Missing Link Group
ActiveSummary
Missing Link Group has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 49 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-8
Solvency46▼-24
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.61 in 2024; short-term debt: 79.5% and cash: 20.4% of total assets), and 79.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 36
Relative position
BE, all sectors
reference
Water collection, treatment and supply (NACE 36)
about 28% fewer bankruptcies
← 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
20.5%
Return on assets
18.3%
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 31-08-2026, 31 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
31 d late
2024
28 d late
2023
13 d early
2022
25 d late
2021
29 d late
2020
31 d late
2019
61 d late
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24k▼ 40.7%
2024 · €40k
Working capital
€-56k▼ 107%
2024 · €-27k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50k▲ 44.0%€30k▼ 39.5%€27k▼ 12.0%€56k▲ 112%€34k▼ 39.9%
Net result€36k▲ 42.0%€24k▼ 33.8%€16k▼ 30.9%€40k▲ 145%€24k▼ 40.7%
Equity€64k▲ 60.4%€70k▲ 9.3%€69k▼ 1.9%€56k▼ 18.9%€27k▼ 52.5%
Total assets€106k▲ 60.2%€86k▼ 19.3%€120k▲ 39.8%€124k▲ 3.4%€129k▲ 4.0%
Debt€42k▲ 60.0%€16k▼ 62.6%€51k▲ 225%€68k▲ 33.4%€103k▲ 50.1%
Working capital€22k▲ 132%€27k▲ 25.3%€-14k€-27k▼ 96.0%€-56k▼ 107%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129k
Fixed assets
€82k ▼ 0.5%
Current assets
€47k ▲ 13.2%
Equity and liabilities €129k
Equity
€27k ▼ 52.5%
Debt
€103k ▲ 50.1%
Debt's share of the balance-sheet total rises from 55.1% to 79.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€34k▼
2024 · €57k
Cash flow
€24k▼
2024 · €41k
Current ratio
0.46▼
2024 · 0.61
Debt to equity
3.87▲
2024 · 1.23
ROE
89.3%▲
2024 · 71.6%
ROA
18.3%▼
2024 · 32.1%
Interest coverage
116.05▼
2024 · 748.56
Debt ≤ 1 year
€103k▲
2024 · €68k
Income taxes
€10k▼
2024 · €16k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €979 | €875 | €4k | €714 | €450 | ▼ 36.9% |
| Other operating charges640/8 | €839 | €1k | €1k | €792 | €999 | ▲ 26.2% |
| Gross operating margin9900 | €52k | €32k | €31k | €58k | €35k | ▼ 38.9% |
| Operating profit (loss)9901 | €50k | €30k | €27k | €56k | €34k | ▼ 39.9% |
| Financial income75/76B | €2 | - | - | - | €14 | - |
| Recurring financial income75 | €2 | - | - | - | €14 | - |
| Financial charges65/66B | €176 | €154 | €83 | €76 | €295 | ▲ 288% |
| Recurring financial charges65 | €176 | €154 | €83 | €76 | €295 | ▲ 288% |
| Profit (loss) for the period before taxes9903 | €50k | €30k | €26k | €56k | €34k | ▼ 40.3% |
| Income taxes67/77 | €14k | €6k | €10k | €16k | €10k | ▼ 39.2% |
| Profit (loss) for the period9904 | €36k | €24k | €16k | €40k | €24k | ▼ 40.7% |
| Profit (loss) for the period to be appropriated9905 | €36k | €24k | €16k | €40k | €24k | ▼ 40.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106k | €86k | €120k | €124k | €129k | ▲ 4.0% |
| Fixed assets21/28 | €42k | €43k | €83k | €83k | €82k | ▼ 0.5% |
| Tangible fixed assets22/27 | €2k | €3k | €26k | €26k | €25k | ▼ 1.7% |
| Land and buildings22 | - | - | €24k | €24k | €24k | = |
| Plant, machinery and equipment23 | €2k | €1k | €276 | €595 | €305 | ▼ 48.8% |
| Furniture and vehicles24 | - | €484 | €322 | €160 | - | - |
| Assets under construction and advance payments27 | - | €1k | €1k | €1k | €1k | = |
| Financial fixed assets28 | €40k | €40k | €57k | €57k | €57k | = |
| Current assets29/58 | €64k | €43k | €38k | €42k | €47k | ▲ 13.2% |
| Amounts receivable within one year40/41 | €24k | €5k | €11k | €25k | €20k | ▼ 20.4% |
| Trade receivables40 | €13k | €253 | €8k | €25k | €18k | ▼ 27.2% |
| Other amounts receivable41 | €11k | €5k | €2k | - | €2k | - |
| Cash at bank and in hand54/58 | €40k | €37k | €27k | €17k | €26k | ▲ 58.5% |
| Deferred charges and accrued income490/1 | €146 | €149 | €156 | €163 | €993 | ▲ 508% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106k | €86k | €120k | €124k | €129k | ▲ 4.0% |
| Equity10/15 | €64k | €70k | €69k | €56k | €27k | ▼ 52.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €50 | €50 | €50 | €50 | €50 | = |
| Non-distributable reserves130/1 | €50 | €50 | €50 | €50 | €50 | = |
| Reserves not available under the articles1311 | €50 | €50 | €50 | €50 | €50 | = |
| Profit (loss) carried forward14 | €46k | €51k | €50k | €37k | €8k | ▼ 78.8% |
| Amounts payable17/49 | €42k | €16k | €51k | €68k | €103k | ▲ 50.1% |
| Amounts payable within one year42/48 | €42k | €16k | €51k | €68k | €103k | ▲ 50.1% |
| Trade debts44 | €7k | €5k | €7k | €3k | €4k | ▲ 10.6% |
| Suppliers440/4 | €7k | €5k | €7k | €3k | €4k | ▲ 10.6% |
| Advances received on contracts in progress46 | - | - | - | €4k | €7k | ▲ 91.4% |
| Taxes, remuneration and social security45 | €20k | €11k | €8k | €18k | €34k | ▲ 91.5% |
| Taxes450/3 | €20k | €11k | €8k | €18k | €34k | ▲ 91.5% |
| Other amounts payable47/48 | €15k | - | €36k | €44k | €58k | ▲ 32.9% |
| Accrued charges and deferred income492/3 | - | €184 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €24k | €16k | €40k | €24k | ▼ 40.7% |
| + Depreciation and write-downs630 | €979 | €875 | €4k | €714 | €450 | ▼ 36.9% |
| Operating cash flow (approximation) | €37k | €24k | €20k | €41k | €24k | ▼ 40.6% |
| Investment in fixed assets (approximation) | - | €-1k | €-43k | €-871 | €0 | ▲ 100% |
| Change in cash | - | €-3k | €-11k | €-10k | €10k | ▲ 196% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €40k ▲145%
Operating result €56k, net result €40k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.36
Current ratio from 0.67 to 1.36; short-term debt falls from €38k to €26k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €15k ▼42.9%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Jette · 1 establishment unit since 2014
Ground area
174 m²
Building footprint
65 m²
Volume, LiDAR
681 m³
Parcel 21464D0172/00R002, Brussels · tallest building 11.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Missing Link Group
since 20142.227.001.917
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0172/00R002 | Brussels | 174 m² | 1 · 65 m² | 11.9 m · 4 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 135 companies in sector 36000 we hold annual accounts for 69. 28 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
Founded11-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
36000Water collection, treatment and supply
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
82100Office administrative and support services
82990Other business support services
93125Sports, amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.