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Underline

Active Risk: low General partnershipfounded 2025active for 1 yearKoninginnelaan 131, 3630 MaasmechelenKBO/BCE: BE 1018.522.071
Underline
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Overview

Key points

Board

1 joined

New director. Latest change 07-05-2026 · 2 in office.

A small general or limited partnership need not file accounts

Bankruptcy probability

Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 3,327 companies (NACE 73, without accounts).

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 02-2026: 0.6%lowest value 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.3 percentage points vs 07-2026 09-2026: 1.1%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 1.0%▼ -0.1 percentage points vs 09-2026 11-2026: 1.0%● unchanged vs 10-2026
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Signals

Four signals.
lowers riskraises risk
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
raises risk · Founded in 2025
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Legal form: general partnership
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2025.
KBO publications

Board and ownership

LS
Luca Spagnoletti
Manager
GD
Giuseppe De Martino
Manager
  • Giuseppe De Martino 50 sharesdeed of 22-07-2026
Board & ownership

Recent changes

Company renamed to Underline Registered office moved within Maasmechelen · New name: Underline · New registered office: Koninginnelaan 131 bus B, 3630 Maasmechelen · Board meeting of 08-05-2026 · Gazette deed
Company renamed from L&A Creations to Underline Registered office moved from Hasselt to Maasmechelen · Transfer of 50 shares from Ayoub Najja to Giuseppe De Martino · New registered office: Koninginnelaan 1318, 3630 Maasmechelen · General meeting of 07-05-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 9925:BE1018522071
Incorporation Founding capital of €500, 120 shares · Appointment: Luca Spagnoletti (manager) · 120 shares · published on 13-01-2025 · Gazette deed
All 5 events

Official details

Source: KBO
Status
Active since 09-01-2025Normal situation
Activity
Advertising agenciesNACE 73110
Establishment unit
2.368.281.3283630 Maasmechelen, since 09-01-2025
Peppol
Reachable since 05-05-2026
Company details

Insights on Underline

Underline has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).

No annual accounts have been filed with the National Bank.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Board & ownership

Board

2 directors, no change since May 2026
Luca Spagnoletti
Manager
appointed by deed of 13-01-2025 term without a fixed end
Giuseppe De Martino
Manager (not named in the articles)
appointed by deed of 22-07-2026 term without a fixed end
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 13-01-2025

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Luca Spagnoletti
Manager
Giuseppe De Martino
Manager (not named in the articles)
Board
Mandates as a list
  • Luca Spagnoletti
    • Manager, appointed by deed of 13-01-2025, still in office
  • Giuseppe De Martino
    • Manager (not named in the articles), appointed by deed of 22-07-2026, still in office

See the board, name and registered office on a given date →

Control

Shares transferred to
Giuseppe De Martino
This company
Underline

Capital

Capital
€500
Shares
120
Contribution per share
€4.17
Source
deed of 13-01-2025

Articles of association

deed of 13-01-2025 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
“Onder de vennoten naar evenredigheid van hun aandelenbezit, algemene vergadering kan beslissen een reservefonds te vormen”
Financial yearThe company draws up its annual accounts over this twelve-month period.
From 1 January to 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of June at 18:00

Shareholders

Share transfer deed of 22-07-2026 ↗
At incorporation deed of 13-01-2025 ↗
  • Luca Spagnoletti gecommanditeerde vennoot · 60 shares (50%) · €250 · liquide middelen
  • Ayoub Najja commanditaire vennoot · 60 shares (50%) · €250 · liquide middelen

Network & group

Underline shares no director with another company.

Timeline

Timeline

5 events since 2025
2026
Company renamed to UnderlineRegistered office moved within Maasmechelen · New name: Underline · New registered office: Koninginnelaan 131 bus B, 3630 Maasmechelen · Board meeting of 08-05-20263 points ▸
  • Board meeting, 08-05-2026
  • Name change, Underline
  • Registered-office move, Koninginnelaan 131 bus B, 3630 Maasmechelen
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Company renamed from L&A Creations to UnderlineRegistered office moved from Hasselt to Maasmechelen · Transfer of 50 shares from Ayoub Najja to Giuseppe De Martino · New registered office: Koninginnelaan 1318, 3630 Maasmechelen · General meeting of 07-05-20268 points ▸
  • General meeting, 07-05-2026
  • Director appointment, Giuseppe De Martino (manager (not named in the articles))
  • Registered-office move, Koninginnelaan 1318, 3630 Maasmechelen
  • Legal-form conversion, from limited partnership to general partnership
  • Name change, Underline
  • Member admission, Giuseppe De Martino (general partner)
  • Share transfer, Ayoub Najja → Giuseppe De Martino, 50 shares
  • Member resignation, Ayoub Najja (limited partner)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 9925:BE1018522071
2025
IncorporationFounding capital of €500, 120 shares · Appointment: Luca Spagnoletti (manager) · 120 shares · published on 13-01-20256 points ▸
  • 120 shares
  • Registered office clause, Herkenrodesingel 13 Bus 1.02, 3500 Hasselt
  • Director appointment, Luca Spagnoletti (manager)
  • Founding capital, €500, 120 shares
  • Partner, Luca Spagnoletti (general partner)
  • Partner, Ayoub Najja (limited partner)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Koninginnelaan 131, Maasmechelen

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Underline was incorporated on 9 January 2025 by two natural persons, with a starting capital of €500.12 The name was changed to Underline in 2026.3 The registered office was moved to Maasmechelen in 2026.3 The board currently has 2 members.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 13-01-2025
  3. 3Belgian Official Gazette, 22-07-2026

Company details

Identity

Enterprise number
1018.522.071
VAT number
BE 1018.522.071
Peppol ID
9925:BE1018522071
Legal form
General partnership
Status
Active, normal situation
Founded
09-01-2025
Financial yearThe company draws up its annual accounts over this twelve-month period.
From 1 January to 31 December
deed of 13-01-2025 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of June at 18:00
deed of 13-01-2025 (in Dutch)
Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“Stemrechten uitgeoefend door de vruchtgebruiker, gewone meerderheid van stemmen”
deed of 13-01-2025 (in Dutch)
Peppol
Reachable since 05-05-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Underline in Dutch
Former name
L&A Creations until 07-05-2026 · deed of 22-07-2026
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-01-2025 (in Dutch)
Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
“L&A Creations”
deed of 13-01-2025 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 13-01-2025 (in Dutch)

Activities

NACEBEL 2025
73110 Advertising agencies main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Advisering en consultancy; Educatie en training; Marketing en promotie; Logistieke en operationele diensten; Organisatie van evenementen…”
9 activities
  1. Advisering en consultancy
  2. Educatie en training
  3. Marketing en promotie
  4. Logistieke en operationele diensten
  5. Organisatie van evenementen
  6. Technologische diensten
  7. Interim-management en projectmanagement
  8. Horeca en catering
  9. Taxi vervoer
deed of 13-01-2025 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Koninginnelaan 131 registered office 3630 Maasmechelen 09-01-2025 2.368.281.328
1 former office
  • Herkenrodesingel 13 bus 102, 3500 Hasselt until 07-05-2026 · deed of 22-07-2026

Buildings and parcels at the address

Ground area
815 m²
Buildings
563 m²
Volume, LiDAR
33 m³
Tallest building
2.0 m
Buildings to scale, each on its own parcel
562 m², 2.0 m 562 m², 2.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
73013D1038/00B000815 m² 1 · 562 m² 2.0 m

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