LINSK
ActiveSummary
The computed 12-month bankruptcy probability of LINSK is 2.1% (moderate). The 2024 annual accounts show negative equity (-€49,165) and a net result of €25,552. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 2940 sector peers (fiscal year 2024). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability50▲+26
Solvency15▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.91 against 0.87 in 2023; short-term debt: 109.2% and cash: 0.4% of total assets), and equity is negative.
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Signals
Six 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
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
-9.8%
Return on assets
5.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2940 sector peers (2024).
NBB · sector comparisonPosition among 2940 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
84 d late
2021
78 d late
2020
117 d late
2019
90 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 82 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€49,165▲ 34.2%
2023 · -€74,717
Total assets
€503,395▲ 8.3%
2023 · €464,938
Net result
€25,552
2023 · -€24,835
Working capital
-€47,384▲ 29.8%
2023 · -€67,499
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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-€14,983-€40,342▼ 169%€72,170-€26,987€25,098
Net result€4,292within the sector's middle half▼ 94.4%-€38,474below the sector's middle half€79,659above the sector's middle half-€24,835below the sector's middle half€25,552within the sector's middle half
Equity-€91,068below the sector's middle half▲ 4.5%-€129,542below the sector's middle half▼ 42.2%-€49,883below the sector's middle half▲ 61.5%-€74,717below the sector's middle half▼ 49.8%-€49,165below the sector's middle half▲ 34.2%
Total assets€368,788within the sector's middle half▼ 12.9%€381,426within the sector's middle half▲ 3.4%€453,295within the sector's middle half▲ 18.8%€464,938within the sector's middle half▲ 2.6%€503,395within the sector's middle half▲ 8.3%
Debt€459,856▼ 11.3%€510,968▲ 11.1%€503,178▼ 1.5%€539,655▲ 7.2%€552,560▲ 2.4%
Working capital-€85,021below the sector's middle half▲ 12.8%-€104,075below the sector's middle half▼ 22.4%-€37,846within the sector's middle half▲ 63.6%-€67,499within the sector's middle half▼ 78.4%-€47,384within the sector's middle half▲ 29.8%
Solvency-24.7%below the sector's middle half▼ 2.2pp-34.0%below the sector's middle half▼ 9.3pp-11.0%below the sector's middle half▲ 23.0pp-16.1%below the sector's middle half▼ 5.1pp-9.8%below the sector's middle half▲ 6.3pp
Current ratio0.81within the sector's middle half=0.79within the sector's middle half▼ 0.030.92within the sector's middle half▲ 0.140.87within the sector's middle half▼ 0.050.91within the sector's middle half▲ 0.04
Return on assets (ROA)1.2%within the sector's middle half▼ 16.9pp-10.1%below the sector's middle half▼ 11.3pp17.6%above the sector's middle half▲ 27.7pp-5.3%below the sector's middle half▼ 22.9pp5.1%within the sector's middle half▲ 10.4pp
Staff (FTE)4.3within the sector's middle half▼ 75.4%2below the sector's middle half▼ 53.5%0.8below the sector's middle half▼ 60.0%0below the sector's middle half▼ 100%0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €25,098 after a loss of €26,987 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €503,395
Fixed assets
€1,239 =
Current assets
€502,155 ▲ 8.3%
Key figures and ratios
Debt to equity
-11.24▼
2023 · -7.22
Debt ≤ 1 year
€549,539▲
2023 · €531,198
Debt > 1 year
€2,468▼
2023 · €8,078
Income taxes
€8,763
Staff costs
€0▼
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 317 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 | - | - | €50 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €7,449 | €6,800 | €0 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €554 | €398 | €0 | - | - | - |
| Other operating charges640/8 | - | €1,190 | €2,451 | €26,436 | €5,195 | ▼ 80.3% |
| Non-recurring operating charges66A | - | - | €9,138 | €42,224 | €0 | ▼ 100% |
| Gross operating margin9900 | €58,350 | -€31,306 | €90,559 | €41,673 | €30,293 | ▼ 27.3% |
| Operating profit (loss)9901 | -€14,983 | -€40,342 | €72,170 | -€26,987 | €25,098 | ▲ 193% |
| Financial income75/76B | - | €17,586 | €21,395 | €19,178 | €25,197 | ▲ 31.4% |
| Recurring financial income75 | €29,126 | €17,586 | €21,395 | €19,178 | €25,197 | ▲ 31.4% |
| Financial charges65/66B | - | €15,718 | €13,906 | €17,025 | €15,979 | ▼ 6.1% |
| Recurring financial charges65 | €9,850 | €15,718 | €13,906 | €17,025 | €15,979 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €4,292 | -€38,474 | €79,659 | -€24,835 | €34,315 | ▲ 238% |
| Income taxes67/77 | - | - | - | - | €8,763 | - |
| Profit (loss) for the period9904 | €4,292 | -€38,474 | €79,659 | -€24,835 | €25,552 | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | €4,292 | -€38,474 | €79,659 | -€24,835 | €25,552 | ▲ 203% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €368,788 | €381,426 | €453,295 | €464,938 | €503,395 | ▲ 8.3% |
| Fixed assets21/28 | €1,637 | €1,239 | €1,239 | €1,239 | €1,239 | = |
| Tangible fixed assets22/27 | €398 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €1,239 | €1,239 | €1,239 | €1,239 | €1,239 | = |
| Current assets29/58 | €367,151 | €380,187 | €452,056 | €463,698 | €502,155 | ▲ 8.3% |
| Stocks and contracts in progress3 | €12,000 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €354,383 | €378,501 | €445,221 | €462,756 | €499,195 | ▲ 7.9% |
| Trade receivables40 | - | €48,940 | €65,473 | €57,182 | €58,162 | ▲ 1.7% |
| Other amounts receivable41 | - | €329,561 | €379,747 | €405,574 | €441,032 | ▲ 8.7% |
| Cash at bank and in hand54/58 | €17 | €953 | €6,067 | €127 | €2,117 | ▲ 1,572% |
| Deferred charges and accrued income490/1 | - | €733 | €768 | €816 | €844 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €368,788 | €381,426 | €453,295 | €464,938 | €503,395 | ▲ 8.3% |
| Equity10/15 | -€91,068 | -€129,542 | -€49,883 | -€74,717 | -€49,165 | ▲ 34.2% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | -€97,265 | -€135,740 | -€56,080 | -€80,915 | -€55,362 | ▲ 31.6% |
| Amounts payable17/49 | €459,856 | €510,968 | €503,178 | €539,655 | €552,560 | ▲ 2.4% |
| Amounts payable after more than one year17 | €7,684 | €26,706 | €13,276 | €8,078 | €2,468 | ▼ 69.5% |
| Financial debts170/4 | - | €26,706 | €13,276 | €8,078 | €2,468 | ▼ 69.5% |
| Amounts payable within one year42/48 | €452,172 | €484,262 | €489,902 | €531,198 | €549,539 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | - | €21,950 | €13,430 | €5,198 | €7,507 | ▲ 44.4% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Other loans439 | - | €0 | - | - | - | - |
| Trade debts44 | €52,704 | €87,629 | €39,241 | €26,137 | €24,487 | ▼ 6.3% |
| Suppliers440/4 | - | €87,629 | €39,241 | €26,137 | €24,487 | ▼ 6.3% |
| Taxes, remuneration and social security45 | - | €28,998 | €3,833 | €2,937 | €1,770 | ▼ 39.7% |
| Taxes450/3 | - | €9,829 | €0 | €2,937 | €1,770 | ▼ 39.7% |
| Remuneration and social security454/9 | - | €19,168 | €3,833 | €0 | - | - |
| Other amounts payable47/48 | - | €345,685 | €433,398 | €496,926 | €515,775 | ▲ 3.8% |
| Accrued charges and deferred income492/3 | - | - | - | €379 | €553 | ▲ 46.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,292 | -€38,474 | €79,659 | -€24,835 | €25,552 | ▲ 203% |
| + Depreciation and write-downs630 | €554 | €398 | €0 | - | - | - |
| Operating cash flow (approximation) | €4,846 | -€38,077 | €79,659 | -€24,835 | €25,552 | ▲ 203% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €936 | €5,115 | -€5,941 | €1,990 | ▲ 134% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Back to profitnet €25,552
Net result €25,552 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 84 days late
2022
31-12
Financial
Back to profitnet €79,659
Net result €79,659 after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet -€38,474
Net result drops to -€38,474, the lowest in the series; recovery starts the following year.
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 117 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 2 establishment units since 1999
Ground area
506 m²
Building footprint
479 m²
Volume, LiDAR
5,687 m³
2 parcels, Flanders · tallest building 17.8 m, ±4 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
2 establishment units
'T KOFFIEBOONTJE "Kwizien Divien"
since 19992.091.566.557
STRIJDERSHUIS
since 20132.244.247.131
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0028/00Y000 | Flanders | 304 m² | 1 · 272 m² | 17.8 m · 4 fl. |
| 31803C0009/00B000 | Flanders | 202 m² | 1 · 207 m² | 14.9 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
6.67%
According to the 2024 annual accounts of LINSK and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459803160
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.