LONGIN SERVICE
ActiveLONGIN SERVICE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.17M and a net result of €275k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 72% of 1077 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-4
Solvency86▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.97 in 2023; short-term debt: 28.4% and cash: 13.5% of total assets), and 38.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 37
Relative position
BE, all sectors
reference
Sector 37
lower
← 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
61.1%
Return on assets
3.3%
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 19-05-2025, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
73 d early
2023
58 d early
2022
75 d early
2021
87 d early
2020
81 d early
2019
100 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€5.17M▲ 3.9%
2023 · €4.97M
2018: €2.65M
2019: €3.09M
2020: €3.63M
2021: €4.15M
2022: €4.40M
2023: €4.97M
2018 → 2024
Total assets
€8.46M▼ 1.0%
2023 · €8.54M
2018: €5.68M
2019: €6.33M
2020: €6.42M
2021: €6.99M
2022: €8.21M
2023: €8.54M
2018 → 2024
Net result
€275k▼ 52.0%
2023 · €574k
2018: €482k
2019: €462k
2020: €542k
2021: €599k
2022: €324k
2023: €574k
2018 → 2024
Working capital
€3.01M▲ 17.3%
2023 · €2.56M
2018: €795k
2019: €1.02M
2020: €1.56M
2021: €1.98M
2022: €2.19M
2023: €2.56M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.63M-€4.15M▲ 14.3%€4.40M▲ 5.9%€4.97M▲ 13.1%€5.17M▲ 3.9%
Operating result€609k-€695k▲ 14.1%€379k▼ 45.5%€692k▲ 82.8%€383k▼ 44.7%
Net result€542k-€599k▲ 10.5%€324k▼ 45.9%€574k▲ 77.3%€275k▼ 52.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.46M
Fixed assets
€3.05M▼ 8.6%
Current assets
€5.41M▲ 3.9%
Equity and liabilities €8.46M
Equity
€5.17M▲ 3.9%
Debt
€3.29M▼ 7.8%
The debt ratio falls from 41.8% to 38.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.17M▼
2023 · €1.43M
Cash flow
€1.06M▼
2023 · €1.32M
Solvency
61.1%▲
2023 · 58.2%
Current ratio
2.25▲
2023 · 1.97
Quick ratio
1.66▲
2023 · 1.41
Debt / equity
0.64▼
2023 · 0.72
ROE
5.3%▼
2023 · 11.6%
ROA
3.3%▼
2023 · 6.7%
Interest coverage
10.88▼
2023 · 13.99
Debt
€3.29M▼
2023 · €3.57M
Debt ≤ 1 year
€2.40M▼
2023 · €2.64M
Debt > 1 year
€892k▼
2023 · €930k
Income taxes
€1k▼
2023 · €28k
Staff costs
€3.40M▲
2023 · €3.22M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€8.54M€8.46M▼
Fixed assets21/28€3.34M€3.05M▼
Intangible fixed assets21€7k€6k▼
Tangible fixed assets22/27€3.33M€3.05M▼
Land and buildings22€1.46M€1.37M▼
Plant, machinery and equipment23€302k€385k▲
Furniture and vehicles24€505k€455k▼
Leasing and similar rights25€934k€711k▼
Other tangible fixed assets26€133k€120k▼
Current assets29/58€5.21M€5.41M▲
Stocks and contracts in progress3€1.49M€1.43M▼
Stocks30/36€1.40M€1.35M▼
Contracts in progress37€84k€84k=
Amounts receivable within one year40/41€2.77M€2.57M▼
Trade receivables40€2.19M€1.93M▼
Other amounts receivable41€585k€637k▲
Cash at bank and in hand54/58€701k€1.14M▲
Deferred charges and accrued income490/1€245k€267k▲
Equity and liabilities
Total equity and liabilities10/49€8.54M€8.46M▼
Equity10/15€4.97M€5.17M▲
Contributions10/11€118k€118k=
Capital10€118k€118k=
Issued capital100€118k€118k=
Revaluation surpluses12€1.41M€1.41M=
Reserves13€3.44M€3.63M▲
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€115k€115k=
Distributable reserves133€3.31M€3.51M▲
Amounts payable17/49€3.57M€3.29M▼
Amounts payable after more than one year17€930k€892k▼
Financial debts170/4€930k€892k▼
Amounts payable within one year42/48€2.64M€2.40M▼
Current portion of amounts payable after more than one year42€545k€552k▲
Financial debts43€923k€850k▼
Credit institutions430/8€923k€850k▼
Trade debts44€817k€651k▼
Suppliers440/4€817k€651k▼
Advances received on contracts in progress46€5k€5k=
Taxes, remuneration and social security45€349k€309k▼
Taxes450/3€28k€1k▼
Remuneration and social security454/9€321k€308k▼
Other amounts payable47/48€2k€32k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Non-recurring operating income76A€51k€70▼
Remuneration, social security and pensions62€3.22M€3.40M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€743k€788k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€966€7k▲
Other operating charges640/8€110k€135k▲
Non-recurring operating charges66A€68k€4k▼
Gross operating margin9900€4.84M€4.72M▼
Operating profit (loss)9901€692k€383k▼
Financial income75/76B€12k€1k▼
Recurring financial income75€12k€1k▼
Financial charges65/66B€103k€108k▲
Recurring financial charges65€103k€108k▲
Profit (loss) for the period before taxes9903€602k€276k▼
Income taxes67/77€28k€1k▼
Profit (loss) for the period9904€574k€275k▼
Profit (loss) for the period to be appropriated9905€574k€275k▼
Appropriation of the result
Profit (loss) to be appropriated9906€574k€275k▼
Transfer to equity691/2€574k€195k▼
To other reserves6921€574k€195k▼
Profit to be distributed694/7-€80k
Return on contributions (dividend)694-€80k
Social balance
Average headcount (FTE)908746.945.4▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €275k ▼52%
Net result drops to €275k, the lowest in the series.
31-12
Financial
Equity above €5MEq €5.17M ▲3.9%
7 profitable years in a row build equity to €5.17M.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €599k ▲10.5%
Operating result €695k, net result €599k, both a record.
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-05
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.
Directors · office · real estate
Directors
5 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, Leuven · 3 establishment units since 1991
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.
Aarschotsesteenweg 3443012 LeuvenGround area
6,988 m²
Building footprint
2,974 m²
Volume, LiDAR
16,049 m³
3 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Longin Kachels
since 19912.051.024.319
Longin Service
since 20212.322.229.389
Longin Parkerstore
since 20212.322.229.488
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24094C0748/00G003 | Flanders | 3,012 m² | 1 · 1,415 m² | 5.7 m · 1 fl. |
| 24094C0749/00A003 | Flanders | 2,983 m² | 1 · 1,282 m² | 7.9 m · 2 fl. |
| 24126C0039/00E007 | Flanders | 993 m² | 1 · 277 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,911 EUR awarded · 1,911 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,103 EUR | 1,103 EUR |
| 2024 | 1 | 58 EUR | 58 EUR |
| 2023 | 1 | 750 EUR | 750 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 362 companies in sector 37000 we hold annual accounts for 205. 70 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-01-1991
Fiscal year end31-12
Activities, NACEBEL
37000Sewerage
81230Other cleaning activities
90010
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.