ACTIVE

LINXES

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Financial year 2025 · closed on 31/12/2025

Net result

743,7 k €

-8.5% YoY

Gross margin

603,8 k €

-35.4% YoY

Equity

3,9 M €

+19.8% YoY

Workforce

0,0 ETP

What does LINXES do?

LINXES is a Private company with limited liability incorporated in 2006. Its main activity is: Activities of holding companies. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.815.282

Incorporation

20/12/2006

Legal form

Private company with limited liability

Registered office

Sint-Ursmarusstraat (BAA) 180
9200 Dendermonde · FlandreSee on map

Contributed capital

24 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 70201Management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	603,8 k €	-35.4%	935,1 k €	+101%	464,2 k €	-27.4%	638,9 k €	+3.3%	618,7 k €	+199%	207,2 k €	+353%	45,8 k €	-46.1%	84,9 k €	-52.1%	177,4 k €	-46.2%	329,7 k €	+35.7%	243 k €	-49.5%	480,9 k €	+49.1%	322,5 k €	+31.8%	244,6 k €	+301%	61 k €	-46.1%	113,3 k €	+17.9%	96,1 k €
EBITDA	595,3 k €	-35.9%	928,8 k €	+103%	458 k €	-27.7%	633,3 k €	+3.3%	613,3 k €	+204%	201,6 k €	+383%	41,8 k €	-48.6%	81,2 k €	-53.3%	173,9 k €	-46.8%	326,5 k €	+36.4%	239,5 k €	-49.9%	477,5 k €	+49.6%	319,2 k €	+32.2%	241,4 k €	+317%	57,9 k €	-46.3%	107,8 k €	+12.4%	95,9 k €
Operating result	577,5 k €	-36.6%	911,5 k €	+107%	440,7 k €	-27.6%	608,9 k €	+4.1%	584,8 k €	+238%	173,2 k €	+702%	21,6 k €	-68.6%	68,8 k €	-57.4%	161,5 k €	-48.6%	314,2 k €	+38.3%	227,1 k €	-51.2%	465,1 k €	+55.1%	299,9 k €	+35.0%	222,2 k €	+474%	38,7 k €	-56.3%	88,6 k €	+81.2%	48,9 k €
Net result	743,7 k €	-8.5%	813,2 k €	+43.5%	566,8 k €	+0.4%	564,6 k €	+15.3%	489,5 k €	+278%	129,4 k €	+508%	-31,7 k €	-180%	39,4 k €	-62.9%	106,3 k €	-49.1%	208,9 k €	+38.0%	151,4 k €	-46.8%	284,5 k €	-36.4%	447,7 k €	+178%	160,8 k €	+580%	23,7 k €	-52.4%	49,7 k €	+80.6%	27,5 k €
Balance sheet
Equity	3,9 M €	+19.8%	3,3 M €	+28.1%	2,5 M €	+15.0%	2,2 M €	+29.6%	1,7 M €	+45.0%	1,2 M €	-5.7%	1,2 M €	-2.5%	1,3 M €	+3.2%	1,2 M €	+7.5%	1,2 M €	+18.4%	972,5 k €	+8.3%	897,9 k €	+22.4%	733,4 k €	+157%	285,7 k €	-45.6%	524,9 k €	+4.7%	501,3 k €	+11.0%	451,5 k €
Total assets	4 M €	+19.2%	3,4 M €	+28.2%	2,6 M €	+14.5%	2,3 M €	+30.7%	1,8 M €	+42.3%	1,2 M €	-3.4%	1,3 M €	+0.3%	1,3 M €	+1.7%	1,3 M €	+5.4%	1,2 M €	+10.9%	1,1 M €	-14.9%	1,3 M €	+12.0%	1,1 M €	+11.6%	1 M €	+13.2%	896,6 k €	-3.5%	929,5 k €	+8.2%	859,4 k €
Cash	543,2 k €	+8.4%	501,1 k €	-21.2%	636 k €	-41.0%	1,1 M €	+79.5%	600,5 k €	+176%	217,5 k €	-30.3%	312 k €	-24.5%	413,1 k €	+1.6%	406,8 k €	+153%	160,6 k €	+820%	17,5 k €	-72.7%	64 k €	+691%	8,1 k €	-68.0%	25,2 k €	-81.8%	138,8 k €	+51.0%	91,9 k €	+196%	31 k €
Debts	146,5 k €	+5.0%	139,5 k €	+32.3%	105,4 k €	+4.0%	101,4 k €	+60.9%	63 k €	-4.5%	65,9 k €	+70.8%	38,6 k €	+1210%	2,9 k €	-85.9%	20,9 k €	-50.2%	42,1 k €	-60.2%	105,8 k €	-71.4%	370,1 k €	-7.3%	399,2 k €	-45.2%	728,9 k €	+104%	357,9 k €	-12.8%	410,6 k €	+2.4%	401,1 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Bruno De Maesschalck

Manager · since 15 décembre 2006

Active

Kurt De Wit

Manager · since 15 décembre 2006

Active

Ended mandates

Bruno De Maesschalck

Director · since 15 décembre 2006

Ended

Kurt De Wit

Director · since 15 décembre 2006

Ended

Bruno De Maesschalck

Manager

Ended

Kurt De Wit

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
MGB-TECH● Active	0475.953.165

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	03/07/2026	28/07/2025	27/06/2024	27/07/2023	02/08/2022	30/07/2021
General meeting	25/06/2026	30/06/2025	20/06/2024	10/07/2023	19/07/2022	15/07/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	10/07/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	19/07/2022	02/08/2022	Dutch	PDF
Abridged model	31/12/2020	15/07/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	21/06/2018	20/07/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/07/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 2 active · 4 ended

Active mandates

Bruno De Maesschalck

Manager · since 15 décembre 2006

Active

Kurt De Wit

Manager · since 15 décembre 2006

Active

Ended mandates

Bruno De Maesschalck

Director · since 15 décembre 2006

Ended

Kurt De Wit

Director · since 15 décembre 2006

Ended

Bruno De Maesschalck

Manager

Ended

Kurt De Wit

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares24/09/2019
KAPITAAL - AANDELEN
PDF
Capital / shares11/07/2018
KAPITAAL - AANDELEN
PDF
Capital / shares31/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares03/01/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other02/01/2007
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 2025743,7 k €↓
2024
Annual accounts 2024813,2 k €↑
2023
Annual accounts 2023566,8 k €↑
2022
Annual accounts 2022564,6 k €↑
2021
Annual accounts 2021489,5 k €↑
2018
Annual accounts 2018129,4 k €↑
2017
Annual accounts 2017-31,7 k €↓
2016
Annual accounts 201639,4 k €↓
2015
Annual accounts 2015106,3 k €↓
2014
Annual accounts 2014208,9 k €↑
2013
Annual accounts 2013151,4 k €↓
2012
Annual accounts 2012284,5 k €↓
2011
Annual accounts 2011447,7 k €↑
2010
Annual accounts 2010160,8 k €↑
2009
Annual accounts 200923,7 k €↓
2008
Annual accounts 200849,7 k €↑
2007
Annual accounts 200727,5 k €
20/12/2006
IncorporationPrivate company with limited liability

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

LINXES

Overview

What does LINXES do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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