LINO
ActiveSummary
LINO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €210k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+97
Solvency52▲+52
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.38 in 2024; short-term debt: 54% and cash: 7.7% of total assets), but 73.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
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
26.5%
Return on assets
55%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
58 d early
2023
55 d early
2022
52 d early
2021
24 d late
2020
5 d late
2019
1 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€210k
2024 · €-28k
2018: €27k
2019: €16k▼ -40.8% vs 2018
2020: €135k▲ +729% vs 2019
2021: €-124k▼ -192% vs 2020
2022: €-190k▼ -52.4% vs 2021lowest in 8 years
2023: €-132k▲ +30.1% vs 2022
2024: €-28k▲ +79.2% vs 2023
2025: €210k▲ +862% vs 2024highest in 8 years
2018 → 2025
Working capital
€173k▲ 189%
2024 · €60k
2018: €117k
2019: €146k▲ +24.5% vs 2018
2020: €328k▲ +125% vs 2019highest in 8 years
2021: €276k▼ -15.7% vs 2020
2022: €143k▼ -48.4% vs 2021
2023: €82k▼ -42.8% vs 2022
2024: €60k▼ -26.3% vs 2023lowest in 8 years
2025: €173k▲ +189% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€241k-€51k▼ 78.6%€-81k€-109k▼ 34.0%€101k
2021: €241khighest in 5 years
2022: €51k▼ -78.6% vs 2021
2023: €-81k▼ -257% vs 2022
2024: €-109k▼ -34.0% vs 2023lowest in 5 years
2025: €101k▲ +193% vs 2024
Operating result€-118k-€-182k▼ 54.6%€-122k▲ 33.3%€-13k▲ 89.1%€281k
2021: €-118k
2022: €-182k▼ -54.6% vs 2021lowest in 5 years
2023: €-122k▲ +33.3% vs 2022
2024: €-13k▲ +89.1% vs 2023
2025: €281k▲ +2215% vs 2024highest in 5 years
Net result€-124k-€-190k▼ 52.4%€-132k▲ 30.1%€-28k▲ 79.2%€210k
2021: €-124k
2022: €-190k▼ -52.4% vs 2021lowest in 5 years
2023: €-132k▲ +30.1% vs 2022
2024: €-28k▲ +79.2% vs 2023
2025: €210k▲ +862% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €281k after a loss of €13k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €381k
Fixed assets
€2k ▼ 34.1%
Current assets
€379k ▲ 72.8%
Equity and liabilities €381k
Equity
€101k
Debt
€280k
Debt finances 73.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€282k▲
2024 · €-11k
Cash flow
€211k▲
2024 · €-25k
Current ratio
1.84▲
2024 · 1.38
Debt to equity
2.77▲
2024 · -3.05
ROE
207.3%
ROA
55.0%▲
2024 · -12.4%
Interest coverage
25.33▲
2024 · -0.94
Debt ≤ 1 year
€206k▲
2024 · €160k
Debt > 1 year
€74k▼
2024 · €172k
Income taxes
€62k▲
2024 · €3k
Staff costs
€117k▼
2024 · €170k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€223k€381k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€852-
Furniture and vehicles24€150-
Other tangible fixed assets26€2k€2k=
Current assets29/58€220k€379k▲
Amounts receivable within one year40/41€207k€345k▲
Trade receivables40€121k€107k▼
Other amounts receivable41€86k€238k▲
Cash at bank and in hand54/58€6k€29k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€223k€381k▲
Equity10/15€-109k€101k▲
Contributions10/11€139k€139k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€-262k€-52k▲
Amounts payable17/49€331k€280k▼
Amounts payable after more than one year17€172k€74k▼
Financial debts170/4€172k€74k▼
Amounts payable within one year42/48€160k€206k▲
Trade debts44€119k€8k▼
Suppliers440/4€119k€8k▼
Taxes, remuneration and social security45€20k€77k▲
Taxes450/3€4k€69k▲
Remuneration and social security454/9€15k€8k▼
Other amounts payable47/48€21k€121k▲
Income statement
Code20242025
Non-recurring operating income76A€31k€36k▲
Remuneration, social security and pensions62€170k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€106k€1k▼
Gross operating margin9900€266k€400k▲
Operating profit (loss)9901€-13k€281k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€11k€11k▼
Recurring financial charges65€11k€11k▼
Profit (loss) for the period before taxes9903€-25k€271k▲
Income taxes67/77€3k€62k▲
Profit (loss) for the period9904€-28k€210k▲
Profit (loss) for the period to be appropriated9905€-28k€210k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-262k€-52k▲
Profit (loss) brought forward from the previous period14P€-234k€-262k▼
The notes to these accounts (9 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 | - | - | €72k | €31k | €36k | ▲ 16.1% |
| Remuneration, social security and pensions62 | €264k | €333k | €140k | €170k | €117k | ▼ 31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €23k | €10k | €2k | €1k | ▼ 59.7% |
| Other operating charges640/8 | €2k | €5k | €210k | €106k | €1k | ▼ 99.0% |
| Gross operating margin9900 | €176k | €178k | €239k | €266k | €400k | ▲ 50.7% |
| Operating profit (loss)9901 | €-118k | €-182k | €-122k | €-13k | €281k | ▲ 2,215% |
| Financial income75/76B | €229 | - | - | - | €1k | - |
| Recurring financial income75 | €229 | - | - | - | €1k | - |
| Financial charges65/66B | €6k | €7k | €10k | €11k | €11k | ▼ 2.8% |
| Recurring financial charges65 | €6k | €7k | €10k | €11k | €11k | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €-124k | €-189k | €-132k | €-25k | €271k | ▲ 1,196% |
| Income taxes67/77 | €850 | €886 | €661 | €3k | €62k | ▲ 2,139% |
| Profit (loss) for the period9904 | €-124k | €-190k | €-132k | €-28k | €210k | ▲ 862% |
| Profit (loss) for the period to be appropriated9905 | €-124k | €-190k | €-132k | €-28k | €210k | ▲ 862% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €449k | €317k | €201k | €223k | €381k | ▲ 71.4% |
| Fixed assets21/28 | €38k | €16k | €5k | €3k | €2k | ▼ 34.1% |
| Intangible fixed assets21 | €13k | €7k | €353 | - | - | - |
| Tangible fixed assets22/27 | €26k | €9k | €5k | €3k | €2k | ▼ 34.1% |
| Plant, machinery and equipment23 | €5k | €3k | €2k | €852 | - | - |
| Furniture and vehicles24 | €15k | €2k | €635 | €150 | - | - |
| Other tangible fixed assets26 | €6k | €4k | €2k | €2k | €2k | = |
| Current assets29/58 | €411k | €301k | €196k | €220k | €379k | ▲ 72.8% |
| Amounts receivable within one year40/41 | €358k | €263k | €173k | €207k | €345k | ▲ 66.5% |
| Trade receivables40 | €350k | €262k | €173k | €121k | €107k | ▼ 11.9% |
| Other amounts receivable41 | €8k | €1k | €166 | €86k | €238k | ▲ 178% |
| Cash at bank and in hand54/58 | €51k | €31k | €17k | €6k | €29k | ▲ 389% |
| Deferred charges and accrued income490/1 | €2k | €7k | €6k | €6k | €5k | ▼ 19.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €449k | €317k | €201k | €223k | €381k | ▲ 71.4% |
| Equity10/15 | €241k | €51k | €-81k | €-109k | €101k | ▲ 193% |
| Contributions10/11 | €139k | €139k | €139k | €139k | €139k | = |
| Reserves13 | €14k | €14k | €14k | €14k | €14k | = |
| Non-distributable reserves130/1 | €14k | €14k | €14k | - | - | - |
| Reserves not available under the articles1311 | €14k | €14k | €14k | - | - | - |
| Distributable reserves133 | - | - | - | €14k | €14k | = |
| Profit (loss) carried forward14 | €88k | €-102k | €-234k | €-262k | €-52k | ▲ 80.1% |
| Amounts payable17/49 | €208k | €265k | €282k | €331k | €280k | ▼ 15.4% |
| Amounts payable after more than one year17 | €74k | €107k | €168k | €172k | €74k | ▼ 56.7% |
| Financial debts170/4 | €74k | €107k | €168k | €172k | €74k | ▼ 56.7% |
| Amounts payable within one year42/48 | €134k | €158k | €114k | €160k | €206k | ▲ 29.1% |
| Trade debts44 | €100k | €144k | €88k | €119k | €8k | ▼ 93.3% |
| Suppliers440/4 | €100k | €144k | €88k | €119k | €8k | ▼ 93.3% |
| Taxes, remuneration and social security45 | €34k | €14k | €18k | €20k | €77k | ▲ 288% |
| Taxes450/3 | €5k | €886 | €3k | €4k | €69k | ▲ 1,438% |
| Remuneration and social security454/9 | €29k | €13k | €15k | €15k | €8k | ▼ 46.8% |
| Other amounts payable47/48 | - | - | €8k | €21k | €121k | ▲ 486% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-124k | €-190k | €-132k | €-28k | €210k | ▲ 862% |
| + Depreciation and write-downs630 | €28k | €23k | €10k | €2k | €1k | ▼ 59.7% |
| Operating cash flow (approximation) | €-96k | €-167k | €-122k | €-25k | €211k | ▲ 942% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | ▲ 100% |
| Change in cash | - | €-20k | €-14k | €-11k | €23k | ▲ 318% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €210k
Net result €210k after 4 loss-making years.
31-12
Financial
Equity above €100kEq €101k
Equity rises from €-109k to €101k.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-190k
Net result drops to €-190k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brussel · 1 establishment unit since 1990
Ground area
2,208 m²
Building footprint
3,622 m²
Volume, LiDAR
77,667 m³
Parcel 21804D1152/00R000, Brussels · tallest building 32.7 m, ±7 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
SERVICES SUPPORTS
since 19902.047.612.788
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1152/00R000 | Brussels | 2,208 m² | 1 · 3,622 m² | 32.7 m · 7 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.
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Of 2,267 companies in sector 69209 we hold annual accounts for 1,098. 847 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
Founded15-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.