GLOBAL LINK
ActiveSummary
GLOBAL LINK has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of -€8,608. Equity remains stable across the filed financial years (±1.3% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €3.6m
- Loss
- -€8,608
- Holdings
- 7
- BETWEENManaging director · permanent representative Martine OCTAVE
- GATIGNOL Céline AnneDirector
- Pierre GATIGNOLDirector
Why 89raises riskLast filed accounts filed 72 days late; 3 of the last 3 latelowers riskSize: total assets €8.0mFounded in 2008Figures for financial year 2025 (filed 11-10-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 43% on solvency, 17% on liquidity, 34% on profitability and 40% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 161 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2025, full format
2025 annual accounts filed late (72 days) Filed on 11 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00553309.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €19,801 in 2025 against €17,070 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 246 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 89.8% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 246 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €175 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €11,827 | €22,322 | €65,439 | €16,103 | €18,802 | ▲ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €906 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €868 | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | -€80,891 | €84,320 | -€13,225 | -€11,827 | -€22,147 | -€65,439 | -€16,103 | -€18,802 | ▼ 16.8% |
| Operating profit (loss)9901 | -€82,665 | €83,452 | -€14,093 | -€12,695 | -€23,015 | -€66,399 | -€17,070 | -€19,801 | ▼ 16.0% |
| Financial income75/76B | - | - | - | €613,396 | - | €31,141 | €166,634 | €11,620 | ▼ 93.0% |
| Recurring financial income75 | €596,510 | €342,290 | €324,364 | €613,396 | - | €31,141 | €166,634 | €11,620 | ▼ 93.0% |
| Financial charges65/66B | - | - | - | €350,556 | €808 | €894 | €238,556 | €427 | ▼ 99.8% |
| Recurring financial charges65 | €433,337 | €618 | €487 | €88,862 | €808 | €894 | €202,888 | €427 | ▼ 99.8% |
| Non-recurring financial charges66B | - | - | - | €261,694 | - | - | €35,668 | - | - |
| Profit (loss) for the period before taxes9903 | €395,039 | €425,124 | €309,784 | €250,145 | -€23,823 | -€36,151 | -€88,992 | -€8,608 | ▲ 90.3% |
| Income taxes67/77 | €0 | €0 | - | €130,050 | - | - | - | - | - |
| Profit (loss) for the period9904 | €395,039 | €425,124 | €309,784 | €120,095 | -€23,823 | -€36,151 | -€88,992 | -€8,608 | ▲ 90.3% |
| Profit (loss) for the period to be appropriated9905 | €395,039 | €425,124 | €309,784 | €120,095 | -€23,823 | -€36,151 | -€88,992 | -€8,608 | ▲ 90.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.5m | €8.8m | €8.3m | €8.2m | €7.9m | €10.4m | €10.1m | €8.0m | ▼ 21.0% |
| Fixed assets21/28 | €1.2m | €1.0m | €1.2m | €0.9m | €1.2m | €1.4m | €0.9m | €1.0m | ▲ 9.9% |
| Tangible fixed assets22/27 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €1.2m | €1.0m | €1.2m | €0.9m | €1.2m | €1.4m | €0.9m | €1.0m | ▲ 9.9% |
| Current assets29/58 | €7.3m | €7.8m | €7.1m | €7.3m | €6.7m | €9.0m | €9.2m | €7.0m | ▼ 24.0% |
| Amounts receivable after more than one year29 | - | - | - | €5.3m | €5.0m | €5.4m | €6.8m | €6.2m | ▼ 8.5% |
| Other amounts receivable291 | - | - | - | €5.3m | €5.0m | €5.4m | €6.8m | €6.2m | ▼ 8.5% |
| Amounts receivable within one year40/41 | €0.005m | €0.001m | €293 | - | - | - | - | - | - |
| Current investments50/53 | - | - | - | - | - | €2.5m | €1.5m | - | - |
| Cash at bank and in hand54/58 | €0.5m | €1.5m | €0.6m | €1.5m | €1.2m | €0.6m | €0.4m | €0.3m | ▼ 29.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.5m | €8.8m | €8.3m | €8.2m | €7.9m | €10.4m | €10.1m | €8.0m | ▼ 21.0% |
| Equity10/15 | €2.9m | €3.3m | €3.6m | €3.8m | €3.7m | €3.7m | €3.6m | €3.6m | ▼ 0.2% |
| Contributions10/11 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Capital10 | - | - | - | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Issued capital100 | - | - | - | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Legal reserve130 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €0.2m | €0.6m | €0.9m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | ▼ 1.0% |
| Amounts payable17/49 | €5.6m | €5.5m | €4.7m | €4.5m | €4.2m | €6.7m | €6.5m | €4.4m | ▼ 32.4% |
| Amounts payable within one year42/48 | €5.6m | €5.5m | €4.7m | €4.4m | €4.0m | €6.6m | €6.5m | €4.4m | ▼ 32.4% |
| Financial debts43 | - | - | - | - | - | - | €48 | €48 | = |
| Credit institutions430/8 | - | - | - | - | - | - | €48 | €48 | = |
| Trade debts44 | €0.02m | €0.005m | €0.004m | €0.004m | €0.01m | €0.004m | €0.008m | €0.03m | ▲ 212% |
| Suppliers440/4 | - | - | - | €0.004m | €0.01m | €0.004m | €0.008m | €0.03m | ▲ 212% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | - | - | - | - |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €4.3m | €3.9m | €6.6m | €6.5m | €4.4m | ▼ 32.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.1m | €0.1m | €0.02m | €0.01m | ▼ 44.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €395,039 | €425,124 | €309,784 | €120,095 | -€23,823 | -€36,151 | -€88,992 | -€8,608 | ▲ 90.3% |
| + Depreciation and write-downs630 | €906 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €395,945 | €425,124 | €309,784 | €120,095 | -€23,823 | -€36,151 | -€88,992 | -€8,608 | ▲ 90.3% |
| Investment in fixed assets (approximation) | - | €194,091 | -€175,098 | €252,231 | -€310,000 | -€160,238 | €495,668 | -€89,173 | - |
| Change in cash | - | €983,655 | -€887,907 | €936,190 | -€355,701 | -€561,823 | -€179,253 | -€126,882 | ▲ 29.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 11-10-2026 | 2026-00553309 |
| 31-12-2024 | full format | 10-10-2025 | 2025-00540477 |
| 31-12-2023 | full format | 15-09-2025 | 2025-00491996 |
| 31-12-2022 | full format | 22-12-2023 | 2023-00539851 |
| 31-12-2021 | full format | 26-12-2022 | 2022-20550183 |
| 31-12-2020 | full format | 31-12-2021 | 2021-82300571 |
| 31-12-2019 | full format | 08-12-2020 | 2020-75500138 |
| 31-12-2018 | full format | 31-12-2019 | 2019-78100357 |
| 31-12-2017 | full format | 31-12-2018 | 2018-76000572 |
| 31-12-2016 | full format | 31-12-2017 | 2017-73700245 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BETWEEN |
|
| GATIGNOL Céline Anne |
|
| Pierre GATIGNOL |
|
Owners and capital
Capital and shareholders
- 24-05-2024 Capital stated in the deed · €2,500,000 · 20,852 shares
Group and network
Holdings and subsidiaries
7 holdingsHoldings 7
Source for every holding own accounts 2025
- G L AMERICA CORPUSsubsidiaryEquity -USD 1.2mResult -USD 168,329100%
- GLOBAL FINANCE ESTATE S.A.R.L.FRsubsidiaryEquity €3.2mResult -€244,544100%
- EGLALINKFREquity €66,800Result €38,21250%
- CASTOR ET POLLUXFREquity -€567,823Result -€73,08548.75%
- MDBFREquity -€296,676Result -€17,12348.75%
- CCZFREquity -€265,927Result €37,27547.75%
- GEPC2EFREquity €18,035Result €12,97347.75%
According to the 2025 annual accounts of GLOBAL LINK and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
7 connected companiesShow 3 more companies with a shared director
History
Acts, filings and financial milestones
24-05
Gazette deed
Reappointments: Pierre GATIGNOL (director) and BETWEEN (director and managing director)Permanent representative: Martine OCTAVE · Appointment: GATIGNOL Céline Anne (director) · Amendment of the articles8 facts ▸
- General meeting, 29-12-2023
- Director reappointment, Pierre GATIGNOL (director)
- Director reappointment, BETWEEN (director and managing director)
- Permanent representative, Martine OCTAVE
- Director appointment, GATIGNOL Céline Anne (director)
- Amendment of the articles (2 times)
- Capital, €2,500,000
- Power of attorney
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21618B0277/02H003 | Brussels | 255 m² | 1 · 128 m² | 18.6 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'acquisition,la valorisation et la gestion d'un patrimoine mobilier composé notamment d'actions ou parts,d'obligations,de bons de caisse ou…” (deed in French)
7 activities (deed in French)
- L'acquisition,la valorisation et la gestion d'un patrimoine mobilier composé notamment d'actions ou parts,d'obligations,de bons de caisse ou d'autres valeurs mobilières,quelle que soit leur nature,de sociétés belges ou étrangères,existantes ou à constituer ainsi que l'exercice de toutes missions d'administration et l'exercice de mandats et de fonctions se rapportant directement ou indirectement à son objet social.
- Réaliser les opérations ci-dessus pour son compte personnel ou pour compte de tiers,notamment,comme commissionnaire,courtier,intermédiaire,agent ou mandataire.
- Fournir des garanties réelles ou personnelles au profit de sociétés ou entreprises dans lesquelles elle est intéressée ou au profit de tiers moyennant rémunération.
- Fournir de la prestation de services dont,notamment,le conseil aux entreprises et la réalisation de tous types d'études,dans la gestion,le marketing,l'ingénierie et dans tout autre domaine ; la vente de matériels nécessaires à ces études.
- Accepter tout mandat de gestion et d’administration dans toute société et association quelconque et se porter caution pour autrui.
- Accomplir toutes opérations généralement quelconques,commerciales,industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement à son objet.
- S'intéresser par toutes voies,dans toutes affaires,entreprises ou sociétés ayant un objet identique,analogue,similaire ou connexe,ou qui soit de nature à favoriser le développement de son entreprise.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GLOBAL LINK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Simple décision, Région de Bruxelles-Capitale” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, organe d'administration” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Organe d’administration souverainement, taux de l'intérêt légal augmenté de deux pour cent l’an” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Proposé cédant ou contestation fixé expert commun accord ou président tribunal entreprise statuant comme en référé, à charge candidats…” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Assemblée générale délibérant dans les conditions requises pour la modification des statuts, autorisation” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction en comité liquidation, plus étendus conférés par CSA” (deed in French)