LINK DECOR

Active

Private limited company (pre-2019)founded 20169 yrs activeGroot-Bijgaardenstraat 14, 1082 Sint-Agatha-Berchem, BelgiumKBO/BCE: BE 0666.853.323

The computed 12-month bankruptcy probability of LINK DECOR is 2.7% (moderate). The 2024 annual accounts show equity of €31k and a net result of €-1k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 49% of 36375 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability17▲+1

Solvency71▼-25

Growth35▼-4

Track record100

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity ample (current ratio 1.7 against 3.28 in 2023; short-term debt: 54.3% and cash: 7.1% of total assets), but 54.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

45.7%

Return on assets

-1.8%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-12-2025, 124 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

124 d late

2023

126 d late

2022

69 d late

2021

45 d late

2020

89 d late

2019

202 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€127k▼ 31.9%

2023 · €186k

2018: €263k 2019: €517k 2020: €273k 2023: €186k

2018 → 2024

EBIT margin

-2.0%▼ 1.1pp

2023 · -0.9%

2018: 8.0% 2019: 1.2% 2020: -4.5% 2023: -0.9%

2018 → 2024

Net result

€-1k▲ 0.8%

2023 · €-1k

2018: €17k 2019: €5k 2020: €-10k 2021: €8k 2022: €145 2023: €-1k

2018 → 2024

Working capital

€26k▼ 12.5%

2023 · €29k

2018: €29k 2019: €34k 2020: €24k 2021: €33k 2022: €30k 2023: €29k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€273k-€186k€127k▼ 31.9%

Equity€25k-€33k▲ 33.7%€33k▲ 0.4%€32k▼ 3.6%€31k▼ 3.7%

Operating result€-12k-€9k€-460€-2k▼ 250%€-3k▼ 56.8%

Net result€-10k-€8k€145▼ 98.3%€-1k€-1k▲ 0.8%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3k in 2024 against €2k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €67k

92.3%

Fixed assets €5k▲ 90.3%

Current assets €62k▲ 47.5%

Equity and liabilities €67k

45.7%

54.3%

Equity €31k▼ 3.7%

Debt €37k▲ 184%

The debt ratio rises from 28.7% to 54.3%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-914▼

2023 · €-814

Cash flow

€410▲

2023 · €-412

Solvency

45.7%▼

2023 · 71.3%

Current ratio

1.70▼

2023 · 3.28

Quick ratio

1.34▼

2023 · 3.28

Debt / equity

1.19▲

2023 · 0.40

ROE

-3.9%▼

2023 · -3.8%

ROA

-1.8%▲

2023 · -2.7%

Interest coverage

-4.62▲

2023 · -5.39

Debt

€37k▲

2023 · €13k

Debt ≤ 1 year

€37k▲

2023 · €13k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€45k€67k▲

Fixed assets21/28€3k€5k▲

Tangible fixed assets22/27€3k€5k▲

Plant, machinery and equipment23-€3k

Furniture and vehicles24€3k€2k▼

Current assets29/58€42k€62k▲

Stocks and contracts in progress3-€13k

Stocks30/36-€13k

Amounts receivable within one year40/41€39k€43k▲

Trade receivables40€15k€17k▲

Other amounts receivable41€24k€26k▲

Cash at bank and in hand54/58€2k€5k▲

Deferred charges and accrued income490/1€1k€1k▼

Equity and liabilities

Total equity and liabilities10/49€45k€67k▲

Equity10/15€32k€31k▼

Contributions10/11€6k€6k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€24k€23k▼

Amounts payable17/49€13k€37k▲

Amounts payable within one year42/48€13k€37k▲

Trade debts44-€19k

Suppliers440/4-€19k

Taxes, remuneration and social security45-€4k

Taxes450/3-€4k

Other amounts payable47/48€13k€14k▲

Income statement Code20232024

Turnover70€186k€127k▼

Goods, raw materials, services and sundry goods60/61€187k€127k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€792€2k▲

Other operating charges640/8€558€686▲

Non-recurring operating charges66A€150€350▲

Gross operating margin9900€-106€122▲

Operating profit (loss)9901€-2k€-3k▼

Financial income75/76B€553€2k▲

Recurring financial income75€553€2k▲

Financial charges65/66B€151€198▲

Recurring financial charges65€151€198▲

Profit (loss) for the period before taxes9903€-1k€-1k▲

Profit (loss) for the period9904€-1k€-1k▲

Profit (loss) for the period to be appropriated9905€-1k€-1k▲

Appropriation of the result

Profit (loss) to be appropriated9906€24k€23k▼

Profit (loss) brought forward from the previous period14P€25k€24k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 2Filings 8

2025

02-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 124 days late

2024

04-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 126 days late

2023

08-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 69 days late

2022

14-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 45 days late

2021

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

28-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 89 days late

08-03

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 586 days late

18-02

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 202 days late

2020

31-12

Financial Weakest financial yearnet €-10k ▼326%

Net result drops to €-10k, the lowest in the series; recovery starts the following year.

2018

05-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 66 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Sint-Agatha-Berchem · 1 establishment unit since 2016

establishment The establishment unit on the map

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.

Groot-Bijgaardenstraat 141082 Sint-Agatha-Berchem

Ground area

425 m²

Building footprint

415 m²

Volume, LiDAR

4,046 m³

2 parcels, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

LINK DECOR

Alex. Pierrardstraat 40, 1070 AnderlechtPlastering work

since 20162.263.233.791

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21342B0043/00F003	Brussels	290 m²	1 · 293 m²	10.6 m · 2 fl.
21308H0684/00B002	Brussels	135 m²	1 · 122 m²	18.4 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

Of 15,541 companies in sector 43990 we hold annual accounts for 7,422. 5,704 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded01-12-2016

Fiscal year end31-12

Activities, NACEBEL

43990Other specialised construction activities

43999Specialised construction activities

43240Other construction installation

43299Specialised construction activities

43310Plastering work

43331Floor and wall tiling

43422Screed work

43910Bricklaying and masonry work

43994Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 8 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.