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LINK2EUROPE

Active
Public limited companyfounded 200719 yrs activeRijksweg(BOR) 10 A, 2880 Bornem, BelgiumKBO/BCE: BE 0889.969.357
Summary

The computed 12-month bankruptcy probability of LINK2EUROPE is 3.2% (moderate). The 2025 annual accounts show negative equity (-€913,878) and a net result of -€504,916. Equity is shrinking by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 282 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
LINK2EUROPEActiveChecked score 47/100
Risk analysis ReportCompare

Overview

Activity
Employment placement agencies
NACE 78100NACE 74501NACE 74502
#10 company by total assets in Bornem, Administrative and support services sector1 site
Size
€5.2mturnover 2025
Staff
67.4 FTE
Equity
-€913,878
Loss
-€504,916
Financial health
47 Fair Checked score 2025
Bankruptcy chance 12 m
3.2%
Structure
Parent
L.I.N.K. · 100%
Accounts 15 d early1 of 19 deeds read
Why 47- Negative equity -€913,878- Loss of €504,916, the second in a row (FY 2025)- Size: turnover €5.2m, 67.4 FTE, total assets €1.7m+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 4% of its sector peers (NACE 78, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 0-3
equity -53.5% of total assets
Liquidity 7-14
short-term debt 153.5% · cash 5.6%
Profitability 0-2
return on assets -29.6%
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (119 companies)
Last 24 months 11-2024: 0.9%lowest value 12-2024: 1.4%▲ +51.0% vs 11-2024 01-2025: 1.4%● 0.0% vs 12-2024 02-2025: 1.4%● 0.0% vs 01-2025 03-2025: 1.4%● 0.0% vs 02-2025 04-2025: 1.4%● 0.0% vs 03-2025 05-2025: 1.4%▲ +1.4% vs 04-2025 06-2025: 1.4%● 0.0% vs 05-2025 07-2025: 1.4%● 0.0% vs 06-2025 08-2025: 1.4%▼ -1.3% vs 07-2025 09-2025: 1.4%▲ +2.4% vs 08-2025 10-2025: 1.6%▲ +12.8% vs 09-2025 11-2025: 2.4%▲ +49.5% vs 10-2025 12-2025: 2.4%● 0.0% vs 11-2025 01-2026: 2.4%● 0.0% vs 12-2025 02-2026: 2.4%● 0.0% vs 01-2026 03-2026: 2.4%● 0.0% vs 02-2026 04-2026: 2.4%● 0.0% vs 03-2026 05-2026: 2.4%▲ +0.8% vs 04-2026 06-2026: 2.4%● 0.0% vs 05-2026 07-2026: 2.4%● 0.0% vs 06-2026 08-2026: 3.2%▲ +30.9% vs 07-2026 09-2026: 3.2%● 0.0% vs 08-2026 10-2026: 3.2%▲ +0.8% vs 09-2026highest value
  • Negative equity -€913,878 raises the probability
  • Loss of €504,916, the second in a row (FY 2025) raises the probability
  • Size: turnover €5.2m, 67.4 FTE, total assets €1.7m raises the probability for this profile
  • Legal form Public limited company lowers the probability
No credit on open account
Liquidity short (current ratio 0.61; short-term debt: 153.5% and cash: 5.6% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 78, medium-sized). Better than this share of them on solvency 3%, liquidity 5%, profitability 3%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€913,878
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €504,916, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: turnover €5.2m, 67.4 FTE, total assets €1.7m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
20212223242525
2020 to 2025 · latest year -€913,878
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 d early
2025
on the day
2024
8 d late
2023
28 d early
2022
4 d early
2021
2 d early
2020
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.

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
  1. Resignation: Igor Van Assche (director)Permanent representative: Wim Heylen
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€913,878 View
  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€504,916 View
  • Caution: Among the weakest 5% on solvencysector median 33.5% · 282 companies -53.5% View
  • Controlled by L.I.N.K. 100% View
  • A director leftlatest change 30-06-2026 · 0 in office 1 left View

By topic

Financials

Fiscal year
2025
Turnover
€5.2m
Loss
-€504,916
Solvency
-53.5%
Turnover▼ 43.0%
Net result
20202025
Go to Financials

Timeline

Events
13
Since
2017
  1. 28-07-2026Resignation: Igor Van Assche (director)
  2. 16-07-2026Annual accounts filed
  3. 31-10-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Employment placement agenciesNACE 78100
Founded
07-06-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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