LINET
ActiveSummary
LINET has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €91,187 and a net result of -€6,874. Equity is growing by ~15.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▼-71
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 12.45 against 31.52 in 2023; short-term debt: 6.8% and cash: 29.5% of total assets), and 6.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
93.2%
Return on assets
-7%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
30 d early
2022
32 d early
2021
5 d late
2020
4 d early
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€91,187▼ 7.0%
2023 · €98,062
Total assets
€97,792▼ 2.9%
2023 · €100,668
Net result
-€6,874
2023 · €9,548
Working capital
€75,624▼ 4.9%
2023 · €79,528
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€40,255▲ 435%€27,763▼ 31.0%-€3,189€13,199-€6,616
Net result€28,327▲ 362%€18,698▼ 34.0%-€3,904€9,548-€6,874
Equity€73,720▲ 62.4%€92,418▲ 25.4%€88,514▼ 4.2%€98,062▲ 10.8%€91,187▼ 7.0%
Total assets€76,933▲ 56.4%€97,939▲ 27.3%€92,131▼ 5.9%€100,668▲ 9.3%€97,792▼ 2.9%
Debt€3,212▼ 15.3%€5,520▲ 71.8%€3,617▼ 34.5%€2,606▼ 27.9%€6,604▲ 153%
Working capital€61,159▲ 98.6%€56,953▼ 6.9%€58,577▲ 2.9%€79,528▲ 35.8%€75,624▼ 4.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,616 after €13,199 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97,792
Fixed assets
€15,563 ▼ 16.0%
Current assets
€82,228 ▲ 0.1%
Equity and liabilities €97,792
Equity
€91,187 ▼ 7.0%
Debt
€6,604 ▲ 153%
Debt's share of the balance-sheet total rises from 2.6% to 6.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,466▼
2023 · €18,693
Cash flow
-€1,724▼
2023 · €15,042
Current ratio
12.45▼
2023 · 31.52
Debt to equity
0.07▲
2023 · 0.03
ROE
-7.5%▼
2023 · 9.7%
ROA
-7.0%▼
2023 · 9.5%
Interest coverage
-13.38▼
2023 · 491.93
Debt ≤ 1 year
€6,604▲
2023 · €2,606
Income taxes
€148▼
2023 · €3,614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,916 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,750 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,240 | €5,818 | €7,608 | €5,494 | €5,150 | ▼ 6.3% |
| Other operating charges640/8 | - | €706 | €713 | €658 | €292 | ▼ 55.6% |
| Non-recurring operating charges66A | - | €428 | - | €64 | - | - |
| Gross operating margin9900 | €45,376 | €34,714 | €5,132 | €19,415 | -€1,174 | ▼ 106% |
| Operating profit (loss)9901 | €40,255 | €27,763 | -€3,189 | €13,199 | -€6,616 | ▼ 150% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | €0 | - | - | €1 | - | - |
| Financial charges65/66B | - | €50 | €50 | €38 | €110 | ▲ 188% |
| Recurring financial charges65 | €20 | €50 | €50 | €38 | €110 | ▲ 188% |
| Profit (loss) for the period before taxes9903 | €40,235 | €27,713 | -€3,239 | €13,162 | -€6,726 | ▼ 151% |
| Income taxes67/77 | €11,908 | €9,015 | €666 | €3,614 | €148 | ▼ 95.9% |
| Profit (loss) for the period9904 | €28,327 | €18,698 | -€3,904 | €9,548 | -€6,874 | ▼ 172% |
| Profit (loss) for the period to be appropriated9905 | €28,327 | €18,698 | -€3,904 | €9,548 | -€6,874 | ▼ 172% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,933 | €97,939 | €92,131 | €100,668 | €97,792 | ▼ 2.9% |
| Fixed assets21/28 | €12,561 | €35,466 | €29,937 | €18,534 | €15,563 | ▼ 16.0% |
| Tangible fixed assets22/27 | €11,151 | €34,056 | €28,527 | €17,124 | €14,153 | ▼ 17.3% |
| Plant, machinery and equipment23 | - | €1,100 | €244 | - | - | - |
| Furniture and vehicles24 | - | €1,359 | €2,219 | €17,124 | €14,153 | ▼ 17.3% |
| Other tangible fixed assets26 | - | €31,597 | €26,064 | - | - | - |
| Financial fixed assets28 | €1,410 | €1,410 | €1,410 | €1,410 | €1,410 | = |
| Current assets29/58 | €64,372 | €62,473 | €62,194 | €82,134 | €82,228 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €1,437 | €2,198 | €304 | €690 | €2,156 | ▲ 212% |
| Trade receivables40 | - | - | €304 | €304 | €304 | = |
| Other amounts receivable41 | - | €2,198 | €0 | €386 | €1,852 | ▲ 379% |
| Current investments50/53 | - | - | - | - | €36,000 | - |
| Cash at bank and in hand54/58 | €41,830 | €39,783 | €33,126 | €62,712 | €28,826 | ▼ 54.0% |
| Deferred charges and accrued income490/1 | - | €20,491 | €28,764 | €18,732 | €15,247 | ▼ 18.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,933 | €97,939 | €92,131 | €100,668 | €97,792 | ▼ 2.9% |
| Equity10/15 | €73,720 | €92,418 | €88,514 | €98,062 | €91,187 | ▼ 7.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €20,558 | €20,558 | €30,106 | €30,106 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €18,698 | €18,698 | €30,106 | €30,106 | = |
| Profit (loss) carried forward14 | €65,660 | €65,660 | €61,756 | €61,756 | €54,882 | ▼ 11.1% |
| Amounts payable17/49 | €3,212 | €5,520 | €3,617 | €2,606 | €6,604 | ▲ 153% |
| Amounts payable within one year42/48 | €3,212 | €5,520 | €3,617 | €2,606 | €6,604 | ▲ 153% |
| Financial debts43 | - | - | - | - | €2,218 | - |
| Credit institutions430/8 | - | - | - | - | €2,218 | - |
| Trade debts44 | €1,745 | €4,052 | €1,483 | €1,138 | €2,918 | ▲ 156% |
| Suppliers440/4 | - | €4,052 | €1,483 | €1,138 | €2,918 | ▲ 156% |
| Taxes, remuneration and social security45 | - | - | €666 | - | - | - |
| Taxes450/3 | - | - | €666 | - | - | - |
| Other amounts payable47/48 | - | €1,468 | €1,468 | €1,468 | €1,468 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,327 | €18,698 | -€3,904 | €9,548 | -€6,874 | ▼ 172% |
| + Depreciation and write-downs630 | €4,240 | €5,818 | €7,608 | €5,494 | €5,150 | ▼ 6.3% |
| Operating cash flow (approximation) | €32,567 | €24,516 | €3,704 | €15,042 | -€1,724 | ▼ 111% |
| Investment in fixed assets (approximation) | - | -€28,722 | -€2,079 | €5,909 | -€2,180 | ▼ 137% |
| Change in cash | - | -€2,047 | -€6,657 | €29,586 | -€33,887 | ▼ 215% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€6,874
Net result drops to -€6,874, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,548
Net result €9,548 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €28,327 ▲362%
Operating result €40,255, net result €28,327, both a record.
31-12
Financial
Liquidity doublescurrent ratio 20.04
Current ratio from 9.12 to 20.04; short-term debt falls from €3,791 to €3,212.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Back to profitnet €6,130
Net result €6,130 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Brasschaat · 1 establishment unit since 2008
Ground area
713 m²
Building footprint
109 m²
Volume, LiDAR
369 m³
Parcel 11008H0011/00G007, Flanders · tallest building 15.8 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lage Kaart 568, 2930 Brasschaat
since 20082.340.830.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008H0011/00G007 | Flanders | 713 m² | 1 · 109 m² | 15.8 m |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded05-05-2008
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897789636
Also
9925:BE0897789636
Registered
18-10-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.