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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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LINEAS GROUP from Schaarbeek, company number BE0822966806, closed financial year 2025 with a result of € -3.4 million after tax. For that financial year LINEAS GROUP recorded revenue of € 14,491 and equity of € 177.2 million. Compared with financial year 2024, the result moved from € 427,855 to € -3.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 177.2 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.4 million
▼ still € 427,855 profit in 2024
Profit after tax over the fiscal year.
€ 10.8 million
▲ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.8 million.
People and assets in 2025
€ 29,138
▲ € 22,730 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 61 million
Loans from banks and other lenders, long and short.
€ 3 million
▲ 108% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 156 days on average.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 20,524 | € 14,491 | ▼ 29% |
| Profit after taxes | € 427,855 | € -3,369,629 | ▼ € 3.8 million |
| Equity | € 180,555,203 | € 177,185,574 | ▼ 2% |
| Total debts | € 22,856,769 | € 85,825,877 | ▲ 275% |
| Cash | € 5,584,926 | € 10,770,852 | ▲ 93% |
| Land & buildings | € 2,406,899 | € 2,024,230 | ▼ 16% |
| Retained profit | € 11,132,300 | € 7,762,671 | ▼ 30% |
| Bank debt | € 0 | € 61,000,000 | |
| Balance sheet total | € 203,411,972 | € 263,011,451 | ▲ 29% |
Key figures of LINEAS GROUP, fiscal years 2024 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 LINEAS GROUP?
What happened at LINEAS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PMV NV stepped down as director. NBB
- Sparaxis SA stepped down as director. NBB
- VAN OCKENBURG CONSULTING BV stepped down as director. NBB
- Dorian Feron stepped down as director. NBB
- FPIM NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.4 million (▼ € 3.8 million vs 2024). Source: NBB ↗
- Gilles Mougenot stepped down as director. NBB
- GEMA BV stepped down as director. NBB
In short
From € 427,855 profit in 2024 to € 3.4 million loss in 2025.
Paid € 15,903 in corporate taxes since 2024.
Best year ever: 2024, with € 427,855 profit.
Pays suppliers within 156 days on average.
A new publication or filing at LINEAS GROUP? 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
The shares are held by B Logistics Holdings NV/SA (53.6%), Federale Participatie - En Investeringsmaatschappij NV van openbaar nut (“FPIM”) (46.4%), Participatiemaatschappij Vlaanderen NV and Wallonie Entreprendre . It owns 100% of LINEAS, 70% of Modalink BV and 49.5% of COBRA itself.
Directors
According to the 2025 annual accounts
Gilles Mougenot
Director
since 2022 · until 2026
Director · represented by Michel Allé
Also active at: D'Ieteren Group, EURVEST, EPICS THERAPEUTICS, NEUVASQ BIOTECHNOLOGIES, LINEAS
since 2022 · until 2026
Director · represented by Jeroen Vergote
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2026 · until 2032
Richard Reis
Director
since 2022 · until 2026
since 2022 · until 2026
Chairman of the board · represented by Bernard Gustin
Also active at: BRUSSELS SOUTH CHARLEROI AIRPORT, InfraMobility, GROUPE FORREST INTERNATIONAL
since 2025 · until 2026
Director · represented by Vincent Vandrepol
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2026 · until 2032
Arne Louwagie
Director
since 2022 · until 2026
Dorian Feron
Director
since 2023 · until 2029
Jessica Peters
Director
since 2022 · until 2026
Director · represented by Adrien Gassée
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +57 more
since 2022 · until 2028
Karel Kroupa
Director
since 2023 · until 2026
Director · represented by Eric van Ockenburg
since 2025 · until 2030
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Koning AlbertII laan 37
1030 Schaarbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Entreprise publique des Technologies Numériques de l'Information et de la Communication de la Communauté française
B LOGISTICS HOLDING same network
Modal Shifters
MSIG EUROPE
MSIG Specialty Marine
€ 45.4 million revenue · 2024
+10 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
- 0822.966.806
- VAT number
- BE 0822.966.806
- Registered office
- Koning AlbertII laan 37, 1030 Schaarbeek
- Names & denominations
- LINEAS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 2010
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] 02/432 90 00
- Activities · NACE
Goederenvervoer per spoor
Activiteiten van holdings
Holdings
Goederenvervoer over de weg