LASTLINK PROPERTIES
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 3 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€421,905▲ 6.4%
2024 · -€450,586
Working capital
-€2.7m▼ 80.1%
2024 · -€1.5m
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€85,996
▼ 345%
2025
20232025
Net result
-€421,905
▲ 6.4%
2025
20232025
Equity
€322,473
▼ 56.7%
2025
20232025
Total assets
€11.2m
▲ 28.3%
2025
20232025
Debt
€10.9m
▲ 36.2%
2025
20232025
Working capital
-€2.7m
▼ 80.1%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€0.01m--€0.02m▼ 67.9%-€0.09m▼ 345%
Net result-€0.3m--€0.5m▼ 38.6%-€0.4m▲ 6.4%
Equity-€0.3m-€0.7m€0.3m▼ 56.7%
Total assets€6.6m-€8.8m▲ 31.8%€11.2m▲ 28.3%
Debt€6.9m-€8.0m▲ 15.3%€10.9m▲ 36.2%
Working capital-€0.2m--€1.5m▼ 759%-€2.7m▼ 80.1%
The operating result for 2025 is a loss of €85,996, larger than the loss of €19,325 in 2024. It is the lowest result since 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.2m
Fixed assets
€10.5m ▲ 30.9%
Current assets
€676,774 ▲ 0.7%
Equity and liabilities €11.2m
Equity
€322,473 ▼ 56.7%
Debt
€10.9m ▲ 36.2%
Debt's share of the balance-sheet total rises from 91.5% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€74,892▼
2024 · -€15,196
Cash flow
-€410,801▲
2024 · -€446,456
Current ratio
0.20▼
2024 · 0.31
Debt to equity
33.82▲
2024 · 10.76
ROE
-130.8%▼
2024 · -60.5%
ROA
-3.8%▲
2024 · -5.1%
Interest coverage
-0.16▼
2024 · -0.03
Debt ≤ 1 year
€3.4m▲
2024 · €2.2m
Debt > 1 year
€7.3m▲
2024 · €5.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Debts secured on the company's own assets | - | - | €1.7m |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €6.5m | €1.6m | €2.5m |
| Depreciation and write-downs of the year | €7,363 | €4,129 | €11,105 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,363 | €4,129 | €11,105 | ▲ 169% |
| Other operating charges640/8 | €732 | €395 | €998 | ▲ 153% |
| Gross operating margin9900 | -€3,414 | -€14,801 | -€73,893 | ▼ 399% |
| Operating profit (loss)9901 | -€11,509 | -€19,325 | -€85,996 | ▼ 345% |
| Financial income75/76B | - | €43,229 | €123,110 | ▲ 185% |
| Recurring financial income75 | - | €43,229 | €123,110 | ▲ 185% |
| Financial charges65/66B | €313,526 | €474,490 | €459,019 | ▼ 3.3% |
| Recurring financial charges65 | €313,526 | €474,490 | €459,019 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | -€325,036 | -€450,586 | -€421,905 | ▲ 6.4% |
| Profit (loss) for the period9904 | -€325,036 | -€450,586 | -€421,905 | ▲ 6.4% |
| Profit (loss) for the period to be appropriated9905 | -€325,036 | -€450,586 | -€421,905 | ▲ 6.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €6.6m | €8.8m | €11.2m | ▲ 28.3% |
| Formation expenses20 | €0.01m | €0.05m | €0.04m | ▼ 23.9% |
| Fixed assets21/28 | €6.5m | €8.0m | €10.5m | ▲ 30.9% |
| Financial fixed assets28 | €6.5m | €8.0m | €10.5m | ▲ 30.9% |
| Current assets29/58 | €0.2m | €0.7m | €0.7m | ▲ 0.7% |
| Amounts receivable within one year40/41 | €0.2m | €0.5m | €0.4m | ▼ 18.9% |
| Trade receivables40 | €0.007m | €0.007m | €0.08m | ▲ 988% |
| Other amounts receivable41 | €0.1m | €0.5m | €0.3m | ▼ 35.1% |
| Cash at bank and in hand54/58 | €0.01m | €0.2m | €0.1m | ▼ 15.7% |
| Deferred charges and accrued income490/1 | - | €0.04m | €0.2m | ▲ 342% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €6.6m | €8.8m | €11.2m | ▲ 28.3% |
| Equity10/15 | -€0.3m | €0.7m | €0.3m | ▼ 56.7% |
| Contributions10/11 | €0.02m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.8m | -€1.2m | ▼ 54.4% |
| Amounts payable17/49 | €6.9m | €8.0m | €10.9m | ▲ 36.2% |
| Amounts payable after more than one year17 | €6.6m | €5.8m | €7.3m | ▲ 27.5% |
| Financial debts170/4 | €6.6m | €5.8m | €7.3m | ▲ 27.5% |
| Amounts payable within one year42/48 | €0.3m | €2.2m | €3.4m | ▲ 55.6% |
| Current portion of amounts payable after more than one year42 | €0.01m | €0.03m | €0.08m | ▲ 170% |
| Trade debts44 | €384 | €395 | €0.1m | ▲ 274× |
| Suppliers440/4 | €384 | €395 | €0.1m | ▲ 274× |
| Taxes, remuneration and social security45 | - | - | €0.003m | - |
| Taxes450/3 | - | - | €0.003m | - |
| Other amounts payable47/48 | €0.3m | €2.1m | €3.2m | ▲ 48.9% |
| Accrued charges and deferred income492/3 | - | €0.07m | €0.2m | ▲ 158% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.3m | -€0.5m | -€0.4m | ▲ 6.4% |
| + Depreciation and write-downs630 | €0.007m | €0.004m | €0.01m | ▲ 169% |
| Operating cash flow (approximation) | -€0.3m | -€0.4m | -€0.4m | ▲ 8.0% |
| Investment in fixed assets (approximation) | - | -€1.6m | -€2.5m | ▼ 58.1% |
| Change in cash | - | €0.2m | -€0.03m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.