Link
ActiveThe computed 12-month bankruptcy probability of Link is 1.8% (moderate). The 2025 annual accounts show equity of €83k and a net result of €8k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 18039 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-20
Solvency48▼-30
Growth67▲+11
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 2.03 in 2024; short-term debt: 18% and cash: 7.6% of total assets), but 77.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
22.7%
Return on assets
2.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
13 d late
2023
24 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€510k▲ 29.3%
2024 · €394k
2023: €362k
2024: €394k
2023 → 2025
EBIT margin
2.6%▼ 3.5pp
2024 · 6.1%
2023: 18.6%
2024: 6.1%
2023 → 2025
Net result
€8k▼ 54.4%
2024 · €17k
2023: €50k
2024: €17k
2023 → 2025
Working capital
€42k▼ 38.6%
2024 · €68k
2023: €54k
2024: €68k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€362k-€394k▲ 9.0%€510k▲ 29.3%
Equity€57k-€75k▲ 30.2%€83k▲ 10.6%
Operating result€67k-€24k▼ 64.6%€13k▼ 45.0%
Net result€50k-€17k▼ 65.2%€8k▼ 54.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364k
Fixed assets
€256k▲ 3,899%
Current assets
€107k▼ 20.4%
Equity and liabilities €364k
Equity
€83k▲ 10.6%
Debt
€281k▲ 322%
The debt ratio rises from 47.1% to 77.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▼
2024 · €24k
Cash flow
€11k▼
2024 · €18k
Solvency
22.7%▼
2024 · 52.9%
Current ratio
1.64▼
2024 · 2.03
Quick ratio
0.53▼
2024 · 1.31
Debt / equity
3.40▲
2024 · 0.89
ROE
9.6%▼
2024 · 23.2%
ROA
2.2%▼
2024 · 12.3%
Interest coverage
4.68▼
2024 · 83.46
Debt
€281k▲
2024 · €67k
Debt ≤ 1 year
€65k▼
2024 · €67k
Debt > 1 year
€211k
Income taxes
€3k▼
2024 · €6k
Staff costs
€20k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€141k€364k▲
Fixed assets21/28€6k€256k▲
Tangible fixed assets22/27€1k€251k▲
Land and buildings22-€250k
Plant, machinery and equipment23€320€61▼
Furniture and vehicles24€692€481▼
Financial fixed assets28€5k€5k=
Current assets29/58€135k€107k▼
Stocks and contracts in progress3€48k€73k▲
Stocks30/36€48k€73k▲
Amounts receivable within one year40/41€22k€7k▼
Trade receivables40€21k€7k▼
Other amounts receivable41€401-
Cash at bank and in hand54/58€66k€28k▼
Equity and liabilities
Total equity and liabilities10/49€141k€364k▲
Equity10/15€75k€83k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€67k€75k▲
Amounts payable17/49€67k€281k▲
Amounts payable after more than one year17-€211k
Financial debts170/4-€211k
Amounts payable within one year42/48€67k€65k▼
Current portion of amounts payable after more than one year42-€11k
Trade debts44€15k€18k▲
Suppliers440/4€15k€18k▲
Advances received on contracts in progress46€13k€14k▲
Taxes, remuneration and social security45€36k€23k▼
Taxes450/3€35k€23k▼
Remuneration and social security454/9€866€341▼
Other amounts payable47/48€3k-
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Turnover70€394k€510k▲
Goods, raw materials, services and sundry goods60/61€357k€459k▲
Remuneration, social security and pensions62€9k€20k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€470€3k▲
Other operating charges640/8€4k€15k▲
Gross operating margin9900€37k€51k▲
Operating profit (loss)9901€24k€13k▼
Financial income75/76B€192€1k▲
Recurring financial income75€192€1k▲
Financial charges65/66B€291€4k▲
Recurring financial charges65€291€4k▲
Profit (loss) for the period before taxes9903€24k€11k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€17k€8k▼
Profit (loss) for the period to be appropriated9905€17k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€75k▲
Profit (loss) brought forward from the previous period14P€50k€67k▲
The notes to these accounts (8 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €8k ▼54.4%
Net result drops to €8k, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Scherpenheuvel-Zichem · 1 establishment unit since 2022
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.
Steenweg Diest 773271 Scherpenheuvel-ZichemGround area
389 m²
Building footprint
80 m²
Volume, LiDAR
367 m³
Parcel 24129C0588/00Z000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Link
since 20222.339.051.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24129C0588/00Z000 | Flanders | 389 m² | 1 · 80 m² | 7.1 m · 1 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.
Similar companies · same sector, comparable size
De Vloomaker
BE 0770.763.582
Haacht · Eq €83k
HAASJEBIKER
BE 0600.869.666
Baarle-Hertog · Eq €83k
FIETSEN PELEMAN
BE 0538.925.664
Koksijde · Eq €82k
CABRON SPORTS
BE 0462.853.712
Namur · Eq €84k
Bella Bikes
BE 1018.843.557
Antwerpen · Eq €84k
Of 1,467 companies in sector 47632 we hold annual accounts for 732. 613 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2022
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
77210Renting and leasing of sports and recreation goods
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@otwo.be