DE LINK
ActiveSummary
DE LINK has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €428,759 and a net result of -€30,377. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-56
Solvency93▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.58 against 3.55 in 2024; short-term debt: 26.7% and cash: 16.8% of total assets), and 32.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
72 d early
2023
79 d early
2022
76 d early
2021
68 d early
2020
66 d early
2019
74 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 73 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€428,759▼ 6.6%
2024 · €459,136
Total assets
€633,159▼ 1.5%
2024 · €643,117
Net result
-€30,377
2024 · €1,473
Working capital
€435,912▼ 2.2%
2024 · €445,687
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€95,120▲ 61.2%€148,786▲ 56.4%€33,321▼ 77.6%-€10,844-€36,413▼ 236%
Net result€92,951within the sector's middle half▲ 70.4%€147,852above the sector's middle half▲ 59.1%€39,914within the sector's middle half▼ 73.0%€1,473within the sector's middle half▼ 96.3%-€30,377below the sector's middle half
Equity€269,897within the sector's middle half▲ 52.5%€443,015within the sector's middle half▲ 64.1%€470,295within the sector's middle half▲ 6.2%€459,136within the sector's middle half▼ 2.4%€428,759within the sector's middle half▼ 6.6%
Total assets€573,662below the sector's middle half▲ 11.4%€710,476within the sector's middle half▲ 23.8%€686,459within the sector's middle half▼ 3.4%€643,117within the sector's middle half▼ 6.3%€633,159within the sector's middle half▼ 1.5%
Debt€246,592▼ 23.7%€202,148▼ 18.0%€188,230▼ 6.9%€178,981▼ 4.9%€199,400▲ 11.4%
Working capital€428,879▲ 49.6%€513,032▲ 19.6%€453,510▼ 11.6%€445,687▼ 1.7%€435,912▼ 2.2%
Solvency47.0%within the sector's middle half▲ 12.7pp62.4%within the sector's middle half▲ 15.3pp68.5%within the sector's middle half▲ 6.2pp71.4%within the sector's middle half▲ 2.9pp67.7%within the sector's middle half▼ 3.7pp
Staff (FTE)15.2within the sector's middle half▼ 2.6%13.2within the sector's middle half▼ 13.2%10.8within the sector's middle half▼ 18.2%11.6within the sector's middle half▲ 7.4%11.1within the sector's middle half▼ 4.3%
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,413 in 2025 against €10,844 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €633,159
Fixed assets
€28,332 ▲ 26.0%
Current assets
€604,827 ▼ 2.5%
Equity and liabilities €633,159
Equity
€428,759 ▼ 6.6%
Provisions
€5,000 =
Debt
€199,400 ▲ 11.4%
Debt's share of the balance-sheet total rises from 27.8% to 31.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€19,105▼
2024 · €11,381
Cash flow
-€13,069▼
2024 · €23,698
Current ratio
3.58▲
2024 · 3.55
Debt to equity
0.47▲
2024 · 0.39
ROE
-7.1%▼
2024 · 0.3%
ROA
-4.8%▼
2024 · 0.2%
Interest coverage
-22.20▼
2024 · 14.05
Debt ≤ 1 year
€168,916▼
2024 · €174,936
Staff costs
€867,130▲
2024 · €845,707
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 8,594 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,665 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €761,532 | €769,229 | €769,450 | €845,707 | €867,130 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,918 | €18,277 | €21,339 | €22,225 | €17,308 | ▼ 22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €5,825 | -€5,825 | - | - |
| Other operating charges640/8 | €3,980 | €300 | €2,278 | €10,592 | €2,682 | ▼ 74.7% |
| Non-recurring operating charges66A | - | - | €25,873 | - | €446 | - |
| Gross operating margin9900 | €909,724 | €944,732 | €820,706 | €839,762 | €851,153 | ▲ 1.4% |
| Operating profit (loss)9901 | €95,120 | €148,786 | €33,321 | -€10,844 | -€36,413 | ▼ 236% |
| Financial income75/76B | €46 | €52 | €7,595 | €13,127 | €6,897 | ▼ 47.5% |
| Recurring financial income75 | €46 | €52 | €7,595 | €13,127 | €6,897 | ▼ 47.5% |
| Financial charges65/66B | €2,215 | €986 | €1,002 | €810 | €861 | ▲ 6.3% |
| Recurring financial charges65 | €2,215 | €986 | €1,002 | €810 | €861 | ▲ 6.3% |
| Profit (loss) for the period before taxes9903 | €92,951 | €147,852 | €39,914 | €1,473 | -€30,377 | ▼ 2,162% |
| Profit (loss) for the period9904 | €92,951 | €147,852 | €39,914 | €1,473 | -€30,377 | ▼ 2,162% |
| Profit (loss) for the period to be appropriated9905 | €92,951 | €147,852 | €39,914 | €1,473 | -€30,377 | ▼ 2,162% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €573,662 | €710,476 | €686,459 | €643,117 | €633,159 | ▼ 1.5% |
| Fixed assets21/28 | €5,742 | €44,871 | €44,719 | €22,494 | €28,332 | ▲ 26.0% |
| Intangible fixed assets21 | - | €18,109 | €14,096 | €2,521 | - | - |
| Tangible fixed assets22/27 | €1,742 | €22,762 | €26,623 | €15,973 | €24,332 | ▲ 52.3% |
| Furniture and vehicles24 | €1,742 | €7,157 | €6,005 | €1,314 | €15,631 | ▲ 1,090% |
| Other tangible fixed assets26 | - | €15,605 | €20,617 | €14,659 | €8,701 | ▼ 40.6% |
| Financial fixed assets28 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Current assets29/58 | €567,919 | €665,605 | €641,740 | €620,624 | €604,827 | ▼ 2.5% |
| Amounts receivable within one year40/41 | €123,847 | €87,187 | €76,412 | €40,283 | €63,780 | ▲ 58.3% |
| Trade receivables40 | €86,247 | €78,535 | €56,839 | €38,124 | €59,575 | ▲ 56.3% |
| Other amounts receivable41 | €37,600 | €8,652 | €19,572 | €2,159 | €4,205 | ▲ 94.7% |
| Current investments50/53 | - | - | €400,000 | €500,000 | €420,249 | ▼ 16.0% |
| Cash at bank and in hand54/58 | €442,689 | €577,676 | €162,319 | €64,521 | €106,436 | ▲ 65.0% |
| Deferred charges and accrued income490/1 | €1,384 | €742 | €3,009 | €15,819 | €14,363 | ▼ 9.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €573,662 | €710,476 | €686,459 | €643,117 | €633,159 | ▼ 1.5% |
| Equity10/15 | €269,897 | €443,015 | €470,295 | €459,136 | €428,759 | ▼ 6.6% |
| Contributions10/11 | - | €15,943 | €15,943 | €15,943 | €15,943 | = |
| Capital10 | - | €15,943 | €15,943 | €15,943 | €15,943 | = |
| Reserves13 | €253,954 | €401,806 | €441,720 | €441,720 | €412,816 | ▼ 6.5% |
| Profit (loss) carried forward14 | - | - | - | €1,473 | - | - |
| Investment grants15 | - | €25,266 | €12,633 | - | - | - |
| Provisions and deferred taxes16 | €57,173 | €65,313 | €27,933 | €5,000 | €5,000 | = |
| Provisions for liabilities and charges160/5 | €57,173 | €65,313 | €27,933 | €5,000 | €5,000 | = |
| Other liabilities and charges164/5 | €57,173 | €65,313 | €27,933 | €5,000 | €5,000 | = |
| Amounts payable17/49 | €246,592 | €202,148 | €188,230 | €178,981 | €199,400 | ▲ 11.4% |
| Amounts payable within one year42/48 | €139,041 | €152,573 | €188,230 | €174,936 | €168,916 | ▼ 3.4% |
| Trade debts44 | €39,509 | €46,957 | €26,189 | €3,642 | €15,560 | ▲ 327% |
| Suppliers440/4 | €39,509 | €46,957 | €26,189 | €3,642 | €15,560 | ▲ 327% |
| Taxes, remuneration and social security45 | €96,812 | €94,195 | €71,627 | €113,344 | €125,800 | ▲ 11.0% |
| Taxes450/3 | €12,738 | €9,231 | - | €8,427 | €13,825 | ▲ 64.1% |
| Remuneration and social security454/9 | €84,074 | €84,964 | €71,627 | €104,917 | €111,976 | ▲ 6.7% |
| Accrued charges and deferred income492/3 | €107,551 | €49,575 | - | €4,045 | €30,485 | ▲ 654% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,951 | €147,852 | €39,914 | €1,473 | -€30,377 | ▼ 2,162% |
| + Depreciation and write-downs630 | €6,918 | €18,277 | €21,339 | €22,225 | €17,308 | ▼ 22.1% |
| Operating cash flow (approximation) | €99,869 | €166,129 | €61,253 | €23,698 | -€13,069 | ▼ 155% |
| Investment in fixed assets (approximation) | - | -€57,406 | -€21,187 | €0 | -€23,146 | - |
| Change in cash | - | €134,987 | -€415,357 | -€97,798 | €41,915 | ▲ 143% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€30,377
Net result drops to -€30,377, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €147,852 ▲59.1%
Operating result €148,786, net result €147,852, both a record.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €269,897 ▲52.5%
4 profitable years in a row build equity to €269,897.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €176,946 ▲44.6%
3 profitable years in a row build equity to €176,946.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100,000Eq €122,408 ▲890%
2 profitable years in a row build equity to €122,408.
Show earlier events
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 3 establishment units since 2006
Ground area
8,668 m²
Building footprint
216 m²
Volume, LiDAR
3,088 m³
3 parcels, Brussels, Flanders · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
DE LINK
since 20062.154.995.847
TAO-armoede Limburg
since 20142.231.478.169
TAO-armoede Oost & West-Vlaanderen
since 20142.231.478.664
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1482/00A000 | Flanders | 7,888 m² | - | - |
| 21811M0765/00P000 | Brussels | 646 m² | 1 · 83 m² | 17.1 m · 5 fl. |
| 44804D2114/00Z004 | Flanders | 133 m² | 1 · 133 m² | 19.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 3,290,370 EUR awarded · 3,290,370 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 797,370 EUR | 797,370 EUR |
| 2024 | 3 | 779,159 EUR | 805,818 EUR |
| 2023 | 3 | 828,263 EUR | 840,404 EUR |
| 2022 | 4 | 885,578 EUR | 846,778 EUR |
Recognitions · licences · registrations
Care and welfare
1 serviceDE LINK
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Of 3,020 companies in sector 85592 we hold annual accounts for 990. 653 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded26-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
Contact
Website
www.tao-armoede.beGenk
E-mail
tao-limburg@de-link.netGenk
Phone
089566144Genk
E-mail
tao-oost&west-vlaanderen@de-link.netGent
Phone
092243264Gent
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.