Martin Linssen & Co
ActiveMartin Linssen & Co has been active since 1952 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €353k and a net result of €-31k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 1026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-52
Solvency64▼-19
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days only on tighter terms
Liquidity ample (current ratio 3.41 against 2.7 in 2024), but 72.8% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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 2025Solvency, return and age of the figures
Solvency
27.2%
Return on assets
-2.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2023
41 d early
2022
3 d late
2021
36 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€353k▼ 8.0%
2024 · €384k
2019: €206k
2020: €211k
2021: €232k
2022: €266k
2023: €344k
2024: €384k
2019 → 2025
Total assets
€1.30M▲ 34.6%
2024 · €966k
2019: €811k
2020: €750k
2021: €896k
2022: €972k
2023: €1.03M
2024: €966k
2019 → 2025
Net result
€-31k
2024 · €40k
2019: €10k
2020: €6k
2021: €20k
2022: €34k
2023: €78k
2024: €40k
2019 → 2025
Working capital
€742k▲ 66.7%
2024 · €445k
2019: €520k
2020: €490k
2021: €411k
2022: €363k
2023: €424k
2024: €445k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€232k-€266k▲ 14.7%€344k▲ 29.4%€384k▲ 11.5%€353k▼ 8.0%
Operating result€33k-€48k▲ 46.8%€119k▲ 147%€69k▼ 42.5%€-10k
Net result€20k-€34k▲ 69.8%€78k▲ 129%€40k▼ 49.2%€-31k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €69k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.30M
Fixed assets
€250k▼ 3.7%
Current assets
€1.05M▲ 48.7%
Equity and liabilities €1.30M
Equity
€353k▼ 8.0%
Debt
€947k▲ 62.6%
The debt ratio rises from 60.3% to 72.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€29k▼
2024 · €109k
Cash flow
€9k▼
2024 · €81k
Solvency
27.2%▼
2024 · 39.7%
Current ratio
3.41▲
2024 · 2.70
Quick ratio
2.40▲
2024 · 1.60
Debt / equity
2.68▲
2024 · 1.52
ROE
-8.6%▼
2024 · 10.3%
ROA
-2.3%▼
2024 · 4.1%
Interest coverage
1.41▼
2024 · 10.04
Debt
€947k▲
2024 · €582k
Debt ≤ 1 year
€308k▲
2024 · €261k
Debt > 1 year
€639k▲
2024 · €321k
Income taxes
€300▼
2024 · €19k
Staff costs
€623k▲
2024 · €542k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€966k€1.30M▲
Fixed assets21/28€260k€250k▼
Tangible fixed assets22/27€260k€250k▼
Land and buildings22€163k€163k▼
Plant, machinery and equipment23€89k€81k▼
Furniture and vehicles24€8k€7k▼
Current assets29/58€706k€1.05M▲
Amounts receivable after more than one year29-€380k
Trade receivables290-€380k
Stocks and contracts in progress3€289k€310k▲
Stocks30/36€289k€310k▲
Amounts receivable within one year40/41€190k€320k▲
Trade receivables40€170k€276k▲
Other amounts receivable41€20k€44k▲
Cash at bank and in hand54/58€224k€37k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€966k€1.30M▲
Equity10/15€384k€353k▼
Contributions10/11€34k€34k=
Reserves13€350k€350k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€346k€346k=
Profit (loss) carried forward14-€-31k
Amounts payable17/49€582k€947k▲
Amounts payable after more than one year17€321k€639k▲
Financial debts170/4€321k€639k▲
Amounts payable within one year42/48€261k€308k▲
Current portion of amounts payable after more than one year42€59k€75k▲
Trade debts44€76k€99k▲
Suppliers440/4€76k€99k▲
Taxes, remuneration and social security45€126k€134k▲
Taxes450/3€37k€12k▼
Remuneration and social security454/9€90k€121k▲
Income statement
Code20242025
Remuneration, social security and pensions62€542k€623k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€39k▼
Other operating charges640/8€4k€19k▲
Gross operating margin9900€656k€670k▲
Operating profit (loss)9901€69k€-10k▼
Financial income75/76B€1k€743▼
Recurring financial income75€621€743▲
Non-recurring financial income76B€586-
Financial charges65/66B€11k€21k▲
Recurring financial charges65€11k€21k▲
Profit (loss) for the period before taxes9903€59k€-30k▼
Income taxes67/77€19k€300▼
Profit (loss) for the period9904€40k€-31k▼
Profit (loss) for the period to be appropriated9905€40k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€-31k▼
Transfer to equity691/2€40k-
To other reserves6921€40k-
Social balance
Average headcount (FTE)908712.913.2▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-31k ▼177%
Net result drops to €-31k, the lowest in the series.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2019net €78k ▲129%
Operating result €119k, net result €78k, both a record.
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 36 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-03-2015
Resigned as Manager
Location & real-estate footprint
Registered office, Buggenhout · 2 establishment units since 1952
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.
Beukenstraat 1219255 BuggenhoutGround area
6,278 m²
Building footprint
3,264 m²
Volume, LiDAR
15,512 m³
2 parcels, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Beukenstraat 121, 9255 Buggenhout
since 19522.005.651.182
Deugenietstraat(TIL) 9, 3150 Haacht
since 20182.278.367.672
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004E0985/00E000 | Flanders | 4,512 m² | 1 · 2,315 m² | 5.3 m · 1 fl. |
| 24108A0030/00K000 | Flanders | 1,766 m² | 1 · 949 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 750 EUR | 750 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 108 companies in sector 25639 we hold annual accounts for 81. 65 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-1952
Fiscal year end30-06
Activities, NACEBEL
25639Manufacture of fabricated metal products, except machinery and equipment
28620
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.