IMMO DE LINK
ActiveSummary
IMMO DE LINK has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €421k and a net result of €70k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+68
Solvency93▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.04 against 5.25 in 2024; short-term debt: 14.2% and cash: 46.4% of total assets), and 31.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
68.4%
Return on assets
11.3%
Age of the figures
9 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
25 d late
2023
30 d late
2022
140 d late
2021
89 d late
2020
27 d late
2019
91 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€421k▲ 7.9%
2024 · €390k
2018: €157klowest in 8 years
2019: €193k▲ +22.9% vs 2018
2020: €232k▲ +20.0% vs 2019
2021: €263k▲ +13.2% vs 2020
2022: €217k▼ -17.4% vs 2021
2023: €452k▲ +108% vs 2022highest in 8 years
2024: €390k▼ -13.9% vs 2023
2025: €421k▲ +7.9% vs 2024
2018 → 2025
Total assets
€615k▲ 3.2%
2024 · €596k
2018: €817k
2019: €816k▼ -0.1% vs 2018
2020: €811k▼ -0.7% vs 2019
2021: €972k▲ +19.9% vs 2020
2022: €1.01M▲ +4.2% vs 2021highest in 8 years
2023: €744k▼ -26.5% vs 2022
2024: €596k▼ -19.8% vs 2023lowest in 8 years
2025: €615k▲ +3.2% vs 2024
2018 → 2025
Net result
€70k
2024 · €-27k
2018: €42k
2019: €36k▼ -13.3% vs 2018
2020: €39k▲ +7.4% vs 2019
2021: €31k▼ -20.9% vs 2020
2022: €82k▲ +170% vs 2021
2023: €277k▲ +236% vs 2022highest in 8 years
2024: €-27k▼ -110% vs 2023lowest in 8 years
2025: €70k▲ +360% vs 2024
2018 → 2025
Working capital
€353k▲ 9.7%
2024 · €322k
2018: €143k
2019: €181k▲ +26.8% vs 2018
2020: €222k▲ +22.6% vs 2019
2021: €70k▼ -68.6% vs 2020
2022: €-3k▼ -105% vs 2021lowest in 8 years
2023: €391k▲ +12481% vs 2022highest in 8 years
2024: €322k▼ -17.6% vs 2023
2025: €353k▲ +9.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€263k-€217k▼ 17.4%€452k▲ 108%€390k▼ 13.9%€421k▲ 7.9%
2021: €263k
2022: €217k▼ -17.4% vs 2021lowest in 5 years
2023: €452k▲ +108% vs 2022highest in 5 years
2024: €390k▼ -13.9% vs 2023
2025: €421k▲ +7.9% vs 2024
Operating result€55k-€109k▲ 98.0%€424k▲ 288%€-23k€96k
2021: €55k
2022: €109k▲ +98.0% vs 2021
2023: €424k▲ +288% vs 2022highest in 5 years
2024: €-23k▼ -105% vs 2023lowest in 5 years
2025: €96k▲ +517% vs 2024
Net result€31k-€82k▲ 170%€277k▲ 236%€-27k€70k
2021: €31k
2022: €82k▲ +170% vs 2021
2023: €277k▲ +236% vs 2022highest in 5 years
2024: €-27k▼ -110% vs 2023lowest in 5 years
2025: €70k▲ +360% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €96k after a loss of €23k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €615k
Fixed assets
€175k ▼ 12.0%
Current assets
€440k ▲ 10.8%
Equity and liabilities €615k
Equity
€421k ▲ 7.9%
Debt
€195k ▼ 5.8%
Debt's share of the balance-sheet total falls from 34.6% to 31.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€119k▲
2024 · €881
Cash flow
€93k▲
2024 · €-3k
Current ratio
5.04▼
2024 · 5.25
Debt to equity
0.46▼
2024 · 0.53
ROE
16.5%▲
2024 · -6.9%
ROA
11.3%▲
2024 · -4.5%
Interest coverage
38.57▲
2024 · 0.26
Debt ≤ 1 year
€87k▲
2024 · €76k
Debt > 1 year
€106k▼
2024 · €130k
Income taxes
€23k▲
2024 · €334
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€596k€615k▲
Fixed assets21/28€199k€175k▼
Tangible fixed assets22/27€199k€175k▼
Land and buildings22€172k€166k▼
Furniture and vehicles24€27k€9k▼
Current assets29/58€397k€440k▲
Amounts receivable within one year40/41€154k€154k▲
Trade receivables40€284€6k▲
Other amounts receivable41€153k€148k▼
Cash at bank and in hand54/58€244k€285k▲
Deferred charges and accrued income490/1-€568
Equity and liabilities
Total equity and liabilities10/49€596k€615k▲
Equity10/15€390k€421k▲
Contributions10/11€20k€20k=
Reserves13€379k€401k▲
Distributable reserves133€379k€401k▲
Profit (loss) carried forward14€-9k-
Amounts payable17/49€206k€195k▼
Amounts payable after more than one year17€130k€106k▼
Financial debts170/4€130k€106k▼
Amounts payable within one year42/48€76k€87k▲
Current portion of amounts payable after more than one year42€31k€24k▼
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45-€20k
Taxes450/3-€20k
Other amounts payable47/48€36k€39k▲
Accrued charges and deferred income492/3€800€800=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€24k=
Other operating charges640/8€4k€2k▼
Gross operating margin9900€5k€122k▲
Operating profit (loss)9901€-23k€96k▲
Financial income75/76B-€153
Recurring financial income75-€153
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-26k€93k▲
Income taxes67/77€334€23k▲
Profit (loss) for the period9904€-27k€70k▲
Profit (loss) for the period to be appropriated9905€-27k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€61k▲
Profit (loss) brought forward from the previous period14P€16k€-9k▼
Transfer from equity791/2€38k€39k▲
Transfer to equity691/2-€61k
To other reserves6921-€61k
Profit to be distributed694/7€36k€39k▲
Return on contributions (dividend)694€36k€39k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €442k | - | - | - |
| Remuneration, social security and pensions62 | €14k | €2k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €22k | €24k | €24k | €24k | = |
| Other operating charges640/8 | €46k | €15k | €10k | €4k | €2k | ▼ 42.9% |
| Non-recurring operating charges66A | - | €7k | - | - | - | - |
| Gross operating margin9900 | €147k | €156k | €458k | €5k | €122k | ▲ 2,419% |
| Operating profit (loss)9901 | €55k | €109k | €424k | €-23k | €96k | ▲ 517% |
| Financial income75/76B | €139 | - | €812 | - | €153 | - |
| Recurring financial income75 | €139 | - | €812 | - | €153 | - |
| Financial charges65/66B | €9k | €12k | €18k | €3k | €3k | ▼ 9.4% |
| Recurring financial charges65 | €9k | €12k | €18k | €3k | €3k | ▼ 9.4% |
| Profit (loss) for the period before taxes9903 | €47k | €97k | €407k | €-26k | €93k | ▲ 451% |
| Income taxes67/77 | €16k | €15k | €130k | €334 | €23k | ▲ 6,830% |
| Profit (loss) for the period9904 | €31k | €82k | €277k | €-27k | €70k | ▲ 360% |
| Profit (loss) for the period to be appropriated9905 | €31k | €82k | €277k | €-27k | €70k | ▲ 360% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €972k | €1.01M | €744k | €596k | €615k | ▲ 3.2% |
| Fixed assets21/28 | €794k | €802k | €223k | €199k | €175k | ▼ 12.0% |
| Tangible fixed assets22/27 | €794k | €802k | €223k | €199k | €175k | ▼ 12.0% |
| Land and buildings22 | €722k | €740k | €179k | €172k | €166k | ▼ 3.7% |
| Furniture and vehicles24 | €72k | €62k | €44k | €27k | €9k | ▼ 65.8% |
| Current assets29/58 | €177k | €211k | €521k | €397k | €440k | ▲ 10.8% |
| Amounts receivable within one year40/41 | €156k | €169k | €158k | €154k | €154k | ▲ 0.4% |
| Trade receivables40 | €4k | - | €7k | €284 | €6k | ▲ 1,945% |
| Other amounts receivable41 | €152k | €169k | €151k | €153k | €148k | ▼ 3.2% |
| Cash at bank and in hand54/58 | €21k | €41k | €363k | €244k | €285k | ▲ 17.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €568 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €972k | €1.01M | €744k | €596k | €615k | ▲ 3.2% |
| Equity10/15 | €263k | €217k | €452k | €390k | €421k | ▲ 7.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €227k | €181k | €417k | €379k | €401k | ▲ 5.8% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €225k | €179k | €417k | €379k | €401k | ▲ 5.8% |
| Profit (loss) carried forward14 | €16k | €16k | €16k | €-9k | - | - |
| Amounts payable17/49 | €709k | €795k | €291k | €206k | €195k | ▼ 5.8% |
| Amounts payable after more than one year17 | €601k | €581k | €161k | €130k | €106k | ▼ 18.2% |
| Financial debts170/4 | €601k | €581k | €161k | €130k | €106k | ▼ 18.2% |
| Amounts payable within one year42/48 | €107k | €214k | €130k | €76k | €87k | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | €24k | €30k | €30k | €31k | €24k | ▼ 23.2% |
| Trade debts44 | €25k | €2k | €16k | €8k | €5k | ▼ 36.8% |
| Suppliers440/4 | €25k | €2k | €16k | €8k | €5k | ▼ 36.8% |
| Taxes, remuneration and social security45 | €58k | €53k | €43k | - | €20k | - |
| Taxes450/3 | €55k | €53k | €43k | - | €20k | - |
| Remuneration and social security454/9 | €3k | - | - | - | - | - |
| Other amounts payable47/48 | - | €128k | €42k | €36k | €39k | ▲ 6.3% |
| Accrued charges and deferred income492/3 | - | - | - | €800 | €800 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €82k | €277k | €-27k | €70k | ▲ 360% |
| + Depreciation and write-downs630 | €32k | €22k | €24k | €24k | €24k | = |
| Operating cash flow (approximation) | €63k | €104k | €301k | €-3k | €93k | ▲ 3,351% |
| Investment in fixed assets (approximation) | - | €-29k | €555k | €0 | €0 | - |
| Change in cash | - | €20k | €322k | €-119k | €42k | ▲ 135% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €277k ▲236%
Operating result €424k, net result €277k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.00
Current ratio from 0.99 to 4.00; short-term debt falls from €214k to €130k.
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €200kEq €232k ▲20%
3 profitable years in a row build equity to €232k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Show earlier events
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 142 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brugge · 1 establishment unit since 2010
Ground area
483 m²
Building footprint
471 m²
Volume, LiDAR
5,853 m³
2 parcels, Flanders · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Immo De Link
since 20102.189.132.721
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812P0100/00S014 | Flanders | 292 m² | 1 · 291 m² | 18.1 m · 5 fl. |
| 31812P0100/00X018 | Flanders | 191 m² | 1 · 181 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,731 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
Founded14-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.