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AB LINK

Active
Private limited companyfounded 2024active for 2 yearsLambrechtstraat 34, 9300 Aalst, BelgiumKBO/BCE: BE 1013.544.981
Summary

The computed 12-month bankruptcy probability of AB LINK is 7.0% (elevated). The 2025 annual accounts show negative equity (-€15,690) and a net result of -€29,690. Its solvency ranks better than 5% of 886 sector peers (NACE 52, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (35 days) Filed on 4 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512329.

Turnover
€178,211
EBIT margin
-15.8%
Net result
-€29,690
Working capital
-€29,896
Balance-sheet composition
Assets €31,385
Fixed assets €14,206
Current assets €17,179
Equity and liabilities
Equity-€15,690
Debt€47,075
Equity is negative: debt (€47,075) exceeds the balance-sheet total (€31,385).
Key figures and ratios
2025 value
EBITDA
-€23,550
Cash flow
-€25,039
Solvency
-50.0%
Current ratio
0.36
ROA
-94.6%
Interest coverage
-15.53
Debt
€47,075
Debt ≤ 1 year
€47,075
Staff costs
€90,974
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.8% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 7.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€31,385
Fixed assets21/28€14,206
Tangible fixed assets22/27€14,206
Furniture and vehicles24€14,206
Current assets29/58€17,179
Amounts receivable within one year40/41€16,015
Trade receivables40€16,015
Cash at bank and in hand54/58€1,123
Deferred charges and accrued income490/1€42
Equity and liabilities
Total equity and liabilities10/49€31,385
Equity10/15-€15,690
Contributions10/11€14,000
Profit (loss) carried forward14-€29,690
Amounts payable17/49€47,075
Amounts payable within one year42/48€47,075
Trade debts44€924
Suppliers440/4€924
Taxes, remuneration and social security45€13,139
Taxes450/3€10,401
Remuneration and social security454/9€2,738
Other amounts payable47/48€33,012
Income statement Code2025
Turnover70€178,211
Goods, raw materials, services and sundry goods60/61€108,515
Remuneration, social security and pensions62€90,974
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,652
Other operating charges640/8€2,272
Gross operating margin9900€69,696
Operating profit (loss)9901-€28,202
Financial income75/76B€29
Recurring financial income75€29
Financial charges65/66B€1,517
Recurring financial charges65€1,517
Profit (loss) for the period before taxes9903-€29,690
Profit (loss) for the period9904-€29,690
Profit (loss) for the period to be appropriated9905-€29,690
Appropriation of the result
Profit (loss) to be appropriated9906-€29,690

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Turnover70€178,211
Goods, raw materials, services and sundry goods60/61€108,515
Remuneration, social security and pensions62€90,974
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,652
Other operating charges640/8€2,272
Gross operating margin9900€69,696
Operating profit (loss)9901-€28,202
Financial income75/76B€29
Recurring financial income75€29
Financial charges65/66B€1,517
Recurring financial charges65€1,517
Profit (loss) for the period before taxes9903-€29,690
Profit (loss) for the period9904-€29,690
Profit (loss) for the period to be appropriated9905-€29,690
Line2025
Assets
Total assets20/58€31,385
Fixed assets21/28€14,206
Tangible fixed assets22/27€14,206
Furniture and vehicles24€14,206
Current assets29/58€17,179
Amounts receivable within one year40/41€16,015
Trade receivables40€16,015
Cash at bank and in hand54/58€1,123
Deferred charges and accrued income490/1€42
Equity and liabilities
Total equity and liabilities10/49€31,385
Equity10/15-€15,690
Contributions10/11€14,000
Profit (loss) carried forward14-€29,690
Amounts payable17/49€47,075
Amounts payable within one year42/48€47,075
Trade debts44€924
Suppliers440/4€924
Taxes, remuneration and social security45€13,139
Taxes450/3€10,401
Remuneration and social security454/9€2,738
Other amounts payable47/48€33,012
Line2025
Profit (loss) for the period9904-€29,690
+ Depreciation and write-downs630€4,652
Operating cash flow (approximation)-€25,039

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 04-09-2026 2026-00512329

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 3,146 active companies whose main activity is logistics services (NACE 52250), figures are known for 1,960. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.