LYN Logistic
ActiveSummary
The computed 12-month bankruptcy probability of LYN Logistic is 2.6% (moderate). The 2025 annual accounts show equity of €79,369 and a net result of €50,599. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 304 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Construction of utility projects for electricity and telecommunications
NACE 42220Other postal and courier activities NACE 53200
1 site
How big
€114,692total assets 2025
- Equity
- €79,369
- Profit
- €50,599
Who decides
Accounts 59 d early0 of 2 deeds read
Why 72- Limited track record- Higher-failure-rate region- Higher-failure-rate sector+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+24
Solvency94▲+44
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.93 against 1.11 in 2024; short-term debt: 30.8% and cash: 2.3% of total assets), and 30.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.2%
Return on assets
44.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
59 d early
2024
69 d early
2023
64 d early
2022
66 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 65 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 May (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Highest result since 2022net €50,599 ▲656%
- Liquidity triplescurrent ratio 2.93
Financials
Fiscal year 2025Total assets €114,692Profit €50,599Solvency 69.2%Liquidity 2.93
Total assets
€114,692▲ 0.8%
2022 - 2025
Net result
€50,599▲ 656%
2022 - 2025
Equity
€79,369▲ 176%
2022 - 2025
Staff (FTE)
0▼ 100%
2023 - 2024
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 42, Civil engineering, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€26,099--€7,884€13,389€50,841▲ 280%
Net result€26,091within the sector's middle half--€8,018below the sector's middle half€6,697below the sector's middle half€50,599within the sector's middle half▲ 656%
Equity€30,091below the sector's middle half-€22,073below the sector's middle half▼ 26.6%€28,770below the sector's middle half▲ 30.3%€79,369below the sector's middle half▲ 176%
Total assets€38,467below the sector's middle half-€278,320below the sector's middle half▲ 624%€113,806below the sector's middle half▼ 59.1%€114,692below the sector's middle half▲ 0.8%
Debt€8,376-€256,247▲ 2,959%€85,036▼ 66.8%€35,323▼ 58.5%
Working capital€29,814below the sector's middle half--€6,382below the sector's middle half€8,990below the sector's middle half€68,264below the sector's middle half▲ 659%
Solvency78.2%above the sector's middle half-7.9%below the sector's middle half▼ 70.3pp25.3%within the sector's middle half▲ 17.3pp69.2%above the sector's middle half▲ 43.9pp
Current ratio4.56above the sector's middle half-0.98below the sector's middle half▼ 3.581.11below the sector's middle half▲ 0.132.93above the sector's middle half▲ 1.83
Return on assets (ROA)67.8%above the sector's middle half--2.9%below the sector's middle half▼ 70.7pp5.9%within the sector's middle half▲ 8.8pp44.1%above the sector's middle half▲ 38.2pp
Staff (FTE)1below the sector's middle half0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 280% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,692
Fixed assets
€11,105 ▼ 43.9%
Current assets
€103,587 ▲ 10.2%
Equity and liabilities €114,692
Equity
€79,369 ▲ 176%
Debt
€35,323 ▼ 58.5%
Debt's share of the balance-sheet total falls from 74.7% to 30.8%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€59,516▲
2024 · €22,064
Cash flow
€59,274▲
2024 · €15,372
Debt to equity
0.45▼
2024 · 2.96
ROE
63.8%▲
2024 · 23.3%
Interest coverage
245.93▲
2024 · 147.09
Debt ≤ 1 year
€35,323▼
2024 · €85,036
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 39,278 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.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €10,210 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,986 | €8,675 | €8,675 | = |
| Other operating charges640/8 | €347 | €499 | €127 | €251 | ▲ 97.6% |
| Non-recurring operating charges66A | - | - | - | €14,600 | - |
| Gross operating margin9900 | €26,446 | €9,811 | €22,191 | €74,367 | ▲ 235% |
| Operating profit (loss)9901 | €26,099 | -€7,884 | €13,389 | €50,841 | ▲ 280% |
| Financial income75/76B | - | €3 | - | - | - |
| Recurring financial income75 | - | €3 | - | - | - |
| Financial charges65/66B | €8 | €137 | €150 | €242 | ▲ 61.3% |
| Recurring financial charges65 | €8 | €137 | €150 | €242 | ▲ 61.3% |
| Profit (loss) for the period before taxes9903 | €26,091 | -€8,018 | €13,239 | €50,599 | ▲ 282% |
| Income taxes67/77 | - | - | €6,542 | - | - |
| Profit (loss) for the period9904 | €26,091 | -€8,018 | €6,697 | €50,599 | ▲ 656% |
| Profit (loss) for the period to be appropriated9905 | €26,091 | -€8,018 | €6,697 | €50,599 | ▲ 656% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €38,467 | €278,320 | €113,806 | €114,692 | ▲ 0.8% |
| Fixed assets21/28 | €277 | €28,455 | €19,780 | €11,105 | ▼ 43.9% |
| Tangible fixed assets22/27 | - | €28,178 | €19,503 | €10,828 | ▼ 44.5% |
| Furniture and vehicles24 | - | €28,178 | €19,503 | €10,828 | ▼ 44.5% |
| Financial fixed assets28 | €277 | €277 | €277 | €277 | = |
| Current assets29/58 | €38,190 | €249,865 | €94,026 | €103,587 | ▲ 10.2% |
| Amounts receivable within one year40/41 | €37,859 | €245,281 | €93,273 | €100,945 | ▲ 8.2% |
| Trade receivables40 | €36,819 | €245,281 | €86,900 | €100,945 | ▲ 16.2% |
| Other amounts receivable41 | €1,040 | - | €6,373 | - | - |
| Cash at bank and in hand54/58 | €331 | €4,584 | €753 | €2,642 | ▲ 251% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €38,467 | €278,320 | €113,806 | €114,692 | ▲ 0.8% |
| Equity10/15 | €30,091 | €22,073 | €28,770 | €79,369 | ▲ 176% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €26,091 | €18,073 | €24,770 | €75,369 | ▲ 204% |
| Amounts payable17/49 | €8,376 | €256,247 | €85,036 | €35,323 | ▼ 58.5% |
| Amounts payable within one year42/48 | €8,376 | €256,247 | €85,036 | €35,323 | ▼ 58.5% |
| Trade debts44 | €5,837 | €245,752 | €85,036 | €6,358 | ▼ 92.5% |
| Suppliers440/4 | €5,837 | €245,752 | €85,036 | €6,358 | ▼ 92.5% |
| Taxes, remuneration and social security45 | - | €10,495 | - | €28,965 | - |
| Taxes450/3 | - | €9,603 | - | €28,965 | - |
| Remuneration and social security454/9 | - | €892 | - | - | - |
| Other amounts payable47/48 | €2,539 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,091 | -€8,018 | €6,697 | €50,599 | ▲ 656% |
| + Depreciation and write-downs630 | - | €6,986 | €8,675 | €8,675 | = |
| Operating cash flow (approximation) | €26,091 | -€1,032 | €15,372 | €59,274 | ▲ 286% |
| Investment in fixed assets (approximation) | - | -€35,164 | €0 | €0 | - |
| Change in cash | - | €4,253 | -€3,831 | €1,889 | ▲ 149% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
J-Tech
BE 0768.360.358
Laakdal · Eq €79,428
WORLD GATE SERVICES
BE 0523.891.456
Zaventem · Eq €79,291
FNL TECHNICS
BE 0753.667.135
Beringen · Eq €79,120
RCITIZEN
BE 0795.293.694
Wemmel · Eq €79,663
Andries Mats Beheer
BE 0803.687.560
Wommelgem · Eq €78,590
Of 1,823 companies in this sector we hold annual accounts for 960. 699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
8 eventsLatest 02-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2022net €50,599 ▲656%
Operating result €50,841, net result €50,599, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.93
Current ratio from 1.11 to 2.93; short-term debt falls from €85,036 to €35,323.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €6,697
Net result €6,697 after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€8,018
Net result drops to -€8,018, the lowest in the series; recovery starts the following year.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Company details
Private limited company · founded 28-10-2022Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded28-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
53200Other postal and courier activities
46190Agents in non-specialised wholesale trade
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793120005
Registered
09-11-2022
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2022
Ground area
325 m²
Building footprint
129 m²
Volume, LiDAR
1,912 m³
Parcel 21005A0542/00B006, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
333
companies at this address
See who is registered here
1 establishment unit
LYN Logistic
since 2022unit no. 2.337.871.630
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0542/00B006 | Brussels | 325 m² | 1 · 129 m² | 17.0 m · 5 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.