FHLinK
ActiveSummary
FHLinK has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €33k. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-2
Solvency71▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 3.9 in 2024; short-term debt: 40.2% and cash: 11.5% of total assets), but 53.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.4%
Return on assets
13.2%
Age of the figures
12 mo
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 30-09-2025 was due by 30-04-2026 and was filed on 18-03-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
37 d early
2023
5 d early
2022
32 d early
2021
152 d early
2020
85 d early
2019
115 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€115k▼ 38.4%
2024 · €187k
2018: €8k
2019: €18k
2020: €51k
2021: €78k
2022: €113k
2023: €155k
2024: €187k
2018 → 2025
Total assets
€248k▼ 12.8%
2024 · €284k
2018: €33k
2019: €91k
2020: €124k
2021: €159k
2022: €210k
2023: €197k
2024: €284k
2018 → 2025
Net result
€33k▼ 20.1%
2024 · €41k
2018: €-5k
2019: €19k
2020: €49k
2021: €38k
2022: €35k
2023: €42k
2024: €41k
2018 → 2025
Working capital
€67k▼ 51.7%
2024 · €140k
2018: €-1k
2019: €8k
2020: €37k
2021: €63k
2022: €94k
2023: €134k
2024: €140k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€113k▲ 44.6%€155k▲ 36.9%€187k▲ 20.8%€115k▼ 38.4%
Operating result€48k-€49k▲ 1.8%€59k▲ 21.2%€60k▲ 0.9%€46k▼ 22.2%
Net result€38k-€35k▼ 7.3%€42k▲ 19.8%€41k▼ 2.1%€33k▼ 20.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248k
Fixed assets
€81k ▼ 15.8%
Current assets
€167k ▼ 11.2%
Equity and liabilities €248k
Equity
€115k ▼ 38.4%
Debt
€133k ▲ 36.5%
Debt's share of the balance-sheet total rises from 34.2% to 53.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70k▼
2024 · €81k
Cash flow
€56k▼
2024 · €62k
Current ratio
1.68▼
2024 · 3.90
Quick ratio
1.67▼
2024 · 3.88
Debt to equity
1.15▲
2024 · 0.52
ROE
28.3%▲
2024 · 21.8%
ROA
13.2%▼
2024 · 14.4%
Interest coverage
27.64▲
2024 · 26.56
Debt ≤ 1 year
€100k▲
2024 · €48k
Debt > 1 year
€33k▼
2024 · €49k
Income taxes
€14k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€284k€248k▼
Fixed assets21/28€96k€81k▼
Tangible fixed assets22/27€94k€79k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€61k€44k▼
Other tangible fixed assets26€31k€33k▲
Financial fixed assets28€2k€2k=
Current assets29/58€188k€167k▼
Amounts receivable after more than one year29€77k€68k▼
Other amounts receivable291€77k€68k▼
Stocks and contracts in progress3€825€575▼
Stocks30/36€825€575▼
Amounts receivable within one year40/41€51k€67k▲
Trade receivables40€37k€36k▼
Other amounts receivable41€14k€31k▲
Cash at bank and in hand54/58€56k€29k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€284k€248k▼
Equity10/15€187k€115k▼
Contributions10/11€10k-
Reserves13€177k€115k▼
Distributable reserves133€177k€115k▼
Amounts payable17/49€97k€133k▲
Amounts payable after more than one year17€49k€33k▼
Financial debts170/4€49k€33k▼
Amounts payable within one year42/48€48k€100k▲
Current portion of amounts payable after more than one year42€23k€18k▼
Financial debts43€3k€3k▼
Credit institutions430/8€3k€3k▼
Trade debts44€5k€5k▲
Suppliers440/4€5k€5k▲
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€9k€11k▲
Other amounts payable47/48€9k€62k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€23k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€82k€71k▼
Operating profit (loss)9901€60k€46k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€59k€47k▼
Income taxes67/77€18k€14k▼
Profit (loss) for the period9904€41k€33k▼
Profit (loss) for the period to be appropriated9905€41k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€33k▼
Transfer from equity791/2€9k€95k▲
Transfer to equity691/2€41k€33k▼
To other reserves6921€41k€33k▼
Profit to be distributed694/7€9k€95k▲
Return on contributions (dividend)694€9k€95k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 5.35
Current ratio from 2.35 to 5.35; short-term debt falls from €70k to €31k.
30-09
Financial
Equity above €150kEq €155k ▲36.9%
5 profitable years in a row build equity to €155k.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100kEq €113k ▲44.6%
4 profitable years in a row build equity to €113k.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €49k ▲160%
Operating result €60k, net result €49k, both a record.
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
Show earlier events
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kaprijke · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Berkenlaan 119971 KaprijkeGround area
1,719 m²
Building footprint
199 m²
Volume, LiDAR
911 m³
Parcel 43009B1224/00B000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FHLinK
since 20122.214.957.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009B1224/00B000 | Flanders | 1,719 m² | 1 · 199 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 483 EUR awarded · 483 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 483 EUR | 483 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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CABO
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GOMES ELECTRICITE
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IA CONSTRUCT
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,765 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2012
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43230Insulation installation
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.