Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LINUM EUROPE from Kuurne, company number BE0424584935, closed financial year 2025 with a result of € 283,967 after tax. For that financial year LINUM EUROPE recorded revenue of € 35.4 million and equity of € 6.5 million. Compared with financial year 2024, the result moved from € 170,217 to € 283,967. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 6.5 million
▼ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 283,967
▲ 67% vs 2024
Profit after tax over the fiscal year.
€ 5,951
▲ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
12.9
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
€ 88,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 25,663
Loans from banks and other lenders, long and short.
€ 8.5 million
▲ € 6.6 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.
€ 142,591
▼ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 35,736,162 | € 36,206,195 | € 36,570,661 | € 35,371,566 | ▼ 3% |
| Profit after taxes | € 648,917 | € 566,855 | € 170,217 | € 283,967 | ▲ 67% |
| Equity | € 7,473,035 | € 8,039,890 | € 8,210,107 | € 6,494,074 | ▼ 21% |
| Total debts | € 12,333,868 | € 12,149,415 | € 12,367,352 | € 12,291,830 | ▼ 1% |
| Cash | € 1,777 | € 8,861 | € 3,254 | € 5,951 | ▲ 83% |
| Retained profit | € 7,388,735 | € 7,955,590 | € 8,125,807 | € 6,409,774 | ▼ 21% |
| Dividend | € 0 | € 0 | € 0 | € 2,000,000 | |
| Bank debt | € 175,533 | € 4,502 | € 0 | € 25,663 | |
| Balance sheet total | € 19,806,903 | € 20,189,305 | € 20,577,459 | € 18,785,904 | ▼ 9% |
| Employees (FTE) | 12 | 12.2 | 13.2 | 12.9 | ▼ 0.3 |
Key figures of LINUM EUROPE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LINUM EUROPE?
What happened at LINUM EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Freddy Vanderbeke stepped down as director. NBB
- Eline Demeulemeester stepped down as director. NBB
- 2pg Group NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 283,967 (▲ 67% vs 2024). filed late Source: NBB ↗
- Eline Demeulemeester became a director. NBB
- Freddy Vanderbeke became a director. NBB
- 2pg Group NV became a director. NBB
- New establishment in Kuurne. KBO
In short
From € 648,917 profit in 2022 to € 283,967 profit in 2025.
Paid € 606,357 in corporate taxes since 2022.
Best year ever: 2022, with € 648,917 profit.
Paid out € 2 million in dividends to the owners in total.
Management
The stake of 2PG GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LINUM EUROPEThe shares are held by 2PG GROUP (100%).
Directors
According to the 2025 annual accounts
Freddy Vanderbeke
Managing director
Also active at: Koninklijke Belgische Vereniging voor Koude en Luchtbehandeling, PLASTIBAC, FERMOD, 2PG GROUP, Prihoda
since 2025 · until 2031
since 2025 · until 2031
Managing director · represented by Vanderbeke Jan
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pieter Verhaeghestraat 20
8520 Kuurne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →PLASTIBAC same network
€ 750,170 gross margin · 2025
FERMOD same network
€ 124,313 gross margin · 2025
2PG GROUP same network
€ 4.4 million gross margin · 2025
Prihoda same network
€ 461,644 gross margin · 2025
Linum Charity
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.584.935
- VAT number
- BE 0424.584.935
- Registered office
- Pieter Verhaeghestraat 20, 8520 Kuurne
- Names & denominations
- LINUM EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 1983
- Peppol
- Active · Active since 24 Sept 2025
- Activities · NACE
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