ACTIVE

DE LINK

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Financial year 2025 · closed on 31/12/2025

Net result

-30,4 k €

-2162.0% YoY

Gross margin

851,2 k €

+1.4% YoY

Equity

428,8 k €

-6.6% YoY

Workforce

11,1 ETP

-4.3% YoY

What does DE LINK do?

DE LINK is a Non-profit organization incorporated in 1999. Its main activity is: Other education n.e.c.. Its registered office is in Bruxelles. It employs on average 11,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.386.490

Incorporation

26/03/1999

Legal form

Non-profit organization

Registered office

Rue Sainte-Catherine 16-18
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

11,1 ETP

Activities (NACE)

85592Other education n.e.c.· main 85592Other education n.e.c.

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	851,2 k €	+1.4%	839,8 k €	+2.3%	820,7 k €	-13.1%	944,7 k €	+3.8%	909,7 k €	+0.5%	905,5 k €	-20.4%	1,1 M €	-7.8%	1,2 M €	-0.7%	1,2 M €	+1.9%	1,2 M €	+8.3%	1,1 M €	-1.6%	1,1 M €	-0.3%	1,1 M €	+17.6%	976,4 k €	+2.8%	949,7 k €	+0.2%	947,9 k €	-1.3%	960,8 k €	+1.9%	942,7 k €	+4.8%	899,8 k €
EBITDA	-19,1 k €	-444%	5,6 k €	-90.8%	60,5 k €	-63.8%	167,1 k €	+63.7%	102 k €	+53.7%	66,4 k €	-56.9%	153,9 k €	+314%	37,2 k €	+133%	-112,8 k €	-1057%	11,8 k €	-81.3%	63 k €	-11.5%	71,1 k €	+108564%	65,5 €	+100%	-69,2 k €	-190%	77,1 k €	+536%	-17,7 k €	-173%	24,2 k €	+389%	-8,4 k €	+31.3%	-12,2 k €
Operating result	-36,4 k €	-236%	-10,8 k €	-133%	33,3 k €	-77.6%	148,8 k €	+56.4%	95,1 k €	+61.2%	59 k €	-59.9%	147,1 k €	+355%	32,3 k €	+127%	-119,3 k €	-3127%	3,9 k €	-92.7%	54 k €	-11.4%	61 k €	+507%	-15 k €	+82.2%	-84,3 k €	-231%	64,3 k €	+422%	-20 k €	-195%	21 k €	+267%	-12,6 k €	+19.7%	-15,7 k €
Net result	-30,4 k €	-2162%	1,5 k €	-96.3%	39,9 k €	-73.0%	147,9 k €	+59.1%	93 k €	+70.4%	54,5 k €	-47.1%	103 k €	+586%	15 k €	+112%	-121,8 k €	-7923%	1,6 k €	-96.8%	48,7 k €	-8.8%	53,4 k €	+286%	-28,7 k €	+60.1%	-71,9 k €	-211%	65 k €	+1396%	4,3 k €	-80.4%	22,2 k €	+5921%	368 €	-24.0%	484,2 €
Balance sheet
Equity	428,8 k €	-6.6%	459,1 k €	-2.4%	470,3 k €	+6.2%	443 k €	+64.1%	269,9 k €	+52.5%	176,9 k €	+44.6%	122,4 k €	+890%	12,4 k €	+567%	-2,6 k €	-102%	119,2 k €	+1.3%	117,6 k €	+85.2%	63,5 k €	+530%	10,1 k €	-74.0%	38,8 k €	-65.0%	110,7 k €	+142%	45,7 k €	+10.5%	41,4 k €	+115%	19,2 k €	+2.0%	18,9 k €
Total assets	633,2 k €	-1.5%	643,1 k €	-6.3%	686,5 k €	-3.4%	710,5 k €	+23.8%	573,7 k €	+11.4%	515 k €	+23.1%	418,3 k €	+9.0%	383,8 k €	-0.7%	386,3 k €	-19.6%	480,2 k €	-15.4%	567,9 k €	-5.6%	601,8 k €	+56.2%	385,2 k €	+6.9%	360,4 k €	-16.4%	431,3 k €	+12.2%	384,5 k €	-0.9%	388 k €	+18.0%	328,8 k €	-25.1%	438,7 k €
Cash	106,4 k €	+65.0%	64,5 k €	-60.3%	162,3 k €	-71.9%	577,7 k €	+30.5%	442,7 k €	+9.9%	402,7 k €	+262%	111,3 k €	+132%	47,9 k €	+52.2%	31,5 k €	-70.8%	107,7 k €	-41.4%	183,9 k €	-6.9%	197,5 k €	+123%	88,7 k €	-47.5%	169,1 k €	-31.8%	248,1 k €	-18.1%	302,9 k €	+1.4%	298,6 k €	+152%	118,3 k €	-63.7%	325,5 k €
Debts	168,9 k €	-3.4%	174,9 k €	-7.1%	188,2 k €	+23.4%	152,6 k €	+9.7%	139 k €	-35.5%	215,7 k €	-22.1%	277 k €	+5.9%	261,7 k €	-28.9%	367,9 k €	+25.6%	292,8 k €	-15.8%	347,7 k €	-32.6%	515,6 k €	+40.4%	367,1 k €	+23.7%	296,8 k €	+61.6%	183,7 k €	-0.6%	184,8 k €	+19.0%	155,3 k €	-44.8%	281,1 k €	-19.4%	348,7 k €
Other
Workforce	11,1 ETP	-4.3%	11,6 ETP	+7.4%	10,8 ETP	-18.2%	13,2 ETP	-13.2%	15,2 ETP	-2.6%	15,6 ETP	-8.2%	17,0 ETP	-19.4%	21,1 ETP	-12.1%	24,0 ETP	+11.1%	21,6 ETP	+11.3%	19,4 ETP	+4.3%	18,6 ETP	-13.1%	21,4 ETP	+3.4%	20,7 ETP	+9.5%	18,9 ETP	-2.1%	19,3 ETP	+10.9%	17,4 ETP	-3.3%	18,0 ETP	-3.7%	18,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 45 ended

Active mandates

Gerda Massenhove

Director · until 01 décembre 2025

Active

Josef Tavernier

Director

Active

Josse Sterckx

Director

Active

Koenraad Buysse

Director

Active

Lutgarde Goossens

Director

Active

Nicole Vanhoucke

Director

Active

Rudy De Cock

Director

Active

Tijs Van Steenberghe

Director

Active

Vicky Brughmans

Director

Active

Ended mandates

Tijs Van Steenberghe

Director · since 27 avril 2021

Ended

Gerda Massenhove

Director · since 24 avril 2020

Ended

Josse Sterckx

Director · since 24 avril 2020

Ended

Vicky Brughmans

Director · since 19 avril 2018

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/05/2026	20/05/2025	13/05/2024	16/05/2023	24/05/2022	26/05/2021
General meeting	20/04/2026	22/04/2025	16/04/2024	18/04/2023	25/04/2022	27/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/04/2026	18/05/2026	Dutch	PDF
Abridged model	31/12/2024	22/04/2025	20/05/2025	Dutch	PDF
Abridged model	31/12/2023	16/04/2024	13/05/2024	Dutch	PDF
Abridged model	31/12/2022	18/04/2023	16/05/2023	Dutch	PDF
Abridged model	31/12/2021	25/04/2022	24/05/2022	Dutch	PDF
Abridged model	31/12/2020	27/04/2021	26/05/2021	Dutch	PDF
Abridged model	31/12/2019	21/04/2020	18/05/2020	Dutch	PDF
Abridged model	31/12/2018	24/04/2019	22/05/2019	Dutch	PDF
Abridged model	31/12/2017	19/04/2018	17/05/2018	Dutch	PDF
Abridged model	31/12/2016	26/04/2017	23/05/2017	Dutch	PDF
Abridged model	31/12/2015	21/04/2016	19/05/2016	Dutch	PDF
Abridged model	31/12/2014	02/04/2015	30/04/2015	Dutch	PDF
Abridged model	31/12/2013	03/04/2014	29/04/2014	Dutch	PDF
Abridged model	31/12/2012	23/04/2013	22/05/2013	Dutch	PDF
Abridged model	31/12/2011	25/04/2012	24/05/2012	Dutch	PDF
Abridged model	31/12/2010	27/04/2011	26/05/2011	Dutch	PDF
Abridged model	31/12/2009	25/03/2010	22/04/2010	Dutch	PDF
Abridged model	31/12/2008	02/04/2009	30/04/2009	Dutch	PDF
Abridged model	31/12/2007	27/05/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 45 ended

Active mandates

Gerda Massenhove

Director · until 01 décembre 2025

Active

Josef Tavernier

Director

Active

Josse Sterckx

Director

Active

Koenraad Buysse

Director

Active

Lutgarde Goossens

Director

Active

Nicole Vanhoucke

Director

Active

Rudy De Cock

Director

Active

Tijs Van Steenberghe

Director

Active

Vicky Brughmans

Director

Active

Ended mandates

Tijs Van Steenberghe

Director · since 27 avril 2021

Ended

Gerda Massenhove

Director · since 24 avril 2020

Ended

Josse Sterckx

Director · since 24 avril 2020

Ended

Vicky Brughmans

Director · since 19 avril 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other08/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2021
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates23/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2016
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-30,4 k €↓
2024
Annual accounts 20241,5 k €↓
2023
Annual accounts 202339,9 k €↓
2022
Annual accounts 2022147,9 k €↑
2021
Annual accounts 202193 k €↑
2020
Annual accounts 202054,5 k €↓
2019
Annual accounts 2019103 k €↑
2018
Annual accounts 201815 k €↑
2017
Annual accounts 2017-121,8 k €↓
2016
Annual accounts 20161,6 k €↓
2015
Annual accounts 201548,7 k €↓
2014
Annual accounts 201453,4 k €↑
2013
Annual accounts 2013-28,7 k €↑
2012
Annual accounts 2012-71,9 k €↓
2011
Annual accounts 201165 k €↑
2010
Annual accounts 20104,3 k €↓
2009
Annual accounts 200922,2 k €↑
2008
Annual accounts 2008368 €↓
2007
Annual accounts 2007484,2 €
26/03/1999
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DE LINK

Overview

What does DE LINK do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline