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LINKED.FARM

Active
Cooperative companyfounded 2015active for 11 yearsAsbeekstraat 4, 1730 Asse, BelgiumKBO/BCE: BE 0633.967.155
Summary

LINKED.FARM has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113,977 and a net result of €380. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 68% of 22,027 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

Equity
€113,977▲ 0.7%
2024 · €113,220
Total assets
€208,205▼ 20.2%
2024 · €260,987
Net result
€380▼ 91.5%
2024 · €4,449
Working capital
€140,421▼ 11.2%
2024 · €158,129
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 89% below 2024 and is the lowest 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.

Operating result€599 2025 Net result€380 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 47, Retail trade: 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€3,312-€1,244▼ 62.4%€11,787▲ 847%€5,298▼ 55.0%€9,230▲ 74.2%€4,871▼ 47.2%€5,536▲ 13.7%€599▼ 89.2%
Net result€2,506-€1,279▼ 48.9%€8,068within the sector's middle half▲ 531%€3,612within the sector's middle half▼ 55.2%€5,747within the sector's middle half▲ 59.1%€2,356within the sector's middle half▼ 59.0%€4,449within the sector's middle half▲ 88.8%€380within the sector's middle half▼ 91.5%
Equity€22,626-€38,185▲ 68.8%€46,897within the sector's middle half▲ 22.8%€57,021within the sector's middle half▲ 21.6%€99,152within the sector's middle half▲ 73.9%€107,009within the sector's middle half▲ 7.9%€113,220within the sector's middle half▲ 5.8%€113,977within the sector's middle half▲ 0.7%
Total assets€43,349-€63,620▲ 46.8%€76,129within the sector's middle half▲ 19.7%€105,578within the sector's middle half▲ 38.7%€154,355within the sector's middle half▲ 46.2%€198,721within the sector's middle half▲ 28.7%€260,987within the sector's middle half▲ 31.3%€208,205within the sector's middle half▼ 20.2%
Debt€20,723-€25,435▲ 22.7%€29,232▲ 14.9%€48,557▲ 66.1%€55,202▲ 13.7%€91,712▲ 66.1%€147,767▲ 61.1%€94,228▼ 36.2%
Working capital€12,376-€50,079▲ 305%€46,034within the sector's middle half▼ 8.1%€50,818within the sector's middle half▲ 10.4%€91,724above the sector's middle half▲ 80.5%€100,165above the sector's middle half▲ 9.2%€158,129above the sector's middle half▲ 57.9%€140,421above the sector's middle half▼ 11.2%
Solvency52.2%-60.0%▲ 7.8pp61.6%above the sector's middle half▲ 1.6pp54.0%within the sector's middle half▼ 7.6pp64.2%above the sector's middle half▲ 10.2pp53.8%within the sector's middle half▼ 10.4pp43.4%within the sector's middle half▼ 10.5pp54.7%within the sector's middle half▲ 11.4pp
Current ratio1.60-10.21▲ 8.624.92above the sector's middle half▼ 5.292.52within the sector's middle half▼ 2.412.66within the sector's middle half▲ 0.152.09within the sector's middle half▼ 0.572.62within the sector's middle half▲ 0.523.16above the sector's middle half▲ 0.54
Return on assets (ROA)5.8%-2.0%▼ 3.8pp10.6%within the sector's middle half▲ 8.6pp3.4%within the sector's middle half▼ 7.2pp3.7%within the sector's middle half▲ 0.3pp1.2%within the sector's middle half▼ 2.5pp1.7%within the sector's middle half▲ 0.5pp0.2%within the sector's middle half▼ 1.5pp
above within below the middle half of NACE 47, Retail trade: 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208,205
Fixed assets €2,806 ▼ 44.4%
Current assets €205,399 ▼ 19.7%
Equity and liabilities €208,205
Equity €113,977 ▲ 0.7%
Debt €94,228 ▼ 36.2%
Debt's share of the balance-sheet total falls from 56.6% to 45.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,645▼
2024 · €7,102
Cash flow
€2,426▼
2024 · €6,014
Debt to equity
0.83▼
2024 · 1.31
ROE
0.3%▼
2024 · 3.9%
Interest coverage
2.97▲
2024 · 2.46
Debt ≤ 1 year
€64,978▼
2024 · €97,812
Income taxes
€892▲
2024 · €9
Staff costs
€52,424▲
2024 · €12,900
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.7% went bankrupt
4.0% stopped otherwise
95.1% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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 10,905 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€260,987€208,205▼
Fixed assets21/28€5,047€2,806▼
Intangible fixed assets21€4,105€2,456▼
Tangible fixed assets22/27€397-
Furniture and vehicles24€397-
Financial fixed assets28€545€350▼
Current assets29/58€255,941€205,399▼
Amounts receivable within one year40/41€100,870€103,501▲
Trade receivables40€73,178€76,610▲
Other amounts receivable41€27,692€26,891▼
Current investments50/53€41,681-
Cash at bank and in hand54/58€113,390€101,424▼
Deferred charges and accrued income490/1-€474
Equity and liabilities
Total equity and liabilities10/49€260,987€208,205▼
Equity10/15€113,220€113,977▲
Contributions10/11€97,666€100,516▲
Reserves13€3,006€3,006=
Distributable reserves133€3,006€3,006=
Profit (loss) carried forward14€12,549€10,455▼
Amounts payable17/49€147,767€94,228▼
Amounts payable within one year42/48€97,812€64,978▼
Trade debts44€94,359€57,271▼
Suppliers440/4€94,359€57,271▼
Advances received on contracts in progress46-€386
Taxes, remuneration and social security45€824€4,847▲
Taxes450/3€802€580▼
Remuneration and social security454/9€22€4,267▲
Other amounts payable47/48€2,629€2,474▼
Accrued charges and deferred income492/3€49,956€29,250▼
Income statement Code20242025
Remuneration, social security and pensions62€12,900€52,424▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,565€2,046▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3,600
Other operating charges640/8€948€769▼
Gross operating margin9900€20,950€59,438▲
Operating profit (loss)9901€5,536€599▼
Financial income75/76B€1,813€1,564▼
Recurring financial income75€1,813€1,564▼
Financial charges65/66B€2,892€891▼
Recurring financial charges65€2,892€891▼
Profit (loss) for the period before taxes9903€4,458€1,272▼
Income taxes67/77€9€892▲
Profit (loss) for the period9904€4,449€380▼
Transfer to tax-exempt reserves689€3,006-
Profit (loss) for the period to be appropriated9905€1,443€380▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,866€12,929▼
Profit (loss) brought forward from the previous period14P€12,423€12,549▲
Profit to be distributed694/7€1,317€2,474▲
Return on contributions (dividend)694€1,317€2,474▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62-----€63€12,900€52,424▲ 306%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,341€6,803€2,971€3,887€11,691€4,727€1,565€2,046▲ 30.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€3,363--€3,600-
Other operating charges640/8---€599€552€1,342€948€769▼ 18.9%
Gross operating margin9900€10,602€9,068€15,292€9,784€24,836€11,004€20,950€59,438▲ 184%
Operating profit (loss)9901€3,312€1,244€11,787€5,298€9,230€4,871€5,536€599▼ 89.2%
Financial income75/76B---€169€16€76€1,813€1,564▼ 13.7%
Recurring financial income75€0€13€0€169€16€76€1,813€1,564▼ 13.7%
Financial charges65/66B---€2,143€1,374€1,374€2,892€891▼ 69.2%
Recurring financial charges65€655€128€2,506€2,143€1,374€1,374€2,892€891▼ 69.2%
Profit (loss) for the period before taxes9903€2,656€1,129€9,280€3,325€7,872€3,573€4,458€1,272▼ 71.5%
Income taxes67/77€150-€150€1,212-€287€2,126€1,217€9€892▲ 9,979%
Profit (loss) for the period9904€2,506€1,279€8,068€3,612€5,747€2,356€4,449€380▼ 91.5%
Transfer to tax-exempt reserves689------€3,006--
Profit (loss) for the period to be appropriated9905€2,506€1,279€8,068€3,612€5,747€2,356€1,443€380▼ 73.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€43,349€63,620€76,129€105,578€154,355€198,721€260,987€208,205▼ 20.2%
Fixed assets21/28€10,250€8,106€18,363€21,217€7,428€6,844€5,047€2,806▼ 44.4%
Intangible fixed assets21€10,000€8,106€15,752€15,855€4,592€294€4,105€2,456▼ 40.2%
Tangible fixed assets22/27€250€0€2,111€1,682€1,254€825€397--
Furniture and vehicles24---€1,682€1,254€825€397--
Financial fixed assets28--€500€3,680€1,582€5,725€545€350▼ 35.8%
Current assets29/58€33,099€55,514€57,767€84,361€146,926€191,877€255,941€205,399▼ 19.7%
Amounts receivable within one year40/41€9,366€4,893€9,352€35,635€61,548€32,378€100,870€103,501▲ 2.6%
Trade receivables40---€25,000€60,685€14,085€73,178€76,610▲ 4.7%
Other amounts receivable41---€10,635€863€18,292€27,692€26,891▼ 2.9%
Current investments50/53€13,450€42,450€41,450-€31,450€61,450€41,681--
Cash at bank and in hand54/58€10,284€3,019€6,810€48,566€52,208€98,049€113,390€101,424▼ 10.6%
Deferred charges and accrued income490/1---€160€1,721--€474-
Equity and liabilities
Total equity and liabilities10/49€43,349€63,620€76,129€105,578€154,355€198,721€260,987€208,205▼ 20.2%
Equity10/15€22,626€38,185€46,897€57,021€99,152€107,009€113,220€113,977▲ 0.7%
Contributions10/11€22,300€36,580-€48,866€87,716€95,816€97,666€100,516▲ 2.9%
Reserves13€22€86€86€0--€3,006€3,006=
Non-distributable reserves130/1---€0-----
Reserves not available under the articles1311---€0-----
Distributable reserves133------€3,006€3,006=
Profit (loss) carried forward14€304€1,519€7,331€8,156€11,437€11,193€12,549€10,455▼ 16.7%
Amounts payable17/49€20,723€25,435€29,232€48,557€55,202€91,712€147,767€94,228▼ 36.2%
Amounts payable within one year42/48€20,723€5,435€11,732€33,543€55,202€91,712€97,812€64,978▼ 33.6%
Trade debts44€20,430€5,435€8,151€30,530€49,283€86,128€94,359€57,271▼ 39.3%
Suppliers440/4---€30,530€49,283€86,128€94,359€57,271▼ 39.3%
Advances received on contracts in progress46-------€386-
Taxes, remuneration and social security45---€110€3,345€2,244€824€4,847▲ 488%
Taxes450/3---€110€3,345€2,244€802€580▼ 27.7%
Remuneration and social security454/9------€22€4,267▲ 19,138%
Other amounts payable47/48---€2,904€2,575€3,340€2,629€2,474▼ 5.9%
Accrued charges and deferred income492/3---€15,014--€49,956€29,250▼ 41.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€2,506€1,279€8,068€3,612€5,747€2,356€4,449€380▼ 91.5%
+ Depreciation and write-downs630€5,341€6,803€2,971€3,887€11,691€4,727€1,565€2,046▲ 30.7%
Operating cash flow (approximation)€7,847€8,082€11,039€7,499€17,438€7,084€6,014€2,426▼ 59.7%
Investment in fixed assets (approximation)--€4,659-€13,228-€6,742€2,098-€4,143€232€195▼ 15.9%
Change in cash--€7,265€3,792€41,756€3,642€45,841€15,341-€11,966-

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

Download as CSV

Filings with the National Bank (10)
Financial year Type Filed Reference
31-12-2025 micro format 31-07-2026 2026-00367643
31-12-2024 micro format 05-09-2025 2025-00481841
31-12-2023 micro format 25-07-2024 2024-00281943
31-12-2022 micro format 13-07-2023 2023-00239409
31-12-2021 micro format 24-06-2022 2022-20145963
31-12-2020 micro format 18-06-2021 2021-21400317
31-12-2019 micro format 26-07-2020 2020-34900223
31-12-2018 micro format 26-06-2019 2019-22900103
31-12-2017 micro format 12-06-2018 2018-17900107
31-12-2016 full format 16-06-2017 2017-18300433

Similar companies · same sector, comparable size

Of the 12,451 active companies whose main activity is other non-specialised retail sale (NACE 47120), figures are known for 2,180. 1,489 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €73,866 awarded · €59,421 paid
Year Entries AwardedPaid
2025 1 €1,641€1,641
2024 1 €72,225€57,780
Schemes
1 entry · €72,225 · €57,780 paid · VLAAMSE LANDMAATSCHAPPIJ
1 entry · €1,641 · €1,641 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.