LINSK (0459.803.160): financials and annual accounts

LINSK

Bruges ·KBO/BCE: BE 0459.803.160

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	526,721	503,395	464,938	453,295	381,426	368,788	423,305	409,060	106,770	151,617	312,236	319,219	368,125	68,269	438,188	320,553	226,493	209,945	92,870	144,340
Fixed assets`21/28`	1,239	1,239	1,239	1,239	1,239	1,637	2,191	3,174	4,752	6,593	9,166	8,019	7,470	7,501	8,268	10,185	11,961	3,199	2,793	3,002
Tangible fixed assets`22/27`	-	-	-	-	0	398	951	1,934	3,513	5,353	7,927	6,780	6,231	6,262	7,029	8,946	10,722	1,960	1,553	1,763
Plant, machinery and equipment`23`	-	-	-	-	0	253	662	1,499	2,933	3,554	4,907	4,740	3,705	3,941	3,692	5,897	6,657	1,960	1,553	1,763
Furniture and vehicles`24`	-	-	-	-	0	145	290	435	580	1,799	3,019	2,039	2,526	2,320	3,336	3,049	4,065	-	-	-
Financial fixed assets`28`	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239	1,239
Current assets`29/58`	525,481	502,155	463,698	452,056	380,187	367,151	421,114	405,887	102,018	145,024	303,070	311,199	360,655	60,768	429,920	310,367	214,532	206,746	90,077	141,338
Stocks and contracts in progress`3`	-	-	-	-	0	12,000	16,000	16,000	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500
Stocks`30/36`	-	-	-	-	0	12,000	16,000	16,000	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500
Amounts receivable within one year`40/41`	524,040	499,195	462,756	445,221	378,501	354,383	394,432	380,888	55,806	117,876	277,311	288,821	335,810	38,715	386,773	262,151	191,307	182,163	71,773	120,427
Trade receivables`40`	57,728	58,162	57,182	65,473	48,940	59,928	76,208	83,239	38,788	49,698	134,538	280,909	64,231	4,617	365,680	201,091	45,393	143,013	32,220	94,550
Other amounts receivable`41`	466,312	441,032	405,574	379,747	329,561	294,455	318,225	297,649	17,018	68,178	142,773	7,911	271,580	34,098	21,094	61,061	145,914	39,150	39,552	25,877
Cash at bank and in hand`54/58`	664	2,117	127	6,067	953	17	9,635	7,975	27,550	9,261	6,985	3,537	6,358	4,553	25,647	28,044	2,919	7,042	805	3,411
Deferred charges and accrued income`490/1`	777	844	816	768	733	751	1,046	1,024	1,162	387	1,274	1,342	987	-	-	2,672	2,806	41	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	526,721	503,395	464,938	453,295	381,426	368,788	423,305	409,060	106,770	151,617	312,236	319,219	368,125	68,269	438,188	320,553	226,493	209,945	92,870	144,340
Equity`10/15`	-19,266	-49,165	-74,717	-49,883	-129,542	-91,068	-95,360	-172,031	-218,130	-196,042	-125,908	-205,720	-343,318	-297,085	-280,641	-297,378	-318,027	-168,599	-113,465	-18,699
Contributions`10/11`	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Uncalled capital`101`	-	-	-	-	-	-	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395
Profit (loss) carried forward`14`	-25,464	-55,362	-80,915	-56,080	-135,740	-97,265	-101,558	-178,228	-224,328	-202,239	-132,105	-211,918	-349,515	-303,282	-286,838	-303,576	-324,224	-174,796	-119,662	-24,896
Amounts payable`17/49`	545,987	552,560	539,655	503,178	510,968	459,856	518,665	581,091	324,901	347,659	438,144	524,939	711,443	365,354	718,829	617,931	544,519	378,544	206,335	163,040
Amounts payable after more than one year`17`	0	2,468	8,078	13,276	26,706	7,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	0	2,468	8,078	13,276	26,706	7,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	545,436	549,539	531,198	489,902	484,262	452,172	518,665	581,091	324,838	347,659	438,144	524,936	711,443	365,354	718,829	617,931	544,519	378,544	206,335	163,040
Current portion of amounts payable after more than one year`42`	9,826	7,507	5,198	13,430	21,950	34,394	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`43`	-	-	-	-	0	24,849	-	-	-	-	618	-	18	137,926	346,842	339,442	318,534	208,935	62,703	23,242
Credit institutions`430/8`	-	-	-	-	0	649	-	-	-	-	618	-	18	137,926	346,842	339,442	318,534	208,935	62,703	23,242
Other loans`439`	-	-	-	-	0	24,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	24,648	24,487	26,137	39,241	87,629	52,704	61,167	172,239	210,884	249,973	188,698	330,310	287,467	191,604	164,095	124,666	146,988	107,128	96,545	50,701
Suppliers`440/4`	24,648	24,487	26,137	39,241	87,629	52,704	61,167	172,239	210,884	249,973	188,698	330,310	287,467	191,604	164,095	124,666	146,988	107,128	96,545	50,701
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	11,200	580	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	3,448	1,770	2,937	3,833	28,998	42,964	54,899	40,697	39,982	44,230	55,880	40,980	55,367	35,279	16,315	4,599	5,159	16,429	13,363	4,340
Taxes`450/3`	3,448	1,770	2,937	0	9,829	8,586	31,642	19,946	9,372	20,967	28,613	18,244	29,412	13,984	304	12	1,925	5,614	6,983	425
Remuneration and social security`454/9`	-	-	0	3,833	19,168	34,378	23,256	20,751	30,609	23,263	27,267	22,736	25,955	21,295	16,010	4,587	3,234	10,815	6,379	3,915
Other amounts payable`47/48`	507,515	515,775	496,926	433,398	345,685	297,260	402,599	368,155	73,972	53,455	181,747	153,066	368,591	544	191,577	149,223	73,838	46,052	33,724	84,757
Accrued charges and deferred income`492/3`	551	553	379	-	-	-	-	-	63	-	-	3	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	0	50	-	-	-	-	-	-	-	41,646	93	145	-	-	-	-	-	-
Gross operating margin`9900`	33,217	30,293	41,673	90,559	-31,306	58,350	590,892	530,656	445,850	291,216	474,467	462,529	287,760	118,937	114,171	29,503	-96,140	25,863	931	86,356
Remuneration, social security and pensions`62`	-	0	0	6,800	7,449	70,790	528,310	463,137	446,238	316,774	373,623	321,366	322,074	130,390	93,572	3,616	47,381	79,015	94,532	83,795
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	0	398	554	983	1,579	3,104	3,354	3,198	2,432	3,990	3,425	3,366	3,759	3,459	725	498	441
Other operating charges`640/8`	925	5,195	26,436	2,451	1,190	1,989	3,495	18,948	1,134	14,774	5,461	10,399	3,375	1,065	309	1,108	3,562	465	491	655
Non-recurring operating charges`66A`	-	0	42,224	9,138	-	-	-	-	-	-	-	868	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	32,292	25,098	-26,987	72,170	-40,342	-14,983	58,103	46,992	-4,626	-43,686	92,185	128,331	-41,679	-15,943	16,924	21,020	-150,542	-54,342	-94,590	1,465
Financial income`75/76B`	23,786	25,197	19,178	21,395	17,586	29,126	23,760	11,141	17	21	3	29	59	62	0	46	1,371	-	0	0
Recurring financial income`75`	23,786	25,197	19,178	21,395	17,586	29,126	23,760	11,141	17	21	3	29	59	62	0	46	1,371	-	0	0
Financial charges`65/66B`	15,950	15,979	17,025	13,906	15,718	9,850	5,192	12,034	17,480	26,469	12,376	31,540	4,706	708	187	418	256	792	176	506
Recurring financial charges`65`	15,950	15,979	17,025	13,906	15,718	9,850	5,192	12,034	17,480	21,376	12,376	31,540	4,706	708	187	418	256	792	176	506
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	-	-	5,093	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	40,128	34,315	-24,835	79,659	-38,474	4,292	76,670	46,100	-22,089	-70,134	79,813	137,597	-46,233	-16,443	16,737	20,648	-149,427	-55,134	-94,765	960
Income taxes`67/77`	10,229	8,763	-	-	-	-	-	-	-	-	-	-	0	0	0	0	1	-	-	-
Profit (loss) for the period`9904`	29,899	25,552	-24,835	79,659	-38,474	4,292	76,670	46,100	-22,089	-70,134	79,813	137,597	-46,233	-16,443	16,737	20,648	-149,428	-55,134	-94,765	960
Profit (loss) for the period to be appropriated`9905`	29,899	25,552	-24,835	79,659	-38,474	4,292	76,670	46,100	-22,089	-70,134	79,813	137,597	-46,233	-16,443	16,737	20,648	-149,428	-55,134	-94,765	960
Appropriation of the result
Profit (loss) to be appropriated`9906`	-25,464	-55,362	-80,915	-56,080	-135,740	-97,265	-101,558	-178,228	-224,328	-202,239	-132,105	-211,918	-349,515	-303,282	-286,838	-303,576	-324,224	-174,796	-119,662	-24,896
Profit (loss) brought forward from the previous period`14P`	-55,362	-80,915	-56,080	-135,740	-97,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	0	0	0.8	2	4.3	17.5	14.4	13	8.2	9.9	9.1	8.8	3.8	2.6	0.2	1.7	3.4	4.1	2.8
Hours worked`1013`	-	-	-	350	539	3,851	27,176	22,052	20,294	15,135	16,152	14,797	13,494	5,281	3,850	181	2,230	3,913	4,923	3,858
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	26-10-2026	2026-00594657	PDF
31-12-2024	abbreviated format	30-09-2025	2025-00532080	PDF
31-12-2023	abbreviated format	30-09-2024	2024-00493761	PDF
31-12-2022	abbreviated format	23-10-2023	2023-00500326	PDF
31-12-2021	abbreviated format	17-10-2022	2022-20465409	PDF
31-12-2020	abbreviated format	25-11-2021	2021-78200202	PDF
31-12-2019	abbreviated format	29-10-2020	2020-65400403	PDF
31-12-2018	abbreviated format	30-08-2019	2019-57800092	PDF
31-12-2017	abbreviated format	31-08-2018	2018-61600476	PDF
31-12-2016	micro format	28-08-2017	2017-51200059	PDF
31-12-2015	abbreviated format	31-08-2016	2016-58900198	PDF
31-12-2014	abbreviated format	31-08-2015	2015-55900374	PDF
31-12-2013	abbreviated format	21-04-2015	2015-10300248	PDF
31-12-2012	abbreviated format	29-08-2013	2013-53000517	PDF
31-12-2011	abbreviated format	27-05-2013	2013-13300149	PDF
31-12-2010	abbreviated format	19-06-2012	2012-20600575	PDF
31-12-2009	abbreviated format	24-12-2010	2010-64700314	PDF
31-12-2008	abbreviated format	20-01-2010	2010-02100186	PDF
31-12-2007	abbreviated format	30-12-2008	2008-88100046	PDF
31-12-2006	abbreviated format	31-08-2007	2007-71000338	PDF
31-12-2005	abbreviated format	31-08-2006	2006-74803869	PDF
31-12-2004	abbreviated format	30-09-2005	2005-78400679	PDF
31-12-2003	abbreviated format	26-10-2004	2004-75400788	PDF
31-12-2002	abbreviated format	05-12-2003	2003-82104362	PDF
31-12-2000	abbreviated format	08-08-2001	2001-48805326	PDF
31-12-1999	abbreviated format	14-08-2000	2000-51104638	PDF
31-12-1998	abbreviated format	05-06-2000	2000-17600788	PDF
31-12-1997	abbreviated format	05-06-2000	2000-17600778	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	72,170	-39,944	-14,429	59,086	48,571	-1,522	-40,333	95,383	130,764	-37,689	-12,518	20,291	24,779	-147,083	-53,617	-94,091	1,906
Cash flow	-	-	-	79,659	-38,077	4,846	77,653	47,679	-18,985	-66,780	83,011	140,030	-42,243	-13,019	20,104	24,407	-145,969	-54,410	-94,267	1,400
Investment in fixed assets (approximation)	-	-	-	0	0	0	0	0	1,264	780	4,345	2,981	3,959	3,962	1,449	1,983	12,221	1,131	289	2,204
Change in cash	-1,453	1,990	-5,941	5,115	936	-9,618	1,660	-19,575	18,289	2,276	3,448	-2,821	1,805	-21,094	-2,397	25,125	-4,123	6,237	-2,606	-
Working capital	-19,955	-47,384	-67,499	-37,846	-104,075	-85,021	-97,551	-175,204	-222,820	-202,634	-135,074	-213,736	-350,788	-304,586	-288,909	-307,564	-329,988	-171,798	-116,257	-21,701
Solvency	-3.7%	-9.8%	-16.1%	-11.0%	-34.0%	-24.7%	-22.5%	-42.1%	-204.3%	-129.3%	-40.3%	-64.4%	-93.3%	-435.2%	-64.0%	-92.8%	-140.4%	-80.3%	-122.2%	-13.0%
Current ratio	0.96	0.91	0.87	0.92	0.79	0.81	0.81	0.70	0.31	0.42	0.69	0.59	0.51	0.17	0.60	0.50	0.39	0.55	0.44	0.87
Quick ratio	0.96	0.91	0.87	0.92	0.79	0.79	0.78	0.67	0.26	0.37	0.65	0.56	0.48	0.12	0.57	0.47	0.36	0.50	0.35	0.76
ROA	5.7%	5.1%	-5.3%	17.6%	-10.1%	1.2%	18.1%	11.3%	-20.7%	-46.3%	25.6%	43.1%	-12.6%	-24.1%	3.8%	6.4%	-66.0%	-26.3%	-102.0%	0.7%
Interest coverage	-	-	-	5.19	-2.54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2022	31-12-2021
Employees at the balance-sheet date	-	2
full-time	-	2
part-time	-	0
in full-time equivalents	-	2
Average over the year, in full-time equivalents	0.8	2
On a permanent contract	-	2
Joined	8	-
Left	10	-

LINSK

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-3.7%

Current ratio0.96

Return on assets5.7%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Insights on LINSK

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