LINUGEN
ActiveSummary
LINUGEN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €323k and a net result of €39k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+14
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 10.89 against 13.37 in 2023; short-term debt: 8.1% and cash: 50.5% of total assets), and 8.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 2024Solvency, return and age of the figures
Solvency
91.9%
Return on assets
11.1%
Age of the figures
21 mo
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 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
31 d late
2022
38 d early
2021
4 d late
2020
64 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€323k▲ 13.7%
2023 · €284k
Total assets
€351k▲ 16.1%
2023 · €303k
Net result
€39k
2023 · €-151
Working capital
€280k▲ 19.7%
2023 · €234k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€68k▲ 10.6%€54k▼ 21.4%€-57k€-376▲ 99.3%€52k
Net result€58k▲ 179%€38k▼ 35.5%€-58k€-151▲ 99.7%€39k
Equity€305k▲ 23.6%€342k▲ 12.3%€284k▼ 17.0%€284k▼ 0.1%€323k▲ 13.7%
Total assets€341k▲ 6.9%€391k▲ 14.7%€297k▼ 24.0%€303k▲ 2.0%€351k▲ 16.1%
Debt€36k▼ 50.2%€48k▲ 34.8%€13k▼ 73.3%€19k▲ 47.2%€29k▲ 50.9%
Working capital€193k▲ 31.9%€247k▲ 28.0%€219k▼ 11.4%€234k▲ 6.9%€280k▲ 19.7%
Staff (FTE)0.3
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €52k after a loss of €376 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €351k
Fixed assets
€43k ▼ 13.9%
Current assets
€309k ▲ 21.9%
Equity and liabilities €351k
Equity
€323k ▲ 13.7%
Debt
€29k ▲ 50.9%
Debt's share of the balance-sheet total rises from 6.2% to 8.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▲
2023 · €18k
Cash flow
€47k▲
2023 · €19k
Current ratio
10.89▼
2023 · 13.37
Debt to equity
0.09▲
2023 · 0.07
ROE
12.1%▲
2023 · -0.1%
ROA
11.1%▲
2023 · 0.0%
Interest coverage
47.99▼
2023 · 55.42
Debt ≤ 1 year
€28k▲
2023 · €19k
Income taxes
€12k▲
2023 · €59
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €18k | €33k | €19k | €9k | ▼ 54.6% |
| Other operating charges640/8 | - | - | €2k | €1k | €3k | ▲ 196% |
| Gross operating margin9900 | €133k | €72k | €-22k | €20k | €64k | ▲ 227% |
| Operating profit (loss)9901 | €68k | €54k | €-57k | €-376 | €52k | ▲ 13,933% |
| Financial income75/76B | - | - | €128 | €616 | €684 | ▲ 11.2% |
| Recurring financial income75 | - | €19 | €128 | €616 | €684 | ▲ 11.2% |
| Financial charges65/66B | - | - | €524 | €332 | €1k | ▲ 279% |
| Recurring financial charges65 | €2k | €714 | €524 | €332 | €1k | ▲ 279% |
| Profit (loss) for the period before taxes9903 | €66k | €53k | €-57k | €-92 | €51k | ▲ 55,864% |
| Income taxes67/77 | €8k | €15k | €896 | €59 | €12k | ▲ 21,088% |
| Profit (loss) for the period9904 | €58k | €38k | €-58k | €-151 | €39k | ▲ 25,959% |
| Transfer from tax-exempt reserves789 | - | - | €8k | €31k | - | - |
| Profit (loss) for the period to be appropriated9905 | €55k | €38k | €-51k | €31k | €39k | ▲ 27.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €341k | €391k | €297k | €303k | €351k | ▲ 16.1% |
| Fixed assets21/28 | €112k | €95k | €67k | €50k | €43k | ▼ 13.9% |
| Tangible fixed assets22/27 | €82k | €65k | €37k | €20k | €13k | ▼ 35.1% |
| Land and buildings22 | - | - | €19k | €15k | €11k | ▼ 27.8% |
| Plant, machinery and equipment23 | - | - | €219 | €33 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €18k | €5k | €2k | ▼ 56.4% |
| Financial fixed assets28 | €30k | €30k | €30k | €30k | €30k | = |
| Current assets29/58 | €229k | €296k | €230k | €253k | €309k | ▲ 21.9% |
| Amounts receivable within one year40/41 | €20k | €19k | €26k | €16k | €31k | ▲ 86.7% |
| Trade receivables40 | - | - | €8k | - | €9k | - |
| Other amounts receivable41 | - | - | €19k | €16k | €21k | ▲ 30.0% |
| Current investments50/53 | - | €20k | €100k | €100k | €100k | = |
| Cash at bank and in hand54/58 | €208k | €255k | €101k | €134k | €178k | ▲ 32.4% |
| Deferred charges and accrued income490/1 | - | - | €2k | €3k | €274 | ▼ 89.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €341k | €391k | €297k | €303k | €351k | ▲ 16.1% |
| Equity10/15 | €305k | €342k | €284k | €284k | €323k | ▲ 13.7% |
| Contributions10/11 | €12k | - | €12k | €12k | €12k | = |
| Reserves13 | €292k | €330k | €319k | €271k | €310k | ▲ 14.4% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | €31k | - | - | - |
| Distributable reserves133 | - | - | €286k | €270k | €309k | ▲ 14.5% |
| Profit (loss) carried forward14 | €177k | - | €-47k | - | - | - |
| Amounts payable17/49 | €36k | €48k | €13k | €19k | €29k | ▲ 50.9% |
| Amounts payable within one year42/48 | €36k | €48k | €11k | €19k | €28k | ▲ 49.8% |
| Trade debts44 | €2k | €10k | €7k | €9k | €6k | ▼ 35.8% |
| Suppliers440/4 | - | - | €7k | €9k | €6k | ▼ 35.8% |
| Taxes, remuneration and social security45 | - | - | €4k | €10k | €23k | ▲ 121% |
| Taxes450/3 | - | - | €2k | €10k | €21k | ▲ 107% |
| Remuneration and social security454/9 | - | - | €2k | - | €2k | - |
| Accrued charges and deferred income492/3 | - | - | €2k | - | €210 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €38k | €-58k | €-151 | €39k | ▲ 25,959% |
| + Depreciation and write-downs630 | €17k | €18k | €33k | €19k | €9k | ▼ 54.6% |
| Operating cash flow (approximation) | €76k | €55k | €-25k | €19k | €47k | ▲ 155% |
| Investment in fixed assets (approximation) | - | €-989 | €-5k | €-1k | €-2k | ▼ 9.6% |
| Change in cash | - | €46k | €-153k | €33k | €43k | ▲ 33.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €39k
Net result €39k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 21.29
Current ratio from 6.13 to 21.29; short-term debt falls from €48k to €11k.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Highest result since 2019net €58k ▲179%
Operating result €68k, net result €58k, both a record.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Antwerpen · 1 establishment unit since 2001
Ground area
897 m²
Building footprint
745 m²
Volume, LiDAR
7,500 m³
Parcel 11002A0846/00C000, Flanders · tallest building 17.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Lange Koepoortstraat 41, 2000 Antwerpen
since 20012.095.293.931
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0846/00C000 | Flanders | 897 m² | 1 · 745 m² | 17.8 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,087 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
Founded13-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.