LINNAEUS
ActiveSummary
The computed 12-month bankruptcy probability of LINNAEUS is 1.6% (moderate). The 2024 annual accounts show negative equity (-€144,202) and a net result of -€13,229. Equity is shrinking by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 1078 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability35▲+32
Solvency10▼-2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.26 in 2023; short-term debt: 61% and cash: 1.2% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-15.4%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€144,202
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 07-07-2025, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
27 d early
2022
34 d early
2021
26 d early
2020
39 d early
2019
25 d late
← 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 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€144,202▼ 10.1%
2023 · -€130,973
Total assets
€937,186▼ 8.4%
2023 · €1.0m
Net result
-€13,229▲ 90.1%
2023 · -€132,971
Working capital
-€458,042▼ 2.1%
2023 · -€448,837
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€13,384▲ 37.0%€32,659€93,717▲ 187%-€108,458€26,089
Net result-€33,706below the sector's middle half▲ 5.2%€19,165within the sector's middle half€80,991within the sector's middle half▲ 323%-€132,971below the sector's middle half-€13,229below the sector's middle half▲ 90.1%
Equity-€98,158below the sector's middle half▼ 52.3%-€78,993below the sector's middle half▲ 19.5%€1,998below the sector's middle half-€130,973below the sector's middle half-€144,202below the sector's middle half▼ 10.1%
Total assets€407,281within the sector's middle half▼ 39.1%€329,651below the sector's middle half▼ 19.1%€544,458within the sector's middle half▲ 65.2%€1.0mwithin the sector's middle half▲ 87.9%€937,186within the sector's middle half▼ 8.4%
Debt€505,439▼ 31.0%€408,643▼ 19.2%€542,460▲ 32.7%€1.2m▲ 113%€1.1m▼ 6.3%
Working capital-€166,633below the sector's middle half▲ 19.1%-€152,319below the sector's middle half▲ 8.6%-€178,142below the sector's middle half▼ 17.0%-€448,837below the sector's middle half▼ 152%-€458,042below the sector's middle half▼ 2.1%
Solvency-24.1%below the sector's middle half▼ 14.5pp-24.0%below the sector's middle half▲ 0.1pp0.4%below the sector's middle half▲ 24.3pp-12.8%below the sector's middle half▼ 13.2pp-15.4%below the sector's middle half▼ 2.6pp
Current ratio0.48below the sector's middle half▲ 0.180.35below the sector's middle half▼ 0.120.54below the sector's middle half▲ 0.190.26below the sector's middle half▼ 0.280.20below the sector's middle half▼ 0.06
Return on assets (ROA)-8.3%below the sector's middle half▼ 3.0pp5.8%within the sector's middle half▲ 14.1pp14.9%above the sector's middle half▲ 9.1pp-13.0%below the sector's middle half▼ 27.9pp-1.4%below the sector's middle half▲ 11.6pp
Staff (FTE)6.1within the sector's middle half▲ 3.4%6.8within the sector's middle half▲ 11.5%7.5within the sector's middle half▲ 10.3%6.7within the sector's middle half▼ 10.7%4.8within the sector's middle half▼ 28.4%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
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 2024: €26,089 after a loss of €108,458 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €937,186
Fixed assets
€823,736 ▼ 4.6%
Current assets
€113,450 ▼ 29.0%
Key figures and ratios
EBITDA
€85,651▲
2023 · -€16,651
Cash flow
€46,333▲
2023 · -€41,165
Quick ratio
0.18▼
2023 · 0.25
Debt to equity
-7.50▲
2023 · -8.81
Interest coverage
2.17▲
2023 · -0.69
Debt ≤ 1 year
€571,491▼
2023 · €608,530
Debt > 1 year
€509,896▼
2023 · €545,664
Income taxes
€56▼
2023 · €636
Staff costs
€298,089▼
2023 · €395,885
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,662 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% | 1.7% |
| 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 75% 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 2,338 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 | - | - | - | €400 | - | - |
| Remuneration, social security and pensions62 | - | €327,740 | €384,996 | €395,885 | €298,089 | ▼ 24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,455 | €50,442 | €43,951 | €91,807 | €59,562 | ▼ 35.1% |
| Other operating charges640/8 | - | €11,916 | €13,208 | €8,819 | €40,228 | ▲ 356% |
| Non-recurring operating charges66A | - | - | - | - | €157 | - |
| Gross operating margin9900 | €348,130 | €422,756 | €535,872 | €388,053 | €424,126 | ▲ 9.3% |
| Operating profit (loss)9901 | -€13,384 | €32,659 | €93,717 | -€108,458 | €26,089 | ▲ 124% |
| Financial income75/76B | - | €2,377 | €64 | €130 | €185 | ▲ 42.1% |
| Recurring financial income75 | €343 | €2,377 | €64 | €130 | €185 | ▲ 42.1% |
| Financial charges65/66B | - | €15,294 | €12,183 | €24,008 | €39,448 | ▲ 64.3% |
| Recurring financial charges65 | €20,115 | €15,294 | €12,183 | €24,008 | €39,448 | ▲ 64.3% |
| Profit (loss) for the period before taxes9903 | -€33,155 | €19,741 | €81,599 | -€132,335 | -€13,173 | ▲ 90.0% |
| Income taxes67/77 | €551 | €576 | €608 | €636 | €56 | ▼ 91.3% |
| Profit (loss) for the period9904 | -€33,706 | €19,165 | €80,991 | -€132,971 | -€13,229 | ▲ 90.1% |
| Profit (loss) for the period to be appropriated9905 | -€33,706 | €19,165 | €80,991 | -€132,971 | -€13,229 | ▲ 90.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €407,281 | €329,651 | €544,458 | €1.0m | €937,186 | ▼ 8.4% |
| Fixed assets21/28 | €256,257 | €247,187 | €331,585 | €863,528 | €823,736 | ▼ 4.6% |
| Tangible fixed assets22/27 | €256,122 | €247,052 | €331,200 | €863,143 | €823,351 | ▼ 4.6% |
| Land and buildings22 | - | €157,273 | €223,901 | €753,335 | €736,988 | ▼ 2.2% |
| Plant, machinery and equipment23 | - | €13,062 | €24,735 | €28,659 | €21,618 | ▼ 24.6% |
| Furniture and vehicles24 | - | €33,483 | €17,367 | €3,060 | €8,959 | ▲ 193% |
| Leasing and similar rights25 | - | €43,234 | €65,197 | €78,088 | €55,785 | ▼ 28.6% |
| Financial fixed assets28 | €135 | €135 | €385 | €385 | €385 | = |
| Current assets29/58 | €151,023 | €82,464 | €212,873 | €159,693 | €113,450 | ▼ 29.0% |
| Stocks and contracts in progress3 | €9,194 | €8,000 | €20,378 | €10,553 | €10,709 | ▲ 1.5% |
| Stocks30/36 | - | €8,000 | €20,378 | €10,553 | €10,709 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €134,778 | €67,809 | €160,412 | €144,254 | €91,790 | ▼ 36.4% |
| Trade receivables40 | - | €56,279 | €139,181 | €132,439 | €76,794 | ▼ 42.0% |
| Other amounts receivable41 | - | €11,531 | €21,231 | €11,814 | €14,996 | ▲ 26.9% |
| Cash at bank and in hand54/58 | €7,051 | €6,655 | €30,674 | €4,886 | €10,952 | ▲ 124% |
| Deferred charges and accrued income490/1 | - | - | €1,410 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €407,281 | €329,651 | €544,458 | €1.0m | €937,186 | ▼ 8.4% |
| Equity10/15 | -€98,158 | -€78,993 | €1,998 | -€130,973 | -€144,202 | ▼ 10.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €22,801 | €22,801 | €22,801 | €22,801 | €22,801 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €20,941 | €20,941 | €20,941 | €20,941 | = |
| Profit (loss) carried forward14 | -€127,159 | -€107,994 | -€27,003 | -€159,974 | -€173,203 | ▼ 8.3% |
| Amounts payable17/49 | €505,439 | €408,643 | €542,460 | €1.2m | €1.1m | ▼ 6.3% |
| Amounts payable after more than one year17 | €187,783 | €173,861 | €151,445 | €545,664 | €509,896 | ▼ 6.6% |
| Financial debts170/4 | - | €173,861 | €151,445 | €545,664 | €509,896 | ▼ 6.6% |
| Amounts payable within one year42/48 | €317,656 | €234,782 | €391,015 | €608,530 | €571,491 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | - | €48,570 | €53,587 | €66,678 | €49,148 | ▼ 26.3% |
| Financial debts43 | - | €30,989 | €58,917 | €125,000 | €125,000 | = |
| Credit institutions430/8 | - | €30,989 | €58,917 | €125,000 | €125,000 | = |
| Trade debts44 | €138,701 | €52,205 | €183,868 | €194,129 | €137,220 | ▼ 29.3% |
| Suppliers440/4 | - | €52,205 | €183,868 | €194,129 | €137,220 | ▼ 29.3% |
| Taxes, remuneration and social security45 | - | €65,893 | €75,590 | €68,399 | €123,047 | ▲ 79.9% |
| Taxes450/3 | - | €44,580 | €39,286 | €14,685 | €56,057 | ▲ 282% |
| Remuneration and social security454/9 | - | €21,313 | €36,304 | €53,713 | €66,990 | ▲ 24.7% |
| Other amounts payable47/48 | - | €37,126 | €19,054 | €154,324 | €137,076 | ▼ 11.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,706 | €19,165 | €80,991 | -€132,971 | -€13,229 | ▲ 90.1% |
| + Depreciation and write-downs630 | €58,455 | €50,442 | €43,951 | €91,807 | €59,562 | ▼ 35.1% |
| Operating cash flow (approximation) | €24,749 | €69,607 | €124,942 | -€41,165 | €46,333 | ▲ 213% |
| Investment in fixed assets (approximation) | - | -€41,371 | -€128,349 | -€623,749 | -€19,771 | ▲ 96.8% |
| Change in cash | - | -€396 | €24,018 | -€25,788 | €6,066 | ▲ 124% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€132,971
Net result drops to -€132,971, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €80,991 ▲323%
Operating result €93,717, net result €80,991, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €19,165
Net result €19,165 after 3 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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 6 acts read
About the unread acts
We know of 6 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
6 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, Wevelgem · 1 establishment unit since 2015
Ground area
271 m²
Building footprint
153 m²
Volume, LiDAR
896 m³
Parcel 34041A0402/00W002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Linnaeus
since 20152.247.135.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041A0402/00W002 | Flanders | 271 m² | 1 · 153 m² | 10.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,619 EUR awarded · 2,686 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 110 EUR | 177 EUR |
| 2023 | 1 | 2,317 EUR | 2,317 EUR |
| 2022 | 1 | 192 EUR | 192 EUR |
Recognitions · licences · registrations
Dual-learning approval
6 live approvalsGroenaanleg en –beheer duaal (so)
Medewerker groen- en tuinaanleg (vwo)
Medewerker groen- en tuinaanleg duaal (so)
Medewerker groen- en tuinbeheer (vwo)
Medewerker groen- en tuinbeheer duaal (so)
Tuinaanlegger-groenbeheerder duaal (so)
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Of 21,225 companies in sector 81300 we hold annual accounts for 4,369. 864 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
Founded12-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0640853957
Also
9925:BE0640853957
Registered
24-11-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.