RED.LINE
ActiveSummary
RED.LINE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €193,571. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 1893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76=
Solvency90▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 2.84 against 1.68 in 2024; short-term debt: 22.5% and cash: 26.9% of total assets), and 35% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
65%
Return on assets
5.5%
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 · 10 filingsDeviation from the deadline
2025
59 d early
2024
41 d early
2023
34 d early
2022
60 d late
2021
78 d late
2020
30 d late
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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 June (4 of the last 5 filed years within 93 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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 Is the workforce growing, and do people stay?Employer 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 What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by equity in Ypres, Transport and storage sector#7 employer in Ypres, Transport and storage sector#7 company by total assets in Ypres, Transport and storage sector
Equity
€2.3m▲ 9.2%
2024 · €2.1m
Total assets
€3.5m▼ 13.5%
2024 · €4.1m
Net result
€193,571▼ 15.7%
2024 · €229,519
Working capital
€1.5m▲ 64.5%
2024 · €885,452
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 49, Land transport and transport via pipelines, 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
Line20212022202320242025
Operating result€145,666▼ 57.9%€492,400▲ 238%€314,273▼ 36.2%€303,695▼ 3.4%€257,360▼ 15.3%
Net result€268,607above the sector's middle half▼ 11.9%€428,760above the sector's middle half▲ 59.6%€271,980above the sector's middle half▼ 36.6%€229,519above the sector's middle half▼ 15.6%€193,571above the sector's middle half▼ 15.7%
Equity€1.4mabove the sector's middle half▲ 24.8%€1.6mabove the sector's middle half▲ 18.4%€1.9mabove the sector's middle half▲ 17.0%€2.1mabove the sector's middle half▲ 12.3%€2.3mabove the sector's middle half▲ 9.2%
Total assets€2.9mabove the sector's middle half▲ 11.8%€2.9mabove the sector's middle half▲ 0.6%€3.4mabove the sector's middle half▲ 19.5%€4.1mabove the sector's middle half▲ 18.9%€3.5mabove the sector's middle half▼ 13.5%
Debt€1.5m▲ 2.2%€1.2m▼ 17.2%€1.5m▲ 23.3%€2.0m▲ 27.5%€1.2m▼ 37.9%
Working capital€739,709above the sector's middle half▲ 6.9%€1.1mabove the sector's middle half▲ 42.5%€897,103above the sector's middle half▼ 14.9%€885,452above the sector's middle half▼ 1.3%€1.5mabove the sector's middle half▲ 64.5%
Solvency47.3%within the sector's middle half▲ 4.9pp55.7%within the sector's middle half▲ 8.4pp54.5%within the sector's middle half▼ 1.2pp51.4%within the sector's middle half▼ 3.1pp65.0%above the sector's middle half▲ 13.5pp
Current ratio1.78within the sector's middle half▲ 0.162.21within the sector's middle half▲ 0.431.89within the sector's middle half▼ 0.321.68within the sector's middle half▼ 0.212.84above the sector's middle half▲ 1.16
Return on assets (ROA)9.4%within the sector's middle half▼ 2.5pp14.9%above the sector's middle half▲ 5.5pp7.9%within the sector's middle half▼ 7.0pp5.6%within the sector's middle half▼ 2.3pp5.5%within the sector's middle half▼ 0.1pp
Staff (FTE)20.1above the sector's middle half▲ 9.2%21above the sector's middle half▲ 4.5%21above the sector's middle half=23.4above the sector's middle half▲ 11.4%23.4above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€1.3m ▼ 32.4%
Current assets
€2.2m ▲ 2.8%
Equity and liabilities €3.5m
Equity
€2.3m ▲ 9.2%
Provisions
€20,568 ▼ 14.4%
Debt
€1.2m ▼ 37.9%
Debt's share of the balance-sheet total falls from 48.0% to 34.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€694,661▼
2024 · €748,592
Cash flow
€630,871▼
2024 · €674,415
Debt to equity
0.53▼
2024 · 0.93
ROE
8.4%▼
2024 · 10.9%
Interest coverage
20.18▼
2024 · 24.10
Debt ≤ 1 year
€793,317▼
2024 · €1.3m
Debt > 1 year
€400,890▼
2024 · €647,501
Income taxes
€49,403▼
2024 · €52,688
Staff costs
€1.9m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,340 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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €28,967 | €23,440 | €162,864 | €55,000 | €128,000 | ▲ 133% |
| Remuneration, social security and pensions62 | €1.3m | €1.3m | €1.4m | €1.6m | €1.9m | ▲ 20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €381,395 | €401,978 | €323,486 | €444,897 | €437,300 | ▼ 1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | €4,687 | €0 | ▼ 100% |
| Other operating charges640/8 | €39,075 | €54,870 | €75,486 | €37,569 | €51,297 | ▲ 36.5% |
| Non-recurring operating charges66A | €0 | - | - | €4,242 | €55,120 | ▲ 1,199% |
| Gross operating margin9900 | €1.9m | €2.3m | €2.1m | €2.4m | €2.7m | ▲ 14.1% |
| Operating profit (loss)9901 | €145,666 | €492,400 | €314,273 | €303,695 | €257,360 | ▼ 15.3% |
| Financial income75/76B | €138,320 | €5,520 | €5,465 | €8,376 | €16,577 | ▲ 97.9% |
| Recurring financial income75 | €3,748 | €5,520 | €5,465 | €8,376 | €16,577 | ▲ 97.9% |
| Non-recurring financial income76B | €134,572 | €0 | - | - | - | - |
| Financial charges65/66B | €15,379 | €13,387 | €23,996 | €31,066 | €34,428 | ▲ 10.8% |
| Recurring financial charges65 | €15,379 | €13,387 | €23,996 | €31,066 | €34,428 | ▲ 10.8% |
| Profit (loss) for the period before taxes9903 | €268,607 | €484,534 | €295,742 | €281,005 | €239,509 | ▼ 14.8% |
| Transfer from deferred taxes780 | - | €39 | €1,201 | €1,201 | €3,465 | ▲ 189% |
| Transfer to deferred taxes680 | - | €26,475 | €0 | - | - | - |
| Income taxes67/77 | €0 | €29,339 | €24,963 | €52,688 | €49,403 | ▼ 6.2% |
| Profit (loss) for the period9904 | €268,607 | €428,760 | €271,980 | €229,519 | €193,571 | ▼ 15.7% |
| Transfer from tax-exempt reserves789 | €0 | €118 | €3,603 | €3,603 | €10,396 | ▲ 189% |
| Transfer to tax-exempt reserves689 | €123,000 | €138,166 | €162,040 | €55,000 | €96,500 | ▲ 75.5% |
| Profit (loss) for the period to be appropriated9905 | €145,607 | €290,712 | €113,544 | €178,122 | €107,467 | ▼ 39.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.9m | €3.4m | €4.1m | €3.5m | ▼ 13.5% |
| Fixed assets21/28 | €1.2m | €950,435 | €1.5m | €1.9m | €1.3m | ▼ 32.4% |
| Tangible fixed assets22/27 | €1.2m | €949,630 | €1.5m | €1.9m | €1.3m | ▼ 32.6% |
| Land and buildings22 | €227,014 | €260,090 | €328,584 | €306,763 | €284,941 | ▼ 7.1% |
| Plant, machinery and equipment23 | €24,161 | €16,838 | €37,726 | €31,839 | €24,140 | ▼ 24.2% |
| Furniture and vehicles24 | €214,736 | €70,402 | €161,358 | €203,313 | €120,060 | ▼ 40.9% |
| Leasing and similar rights25 | €702,155 | €602,301 | €1.0m | €1.3m | €815,160 | ▼ 38.2% |
| Other tangible fixed assets26 | - | - | - | €35,874 | €33,160 | ▼ 7.6% |
| Financial fixed assets28 | €805 | €805 | €805 | €805 | €5,505 | ▲ 584% |
| Current assets29/58 | €1.7m | €1.9m | €1.9m | €2.2m | €2.2m | ▲ 2.8% |
| Amounts receivable within one year40/41 | €1.0m | €1.3m | €1.0m | €1.1m | €1.1m | ▼ 2.2% |
| Trade receivables40 | €809,427 | €1.0m | €735,967 | €888,611 | €874,319 | ▼ 1.6% |
| Other amounts receivable41 | €197,956 | €269,351 | €284,508 | €216,742 | €206,669 | ▼ 4.6% |
| Current investments50/53 | - | - | - | €69,016 | €184,368 | ▲ 167% |
| Cash at bank and in hand54/58 | €586,563 | €599,129 | €826,287 | €964,114 | €948,610 | ▼ 1.6% |
| Deferred charges and accrued income490/1 | €93,867 | €20,039 | €54,891 | €49,454 | €35,721 | ▼ 27.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.9m | €3.4m | €4.1m | €3.5m | ▼ 13.5% |
| Equity10/15 | €1.4m | €1.6m | €1.9m | €2.1m | €2.3m | ▲ 9.2% |
| Contributions10/11 | €37,200 | €37,200 | €37,200 | €37,200 | €37,200 | = |
| Reserves13 | €1.3m | €1.6m | €1.8m | €2.1m | €2.3m | ▲ 9.4% |
| Non-distributable reserves130/1 | €3,720 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €3,720 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €592,933 | €730,981 | €889,417 | €940,814 | €1.0m | ▲ 9.2% |
| Distributable reserves133 | €717,053 | €831,485 | €945,029 | €1.1m | €1.2m | ▲ 9.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | - | €26,435 | €25,234 | €24,033 | €20,568 | ▼ 14.4% |
| Deferred taxes168 | - | €26,435 | €25,234 | €24,033 | €20,568 | ▼ 14.4% |
| Amounts payable17/49 | €1.5m | €1.2m | €1.5m | €2.0m | €1.2m | ▼ 37.9% |
| Amounts payable after more than one year17 | €518,488 | €336,642 | €519,228 | €647,501 | €400,890 | ▼ 38.1% |
| Financial debts170/4 | €518,488 | €336,642 | €519,228 | €647,501 | €400,890 | ▼ 38.1% |
| Amounts payable within one year42/48 | €948,105 | €867,818 | €1.0m | €1.3m | €793,317 | ▼ 39.1% |
| Current portion of amounts payable after more than one year42 | €285,697 | €261,077 | €241,523 | €325,338 | €211,831 | ▼ 34.9% |
| Financial debts43 | €48,254 | €0 | - | - | - | - |
| Other loans439 | €48,254 | €0 | - | - | - | - |
| Trade debts44 | €574,645 | €387,158 | €725,195 | €907,903 | €531,094 | ▼ 41.5% |
| Suppliers440/4 | €574,645 | €387,158 | €725,195 | €907,903 | €531,094 | ▼ 41.5% |
| Taxes, remuneration and social security45 | €39,509 | €39,583 | €37,403 | €67,936 | €47,896 | ▼ 29.5% |
| Taxes450/3 | €251 | €1,552 | €156 | €10,687 | €7,205 | ▼ 32.6% |
| Remuneration and social security454/9 | €39,258 | €38,032 | €37,246 | €57,249 | €40,690 | ▼ 28.9% |
| Other amounts payable47/48 | €0 | €180,000 | €429 | €1,309 | €2,496 | ▲ 90.7% |
| Accrued charges and deferred income492/3 | €39,185 | €42,023 | €13,437 | €9,548 | €23,143 | ▲ 142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €268,607 | €428,760 | €271,980 | €229,519 | €193,571 | ▼ 15.7% |
| + Depreciation and write-downs630 | €381,395 | €401,978 | €323,486 | €444,897 | €437,300 | ▼ 1.7% |
| Operating cash flow (approximation) | €650,001 | €830,738 | €595,466 | €674,415 | €630,871 | ▼ 6.5% |
| Investment in fixed assets (approximation) | - | -€183,543 | -€905,493 | -€809,249 | €176,529 | ▲ 122% |
| Change in cash | - | €12,566 | €227,158 | €137,828 | -€15,504 | ▼ 111% |
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
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2mEq €2.1m ▲12.3%
7 profitable years in a row build equity to €2.1m.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €428,760 ▲59.6%
Operating result €492,400, net result €428,760, both a record.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Equity above €1mEq €1.1m ▲19.9%
3 profitable years in a row build equity to €1.1m.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Registered office, Ieper · 2 establishment units since 2002
Ground area
2.1 ha
Building footprint
569 m²
Volume, LiDAR
2,366 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Wijngaardstraat 8, 8904 Ieper
since 20022.096.068.545
RED.LINE
since 20212.323.723.783
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33025A0281/00B002 | Flanders | 1.7 ha | 1 · 259 m² | 8.6 m · 2 fl. |
| 36017A0929/00W000 | Flanders | 3,193 m² | 1 · 310 m² | 4.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
2022 to 2025 · 5 entries · 13,397 EUR awarded · 13,397 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,215 EUR | 2,215 EUR |
| 2024 | 1 | 7,121 EUR | 7,121 EUR |
| 2023 | 2 | 3,702 EUR | 3,702 EUR |
| 2022 | 1 | 359 EUR | 359 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.323.723.783
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 2,818 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477267714
Also
9925:BE0477267714
Registered
12-08-2025
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.