LINJAN
ActiveThe file of LINJAN contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.0% (moderate). The 2024 annual accounts show negative equity (€-38k) and a net result of €-79k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 11% of 26043 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-65
Solvency0▼-91
Growth32▼-46
Track record85
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 2.07 in 2023; short-term debt: 73.3% and cash: 5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
-62.3%
Return on assets
-131.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-38k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2026, 293 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
293 d late
2023
173 d late
2022
30 d late
2021
19 d early
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-38k
2023 · €42k
2019: €-16k
2020: €27k▲ +268% vs 2019
2021: €43k▲ +60.8% vs 2020
2022: €44k▲ +1.5% vs 2021highest in 6 years
2023: €42k▼ -4.2% vs 2022
2024: €-38k▼ -190% vs 2023lowest in 6 years
2019 → 2024
Total assets
€60k▼ 4.9%
2023 · €63k
2019: €55k
2020: €47k▼ -14.6% vs 2019lowest in 6 years
2021: €63k▲ +33.9% vs 2020
2022: €60k▼ -5.2% vs 2021
2023: €63k▲ +6.2% vs 2022highest in 6 years
2024: €60k▼ -4.9% vs 2023
2019 → 2024
Net result
€-79k▼ 4,225%
2023 · €-2k
2019: €-36k
2020: €44k▲ +223% vs 2019highest in 6 years
2021: €18k▼ -59.7% vs 2020
2022: €655▼ -96.3% vs 2021
2023: €-2k▼ -380% vs 2022
2024: €-79k▼ -4225% vs 2023lowest in 6 years
2019 → 2024
Working capital
€-34k
2023 · €23k
2019: €-19k
2020: €25k▲ +236% vs 2019
2021: €31k▲ +24.7% vs 2020highest in 6 years
2022: €23k▼ -26.0% vs 2021
2023: €23k▼ -0.8% vs 2022
2024: €-34k▼ -245% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€27k-€43k▲ 60.8%€44k▲ 1.5%€42k▼ 4.2%€-38k
2020: €27k
2021: €43k▲ +60.8% vs 2020
2022: €44k▲ +1.5% vs 2021highest in 5 years
2023: €42k▼ -4.2% vs 2022
2024: €-38k▼ -190% vs 2023lowest in 5 years
Operating result€49k-€23k▼ 52.1%€3k▼ 88.4%€-2k€-78k▼ 4,595%
2020: €49khighest in 5 years
2021: €23k▼ -52.1% vs 2020
2022: €3k▼ -88.4% vs 2021
2023: €-2k▼ -161% vs 2022
2024: €-78k▼ -4595% vs 2023lowest in 5 years
Net result€44k-€18k▼ 59.7%€655▼ 96.3%€-2k€-79k▼ 4,225%
2020: €44khighest in 5 years
2021: €18k▼ -59.7% vs 2020
2022: €655▼ -96.3% vs 2021
2023: €-2k▼ -380% vs 2022
2024: €-79k▼ -4225% vs 2023lowest in 5 years
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 €78k in 2024 against €2k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€50k ▲ 166%
Current assets
€11k ▼ 76.4%
Key figures and ratios
EBITDA
€-70k▼
2023 · €2k
Cash flow
€-72k▼
2023 · €1k
Solvency
-62.3%▼
2023 · 66.0%
Current ratio
0.24▼
2023 · 2.07
Quick ratio
0.16▼
2023 · 0.91
Debt to equity
-2.60▼
2023 · 0.52
ROA
-131.7%▼
2023 · -2.9%
Interest coverage
-47.19▼
2023 · 22.01
Debt
€98k▲
2023 · €22k
Debt ≤ 1 year
€44k▲
2023 · €22k
Debt > 1 year
€54k
Income taxes
€167▲
2023 · €114
Staff costs
€18k▼
2023 · €21k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€63k€60k▼
Fixed assets21/28€19k€50k▲
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€3k€44k▲
Plant, machinery and equipment23€3k€9k▲
Furniture and vehicles24-€36k
Financial fixed assets28€10k€2k▼
Current assets29/58€45k€11k▼
Stocks and contracts in progress3€25k€3k▼
Stocks30/36€25k€3k▼
Amounts receivable within one year40/41€11k€4k▼
Trade receivables40€8k€32▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€9k€3k▼
Deferred charges and accrued income490/1€368€542▲
Equity and liabilities
Total equity and liabilities10/49€63k€60k▼
Equity10/15€42k€-38k▼
Contributions10/11€20k€20k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14-€-79k
Amounts payable17/49€22k€98k▲
Amounts payable after more than one year17-€54k
Financial debts170/4-€54k
Amounts payable within one year42/48€22k€44k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44-€4k
Suppliers440/4-€4k
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€819€167▼
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€17k€27k▲
Income statement
Code20232024
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€21k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€289€1k▲
Gross operating margin9900€23k€-51k▼
Operating profit (loss)9901€-2k€-78k▼
Financial income75/76B€4€31▲
Recurring financial income75€4€31▲
Financial charges65/66B€68€1k▲
Recurring financial charges65€68€1k▲
Profit (loss) for the period before taxes9903€-2k€-79k▼
Income taxes67/77€114€167▲
Profit (loss) for the period9904€-2k€-79k▼
Profit (loss) for the period to be appropriated9905€-2k€-79k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-79k▼
Transfer from equity791/2€2k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | - | - |
| Remuneration, social security and pensions62 | - | - | - | €21k | €18k | ▼ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €330 | €2k | €3k | €7k | ▲ 129% |
| Other operating charges640/8 | - | €697 | €1k | €289 | €1k | ▲ 299% |
| Gross operating margin9900 | €50k | €24k | €6k | €23k | €-51k | ▼ 323% |
| Operating profit (loss)9901 | €49k | €23k | €3k | €-2k | €-78k | ▼ 4,595% |
| Financial income75/76B | - | €5 | €22 | €4 | €31 | ▲ 718% |
| Recurring financial income75 | €38 | €5 | €22 | €4 | €31 | ▲ 718% |
| Financial charges65/66B | - | €1k | €2k | €68 | €1k | ▲ 2,084% |
| Recurring financial charges65 | €2k | €985 | €2k | €68 | €1k | ▲ 2,084% |
| Non-recurring financial charges66B | - | €250 | €250 | - | - | - |
| Profit (loss) for the period before taxes9903 | €47k | €22k | €832 | €-2k | €-79k | ▼ 4,504% |
| Income taxes67/77 | €3k | €4k | €177 | €114 | €167 | ▲ 46.3% |
| Profit (loss) for the period9904 | €44k | €18k | €655 | €-2k | €-79k | ▼ 4,225% |
| Profit (loss) for the period to be appropriated9905 | €44k | €18k | €655 | €-2k | €-79k | ▼ 4,225% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47k | €63k | €60k | €63k | €60k | ▼ 4.9% |
| Fixed assets21/28 | €2k | €12k | €21k | €19k | €50k | ▲ 166% |
| Intangible fixed assets21 | - | - | €8k | €6k | €4k | ▼ 31.1% |
| Tangible fixed assets22/27 | - | €2k | €3k | €3k | €44k | ▲ 1,502% |
| Plant, machinery and equipment23 | - | €2k | €3k | €3k | €9k | ▲ 211% |
| Furniture and vehicles24 | - | - | - | - | €36k | - |
| Financial fixed assets28 | €2k | €10k | €10k | €10k | €2k | ▼ 85.1% |
| Current assets29/58 | €45k | €51k | €39k | €45k | €11k | ▼ 76.4% |
| Stocks and contracts in progress3 | €28k | €21k | €25k | €25k | €3k | ▼ 86.8% |
| Stocks30/36 | - | €21k | €25k | €25k | €3k | ▼ 86.8% |
| Amounts receivable within one year40/41 | €428 | €21k | €6k | €11k | €4k | ▼ 65.1% |
| Trade receivables40 | - | - | €5k | €8k | €32 | ▼ 99.6% |
| Other amounts receivable41 | - | €21k | €1k | €3k | €4k | ▲ 27.5% |
| Cash at bank and in hand54/58 | €15k | €6k | €2k | €9k | €3k | ▼ 65.3% |
| Deferred charges and accrued income490/1 | - | €3k | €5k | €368 | €542 | ▲ 47.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47k | €63k | €60k | €63k | €60k | ▼ 4.9% |
| Equity10/15 | €27k | €43k | €44k | €42k | €-38k | ▼ 190% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €7k | €7k | €24k | €22k | €22k | = |
| Distributable reserves133 | - | €7k | €24k | €22k | €22k | = |
| Profit (loss) carried forward14 | - | €16k | - | - | €-79k | - |
| Amounts payable17/49 | €20k | €20k | €16k | €22k | €98k | ▲ 353% |
| Amounts payable after more than one year17 | - | - | - | - | €54k | - |
| Financial debts170/4 | - | - | - | - | €54k | - |
| Amounts payable within one year42/48 | €20k | €20k | €16k | €22k | €44k | ▲ 105% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10k | - |
| Financial debts43 | - | - | €457 | - | - | - |
| Credit institutions430/8 | - | - | €457 | - | - | - |
| Trade debts44 | €7k | €8k | €12k | - | €4k | - |
| Suppliers440/4 | - | €8k | €12k | - | €4k | - |
| Advances received on contracts in progress46 | - | €499 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €6k | €4k | €5k | €3k | ▼ 35.8% |
| Taxes450/3 | - | €6k | €4k | €819 | €167 | ▼ 79.6% |
| Remuneration and social security454/9 | - | - | - | €4k | €3k | ▼ 26.6% |
| Other amounts payable47/48 | - | €6k | - | €17k | €27k | ▲ 62.1% |
| Accrued charges and deferred income492/3 | - | - | €154 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €18k | €655 | €-2k | €-79k | ▼ 4,225% |
| + Depreciation and write-downs630 | - | €330 | €2k | €3k | €7k | ▲ 129% |
| Operating cash flow (approximation) | €44k | €18k | €3k | €1k | €-72k | ▼ 5,537% |
| Investment in fixed assets (approximation) | - | €-10k | €-11k | €-1k | €-38k | ▼ 2,739% |
| Change in cash | - | €-9k | €-4k | €6k | €-6k | ▼ 189% |
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
2026
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 293 days late
2025
08-10
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 29-09-2025
20-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 16-06-2025
20-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 173 days late
2024
31-12
Financial
Weakest financial yearnet €-79k
Net result drops to €-79k, the lowest in the series.
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.26
Current ratio from 0.74 to 2.26; short-term debt falls from €71k to €20k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial 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, Sint-Niklaas · 1 establishment unit since 2018
Ground area
2,959 m²
Building footprint
944 m²
Volume, LiDAR
690 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LINJAN
since 20182.277.537.729
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C1201/00C000 | Flanders | 2,163 m² | 1 · 833 m² | 0.9 m |
| 46008A0296/00B002 | Flanders | 795 m² | 1 · 111 m² | 9.7 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
16-06-2025 → 29-09-2025 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteTemse2.277.537.729
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Of 2,475 companies in sector 47279 we hold annual accounts for 949. 782 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
Founded10-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
47621Retail sale of newspapers and periodicals
Scores and ratios are computed by Checked and are not a credit decision.