ACTIVE

RED LINE

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Financial year 2025 · closed on 31/12/2025

Net result

13,9 k €

+116.2% YoY

Gross margin

20,9 k €

+47.7% YoY

Equity

180,9 k €

+8.3% YoY

What does RED LINE do?

RED LINE is a Private limited company incorporated in 2004. Its main activity is: Advertising agencies. Its registered office is in Chaumont-Gistoux.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.561.565

Incorporation

01/10/2004

Legal form

Private limited company

Registered office

Champ des Buissons 28
1325 Chaumont-Gistoux · WallonieSee on map

Contributed capital

12 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	20,9 k €	+47.7%	14,1 k €	-26.2%	19,2 k €	-43.0%	33,6 k €	+1724%	1,8 k €	-89.6%	17,7 k €	+92.2%	9,2 k €	-74.5%	36 k €	+17.7%	30,5 k €	-58.6%	73,8 k €	+28.1%	57,6 k €	-33.7%	86,9 k €	+8.6%	80 k €	-37.9%	128,9 k €	+102%	63,7 k €	+94.0%	32,8 k €	-49.1%	64,5 k €	+55.0%	41,6 k €	-68.4%	131,7 k €	+13.7%	115,9 k €
EBITDA	19,9 k €	+49.2%	13,4 k €	+65.5%	8,1 k €	-75.3%	32,6 k €	+689%	-5,5 k €	-132%	17,3 k €	+553%	2,7 k €	-92.6%	35,6 k €	+20.2%	29,6 k €	-59.4%	72,9 k €	+29.0%	56,5 k €	-34.4%	86,1 k €	+36.7%	63 k €	-48.4%	122,2 k €	+93.8%	63 k €	+101%	31,3 k €	-50.7%	63,5 k €	+55.3%	40,9 k €	-68.7%	130,8 k €	+13.7%	115 k €
Operating result	18,5 k €	+117%	8,5 k €	+38.2%	6,2 k €	-78.4%	28,7 k €	+1868%	-1,6 k €	-113%	12,2 k €	+414%	2,4 k €	-93.3%	35,3 k €	+43.7%	24,6 k €	-66.1%	72,6 k €	+38.0%	52,6 k €	-38.0%	84,8 k €	+8.4%	78,3 k €	-32.7%	116,3 k €	+154%	45,8 k €	+95.0%	23,5 k €	-58.3%	56,3 k €	+44.0%	39,1 k €	-69.4%	127,9 k €	+13.3%	112,9 k €
Net result	13,9 k €	+116%	6,4 k €	+42.1%	4,5 k €	-80.2%	22,7 k €	+1650%	1,3 k €	-86.1%	9,4 k €	+849%	986 €	-96.0%	24,5 k €	+53.8%	15,9 k €	-67.0%	48,2 k €	+12.7%	42,8 k €	-26.6%	58,2 k €	+8.2%	53,8 k €	-31.0%	78 k €	+168%	29,1 k €	+94.0%	15 k €	-60.4%	37,9 k €	+82.8%	20,7 k €	-75.4%	84,2 k €	-0.9%	85 k €
Balance sheet
Equity	180,9 k €	+8.3%	167 k €	+4.0%	160,6 k €	-3.3%	166,1 k €	+15.9%	143,3 k €	+0.9%	142 k €	+7.1%	132,7 k €	+0.7%	131,7 k €	+22.8%	107,2 k €	+17.4%	91,3 k €	+15.4%	79,1 k €	+9.4%	72,3 k €	-14.0%	84,1 k €	+19.7%	70,3 k €	+74.3%	40,3 k €	+10.3%	36,5 k €	-19.8%	45,5 k €	+21.0%	37,6 k €	-41.2%	64 k €	+2.9%	62,2 k €
Total assets	227,8 k €	-7.6%	246,5 k €	+9.4%	225,2 k €	+20.0%	187,7 k €	+16.6%	161 k €	-20.8%	203,4 k €	+12.9%	180,1 k €	+10.3%	163,3 k €	-12.8%	187,3 k €	-2.0%	191,1 k €	+10.8%	172,4 k €	-27.1%	236,4 k €	+24.1%	190,6 k €	-32.7%	283,2 k €	+40.3%	201,9 k €	+25.7%	160,6 k €	-7.1%	172,9 k €	-0.4%	173,6 k €	-41.3%	295,8 k €	+54.7%	191,2 k €
Cash	86,9 k €	-36.2%	136 k €	+73.4%	78,5 k €	-15.2%	92,6 k €	-7.3%	99,9 k €	+30.3%	76,7 k €	-26.9%	104,8 k €	+103%	51,7 k €	+3.0%	50,1 k €	-4.6%	52,6 k €	-35.4%	81,4 k €	+8.7%	74,9 k €	+16.1%	64,5 k €	+20.6%	53,5 k €	+277%	14,2 k €	-32.7%	21,1 k €	-58.7%	51 k €	-37.8%	82 k €	-49.1%	161 k €	+67.7%	96 k €
Debts	46,9 k €	-40.9%	79,4 k €	+23.0%	64,6 k €	+199%	21,6 k €	+22.4%	17,6 k €	-71.2%	61,3 k €	+29.3%	47,4 k €	+50.1%	31,6 k €	-60.6%	80,1 k €	-19.7%	99,8 k €	+6.9%	93,3 k €	-43.1%	164,1 k €	+54.1%	106,5 k €	-50.0%	213 k €	+35.7%	156,9 k €	+26.4%	124,1 k €	-2.6%	127,4 k €	-5.9%	135,4 k €	-41.6%	231,8 k €	+79.7%	129 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

David VANHEMELRIJCK

Manager · since 01 juillet 2010

Active

Ended mandates

Christophe THIENPONT

Director · since 01 juillet 2010

Ended

Christophe THIENPONT

Manager · since 01 juillet 2010

Ended

David VANHEMELRIJCK

Director · since 01 juillet 2010

Ended

Christophe Thienpont

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	30/07/2025	31/07/2024	31/07/2023	29/07/2022	30/06/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	07/06/2023	01/06/2022	14/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	03/06/2026	28/07/2026	French	PDF
Micro model	31/12/2024	04/06/2025	30/07/2025	French	PDF
Micro model	31/12/2023	05/06/2024	31/07/2024	French	PDF
Micro model	31/12/2022	07/06/2023	31/07/2023	French	PDF
Micro model	31/12/2021	01/06/2022	29/07/2022	French	PDF
Micro model	31/12/2020	14/04/2021	30/06/2021	French	PDF
Micro model	31/12/2019	08/04/2020	02/07/2020	French	PDF
Micro model	31/12/2018	10/04/2019	22/08/2019	French	PDF
Micro model	31/12/2017	11/04/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	12/04/2017	16/10/2017	French	PDF
Abridged model	31/12/2015	13/04/2016	08/07/2016	French	PDF
Abridged model	31/12/2014	08/04/2015	06/07/2015	French	PDF
Abridged model	31/12/2013	09/04/2014	18/06/2014	French	PDF
Abridged model	31/12/2012	10/04/2013	08/07/2013	French	PDF
Abridged model	31/12/2011	11/04/2012	21/06/2012	French	PDF
Abridged model	31/12/2010	13/04/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	02/06/2010	29/06/2010	French	PDF
Abridged model	31/12/2008	03/06/2009	08/07/2009	French	PDF
Abridged model	31/12/2007	04/06/2008	25/07/2008	French	PDF
Abridged model	31/12/2006	06/06/2007	09/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

David VANHEMELRIJCK

Manager · since 01 juillet 2010

Active

Ended mandates

Christophe THIENPONT

Director · since 01 juillet 2010

Ended

Christophe THIENPONT

Manager · since 01 juillet 2010

Ended

David VANHEMELRIJCK

Director · since 01 juillet 2010

Ended

Christophe Thienpont

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office10/02/2021
SIEGE SOCIAL
PDF
Registered office25/03/2011
SIEGE SOCIAL - ASSEMBLEE GENERALE
PDF
Mandates23/07/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2005
DEMISSIONS, NOMINATIONS
PDF
Other11/10/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202513,9 k €↑
2024
Annual accounts 20246,4 k €↑
2023
Annual accounts 20234,5 k €↓
2022
Annual accounts 202222,7 k €↑
2021
Annual accounts 20211,3 k €↓
2020
Annual accounts 20209,4 k €↑
2019
Annual accounts 2019986 €↓
2018
Annual accounts 201824,5 k €↑
2017
Annual accounts 201715,9 k €↓
2016
Annual accounts 201648,2 k €↑
2015
Annual accounts 201542,8 k €↓
2014
Annual accounts 201458,2 k €↑
2013
Annual accounts 201353,8 k €↓
2012
Annual accounts 201278 k €↑
2011
Annual accounts 201129,1 k €↑
2010
Annual accounts 201015 k €↓
2009
Annual accounts 200937,9 k €↑
2008
Annual accounts 200820,7 k €↓
2007
Annual accounts 200784,2 k €↓
2006
Annual accounts 200685 k €
01/10/2004
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RED LINE

Overview

What does RED LINE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline