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LINKONOMY

Active
Private limited companyfounded 2022active for 4 yearsKeelstraat 77, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0787.334.251

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 08-06-2026 PDF all 4 filings

Turnover
≈ €190,000
Estimated: probably between €140,000 and €240,000
Total assets
€151,003▼ 1.1%
2024 · €152,684
Net result
€53,840▼ 8.8%
2024 · €59,047
Working capital
€96,998▼ 2.4%
2024 · €99,386
Trend over the years

2022 to 2025, 4 financial years

The operating result for 2025 is 1% higher than in 2024 and the highest since 2022. It is the third rise in a row.

Operating result€75,187 2025 Net result€53,840 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

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

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€36,479-€62,533▲ 71.4%€74,727▲ 19.5%€75,187▲ 0.6%
Net result€26,435within the sector's middle half-€44,994within the sector's middle half▲ 70.2%€59,047within the sector's middle half▲ 31.2%€53,840within the sector's middle half▼ 8.8%
Equity€27,435within the sector's middle half-€72,430within the sector's middle half▲ 164%€131,476within the sector's middle half▲ 81.5%€125,340within the sector's middle half▼ 4.7%
Total assets€120,098within the sector's middle half-€116,075within the sector's middle half▼ 3.3%€152,684within the sector's middle half▲ 31.5%€151,003within the sector's middle half▼ 1.1%
Debt€92,662-€43,646▼ 52.9%€21,208▼ 51.4%€25,663▲ 21.0%
Working capital-€31,312below the sector's middle half-€27,011within the sector's middle half€99,386within the sector's middle half▲ 268%€96,998within the sector's middle half▼ 2.4%
Solvency22.8%below the sector's middle half-62.4%within the sector's middle half▲ 39.6pp86.1%above the sector's middle half▲ 23.7pp83.0%above the sector's middle half▼ 3.1pp
Current ratio0.66below the sector's middle half-1.62within the sector's middle half▲ 0.965.69above the sector's middle half▲ 4.074.78above the sector's middle half▼ 0.91
Return on assets (ROA)22.0%within the sector's middle half-38.8%above the sector's middle half▲ 16.8pp38.7%above the sector's middle half▼ 0.1pp35.7%above the sector's middle half▼ 3.0pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,003
Fixed assets €28,342 ▼ 11.7%
Current assets €122,660 ▲ 1.7%
Equity and liabilities €151,003
Equity €125,340 ▼ 4.7%
Debt €25,663 ▲ 21.0%
Debt's share of the balance-sheet total rises from 13.9% to 17.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€89,899▲
2024 · €88,056
Cash flow
€68,552▼
2024 · €72,375
Debt to equity
0.20▲
2024 · 0.16
ROE
43.0%▼
2024 · 44.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€25,663▲
2024 · €21,208
Income taxes
€21,250▲
2024 · €15,534
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item2022202320242025
Tangible fixed assets€65,547--€11,340
Depreciation and write-downs of the year€7,900€13,329€13,329€14,712

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as LINKONOMY: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €145,000 and €167,000, founded between 2021 and 2022.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
LINKONOMY Vilvoorde2022€151,003€125,340€90,800€53,8402025
BMC Solutions Vilvoorde2021€159,877€82,200€86,436€64,0142025
Mandaco Kapelle-op-den-Bos2022€146,513€128,646€91,909€71,2792025
Arnaud Leplat Beersel2022€167,024€101,428€89,249€70,2932025
AFONDO Herent2022€162,283€143,205€82,685€59,7312025
BAREFOOT Herent2022€158,895€9,323€101,556€63,3232025
Pontem Pajottegem2022€145,478€127,085€80,136€50,6752025

They were chosen from the 54,693 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as LINKONOMY has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of LINKONOMY itself is lower: < 0.1% within 12 months. It rests on far more data about LINKONOMY than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for LINKONOMY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Source: Annual accounts 2025 (PDF), filed on 08-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€152,684€151,003▼
Fixed assets21/28€32,090€28,342▼
Tangible fixed assets22/27€32,090€28,342▼
Plant, machinery and equipment23€1,344€2,801▲
Furniture and vehicles24€30,747€25,541▼
Current assets29/58€120,594€122,660▲
Amounts receivable within one year40/41€39,062€41,578▲
Trade receivables40€39,062€41,578▲
Cash at bank and in hand54/58€79,291€78,162▼
Deferred charges and accrued income490/1€2,241€2,921▲
Equity and liabilities
Total equity and liabilities10/49€152,684€151,003▼
Equity10/15€131,476€125,340▼
Contributions10/11€1,000€1,000=
Reserves13€130,476€124,300▼
Distributable reserves133€130,476€124,300▼
Profit (loss) carried forward14-€40
Amounts payable17/49€21,208€25,663▲
Amounts payable within one year42/48€21,208€25,663▲
Trade debts44€232€940▲
Suppliers440/4€232€940▲
Taxes, remuneration and social security45€13,829€24,409▲
Taxes450/3€13,829€24,409▲
Other amounts payable47/48€7,147€314▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,329€14,712▲
Other operating charges640/8€125€525▲
Non-recurring operating charges66A-€376
Gross operating margin9900€88,181€90,800▲
Operating profit (loss)9901€74,727€75,187▲
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€150€97▼
Recurring financial charges65€150€97▼
Profit (loss) for the period before taxes9903€74,580€75,090▲
Income taxes67/77€15,534€21,250▲
Profit (loss) for the period9904€59,047€53,840▼
Profit (loss) for the period to be appropriated9905€59,047€53,840▼
Appropriation of the result
Profit (loss) to be appropriated9906€59,976€53,840▼
Profit (loss) brought forward from the previous period14P€930-
Transfer from equity791/2-€59,976
Transfer to equity691/2€59,976€53,800▼
To other reserves6921€59,976€53,800▼
Profit to be distributed694/7-€59,976
Return on contributions (dividend)694-€59,976

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,900€13,329€13,329€14,712▲ 10.4%
Other operating charges640/8€28€125€125€525▲ 320%
Non-recurring operating charges66A---€376-
Gross operating margin9900€44,407€75,987€88,181€90,800▲ 3.0%
Operating profit (loss)9901€36,479€62,533€74,727€75,187▲ 0.6%
Financial income75/76B€3€0€3--
Recurring financial income75€3€0€3--
Financial charges65/66B€29€53€150€97▼ 35.2%
Recurring financial charges65€29€53€150€97▼ 35.2%
Profit (loss) for the period before taxes9903€36,454€62,480€74,580€75,090▲ 0.7%
Income taxes67/77€10,018€17,486€15,534€21,250▲ 36.8%
Profit (loss) for the period9904€26,435€44,994€59,047€53,840▼ 8.8%
Profit (loss) for the period to be appropriated9905€26,435€44,994€59,047€53,840▼ 8.8%
Line2022202320242025Change
Assets
Total assets20/58€120,098€116,075€152,684€151,003▼ 1.1%
Fixed assets21/28€58,747€45,419€32,090€28,342▼ 11.7%
Tangible fixed assets22/27€58,747€45,419€32,090€28,342▼ 11.7%
Plant, machinery and equipment23€3,043€2,193€1,344€2,801▲ 108%
Furniture and vehicles24€55,705€43,226€30,747€25,541▼ 16.9%
Current assets29/58€61,350€70,657€120,594€122,660▲ 1.7%
Amounts receivable within one year40/41€28,413€26,463€39,062€41,578▲ 6.4%
Trade receivables40€28,413€26,463€39,062€41,578▲ 6.4%
Cash at bank and in hand54/58€30,641€41,777€79,291€78,162▼ 1.4%
Deferred charges and accrued income490/1€2,296€2,417€2,241€2,921▲ 30.3%
Equity and liabilities
Total equity and liabilities10/49€120,098€116,075€152,684€151,003▼ 1.1%
Equity10/15€27,435€72,430€131,476€125,340▼ 4.7%
Contributions10/11€1,000€1,000€1,000€1,000=
Reserves13€26,000€70,500€130,476€124,300▼ 4.7%
Distributable reserves133€26,000€70,500€130,476€124,300▼ 4.7%
Profit (loss) carried forward14€435€930-€40-
Amounts payable17/49€92,662€43,646€21,208€25,663▲ 21.0%
Amounts payable within one year42/48€92,662€43,646€21,208€25,663▲ 21.0%
Trade debts44€657€171€232€940▲ 305%
Suppliers440/4€657€171€232€940▲ 305%
Taxes, remuneration and social security45€15,888€15,456€13,829€24,409▲ 76.5%
Taxes450/3€12,595€15,454€13,829€24,409▲ 76.5%
Remuneration and social security454/9€3,293€3---
Other amounts payable47/48€76,117€28,019€7,147€314▼ 95.6%
Line2022202320242025Change
Profit (loss) for the period9904€26,435€44,994€59,047€53,840▼ 8.8%
+ Depreciation and write-downs630€7,900€13,329€13,329€14,712▲ 10.4%
Operating cash flow (approximation)€34,335€58,323€72,375€68,552▼ 5.3%
Investment in fixed assets (approximation)-€0€0-€10,964-
Change in cash-€11,136€37,514-€1,129-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference Document
31-12-2025 micro format 08-06-2026 2026-00147132 PDF
31-12-2024 micro format 07-06-2025 2025-00137066 PDF
31-12-2023 micro format 16-06-2024 2024-00138053 PDF
31-12-2022 micro format 19-06-2023 2023-00141093 PDF

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