Missing Link Group
ActiveSummary
Missing Link Group has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,520 and a net result of €23,672. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 65 sector peers (NACE 36, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €26,520
- Profit
- €23,672
Why 84raises riskLast filed accounts filed 31 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 0.46, cash €26,338Founded in 2014Sector: Water collection, treatment and supply (NACE 36)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 36, micro): better than 42% on solvency, 30% on liquidity, 84% on profitability and 15% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · full…
- Highest result from 2018 to 2025net €39,927 ▲145%
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488894.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 40% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,799 | €156 | €524 | €979 | €875 | €3,632 | €714 | €450 | ▼ 36.9% |
| Other operating charges640/8 | - | - | - | €839 | €1,409 | €1,215 | €792 | €999 | ▲ 26.2% |
| Gross operating margin9900 | €33,495 | €21,727 | €35,738 | €51,584 | €32,405 | €31,364 | €57,727 | €35,260 | ▼ 38.9% |
| Operating profit (loss)9901 | €27,360 | €20,781 | €34,552 | €49,766 | €30,121 | €26,517 | €56,221 | €33,810 | ▼ 39.9% |
| Financial income75/76B | - | - | - | €2 | - | - | - | €14 | - |
| Recurring financial income75 | - | - | €1 | €2 | - | - | - | €14 | - |
| Financial charges65/66B | - | - | - | €176 | €154 | €83 | €76 | €295 | ▲ 288% |
| Recurring financial charges65 | €63 | €84 | €101 | €176 | €154 | €83 | €76 | €295 | ▲ 288% |
| Profit (loss) for the period before taxes9903 | €27,297 | €20,696 | €34,452 | €49,592 | €29,967 | €26,434 | €56,145 | €33,529 | ▼ 40.3% |
| Income taxes67/77 | €269 | €5,269 | €9,301 | €13,886 | €6,348 | €10,107 | €16,219 | €9,857 | ▼ 39.2% |
| Profit (loss) for the period9904 | €27,027 | €15,427 | €25,151 | €35,705 | €23,619 | €16,327 | €39,927 | €23,672 | ▼ 40.7% |
| Profit (loss) for the period to be appropriated9905 | €27,027 | €15,427 | €25,151 | €35,705 | €23,619 | €16,327 | €39,927 | €23,672 | ▼ 40.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €55,628 | €52,882 | €66,424 | €106,435 | €85,941 | €120,140 | €124,253 | €129,283 | ▲ 4.0% |
| Fixed assets21/28 | €27,247 | €27,409 | €30,586 | €42,300 | €42,920 | €82,525 | €82,681 | €82,231 | ▼ 0.5% |
| Tangible fixed assets22/27 | €446 | €608 | €3,099 | €2,120 | €2,740 | €25,608 | €25,765 | €25,314 | ▼ 1.7% |
| Land and buildings22 | - | - | - | - | - | €24,000 | €24,000 | €24,000 | = |
| Plant, machinery and equipment23 | - | - | - | €2,120 | €1,246 | €276 | €595 | €305 | ▼ 48.8% |
| Furniture and vehicles24 | - | - | - | - | €484 | €322 | €160 | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €1,009 | €1,009 | €1,009 | €1,009 | = |
| Financial fixed assets28 | €26,801 | €26,801 | €27,487 | €40,180 | €40,180 | €56,917 | €56,917 | €56,917 | = |
| Current assets29/58 | €28,381 | €25,473 | €35,838 | €64,135 | €43,021 | €37,615 | €41,572 | €47,053 | ▲ 13.2% |
| Amounts receivable within one year40/41 | €22,905 | €15,154 | €22,364 | €23,978 | €5,460 | €10,764 | €24,790 | €19,721 | ▼ 20.4% |
| Trade receivables40 | - | - | - | €12,520 | €253 | €8,306 | €24,790 | €18,044 | ▼ 27.2% |
| Other amounts receivable41 | - | - | - | €11,457 | €5,206 | €2,458 | - | €1,677 | - |
| Cash at bank and in hand54/58 | €5,318 | €9,300 | €13,191 | €40,012 | €37,413 | €26,695 | €16,619 | €26,338 | ▲ 58.5% |
| Deferred charges and accrued income490/1 | - | - | - | €146 | €149 | €156 | €163 | €993 | ▲ 508% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €55,628 | €52,882 | €66,424 | €106,435 | €85,941 | €120,140 | €124,253 | €129,283 | ▲ 4.0% |
| Equity10/15 | -€585 | €14,843 | €39,994 | €64,152 | €70,124 | €68,804 | €55,789 | €26,520 | ▼ 52.5% |
| Contributions10/11 | €12,500 | €12,500 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €50 | €50 | €50 | €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 | -€13,135 | €2,293 | €27,444 | €45,502 | €51,474 | €50,154 | €37,139 | €7,870 | ▼ 78.8% |
| Amounts payable17/49 | €56,213 | €38,040 | €26,430 | €42,283 | €15,817 | €51,336 | €68,464 | €102,763 | ▲ 50.1% |
| Amounts payable within one year42/48 | €56,213 | €38,040 | €26,430 | €42,283 | €15,633 | €51,336 | €68,464 | €102,763 | ▲ 50.1% |
| Trade debts44 | €2,391 | €7,025 | €6,810 | €7,245 | €4,827 | €6,736 | €3,497 | €3,868 | ▲ 10.6% |
| Suppliers440/4 | - | - | - | €7,245 | €4,827 | €6,736 | €3,497 | €3,868 | ▲ 10.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €3,528 | €6,752 | ▲ 91.4% |
| Taxes, remuneration and social security45 | - | - | - | €19,558 | €10,806 | €8,347 | €17,897 | €34,270 | ▲ 91.5% |
| Taxes450/3 | - | - | - | €19,558 | €10,806 | €8,347 | €17,897 | €34,270 | ▲ 91.5% |
| Other amounts payable47/48 | - | - | - | €15,480 | - | €36,253 | €43,542 | €57,873 | ▲ 32.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €184 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,027 | €15,427 | €25,151 | €35,705 | €23,619 | €16,327 | €39,927 | €23,672 | ▼ 40.7% |
| + Depreciation and write-downs630 | €4,799 | €156 | €524 | €979 | €875 | €3,632 | €714 | €450 | ▼ 36.9% |
| Operating cash flow (approximation) | €31,827 | €15,583 | €25,676 | €36,685 | €24,494 | €19,959 | €40,641 | €24,122 | ▼ 40.6% |
| Investment in fixed assets (approximation) | - | -€318 | -€3,701 | -€12,693 | -€1,495 | -€43,237 | -€871 | €0 | - |
| Change in cash | - | €3,982 | €3,891 | €26,821 | -€2,599 | -€10,717 | -€10,077 | €9,719 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00488894 |
| 31-12-2024 | full format | 28-08-2025 | 2025-00424929 |
| 31-12-2023 | full format | 18-07-2024 | 2024-00259474 |
| 31-12-2022 | full format | 25-08-2023 | 2023-00363140 |
| 31-12-2021 | full format | 29-08-2022 | 2022-20338266 |
| 31-12-2020 | full format | 31-08-2021 | 2021-60500577 |
| 31-12-2019 | abbreviated format | 30-09-2020 | 2020-58300581 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300271 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-60800238 |
| 31-12-2016 | micro format | 14-06-2017 | 2017-17700208 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SOBRY Nikolaas |
|
Owners and capital
Capital and shareholders
- 27-10-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- Anabel EnergysubsidiaryEquity -€613Result -€65,35150.29%
- Equity €96,962Result -€118,53819.26%
According to the 2025 annual accounts of Missing Link Group and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-10
Gazette deed
Resignation: SOBRY Nikolaas (manager)Appointment: SOBRY Nikolaas (director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, 24-10-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer, rendre ces fonds disponibles pour distribution” (deed in French)
- Capital
- Power of attorney, Pamela Carrette
- Director resignation, SOBRY Nikolaas (manager)
- Director appointment, SOBRY Nikolaas (director (not named in the articles))
- Director discharge, SOBRY Nikolaas
- Registered office clause, “Avenue Paul de Merten 48,1090 Jette, SIXIEME RÉSOLUTION” (deed in French)
- Other provision, “unanimité votes, toutes prises à unanimité des voix” (deed in French)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21464D0172/00R002 | Brussels | 174 m² | 1 · 65 m² | 11.9 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Captage,traitement et distribution d'eau(y compris irrigation); Collecte(y compris pompage)et traitement des eaux usées(y compris eaux de…” (deed in French)
5 activities (deed in French)
- Captage,traitement et distribution d'eau(y compris irrigation)
- Collecte(y compris pompage)et traitement des eaux usées(y compris eaux de pluie)
- Prospection et commerce au sens large(y compris import et export)
- Vente de bière
- Activités liées aux sports de combat et arts martiaux(y compris karate,wingtsun,kung fu)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Missing Link Group
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Article2” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Assemblée fixe nombre, durée et pouvoirs en cas de pluralité, 1” (deed in French)“Fixe ou proportionnelle, rémunération des administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Article8, registre des actions nominatives avec mentions CSA” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Courrier électronique,ou courrier ordinaire même jour si pas d’adresse électronique, Article7” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 16:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, dissolution pour quelque cause et à quelque moment” (deed in French)