Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 442 days after the legal deadline.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
Lynk & Co Sales Belgium from Sint-Agatha-Berchem, company number BE0753625761, closed financial year 2024 with a result of € -2.3 million after tax. For that financial year Lynk & Co Sales Belgium recorded revenue of € 28.6 million and equity of € -2.4 million. Compared with financial year 2023, the result moved from € -233,478 to € -2.3 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ -2.4 million
▼ € 2.3 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.3 million
▼ 890 % more loss than in 2023
Profit after tax over the fiscal year.
€ 80
▼ 99% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.4 million.
People and assets in 2024
13.1
▼ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 13% vs 2023
€ 102,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 25 million
▼ 58% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 28 million
▲ 21% vs 2023
Loans from banks and other lenders, long and short.
€ 959,732
▼ 43% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 10 days on average.
€ 1.3 million
▲ 54% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 43,075,663 | € 28,602,702 | ▼ 34% |
| Gross margin | € 311,523 | € 1,468,744 | € 13,724,153 | - | |
| Profit after taxes | € 32,057 | € 127,203 | € -233,478 | € -2,310,551 | ▼ € 2.1 million |
| Equity | € 35,057 | € 162,260 | € -71,218 | € -2,381,769 | ▼ € 2.3 million |
| Total debts | € 28,998,137 | € 84,479,557 | € 87,857,982 | € 39,604,245 | ▼ 55% |
| Cash | - | - | € 10,442 | € 80 | ▼ 99% |
| Retained profit | € 32,057 | € 159,260 | € -74,218 | € -2,384,769 | ▼ € 2.3 million |
| Bank debt | € 0 | € 0 | € 23,202,211 | € 28,019,667 | ▲ 21% |
| Balance sheet total | € 29,033,194 | € 84,641,818 | € 87,786,764 | € 37,222,476 | ▼ 58% |
| Employees (FTE) | 2.8 | 10.6 | 13.6 | 13.1 | ▼ 0.5 |
Key figures of Lynk & Co Sales Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Lynk & Co Sales Belgium?
What happened at Lynk & Co Sales Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 2.3 million. filed late Source: NBB ↗
- Wang Mo became a director. NBB
- Ma Le stepped down as director. NBB
- Lloyd Raymond de Meza stepped down as director. NBB
- Nicolas López Appelgren stepped down as director. NBB
- Han Huiqiong became a director. NBB
- Zhiyan Ma stepped down as director. NBB
- Lars Mathias Holst stepped down as director. NBB
In short
From € 32,057 profit in 2021 to € 2.3 million loss in 2024.
Paid € 413,065 in corporate taxes since 2021.
Best year ever: 2022, with € 127,203 profit.
On average € 1 million of value added per employee in 2023.
Management
Behind Lynk & Co Sales Belgium are Han Huiqiong and Wang Mo. The shares are held by Lynk & Co International AB (100%).
Directors
According to the 2024 annual accounts
Han Huiqiong
Director
since 2026
Wang Mo
Director
since 2026
Lars Mathias Holst
Director
since 2022 · until 2024
Ma Le
Director
since 2020 · until 2026
Zhiyan Ma
Director
since 2024 · until 2026
Lloyd Raymond de Meza
Director
since 2024 · until 2026
Nicolas López Appelgren
Director
since 2023 · until 2026
Shareholders
Lynk & Co International AB
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hunderenveldlaan 10
1082 Sint-Agatha-Berchem
Drukkerijstraat 18/20
2000 Antwerpen
Active since 3 September 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0753.625.761
- VAT number
- BE 0753.625.761
- Registered office
- Hunderenveldlaan 10, 1082 Sint-Agatha-Berchem
- Names & denominations
- Lynk & Co Sales Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 September 2020
- Peppol
- Not registered
- Contact
- [email protected]
- Activities · NACE
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