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BEKA CONNECT

Active
Private limited companyfounded 2024active for 1 yearBornemstraat(MAR) 5, 2880 Bornem, BelgiumKBO/BCE: BE 1017.326.694

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 14-04-2026 at the NBB

Turnover
≈ €30,000
Estimated: probably between €19,000 and €57,000
Total assets
€25,444
Net result
-€6,149
Working capital
-€16,715

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €25,444
Fixed assets €14,666
Current assets €10,778
Equity and liabilities
Equity-€3,149
Debt€28,593
Equity is negative. Debt (€28,593) exceeds the balance-sheet total (€25,444).
Key figures and ratios
2025 value
EBITDA
€2,789
Cash flow
€2,830
Solvency
-12.4%
Current ratio
0.39
ROA
-24.2%
Interest coverage
26.84
Debt
€28,593
Debt ≤ 1 year
€27,493
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

Investments

fixed assets acquired
Item2025
Tangible fixed assets€23,645
Financial fixed assets€0
Depreciation and write-downs of the year€8,979

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€25,444
Fixed assets21/28€14,666
Tangible fixed assets22/27€14,666
Plant, machinery and equipment23€11,608
Furniture and vehicles24€3,058
Current assets29/58€10,778
Amounts receivable within one year40/41€6,521
Trade receivables40€6,521
Cash at bank and in hand54/58€3,506
Deferred charges and accrued income490/1€750
Equity and liabilities
Total equity and liabilities10/49€25,444
Equity10/15-€3,149
Contributions10/11€3,000
Profit (loss) carried forward14-€6,149
Amounts payable17/49€28,593
Amounts payable within one year42/48€27,493
Trade debts44€1,811
Suppliers440/4€1,811
Taxes, remuneration and social security45€5,987
Taxes450/3€667
Remuneration and social security454/9€5,320
Other amounts payable47/48€19,695
Accrued charges and deferred income492/3€1,100
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,979
Other operating charges640/8€1,191
Gross operating margin9900€3,980
Operating profit (loss)9901-€6,190
Financial income75/76B€145
Recurring financial income75€145
Financial charges65/66B€104
Recurring financial charges65€104
Profit (loss) for the period before taxes9903-€6,149
Profit (loss) for the period9904-€6,149
Profit (loss) for the period to be appropriated9905-€6,149
Appropriation of the result
Profit (loss) to be appropriated9906-€6,149

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 14-04-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,979
Other operating charges640/8€1,191
Gross operating margin9900€3,980
Operating profit (loss)9901-€6,190
Financial income75/76B€145
Recurring financial income75€145
Financial charges65/66B€104
Recurring financial charges65€104
Profit (loss) for the period before taxes9903-€6,149
Profit (loss) for the period9904-€6,149
Profit (loss) for the period to be appropriated9905-€6,149
Line2025
Assets
Total assets20/58€25,444
Fixed assets21/28€14,666
Tangible fixed assets22/27€14,666
Plant, machinery and equipment23€11,608
Furniture and vehicles24€3,058
Current assets29/58€10,778
Amounts receivable within one year40/41€6,521
Trade receivables40€6,521
Cash at bank and in hand54/58€3,506
Deferred charges and accrued income490/1€750
Equity and liabilities
Total equity and liabilities10/49€25,444
Equity10/15-€3,149
Contributions10/11€3,000
Profit (loss) carried forward14-€6,149
Amounts payable17/49€28,593
Amounts payable within one year42/48€27,493
Trade debts44€1,811
Suppliers440/4€1,811
Taxes, remuneration and social security45€5,987
Taxes450/3€667
Remuneration and social security454/9€5,320
Other amounts payable47/48€19,695
Accrued charges and deferred income492/3€1,100
Line2025
Profit (loss) for the period9904-€6,149
+ Depreciation and write-downs630€8,979
Operating cash flow (approximation)€2,830

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,322 companies had the same profile as BEKA CONNECT has now. Two years later, 4.2% had gone bankrupt and 90.2% were still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90.2% was still going

That fits the bankruptcy probability of BEKA CONNECT itself: 2.2% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,322 companies, not a prediction for BEKA CONNECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 14-04-2026 2026-00078798 PDF

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