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 5 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
LINCO INVEST from Eupen, company number BE0502683989, closed financial year 2025 with a result of € 140,063 after tax. For that financial year LINCO INVEST recorded a gross margin of € -2,254 and equity of € 660,519. Compared with financial year 2024, the result moved from € 88,554 to € 140,063. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 10, 2026.
€ 660,519
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 140,063
▲ 58% vs 2024
Profit after tax over the fiscal year.
€ 8,817
▲ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 398,519.
Debts at end 2025
€ 668,299
▼ 20% vs 2024
€ 173,119 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -14,719 | € -1,695 | € -1,999 | € -2,254 | ▼ € 255 |
| Profit after taxes | € -28,906 | € 307,004 | € 88,554 | € 140,063 | ▲ 58% |
| Equity | € 124,898 | € 431,902 | € 520,455 | € 660,519 | ▲ 27% |
| Total debts | € 1,463,743 | € 1,119,443 | € 1,035,980 | € 898,299 | ▼ 13% |
| Cash | € 38,641 | € 1,345 | € 6,436 | € 8,817 | ▲ 37% |
| Retained profit | € -137,102 | € 169,902 | € 258,455 | € 398,519 | ▲ 54% |
| Bank debt | € 1,233,661 | € 1,009,369 | € 839,697 | € 668,299 | ▼ 20% |
| Balance sheet total | € 1,588,641 | € 1,551,345 | € 1,556,436 | € 1,558,817 |
Key figures of LINCO INVEST, 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 LINCO INVEST?
What happened at LINCO INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gerard Cordonnier stepped down as director. NBB
- François Cordonnier stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 140,063 (▲ 58% vs 2024). Source: NBB ↗
- François Cordonnier became a director. NBB
- Gerard Cordonnier became a director. NBB
- New establishment in Eupen. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,906 loss in 2022 to € 140,063 profit in 2025.
Best year ever: 2023, with € 307,004 profit.
A new publication or filing at LINCO INVEST? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Les Entreprises André Lagrou and 100% of PHARA Flex itself.
Directors
According to the 2025 annual accounts
since 2018 · until 2030
since 2021 · until 2030
Establishments
Establishment units
Physical locations of this company
Rue de Verviers 40
4700 Eupen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0502.683.989
- VAT number
- BE 0502.683.989
- Registered office
- Rue de Verviers 40, 4700 Eupen
- Names & denominations
- LINCO INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 2013
- Peppol
- Not registered