LINKO-SYSTEMS
ActiveLINKO-SYSTEMS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €50k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 18207 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+26
Solvency86▲+27
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.19 in 2024; short-term debt: 36.5% and cash: 51.7% of total assets), and 38.7% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
61.3%
Return on assets
18.8%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
7 d early
2020
54 d early
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€165k▲ 41.7%
2024 · €116k
2018: €111k
2019: €120k
2020: €131k
2021: €132k
2022: €92k
2023: €173k
2024: €116k
2018 → 2025
Total assets
€269k▼ 20.6%
2024 · €339k
2018: €262k
2019: €266k
2020: €240k
2021: €309k
2022: €265k
2023: €352k
2024: €339k
2018 → 2025
Net result
€50k
2024 · €-8k
2018: €31k
2019: €12k
2020: €13k
2021: €3k
2022: €-38k
2023: €83k
2024: €-8k
2018 → 2025
Working capital
€115k▲ 199%
2024 · €39k
2018: €83k
2019: €95k
2020: €120k
2021: €54k
2022: €63k
2023: €63k
2024: €39k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€132k-€92k▼ 30.3%€173k▲ 87.8%€116k▼ 32.9%€165k▲ 41.7%
Operating result€12k-€-40k€108k€-5k€98k
Net result€3k-€-38k€83k€-8k€50k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €98k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269k
Fixed assets
€55k▼ 40.9%
Current assets
€214k▼ 12.9%
Equity and liabilities €269k
Equity
€165k▲ 41.7%
Debt
€104k▼ 53.2%
The debt ratio falls from 65.7% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€123k▲
2024 · €21k
Cash flow
€76k▲
2024 · €18k
Solvency
61.3%▲
2024 · 34.3%
Current ratio
2.17▲
2024 · 1.19
Quick ratio
2.09▲
2024 · 1.14
Debt / equity
0.63▼
2024 · 1.91
ROE
30.6%▲
2024 · -6.8%
ROA
18.8%▲
2024 · -2.3%
Interest coverage
6.16▼
2024 · 7.21
Debt
€104k▼
2024 · €222k
Debt ≤ 1 year
€98k▼
2024 · €207k
Debt > 1 year
€6k▼
2024 · €16k
Income taxes
€27k▲
2024 · €474
Staff costs
€112k▲
2024 · €107k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€339k€269k▼
Fixed assets21/28€93k€55k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€44k€20k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€38k€16k▼
Financial fixed assets28€46k€33k▼
Current assets29/58€245k€214k▼
Stocks and contracts in progress3€10k€8k▼
Stocks30/36€10k€8k▼
Amounts receivable within one year40/41€11k€65k▲
Trade receivables40€3k€56k▲
Other amounts receivable41€8k€9k▲
Cash at bank and in hand54/58€193k€139k▼
Deferred charges and accrued income490/1€32k€2k▼
Equity and liabilities
Total equity and liabilities10/49€339k€269k▼
Equity10/15€116k€165k▲
Contributions10/11€19k€19k=
Reserves13€100k€142k▲
Distributable reserves133€100k€142k▲
Profit (loss) carried forward14€-8k€0▲
Investment grants15€6k€4k▼
Amounts payable17/49€222k€104k▼
Amounts payable after more than one year17€16k€6k▼
Financial debts170/4€16k€6k▼
Amounts payable within one year42/48€207k€98k▼
Current portion of amounts payable after more than one year42€21k€10k▼
Trade debts44€151k€62k▼
Suppliers440/4€151k€62k▼
Advances received on contracts in progress46€100€140▲
Taxes, remuneration and social security45€11k€27k▲
Taxes450/3€0€18k▲
Remuneration and social security454/9€11k€9k▼
Other amounts payable47/48€23k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0€894▲
Remuneration, social security and pensions62€107k€112k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-1k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€130k€236k▲
Operating profit (loss)9901€-5k€98k▲
Financial income75/76B€25€52▲
Recurring financial income75€25€52▲
Financial charges65/66B€3k€20k▲
Recurring financial charges65€3k€20k▲
Profit (loss) for the period before taxes9903€-7k€78k▲
Income taxes67/77€474€27k▲
Profit (loss) for the period9904€-8k€50k▲
Profit (loss) for the period to be appropriated9905€-8k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€43k▲
Profit (loss) brought forward from the previous period14P€0€-8k▼
Transfer from equity791/2€47k€0▼
Transfer to equity691/2€0€43k▲
To other reserves6921€0€43k▲
Profit to be distributed694/7€47k€0▼
Return on contributions (dividend)694€47k€0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Equity above €150kEq €165k ▲41.7%
Equity rises from €116k to €165k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
31-12
Financial
Equity above €150kEq €173k ▲87.8%
Equity rises from €92k to €173k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-38k ▼1343%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Blankenberge · 1 establishment unit since 2011
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.
Brugse Steenweg 338370 BlankenbergeGround area
607 m²
Building footprint
216 m²
Volume, LiDAR
2,033 m³
Parcel 31034D0015/00W003, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Brugse Steenweg 33, 8370 Blankenberge
since 20112.196.234.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31034D0015/00W003 | Flanders | 607 m² | 1 · 216 m² | 13.8 m · 3 fl. |
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 · 2 entries · 1,930 EUR awarded · 1,930 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 984 EUR | 984 EUR |
| 2022 | 1 | 946 EUR | 946 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 3,227 companies in sector 47400 we hold annual accounts for 1,806. 1,385 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2011
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47420Retail trade
61100Wired, wireless and satellite telecommunications
61200Telecommunications resale and intermediation services
61300Telecommunications
61900Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.