Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Lineage BE TRS from Ieper, company number BE0738689543, closed financial year 2025 with a result of € -101,563 after tax. For that financial year Lineage BE TRS recorded revenue of € 6.4 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € -190,105 to € -101,563. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 2.3 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -101,563
▲ 47 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8 million.
People and assets in 2025
€ 871,225
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.2 million
▲ 15% vs 2024
Loans from banks and other lenders, long and short.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 6,031,907 | € 5,942,008 | € 6,420,269 | ▲ 8% |
| Gross margin | € 273,941 | - | - | - | |
| Profit after taxes | € -137,253 | € -7,567,479 | € -190,105 | € -101,563 | ▲ € 88,543 |
| Equity | € 10,133,095 | € 2,565,616 | € 2,375,510 | € 2,273,948 | ▼ 4% |
| Total debts | € 5,783,567 | € 6,496,953 | € 6,619,023 | € 7,801,412 | ▲ 18% |
| Cash | € 5,053 | - | - | - | |
| Retained profit | € -116,906 | € -7,684,385 | € -7,874,491 | € -7,976,053 | ▼ € 101,563 |
| Bank debt | € 1,461,508 | € 1,845,475 | € 6,241,751 | € 7,186,364 | ▲ 15% |
| Balance sheet total | € 15,916,663 | € 9,062,569 | € 8,994,534 | € 10,075,360 | ▲ 12% |
Key figures of Lineage BE TRS, 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 Lineage BE TRS?
What happened at Lineage BE TRS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 101,563. Source: NBB ↗
- Folkert Pieter Bergstra became a director. NBB
- Pedro Luis Fernandez Esteve became a director. NBB
- Raul Fores Valles became a director. NBB
- Vishal Kapoor stepped down as director. NBB
- Annegien Maria Kooij stepped down as director. NBB
- Vishal Kapoor became a director. NBB
- Annegien Maria Kooij became a director. NBB
In short
From € 137,253 loss in 2022 to € 101,563 loss in 2025.
Paid € 91 in corporate taxes since 2022.
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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
Behind Lineage BE TRS are Folkert Pieter Bergstra, Pedro Luis Fernandez Esteve and Raul Fores Valles. It owns 100% of Flexible Automation Innovative Solutions itself.
Directors
According to the 2025 annual accounts
Folkert Pieter Bergstra
Director
Also active at: Lineage Rijkevorsel, LUIK NATIE STORAGE, CREDO HOLDING, Lineage Rijkevorsel Propco, Partner Logistics Holding Belgium, Lineage Ieper, Y- FROST, Lineage Belgium Bidco
since 2025
Pedro Luis Fernandez Esteve
Director
Also active at: Lineage Rijkevorsel, LUIK NATIE STORAGE, CREDO HOLDING, Lineage Rijkevorsel Propco, Partner Logistics Holding Belgium, Lineage Ieper, Y- FROST, Lineage Belgium Bidco
since 2025
Raul Fores Valles
Director
Also active at: Lineage Rijkevorsel, LUIK NATIE STORAGE, CREDO HOLDING, Lineage Rijkevorsel Propco, Partner Logistics Holding Belgium, Lineage Ieper, Y- FROST, Lineage Belgium Bidco
since 2025
Vishal Kapoor
Director
Also active at: Lineage Rijkevorsel, LUIK NATIE STORAGE, CREDO HOLDING, Lineage Rijkevorsel Propco, Partner Logistics Holding Belgium, Lineage Ieper, Y- FROST, Lineage Belgium Bidco
since 2024 · until 2025
Annegien Maria Kooij
Director
Also active at: Lineage Rijkevorsel, LUIK NATIE STORAGE, CREDO HOLDING, Lineage Rijkevorsel Propco, Partner Logistics Holding Belgium, Lineage Ieper, Y- FROST, Lineage Belgium Bidco
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Bargiestraat 5
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0738.689.543
- VAT number
- BE 0738.689.543
- Registered office
- Bargiestraat 5, 8900 Ieper
- Names & denominations
- Lineage BE TRS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2019
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Diverse ondersteunende activiteiten ten behoeve van voorzieningen