LINK2EUROPE
ActiveSummary
LINK2EUROPE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-914k) and a net result of €-505k. Equity is shrinking by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 6% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability0▼-2
Solvency0▼-3
Growth22▼-8
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-53.5%
Return on assets
-29.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
20212223242525
2020 to 2025 · latest year €-914k
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 filingsDeviation 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 →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€5.19M▼ 43.0%
2025 · €9.09M
2020: €10.30M
2021: €9.15M
2022: €9.66M
2023: €14.99M
2024: €13.18M
2025: €9.09M
2020 → 2025
EBIT margin
-7.9%▼ 3.6pp
2025 · -4.3%
2020: 3.4%
2021: -3.6%
2022: 4.9%
2023: 1.4%
2024: -1.8%
2025: -4.3%
2020 → 2025
Net result
€-505k▲ 3.5%
2025 · €-523k
2020: €182k
2021: €-400k
2022: €306k
2023: €-24k
2024: €-396k
2025: €-523k
2020 → 2025
Working capital
€-1.02M▼ 82.4%
2025 · €-560k
2020: €983k
2021: €983k
2022: €765k
2023: €519k
2024: €3k
2025: €-560k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252025Trend
Turnover€9.66M-€14.99M▲ 55.2%€13.18M▼ 12.1%€9.09M▼ 31.0%€5.19M▼ 43.0%
Equity€534k-€510k▼ 4.5%€114k▼ 77.6%€-409k€-914k▼ 123%
Operating result€475k-€215k▼ 54.8%€-233k€-391k▼ 67.9%€-411k▼ 5.2%
Net result€306k-€-24k€-396k▼ 1,542%€-523k▼ 32.1%€-505k▲ 3.5%
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €1.71M
Fixed assets
€109k ▼ 29.3%
Current assets
€1.60M ▼ 8.3%
Key figures and ratios
EBITDA
€-371k▼
2025 · €-337k
Cash flow
€-464k▲
2025 · €-469k
Solvency
-53.5%▼
2025 · -21.6%
Current ratio
0.61▼
2025 · 0.76
Debt to equity
-2.87▲
2025 · -5.64
ROA
-29.6%▼
2025 · -27.6%
Interest coverage
-7.50▼
2025 · -6.64
Debt
€2.62M▲
2025 · €2.30M
Debt ≤ 1 year
€2.62M▲
2025 · €2.30M
Income taxes
€2k▼
2025 · €3k
Staff costs
€4.35M▼
2025 · €7.45M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2025 · 66 lines
Balance sheet
Code20252025
Assets
Total assets20/58€1.90M€1.71M▼
Fixed assets21/28€154k€109k▼
Intangible fixed assets21€73k€35k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Financial fixed assets28€75k€70k▼
Other financial fixed assets284/8€75k€70k▼
Amounts receivable and cash guarantees285/8€75k€70k▼
Current assets29/58€1.74M€1.60M▼
Amounts receivable after more than one year29€900k€900k=
Other amounts receivable291€900k€900k=
Amounts receivable within one year40/41€421k€482k▲
Trade receivables40€394k€454k▲
Other amounts receivable41€27k€27k▲
Cash at bank and in hand54/58€312k€96k▼
Deferred charges and accrued income490/1€109k€120k▲
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.71M▼
Equity10/15€-409k€-914k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€476k€476k=
Non-distributable reserves130/1€476k€476k=
Legal reserve130€6k€6k=
Financial assistance1313€470k€470k=
Profit (loss) carried forward14€-947k€-1.45M▼
Amounts payable17/49€2.30M€2.62M▲
Amounts payable within one year42/48€2.30M€2.62M▲
Current portion of amounts payable after more than one year42€81k-
Financial debts43€616k€718k▲
Credit institutions430/8€616k€718k▲
Trade debts44€141k€210k▲
Suppliers440/4€141k€210k▲
Taxes, remuneration and social security45€1.44M€1.18M▼
Taxes450/3€156k€293k▲
Remuneration and social security454/9€1.29M€884k▼
Other amounts payable47/48€20k€515k▲
Accrued charges and deferred income492/3€3k€571▼
Income statement
Code20252025
Operating income70/76A€9.64M€5.48M▼
Turnover70€9.09M€5.19M▼
Other operating income74€539k€290k▼
Non-recurring operating income76A€8k-
Operating charges60/66A€10.03M€5.89M▼
Services and other goods61€2.49M€1.48M▼
Remuneration, social security and pensions62€7.45M€4.35M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€41k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-19k-
Other operating charges640/8€59k€19k▼
Operating profit (loss)9901€-391k€-411k▼
Financial income75/76B€24k€17k▼
Recurring financial income75€24k€17k▼
Income from current assets751€23k€17k▼
Other financial income752/9€602€53▼
Financial charges65/66B€153k€110k▼
Recurring financial charges65€153k€110k▼
Debt charges650€51k€49k▼
Other financial charges652/9€103k€60k▼
Profit (loss) for the period before taxes9903€-520k€-503k▲
Income taxes67/77€3k€2k▼
Taxes670/3€3k€2k▼
Tax adjustments and reversals of tax provisions77€41€168▲
Profit (loss) for the period9904€-523k€-505k▲
Profit (loss) for the period to be appropriated9905€-523k€-505k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-947k€-1.45M▼
Profit (loss) brought forward from the previous period14P€-424k€-947k▼
Social balance
Average headcount (FTE)9087121.467.4▼
The notes to these accounts (47 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-07
State Gazette act
Resignation: Igor Van Assche (director)Permanent representative: Wim Heylen · Director discharge6 facts ▸
State Gazette act
Resignation: Igor Van Assche (director)
Permanent representative: Wim Heylen · Director discharge6 facts ▸
- General meeting, 30/06/2026
- Board meeting, 30/06/2026
- Director resignation, Igor Van Assche (director)
- Director discharge, Igor Van Assche
- Director resignation, Igor Van Assche (day-to-day manager)
- Permanent representative, Wim Heylen
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet €-523k
Net result drops to €-523k, the lowest in the series; recovery starts the following year.
2024
08-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €306k
Net result €306k after one loss-making year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2026
Resigned as Director
30-06-2026
Resigned as Day-to-day manager
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2007
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.
Rijksweg(BOR) 10 A2880 BornemGround area
2.7 ha
Building footprint
1.6 ha
Parcel 12007C0455/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
LINK2EUROPE
since 20072.194.202.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0455/00H000 | Flanders | 2.7 ha | 1 · 1.6 ha | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 45,321 EUR awarded · 45,321 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 213 EUR | 213 EUR |
| 2024 | 2 | 4,093 EUR | 4,093 EUR |
| 2023 | 2 | 32,882 EUR | 33,041 EUR |
| 2022 | 2 | 8,133 EUR | 7,974 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Thema Group Belgium
BE 0466.109.150
Diepenbeek · Eq €113,749
XTP
BE 0800.759.645
Wavre · Eq €114,348
SAHALA
BE 0726.956.701
Schoten · Eq €113,520
JUST HR
BE 0744.710.075
Roeselare · Eq €113,514
MYRA CONSULTING
BE 0741.702.382
Watermaal-Bosvoorde · Eq €114,632
Of 2,361 companies in sector 78100 we hold annual accounts for 1,364. 1,092 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.