LLINELL
ActiveSummary
The computed 12-month bankruptcy probability of LLINELL is 1.6% (moderate). The 2024 annual accounts show negative equity (-€42,735) and a net result of €4,877. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 36378 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.31 in 2023; short-term debt: 308.1% and cash: 1.1% of total assets), and equity is negative.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-218.3%
Return on assets
24.9%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 5%
← 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 29-08-2025, 29 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
29 d late
2023
40 d late
2022
70 d late
2021
78 d late
2020
60 d late
2019
59 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 56 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€42,735▲ 10.2%
2023 · -€47,612
Total assets
€19,577▼ 2.7%
2023 · €20,128
Net result
€4,877
2023 · -€4,691
Working capital
-€41,041▲ 7.7%
2023 · -€44,466
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,143-€3,005▲ 27.5%-€2,410▲ 19.8%-€2,724▼ 13.0%€7,119
Net result-€4,887below the sector's middle half-€3,777below the sector's middle half▲ 22.7%-€4,213below the sector's middle half▼ 11.5%-€4,691below the sector's middle half▼ 11.3%€4,877within the sector's middle half
Equity-€34,931below the sector's middle half▼ 16.3%-€38,708below the sector's middle half▼ 10.8%-€42,921below the sector's middle half▼ 10.9%-€47,612below the sector's middle half▼ 10.9%-€42,735below the sector's middle half▲ 10.2%
Total assets€23,049below the sector's middle half▼ 14.9%€20,676below the sector's middle half▼ 10.3%€20,228below the sector's middle half▼ 2.2%€20,128below the sector's middle half▼ 0.5%€19,577below the sector's middle half▼ 2.7%
Debt€57,980▲ 1.5%€59,384▲ 2.4%€63,150▲ 6.3%€67,739▲ 7.3%€62,312▼ 8.0%
Working capital-€34,419below the sector's middle half▼ 12.3%-€37,363below the sector's middle half▼ 8.6%-€41,006below the sector's middle half▼ 9.8%-€44,466below the sector's middle half▼ 8.4%-€41,041below the sector's middle half▲ 7.7%
Solvency-151.6%below the sector's middle half▼ 40.6pp-187.2%below the sector's middle half▼ 35.7pp-212.2%below the sector's middle half▼ 25.0pp-236.5%below the sector's middle half▼ 24.4pp-218.3%below the sector's middle half▲ 18.3pp
Current ratio0.39below the sector's middle half▼ 0.060.35below the sector's middle half▼ 0.040.33below the sector's middle half▼ 0.030.31below the sector's middle half▼ 0.020.32below the sector's middle half▲ 0.01
Return on assets (ROA)-21.2%below the sector's middle half▼ 24.1pp-18.3%below the sector's middle half▲ 2.9pp-20.8%below the sector's middle half▼ 2.6pp-23.3%below the sector's middle half▼ 2.5pp24.9%above the sector's middle half▲ 48.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7,119 after a loss of €2,724 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19,577
Fixed assets
€300 =
Current assets
€19,277 ▼ 2.8%
Key figures and ratios
Quick ratio
0.00▼
2023 · 0.01
Debt to equity
-1.46▼
2023 · -1.42
Debt ≤ 1 year
€60,318▼
2023 · €64,293
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 3,632 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €563 | €282 | - | - | - | - |
| Other operating charges640/8 | - | €468 | €348 | €548 | €710 | ▲ 29.6% |
| Non-recurring operating charges66A | - | - | €300 | €300 | €2,000 | ▲ 567% |
| Gross operating margin9900 | -€2,413 | -€2,256 | -€1,763 | -€1,876 | €9,828 | ▲ 624% |
| Operating profit (loss)9901 | -€4,143 | -€3,005 | -€2,410 | -€2,724 | €7,119 | ▲ 361% |
| Financial income75/76B | - | - | - | - | €5 | - |
| Recurring financial income75 | - | - | - | - | €5 | - |
| Financial charges65/66B | - | €772 | €1,803 | €1,967 | €2,247 | ▲ 14.3% |
| Recurring financial charges65 | €744 | €772 | €1,803 | €1,967 | €2,247 | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | -€4,887 | -€3,777 | -€4,213 | -€4,691 | €4,877 | ▲ 204% |
| Profit (loss) for the period9904 | -€4,887 | -€3,777 | -€4,213 | -€4,691 | €4,877 | ▲ 204% |
| Profit (loss) for the period to be appropriated9905 | -€4,887 | -€3,777 | -€4,213 | -€4,691 | €4,877 | ▲ 204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,049 | €20,676 | €20,228 | €20,128 | €19,577 | ▼ 2.7% |
| Fixed assets21/28 | €582 | €300 | €300 | €300 | €300 | = |
| Tangible fixed assets22/27 | €282 | - | - | - | - | - |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €22,467 | €20,376 | €19,928 | €19,828 | €19,277 | ▼ 2.8% |
| Stocks and contracts in progress3 | €19,068 | €19,068 | €19,068 | €19,068 | €19,068 | = |
| Stocks30/36 | - | €19,068 | €19,068 | €19,068 | €19,068 | = |
| Amounts receivable within one year40/41 | €602 | €751 | €299 | €358 | - | - |
| Other amounts receivable41 | - | €751 | €299 | €358 | - | - |
| Cash at bank and in hand54/58 | €2,577 | €456 | €562 | €402 | €210 | ▼ 47.8% |
| Deferred charges and accrued income490/1 | - | €100 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,049 | €20,676 | €20,228 | €20,128 | €19,577 | ▼ 2.7% |
| Equity10/15 | -€34,931 | -€38,708 | -€42,921 | -€47,612 | -€42,735 | ▲ 10.2% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | - | €25,000 | €25,000 | €25,000 | - | - |
| Issued capital100 | - | €25,000 | €25,000 | €25,000 | - | - |
| Outside capital11 | - | - | - | - | €25,000 | - |
| Other1109/19 | - | - | - | - | €25,000 | - |
| Profit (loss) carried forward14 | -€59,931 | -€63,708 | -€67,921 | -€72,612 | -€67,735 | ▲ 6.7% |
| Amounts payable17/49 | €57,980 | €59,384 | €63,150 | €67,739 | €62,312 | ▼ 8.0% |
| Amounts payable within one year42/48 | €56,886 | €57,738 | €60,934 | €64,293 | €60,318 | ▼ 6.2% |
| Trade debts44 | €1,698 | €2,551 | €1,664 | €5 | €2,937 | ▲ 53,499% |
| Suppliers440/4 | - | €2,551 | €1,664 | €5 | €2,937 | ▲ 53,499% |
| Taxes, remuneration and social security45 | - | - | - | - | €400 | - |
| Taxes450/3 | - | - | - | - | €400 | - |
| Other amounts payable47/48 | - | €55,188 | €59,270 | €64,288 | €56,980 | ▼ 11.4% |
| Accrued charges and deferred income492/3 | - | €1,646 | €2,215 | €3,446 | €1,994 | ▼ 42.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,887 | -€3,777 | -€4,213 | -€4,691 | €4,877 | ▲ 204% |
| + Depreciation and write-downs630 | €563 | €282 | - | - | - | - |
| Operating cash flow (approximation) | -€4,324 | -€3,495 | -€4,213 | -€4,691 | €4,877 | ▲ 204% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,121 | €106 | -€160 | -€192 | ▼ 20.0% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €4,877
Net result €4,877 after 4 loss-making years.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet -€4,887
Net result drops to -€4,887, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
31-12
Financial
Back to profitnet €793
Net result €793 after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 63 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
14-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lievegem · 1 establishment unit since 2011
Ground area
1,203 m²
Building footprint
144 m²
Volume, LiDAR
495 m³
Parcel 44452C0649/00M000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Llinell
since 20112.201.251.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44452C0649/00M000 | Flanders | 1,203 m² | 1 · 144 m² | 6.6 m · 1 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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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 22,818 companies in sector 43211 we hold annual accounts for 10,336. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
27120Manufacture of electrical equipment
31001Manufacture of furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837672303
Also
9925:BE0837672303
Registered
17-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.