LINGO
ActiveSummary
LINGO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €176,309 and a net result of €12,148. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 564 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-23
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 10.76 against 10.45 in 2023; short-term debt: 9.2% and cash: 26.9% of total assets), and 9.2% of the assets are financed with debt.
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Signals
Three 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
40 d early
2022
39 d early
2021
44 d early
2020
36 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€176,309▲ 7.4%
2023 · €164,162
Total assets
€194,177▲ 7.1%
2023 · €181,257
Net result
€12,148▼ 81.6%
2023 · €66,022
Working capital
€174,320▲ 7.9%
2023 · €161,588
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€10,310▲ 420%€18,936▲ 83.7%€18,726▼ 1.1%€95,408▲ 409%€14,780▼ 84.5%
Net result€3,794€10,257▲ 170%€10,186▼ 0.7%€66,022▲ 548%€12,148▼ 81.6%
Equity€77,697▲ 5.1%€87,954▲ 13.2%€98,140▲ 11.6%€164,162▲ 67.3%€176,309▲ 7.4%
Total assets€209,796▼ 4.2%€219,630▲ 4.7%€220,400▲ 0.4%€181,257▼ 17.8%€194,177▲ 7.1%
Debt€132,098▼ 8.9%€131,676▼ 0.3%€122,261▼ 7.2%€17,096▼ 86.0%€17,868▲ 4.5%
Working capital€52,411▲ 7.3%€59,054▲ 12.7%€59,464▲ 0.7%€161,588▲ 172%€174,320▲ 7.9%
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 2024; 2024 is 85% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €194,177
Fixed assets
€1,989 ▼ 22.7%
Current assets
€192,188 ▲ 7.6%
Equity and liabilities €194,177
Equity
€176,309 ▲ 7.4%
Debt
€17,868 ▲ 4.5%
Debt's share of the balance-sheet total falls from 9.4% to 9.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,365▼
2023 · €96,242
Cash flow
€12,732▼
2023 · €66,856
Current ratio
10.76▲
2023 · 10.45
Debt to equity
0.10▼
2023 · 0.10
ROE
6.9%▼
2023 · 40.2%
ROA
6.3%▼
2023 · 36.4%
Interest coverage
31.06▲
2023 · 21.48
Debt ≤ 1 year
€17,868▲
2023 · €17,096
Income taxes
€5,337▼
2023 · €25,159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €90,124 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,553 | €6,934 | €8,122 | €834 | €585 | ▼ 29.9% |
| Other operating charges640/8 | - | €2,292 | €2,293 | €2,252 | €581 | ▼ 74.2% |
| Gross operating margin9900 | €19,140 | €28,162 | €29,141 | €98,494 | €15,946 | ▼ 83.8% |
| Operating profit (loss)9901 | €10,310 | €18,936 | €18,726 | €95,408 | €14,780 | ▼ 84.5% |
| Financial income75/76B | - | €12 | €0 | €254 | €3,199 | ▲ 1,160% |
| Recurring financial income75 | €38 | €12 | €0 | €254 | €3,199 | ▲ 1,160% |
| Financial charges65/66B | - | €3,853 | €3,579 | €4,481 | €495 | ▼ 89.0% |
| Recurring financial charges65 | €4,083 | €3,853 | €3,579 | €4,481 | €495 | ▼ 89.0% |
| Profit (loss) for the period before taxes9903 | €6,265 | €15,095 | €15,147 | €91,181 | €17,484 | ▼ 80.8% |
| Income taxes67/77 | €2,471 | €4,838 | €4,961 | €25,159 | €5,337 | ▼ 78.8% |
| Profit (loss) for the period9904 | €3,794 | €10,257 | €10,186 | €66,022 | €12,148 | ▼ 81.6% |
| Profit (loss) for the period to be appropriated9905 | €3,794 | €10,257 | €10,186 | €66,022 | €12,148 | ▼ 81.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €209,796 | €219,630 | €220,400 | €181,257 | €194,177 | ▲ 7.1% |
| Fixed assets21/28 | €139,466 | €136,070 | €138,622 | €2,573 | €1,989 | ▼ 22.7% |
| Tangible fixed assets22/27 | €139,466 | €136,070 | €138,622 | €2,573 | €1,989 | ▼ 22.7% |
| Land and buildings22 | - | €132,403 | €126,019 | €503 | €252 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | €841 | €2,653 | €2,070 | €1,737 | ▼ 16.1% |
| Furniture and vehicles24 | - | €2,827 | €9,950 | - | - | - |
| Current assets29/58 | €70,330 | €83,559 | €81,778 | €178,684 | €192,188 | ▲ 7.6% |
| Amounts receivable within one year40/41 | €16,991 | €19,367 | €20,156 | €16,562 | €14,966 | ▼ 9.6% |
| Trade receivables40 | - | €19,367 | €20,156 | €16,546 | €14,966 | ▼ 9.6% |
| Other amounts receivable41 | - | - | - | €16 | €0 | ▼ 97.4% |
| Current investments50/53 | - | - | - | €110,000 | €125,000 | ▲ 13.6% |
| Cash at bank and in hand54/58 | €53,339 | €64,193 | €61,622 | €52,121 | €52,222 | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €209,796 | €219,630 | €220,400 | €181,257 | €194,177 | ▲ 7.1% |
| Equity10/15 | €77,697 | €87,954 | €98,140 | €164,162 | €176,309 | ▲ 7.4% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €21,912 | €32,169 | €42,355 | €108,377 | €120,524 | ▲ 11.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €30,309 | €40,495 | €108,377 | €120,524 | ▲ 11.2% |
| Profit (loss) carried forward14 | €43,385 | €43,385 | €43,385 | €43,385 | €43,385 | = |
| Amounts payable17/49 | €132,098 | €131,676 | €122,261 | €17,096 | €17,868 | ▲ 4.5% |
| Amounts payable after more than one year17 | €113,308 | €106,299 | €99,076 | - | - | - |
| Financial debts170/4 | - | €106,299 | €99,076 | - | - | - |
| Amounts payable within one year42/48 | €17,919 | €24,506 | €22,315 | €17,096 | €17,868 | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | - | €7,009 | €7,223 | - | - | - |
| Trade debts44 | €2,372 | €3,004 | €537 | €2,430 | €1,333 | ▼ 45.2% |
| Suppliers440/4 | - | €3,004 | €537 | €2,430 | €1,333 | ▼ 45.2% |
| Taxes, remuneration and social security45 | - | €4,137 | €5,179 | €8,066 | €6,398 | ▼ 20.7% |
| Taxes450/3 | - | €4,137 | €5,179 | €8,066 | €6,398 | ▼ 20.7% |
| Other amounts payable47/48 | - | €10,356 | €9,375 | €6,599 | €10,137 | ▲ 53.6% |
| Accrued charges and deferred income492/3 | - | €871 | €870 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,794 | €10,257 | €10,186 | €66,022 | €12,148 | ▼ 81.6% |
| + Depreciation and write-downs630 | €6,553 | €6,934 | €8,122 | €834 | €585 | ▼ 29.9% |
| Operating cash flow (approximation) | €10,347 | €17,191 | €18,308 | €66,856 | €12,732 | ▼ 81.0% |
| Investment in fixed assets (approximation) | - | -€3,539 | -€10,674 | €135,215 | €0 | ▼ 100% |
| Change in cash | - | €10,854 | -€2,570 | -€9,501 | €101 | ▲ 101% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €66,022 ▲548%
Operating result €95,408, net result €66,022, both a record.
31-12
Financial
Liquidity triplescurrent ratio 10.45
Current ratio from 3.66 to 10.45; short-term debt falls from €22,315 to €17,096.
31-12
Financial
Equity above €150,000Eq €164,162 ▲67.3%
4 profitable years in a row build equity to €164,162.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €3,794
Net result €3,794 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€2,649
Net result drops to -€2,649, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Tongeren-Borgloon · 1 establishment unit since 2011
Ground area
2,271 m²
Building footprint
310 m²
Volume, LiDAR
1,333 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Luikersteenweg 403, 3700 Tongeren
since 20112.204.852.461
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73083D0501/00K000 | Flanders | 1,458 m² | 1 · 234 m² | 6.6 m · 1 fl. |
| 73094B0426/00F000 | Flanders | 813 m² | 1 · 76 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FrontLetter
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Of 4,528 companies in sector 74301 we hold annual accounts for 720. 570 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
Founded29-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
Scores and ratios are computed by Checked and are not a credit decision.