EFFECTIVE LINK
ActiveSummary
The computed 12-month bankruptcy probability of EFFECTIVE LINK is 2.9% (moderate). The 2025 annual accounts show negative equity (-€20,960) and a net result of -€26,778. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 789 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-79
Solvency0▼-29
Growth32=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.0 against 1.82 in 2024; short-term debt: 93.2% and cash: 35.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-43.8%
Return on assets
-56%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€20,960
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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
2 d early
2023
9 d late
2022
12 d early
2021
4 d early
2020
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€20,960
2024 · €5,818
Total assets
€47,809▼ 66.5%
2024 · €142,598
Net result
-€26,778
2024 · €11,627
Working capital
€105▼ 99.8%
2024 · €62,932
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€49,131€36,043€60,813▲ 68.7%€19,173▼ 68.5%-€24,796
Net result-€50,648€33,264€43,769▲ 31.6%€11,627▼ 73.4%-€26,778
Equity-€2,215€31,049€5,818▼ 81.3%€5,818=-€20,960
Total assets€105,450▲ 44.4%€115,644▲ 9.7%€174,649▲ 51.0%€142,598▼ 18.4%€47,809▼ 66.5%
Debt€107,665▲ 337%€84,594▼ 21.4%€168,831▲ 99.6%€136,780▼ 19.0%€68,769▼ 49.7%
Working capital€65,785▲ 47.9%€88,360▲ 34.3%€51,656▼ 41.5%€62,932▲ 21.8%€105▼ 99.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24,796 after €19,173 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,809
Fixed assets
€3,132 =
Current assets
€44,677 ▼ 68.0%
Key figures and ratios
Solvency
-43.8%▼
2024 · 4.1%
Current ratio
1.00▼
2024 · 1.82
Debt to equity
-3.28▼
2024 · 23.51
ROA
-56.0%▼
2024 · 8.2%
Debt ≤ 1 year
€44,572▼
2024 · €76,534
Debt > 1 year
€23,575▼
2024 · €35,625
Income taxes
€434▼
2024 · €6,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €228 | €228 | €228 | €140 | - | - |
| Other operating charges640/8 | €371 | €1,143 | €616 | €1,797 | €1,072 | ▼ 40.3% |
| Gross operating margin9900 | -€48,533 | €37,415 | €61,657 | €21,110 | -€23,724 | ▼ 212% |
| Operating profit (loss)9901 | -€49,131 | €36,043 | €60,813 | €19,173 | -€24,796 | ▼ 229% |
| Financial income75/76B | - | €356 | €406 | €702 | €37 | ▼ 94.7% |
| Recurring financial income75 | - | €356 | €406 | €702 | €37 | ▼ 94.7% |
| Financial charges65/66B | €1,150 | €2,762 | €2,265 | €2,138 | €1,585 | ▼ 25.9% |
| Recurring financial charges65 | €1,150 | €2,762 | €2,265 | €2,138 | €1,585 | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | -€50,282 | €33,638 | €58,955 | €17,738 | -€26,343 | ▼ 249% |
| Income taxes67/77 | €366 | €374 | €15,186 | €6,110 | €434 | ▼ 92.9% |
| Profit (loss) for the period9904 | -€50,648 | €33,264 | €43,769 | €11,627 | -€26,778 | ▼ 330% |
| Profit (loss) for the period to be appropriated9905 | -€50,648 | €33,264 | €43,769 | €11,627 | -€26,778 | ▼ 330% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,450 | €115,644 | €174,649 | €142,598 | €47,809 | ▼ 66.5% |
| Formation expenses20 | €596 | €368 | €140 | - | - | - |
| Fixed assets21/28 | €3,132 | €3,132 | €3,132 | €3,132 | €3,132 | = |
| Financial fixed assets28 | €3,132 | €3,132 | €3,132 | €3,132 | €3,132 | = |
| Current assets29/58 | €101,722 | €112,144 | €171,377 | €139,466 | €44,677 | ▼ 68.0% |
| Amounts receivable after more than one year29 | - | €27,000 | €27,000 | €27,000 | - | - |
| Trade receivables290 | - | €27,000 | €27,000 | €27,000 | - | - |
| Amounts receivable within one year40/41 | €9,862 | €8,000 | €8,005 | €38,720 | €27,324 | ▼ 29.4% |
| Trade receivables40 | €9,680 | €8,000 | €8,000 | €38,720 | €27,225 | ▼ 29.7% |
| Other amounts receivable41 | €182 | - | €5 | - | €99 | - |
| Current investments50/53 | - | €1,683 | €6,339 | €38 | €39 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €91,861 | €75,105 | €129,288 | €72,287 | €16,868 | ▼ 76.7% |
| Deferred charges and accrued income490/1 | - | €356 | €745 | €1,420 | €447 | ▼ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,450 | €115,644 | €174,649 | €142,598 | €47,809 | ▼ 66.5% |
| Equity10/15 | -€2,215 | €31,049 | €5,818 | €5,818 | -€20,960 | ▼ 460% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€7,215 | €26,049 | €818 | €818 | -€25,960 | ▼ 3,273% |
| Amounts payable17/49 | €107,665 | €84,594 | €168,831 | €136,780 | €68,769 | ▼ 49.7% |
| Amounts payable after more than one year17 | €71,727 | €60,189 | €48,489 | €35,625 | €23,575 | ▼ 33.8% |
| Financial debts170/4 | €71,727 | €60,189 | €48,489 | €35,625 | €23,575 | ▼ 33.8% |
| Amounts payable within one year42/48 | €35,938 | €23,784 | €119,721 | €76,534 | €44,572 | ▼ 41.8% |
| Current portion of amounts payable after more than one year42 | €11,376 | €11,538 | €11,701 | €12,864 | €13,046 | ▲ 1.4% |
| Financial debts43 | €1,388 | - | - | - | €127 | - |
| Credit institutions430/8 | €1,388 | - | - | - | €127 | - |
| Trade debts44 | €2,878 | €3,672 | €2,594 | €4,966 | €6,786 | ▲ 36.6% |
| Suppliers440/4 | €2,878 | €3,672 | €2,594 | €4,966 | €6,786 | ▲ 36.6% |
| Taxes, remuneration and social security45 | €20,296 | €3,650 | €33,683 | €41,032 | €16,372 | ▼ 60.1% |
| Taxes450/3 | €20,296 | €3,650 | €33,683 | €41,032 | €16,372 | ▼ 60.1% |
| Other amounts payable47/48 | - | €4,925 | €71,743 | €17,672 | €8,240 | ▼ 53.4% |
| Accrued charges and deferred income492/3 | - | €621 | €621 | €24,621 | €621 | ▼ 97.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,648 | €33,264 | €43,769 | €11,627 | -€26,778 | ▼ 330% |
| + Depreciation and write-downs630 | €228 | €228 | €228 | €140 | - | - |
| Operating cash flow (approximation) | -€50,420 | €33,492 | €43,997 | €11,767 | -€26,778 | ▼ 328% |
| Investment in fixed assets (approximation) | - | -€228 | -€228 | -€140 | €0 | ▲ 100% |
| Change in cash | - | -€16,756 | €54,183 | -€57,001 | -€55,419 | ▲ 2.8% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Highest result since 2020net €43,769 ▲31.6%
Operating result €60,813, net result €43,769, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €33,264
Net result €33,264 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€50,648
Net result drops to -€50,648, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2019
Ground area
2,590 m²
Building footprint
1,286 m²
Volume, LiDAR
25,621 m³
Parcel 21447B0265/00V008, Brussels · tallest building 26.3 m, ±7 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Effective Link
since 20192.293.434.643
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0265/00V008 | Brussels | 2,590 m² | 1 · 1,286 m² | 26.3 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,363. 476 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
Scores and ratios are computed by Checked and are not a credit decision.