Summary
Bart Connect is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €150,046 and a net result of €97,197. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 8074 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
130 d early
2024
1 d early
2023
13 d early
2022
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€150,046▼ 24.1%
2024 · €197,729
Net result
€97,197▲ 104%
2024 · €47,683
Total assets
€273,815▲ 10.6%
2024 · €247,503
Solvency
54.8%▼ 25.1pp
2024 · 79.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line2022202320242025
Operating result€94,849-€117,983▲ 24.4%€72,385▼ 38.6%€116,934▲ 61.5%
Net result€66,434within the sector's middle half-€78,612within the sector's middle half▲ 18.3%€47,683within the sector's middle half▼ 39.3%€97,197above the sector's middle half▲ 104%
Equity€71,434within the sector's middle half-€150,046within the sector's middle half▲ 110%€197,729within the sector's middle half▲ 31.8%€150,046within the sector's middle half▼ 24.1%
Total assets€149,781within the sector's middle half-€213,445within the sector's middle half▲ 42.5%€247,503within the sector's middle half▲ 16.0%€273,815within the sector's middle half▲ 10.6%
Debt€78,347-€63,398▼ 19.1%€49,774▼ 21.5%€123,769▲ 149%
Working capital€59,670-€93,599▲ 56.9%€153,987▲ 64.5%€107,969▼ 29.9%
Solvency47.7%within the sector's middle half-70.3%within the sector's middle half▲ 22.6pp79.9%above the sector's middle half▲ 9.6pp54.8%within the sector's middle half▼ 25.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 62% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273,815
Fixed assets
€42,077 ▼ 3.8%
Current assets
€231,738 ▲ 13.7%
Equity and liabilities €273,815
Equity
€150,046 ▼ 24.1%
Debt
€123,769 ▲ 149%
Debt's share of the balance-sheet total rises from 20.1% to 45.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
64.8%▲
2024 · 24.1%
ROA
35.5%▲
2024 · 19.3%
Debt ≤ 1 year
€123,769▲
2024 · €49,774
Income taxes
€14,525▼
2024 · €19,262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,082 | €7,091 | €12,705 | €13,352 | ▲ 5.1% |
| Other operating charges640/8 | €416 | €683 | €475 | €724 | ▲ 52.3% |
| Gross operating margin9900 | €96,346 | €125,757 | €85,565 | €131,010 | ▲ 53.1% |
| Operating profit (loss)9901 | €94,849 | €117,983 | €72,385 | €116,934 | ▲ 61.5% |
| Financial income75/76B | €1 | - | €261 | - | - |
| Recurring financial income75 | €1 | - | €261 | - | - |
| Financial charges65/66B | €1,878 | €3,469 | €5,702 | €5,212 | ▼ 8.6% |
| Recurring financial charges65 | €1,878 | €3,469 | €5,702 | €5,212 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €92,971 | €114,514 | €66,945 | €111,722 | ▲ 66.9% |
| Income taxes67/77 | €26,537 | €35,902 | €19,262 | €14,525 | ▼ 24.6% |
| Profit (loss) for the period9904 | €66,434 | €78,612 | €47,683 | €97,197 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €66,434 | €78,612 | €47,683 | €97,197 | ▲ 104% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €149,781 | €213,445 | €247,503 | €273,815 | ▲ 10.6% |
| Fixed assets21/28 | €11,764 | €56,447 | €43,742 | €42,077 | ▼ 3.8% |
| Tangible fixed assets22/27 | €11,401 | €56,084 | €43,379 | €41,714 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | - | €3,636 | - |
| Furniture and vehicles24 | €4,223 | €3,246 | €2,269 | €8,696 | ▲ 283% |
| Other tangible fixed assets26 | €7,178 | €52,838 | €41,110 | €29,382 | ▼ 28.5% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €138,017 | €156,998 | €203,761 | €231,738 | ▲ 13.7% |
| Amounts receivable within one year40/41 | €30,591 | €40,959 | €40,535 | €59,277 | ▲ 46.2% |
| Trade receivables40 | €30,591 | €40,959 | €40,535 | €48,802 | ▲ 20.4% |
| Other amounts receivable41 | - | - | - | €10,475 | - |
| Cash at bank and in hand54/58 | €106,950 | €115,562 | €162,688 | €169,330 | ▲ 4.1% |
| Deferred charges and accrued income490/1 | €476 | €478 | €537 | €3,131 | ▲ 483% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €149,781 | €213,445 | €247,503 | €273,815 | ▲ 10.6% |
| Equity10/15 | €71,434 | €150,046 | €197,729 | €150,046 | ▼ 24.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €66,434 | €145,046 | €145,046 | €145,046 | = |
| Distributable reserves133 | €66,434 | €145,046 | €145,046 | €145,046 | = |
| Profit (loss) carried forward14 | - | - | €47,683 | - | - |
| Amounts payable17/49 | €78,347 | €63,398 | €49,774 | €123,769 | ▲ 149% |
| Amounts payable within one year42/48 | €78,347 | €63,398 | €49,774 | €123,769 | ▲ 149% |
| Trade debts44 | €12,059 | €7,200 | €10,452 | €9,140 | ▼ 12.5% |
| Suppliers440/4 | €12,059 | €7,200 | €10,452 | €9,140 | ▼ 12.5% |
| Taxes, remuneration and social security45 | €59,591 | €55,830 | €39,322 | €17,432 | ▼ 55.7% |
| Taxes450/3 | €45,519 | €55,830 | €39,322 | €17,432 | ▼ 55.7% |
| Remuneration and social security454/9 | €14,072 | - | - | - | - |
| Other amounts payable47/48 | €6,697 | €368 | - | €97,197 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,434 | €78,612 | €47,683 | €97,197 | ▲ 104% |
| + Depreciation and write-downs630 | €1,082 | €7,091 | €12,705 | €13,352 | ▲ 5.1% |
| Operating cash flow (approximation) | €67,516 | €85,703 | €60,387 | €110,549 | ▲ 83.1% |
| Investment in fixed assets (approximation) | - | -€51,773 | €0 | -€11,687 | - |
| Change in cash | - | €8,612 | €47,127 | €6,642 | ▼ 85.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €97,197 ▲104%
Net result €97,197, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €47,683 ▼39.3%
Net result drops to €47,683, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €150,046 ▲110%
2 profitable years in a row build equity to €150,046.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
23-03
State Gazette act
IncorporationAppointment: CLAES Bart Jean Marie (director) · Founder · Founding capital11 facts ▸
State Gazette act
Incorporation
Appointment: CLAES Bart Jean Marie (director) · Founder · Founding capital11 facts ▸
- Incorporation, 15 maart 2022
- Founder, CLAES Bart Jean Marie
- Founding capital, €5.000
- Bank account, 14 maart 2022
- Director appointment, CLAES Bart Jean Marie (director)
- Mandate compensation, CLAES Bart Jean Marie
- Power of attorney, BFC BV
- First general meeting, 2023
- Pre incorporation activities, 1 maart 2022
- Notary, Marc Topff
- Commissioner, geen
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
Directors · office · real estate
Directors
1 director, no change since 2022
CLAES Bart Jean Marie
CurrentDirector · since 15-03-2022
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2022
Ground area
5,243 m²
Building footprint
638 m²
Volume, LiDAR
3,077 m³
Parcel 71325F0941/00E000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bart Connect
since 20222.329.503.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71325F0941/00E000 | Flanders | 5,243 m² | 1 · 638 m² | 7.9 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.
Mandate history
1 person since 2022, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| CLAES Bart Jean Marie |
|
Articles of association
Duration
Unlimited
Purpose
1. Administratie, consultancy en managementactiviteiten... 2. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... 3. Het verwerven van…
Full purpose
1. Administratie, consultancy en managementactiviteiten... 2. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... 3. Het verwerven van participaties... 4. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium... 5. Het toestaan van leningen en kredietopeningen... 6. De uitbating, ontwikkeling, deponeren van patenten, octrooien en licenties...
Structure & network
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
5 board mandatesBoard mandates of this companythis company sits on their board5
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 23-03-2022 ↗
- CLAES Bart Jean Marie sole founder · 100% at incorporation
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 23-03-2022 Incorporation · 5,000 EUR · 100 shares
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 3,959 EUR awarded · 3,959 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,709 EUR | 3,959 EUR |
| 2024 | 1 | 2,250 EUR | 0 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,230 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
Founded21-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783609352
Registered
05-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.