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Reddlink

Active
Private limited companyfounded 20179 yrs activeMoerkerkesteenweg 47, 8340 Damme, BelgiumKBO/BCE: BE 0676.461.568
Summary

Reddlink has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,060) and a net result of €134. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability48▲+48
Solvency2▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21; short-term debt: 123.2% and cash: 16.8% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-23.2%
Return on assets
1.5%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 11502 sector peers (2025).
NBB · sector comparison
Position among 11502 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 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 · 7 filings
Deviation from the deadline
2025
27 d late
2024
3 d early
2023
13 d late
2022
on the day
2021
2 d late
2020
8 d early
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 2 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Reddlink was incorporated on 31 May 2017.1 Total assets fell from EUR 11,584 in 2019 to EUR 8,863 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€2,060▲ 71.9%
2024 · -€7,335
Total assets
€8,863▲ 1,949%
2024 · €432
Net result
€134
2024 · -€16,916
Working capital
-€8,658▼ 18.0%
2024 · -€7,335
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€3,916▼ 32.1%€464▼ 88.1%-€3,830-€16,681▼ 336%€216
Net result€2,813below the sector's middle half▼ 29.2%€353below the sector's middle half▼ 87.4%-€3,898below the sector's middle half-€16,916below the sector's middle half▼ 334%€134within the sector's middle half
Equity€13,126below the sector's middle half▲ 27.3%€13,479below the sector's middle half▲ 2.7%€9,581below the sector's middle half▼ 28.9%-€7,335below the sector's middle half-€2,060below the sector's middle half▲ 71.9%
Total assets€27,239below the sector's middle half▲ 56.1%€24,344below the sector's middle half▼ 10.6%€19,708below the sector's middle half▼ 19.0%€432below the sector's middle half▼ 97.8%€8,863below the sector's middle half▲ 1,949%
Debt€14,113▲ 97.8%€10,865▼ 23.0%€10,127▼ 6.8%€7,768▼ 23.3%€10,923▲ 40.6%
Working capital€13,126below the sector's middle half▲ 27.3%€13,479below the sector's middle half▲ 2.7%€9,581below the sector's middle half▼ 28.9%-€7,335below the sector's middle half-€8,658below the sector's middle half▼ 18.0%
Solvency48.2%within the sector's middle half▼ 10.9pp55.4%within the sector's middle half▲ 7.2pp48.6%within the sector's middle half▼ 6.8pp-23.2%below the sector's middle half
Current ratio1.93within the sector's middle half▼ 0.522.24within the sector's middle half▲ 0.311.95within the sector's middle half▼ 0.290.21below the sector's middle half
Return on assets (ROA)10.3%within the sector's middle half▼ 12.4pp1.5%within the sector's middle half▼ 8.9pp-19.8%below the sector's middle half▼ 21.2pp1.5%within the sector's middle half
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0Operating result 2021: €3,916€3,916Net result 2021: €2,813€2,813Operating result 2022: €464€464Net result 2022: €353€353Operating result 2023: -€3,830-€3,830Net result 2023: -€3,898-€3,898Operating result 2024: -€16,681-€16,681Net result 2024: -€16,916-€16,916Operating result 2025: €216€216Net result 2025: €134€13420212022202320242025-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€3,830-€3,830Net result 2023: -€3,898-€3,900Operating result 2024: -€16,681-€16,700Net result 2024: -€16,916-€16,900Operating result 2025: €216€216Net result 2025: €134€134202320242025
The operating result returns to profit in 2025: €216 after a loss of €16,681 in 2024.
Balance-sheet composition
Assets €8,863
Fixed assets €6,597
Current assets €2,265
Key figures and ratios
2025 value · change against 2024
EBITDA
€269
Cash flow
€187
Debt to equity
-5.30
Interest coverage
3.25
Debt ≤ 1 year
€10,923▲
2024 · €7,768
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 907 companies that looked in July 2024 the way this one looks now, 6.0% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
6.0% went bankrupt
3.7% stopped otherwise
89% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 907 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€432€8,863▲
Fixed assets21/28-€6,597
Intangible fixed assets21-€6,597
Current assets29/58€432€2,265▲
Amounts receivable within one year40/41€406€781▲
Trade receivables40-€399
Other amounts receivable41€406€381▼
Cash at bank and in hand54/58€26€1,485▲
Equity and liabilities
Total equity and liabilities10/49€432€8,863▲
Equity10/15-€7,335-€2,060▲
Contributions10/11€6,200€11,341▲
Reserves13€20€20=
Non-distributable reserves130/1€20€20=
Reserves not available under the articles1311€20-
Other1319-€20
Profit (loss) carried forward14-€13,555-€13,421▲
Amounts payable17/49€7,768€10,923▲
Amounts payable within one year42/48€7,768€10,923▲
Trade debts44€1,672€380▼
Suppliers440/4€1,672€380▼
Taxes, remuneration and social security45€954€0▼
Taxes450/3€954€0▼
Other amounts payable47/48€5,141€10,543▲
Income statement Code20242025
Non-recurring operating income76A-€4,815
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€53
Other operating charges640/8€664€387▼
Non-recurring operating charges66A€9,987€0▼
Gross operating margin9900-€6,030€656▲
Operating profit (loss)9901-€16,681€216▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€235€83▼
Recurring financial charges65€235€83▼
Profit (loss) for the period before taxes9903-€16,916€134▲
Profit (loss) for the period9904-€16,916€134▲
Profit (loss) for the period to be appropriated9905-€16,916€134▲
Appropriation of the result
Profit (loss) to be appropriated9906-€13,555-€13,421▲
Profit (loss) brought forward from the previous period14P€3,361-€13,555▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A----€4,815-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€53-
Other operating charges640/8-€459€460€664€387▼ 41.7%
Non-recurring operating charges66A---€9,987€0▼ 100%
Gross operating margin9900€4,373€923-€3,370-€6,030€656▲ 111%
Operating profit (loss)9901€3,916€464-€3,830-€16,681€216▲ 101%
Financial income75/76B-€146--€1-
Recurring financial income75€37€146--€1-
Financial charges65/66B-€66€68€235€83▼ 64.8%
Recurring financial charges65€186€66€68€235€83▼ 64.8%
Profit (loss) for the period before taxes9903€3,767€544-€3,898-€16,916€134▲ 101%
Income taxes67/77€954€191----
Profit (loss) for the period9904€2,813€353-€3,898-€16,916€134▲ 101%
Profit (loss) for the period to be appropriated9905€2,813€353-€3,898-€16,916€134▲ 101%
Line20212022202320242025Change
Assets
Total assets20/58€27,239€24,344€19,708€432€8,863▲ 1,949%
Fixed assets21/28----€6,597-
Intangible fixed assets21----€6,597-
Current assets29/58€27,239€24,344€19,708€432€2,265▲ 424%
Stocks and contracts in progress3€1,161€2,810€3,300---
Stocks30/36-€2,810€3,300---
Amounts receivable within one year40/41€696€4,500€3,569€406€781▲ 92.1%
Trade receivables40-€4,500€3,569-€399-
Other amounts receivable41---€406€381▼ 6.2%
Cash at bank and in hand54/58€25,349€17,034€12,839€26€1,485▲ 5,610%
Equity and liabilities
Total equity and liabilities10/49€27,239€24,344€19,708€432€8,863▲ 1,949%
Equity10/15€13,126€13,479€9,581-€7,335-€2,060▲ 71.9%
Contributions10/11-€6,200€6,200€6,200€11,341▲ 82.9%
Reserves13€20€20€20€20€20=
Non-distributable reserves130/1-€20€20€20€20=
Reserves not available under the articles1311-€20€20€20--
Other1319----€20-
Profit (loss) carried forward14€6,906€7,259€3,361-€13,555-€13,421▲ 1.0%
Amounts payable17/49€14,113€10,865€10,127€7,768€10,923▲ 40.6%
Amounts payable within one year42/48€14,113€10,865€10,127€7,768€10,923▲ 40.6%
Trade debts44€2,558€144€3,428€1,672€380▼ 77.3%
Suppliers440/4-€144€3,428€1,672€380▼ 77.3%
Taxes, remuneration and social security45-€208€276€954€0▼ 100%
Taxes450/3-€208€276€954€0▼ 100%
Other amounts payable47/48-€10,514€6,424€5,141€10,543▲ 105%
Line20212022202320242025Change
Profit (loss) for the period9904€2,813€353-€3,898-€16,916€134▲ 101%
+ Depreciation and write-downs630----€53-
Operating cash flow (approximation)€2,813€353-€3,898-€16,916€187▲ 101%
Change in cash--€8,315-€4,195-€12,813€1,459▲ 111%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
27-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
31-03
Financial Back to profitnet €134
Net result €134 after 2 loss-making years.
2024
28-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial Weakest financial yearnet -€16,916
Net result drops to -€16,916, the lowest in the series; recovery starts the following year.
2023
13-11
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 13 days late
2022
31-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
02-11
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2020
23-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial Highest result since 2019net €3,973 ▲2,728%
Operating result €5,765, net result €3,973, both a record.
2019
30-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
7 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, Damme · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
2,839 m²
Building footprint
256 m²
Volume, LiDAR
1,572 m³
Parcel 31432A0378/00L000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Aimfresh BE
Moerkerkesteenweg 47, 8340 DammeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20172.264.862.502
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31432A0378/00L000 Flanders 2,839 m² 1 · 256 m² 6.9 m · 2 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.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,567 companies in sector 46900 we hold annual accounts for 920. 244 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
Founded31-05-2017
Fiscal year end31-03
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
16240Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
17210Manufacture of paper and paper products
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID 0208:0676461568
Registered 21-07-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.