2024 · -€138,334
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,638-€5,420▲ 3.9%-€15,511▼ 186%-€5,842▲ 62.3%-€10,290▼ 76.2%
Net result-€7,984below the sector's middle half▼ 203%-€7,525below the sector's middle half▲ 5.7%-€17,042below the sector's middle half▼ 126%-€6,387below the sector's middle half▲ 62.5%-€10,702below the sector's middle half▼ 67.6%
Equity€46,783within the sector's middle half▼ 14.6%€39,258within the sector's middle half▼ 16.1%€22,216within the sector's middle half▼ 43.4%€15,830below the sector's middle half▼ 28.7%€5,127below the sector's middle half▼ 67.6%
Total assets€75,317within the sector's middle half▼ 18.9%€86,322within the sector's middle half▲ 14.6%€76,704within the sector's middle half▼ 11.1%€170,920within the sector's middle half▲ 123%€164,468within the sector's middle half▼ 3.8%
Debt€28,535▼ 25.0%€47,064▲ 64.9%€54,488▲ 15.8%€155,091▲ 185%€159,341▲ 2.7%
Working capital€2,209below the sector's middle half▼ 90.1%-€32,260below the sector's middle half-€39,881below the sector's middle half▼ 23.6%-€138,334below the sector's middle half▼ 247%-€157,563below the sector's middle half▼ 13.9%
Solvency62.1%within the sector's middle half▲ 3.1pp45.5%within the sector's middle half▼ 16.6pp29.0%within the sector's middle half▼ 16.5pp9.3%below the sector's middle half▼ 19.7pp3.1%below the sector's middle half▼ 6.1pp
Current ratio1.12within the sector's middle half▼ 2.630.29below the sector's middle half▼ 0.830.25below the sector's middle half▼ 0.040.10below the sector's middle half▼ 0.160.01below the sector's middle half▼ 0.09
Return on assets (ROA)-10.6%below the sector's middle half▼ 7.8pp-8.7%below the sector's middle half▲ 1.9pp-22.2%below the sector's middle half▼ 13.5pp-3.7%below the sector's middle half▲ 18.5pp-6.5%below the sector's middle half▼ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,290 in 2025 against €5,842 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164,468
Fixed assets
€163,539 ▲ 4.8%
Current assets
€930 ▼ 93.7%
Equity and liabilities €164,468
Equity
€5,127 ▼ 67.6%
Debt
€159,341 ▲ 2.7%
Debt's share of the balance-sheet total rises from 90.7% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€550▼
2024 · €3,045
Cash flow
€137▼
2024 · €2,500
Debt to equity
31.08▲
2024 · 9.80
ROE
-208.7%▼
2024 · -40.3%
Interest coverage
1.33▼
2024 · 5.59
Debt ≤ 1 year
€158,493▲
2024 · €153,175
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.3%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 974 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,552 | €8,414 | €10,055 | €8,886 | €10,840 | ▲ 22.0% |
| Other operating charges640/8 | €1,871 | €1,723 | €2,099 | €1,780 | €2,237 | ▲ 25.6% |
| Gross operating margin9900 | €3,785 | €4,717 | -€3,357 | €4,825 | €2,786 | ▼ 42.3% |
| Operating profit (loss)9901 | -€5,638 | -€5,420 | -€15,511 | -€5,842 | -€10,290 | ▼ 76.2% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | €1 | - | - | - |
| Financial charges65/66B | €2,346 | €2,105 | €1,532 | €545 | €412 | ▼ 24.3% |
| Recurring financial charges65 | €2,346 | €2,105 | €1,532 | €545 | €412 | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | -€7,984 | -€7,525 | -€17,042 | -€6,387 | -€10,702 | ▼ 67.6% |
| Profit (loss) for the period9904 | -€7,984 | -€7,525 | -€17,042 | -€6,387 | -€10,702 | ▼ 67.6% |
| Profit (loss) for the period to be appropriated9905 | -€7,984 | -€7,525 | -€17,042 | -€6,387 | -€10,702 | ▼ 67.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,317 | €86,322 | €76,704 | €170,920 | €164,468 | ▼ 3.8% |
| Fixed assets21/28 | €54,882 | €73,187 | €63,132 | €156,079 | €163,539 | ▲ 4.8% |
| Tangible fixed assets22/27 | €54,139 | €72,443 | €62,388 | €155,336 | €163,539 | ▲ 5.3% |
| Land and buildings22 | €54,139 | €72,443 | €62,388 | €155,336 | €163,539 | ▲ 5.3% |
| Financial fixed assets28 | €744 | €744 | €744 | €744 | - | - |
| Current assets29/58 | €20,435 | €13,136 | €13,572 | €14,841 | €930 | ▼ 93.7% |
| Amounts receivable within one year40/41 | €19,636 | €13,136 | €13,572 | €14,628 | €335 | ▼ 97.7% |
| Trade receivables40 | €11,405 | €10,400 | €11,750 | €11,750 | €303 | ▼ 97.4% |
| Other amounts receivable41 | €8,231 | €2,736 | €1,823 | €2,878 | €32 | ▼ 98.9% |
| Cash at bank and in hand54/58 | €799 | - | - | €213 | €595 | ▲ 180% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,317 | €86,322 | €76,704 | €170,920 | €164,468 | ▼ 3.8% |
| Equity10/15 | €46,783 | €39,258 | €22,216 | €15,830 | €5,127 | ▼ 67.6% |
| Contributions10/11 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €22,268 | €22,268 | €9,821 | €3,435 | €3,435 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | €3,087 | €3,087 | €3,087 | €3,087 | €3,087 | = |
| Distributable reserves133 | €17,322 | €17,322 | €6,734 | €348 | €348 | = |
| Profit (loss) carried forward14 | €12,120 | €4,596 | - | - | -€10,702 | - |
| Amounts payable17/49 | €28,535 | €47,064 | €54,488 | €155,091 | €159,341 | ▲ 2.7% |
| Amounts payable after more than one year17 | €10,308 | €1,668 | - | - | - | - |
| Financial debts170/4 | €10,308 | €1,668 | - | - | - | - |
| Amounts payable within one year42/48 | €18,226 | €45,396 | €53,453 | €153,175 | €158,493 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | €13,010 | €8,640 | €1,668 | €881 | - | - |
| Financial debts43 | €204 | €2,317 | €2,732 | €1,959 | €1,959 | = |
| Credit institutions430/8 | €204 | €2,317 | €2,732 | €1,959 | €1,959 | = |
| Trade debts44 | €4,099 | €1,973 | €2,248 | €937 | €1,500 | ▲ 60.2% |
| Suppliers440/4 | €4,099 | €1,973 | €2,248 | €937 | €1,500 | ▲ 60.2% |
| Taxes, remuneration and social security45 | €914 | €1,015 | €1,029 | €15 | - | - |
| Taxes450/3 | €914 | €1,015 | €1,029 | €15 | - | - |
| Other amounts payable47/48 | - | €31,451 | €45,776 | €149,384 | €155,034 | ▲ 3.8% |
| Accrued charges and deferred income492/3 | - | - | €1,035 | €1,916 | €848 | ▼ 55.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,984 | -€7,525 | -€17,042 | -€6,387 | -€10,702 | ▼ 67.6% |
| + Depreciation and write-downs630 | €7,552 | €8,414 | €10,055 | €8,886 | €10,840 | ▲ 22.0% |
| Operating cash flow (approximation) | -€431 | €889 | -€6,987 | €2,500 | €137 | ▼ 94.5% |
| Investment in fixed assets (approximation) | - | -€26,718 | €0 | -€101,834 | -€18,299 | ▲ 82.0% |
| Change in cash | - | - | - | - | €382 | - |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.75
Current ratio from 1.86 to 3.75; short-term debt falls from €20,105 to €8,092.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 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, Gent · 2 establishment units since 1989
Ground area
445 m²
Building footprint
213 m²
Volume, LiDAR
1,258 m³
3 parcels, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
LINEOS
since 19892.042.635.205
LINEOS
since 19892.042.635.304
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0866/00S002 | Flanders | 228 m² | 1 · 74 m² | 12.4 m · 4 fl. |
| 44803C0581/00N002 | Flanders | 126 m² | 1 · 49 m² | 15.3 m · 4 fl. |
| 44805E0212/00K000 | Flanders | 91 m² | 1 · 90 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 913 companies in sector 43333 we hold annual accounts for 401. 141 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
Founded08-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
46412Wholesale of household textiles and bedding
46480Wholesale trade
47512Retail sale of household textiles and bedding
47770Retail sale of watches and jewellery
Contact
E-mail
Diane.vandewalle@icloud.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436887406
Also
9925:BE0436887406
Registered
05-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.