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Netlink.be

Active
Private limited companyfounded 2023active for 3 yearsProeftuinstraat 8, 9000 Gent, BelgiumKBO/BCE: BE 0802.560.281
Summary

The computed 12-month bankruptcy probability of Netlink.be is 4.9% (elevated). The 2024 annual accounts show equity of €79,880 and a net result of -€6,912. Its solvency ranks better than 8% of 7,409 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€1.8mtotal assets 2024
Staff
11.9 FTE
Equity
€79,880
Loss
-€6,912
Turnover not published (abbreviated format)
Financial health
35 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.9%
Structure
Largest shareholder
W&M MANAGEMENT · 10%
  • ArlugaDirector · permanent representative Gaëlle Van Hecke
  • IKASODirector · permanent representative Geert Verstraete
Accounts 81 days overdue5 of 6 deeds read
Why 35raises riskFigures for financial year 2024 (filed 29-08-2025)1 financial year not filed after the legal deadline; latest accounts 29 days lateSize: 11.9 FTE, total assets €1.8mFounded in 2023Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 16% of its sector peers (NACE 43, small)
Financial strength · tick = 2023
Weak
Solvency 30=
equity 4.5% of total assets
Liquidity 30-5
short-term debt 54.9% · cash 6.6%
Profitability 37-19
return on assets -0.4%
Bankruptcy probability, 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,650 companies, NACE 43, small)
Last 24 months 11-2024: 3.5% 12-2024: 3.6%▲ +0.1 percentage points vs 11-2024 01-2025: 3.7%▲ +0.1 percentage points vs 12-2024 02-2025: 3.7%● unchanged vs 01-2025 03-2025: 3.7%● unchanged vs 02-2025 04-2025: 4.4%▲ +0.7 percentage points vs 03-2025 05-2025: 5.2%▲ +0.8 percentage points vs 04-2025 06-2025: 5.4%▲ +0.2 percentage points vs 05-2025 07-2025: 5.8%▲ +0.4 percentage points vs 06-2025 08-2025: 6.7%▲ +0.9 percentage points vs 07-2025highest value 09-2025: 3.6%▼ -3.1 percentage points vs 08-2025 10-2025: 3.6%● unchanged vs 09-2025 11-2025: 3.6%● unchanged vs 10-2025 12-2025: 3.6%● unchanged vs 11-2025 01-2026: 3.5%▼ -0.1 percentage points vs 12-2025 02-2026: 3.5%● unchanged vs 01-2026 03-2026: 3.3%▼ -0.2 percentage points vs 02-2026 04-2026: 4.0%▲ +0.7 percentage points vs 03-2026 05-2026: 4.7%▲ +0.7 percentage points vs 04-2026 06-2026: 2.4%▼ -2.3 percentage points vs 05-2026lowest value 07-2026: 2.6%▲ +0.2 percentage points vs 06-2026 08-2026: 3.3%▲ +0.7 percentage points vs 07-2026 09-2026: 3.6%▲ +0.3 percentage points vs 08-2026 10-2026: 4.9%▲ +1.3 percentage points vs 09-2026
Credit of up to €2,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.28, compared with 1.19 in 2023, below the usual 1.5; short-term debt: 54.9% and cash: 6.6% of total assets), and 95.5% of the assets are financed with debt and provisions.
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 43, small): better than 6% on solvency, 24% on liquidity, 14% on profitability and 19% on growth.

The bankruptcy probability was computed on 19-10-2026 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

Seven signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 29-08-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 29 days late
NBB · filings
raises risk · Size: 11.9 FTE, total assets €1.8m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7409 sector peers (2024).
NBB · sector comparison
Position among 7409 sector peers
Solvency
better than 8%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 81 days later.
NBB · 2 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline20-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
29 days late
2023
40 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 6 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Appointments: Arluga BV (director) and Ikaso…Permanent representatives: Gaëlle Van Hecke…
  2. MiscellaneousAuditor report · Capital increase…
  3. Amendment of the articles · MiscellaneousPower of attorney

Key points

  • Caution: From profit to loss in 2024after €61,793 in 2023 -€6,912 View
  • Caution: Among the weakest 8% on solvencysector median 43.5% · 7,409 companies 4.5% View
  • Caution: Accounts not fileddeadline was 31-07-2026 81 days late View
  • New directorslatest change 10-07-2026 · 2 in office 2 joined View

By topic

Financials

Financial year
2024
Total assets
€1.8m
Loss
-€6,912
Solvency
4.5%
Total assets▼ 0.5%
Net result
20232024
Go to Financials

Board & ownership

Board
2 members
Largest shareholder
W&M MANAGEMENT · 10%
  • ArlugaDirector
  • IKASODirector
Go to Board & ownership

Timeline

Events
7
Since
2024
  1. 29-08-2025Annual accounts filed
  2. 05-11-2024Appointment: Pijken Aas VOF (director)
  3. 21-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
09-06-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Financial year
From 1 July to 30 June
Annual meeting
Last Friday of December at 18:00
Go to Articles of association

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