LINK
ActiveSummary
LINK has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188k and a net result of €16k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 63% 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
Profitability74▼-4
Solvency72▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.74 in 2024; short-term debt: 49.2% and cash: 6.2% of total assets), and 53% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · 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
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
47%
Return on assets
4.1%
Age of the figures
12 mo
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 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
on the day
2022
3 d early
2021
1 d early
2020
1 d early
2019
22 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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€188k▲ 9.4%
2024 · €172k
2018: €94klowest in 8 years
2019: €114k▲ +21.1% vs 2018
2020: €120k▲ +5.2% vs 2019
2021: €136k▲ +13.5% vs 2020
2022: €176k▲ +29.4% vs 2021
2023: €158k▼ -10.3% vs 2022
2024: €172k▲ +8.8% vs 2023
2025: €188k▲ +9.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€400k▼ 5.1%
2024 · €422k
2018: €194klowest in 8 years
2019: €242k▲ +24.7% vs 2018
2020: €225k▼ -6.7% vs 2019
2021: €227k▲ +0.5% vs 2020
2022: €235k▲ +3.6% vs 2021
2023: €339k▲ +44.4% vs 2022
2024: €422k▲ +24.3% vs 2023highest in 8 years
2025: €400k▼ -5.1% vs 2024
2018 → 2025
Net result
€16k▼ 49.1%
2024 · €32k
2018: €17k
2019: €35k▲ +102% vs 2018
2020: €21k▼ -40.1% vs 2019
2021: €31k▲ +49.5% vs 2020
2022: €55k▲ +76.2% vs 2021highest in 8 years
2023: €-18k▼ -133% vs 2022lowest in 8 years
2024: €32k▲ +275% vs 2023
2025: €16k▼ -49.1% vs 2024
2018 → 2025
Working capital
€-18k▲ 70.8%
2024 · €-60k
2018: €22k
2019: €33k▲ +51.8% vs 2018
2020: €48k▲ +42.3% vs 2019highest in 8 years
2021: €45k▼ -6.3% vs 2020
2022: €44k▼ -0.7% vs 2021
2023: €-126k▼ -385% vs 2022lowest in 8 years
2024: €-60k▲ +52.2% vs 2023
2025: €-18k▲ +70.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€176k▲ 29.4%€158k▼ 10.3%€172k▲ 8.8%€188k▲ 9.4%
2021: €136klowest in 5 years
2022: €176k▲ +29.4% vs 2021
2023: €158k▼ -10.3% vs 2022
2024: €172k▲ +8.8% vs 2023
2025: €188k▲ +9.4% vs 2024highest in 5 years
Operating result€26k-€63k▲ 142%€-4k€39k€30k▼ 23.3%
2021: €26k
2022: €63k▲ +142% vs 2021highest in 5 years
2023: €-4k▼ -107% vs 2022lowest in 5 years
2024: €39k▲ +986% vs 2023
2025: €30k▼ -23.3% vs 2024
Net result€31k-€55k▲ 76.2%€-18k€32k€16k▼ 49.1%
2021: €31k
2022: €55k▲ +76.2% vs 2021highest in 5 years
2023: €-18k▼ -133% vs 2022lowest in 5 years
2024: €32k▲ +275% vs 2023
2025: €16k▼ -49.1% 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 falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400k
Fixed assets
€221k ▼ 12.5%
Current assets
€179k ▲ 6.1%
Equity and liabilities €400k
Equity
€188k ▲ 9.4%
Debt
€212k ▼ 15.0%
Debt's share of the balance-sheet total falls from 59.3% to 53.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▼
2024 · €71k
Cash flow
€48k▼
2024 · €64k
Current ratio
0.91▲
2024 · 0.74
Debt to equity
1.13▼
2024 · 1.46
ROE
8.6%▼
2024 · 18.6%
ROA
4.1%▼
2024 · 7.6%
Interest coverage
29.60▼
2024 · 479.45
Debt ≤ 1 year
€197k▼
2024 · €229k
Income taxes
€14k▲
2024 · €7k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€422k€400k▼
Fixed assets21/28€253k€221k▼
Tangible fixed assets22/27€253k€221k▼
Land and buildings22€240k€216k▼
Furniture and vehicles24€12k€5k▼
Current assets29/58€169k€179k▲
Amounts receivable within one year40/41€127k€155k▲
Trade receivables40€127k€154k▲
Other amounts receivable41€250€250=
Cash at bank and in hand54/58€42k€25k▼
Equity and liabilities
Total equity and liabilities10/49€422k€400k▼
Equity10/15€172k€188k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€128k€144k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€122k€138k▲
Profit (loss) carried forward14€-18k€-18k=
Amounts payable17/49€250k€212k▼
Amounts payable within one year42/48€229k€197k▼
Trade debts44€65k€35k▼
Suppliers440/4€65k€35k▼
Taxes, remuneration and social security45€8k€18k▲
Taxes450/3€8k€18k▲
Other amounts payable47/48€156k€144k▼
Accrued charges and deferred income492/3€20k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€1k€27k▲
Gross operating margin9900€74k€88k▲
Operating profit (loss)9901€39k€30k▼
Financial income75/76B€0€3k▲
Recurring financial income75€0€41▲
Non-recurring financial income76B-€3k
Financial charges65/66B€147€2k▲
Recurring financial charges65€147€2k▲
Profit (loss) for the period before taxes9903€38k€31k▼
Income taxes67/77€7k€14k▲
Profit (loss) for the period9904€32k€16k▼
Profit (loss) for the period to be appropriated9905€32k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€-2k▼
Profit (loss) brought forward from the previous period14P€-18k€-18k▲
Transfer to equity691/2€14k€16k▲
To other reserves6921€14k€16k▲
Profit to be distributed694/7€18k-
Directors or managers695€18k-
The notes to these accounts (3 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 | - | €800 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €16k | €21k | €32k | €32k | ▼ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2k | - | - |
| Other operating charges640/8 | €1k | €8k | €3k | €1k | €27k | ▲ 1,757% |
| Gross operating margin9900 | €37k | €86k | €19k | €74k | €88k | ▲ 19.3% |
| Operating profit (loss)9901 | €26k | €63k | €-4k | €39k | €30k | ▼ 23.3% |
| Financial income75/76B | €13k | €2k | €1k | €0 | €3k | ▲ 2,844,673% |
| Recurring financial income75 | €3k | €2k | €1k | €0 | €41 | ▲ 37,591% |
| Non-recurring financial income76B | €10k | - | - | - | €3k | - |
| Financial charges65/66B | €2k | €2k | €706 | €147 | €2k | ▲ 1,304% |
| Recurring financial charges65 | €2k | €2k | €706 | €147 | €2k | ▲ 1,304% |
| Profit (loss) for the period before taxes9903 | €36k | €63k | €-4k | €38k | €31k | ▼ 20.2% |
| Income taxes67/77 | €5k | €8k | €15k | €7k | €14k | ▲ 119% |
| Profit (loss) for the period9904 | €31k | €55k | €-18k | €32k | €16k | ▼ 49.1% |
| Profit (loss) for the period to be appropriated9905 | €31k | €55k | €-18k | €32k | €16k | ▼ 49.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €227k | €235k | €339k | €422k | €400k | ▼ 5.1% |
| Fixed assets21/28 | €118k | €137k | €285k | €253k | €221k | ▼ 12.5% |
| Tangible fixed assets22/27 | €118k | €137k | €285k | €253k | €221k | ▼ 12.5% |
| Land and buildings22 | €86k | €110k | €265k | €240k | €216k | ▼ 10.2% |
| Furniture and vehicles24 | €32k | €27k | €20k | €12k | €5k | ▼ 58.0% |
| Current assets29/58 | €109k | €97k | €54k | €169k | €179k | ▲ 6.1% |
| Amounts receivable within one year40/41 | €68k | €90k | €54k | €127k | €155k | ▲ 21.5% |
| Trade receivables40 | €35k | €41k | €31k | €127k | €154k | ▲ 21.5% |
| Other amounts receivable41 | €32k | €49k | €22k | €250 | €250 | = |
| Cash at bank and in hand54/58 | €40k | €6k | €801 | €42k | €25k | ▼ 40.9% |
| Deferred charges and accrued income490/1 | €1k | €1k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €227k | €235k | €339k | €422k | €400k | ▼ 5.1% |
| Equity10/15 | €136k | €176k | €158k | €172k | €188k | ▲ 9.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €74k | €114k | €114k | €128k | €144k | ▲ 12.7% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €68k | €108k | €108k | €122k | €138k | ▲ 13.3% |
| Profit (loss) carried forward14 | - | - | €-18k | €-18k | €-18k | = |
| Amounts payable17/49 | €91k | €59k | €181k | €250k | €212k | ▼ 15.0% |
| Amounts payable after more than one year17 | €26k | €5k | - | - | - | - |
| Financial debts170/4 | €26k | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €64k | €53k | €181k | €229k | €197k | ▼ 14.2% |
| Current portion of amounts payable after more than one year42 | €20k | €21k | €5k | - | - | - |
| Financial debts43 | - | - | €752 | - | - | - |
| Credit institutions430/8 | - | - | €752 | - | - | - |
| Trade debts44 | €23k | €13k | €26k | €65k | €35k | ▼ 46.2% |
| Suppliers440/4 | €23k | €13k | €26k | €65k | €35k | ▼ 46.2% |
| Taxes, remuneration and social security45 | €6k | €4k | €2k | €8k | €18k | ▲ 114% |
| Taxes450/3 | €6k | €4k | €2k | €8k | €18k | ▲ 114% |
| Other amounts payable47/48 | €15k | €15k | €147k | €156k | €144k | ▼ 7.6% |
| Accrued charges and deferred income492/3 | €161 | €435 | €395 | €20k | €15k | ▼ 24.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €55k | €-18k | €32k | €16k | ▼ 49.1% |
| + Depreciation and write-downs630 | €10k | €16k | €21k | €32k | €32k | ▼ 1.4% |
| Operating cash flow (approximation) | €41k | €71k | €3k | €64k | €48k | ▼ 25.2% |
| Investment in fixed assets (approximation) | - | €-35k | €-168k | €0 | €0 | - |
| Change in cash | - | €-34k | €-5k | €41k | €-17k | ▼ 142% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €55k ▲76.2%
Operating result €63k, net result €55k, both a record.
30-09
Financial
Equity above €150kEq €176k ▲29.4%
5 profitable years in a row build equity to €176k.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €100kEq €114k ▲21.1%
2 profitable years in a row build equity to €114k.
Show earlier events
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Hasselt · 1 establishment unit since 1996
Ground area
2,020 m²
Building footprint
616 m²
Volume, LiDAR
2,287 m³
Parcel 71052D0153/00F000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LINK NV
since 19962.076.458.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71052D0153/00F000 | Flanders | 2,020 m² | 1 · 616 m² | 7.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,202 EUR awarded · 2,202 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,202 EUR | 2,202 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,335 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-03-1996
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.