LINK SAT TELECOM
ActiveSummary
LINK SAT TELECOM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €5k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+2
Solvency79▲+13
Growth44=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 1.91 in 2024; short-term debt: 35% and cash: 1.1% of total assets), and 45.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
41 d early
2022
2 d late
2021
15 d late
2020
30 d late
2019
20 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€159k▼ 2.3%
2019 · €162k
2019: €162k
2019 → 2020
EBIT margin
2.9%▼ 7.3pp
2019 · 10.2%
2019: 10.2%
2019 → 2020
Net result
€5k▲ 15.5%
2024 · €4k
2019: €12k
2020: €3k
2021: €39k
2022: €15k
2023: €2k
2024: €4k
2019 → 2025
Working capital
€65k▲ 16.0%
2024 · €56k
2019: €30k
2020: €34k
2021: €39k
2022: €48k
2023: €47k
2024: €56k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€51k▲ 17.6%€58k▲ 13.3%€62k▲ 7.5%€67k▲ 8.1%
Operating result€40k-€17k▼ 57.5%€6k▼ 62.4%€11k▲ 66.5%€13k▲ 18.1%
Net result€39k-€15k▼ 61.1%€2k▼ 89.2%€4k▲ 164%€5k▲ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€16k ▼ 52.0%
Current assets
€108k ▼ 7.6%
Equity and liabilities €123k
Equity
€67k ▲ 8.1%
Debt
€57k ▼ 35.2%
Debt's share of the balance-sheet total falls from 58.6% to 45.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▼
2024 · €31k
Cash flow
€22k▼
2024 · €24k
Current ratio
2.50▲
2024 · 1.91
Debt to equity
0.85▼
2024 · 1.41
ROE
7.5%▲
2024 · 7.0%
ROA
4.0%▲
2024 · 2.9%
Interest coverage
13.86▲
2024 · 10.55
Debt ≤ 1 year
€43k▼
2024 · €61k
Debt > 1 year
€13k▼
2024 · €26k
Income taxes
€8k▲
2024 · €4k
Staff costs
€98k▲
2024 · €91k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€149k€123k▼
Fixed assets21/28€33k€16k▼
Tangible fixed assets22/27€33k€16k▼
Plant, machinery and equipment23€539€93▼
Furniture and vehicles24€29k€15k▼
Leasing and similar rights25€3k-
Financial fixed assets28€93€93=
Current assets29/58€117k€108k▼
Amounts receivable within one year40/41€105k€106k▲
Trade receivables40€77k€48k▼
Other amounts receivable41€27k€57k▲
Cash at bank and in hand54/58€12k€1k▼
Deferred charges and accrued income490/1€56€841▲
Equity and liabilities
Total equity and liabilities10/49€149k€123k▼
Equity10/15€62k€67k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€41k€46k▲
Amounts payable17/49€87k€57k▼
Amounts payable after more than one year17€26k€13k▼
Financial debts170/4€26k€13k▼
Amounts payable within one year42/48€61k€43k▼
Current portion of amounts payable after more than one year42€15k€13k▼
Trade debts44€24k€13k▼
Suppliers440/4€24k€13k▼
Taxes, remuneration and social security45€22k€17k▼
Taxes450/3€6k€10k▲
Remuneration and social security454/9€16k€7k▼
Income statement
Code20242025
Remuneration, social security and pensions62€91k€98k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€17k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€123k€130k▲
Operating profit (loss)9901€11k€13k▲
Financial income75/76B€706€2k▲
Recurring financial income75€706€2k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€8k€13k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€4k€5k▲
Profit (loss) for the period to be appropriated9905€4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€46k▲
Profit (loss) brought forward from the previous period14P€37k€41k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €2k ▼89.2%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
31-03
Financial
Highest result since 2019net €39k ▲1403%
Operating result €40k, net result €39k, both a record.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2016
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.
Zwijnaardsesteenweg 449000 GentGround area
569 m²
Building footprint
270 m²
Volume, LiDAR
2,430 m³
2 parcels, Flanders, Wallonia · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LINK SAT TELECOM
since 20162.258.396.956
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772G0163/00B002 | Wallonia | 356 m² | 1 · 67 m² | 12.6 m · 4 fl. |
| 44808H0052/00R006 | Flanders | 214 m² | 1 · 202 m² | 11.8 m · 3 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
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BE 0788.431.539
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BE 0777.523.294
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NetworKing
BE 0760.963.416
Vosselaar · Eq €66,216
YPSILON
BE 0779.356.891
Temse · Eq €66,162
Ozen's
BE 0750.513.447
Zele · Eq €67,632
Of 1,825 companies in sector 42220 we hold annual accounts for 958. 697 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2016
Fiscal year end31-03
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43240Other construction installation
41003General construction of other non-residential buildings
61200Telecommunications resale and intermediation services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.