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XLINK

Active
Private limited company (pre-2019)founded 200817 yrs activeLouizalaan 523, 1050 Elsene, BelgiumKBO/BCE: BE 0807.795.511

XLINK has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €112k and a net result of €14k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 9520 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
45 / 100
Fair▼ -31 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-36
Solvency21▼-5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.94 against 1.12 in 2023), and 83.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 17 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9520 sector peers (2024).
NBB · sector comparison
Position among 9520 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
394 d late
2022
717 d late
2021
1065 d late
2020
61 d late
2019
91 d late
← before the deadline after the 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

Financials · fiscal year 2024, micro schema

Equity
€112k▼ 14.1%
2023 · €130k
2018: €21k 2019: €44k 2020: €67k 2021: €80k 2022: €90k 2023: €130k
2018 → 2024
Total assets
€664k▼ 11.9%
2023 · €753k
2018: €732k 2019: €741k 2020: €730k 2021: €700k 2022: €745k 2023: €753k
2018 → 2024
Net result
€14k▼ 64.3%
2023 · €40k
2018: €-37k 2019: €23k 2020: €22k 2021: €14k 2022: €10k 2023: €40k
2018 → 2024
Working capital
€-9k
2023 · €21k
2018: €13k 2019: €-13k 2020: €8k 2021: €9k 2022: €-4k 2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€67k-€80k▲ 20.4%€90k▲ 12.2%€130k▲ 44.4%€112k▼ 14.1%
Operating result€67k-€59k▼ 11.0%€60k▲ 1.6%€105k▲ 74.1%€40k▼ 61.6%
Net result€22k-€14k▼ 39.1%€10k▼ 28.1%€40k▲ 309%€14k▼ 64.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100kOperating result 2020: €67k€67kNet result 2020: €22k€22kOperating result 2021: €59k€59kNet result 2021: €14k€14kOperating result 2022: €60k€60kNet result 2022: €10k€10kOperating result 2023: €105k€105kNet result 2023: €40k€40kOperating result 2024: €40k€40kNet result 2024: €14k€14k20202021202220232024
The operating result falls in 2024; 2024 is 62% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €664k
Fixed assets €527k▼ 6.2%
Current assets €137k▼ 28.5%
Equity and liabilities €664k
Equity €112k▼ 14.1%
Provisions €99k=
Debt €453k▼ 13.5%
The debt ratio falls from 69.6% to 68.3%: debt falls faster than equity shrinks.
Key figures and ratios
2024 value · change against 2023
EBITDA
€78k
2023 · €142k
Cash flow
€52k
2023 · €77k
Solvency
16.9%
2023 · 17.3%
Current ratio
0.94
2023 · 1.12
Quick ratio
0.94
2023 · 1.12
Debt / equity
4.05
2023 · 4.02
ROE
12.8%
2023 · 30.7%
ROA
2.2%
2023 · 5.3%
Interest coverage
3.55
2023 · 6.12
Debt
€453k
2023 · €524k
Debt ≤ 1 year
€146k
2023 · €170k
Debt > 1 year
€307k
2023 · €354k
Income taxes
€6k
2023 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€753k€664k
Fixed assets21/28€562k€527k
Tangible fixed assets22/27€562k€527k
Land and buildings22€537k€510k
Plant, machinery and equipment23€4k€2k
Furniture and vehicles24€20k€14k
Financial fixed assets28€100€100=
Current assets29/58€191k€137k
Amounts receivable within one year40/41€135k€114k
Trade receivables40€80k€84k
Other amounts receivable41€54k€30k
Cash at bank and in hand54/58€55k€23k
Deferred charges and accrued income490/1€1k€378
Equity and liabilities
Total equity and liabilities10/49€753k€664k
Equity10/15€130k€112k
Contributions10/11€6k€6k=
Reserves13€75k€56k
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€69k€50k
Profit (loss) carried forward14€49k€50k
Provisions and deferred taxes16€99k€99k=
Provisions for liabilities and charges160/5€99k€99k=
Other liabilities and charges164/5€99k€99k=
Amounts payable17/49€524k€453k
Amounts payable after more than one year17€354k€307k
Financial debts170/4€354k€307k
Amounts payable within one year42/48€170k€146k
Current portion of amounts payable after more than one year42€44k€47k
Trade debts44€32k€35k
Suppliers440/4€32k€35k
Taxes, remuneration and social security45€94k€64k
Taxes450/3€94k€64k
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€38k
Other operating charges640/8€2k€200
Gross operating margin9900€144k€78k
Operating profit (loss)9901€105k€40k
Financial income75/76B€2k€2k
Recurring financial income75€2k€2k
Financial charges65/66B€23k€22k
Recurring financial charges65€23k€22k
Profit (loss) for the period before taxes9903€84k€21k
Income taxes67/77€44k€6k
Profit (loss) for the period9904€40k€14k
Profit (loss) for the period to be appropriated9905€40k€14k
Appropriation of the result
Profit (loss) to be appropriated9906€85k€63k
Profit (loss) brought forward from the previous period14P€45k€49k
Transfer from equity791/2-€33k
Transfer to equity691/2€36k€14k
To other reserves6921€36k€14k
Profit to be distributed694/7-€33k
Return on contributions (dividend)694-€33k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 394 days late
17-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 717 days late
30-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 1065 days late
2023
31-12
Financial Highest result since 2018net €40k ▲309%
Operating result €105k, net result €40k, both a record.
31-12
Financial Equity above €100kEq €130k ▲44.4%
5 profitable years in a row build equity to €130k.
2021
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial Back to profitnet €23k
Net result €23k after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
22-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
28-09
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
07-04-2023 Resigned as Manager
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2008
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Louizalaan 5231050 Elsene
Ground area
4,571 m²
Building footprint
2,888 m²
Volume, LiDAR
61,525 m³
2 parcels, Brussels · tallest building 45.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 475, 1050 Brussel
General electrical installation work
since 20082.174.502.943
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21822R0226/00W011 Brussels 3,529 m² 1 · 1,878 m² 38.1 m · 7 fl.
21822R0224/00B008 Brussels 1,042 m² 1 · 1,010 m² 45.5 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 4,556 companies in sector 82300 we hold annual accounts for 1,662. 1,304 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded17-11-2008
Fiscal year end31-12
Activities, NACEBEL
82300Organisation of conventions and trade shows
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

3 entries
E-mail:eric.delmet@skynet.be
Establishment Brussel 2.174.502.943
Phone:027630528
Establishment Brussel 2.174.502.943
Fax:02/6263700
Establishment Brussel 2.174.502.943