Linking Labs
ActiveSummary
Linking Labs has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198,908 and a net result of €9,654. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+52
Solvency85=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.96 in 2024; short-term debt: 40.3% and cash: 1.4% of total assets), and 40.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.7%
Return on assets
2.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
5 d late
2023
1 d early
2022
28 d late
2021
55 d early
2020
110 d early
2019
on the day
← 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 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€198,908▲ 5.1%
2024 · €189,254
Total assets
€333,016▲ 4.9%
2024 · €317,564
Net result
€9,654
2024 · -€1,355
Working capital
€3,221
2024 · -€4,626
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€74,978▲ 165%€22,751▼ 69.7%€80,220▲ 253%-€74€14,837
Net result€57,303within the sector's middle half▲ 186%€17,105within the sector's middle half▼ 70.1%€50,504within the sector's middle half▲ 195%-€1,355within the sector's middle half€9,654within the sector's middle half
Equity€123,000within the sector's middle half▲ 28.5%€140,105within the sector's middle half▲ 13.9%€190,610within the sector's middle half▲ 36.0%€189,254within the sector's middle half▼ 0.7%€198,908within the sector's middle half▲ 5.1%
Total assets€234,263below the sector's middle half▲ 4.3%€313,853below the sector's middle half▲ 34.0%€289,192below the sector's middle half▼ 7.9%€317,564below the sector's middle half▲ 9.8%€333,016below the sector's middle half▲ 4.9%
Debt€111,263▼ 13.7%€173,748▲ 56.2%€98,583▼ 43.3%€128,310▲ 30.2%€134,108▲ 4.5%
Working capital€114,138within the sector's middle half▲ 40.6%€110,897within the sector's middle half▼ 2.8%€71,855within the sector's middle half▼ 35.2%-€4,626within the sector's middle half€3,221within the sector's middle half
Solvency52.5%within the sector's middle half▲ 9.9pp44.6%within the sector's middle half▼ 7.9pp65.9%above the sector's middle half▲ 21.3pp59.6%within the sector's middle half▼ 6.3pp59.7%within the sector's middle half▲ 0.1pp
Current ratio2.25within the sector's middle half▲ 0.422.06within the sector's middle half▼ 0.191.74within the sector's middle half▼ 0.320.96within the sector's middle half▼ 0.781.02within the sector's middle half▲ 0.06
Return on assets (ROA)24.5%above the sector's middle half▲ 15.5pp5.4%within the sector's middle half▼ 19.0pp17.5%above the sector's middle half▲ 12.0pp-0.4%within the sector's middle half▼ 17.9pp2.9%within the sector's middle half▲ 3.3pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14,837 after a loss of €74 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333,016
Fixed assets
€195,687 ▲ 0.4%
Current assets
€137,330 ▲ 12.0%
Equity and liabilities €333,016
Equity
€198,908 ▲ 5.1%
Debt
€134,108 ▲ 4.5%
Debt's share of the balance-sheet total falls from 40.4% to 40.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,462▲
2024 · €388
Cash flow
€10,278▲
2024 · -€893
Debt to equity
0.67▼
2024 · 0.68
ROE
4.9%▲
2024 · -0.7%
Interest coverage
16.47▲
2024 · 0.22
Debt ≤ 1 year
€134,108▲
2024 · €127,282
Income taxes
€6,895▲
2024 · €637
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | €2,807 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,548 | €16,604 | €462 | €462 | €625 | ▲ 35.1% |
| Other operating charges640/8 | - | €353 | €14,112 | €1,080 | €604 | ▼ 44.1% |
| Gross operating margin9900 | €92,088 | €42,515 | €94,794 | €1,469 | €16,066 | ▲ 994% |
| Operating profit (loss)9901 | €74,978 | €22,751 | €80,220 | -€74 | €14,837 | ▲ 20,155% |
| Financial income75/76B | - | €4,487 | €1,175 | €1,134 | €2,650 | ▲ 134% |
| Recurring financial income75 | €4,013 | €4,487 | €1,175 | €1,134 | €2,650 | ▲ 134% |
| Financial charges65/66B | - | €5,100 | €6,753 | €1,778 | €939 | ▼ 47.2% |
| Recurring financial charges65 | €3,262 | €5,100 | €6,753 | €1,778 | €939 | ▼ 47.2% |
| Profit (loss) for the period before taxes9903 | €75,730 | €22,137 | €74,643 | -€718 | €16,549 | ▲ 2,405% |
| Income taxes67/77 | €18,427 | €5,032 | €24,139 | €637 | €6,895 | ▲ 982% |
| Profit (loss) for the period9904 | €57,303 | €17,105 | €50,504 | -€1,355 | €9,654 | ▲ 812% |
| Profit (loss) for the period to be appropriated9905 | €57,303 | €17,105 | €50,504 | -€1,355 | €9,654 | ▲ 812% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €234,263 | €313,853 | €289,192 | €317,564 | €333,016 | ▲ 4.9% |
| Fixed assets21/28 | €28,989 | €98,772 | €120,370 | €194,908 | €195,687 | ▲ 0.4% |
| Tangible fixed assets22/27 | €28,989 | €13,772 | €869 | €407 | €1,186 | ▲ 191% |
| Furniture and vehicles24 | - | €13,772 | €869 | €407 | €1,186 | ▲ 191% |
| Financial fixed assets28 | - | €85,000 | €119,501 | €194,501 | €194,501 | = |
| Current assets29/58 | €205,274 | €215,081 | €168,822 | €122,656 | €137,330 | ▲ 12.0% |
| Amounts receivable after more than one year29 | - | €135,200 | €135,200 | €56,700 | €56,700 | = |
| Other amounts receivable291 | - | €135,200 | €135,200 | €56,700 | €56,700 | = |
| Amounts receivable within one year40/41 | €56,206 | €57,438 | €16,015 | €44,628 | €70,210 | ▲ 57.3% |
| Trade receivables40 | - | €47,470 | €15,743 | €37,603 | €70,210 | ▲ 86.7% |
| Other amounts receivable41 | - | €9,968 | €272 | €7,025 | €0 | ▼ 100% |
| Current investments50/53 | - | €9,264 | €5,029 | €5,029 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | - | €1,271 | €0 | €7,793 | €4,510 | ▼ 42.1% |
| Deferred charges and accrued income490/1 | - | €11,908 | €12,578 | €8,506 | €5,910 | ▼ 30.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €234,263 | €313,853 | €289,192 | €317,564 | €333,016 | ▲ 4.9% |
| Equity10/15 | €123,000 | €140,105 | €190,610 | €189,254 | €198,908 | ▲ 5.1% |
| Contributions10/11 | - | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Reserves13 | €110,400 | €110,400 | €160,905 | €160,905 | €170,558 | ▲ 6.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €108,540 | €159,045 | €160,905 | €170,558 | ▲ 6.0% |
| Profit (loss) carried forward14 | - | €17,105 | €17,105 | €15,750 | €15,750 | = |
| Amounts payable17/49 | €111,263 | €173,748 | €98,583 | €128,310 | €134,108 | ▲ 4.5% |
| Amounts payable after more than one year17 | €19,362 | €68,119 | €0 | - | - | - |
| Financial debts170/4 | - | €68,119 | €0 | - | - | - |
| Amounts payable within one year42/48 | €91,137 | €104,184 | €96,967 | €127,282 | €134,108 | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | - | €26,244 | €8,339 | €0 | - | - |
| Financial debts43 | - | €37,458 | €36,786 | €7,607 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €29,916 | €29,184 | €7,607 | €0 | ▼ 100% |
| Other loans439 | - | €7,542 | €7,602 | €0 | - | - |
| Trade debts44 | €794 | €6,779 | €6,360 | €6,655 | €621 | ▼ 90.7% |
| Suppliers440/4 | - | €6,779 | €6,360 | €6,655 | €621 | ▼ 90.7% |
| Taxes, remuneration and social security45 | - | €24,146 | €9,513 | €4,090 | €7,647 | ▲ 87.0% |
| Taxes450/3 | - | €18,532 | €9,513 | €2,090 | €6,147 | ▲ 194% |
| Remuneration and social security454/9 | - | €5,615 | €0 | €2,000 | €1,500 | ▼ 25.0% |
| Other amounts payable47/48 | - | €9,558 | €35,970 | €108,930 | €125,840 | ▲ 15.5% |
| Accrued charges and deferred income492/3 | - | €1,445 | €1,616 | €1,028 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,303 | €17,105 | €50,504 | -€1,355 | €9,654 | ▲ 812% |
| + Depreciation and write-downs630 | €16,548 | €16,604 | €462 | €462 | €625 | ▲ 35.1% |
| Operating cash flow (approximation) | €73,851 | €33,709 | €50,967 | -€893 | €10,278 | ▲ 1,251% |
| Investment in fixed assets (approximation) | - | -€86,387 | -€22,061 | -€75,000 | -€1,403 | ▲ 98.1% |
| Change in cash | - | - | -€1,271 | €7,793 | -€3,283 | ▼ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €9,654
Net result €9,654 after one loss-making year.
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
30-06
Financial
Weakest financial yearnet -€1,355
Net result drops to -€1,355, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €150,000Eq €190,610 ▲36%
5 profitable years in a row build equity to €190,610.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €57,303 ▲186%
Net result €57,303, the highest in the series.
30-06
Financial
Equity above €100,000Eq €123,000 ▲28.5%
3 profitable years in a row build equity to €123,000.
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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-Pieters-Leeuw · 1 establishment unit since 2011
Ground area
1,223 m²
Building footprint
151 m²
Volume, LiDAR
806 m³
Parcel 23583H0362/00Z000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pijnbroekstraat 189, 1600 Sint-Pieters-Leeuw
since 20112.203.921.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23583H0362/00Z000 | Flanders | 1,223 m² | 1 · 151 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,864 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-10-2011
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840303872
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.