GROEP LINDEN
ActiveSummary
GROEP LINDEN has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.24M and a net result of €781k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-1
Solvency88▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.26 in 2024; short-term debt: 34.3% and cash: 32.5% of total assets), and 36.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
63.3%
Return on assets
6.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
31 d late
2022
31 d late
2021
13 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€25.89M▲ 8.1%
2024 · €23.95M
2018: €51.83M
2019: €61.30M
2020: €53.02M
2021: €45.00M
2022: €34.51M
2023: €35.19M
2024: €23.95M
2018 → 2025
EBIT margin
4.0%▼ 0.5pp
2024 · 4.5%
2018: 1.5%
2019: 1.5%
2020: 1.8%
2021: 2.5%
2022: 2.8%
2023: 3.0%
2024: 4.5%
2018 → 2025
Net result
€781k▲ 13.8%
2024 · €686k
2018: €443k
2019: €667k
2020: €826k
2021: €755k
2022: €639k
2023: €564k
2024: €686k
2018 → 2025
Working capital
€6.15M▲ 5.8%
2024 · €5.81M
2018: €1.97M
2019: €3.34M
2020: €3.38M
2021: €3.92M
2022: €4.52M
2023: €5.17M
2024: €5.81M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€45.00M-€34.51M▼ 23.3%€35.19M▲ 2.0%€23.95M▼ 31.9%€25.89M▲ 8.1%
Equity€4.92M-€5.56M▲ 13.0%€6.12M▲ 10.2%€6.81M▲ 11.2%€7.24M▲ 6.3%
Operating result€1.12M-€955k▼ 14.6%€1.06M▲ 10.6%€1.07M▲ 1.8%€1.03M▼ 4.4%
Net result€755k-€639k▼ 15.4%€564k▼ 11.6%€686k▲ 21.5%€781k▲ 13.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.44M
Fixed assets
€1.37M ▲ 20.0%
Current assets
€10.07M ▼ 3.4%
Equity and liabilities €11.44M
Equity
€7.24M ▲ 6.3%
Debt
€4.20M ▼ 11.6%
Debt's share of the balance-sheet total falls from 41.1% to 36.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.18M▼
2024 · €1.27M
Cash flow
€938k▲
2024 · €884k
Current ratio
2.57▲
2024 · 2.26
Quick ratio
2.19▲
2024 · 1.87
Debt to equity
0.58▼
2024 · 0.70
ROE
10.8%▲
2024 · 10.1%
ROA
6.8%▲
2024 · 5.9%
Interest coverage
55.27▲
2024 · 14.97
Debt ≤ 1 year
€3.92M▼
2024 · €4.61M
Debt > 1 year
€99k▼
2024 · €140k
Income taxes
€235k▼
2024 · €326k
Staff costs
€1.16M▼
2024 · €1.30M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11.56M€11.44M▼
Fixed assets21/28€1.14M€1.37M▲
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€793k€723k▼
Land and buildings22€165k€143k▼
Plant, machinery and equipment23€99k€126k▲
Furniture and vehicles24€24k€57k▲
Other tangible fixed assets26€506k€397k▼
Financial fixed assets28€341k€641k▲
Affiliated companies280/1€326k€626k▲
Participating interests280€326k€626k▲
Other financial fixed assets284/8€15k€15k=
Shares284€5k€5k=
Amounts receivable and cash guarantees285/8€10k€10k=
Current assets29/58€10.42M€10.07M▼
Stocks and contracts in progress3€1.77M€1.49M▼
Stocks30/36€1.77M€1.49M▼
Goods purchased for resale34€1.77M€1.49M▼
Amounts receivable within one year40/41€5.82M€4.66M▼
Trade receivables40€1.60M€1.40M▼
Other amounts receivable41€4.22M€3.27M▼
Cash at bank and in hand54/58€2.68M€3.71M▲
Deferred charges and accrued income490/1€149k€210k▲
Equity and liabilities
Total equity and liabilities10/49€11.56M€11.44M▼
Equity10/15€6.81M€7.24M▲
Contributions10/11€255k€255k=
Capital10€255k€255k=
Issued capital100€255k€255k=
Reserves13€6.55M€6.98M▲
Non-distributable reserves130/1€274k€274k=
Legal reserve130€26k€26k=
Other1319€249k€249k=
Tax-exempt reserves132€907k€1.13M▲
Distributable reserves133€5.37M€5.58M▲
Amounts payable17/49€4.75M€4.20M▼
Amounts payable after more than one year17€140k€99k▼
Financial debts170/4€140k€99k▼
Credit institutions173€140k€99k▼
Amounts payable within one year42/48€4.61M€3.92M▼
Current portion of amounts payable after more than one year42€47k€42k▼
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€2.96M€2.92M▼
Suppliers440/4€2.96M€2.92M▼
Taxes, remuneration and social security45€309k€371k▲
Taxes450/3€25k€149k▲
Remuneration and social security454/9€284k€222k▼
Other amounts payable47/48€1.25M€540k▼
Accrued charges and deferred income492/3-€179k
Income statement
Code20242025
Operating income70/76A€27.47M€28.23M▲
Turnover70€23.95M€25.89M▲
Other operating income74€3.52M€2.33M▼
Operating charges60/66A€26.39M€27.20M▲
Goods for resale, raw materials and consumables60€23.09M€24.04M▲
Purchases600/8€19.32M€23.75M▲
Change in stocks: decrease (increase)609€3.77M€287k▼
Services and other goods61€1.72M€1.76M▲
Remuneration, social security and pensions62€1.30M€1.16M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€198k€158k▼
Other operating charges640/8€85k€74k▼
Operating profit (loss)9901€1.07M€1.03M▼
Financial income75/76B€32k€10k▼
Recurring financial income75€32k€10k▼
Income from financial fixed assets750-€10k
Income from current assets751€14k-
Other financial income752/9€18k-
Financial charges65/66B€94k€21k▼
Recurring financial charges65€94k€21k▼
Debt charges650€85k€21k▼
Other financial charges652/9€9k-
Profit (loss) for the period before taxes9903€1.01M€1.02M▲
Income taxes67/77€326k€235k▼
Taxes670/3€326k€235k▼
Profit (loss) for the period9904€686k€781k▲
Transfer from tax-exempt reserves789€759k€156k▼
Transfer to tax-exempt reserves689€379k€379k=
Profit (loss) for the period to be appropriated9905€1.07M€557k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.07M€557k▼
Transfer to equity691/2€1.07M€307k▼
To other reserves6921€1.07M€307k▼
Profit to be distributed694/7-€250k
Return on contributions (dividend)694-€250k
Social balance
Average headcount (FTE)908716.917.3▲
The notes to these accounts (39 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €5MEq €5.56M ▲13%
5 profitable years in a row build equity to €5.56M.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €826k ▲23.9%
Net result €826k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Oostende · 2 establishment units since 1956
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.
Torhoutsesteenweg 6918400 OostendeGround area
2.6 ha
Building footprint
7,238 m²
Volume, LiDAR
23,172 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GARAGE CASINO-KURSAAL NV
since 19562.004.720.477
GROEP LINDEN
since 20182.271.511.059
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00L010 | Flanders | 1.4 ha | 1 · 2,785 m² | 5.2 m |
| 35020A0077/00G000 | Flanders | 1.2 ha | 1 · 4,454 m² | 8.7 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 · 852 EUR awarded · 852 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 852 EUR | 852 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
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LEO PEETERS KEERBERGEN
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SAGA-PIRET
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GEBROEDERS D'HONDT
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Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 1,200 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.