MISSING LINK
ActiveSummary
MISSING LINK has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-7k) and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▲+3
Solvency21▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.13 in 2024; short-term debt: 103.7% and cash: 0.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
-3.7%
Return on assets
-4.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 09
Relative position
BE, all sectors
reference
Mining support service activities (NACE 09)
about 13% fewer bankruptcies
← 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
1819202122232425
2018 to 2025 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
on the day
2023
28 d late
2022
52 d early
2021
23 d early
2020
30 d late
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-7k
2024 · €827
2018: €-23klowest in 8 years
2019: €877▲ +104% vs 2018
2020: €-7k▼ -871% vs 2019
2021: €2k▲ +135% vs 2020
2022: €1k▼ -57.3% vs 2021
2023: €11k▲ +961% vs 2022highest in 8 years
2024: €827▼ -92.3% vs 2023
2025: €-7k▼ -916% vs 2024
2018 → 2025
Total assets
€183k▲ 0.2%
2024 · €182k
2018: €45klowest in 8 years
2019: €83k▲ +84.8% vs 2018
2020: €64k▼ -23.0% vs 2019
2021: €53k▼ -17.6% vs 2020
2022: €171k▲ +223% vs 2021
2023: €186k▲ +8.7% vs 2022highest in 8 years
2024: €182k▼ -1.7% vs 2023
2025: €183k▲ +0.2% vs 2024
2018 → 2025
Net result
€-8k▲ 24.0%
2024 · €-10k
2018: €-16klowest in 8 years
2019: €24k▲ +250% vs 2018highest in 8 years
2020: €-8k▼ -132% vs 2019
2021: €9k▲ +220% vs 2020
2022: €-1k▼ -115% vs 2021
2023: €-4k▼ -208% vs 2022
2024: €-10k▼ -136% vs 2023
2025: €-8k▲ +24.0% vs 2024
2018 → 2025
Working capital
€-165k▼ 4.8%
2024 · €-157k
2018: €-24k
2019: €2k▲ +108% vs 2018highest in 8 years
2020: €-8k▼ -529% vs 2019
2021: €1k▲ +116% vs 2020
2022: €-157k▼ -12301% vs 2021
2023: €-147k▲ +6.3% vs 2022
2024: €-157k▼ -6.8% vs 2023
2025: €-165k▼ -4.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€1k▼ 57.3%€11k▲ 961%€827▼ 92.3%€-7k
2021: €2k
2022: €1k▼ -57.3% vs 2021
2023: €11k▲ +961% vs 2022highest in 5 years
2024: €827▼ -92.3% vs 2023
2025: €-7k▼ -916% vs 2024lowest in 5 years
Operating result€10k-€467▼ 95.3%€-4k€-10k▼ 157%€-7k▲ 24.7%
2021: €10khighest in 5 years
2022: €467▼ -95.3% vs 2021
2023: €-4k▼ -928% vs 2022
2024: €-10k▼ -157% vs 2023lowest in 5 years
2025: €-7k▲ +24.7% vs 2024
Net result€9k-€-1k€-4k▼ 208%€-10k▼ 136%€-8k▲ 24.0%
2021: €9khighest in 5 years
2022: €-1k▼ -115% vs 2021
2023: €-4k▼ -208% vs 2022
2024: €-10k▼ -136% vs 2023lowest in 5 years
2025: €-8k▲ +24.0% vs 2024
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 stays negative: a loss of €7k in 2025 against €10k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€158k =
Current assets
€25k ▲ 1.5%
Key figures and ratios
Solvency
-3.7%▼
2024 · 0.5%
Current ratio
0.13▼
2024 · 0.13
Debt to equity
-28.08
ROA
-4.1%▲
2024 · -5.5%
Debt
€190k▲
2024 · €182k
Debt ≤ 1 year
€190k▲
2024 · €182k
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 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€182k€183k▲
Fixed assets21/28€158k€158k=
Financial fixed assets28€158k€158k=
Current assets29/58€24k€25k▲
Amounts receivable within one year40/41€24k€24k▼
Trade receivables40€14k€14k=
Other amounts receivable41€9k€9k▼
Cash at bank and in hand54/58€461€903▲
Deferred charges and accrued income490/1€200€197▼
Equity and liabilities
Total equity and liabilities10/49€182k€183k▲
Equity10/15€827€-7k▼
Contributions10/11€6k€6k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€-7k€-14k▼
Amounts payable17/49€182k€190k▲
Amounts payable within one year42/48€182k€190k▲
Trade debts44€884€3k▲
Suppliers440/4€884€3k▲
Other amounts payable47/48€181k€187k▲
Income statement
Code20242025
Other operating charges640/8€126€73▼
Gross operating margin9900€-10k€-7k▲
Operating profit (loss)9901€-10k€-7k▲
Financial income75/76B€65-
Recurring financial income75€65-
Financial charges65/66B€105€107▲
Recurring financial charges65€105€107▲
Profit (loss) for the period before taxes9903€-10k€-8k▲
Profit (loss) for the period9904€-10k€-8k▲
Profit (loss) for the period to be appropriated9905€-10k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-14k▼
Profit (loss) brought forward from the previous period14P€3k€-7k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99 | €99 | €99 | - | - | - |
| Other operating charges640/8 | €183 | €44 | €506 | €126 | €73 | ▼ 42.2% |
| Gross operating margin9900 | €10k | €609 | €-3k | €-10k | €-7k | ▲ 24.5% |
| Operating profit (loss)9901 | €10k | €467 | €-4k | €-10k | €-7k | ▲ 24.7% |
| Financial income75/76B | - | - | €150 | €65 | - | - |
| Recurring financial income75 | - | - | €150 | €65 | - | - |
| Financial charges65/66B | €106 | €240 | €2k | €105 | €107 | ▲ 1.4% |
| Recurring financial charges65 | €106 | €240 | €2k | €105 | €107 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | €10k | €227 | €-5k | €-10k | €-8k | ▲ 24.0% |
| Income taxes67/77 | €752 | €2k | €-1k | - | - | - |
| Profit (loss) for the period9904 | €9k | €-1k | €-4k | €-10k | €-8k | ▲ 24.0% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-1k | €-4k | €-10k | €-8k | ▲ 24.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53k | €171k | €186k | €182k | €183k | ▲ 0.2% |
| Fixed assets21/28 | €1k | €158k | €158k | €158k | €158k | = |
| Tangible fixed assets22/27 | €197 | €99 | - | - | - | - |
| Plant, machinery and equipment23 | €197 | €99 | - | - | - | - |
| Financial fixed assets28 | €900 | €158k | €158k | €158k | €158k | = |
| Current assets29/58 | €52k | €13k | €28k | €24k | €25k | ▲ 1.5% |
| Amounts receivable within one year40/41 | €51k | €9k | €18k | €24k | €24k | ▼ 0.3% |
| Trade receivables40 | €21k | €507 | €14k | €14k | €14k | = |
| Other amounts receivable41 | €30k | €8k | €3k | €9k | €9k | ▼ 0.7% |
| Cash at bank and in hand54/58 | €543 | €4k | €10k | €461 | €903 | ▲ 96.1% |
| Deferred charges and accrued income490/1 | €217 | €38 | €240 | €200 | €197 | ▼ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53k | €171k | €186k | €182k | €183k | ▲ 0.2% |
| Equity10/15 | €2k | €1k | €11k | €827 | €-7k | ▼ 916% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-5k | €-6k | €3k | €-7k | €-14k | ▼ 114% |
| Amounts payable17/49 | €50k | €170k | €175k | €182k | €190k | ▲ 4.4% |
| Amounts payable within one year42/48 | €50k | €170k | €175k | €182k | €190k | ▲ 4.4% |
| Financial debts43 | - | €165 | €645 | - | - | - |
| Credit institutions430/8 | - | €165 | €645 | - | - | - |
| Trade debts44 | €5k | €266 | - | €884 | €3k | ▲ 212% |
| Suppliers440/4 | €5k | €266 | - | €884 | €3k | ▲ 212% |
| Taxes, remuneration and social security45 | €4k | €3k | €1k | - | - | - |
| Taxes450/3 | €4k | €3k | €1k | - | - | - |
| Other amounts payable47/48 | €41k | €166k | €173k | €181k | €187k | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-1k | €-4k | €-10k | €-8k | ▲ 24.0% |
| + Depreciation and write-downs630 | €99 | €99 | €99 | - | - | - |
| Operating cash flow (approximation) | €9k | €-1k | €-4k | €-10k | €-8k | ▲ 24.0% |
| Investment in fixed assets (approximation) | - | €-157k | €0 | €0 | €0 | - |
| Change in cash | - | €3k | €6k | €-9k | €443 | ▲ 105% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 1996
Ground area
950 m²
Building footprint
921 m²
Volume, LiDAR
20,956 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
110
companies at this address
See who is registered here
1 establishment unit
Koningslaan 144, 1190 Vorst
since 19962.059.783.023
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
| 21007A0029/00A007 | Brussels | 250 m² | 1 · 221 m² | 25.9 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-09-1992
Fiscal year end31-12
Activities, NACEBEL 2025
09100Mining support service activities
42130Civil engineering
43120Site preparation
43221Plumbing work
52220Warehousing and support activities for transportation
Scores and ratios are computed by Checked and are not a credit decision.