LINUX
Open bankruptcySummary
A bankruptcy procedure is open for LINUX according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €112k and a net result of €-211k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-10-2022, 74 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
74 d late
2020
283 d late
2019
594 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, abbreviated schema
Equity
€112k▼ 65.3%
2020 · €323k
Total assets
€775k▼ 32.6%
2020 · €1.15M
Net result
€-211k▼ 244%
2020 · €-61k
Working capital
€349k
2020 · €-33k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€-56k-€-59k▼ 5.5%€-64k▼ 8.8%€2k
Net result€-51k-€-56k▼ 9.3%€-61k▼ 9.2%€-211k▼ 244%
Equity€441k-€385k▼ 12.8%€323k▼ 16.0%€112k▼ 65.3%
Total assets€664k-€1.15M▲ 72.9%€1.15M▲ 0.2%€775k▼ 32.6%
Debt€2k-€546k▲ 25,078%€614k▲ 12.4%€663k▲ 7.9%
Working capital€455k-€75k▼ 83.4%€-33k€349k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €2k after a loss of €64k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €775k
Fixed assets
€2k ▼ 99.8%
Current assets
€773k ▲ 152%
Equity and liabilities €775k
Equity
€112k ▼ 65.3%
Provisions
€0 ▼ 100%
Debt
€663k ▲ 7.9%
Debt's share of the balance-sheet total rises from 53.4% to 85.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.82▲
2020 · 0.90
Debt to equity
5.92▲
2020 · 1.90
ROE
-188.4%▼
2020 · -19.0%
ROA
-27.2%▼
2020 · -5.3%
Debt ≤ 1 year
€424k▲
2020 · €340k
Debt > 1 year
€239k▼
2020 · €274k
Income taxes
€33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €32k | €32k | - | - |
| Other operating charges640/8 | - | - | €18k | €19k | ▲ 2.7% |
| Gross operating margin9900 | €-37k | €-6k | €-14k | €21k | ▲ 248% |
| Operating profit (loss)9901 | €-56k | €-59k | €-64k | €2k | ▲ 103% |
| Financial income75/76B | - | - | €7k | €8k | ▲ 7.9% |
| Recurring financial income75 | €6k | €6k | €7k | €8k | ▲ 7.9% |
| Financial charges65/66B | - | - | €8k | €401k | ▲ 4,683% |
| Recurring financial charges65 | €1k | €7k | €8k | €5k | ▼ 38.2% |
| Non-recurring financial charges66B | - | - | - | €395k | - |
| Profit (loss) for the period before taxes9903 | €-51k | €-60k | €-65k | €-391k | ▼ 497% |
| Transfer from deferred taxes780 | - | - | €4k | €213k | ▲ 5,216% |
| Income taxes67/77 | €-28 | - | - | €33k | - |
| Profit (loss) for the period9904 | €-51k | €-56k | €-61k | €-211k | ▼ 244% |
| Transfer from tax-exempt reserves789 | - | - | €10k | €521k | ▲ 5,216% |
| Profit (loss) for the period to be appropriated9905 | €-51k | €-47k | €-52k | €310k | ▲ 700% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €664k | €1.15M | €1.15M | €775k | ▼ 32.6% |
| Fixed assets21/28 | €206k | €818k | €843k | €2k | ▼ 99.8% |
| Tangible fixed assets22/27 | €203k | €814k | €841k | - | - |
| Land and buildings22 | - | - | €841k | - | - |
| Financial fixed assets28 | €3k | €3k | €2k | €2k | = |
| Current assets29/58 | €458k | €330k | €307k | €773k | ▲ 152% |
| Amounts receivable within one year40/41 | €443k | €330k | €307k | €773k | ▲ 152% |
| Other amounts receivable41 | - | - | €307k | €773k | ▲ 152% |
| Cash at bank and in hand54/58 | €14k | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €664k | €1.15M | €1.15M | €775k | ▼ 32.6% |
| Equity10/15 | €441k | €385k | €323k | €112k | ▼ 65.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | - | €19k | €19k | = |
| Other1109/19 | - | - | €19k | €19k | = |
| Reserves13 | €541k | €532k | €522k | €1k | ▼ 99.8% |
| Non-distributable reserves130/1 | - | - | €1k | €1k | = |
| Reserves not available under the articles1311 | - | - | €1k | €1k | = |
| Tax-exempt reserves132 | - | - | €521k | - | - |
| Profit (loss) carried forward14 | €-119k | €-166k | €-217k | €92k | ▲ 142% |
| Provisions and deferred taxes16 | €221k | €217k | €213k | - | - |
| Deferred taxes168 | - | - | €213k | - | - |
| Amounts payable17/49 | €2k | €546k | €614k | €663k | ▲ 7.9% |
| Amounts payable after more than one year17 | - | €292k | €274k | €239k | ▼ 12.8% |
| Financial debts170/4 | - | - | €274k | €239k | ▼ 12.8% |
| Amounts payable within one year42/48 | €2k | €255k | €340k | €424k | ▲ 24.6% |
| Current portion of amounts payable after more than one year42 | - | - | €35k | €35k | = |
| Financial debts43 | - | - | €1k | €3k | ▲ 194% |
| Credit institutions430/8 | - | - | €1k | €3k | ▲ 194% |
| Trade debts44 | €2k | €87k | €49k | €55k | ▲ 11.1% |
| Suppliers440/4 | - | - | €49k | €55k | ▲ 11.1% |
| Taxes, remuneration and social security45 | - | - | €28k | €33k | ▲ 16.5% |
| Taxes450/3 | - | - | €28k | €33k | ▲ 16.5% |
| Other amounts payable47/48 | - | - | €226k | €297k | ▲ 31.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-51k | €-56k | €-61k | €-211k | ▼ 244% |
| + Depreciation and write-downs630 | €12k | €32k | €32k | - | - |
| Operating cash flow (approximation) | €-39k | €-24k | €-29k | €-211k | ▼ 628% |
| Investment in fixed assets (approximation) | - | €-644k | €-58k | €841k | ▲ 1,548% |
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
2025
12-05
KBO administration
Address struck
2023
20-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-09-2023
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 74 days late
11-07
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-07-2022
15-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 09-06-2022
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 283 days late
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 594 days late
2021
31-12
Financial
Weakest financial yearnet €-211k
Net result drops to €-211k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.82
Current ratio from 0.90 to 1.82.
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 38 days late
Show earlier events
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
09-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
21-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial 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, Antwerpen · 1 establishment unit since 2003
Ground area
5,461 m²
Building footprint
3,458 m²
Volume, LiDAR
20,880 m³
2 parcels, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Brederodestraat 107, 2018 Antwerpen
since 20032.115.472.307
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0158/00C005 | Flanders | 5,303 m² | 1 · 3,300 m² | 10.4 m · 1 fl. |
| 11811L3849/00X000 | Flanders | 158 m² | 1 · 158 m² | 18.6 m · 5 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRISTIN VERHAEGEN BORSBEEKSEBRUG 34,
2600 BERCHEM (ANTWERPEN) |
14-09-2023 → present |
| Curator | ROBIN TAVERNIER AMERIKALEI 182,
2000 ANTWERPEN 1 |
09-06-2022 → 06-07-2022 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-10-2002
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.