Summary
LINSCO is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €57,706 and a net result of €69,570. Its solvency ranks better than 31% of 9,757 sector peers (NACE 64, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-12-2022 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.343.522.770 9990 Maldegem, since 26-12-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 26-02-2026
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts to 30-09-2025
- Profit
- €69,570
- ▲ 7.6%
- Equity
- €57,706
- ▲ 105%
- Total assets
- €206,298
- ▲ 29.0%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average on the deadline day. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end04-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 2 filings
Equity
€57,706▲ 105%
2024 · €28,136
Net result
€69,570▲ 7.6%
2024 · €64,636
Total assets
€206,298▲ 29.0%
2024 · €159,966
Solvency
28.0%▲ 10.4pp
2024 · 17.6%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€77,126
▲ 8.3%
2025
20242025
Net result
€69,570
▲ 7.6%
2025
middle half of the sector
20242025
Equity
€57,706
▲ 105%
2025
middle half of the sector
20242025
Total assets
€206,298
▲ 29.0%
2025
middle half of the sector
20242025
Debt
€148,592
▲ 12.7%
2025
20242025
Working capital
-€92,294
▲ 24.3%
2025
lowest quarter of the sector
20242025
Solvency
28.0%
▲ 10.4pp
2025
middle half of the sector
20242025
Current ratio
0.38
▲ 0.30
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
33.7%
▼ 6.7pp
2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€71,211-€77,126▲ 8.3%
Net result€64,636within the sector's middle half-€69,570within the sector's middle half▲ 7.6%
Equity€28,136below the sector's middle half-€57,706within the sector's middle half▲ 105%
Total assets€159,966within the sector's middle half-€206,298within the sector's middle half▲ 29.0%
Debt€131,830-€148,592▲ 12.7%
Working capital-€121,864below the sector's middle half--€92,294below the sector's middle half▲ 24.3%
Solvency17.6%below the sector's middle half-28.0%within the sector's middle half▲ 10.4pp
Current ratio0.08below the sector's middle half-0.38below the sector's middle half▲ 0.30
Return on assets (ROA)40.4%above the sector's middle half-33.7%above the sector's middle half▼ 6.7pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 8% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206,298
Fixed assets
€150,000 =
Current assets
€56,298 ▲ 465%
Equity and liabilities €206,298
Equity
€57,706 ▲ 105%
Debt
€148,592 ▲ 12.7%
Debt's share of the balance-sheet total falls from 82.4% to 72.0%. Equity and debt are higher.
Key figures and ratios
ROE
120.6%▼
2024 · 229.7%
Debt ≤ 1 year
€148,592▲
2024 · €131,830
Income taxes
€7,405▲
2024 · €6,409
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Financial fixed assets | €150,000 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €867 | €594 | ▼ 31.4% |
| Gross operating margin9900 | €72,077 | €77,721 | ▲ 7.8% |
| Operating profit (loss)9901 | €71,211 | €77,126 | ▲ 8.3% |
| Financial charges65/66B | €166 | €151 | ▼ 8.7% |
| Recurring financial charges65 | €166 | €151 | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | €71,045 | €76,975 | ▲ 8.3% |
| Income taxes67/77 | €6,409 | €7,405 | ▲ 15.5% |
| Profit (loss) for the period9904 | €64,636 | €69,570 | ▲ 7.6% |
| Profit (loss) for the period to be appropriated9905 | €64,636 | €69,570 | ▲ 7.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €159,966 | €206,298 | ▲ 29.0% |
| Fixed assets21/28 | €150,000 | €150,000 | = |
| Financial fixed assets28 | €150,000 | €150,000 | = |
| Current assets29/58 | €9,966 | €56,298 | ▲ 465% |
| Amounts receivable within one year40/41 | €9,948 | €56,296 | ▲ 466% |
| Other amounts receivable41 | €9,948 | €56,296 | ▲ 466% |
| Cash at bank and in hand54/58 | €18 | €1 | ▼ 92.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €159,966 | €206,298 | ▲ 29.0% |
| Equity10/15 | €28,136 | €57,706 | ▲ 105% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €25,636 | €55,206 | ▲ 115% |
| Distributable reserves133 | €25,636 | €55,206 | ▲ 115% |
| Amounts payable17/49 | €131,830 | €148,592 | ▲ 12.7% |
| Amounts payable within one year42/48 | €131,830 | €148,592 | ▲ 12.7% |
| Trade debts44 | €6,847 | €5,396 | ▼ 21.2% |
| Suppliers440/4 | €6,847 | €5,396 | ▼ 21.2% |
| Taxes, remuneration and social security45 | €38,539 | €64,832 | ▲ 68.2% |
| Taxes450/3 | €38,539 | €64,832 | ▲ 68.2% |
| Other amounts payable47/48 | €86,444 | €78,364 | ▼ 9.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €64,636 | €69,570 | ▲ 7.6% |
| Operating cash flow (approximation) | €64,636 | €69,570 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€17 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
2 directors, no change since 2022
ARDEEL Lindsey
Current
Director (not named in the articles) · appointed in the act of 28-12-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-04-2026
ARDEEL Mario
Current
Director (not named in the articles) · appointed in the act of 28-12-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-04-2026
Owners and capital
Shareholders
At incorporation
act of 28-12-2022 ↗
- ARDEEL Mario sole founder · 100% at incorporation
Capital transactions
Capital over time
- 28-12-2022 Incorporation · €2,500
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| ARDEEL Lindsey |
|
| ARDEEL Mario |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 28-12-2022 (in Dutch)
Network & group
Board mandates elsewhere
1 board mandateBoard mandates of LINSCOLINSCO sits on their board1
1 location
Companies at the same address
4 other companiesConnections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-04
micro format · on the deadline day
2025
30-04
micro format · on the deadline day
2024
07-05
Gazette deed
Registered office moved from Aalter to MaldegemNew seat: 9990 Maldegem, Krommewege 24B 2.1 · Previous seat: 9880 Aalter, Lostraat 162 points ▸
Gazette deed
Registered office moved from Aalter to Maldegem
New seat: 9990 Maldegem, Krommewege 24B 2.1 · Previous seat: 9880 Aalter, Lostraat 162 points ▸
- General meeting, 25-01-2024
- Registered-office move, 9990 Maldegem,Krommewege 24B 2.1
2022
28-12
Gazette deed
IncorporationStarting capital €2,500 · Appointments: ARDEEL Mario (director) and ARDEEL Lindsey (director) · Founder9 points ▸
Gazette deed
Incorporation
Starting capital €2,500 · Appointments: ARDEEL Mario (director) and ARDEEL Lindsey (director) · Founder9 points ▸
- Founder, ARDEEL Mario
- Incorporation, 24-12-2022
- Founding capital, €2,500
- Share issue, 100, “winstverdeling en vereffeningsaldo” (deed in Dutch)
- Registered office clause, “9880 Aalter,Lostraat 16” (deed in Dutch)
- Director appointment, ARDEEL Mario (director (not named in the articles))
- Director appointment, ARDEEL Lindsey (director (not named in the articles))
- Pre-incorporation commitments, “takeover, rechten en verbintenissen uit rechtshandelingen in naam en voor rekening gesteld voor oprichting” (deed in Dutch)
- Pre-incorporation commitments, ratification, “verbintenissen aangegaan in tussenperiode” (deed in Dutch)
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
LINSCO in Dutch
Enterprise number
0795.392.971
Legal form
Private limited company
Status
Active, normale toestand
Founded
26-12-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 28-12-2022 (in Dutch)Registered office and establishments
Registered office
Krommewege 24B, 9990 Maldegem, Belgium
1 former office
- 9880 Aalter until 01-02-2024 · act of 07-05-2024
Establishment unit
LINSCO, Krommewege 24b, 9990 Maldegem since 26-12-2022 · unit number 2.343.522.770
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 28-12-2022 (in Dutch)
“Patrimoniumvennootschap; Handel in eigen onroerend goed; Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed,exclusief…”
15 activities
- Patrimoniumvennootschap;
- Handel in eigen onroerend goed;
- Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed,exclusief sociale woningen;
- Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed,exclusief terreinen;
- Managementvennootschap
- Vervullen van de functie van bestuurder in andere vennootschappen.
- Consultancy
- Administratieve taken
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer van roerend en onroerend patrimonium;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals aan en verkoop,de bouw; de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling,de onroerende leasing en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten;
- Aankoop,verhuur en verkoop van vastgoed: aan- en verkoop,verkaveling,het huren en verhuren van gebouwde en ongebouwde onroerende goederen,het laten bouwen,restaureren en laten omvormen van onroerende goederen alsmede alle tussenkomsten in verband met dusdanige verrichtingen,en in het algemeen alle verrichtingen betrekking hebbende op onroerende goederen;
- Het beheer,de opwaardering en de ontwikkeling van onroerend goed en/of grondactiva alsmede alle handelingen die direct of indirect verband houden met dit object of die de terugkeer van onroerend goed te bevorderen,zoals onderhoud,ontwikkeling,verfraaiing,verhuur,aankoop,verkoop,ruil,verhuur van onroerend goed,bouw,reparatie,transformatie,verhuur en verdeling van goederen;
- Het vestigen en bekomen van andere zakelijke rechten zoals vruchtgebruik,recht van opstal,erfpacht,en andere;
- Beheer van roerend vermogen,uitgezonderd activiteiten van vermogensbeheer
- Het aanleggen,uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse bestaande of nog op te richten rechtspersonen of ondernemingen.
Invoicing and payment
VAT number
BE 0795.392.971
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of March at 14:00
deed of 28-12-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
7,759 m²
Building footprint
3,227 m²
Building volume
22,912 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 43010C0273/00D000 | Flanders | 7,759 m² | 1 · 3,227 m² | 9.1 m · 3 |