BD-CONNECT
ActiveBD-CONNECT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112k and a net result of €-5k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-52
Solvency69▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.59 in 2024; short-term debt: 56% and cash: 4.1% of total assets), but 56% 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.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44%
Return on assets
-2.1%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 21-07-2026, 10 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
10 d early
2024
17 d early
2023
8 d late
2022
30 d late
2021
26 d early
2020
23 d late
2019
28 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€112k▼ 4.6%
2024 · €117k
2018: €16k
2019: €41k
2020: €55k
2021: €62k
2022: €71k
2023: €105k
2024: €117k
2018 → 2025
Total assets
€255k▼ 17.8%
2024 · €310k
2018: €25k
2019: €61k
2020: €71k
2021: €132k
2022: €146k
2023: €170k
2024: €310k
2018 → 2025
Net result
€-5k
2024 · €12k
2018: €10k
2019: €25k
2020: €14k
2021: €6k
2022: €10k
2023: €34k
2024: €12k
2018 → 2025
Working capital
€96k▼ 14.4%
2024 · €113k
2018: €16k
2019: €39k
2020: €54k
2021: €52k
2022: €63k
2023: €98k
2024: €113k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€71k▲ 15.4%€105k▲ 47.3%€117k▲ 11.5%€112k▼ 4.6%
Operating result€16k-€18k▲ 11.2%€52k▲ 192%€25k▼ 52.2%€8k▼ 66.6%
Net result€6k-€10k▲ 46.3%€34k▲ 255%€12k▼ 64.1%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 67% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €255k
Fixed assets
€15k▲ 236%
Current assets
€239k▼ 21.6%
Equity and liabilities €255k
Equity
€112k▼ 4.6%
Debt
€143k▼ 25.9%
The debt ratio falls from 62.1% to 56.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €28k
Cash flow
€-3k▼
2024 · €15k
Solvency
44.0%▲
2024 · 37.9%
Current ratio
1.68▲
2024 · 1.59
Quick ratio
1.68▲
2024 · 1.59
Debt / equity
1.27▼
2024 · 1.64
ROE
-4.8%▼
2024 · 10.3%
ROA
-2.1%▼
2024 · 3.9%
Interest coverage
0.67▼
2024 · 7.23
Debt
€143k▼
2024 · €192k
Debt ≤ 1 year
€143k▼
2024 · €192k
Income taxes
€613▼
2024 · €9k
Staff costs
€200k▲
2024 · €150k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€310k€255k▼
Fixed assets21/28€5k€15k▲
Tangible fixed assets22/27€4k€15k▲
Plant, machinery and equipment23€2k€14k▲
Furniture and vehicles24€2k€451▼
Financial fixed assets28€800€800=
Current assets29/58€305k€239k▼
Amounts receivable within one year40/41€298k€212k▼
Trade receivables40€247k€122k▼
Other amounts receivable41€51k€89k▲
Cash at bank and in hand54/58€3k€10k▲
Deferred charges and accrued income490/1€4k€17k▲
Equity and liabilities
Total equity and liabilities10/49€310k€255k▼
Equity10/15€117k€112k▼
Contributions10/11€6k€6k=
Reserves13€18k€18k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€93k€88k▼
Amounts payable17/49€192k€143k▼
Amounts payable within one year42/48€192k€143k▼
Financial debts43€118k€23k▼
Credit institutions430/8€118k€23k▼
Trade debts44€35k€31k▼
Suppliers440/4€35k€31k▼
Advances received on contracts in progress46-€39k
Taxes, remuneration and social security45€40k€49k▲
Taxes450/3€19k€10k▼
Remuneration and social security454/9€21k€40k▲
Income statement
Code20242025
Non-recurring operating income76A€9k€33k▲
Remuneration, social security and pensions62€150k€200k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€181k€214k▲
Operating profit (loss)9901€25k€8k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€4k€16k▲
Recurring financial charges65€4k€16k▲
Profit (loss) for the period before taxes9903€21k€-5k▼
Income taxes67/77€9k€613▼
Profit (loss) for the period9904€12k€-5k▼
Profit (loss) for the period to be appropriated9905€12k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€88k▼
Profit (loss) brought forward from the previous period14P€81k€93k▲
The notes to these accounts (7 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
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-5k ▼144%
Net result drops to €-5k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Highest result since 2018net €34k ▲255%
Operating result €52k, net result €34k, both a record.
31-12
Financial
Equity above €100kEq €105k ▲47.3%
6 profitable years in a row build equity to €105k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Lokeren · 1 establishment unit since 2018
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.
Vermeulenstraat 449160 LokerenGround area
186 m²
Building footprint
77 m²
Volume, LiDAR
517 m³
Parcel 46384E1388/00E008, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BD-CONNECT
since 20182.272.251.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384E1388/00E008 | Flanders | 186 m² | 1 · 77 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
JACOB & Cie
BE 0444.869.417
Herve · Eq €112k
Jonckheere Dries
BE 0544.371.819
Oudenburg · Eq €112k
VAN DEN MANACKER
BE 0632.590.250
Brasschaat · Eq €112k
PRO BUILDING TECHNICS
BE 0778.300.185
Merelbeke-Melle · Eq €112k
VAHACON
BE 0760.400.519
Dendermonde · Eq €112k
Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,648 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2018
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43211General electrical installation work
46190Agents in non-specialised wholesale trade
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.