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CNEXT

Active
Private limited companyfounded 200718 yrs activePrins Boudewijnlaan 5, 2550 Kontich, BelgiumKBO/BCE: BE 0892.927.362
Summary

The annual accounts of CNEXT for fiscal year 2025 show a net loss of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €37,939 and a net result of -€48,543. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 2729 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability53▼-1
Solvency28▼-8
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.57 against 0.57 in 2024; short-term debt: 95.1% and cash: 10.1% of total assets), and 96.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€48,543
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 2729 sector peers (2025).
NBB · sector comparison
Position among 2729 sector peers
Solvency
better than 15%
← weakest strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 d early
2024
3 d early
2023
1 d early
2022
217 d late
2021
25 d early
2020
31 d early
2019
22 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 October 2007, CNEXT was incorporated.1 Total assets went from EUR 429,560 in 2018 to EUR 1.1 million in 2025 and headcount from 3.7 to 10.3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€37,939▼ 56.1%
2024 · €86,498
Total assets
€1.1m▲ 37.9%
2024 · €804,480
Net result
-€48,543▲ 47.9%
2024 · -€93,174
Working capital
-€450,623▼ 49.4%
2024 · -€301,566
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20212022202320242025
Operating result€17,166▲ 55.5%€26,417▲ 53.9%-€5,654-€67,542▼ 1,095%-€19,907▲ 70.5%
Net result€4,845within the sector's middle half▲ 314%€78,942within the sector's middle half▲ 1,529%€24,152within the sector's middle half▼ 69.4%-€93,174below the sector's middle half-€48,543below the sector's middle half▲ 47.9%
Equity€76,577within the sector's middle half▲ 6.8%€155,520within the sector's middle half▲ 103%€179,672within the sector's middle half▲ 15.5%€86,498within the sector's middle half▼ 51.9%€37,939within the sector's middle half▼ 56.1%
Total assets€1.1mwithin the sector's middle half▲ 24.3%€1.2mwithin the sector's middle half▲ 13.0%€906,700within the sector's middle half▼ 23.7%€804,480within the sector's middle half▼ 11.3%€1.1mwithin the sector's middle half▲ 37.9%
Debt€974,292▲ 25.9%€1.0m▲ 5.9%€727,028▼ 29.6%€717,982▼ 1.2%€1.1m▲ 49.2%
Working capital-€177,171below the sector's middle half-€418,224below the sector's middle half▼ 136%-€309,230below the sector's middle half▲ 26.1%-€301,566below the sector's middle half▲ 2.5%-€450,623below the sector's middle half▼ 49.4%
Solvency7.3%below the sector's middle half▼ 1.2pp13.1%below the sector's middle half▲ 5.8pp19.8%within the sector's middle half▲ 6.7pp10.8%below the sector's middle half▼ 9.1pp3.4%below the sector's middle half▼ 7.3pp
Current ratio0.72below the sector's middle half▼ 0.890.49below the sector's middle half▼ 0.230.47below the sector's middle half▼ 0.020.57below the sector's middle half▲ 0.100.57below the sector's middle half=
Return on assets (ROA)0.5%within the sector's middle half▲ 0.3pp6.6%within the sector's middle half▲ 6.2pp2.7%within the sector's middle half▼ 4.0pp-11.6%below the sector's middle half▼ 14.2pp-4.4%below the sector's middle half▲ 7.2pp
Staff (FTE)7.1within the sector's middle half▲ 34.0%9.3within the sector's middle half▲ 31.0%7.6within the sector's middle half▼ 18.3%4.8within the sector's middle half▼ 36.8%10.3above the sector's middle half▲ 115%
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2021: €17,166€17,166Net result 2021: €4,845€4,845Operating result 2022: €26,417€26,417Net result 2022: €78,942€78,942Operating result 2023: -€5,654-€5,654Net result 2023: €24,152€24,152Operating result 2024: -€67,542-€67,542Net result 2024: -€93,174-€93,174Operating result 2025: -€19,907-€19,907Net result 2025: -€48,543-€48,54320212022202320242025-€100,000-€50,000€0Operating result 2023: -€5,654-€5,650Net result 2023: €24,152€24,200Operating result 2024: -€67,542-€67,500Net result 2024: -€93,174-€93,200Operating result 2025: -€19,907-€19,900Net result 2025: -€48,543-€48,500202320242025
The operating result stays negative: a loss of €19,907 in 2025 against €67,542 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets €505,157 ▲ 24.9%
Current assets €604,283 ▲ 51.1%
Equity and liabilities €1.1m
Equity €37,939 ▼ 56.1%
Debt €1.1m ▲ 49.2%
Debt's share of the balance-sheet total rises from 89.2% to 96.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€125,550▼
2024 · €170,154
Cash flow
€96,913▼
2024 · €144,522
Debt to equity
28.24▲
2024 · 8.30
ROE
-127.9%▼
2024 · -107.7%
Interest coverage
4.73▼
2024 · 6.44
Debt ≤ 1 year
€1.1m▲
2024 · €701,493
Debt > 1 year
€2,633▼
2024 · €16,488
Income taxes
€2,380▲
2024 · €0
Staff costs
€835,663▲
2024 · €396,911
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.4% went bankrupt
2.1% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 912 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€804,480€1.1m▲
Fixed assets21/28€404,552€505,157▲
Intangible fixed assets21€384,940€490,377▲
Tangible fixed assets22/27€14,994€11,163▼
Land and buildings22€0-
Plant, machinery and equipment23€538€3,531▲
Furniture and vehicles24€14,456€7,632▼
Financial fixed assets28€4,618€3,618▼
Current assets29/58€399,928€604,283▲
Amounts receivable after more than one year29€41,155€41,155=
Other amounts receivable291€41,155€41,155=
Amounts receivable within one year40/41€329,513€438,558▲
Trade receivables40€328,468€437,823▲
Other amounts receivable41€1,045€735▼
Cash at bank and in hand54/58€7,543€112,024▲
Deferred charges and accrued income490/1€21,717€12,546▼
Equity and liabilities
Total equity and liabilities10/49€804,480€1.1m▲
Equity10/15€86,498€37,939▼
Contributions10/11€18,600€18,600=
Reserves13€161,072€161,072=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€159,212€159,212=
Profit (loss) carried forward14-€93,174-€141,732▼
Amounts payable17/49€717,982€1.1m▲
Amounts payable after more than one year17€16,488€2,633▼
Financial debts170/4€16,488€2,633▼
Amounts payable within one year42/48€701,493€1.1m▲
Current portion of amounts payable after more than one year42€134,782€13,856▼
Financial debts43€245,538€178,608▼
Credit institutions430/8€245,538€178,608▼
Trade debts44€225,124€253,640▲
Suppliers440/4€225,124€253,640▲
Taxes, remuneration and social security45€60,383€174,240▲
Taxes450/3€33,501€39,980▲
Remuneration and social security454/9€26,882€134,260▲
Other amounts payable47/48€35,666€434,563▲
Accrued charges and deferred income492/3-€13,962
Income statement Code20242025
Remuneration, social security and pensions62€396,911€835,663▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€237,696€145,457▼
Other operating charges640/8€9,867€1,526▼
Gross operating margin9900€576,932€962,739▲
Operating profit (loss)9901-€67,542-€19,907▲
Financial income75/76B€789€279▼
Recurring financial income75€789€279▼
Financial charges65/66B€26,421€26,536▲
Recurring financial charges65€26,421€26,536▲
Profit (loss) for the period before taxes9903-€93,174-€46,164▲
Income taxes67/77€0€2,380▲
Profit (loss) for the period9904-€93,174-€48,543▲
Profit (loss) for the period to be appropriated9905-€93,174-€48,543▲
Appropriation of the result
Profit (loss) to be appropriated9906-€93,174-€141,732▼
Profit (loss) brought forward from the previous period14P--€93,189
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90874.810.3▲

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€466,405€636,767€581,477€396,911€835,663▲ 111%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€177,435€308,423€347,495€237,696€145,457▼ 38.8%
Other operating charges640/8€603€8,430€6,723€9,867€1,526▼ 84.5%
Gross operating margin9900€661,608€980,037€930,041€576,932€962,739▲ 66.9%
Operating profit (loss)9901€17,166€26,417-€5,654-€67,542-€19,907▲ 70.5%
Financial income75/76B€116€69,786€4€789€279▼ 64.6%
Recurring financial income75€116€69,786€4€789€279▼ 64.6%
Financial charges65/66B€11,064€17,078€11,353€26,421€26,536▲ 0.4%
Recurring financial charges65€11,064€12,953€11,353€26,421€26,536▲ 0.4%
Non-recurring financial charges66B-€4,125€0---
Profit (loss) for the period before taxes9903€6,218€79,124-€17,003-€93,174-€46,164▲ 50.5%
Income taxes67/77€1,373€182-€41,155€0€2,380-
Profit (loss) for the period9904€4,845€78,942€24,152-€93,174-€48,543▲ 47.9%
Profit (loss) for the period to be appropriated9905€4,845€78,942€24,152-€93,174-€48,543▲ 47.9%
Line20212022202320242025Change
Assets
Total assets20/58€1.1m€1.2m€906,700€804,480€1.1m▲ 37.9%
Fixed assets21/28€589,582€784,083€631,638€404,552€505,157▲ 24.9%
Intangible fixed assets21€569,722€764,577€616,458€384,940€490,377▲ 27.4%
Tangible fixed assets22/27€12,141€13,009€11,562€14,994€11,163▼ 25.6%
Land and buildings22€869€579€290€0--
Plant, machinery and equipment23€1,463€1,155€846€538€3,531▲ 557%
Furniture and vehicles24€9,809€11,276€10,426€14,456€7,632▼ 47.2%
Other tangible fixed assets26€0-----
Financial fixed assets28€7,719€6,497€3,618€4,618€3,618▼ 21.7%
Current assets29/58€461,288€403,595€275,062€399,928€604,283▲ 51.1%
Amounts receivable after more than one year29--€41,155€41,155€41,155=
Other amounts receivable291--€41,155€41,155€41,155=
Amounts receivable within one year40/41€301,412€353,928€211,480€329,513€438,558▲ 33.1%
Trade receivables40€301,412€343,479€209,023€328,468€437,823▲ 33.3%
Other amounts receivable41€0€10,448€2,457€1,045€735▼ 29.6%
Cash at bank and in hand54/58€99,141€27,142€7,180€7,543€112,024▲ 1,385%
Deferred charges and accrued income490/1€60,734€22,525€15,246€21,717€12,546▼ 42.2%
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.2m€906,700€804,480€1.1m▲ 37.9%
Equity10/15€76,577€155,520€179,672€86,498€37,939▼ 56.1%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€57,977€136,920€161,072€161,072€161,072=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133€56,117€135,060€159,212€159,212€159,212=
Profit (loss) carried forward14----€93,174-€141,732▼ 52.1%
Amounts payable17/49€974,292€1.0m€727,028€717,982€1.1m▲ 49.2%
Amounts payable after more than one year17€335,833€210,340€142,736€16,488€2,633▼ 84.0%
Financial debts170/4€335,833€210,340€142,736€16,488€2,633▼ 84.0%
Amounts payable within one year42/48€638,459€821,819€584,291€701,493€1.1m▲ 50.4%
Current portion of amounts payable after more than one year42€72,505€140,833€143,998€134,782€13,856▼ 89.7%
Financial debts43€263,356€310,498€213,398€245,538€178,608▼ 27.3%
Credit institutions430/8€263,356€310,498€213,398€245,538€178,608▼ 27.3%
Trade debts44€239,164€287,065€131,685€225,124€253,640▲ 12.7%
Suppliers440/4€239,164€287,065€131,685€225,124€253,640▲ 12.7%
Taxes, remuneration and social security45€63,388€83,377€93,609€60,383€174,240▲ 189%
Taxes450/3€16,403€11,009€31,004€33,501€39,980▲ 19.3%
Remuneration and social security454/9€46,985€72,368€62,605€26,882€134,260▲ 399%
Other amounts payable47/48€45€45€1,601€35,666€434,563▲ 1,118%
Accrued charges and deferred income492/3----€13,962-
Line20212022202320242025Change
Profit (loss) for the period9904€4,845€78,942€24,152-€93,174-€48,543▲ 47.9%
+ Depreciation and write-downs630€177,435€308,423€347,495€237,696€145,457▼ 38.8%
Operating cash flow (approximation)€182,279€387,366€371,647€144,522€96,913▼ 32.9%
Investment in fixed assets (approximation)--€502,925-€195,049-€10,610-€246,062▼ 2,219%
Change in cash--€71,999-€19,962€362€104,481▲ 28,731%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€93,174
Net result drops to -€93,174, the lowest in the series; recovery starts the following year.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
04-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 217 days late
2022
31-12
Financial Highest result since 2018net €78,942 ▲1,529%
Operating result €26,417, net result €78,942, both a record.
31-12
Financial Equity above €150,000Eq €155,520 ▲103%
4 profitable years in a row build equity to €155,520.
06-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €10,316
Net result €10,316 after one loss-making year.
17-05
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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, Kontich · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
1.5 ha
Building footprint
3,683 m²
Volume, LiDAR
30,492 m³
Parcel 11024B0084/00M000, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
33 companies at this address See who is registered here
1 establishment unit
CNEXT
Prins Boudewijnlaan 5, 2550 KontichNACE 72100
since 20072.166.195.486
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11024B0084/00M000 Flanders 1.5 ha 1 · 3,683 m² 17.6 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.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. BNEXT 100%
  2. CNEXT

Highest known parent: BNEXT. The sources do not say who stands above it.

Owners 1

Holdings 1

  • Cnext BalticsLTsubsidiary
    Equity €72,596Result €6,717
    100%

According to the 2021 annual accounts of CNEXT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 52,787 EUR awarded · 2,787 EUR paid
Year Entries awardedpaid
2025 2 51,317 EUR1,317 EUR
2023 1 0 EUR627 EUR
2022 1 1,470 EUR843 EUR
Schemes
1 entry · 50,000 EUR · Fonds voor Innoveren en Ondernemen
3 entries · 2,787 EUR · 2,787 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 14,889 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
Founded22-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62100Computer programming
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0892927362
Also 9925:BE0892927362
Registered 03-01-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.