LINESS
InactiveLINESS was declared bankrupt on 05-07-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 24-12-2024, published in the Belgian State Gazette on 10-01-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-11-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
30-11-2020 close30-06-2021 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-11-2019 was due by 30-06-2020 and was filed on 15-07-2020, 15 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
15 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, abbreviated schema
Equity
€15k▲ 759%
2018 · €2k
2018: €2k
2018 → 2019
Total assets
€167k▲ 46.9%
2018 · €114k
2018: €114k
2018 → 2019
Net result
€13k▼ 25.4%
2018 · €18k
2018: €18k
2018 → 2019
Working capital
€62k▲ 203%
2018 · €20k
2018: €20k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€2k-€15k▲ 759%
Operating result€19k-€17k▼ 8.1%
Net result€18k-€13k▼ 25.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 8% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €167k
Equity
€15k▲ 759%
Debt
€152k▲ 35.8%
The debt ratio falls from 98.5% to 91.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▼
2018 · €19k
Cash flow
€14k▼
2018 · €19k
Solvency
9.0%▲
2018 · 1.5%
Current ratio
1.58▲
2018 · 1.22
Quick ratio
1.57▲
2018 · 1.22
Debt / equity
0.30▼
2018 · 11.00
ROE
88.4%
ROA
8.0%▼
2018 · 15.7%
Debt
€152k▲
2018 · €112k
Debt ≤ 1 year
€106k▲
2018 · €93k
Debt > 1 year
€5k▼
2018 · €19k
Income taxes
€4k▲
2018 · €840
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 · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€114k€167k▲
Fixed assets21/28€733-
Tangible fixed assets22/27€733-
Current assets29/58€113k€167k▲
Stocks and contracts in progress3€259€1k▲
Amounts receivable within one year40/41€101k€70k▼
Cash at bank and in hand54/58€11k€10k▼
Equity and liabilities
Total equity and liabilities10/49€114k€167k▲
Equity10/15€2k€15k▲
Contributions10/11€1€1=
Reserves13€0€0=
Profit (loss) carried forward14€2k€15k▲
Amounts payable17/49€112k€152k▲
Amounts payable after more than one year17€19k€5k▼
Amounts payable within one year42/48€93k€106k▲
Trade debts44€31k€10k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€733€733=
Gross operating margin9900€21k€19k▼
Operating profit (loss)9901€19k€17k▼
Recurring financial income75€0€1▲
Recurring financial charges65€88€108▲
Profit (loss) for the period before taxes9903€19k€17k▼
Income taxes67/77€840€4k▲
Profit (loss) for the period9904€18k€13k▼
Profit (loss) for the period to be appropriated9905€18k€13k▼
Timeline · acts, filings and financial milestones
2025
10-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · LINESS BV STOOKT- STRAAT 70, 9600 RONSE · event 24-12-2024
2022
13-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · LINESS BV STOOKTSTRAAT 70, 9600 RONSE · event 05-07-2022
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 15 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 62 days late
2016
09-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 132 days late
SignalNBB filing
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
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 | ALI HEERMAN CITADELLAAN 12, 9000 GENT- |
05-07-2022 → present |