Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.2 to 4.2.
Financials
Financial year 2025
DE LINDE from Gistel, company number BE0444124891, closed financial year 2025 with a result of € 511,468 after tax. For that financial year DE LINDE recorded a gross margin of € 1.1 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 535,689 to € 511,468. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 1.6 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 511,468
▼ 5% vs 2024
Profit after tax over the fiscal year.
€ 140,048
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 350,000 paid out
68 % of the profit went to the shareholders, mostly to BERTEVELDE (100 % of the shares). That is where the money ends up.
People and assets in 2025
4.2
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 250,571
▼ 33% vs 2024
€ 59,700 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.
€ 5,922
▲ 66% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.5 million
▼ 7% vs 2024
€ 290,157 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 136,499
▼ 48% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 818,105 | € 914,191 | € 1,355,265 | € 1,063,969 | ▼ 21% |
| Profit after taxes | € 59,954 | € 265,442 | € 535,689 | € 511,468 | ▼ 5% |
| Equity | € 937,270 | € 952,712 | € 1,488,400 | € 1,649,868 | ▲ 11% |
| Total debts | € 4,066,349 | € 3,934,109 | € 3,280,204 | € 3,184,778 | ▼ 3% |
| Cash | € 226,374 | € 285,460 | € 394,553 | € 140,048 | ▼ 65% |
| Land & buildings | € 3,456,970 | € 3,352,053 | € 3,028,092 | € 2,942,904 | ▼ 3% |
| Retained profit | € 139,986 | € 155,428 | € 691,117 | € 852,585 | ▲ 23% |
| Dividend | € 600,000 | € 250,000 | € 0 | € 350,000 | |
| Bank debt | € 3,280,244 | € 3,427,492 | € 2,638,729 | € 2,462,297 | ▼ 7% |
| Balance sheet total | € 5,003,618 | € 4,886,820 | € 4,768,604 | € 4,834,646 | ▲ 1% |
| Employees (FTE) | 5.6 | 5.2 | 4.3 | 4.2 | ▼ 0.1 |
Key figures of DE LINDE, 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 DE LINDE?
What happened at DE LINDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 511,468 (▼ 5% vs 2024). filed late Source: NBB ↗
- Vägskäl BV became a director. NBB
- Glevico BV became a director. NBB
- Bertevelde BV became a director. NBB
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,954 profit in 2022 to € 511,468 profit in 2025.
Paid € 357,753 in corporate taxes since 2022.
Best year ever: 2024, with € 535,689 profit.
On average € 253,300 of value added per employee in 2025.
Management
The stake of BERTEVELDE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DE LINDEBehind DE LINDE are Vägskäl BV, Glevico BV and Bertevelde BV. The shares are held by BERTEVELDE (100%).
Directors
According to the 2025 annual accounts
Director · represented by Vierstraete Sven
Also active at: BEYNE, BERTEVELDE, AGRI MACHINERY INVEST, LAKKERIJ HERREMAN
since 2023
Director · represented by Vierstraete Glenn
Also active at: BERTEVELDE, LAKKERIJ HERREMAN
since 2023
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Konijnenboslaan 8
8470 Gistel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.124.891
- VAT number
- BE 0444.124.891
- Registered office
- Konijnenboslaan 8, 8470 Gistel
- Names & denominations
- DE LINDE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 May 1991
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Coating van metalen
Oppervlaktebehandeling en bekleding van metaal
Algemene metaalbewerking
Oppervlaktebehandeling van metalen
Verspanend bewerken van metalen