Link
ActiveSummary
Link has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,661 and a net result of €7,920. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 41% of 22,650 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Staff
- 0.7 FTE
- Equity
- €82,661
- Profit
- €7,920
Why 65raises riskFounded in 2022Sector: Retail trade (NACE 47)Equity €82,661 (22.7% of total assets)lowers riskFigures for financial year 2025 (filed 30-07-2026)Show the evidence
Checked score
About 1 in 100 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 (NACE 47, micro): better than 38% on solvency, 60% on liquidity, 37% on profitability and 72% on growth.
The bankruptcy probability was computed on 29-10-2026 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 3 accounts on average 12 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet €7,920 ▼54.4%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.8% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 2,542 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €361,609 | €394,113 | €509,636 | ▲ 29.3% |
| Goods, raw materials, services and sundry goods60/61 | €291,082 | €357,236 | €458,792 | ▲ 28.4% |
| Remuneration, social security and pensions62 | - | €8,760 | €19,824 | ▲ 126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €350 | €470 | €3,304 | ▲ 603% |
| Other operating charges640/8 | €2,865 | €3,851 | €14,760 | ▲ 283% |
| Gross operating margin9900 | €70,527 | €36,935 | €51,005 | ▲ 38.1% |
| Operating profit (loss)9901 | €67,312 | €23,854 | €13,116 | ▼ 45.0% |
| Financial income75/76B | €162 | €192 | €1,304 | ▲ 580% |
| Recurring financial income75 | €162 | €192 | €1,304 | ▲ 580% |
| Financial charges65/66B | €120 | €291 | €3,512 | ▲ 12× |
| Recurring financial charges65 | €120 | €291 | €3,512 | ▲ 12× |
| Profit (loss) for the period before taxes9903 | €67,354 | €23,755 | €10,908 | ▼ 54.1% |
| Income taxes67/77 | €17,470 | €6,396 | €2,988 | ▼ 53.3% |
| Profit (loss) for the period9904 | €49,884 | €17,358 | €7,920 | ▼ 54.4% |
| Profit (loss) for the period to be appropriated9905 | €49,884 | €17,358 | €7,920 | ▼ 54.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €89,117 | €141,328 | €363,866 | ▲ 157% |
| Fixed assets21/28 | €3,582 | €6,412 | €256,427 | ▲ 40× |
| Tangible fixed assets22/27 | €1,482 | €1,012 | €251,027 | ▲ 248× |
| Land and buildings22 | - | - | €250,485 | - |
| Plant, machinery and equipment23 | €579 | €320 | €61 | ▼ 81.0% |
| Furniture and vehicles24 | €903 | €692 | €481 | ▼ 30.5% |
| Financial fixed assets28 | €2,100 | €5,400 | €5,400 | = |
| Current assets29/58 | €85,535 | €134,916 | €107,439 | ▼ 20.4% |
| Stocks and contracts in progress3 | €38,386 | €47,898 | €72,789 | ▲ 52.0% |
| Stocks30/36 | €38,386 | €47,898 | €72,789 | ▲ 52.0% |
| Amounts receivable within one year40/41 | €7,356 | €21,509 | €6,952 | ▼ 67.7% |
| Trade receivables40 | €6,936 | €21,108 | €6,952 | ▼ 67.1% |
| Other amounts receivable41 | €420 | €401 | - | - |
| Cash at bank and in hand54/58 | €39,793 | €65,509 | €27,697 | ▼ 57.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €89,117 | €141,328 | €363,866 | ▲ 157% |
| Equity10/15 | €57,384 | €74,742 | €82,661 | ▲ 10.6% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | €49,884 | €67,242 | €75,161 | ▲ 11.8% |
| Amounts payable17/49 | €31,734 | €66,587 | €281,204 | ▲ 322% |
| Amounts payable after more than one year17 | - | - | €210,824 | - |
| Financial debts170/4 | - | - | €210,824 | - |
| Amounts payable within one year42/48 | €31,734 | €66,587 | €65,473 | ▼ 1.7% |
| Current portion of amounts payable after more than one year42 | - | - | €10,695 | - |
| Trade debts44 | €6,391 | €14,678 | €18,153 | ▲ 23.7% |
| Suppliers440/4 | €6,391 | €14,678 | €18,153 | ▲ 23.7% |
| Advances received on contracts in progress46 | €700 | €12,700 | €13,700 | ▲ 7.9% |
| Taxes, remuneration and social security45 | €23,572 | €36,357 | €22,925 | ▼ 36.9% |
| Taxes450/3 | €23,572 | €35,491 | €22,584 | ▼ 36.4% |
| Remuneration and social security454/9 | - | €866 | €341 | ▼ 60.7% |
| Other amounts payable47/48 | €1,071 | €2,852 | - | - |
| Accrued charges and deferred income492/3 | - | - | €4,907 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,884 | €17,358 | €7,920 | ▼ 54.4% |
| + Depreciation and write-downs630 | €350 | €470 | €3,304 | ▲ 603% |
| Operating cash flow (approximation) | €50,233 | €17,828 | €11,224 | ▼ 37.0% |
| Investment in fixed assets (approximation) | - | -€3,300 | -€253,319 | ▼ 7,576% |
| Change in cash | - | €25,716 | -€37,812 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00353026 |
| 31-12-2024 | micro format | 13-08-2025 | 2025-00373662 |
| 31-12-2023 | micro format | 24-08-2024 | 2024-00365769 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| SEMPELS Gaël |
|
Owners and capital
Capital and shareholders
- SEMPELS Gaël 100 shares (100%) · €7,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 08-12-2022 Incorporation · €7,500 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-12
Gazette deed
IncorporationAppointment: SEMPELS Gaël (director) · Founder · Founding capital9 facts ▸
- Incorporation, 30-11-2022
- Founder, SEMPELS Gaël (shareholder)
- Founding capital, “euro 7.500” (deed in Dutch)
- Bank account, 7500, “vennootschap in oprichting” (deed in Dutch)
- Capital, “euro 7.500” (deed in Dutch)
- Registered office clause, “3271 Scherpenheuvel-Zichem,Steenweg Diest 77” (deed in Dutch)
- Board rule, 1
- Director appointment, SEMPELS Gaël (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24129C0588/00Z000 | Flanders | 389 m² | 1 · 80 m² | 7.1 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Groothandel in fietsen, fietsaccessoires, fiets -en vrijetijdskleding, fietstoebehoren, gereedschappen, etc; Detailhandel in fietsen…” (deed in Dutch)
9 activities (deed in Dutch)
- Groothandel in fietsen, fietsaccessoires, fiets -en vrijetijdskleding, fietstoebehoren, gereedschappen, etc..
- Detailhandel in fietsen, fietsaccessoires, fiets -en vrijetijdskleding, fietstoebehoren, gereedschappen, etc..
- Verhuur en leasing van fietsen
- Onderhoud en herstellingen van fietsen
- Organisatie van workshops, lezingen, cursussen.
- Organisatie van fietsvakanties en events rond fietsen
- Organisatie van events allerhande
- Consultancy
- Overige zakelijke dienstverlening
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Link
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, aantal,duur opdracht en bij meerdere bestuurders bevoegdheid” (deed in Dutch)“Handelingen wet of statuten aan algemene vergadering voorbehouden, geheel bevoegdheden met mogelijkheid deel te delegeren” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor