ACTIVE

LINAS

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Financial year 2025 · closed on 31/12/2025

Net result

23,7 k €

-14.5% YoY

Gross margin

36,7 k €

-20.7% YoY

Equity

588 k €

+4.2% YoY

What does LINAS do?

LINAS is a Private limited company incorporated in 2005. Its main activity is: Activities of holding companies. Its registered office is in Schilde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0871.063.364

Incorporation

07/01/2005

Legal form

Private limited company

Registered office

Turnhoutsebaan 162
2970 Schilde · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	36,7 k €	-20.7%	46,3 k €	+5.0%	44,1 k €	+379%	9,2 k €	+0.5%	9,2 k €	-12.6%	10,5 k €	+7.7%	9,7 k €	+62.3%	6 k €	-60.1%	15 k €	-59.6%	37,2 k €	-4.1%	38,8 k €	+16.1%	33,4 k €	+38.3%	24,2 k €	+376%	-8,7 k €	-127%	31,8 k €	-3.4%	32,9 k €	-1.9%	33,6 k €	-8.1%	36,5 k €	-3.7%	38 k €	+2.2%	37,2 k €
EBITDA	35,8 k €	-20.9%	45,2 k €	+5.9%	42,7 k €	+420%	8,2 k €	+0.6%	8,2 k €	-14.4%	9,5 k €	+8.3%	8,8 k €	+108%	4,2 k €	-66.3%	12,6 k €	-62.7%	33,8 k €	-5.4%	35,7 k €	+17.1%	30,5 k €	+47.8%	20,6 k €	+279%	-11,5 k €	-140%	29 k €	-4.2%	30,3 k €	-2.9%	31,2 k €	+6.4%	29,3 k €	-22.0%	37,6 k €	+2.2%	36,8 k €
Operating result	35,8 k €	-20.9%	45,2 k €	+5.9%	42,7 k €	+420%	8,2 k €	+120%	3,7 k €	-26.9%	5,1 k €	+16.8%	4,4 k €	+2266%	-201,6 €	-102%	8,1 k €	-75.9%	33,8 k €	-5.4%	35,7 k €	+17.1%	30,5 k €	+47.8%	20,6 k €	+174%	-27,8 k €	-319%	12,7 k €	-9.1%	14 k €	-6.1%	14,9 k €	+14.5%	13 k €	-65.3%	37,6 k €	+2.2%	36,8 k €
Net result	23,7 k €	-14.5%	27,7 k €	+7.6%	25,8 k €	+447%	4,7 k €	+84.7%	2,6 k €	-98.2%	138,6 k €	+6749%	2 k €	-57.9%	4,8 k €	-50.1%	9,6 k €	-90.6%	102,8 k €	+11.6%	92,1 k €	+46.2%	63 k €	+182%	22,4 k €	+184%	-26,6 k €	-151%	52,6 k €	+90.2%	27,6 k €	-78.0%	125,8 k €	+148%	50,7 k €	-36.5%	79,9 k €	+107%	38,6 k €
Balance sheet
Equity	588 k €	+4.2%	564,2 k €	+5.2%	536,5 k €	+4.4%	513,7 k €	-18.3%	629 k €	+0.4%	626,5 k €	+28.4%	487,8 k €	-0.8%	491,9 k €	+1.0%	487,1 k €	+2.0%	477,5 k €	+27.4%	374,7 k €	+32.6%	282,6 k €	+28.7%	219,6 k €	+11.3%	197,2 k €	-11.9%	223,9 k €	+30.7%	171,3 k €	+19.2%	143,6 k €	+21.9%	117,8 k €	+35.2%	87,1 k €	+52.2%	57,2 k €
Total assets	642,6 k €	+0.1%	641,7 k €	+1.5%	632,2 k €	-1.0%	638,6 k €	-4.2%	666,7 k €	+1.6%	656,1 k €	+26.1%	520,2 k €	+1.8%	511,2 k €	-1.1%	517 k €	-29.1%	729,5 k €	+5.3%	692,7 k €	-8.9%	760,6 k €	+121%	343,8 k €	+29.3%	265,9 k €	-9.3%	293,2 k €	+9.5%	267,6 k €	-26.9%	366 k €	+22.9%	297,7 k €	+11.8%	266,4 k €	+8.5%	245,7 k €
Cash	3,1 k €	-67.4%	9,6 k €	+23.2%	7,8 k €	-17.7%	9,4 k €	-36.4%	14,8 k €	-13.6%	17,1 k €	+53.6%	11,1 k €	+184%	3,9 k €	-95.8%	94,2 k €	+432%	17,7 k €	+168%	6,6 k €	+56.1%	4,2 k €	-29.3%	6 k €	-76.8%	25,8 k €	+36.9%	18,8 k €	+118%	8,6 k €	-4.4%	9 k €	-23.9%	11,9 k €	-70.0%	39,6 k €	+59.2%	24,9 k €
Debts	54,2 k €	-29.4%	76,8 k €	-19.5%	95,4 k €	-23.2%	124,2 k €	+235%	37,1 k €	+27.9%	29 k €	-6.8%	31,1 k €	+77.9%	17,5 k €	-36.3%	27,5 k €	-89.0%	249 k €	-21.7%	318 k €	-33.5%	478 k €	+285%	124,3 k €	+81.0%	68,7 k €	-0.9%	69,3 k €	-28.1%	96,3 k €	-56.7%	222,4 k €	+23.6%	180 k €	+0.4%	179,3 k €	-4.8%	188,4 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 · 1 ended

Active mandates

Luc Vrelust

Director

Active

Ended mandates

Luc Vrelust

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	29/07/2026	25/07/2025	23/07/2024	27/07/2023	25/07/2022	28/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	30/06/2021
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
Abridged model	31/12/2025	26/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	23/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	09/09/2020	09/10/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	24/12/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	30/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	17/12/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	15/11/2007	Dutch	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 · 1 ended

Active mandates

Luc Vrelust

Director

Active

Ended mandates

Luc Vrelust

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Other17/01/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202523,7 k €↓
2024
Annual accounts 202427,7 k €↑
2023
Annual accounts 202325,8 k €↑
2022
Annual accounts 20224,7 k €↑
2021
Annual accounts 20212,6 k €↓
2020
Annual accounts 2020138,6 k €↑
2019
Annual accounts 20192 k €↓
2018
Annual accounts 20184,8 k €↓
2017
Annual accounts 20179,6 k €↓
2016
Annual accounts 2016102,8 k €↑
2015
Annual accounts 201592,1 k €↑
2014
Annual accounts 201463 k €↑
2013
Annual accounts 201322,4 k €↑
2012
Annual accounts 2012-26,6 k €↓
2011
Annual accounts 201152,6 k €↑
2010
Annual accounts 201027,6 k €↓
2009
Annual accounts 2009125,8 k €↑
2008
Annual accounts 200850,7 k €↓
2007
Annual accounts 200779,9 k €↑
2006
Annual accounts 200638,6 k €
07/01/2005
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

LINAS

Overview

What does LINAS 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