LINITRANS
ActiveSummary
LINITRANS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €803k and a net result of €71k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+68
Solvency100▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.68 against 3.42 in 2024; short-term debt: 17.1% and cash: 1.5% of total assets), and 20.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.4%
Return on assets
7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d late
2023
63 d late
2022
28 d late
2021
36 d late
2020
3 d early
2019
29 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€803k▲ 9.7%
2024 · €732k
2018: €477k
2019: €417k▼ -12.6% vs 2018
2020: €364k▼ -12.6% vs 2019
2021: €334k▼ -8.3% vs 2020lowest in 8 years
2022: €728k▲ +118% vs 2021
2023: €807k▲ +10.7% vs 2022highest in 8 years
2024: €732k▼ -9.2% vs 2023
2025: €803k▲ +9.7% vs 2024
2018 → 2025
Total assets
€1.01M▲ 0.6%
2024 · €1.01M
2018: €1.94M
2019: €2.06M▲ +6.6% vs 2018highest in 8 years
2020: €1.92M▼ -6.8% vs 2019
2021: €1.82M▼ -5.2% vs 2020
2022: €1.33M▼ -27.0% vs 2021
2023: €1.16M▼ -12.9% vs 2022
2024: €1.01M▼ -13.2% vs 2023lowest in 8 years
2025: €1.01M▲ +0.6% vs 2024
2018 → 2025
Net result
€71k
2024 · €-74k
2018: €2k
2019: €-60k▼ -3425% vs 2018
2020: €-53k▲ +12.4% vs 2019
2021: €-30k▲ +42.7% vs 2020
2022: €395k▲ +1409% vs 2021highest in 8 years
2023: €78k▼ -80.2% vs 2022
2024: €-74k▼ -195% vs 2023lowest in 8 years
2025: €71k▲ +196% vs 2024
2018 → 2025
Working capital
€464k▲ 11.5%
2024 · €416k
2018: €124k
2019: €12k▼ -90.2% vs 2018
2020: €6k▼ -51.2% vs 2019
2021: €-81k▼ -1464% vs 2020lowest in 8 years
2022: €569k▲ +805% vs 2021highest in 8 years
2023: €492k▼ -13.6% vs 2022
2024: €416k▼ -15.5% vs 2023
2025: €464k▲ +11.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€334k-€728k▲ 118%€807k▲ 10.7%€732k▼ 9.2%€803k▲ 9.7%
2021: €334klowest in 5 years
2022: €728k▲ +118% vs 2021
2023: €807k▲ +10.7% vs 2022highest in 5 years
2024: €732k▼ -9.2% vs 2023
2025: €803k▲ +9.7% vs 2024
Operating result€4k-€554k▲ 14,947%€72k▼ 87.0%€-73k€78k
2021: €4k
2022: €554k▲ +14947% vs 2021highest in 5 years
2023: €72k▼ -87.0% vs 2022
2024: €-73k▼ -202% vs 2023lowest in 5 years
2025: €78k▲ +207% vs 2024
Net result€-30k-€395k€78k▼ 80.2%€-74k€71k
2021: €-30k
2022: €395k▲ +1409% vs 2021highest in 5 years
2023: €78k▼ -80.2% vs 2022
2024: €-74k▼ -195% vs 2023lowest in 5 years
2025: €71k▲ +196% vs 2024
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 returns to profit in 2025: €78k after a loss of €73k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€375k ▼ 10.2%
Current assets
€637k ▲ 8.2%
Equity and liabilities €1.01M
Equity
€803k ▲ 9.7%
Debt
€208k ▼ 23.8%
Debt's share of the balance-sheet total falls from 27.2% to 20.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▲
2024 · €-54k
Cash flow
€74k▲
2024 · €-55k
Current ratio
3.68▲
2024 · 3.42
Debt to equity
0.26▼
2024 · 0.37
ROE
8.8%▲
2024 · -10.1%
ROA
7.0%▲
2024 · -7.4%
Interest coverage
11.97▲
2024 · -5.29
Debt ≤ 1 year
€173k▲
2024 · €172k
Debt > 1 year
€33k▼
2024 · €98k
Income taxes
€601▲
2024 · €286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€1.01M▲
Fixed assets21/28€418k€375k▼
Tangible fixed assets22/27€62k€6k▼
Land and buildings22€0-
Furniture and vehicles24€62k€6k▼
Financial fixed assets28€356k€369k▲
Current assets29/58€588k€637k▲
Amounts receivable within one year40/41€579k€621k▲
Trade receivables40€6k€100k▲
Other amounts receivable41€574k€521k▼
Current investments50/53€0-
Cash at bank and in hand54/58€7k€15k▲
Deferred charges and accrued income490/1€2k€615▼
Equity and liabilities
Total equity and liabilities10/49€1.01M€1.01M▲
Equity10/15€732k€803k▲
Contributions10/11€742k€742k=
Reserves13€65k€65k=
Distributable reserves133€65k€65k=
Profit (loss) carried forward14€-74k€-3k▲
Amounts payable17/49€273k€208k▼
Amounts payable after more than one year17€98k€33k▼
Financial debts170/4€98k€33k▼
Amounts payable within one year42/48€172k€173k▲
Current portion of amounts payable after more than one year42€44k€31k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€18k€15k▼
Suppliers440/4€18k€15k▼
Advances received on contracts in progress46€50k€50k=
Taxes, remuneration and social security45€781€10k▲
Taxes450/3€781€10k▲
Other amounts payable47/48€60k€67k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Non-recurring operating income76A€22k€31k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€-49k€90k▲
Operating profit (loss)9901€-73k€78k▲
Financial income75/76B€9k€4▼
Recurring financial income75€9k€4▼
Financial charges65/66B€10k€7k▼
Recurring financial charges65€10k€7k▼
Profit (loss) for the period before taxes9903€-74k€72k▲
Income taxes67/77€286€601▲
Profit (loss) for the period9904€-74k€71k▲
Profit (loss) for the period to be appropriated9905€-74k€71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-74k€-3k▲
Profit (loss) brought forward from the previous period14P€0€-74k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | €22k | €31k | ▲ 39.6% |
| Remuneration, social security and pensions62 | €89k | €51k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €2k | €20k | €20k | €3k | ▼ 85.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | €48k | €0 | - | - |
| Other operating charges640/8 | €22k | €25k | €7k | €4k | €3k | ▼ 27.8% |
| Non-recurring operating charges66A | €6k | €60k | - | - | €6k | - |
| Gross operating margin9900 | €175k | €691k | €147k | €-49k | €90k | ▲ 283% |
| Operating profit (loss)9901 | €4k | €554k | €72k | €-73k | €78k | ▲ 207% |
| Financial income75/76B | €3k | €6k | €39k | €9k | €4 | ▼ 100.0% |
| Recurring financial income75 | €3k | €6k | €39k | €9k | €4 | ▼ 100.0% |
| Financial charges65/66B | €35k | €128k | €7k | €10k | €7k | ▼ 33.1% |
| Recurring financial charges65 | €35k | €128k | €7k | €10k | €7k | ▼ 33.1% |
| Profit (loss) for the period before taxes9903 | €-28k | €433k | €103k | €-74k | €72k | ▲ 197% |
| Income taxes67/77 | €2k | €38k | €25k | €286 | €601 | ▲ 110% |
| Profit (loss) for the period9904 | €-30k | €395k | €78k | €-74k | €71k | ▲ 196% |
| Transfer from tax-exempt reserves789 | €13k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-17k | €395k | €78k | €-74k | €71k | ▲ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.82M | €1.33M | €1.16M | €1.01M | €1.01M | ▲ 0.6% |
| Fixed assets21/28 | €1.50M | €281k | €457k | €418k | €375k | ▼ 10.2% |
| Tangible fixed assets22/27 | €1.49M | €75k | €159k | €62k | €6k | ▼ 91.0% |
| Land and buildings22 | €1.49M | €62k | €78k | €0 | - | - |
| Furniture and vehicles24 | €735 | €13k | €81k | €62k | €6k | ▼ 91.0% |
| Financial fixed assets28 | €6k | €206k | €298k | €356k | €369k | ▲ 3.8% |
| Current assets29/58 | €323k | €1.05M | €702k | €588k | €637k | ▲ 8.2% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €303k | €413k | €451k | €579k | €621k | ▲ 7.1% |
| Trade receivables40 | €235k | €123k | €27k | €6k | €100k | ▲ 1,692% |
| Other amounts receivable41 | €68k | €290k | €424k | €574k | €521k | ▼ 9.2% |
| Current investments50/53 | - | €442k | €240k | €0 | - | - |
| Cash at bank and in hand54/58 | €17k | €194k | €8k | €7k | €15k | ▲ 122% |
| Deferred charges and accrued income490/1 | €3k | €740 | €3k | €2k | €615 | ▼ 66.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.82M | €1.33M | €1.16M | €1.01M | €1.01M | ▲ 0.6% |
| Equity10/15 | €334k | €728k | €807k | €732k | €803k | ▲ 9.7% |
| Contributions10/11 | €742k | €742k | €742k | €742k | €742k | = |
| Reserves13 | €2k | €2k | €65k | €65k | €65k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | €65k | €65k | €65k | = |
| Profit (loss) carried forward14 | €-410k | €-16k | - | €-74k | €-3k | ▲ 95.6% |
| Amounts payable17/49 | €1.49M | €602k | €352k | €273k | €208k | ▼ 23.8% |
| Amounts payable after more than one year17 | €1.09M | €122k | €143k | €98k | €33k | ▼ 66.9% |
| Financial debts170/4 | €1.09M | €122k | €143k | €98k | €33k | ▼ 66.9% |
| Amounts payable within one year42/48 | €403k | €480k | €209k | €172k | €173k | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | €90k | €28k | €44k | €44k | €31k | ▼ 28.7% |
| Financial debts43 | - | - | €42k | €0 | - | - |
| Credit institutions430/8 | - | - | €42k | €0 | - | - |
| Trade debts44 | €109k | €65k | €43k | €18k | €15k | ▼ 17.4% |
| Suppliers440/4 | €109k | €65k | €43k | €18k | €15k | ▼ 17.4% |
| Advances received on contracts in progress46 | - | - | €50k | €50k | €50k | = |
| Taxes, remuneration and social security45 | €44k | €2k | €824 | €781 | €10k | ▲ 1,205% |
| Taxes450/3 | €2k | €2k | €824 | €781 | €10k | ▲ 1,205% |
| Remuneration and social security454/9 | €42k | €0 | - | - | - | - |
| Other amounts payable47/48 | €160k | €385k | €31k | €60k | €67k | ▲ 11.7% |
| Accrued charges and deferred income492/3 | - | €79 | €368 | €3k | €3k | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-30k | €395k | €78k | €-74k | €71k | ▲ 196% |
| + Depreciation and write-downs630 | €55k | €2k | €20k | €20k | €3k | ▼ 85.6% |
| Operating cash flow (approximation) | €25k | €397k | €98k | €-55k | €74k | ▲ 235% |
| Investment in fixed assets (approximation) | - | €1.22M | €-196k | €20k | €40k | ▲ 98.5% |
| Change in cash | - | €177k | €-186k | €-1k | €8k | ▲ 823% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Back to profitnet €395k
Net result €395k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.19
Current ratio from 0.80 to 2.19.
31-12
Financial
Equity above €500kEq €728k ▲118%
Equity rises from €334k to €728k.
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 36 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Diksmuide · 1 establishment unit since 2002
Ground area
4,647 m²
Building footprint
289 m²
Volume, LiDAR
1,228 m³
Parcel 32026D0401/00Y000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Woumenweg 166, 8600 Diksmuide
since 20022.114.714.519
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32026D0401/00Y000 | Flanders | 4,647 m² | 1 · 289 m² | 7.4 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
875500LM8R4POQRWIO47
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DE WEST-HOEK
BE 0432.653.058
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MANOH
BE 0789.624.045
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ETABLISSEMENTS NADIN
BE 0446.206.730
Arlon · Eq €802,009
Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 4,479 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
Founded29-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.