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PROLINK

Active
Private limited companyfounded 2023active for 3 yearsGiervalkenlaan 10, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 1001.137.691

Financials · financial year 2024, micro format

2024 annual accounts filed 193 days after the deadline Filed on 9 February 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00037147.

Annual accounts 2024 filed on 09-02-2026 PDF

Equity
-€22,793
Total assets
€6,774
Net result
-€25,054
Working capital
-€22,793

Turnover and EBIT margin are not published. The micro format does not require them.

Key figures and ratios
2024 value
Solvency
-336.5%
Current ratio
0.23
ROA
-369.8%
Debt
€29,567
Debt ≤ 1 year
€29,567
Income taxes
€0
Staff costs
€15,325
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 29 lines
Balance sheet Code2024
Assets
Total assets20/58€6,774
Current assets29/58€6,774
Amounts receivable within one year40/41€2,229
Trade receivables40€2,229
Cash at bank and in hand54/58€4,545
Equity and liabilities
Total equity and liabilities10/49€6,774
Equity10/15-€22,793
Contributions10/11€2,261
Capital10€2,261
Issued capital100€2,261
Profit (loss) carried forward14-€25,054
Amounts payable17/49€29,567
Amounts payable within one year42/48€29,567
Trade debts44€21,524
Suppliers440/4€21,524
Taxes, remuneration and social security45€2,844
Taxes450/3€2,844
Other amounts payable47/48€5,199
Income statement Code2024
Remuneration, social security and pensions62€15,325
Other operating charges640/8€146
Gross operating margin9900-€9,233
Operating profit (loss)9901-€24,704
Financial charges65/66B€350
Recurring financial charges65€350
Profit (loss) for the period before taxes9903-€25,054
Income taxes67/77€0
Profit (loss) for the period9904-€25,054
Profit (loss) for the period to be appropriated9905-€25,054
Appropriation of the result
Profit (loss) to be appropriated9906-€25,054

Source: Annual accounts 2024 (PDF), filed on 09-02-2026.

Line2024
Remuneration, social security and pensions62€15,325
Other operating charges640/8€146
Gross operating margin9900-€9,233
Operating profit (loss)9901-€24,704
Financial charges65/66B€350
Recurring financial charges65€350
Profit (loss) for the period before taxes9903-€25,054
Income taxes67/77€0
Profit (loss) for the period9904-€25,054
Profit (loss) for the period to be appropriated9905-€25,054
Line2024
Assets
Total assets20/58€6,774
Current assets29/58€6,774
Amounts receivable within one year40/41€2,229
Trade receivables40€2,229
Cash at bank and in hand54/58€4,545
Equity and liabilities
Total equity and liabilities10/49€6,774
Equity10/15-€22,793
Contributions10/11€2,261
Capital10€2,261
Issued capital100€2,261
Profit (loss) carried forward14-€25,054
Amounts payable17/49€29,567
Amounts payable within one year42/48€29,567
Trade debts44€21,524
Suppliers440/4€21,524
Taxes, remuneration and social security45€2,844
Taxes450/3€2,844
Other amounts payable47/48€5,199
Line2024
Profit (loss) for the period9904-€25,054
Operating cash flow (approximation)-€25,054

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 7,639 companies had the same profile as PROLINK has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.9% was still going

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of PROLINK itself: 7.2% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 7,639 companies, not a prediction for PROLINK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2024 micro format 09-02-2026 2026-00037147 PDF

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