LNL
InactiveLNL was declared bankrupt on 25-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 03-11-2025, published in the Belgian State Gazette on 06-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 30-03-2022, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
31 d early
2020
292 d late
2019
175 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-298k▼ 35.4%
2020 · €-220k
2018: €-87k
2019: €-258k
2020: €-220k
2018 → 2021
Total assets
€197k▼ 22.1%
2020 · €253k
2018: €180k
2019: €201k
2020: €253k
2018 → 2021
Net result
€-78k
2020 · €39k
2018: €-79k
2019: €-171k
2020: €39k
2018 → 2021
Working capital
€39k▼ 72.6%
2020 · €142k
2018: €57k
2019: €98k
2020: €142k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-87k-€-258k▼ 197%€-220k▲ 14.9%€-298k▼ 35.4%
Operating result€-75k-€-154k▼ 105%€46k€-74k
Net result€-79k-€-171k▼ 118%€39k€-78k
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 turns negative in 2021: a loss of €74k after €46k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €196k
Fixed assets
€34k ▲ 4.0%
Current assets
€162k ▼ 25.7%
Key figures and ratios
EBITDA
€-65k▼
2020 · €54k
Cash flow
€-69k▼
2020 · €47k
Solvency
-150.8%▼
2020 · -86.8%
Current ratio
1.32▼
2020 · 2.87
Quick ratio
0.60▼
2020 · 1.42
Debt to equity
-1.22▲
2020 · -1.75
ROA
-39.4%▼
2020 · 15.2%
Debt
€495k▲
2020 · €473k
Debt ≤ 1 year
€123k▲
2020 · €76k
Debt > 1 year
€362k▼
2020 · €385k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 24 lines
Balance sheet
Code20202021
Assets
Total assets20/58€253k€197k▼
Formation expenses20€2k€1k▼
Fixed assets21/28€33k€34k▲
Tangible fixed assets22/27€32k€34k▲
Financial fixed assets28€1k€219▼
Current assets29/58€218k€162k▼
Stocks and contracts in progress3€110k€88k▼
Amounts receivable within one year40/41€92k€68k▼
Cash at bank and in hand54/58€16k€5k▼
Equity and liabilities
Total equity and liabilities10/49€253k€197k▼
Equity10/15€-220k€-298k▼
Profit (loss) carried forward14€-238k€-316k▼
Amounts payable17/49€473k€495k▲
Amounts payable after more than one year17€385k€362k▼
Amounts payable within one year42/48€76k€123k▲
Trade debts44€37k€75k▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Gross operating margin9900€58k€-61k▼
Operating profit (loss)9901€46k€-74k▼
Recurring financial income75€148€666▲
Recurring financial charges65€7k€4k▼
Profit (loss) for the period before taxes9903€39k€-78k▼
Profit (loss) for the period9904€39k€-78k▼
Profit (loss) for the period to be appropriated9905€39k€-78k▼
Timeline · acts, filings and financial milestones
2025
06-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · LNL BVBA TIN- STRAAT 66, 2580 PUTTE · event 03-11-2025
2023
29-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · LNL BVBA TINSTRAAT 66, 2580 PUTTE · event 25-09-2023
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 292 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 175 days late
30-09
Financial
Back to profitnet €39k
Net result €39k after 2 loss-making years.
2019
30-09
Financial
Weakest financial yearnet €-171k
Net result drops to €-171k, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 115 days late
2017
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 113 days late
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1 day late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
01-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 1 day late
2012
28-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON BRAWERS ZOMERSTRAAT 16, 2590 BERLAAR- |
25-09-2023 → 03-11-2025 |