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LINK 5

Active
Private limited companyfounded 20251 yr activeWaterloose Steenweg 416-418, 1050 Elsene, BelgiumKBO/BCE: BE 1018.227.311
Summary

The computed 12-month bankruptcy probability of LINK 5 is 6.7% (elevated). The 2025 annual accounts show negative equity (-€7,357) and a net result of -€10,357. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
6.7% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55; short-term debt: 181.5% and cash: 0.4% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-81.5%
Return on assets
-114.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 1 filing
Deviation from the deadline
2025
25 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 January 2025, LINK 5 was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€7,357
Total assets
€9,025
Net result
-€10,357
Working capital
-€7,357

Turnover and EBIT margin not published: the micro schema does not require them.

Key figures and ratios
2025 value
Solvency
-81.5%
Current ratio
0.55
Debt to equity
-2.23
ROA
-114.8%
Debt
€16,382
Debt ≤ 1 year
€16,382
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 23 lines
Balance sheet Code2025
Assets
Total assets20/58€9,025
Current assets29/58€9,025
Amounts receivable within one year40/41€8,991
Other amounts receivable41€8,991
Cash at bank and in hand54/58€34
Equity and liabilities
Total equity and liabilities10/49€9,025
Equity10/15-€7,357
Contributions10/11€3,000
Profit (loss) carried forward14-€10,357
Amounts payable17/49€16,382
Amounts payable within one year42/48€16,382
Trade debts44€419
Suppliers440/4€419
Other amounts payable47/48€15,963
Income statement Code2025
Other operating charges640/8€400
Gross operating margin9900-€9,411
Operating profit (loss)9901-€9,811
Financial charges65/66B€546
Recurring financial charges65€546
Profit (loss) for the period before taxes9903-€10,357
Profit (loss) for the period9904-€10,357
Profit (loss) for the period to be appropriated9905-€10,357
Appropriation of the result
Profit (loss) to be appropriated9906-€10,357

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€400
Gross operating margin9900-€9,411
Operating profit (loss)9901-€9,811
Financial charges65/66B€546
Recurring financial charges65€546
Profit (loss) for the period before taxes9903-€10,357
Profit (loss) for the period9904-€10,357
Profit (loss) for the period to be appropriated9905-€10,357
Line2025
Assets
Total assets20/58€9,025
Current assets29/58€9,025
Amounts receivable within one year40/41€8,991
Other amounts receivable41€8,991
Cash at bank and in hand54/58€34
Equity and liabilities
Total equity and liabilities10/49€9,025
Equity10/15-€7,357
Contributions10/11€3,000
Profit (loss) carried forward14-€10,357
Amounts payable17/49€16,382
Amounts payable within one year42/48€16,382
Trade debts44€419
Suppliers440/4€419
Other amounts payable47/48€15,963
Line2025
Profit (loss) for the period9904-€10,357
Operating cash flow (approximation)-€10,357

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
25-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Elsene
exact location from the address register On OpenStreetMap
Ground area
178 m²
Building footprint
171 m²
Volume, LiDAR
2,780 m³
Parcel 21447B0298/00Y010, Brussels · tallest building 22.1 m, ±6 floors. Linked by address, not a title deed.
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0298/00Y010 Brussels 178 m² 1 · 171 m² 22.1 m · 6 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded05-01-2025
Fiscal year end31-12

Scores and ratios are computed by Checked and are not a credit decision.