LINK & VALUE
ActiveSummary
LINK & VALUE has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,323) and a net result of €4,931. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 4,314 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- -€1,323
- Profit
- €4,931
Why 56raises riskCapped at 59: negative equityLast filed accounts filed 40 days late; 3 of the last 3 lateNegative equity -€1,323lowers riskSize: total assets €8,693Founded in 2010Show the evidence
Checked score
About 3 in 1,000 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 74, micro): better than 12% on solvency, 36% on liquidity, 88% on profitability and 86% on growth.
The bankruptcy probability was computed on 25-10-2026 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 7 accounts on average 59 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €4,931 ▲313%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (40 days) Filed on 9 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512751.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is over 3.9 times 2024 and is the highest 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: 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 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.8% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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 3,632 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €92,790 | €18,750 | - | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €601 | €11,303 | €13,901 | €13,974 | €7,938 | ▼ 43.2% |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €148 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,438 | €2,412 | €2,027 | €1,044 | €0 | €341 | €372 | €372 | = |
| Gross operating margin9900 | -€7,256 | -€5,133 | -€2,416 | -€601 | €1,332 | -€6,770 | €1,660 | €5,591 | ▲ 237% |
| Operating profit (loss)9901 | -€15,088 | -€7,546 | -€4,443 | -€1,644 | €1,332 | -€7,111 | €1,288 | €5,071 | ▲ 294% |
| Recurring financial income75 | €2 | €0 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €116 | €301 | €160 | €94 | €140 | ▲ 49.1% |
| Recurring financial charges65 | €134 | €60 | €123 | €116 | €301 | €160 | €94 | €140 | ▲ 49.1% |
| Profit (loss) for the period before taxes9903 | -€15,220 | -€7,606 | -€4,566 | -€1,761 | €1,031 | -€7,271 | €1,194 | €4,931 | ▲ 313% |
| Income taxes67/77 | €591 | €2,200 | - | -€2,200 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€15,811 | -€9,806 | -€4,566 | €439 | €1,031 | -€7,271 | €1,194 | €4,931 | ▲ 313% |
| Profit (loss) for the period to be appropriated9905 | -€15,811 | -€9,806 | -€4,566 | €439 | €1,031 | -€7,271 | €1,194 | €4,931 | ▲ 313% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €19,487 | €5,947 | €2,889 | €590 | €2,088 | €13,996 | €10,025 | €8,693 | ▼ 13.3% |
| Fixed assets21/28 | €5,483 | €3,071 | €1,044 | €0 | - | €3,378 | €3,006 | €2,634 | ▼ 12.4% |
| Tangible fixed assets22/27 | €5,483 | €3,071 | €1,044 | €0 | - | €3,378 | €3,006 | €2,634 | ▼ 12.4% |
| Furniture and vehicles24 | - | - | - | €0 | - | €3,378 | €3,006 | €2,634 | ▼ 12.4% |
| Current assets29/58 | €14,005 | €2,876 | €1,845 | €590 | €2,088 | €10,618 | €7,019 | €6,059 | ▼ 13.7% |
| Amounts receivable within one year40/41 | €10,721 | €2,872 | €435 | €435 | €872 | €8,108 | €1,666 | €1,211 | ▼ 27.3% |
| Trade receivables40 | - | - | - | - | €847 | €6,228 | €1,641 | €1,186 | ▼ 27.7% |
| Other amounts receivable41 | - | - | - | €435 | €25 | €1,880 | €25 | €25 | = |
| Cash at bank and in hand54/58 | €3,284 | €4 | €1,411 | €156 | €1,216 | €2,510 | €5,353 | €4,848 | ▼ 9.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €19,487 | €5,947 | €2,889 | €590 | €2,088 | €13,996 | €10,025 | €8,693 | ▼ 13.3% |
| Equity10/15 | €8,623 | -€1,183 | -€5,748 | -€5,309 | -€4,278 | -€7,449 | -€6,255 | -€1,323 | ▲ 78.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €10,300 | €10,300 | €10,300 | = |
| Capital10 | - | - | - | €6,200 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,700 | - | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,500 | - | - | - | - | - |
| Reserves13 | €545 | €545 | €545 | €545 | €545 | €545 | €545 | €545 | = |
| Non-distributable reserves130/1 | - | - | - | €210 | €210 | €210 | - | - | - |
| Legal reserve130 | - | - | - | €210 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €210 | €210 | - | - | - |
| Distributable reserves133 | - | - | - | €335 | €335 | €335 | €545 | €545 | = |
| Profit (loss) carried forward14 | €1,879 | -€7,927 | -€12,493 | -€12,054 | -€11,023 | -€18,293 | -€17,099 | -€12,168 | ▲ 28.8% |
| Amounts payable17/49 | €10,864 | €7,129 | €8,637 | €5,899 | €6,366 | €21,444 | €16,280 | €10,017 | ▼ 38.5% |
| Amounts payable within one year42/48 | €10,864 | €7,129 | €8,637 | €5,899 | €6,366 | €21,444 | €16,280 | €10,017 | ▼ 38.5% |
| Trade debts44 | €4,618 | €635 | €2,435 | €1,137 | €3,154 | €7,138 | €656 | €2,726 | ▲ 315% |
| Suppliers440/4 | - | - | - | €1,137 | €3,154 | €7,138 | €656 | €2,726 | ▲ 315% |
| Taxes, remuneration and social security45 | - | - | - | - | €502 | - | €144 | €53 | ▼ 63.3% |
| Taxes450/3 | - | - | - | - | €502 | - | €144 | €53 | ▼ 63.3% |
| Other amounts payable47/48 | - | - | - | €4,762 | €2,709 | €14,306 | €15,479 | €7,238 | ▼ 53.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,811 | -€9,806 | -€4,566 | €439 | €1,031 | -€7,271 | €1,194 | €4,931 | ▲ 313% |
| + Depreciation and write-downs630 | €2,438 | €2,412 | €2,027 | €1,044 | €0 | €341 | €372 | €372 | = |
| Operating cash flow (approximation) | -€13,373 | -€7,394 | -€2,539 | €1,483 | €1,031 | -€6,930 | €1,566 | €5,303 | ▲ 239% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | €0 | €0 | - |
| Change in cash | - | -€3,280 | €1,407 | -€1,255 | €1,060 | €1,294 | €2,843 | -€505 | - |
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 (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-09-2026 | 2026-00512751 |
| 31-12-2024 | micro format | 24-09-2025 | 2025-00503494 |
| 31-12-2023 | micro format | 06-10-2024 | 2024-00502025 |
| 31-12-2022 | micro format | 14-09-2023 | 2023-00449859 |
| 31-12-2021 | micro format | 25-09-2022 | 2022-20434882 |
| 31-12-2020 | micro format | 27-10-2021 | 2021-73900295 |
| 31-12-2019 | micro format | 01-10-2020 | 2020-58600173 |
| 31-12-2018 | micro format | 29-07-2019 | 2019-41300496 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ALIE Béatrice |
|
Owners and capital
Capital and shareholders
- 12-01-2024 Converted to unavailable equity
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
12-01
Gazette deed
Reappointment: ALIE Béatrice (director)Amendment of the articles · Capital conversion · Reserve release10 facts ▸
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer le compte statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Net-asset statement, “dispense de libération et réduction ou suppression de l’indisponibilité”, EUR (deed in French)
- Other provision, “rapport de l’organe d’administration, pouvoir continuer à s’acquitter de ses dettes au fur et à mesure de leur échéance pendant au moins douze mois” (deed in French)
- Other provision, “dispense de libération et réduction ou suppression de l’indisponibilité des capitaux, connaissance des conséquences fiscales” (deed in French)
- Capital
- Director reappointment, ALIE Béatrice (director (not named in the articles))
- Director discharge, ALIE Béatrice
- Registered office clause, “7500 TOURNAI,rue Childéric,numéro 9 B, assemblée générale déclare” (deed in French)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57462D0464/00M000 | Wallonia | 443 m² | 1 · 202 m² | 17.5 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toute opération immobilière généralement quelconque,dans le sens le plus large du terme,et notamment l'achat,la vente,l'échange,le…” (deed in French)
19 activities (deed in French)
- Toute opération immobilière généralement quelconque,dans le sens le plus large du terme,et notamment l'achat,la vente,l'échange,le lotissement,la construction,l'aménagement,la promotion,la transformation,la division horizontale et verticale,la mise sous le régime de la copropriété,la viabilisation,l'exploitation et la mise en valeur ainsi que la prise ou la concession en location,la sous-location,le leasing,la cession de bail vis-à-vis de tous biens immeubles et/ou droits réels immobiliers
- La prise de participation,sous quelque forme que ce soit,dans toutes sociétés belges ou étrangères,l'acquisition par voie d'achat,de souscription,d'échange ou de toute autre manière,ainsi que l'aliénation par vente,échange,ou de toute autre manière,d'actions,d'obligations,de bons et de valeurs mobilières de toutes espèces
- La gestion,au sens le plus large du terme,l'amélioration et la mise en valeur du portefeuille et du patrimoine mobilier et immobilier qui lui sera apporté par ses associés,ou qu'elle acquerra autrement
- Toute activité de conseil ou d'étude,à l'exception de celles exclues par la loi à défaut d'agrément spécifique
- La consultance et le service dans les domaines économique,administratif et financier
- L'activité d'intermédiaire,sous quelque qualification que ce soit,en matière commerciale ou immobilière
- Toute activité de gestion,d'administration,de direction et d'organisation de sociétés
- La souscription ou l'octroi de tout prêt et emprunt,hypothécaires ou non
- La commercialisation de tout produit fini ou non,en gros ou au détail
- Toute activité de photographie
- L'organisation et l'encadrement d'activités et d'événements sportifs
- Participer à la création et au développement d'entreprises industrielles,commerciales,financières ou immobilières et leur apporter tout concours sous la forme jugée la plus appropriée,et notamment par le biais de prêts,de financements,de garanties,etc.
- Sous réserve des dispositions légales et réglementaires relatives à l'épargne publique,recevoir,emprunter,accorder des emprunts,garantir des engagements de tiers,notamment et non exclusivement de ses filiales
- Réaliser le financement,sous toutes formes et notamment de fonds d'investissement de tiers-investisseurs,de toutes entreprises ou opérations de tiers au moyen de prêts et de crédits,de caution,d'aval,ou de garantie généralement quelconque,même hypothécaire et en général de toutes opérations financières au sens large,sauf si elles sont réservées par la loi aux banques,sociétés de bourse ou aux organismes de crédits
- Se porter caution,constituer des garanties personnelles et réelles au profit de tiers,personnes physiques ou morales,notamment et non exclusivement de ses filiales
- Consentir au profit de ces sociétés ou de tout tiers envers lesquels elle contracterait des engagements,toutes dations en gage hypothécaires ou autres et toutes garanties plus généralement quelconques
- Effectuer toute prestation de service dans le domaine du marketing,du management et de la gestion commerciale,concéder ou recevoir tout mandat de gestion et de management d'autres sociétés ou associations
- Accomplir toute opération industrielle,financière,commerciale ou civile ayant un rapport direct ou indirect avec son objet et s'intéresser de toute manière dans toute société,entreprise ou association,existantes ou à créer,ayant un objet similaire ou connexe au sien,ou de nature à favoriser la réalisation de son objet
- Exercer les fonctions d'administrateur ou de liquidateur d'autres sociétés et,plus généralement,assurer la gestion d'autres sociétés et entreprises
- 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 & VALUE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pas de changement de régime linguistique” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)“Frais généraux plus représentation,voyages et déplacements, assemblée générale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of March at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, administrateurs en fonction désignés comme liquidateurs en vertu statuts si…” (deed in French)