ACTIVE

LINDERS

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Financial year 2024 · closed on 31/12/2024

Net result

116,1 k €

+46.9% YoY

Gross margin

346,4 k €

+11.6% YoY

Equity

1,1 M €

+8.7% YoY

Workforce

3,5 ETP

+12.9% YoY

What does LINDERS do?

LINDERS is a Private limited company incorporated in 2004. Its main activity is: Manufacture of workwear. Its registered office is in Bruxelles. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.621.124

Incorporation

16/12/2004

Legal form

Private limited company

Registered office

Rue Antoine Dansaert 84 box 86
1000 Bruxelles · BruxellesSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2024

Average workforce

3,5 ETP

Activities (NACE)

14120Manufacture of workwear· main 14230Manufacture of articles of fur 47712Retail sale of clothing in specialised stores 47712Retail sale of clothing in specialised stores 47711Retail sale of clothing in specialised stores 47711Retail sale of clothing in specialised stores+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	346,4 k €	+11.6%	310,5 k €	+1.0%	307,3 k €	+4.9%	292,8 k €	+11.7%	262,3 k €	-5.2%	276,7 k €	+20.1%	230,3 k €	+11.0%	207,6 k €	+5.6%	196,7 k €	+8.6%	181,1 k €	+159%	70 k €	+18.2%	59,2 k €	+20.6%	49,1 k €	+6.4%	46,1 k €	-2.3%	47,2 k €	-3.4%	48,9 k €	-3.9%	50,8 k €	-3.6%	52,7 k €
EBITDA	195,1 k €	+22.9%	158,7 k €	-19.9%	198,2 k €	-8.6%	216,8 k €	+7.6%	201,5 k €	+16.4%	173,1 k €	+94.9%	88,8 k €	-18.0%	108,3 k €	+12.4%	96,4 k €	+69.4%	56,9 k €	-13.1%	65,4 k €	+20.1%	54,5 k €	+29.5%	42,1 k €	+7.3%	39,2 k €	+154%	15,4 k €	-65.2%	44,3 k €	-4.6%	46,4 k €	-4.2%	48,5 k €
Operating result	155,6 k €	+27.1%	122,4 k €	-17.5%	148,3 k €	-13.4%	171,3 k €	+10.6%	154,9 k €	+24.4%	124,5 k €	+201%	41,4 k €	-33.9%	62,7 k €	+40.1%	44,7 k €	+718%	5,5 k €	-88.9%	49,1 k €	+28.6%	38,2 k €	+48.1%	25,8 k €	+10.8%	23,3 k €	+8680%	-271,2 €	-101%	26,2 k €	+1.2%	25,9 k €	-8.4%	28,3 k €
Net result	116,1 k €	+46.9%	79 k €	-17.1%	95,3 k €	-22.9%	123,6 k €	+4.8%	117,9 k €	+45.0%	81,3 k €	+276%	21,6 k €	-29.3%	30,6 k €	+35.2%	22,6 k €	-90.6%	242 k €	+608%	34,2 k €	+17.5%	29,1 k €	+86.4%	15,6 k €	+6.0%	14,7 k €	+322%	-6,6 k €	-152%	12,8 k €	+13.7%	11,2 k €	-38.2%	18,2 k €
Balance sheet
Equity	1,1 M €	+8.7%	999,3 k €	+4.3%	958,4 k €	+11.0%	863,1 k €	+16.7%	739,5 k €	+19.0%	621,5 k €	+15.1%	540,2 k €	+4.2%	518,6 k €	+6.3%	488 k €	-19.4%	605,3 k €	+168%	225,8 k €	+17.8%	191,7 k €	+9.8%	174,6 k €	+9.8%	159 k €	+10.2%	144,2 k €	-4.4%	150,9 k €	+9.2%	138,1 k €	+8.9%	126,9 k €
Total assets	1,3 M €	+4.2%	1,2 M €	+0.9%	1,2 M €	+0.9%	1,2 M €	+5.7%	1,1 M €	+2.2%	1,1 M €	+2.2%	1,1 M €	-1.8%	1,1 M €	+1.0%	1,1 M €	-14.8%	1,3 M €	+299%	322,1 k €	+8.0%	298,2 k €	-1.6%	303,1 k €	-1.3%	307 k €	-16.2%	366,5 k €	+6.1%	345,4 k €	-2.4%	354 k €	-0.4%	355,4 k €
Cash	167,4 k €	+31.6%	127,2 k €	-4.4%	133,1 k €	+72.5%	77,2 k €	+82.0%	42,4 k €	+105%	20,7 k €	+272%	5,6 k €	-88.1%	46,5 k €	+519%	7,5 k €	-74.0%	28,8 k €	+16.1%	24,8 k €	+1130%	2 k €	-69.5%	6,6 k €	+1415%	436,1 €	+30.3%	334,6 €	-92.0%	4,2 k €	+98.6%	2,1 k €	-5.8%	2,2 k €
Debts	93,1 k €	-25.9%	125,6 k €	-17.2%	151,6 k €	-34.6%	231,8 k €	-16.4%	277,4 k €	-26.5%	377,5 k €	-12.5%	431,2 k €	-8.0%	468,9 k €	-3.4%	485,2 k €	-12.4%	553,9 k €	+475%	96,3 k €	-9.6%	106,5 k €	-17.1%	128,5 k €	-12.8%	147,5 k €	-24.6%	195,7 k €	+0.6%	194,5 k €	-9.9%	215,9 k €	-5.5%	228,5 k €
Other
Workforce	3,5 ETP	+12.9%	3,1 ETP	+29.2%	2,4 ETP	+50.0%	1,6 ETP		–		2,3 ETP		–		–		–		1,7 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 5 ended

Active mandates

LIESBETH MEERT

Director

Active

Ended mandates

GUIDO MEERT

Director · since 18 novembre 2014 · until 17 novembre 2020

Ended

LIESBETH MEERT

Managing director · since 18 novembre 2014 · until 17 novembre 2020

Ended

GUIDO MEERT

Director · since 09 juillet 2007 · until 08 juillet 2013

Ended

LIESBETH MEERT

Managing director · since 09 juillet 2007 · until 08 juillet 2013

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2025	19/06/2024	27/06/2023	27/07/2022	31/08/2021	16/07/2020
General meeting	30/04/2025	30/04/2024	02/05/2023	30/04/2022	30/04/2021	30/04/2020
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
Abridged model	31/12/2024	30/04/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/04/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/04/2022	27/07/2022	Dutch	PDF
Micro model	31/12/2020	30/04/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/04/2020	16/07/2020	Dutch	PDF
Micro model	31/12/2018	30/04/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	30/04/2018	28/05/2018	Dutch	PDF
Micro model	31/12/2016	02/05/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/04/2016	30/09/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	30/04/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2014	30/04/2015	22/05/2015	Dutch	PDF
Abridged model	31/12/2013	30/04/2014	11/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/04/2013	03/05/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	07/10/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 31/12/2024 · 1 active · 5 ended

Active mandates

LIESBETH MEERT

Director

Active

Ended mandates

GUIDO MEERT

Director · since 18 novembre 2014 · until 17 novembre 2020

Ended

LIESBETH MEERT

Managing director · since 18 novembre 2014 · until 17 novembre 2020

Ended

GUIDO MEERT

Director · since 09 juillet 2007 · until 08 juillet 2013

Ended

LIESBETH MEERT

Managing director · since 09 juillet 2007 · until 08 juillet 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring22/05/2026
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring31/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares20/01/2017
KAPITAAL - AANDELEN
PDF
Mandates19/01/2016
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Restructuring01/09/2015
BENAMING - DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring30/04/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates16/12/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2014
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024116,1 k €↑
2023
Annual accounts 202379 k €↓
2022
Annual accounts 202295,3 k €↓
2021
Annual accounts 2021123,6 k €↑
2020
Annual accounts 2020117,9 k €↑
2019
Annual accounts 201981,3 k €↑
2018
Annual accounts 201821,6 k €↓
2017
Annual accounts 201730,6 k €↑
2016
Annual accounts 201622,6 k €↓
2015
Annual accounts 2015242 k €↑
2014
Annual accounts 201434,2 k €↑
2013
Annual accounts 201329,1 k €↑
2012
Annual accounts 201215,6 k €↑
2011
Annual accounts 201114,7 k €↑
2010
Annual accounts 2010-6,6 k €↓
2009
Annual accounts 200912,8 k €↑
2008
Annual accounts 200811,2 k €↓
2007
Annual accounts 200718,2 k €
16/12/2004
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

LINDERS

Overview

What does LINDERS do?

Trend over 18 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