Netlink.be
ActiveSummary
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 7,408 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
- Staff
- 11.9 FTE
- Equity
- €79,880
- Loss
- -€6,912
- Largest shareholder
- W&M MANAGEMENT · 10%
- Pijken AasDirector · permanent representative Dommekragt Stéphanie
- ArlugaDirector · permanent representative Gaëlle Van Hecke
- IKASODirector · permanent representative Geert Verstraete
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
About 5 in 100 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 43, small): better than 6% on solvency, 24% on liquidity, 14% on profitability and 18% on growth.
The bankruptcy probability was computed on 22-10-2026 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 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)
- Appointments: Arluga BV (director) and Ikaso…Permanent representatives: Gaëlle Van Hecke…
- MiscellaneousAuditor report · Capital increase…
- Amendment of the articles · MiscellaneousPower of attorney
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 23 October 2026.
2023 to 2024, 2 financial years
The operating result falls in 2024; 2024 is 46% below 2023.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96.6% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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% | 1.0% |
| 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 865 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €2,620 | - |
| Remuneration, social security and pensions62 | €392,138 | €736,291 | ▲ 87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,687 | €90,593 | ▲ 98.3% |
| Other operating charges640/8 | €1,656 | €1,805 | ▲ 9.0% |
| Non-recurring operating charges66A | - | €11,906 | - |
| Gross operating margin9900 | €569,829 | €911,475 | ▲ 60.0% |
| Operating profit (loss)9901 | €130,348 | €70,880 | ▼ 45.6% |
| Financial income75/76B | €498 | €9 | ▼ 98.3% |
| Recurring financial income75 | €498 | €9 | ▼ 98.3% |
| Financial charges65/66B | €44,055 | €72,203 | ▲ 63.9% |
| Recurring financial charges65 | €44,055 | €72,203 | ▲ 63.9% |
| Profit (loss) for the period before taxes9903 | €86,791 | -€1,314 | - |
| Income taxes67/77 | €24,998 | €5,598 | ▼ 77.6% |
| Profit (loss) for the period9904 | €61,793 | -€6,912 | - |
| Profit (loss) for the period to be appropriated9905 | €61,793 | -€6,912 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.8m | €1.8m | ▼ 0.5% |
| Fixed assets21/28 | €0.6m | €0.5m | ▼ 10.9% |
| Intangible fixed assets21 | €0.5m | €0.4m | ▼ 10.0% |
| Tangible fixed assets22/27 | €0.1m | €0.08m | ▼ 17.0% |
| Plant, machinery and equipment23 | €0.08m | €0.07m | ▼ 9.9% |
| Furniture and vehicles24 | €0.02m | €0.009m | ▼ 48.3% |
| Financial fixed assets28 | €0.01m | €0.01m | = |
| Current assets29/58 | €1.2m | €1.2m | ▲ 4.7% |
| Stocks and contracts in progress3 | €0.1m | €0.4m | ▲ 234% |
| Stocks30/36 | €0.1m | €0.1m | ▲ 5.7% |
| Contracts in progress37 | - | €0.3m | - |
| Amounts receivable within one year40/41 | €0.9m | €0.7m | ▼ 16.7% |
| Trade receivables40 | €0.8m | €0.6m | ▼ 24.3% |
| Other amounts receivable41 | €0.04m | €0.1m | ▲ 132% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | ▼ 39.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.8m | €1.8m | ▼ 0.5% |
| Equity10/15 | €0.09m | €0.08m | ▼ 8.0% |
| Contributions10/11 | €0.03m | €0.03m | = |
| Reserves13 | €0.06m | €0.05m | ▼ 11.4% |
| Distributable reserves133 | €0.06m | €0.05m | ▼ 11.4% |
| Profit (loss) carried forward14 | €293 | €380 | ▲ 29.9% |
| Amounts payable17/49 | €1.7m | €1.7m | ▼ 0.1% |
| Amounts payable after more than one year17 | €0.7m | €0.7m | ▲ 2.9% |
| Financial debts170/4 | €0.7m | €0.7m | ▲ 2.9% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | €0.08m | €0.08m | ▲ 4.2% |
| Financial debts43 | €0.2m | €0.2m | = |
| Credit institutions430/8 | €0.2m | €0.2m | = |
| Trade debts44 | €0.6m | €0.6m | ▼ 5.5% |
| Suppliers440/4 | €0.6m | €0.6m | ▼ 5.5% |
| Taxes, remuneration and social security45 | €0.1m | €0.1m | ▲ 5.2% |
| Taxes450/3 | €0.03m | €0.03m | ▲ 8.1% |
| Remuneration and social security454/9 | €0.06m | €0.07m | ▲ 3.8% |
| Other amounts payable47/48 | - | €0.001m | - |
| Accrued charges and deferred income492/3 | €0.004m | €0.008m | ▲ 112% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €61,793 | -€6,912 | - |
| + Depreciation and write-downs630 | €45,687 | €90,593 | ▲ 98.3% |
| Operating cash flow (approximation) | €107,480 | €83,680 | ▼ 22.1% |
| Investment in fixed assets (approximation) | - | -€26,760 | - |
| Change in cash | - | -€75,412 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00445371 |
| 31-12-2023 | abbreviated format | 21-06-2024 | 2024-00147486 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €3,333 awarded · €3,155 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,126 | €992 |
| 2024 | 1 | €651 | €460 |
| 2023 | 1 | €1,556 | €1,703 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Pijken Aas |
|
| Arluga |
|
| IKASO |
|
Owners and capital
Owners
1 ownerOwners 1
-
10%
Sources: the companies' annual accounts, 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.
Capital and shareholders
- 13-07-2026 Capital increase of €300,000 · 30,000 new shares · in kind
- 13-07-2026 Capital increase of €310,000
Group and network
Connections & network
3 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
08-10
Gazette deed
Appointments: Arluga BV (director) and Ikaso NV (director)Permanent representatives: Gaëlle Van Hecke, Geert Verstraete and Van de Walle Wim6 facts ▸
- General meeting, 10-07-2026
- Director appointment, Arluga BV (director)
- Permanent representative, Gaëlle Van Hecke
- Director appointment, Ikaso NV (director)
- Permanent representative, Geert Verstraete
- Permanent representative, Van de Walle Wim
13-07
Gazette deed
MiscellaneousAuditor report · Capital increase · Amendment of the articles12 facts ▸
- General meeting, 29-06-2026
- Other provision, 29-06-2026 (2 times)
- Auditor report, “Norm inzake de opdracht van de bedrijfsrevisor in het kader van inbreng in natura en quasi-inbreng van het Instituut van de Bedrijfsrevisoren, 23 juni” (deed in Dutch)
- Other provision, “kennisname verslagen voorafgaand aan beslissing tot verhoging eigen vermogen, geen opmerkingen” (deed in Dutch)
- Capital increase, €300,000
- Auditor report, “Norm inzake de opdracht van de bedrijfsrevisor in het kader van inbreng in natura en quasi-inbreng van het Instituut van de Bedrijfsrevisoren, artikel 5:133 en…” (deed in Dutch)
- Other provision, “vergadering, kennisname verslagen tweede verhoging eigen vermogen” (deed in Dutch)
- Capital increase, €310,000
- Other provision, “vaststelling verwezenlijking verhoging eigen vermogen”, 133250 (deed in Dutch)
- Amendment of the articles
- Power of attorney
- Power of attorney, Pieterjan DE MULDER
09-01
Gazette deed
Amendment of the articles · MiscellaneousPower of attorney4 facts ▸
- General meeting, 24-12-2025
- Other provision, “verlenging lopend boekjaar, TWEEDE BESLISSING” (deed in Dutch)
- Power of attorney
- Power of attorney, Pieterjan DE MULDER
05-11
Gazette deed
Appointment: Pijken Aas VOF (director)Permanent representatives: Dommekragt Stéphanie and Van de Walle Wim4 facts ▸
- General meeting, 02-08-2024
- Director appointment, Pijken Aas VOF (director)
- Permanent representative, Dommekragt Stéphanie
- Permanent representative, Van de Walle Wim
16-05
Gazette deed
Registered office · Amendment of the articles · Name · MiscellaneousName change · Registered-office move · Power of attorney5 facts ▸
- General meeting, 03-05-2024
- Name change, Netlink.be
- Registered-office move, 9000 Gent,Proeftuinstraat 8
- Power of attorney
- Power of attorney, Pieterjan DE MULDER
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 5 have 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 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0802.560.281
Recognitions · licences · registrations
Recognised contractor
1 category- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 3, up to €600,000
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 |
|---|---|---|---|---|
| 44808H0393/00X002 | Flanders | 385 m² | 1 · 256 m² | - |
How the parcels are linked
Articles of association
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 July to 30 June
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of December at 18:00
Read from the deeds: 2 provisions, deed of 09-01-2026