Skip to content

CO-NET

Active
Private limited companyfounded 20205 yrs activeBijlokehof 31, 9000 Gent, BelgiumKBO/BCE: BE 0756.997.007
Summary

CO-NET has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189,823 and a net result of €96,721. Its solvency ranks better than 32% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes
Profitability91
Solvency52
Growth-
Track record79
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.29; short-term debt: 15.1% and cash: 1.4% of total assets), and 72.7% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
9 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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 26 October 2020, CO-NET was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Turnover
€527,543
EBIT margin
27.3%
Net result
€96,721
Working capital
-€74,326

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €695,523
Fixed assets €665,113
Current assets €30,411
Equity and liabilities €695,523
Equity €189,823
Debt €505,700
Debt finances 72.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€169,943
Cash flow
€122,617
Current ratio
0.29
Debt to equity
2.66
ROE
51.0%
ROA
13.9%
Interest coverage
9.45
Debt ≤ 1 year
€104,737
Debt > 1 year
€391,208
Income taxes
€29,338
Staff costs
€9,841

Peer companies

Historical observation

Of the 2,679 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.3% went bankrupt
1.2% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,679 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 · 46 lines
Balance sheet Code2025
Assets
Total assets20/58€695,523
Fixed assets21/28€665,113
Tangible fixed assets22/27€592,027
Land and buildings22€568,672
Plant, machinery and equipment23€8,129
Furniture and vehicles24€15,226
Financial fixed assets28€73,086
Current assets29/58€30,411
Amounts receivable within one year40/41€20,760
Trade receivables40€7,260
Other amounts receivable41€13,500
Cash at bank and in hand54/58€9,651
Equity and liabilities
Total equity and liabilities10/49€695,523
Equity10/15€189,823
Contributions10/11€1,000
Reserves13€188,823
Distributable reserves133€188,823
Amounts payable17/49€505,700
Amounts payable after more than one year17€391,208
Financial debts170/4€391,208
Amounts payable within one year42/48€104,737
Current portion of amounts payable after more than one year42€41,910
Trade debts44€11,769
Suppliers440/4€11,769
Taxes, remuneration and social security45€28,714
Taxes450/3€28,714
Other amounts payable47/48€22,344
Accrued charges and deferred income492/3€9,755
Income statement Code2025
Turnover70€527,543
Goods, raw materials, services and sundry goods60/61€385,273
Remuneration, social security and pensions62€9,841
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,896
Other operating charges640/8€141
Gross operating margin9900€179,924
Operating profit (loss)9901€144,047
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€17,989
Recurring financial charges65€17,989
Profit (loss) for the period before taxes9903€126,058
Income taxes67/77€29,338
Profit (loss) for the period9904€96,721
Profit (loss) for the period to be appropriated9905€96,721
Appropriation of the result
Profit (loss) to be appropriated9906€96,721
Transfer to equity691/2€96,721
To other reserves6921€96,721

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Turnover70€527,543
Goods, raw materials, services and sundry goods60/61€385,273
Remuneration, social security and pensions62€9,841
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,896
Other operating charges640/8€141
Gross operating margin9900€179,924
Operating profit (loss)9901€144,047
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€17,989
Recurring financial charges65€17,989
Profit (loss) for the period before taxes9903€126,058
Income taxes67/77€29,338
Profit (loss) for the period9904€96,721
Profit (loss) for the period to be appropriated9905€96,721
Line2025
Assets
Total assets20/58€695,523
Fixed assets21/28€665,113
Tangible fixed assets22/27€592,027
Land and buildings22€568,672
Plant, machinery and equipment23€8,129
Furniture and vehicles24€15,226
Financial fixed assets28€73,086
Current assets29/58€30,411
Amounts receivable within one year40/41€20,760
Trade receivables40€7,260
Other amounts receivable41€13,500
Cash at bank and in hand54/58€9,651
Equity and liabilities
Total equity and liabilities10/49€695,523
Equity10/15€189,823
Contributions10/11€1,000
Reserves13€188,823
Distributable reserves133€188,823
Amounts payable17/49€505,700
Amounts payable after more than one year17€391,208
Financial debts170/4€391,208
Amounts payable within one year42/48€104,737
Current portion of amounts payable after more than one year42€41,910
Trade debts44€11,769
Suppliers440/4€11,769
Taxes, remuneration and social security45€28,714
Taxes450/3€28,714
Other amounts payable47/48€22,344
Accrued charges and deferred income492/3€9,755
Line2025
Profit (loss) for the period9904€96,721
+ Depreciation and write-downs630€25,896
Operating cash flow (approximation)€122,617

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

Download as CSV

Timeline · acts, filings and financial milestones

2025
22-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
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, Gent · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
324 m²
Building footprint
176 m²
Volume, LiDAR
3,115 m³
Parcel 44806F0622/00Z020, Flanders · tallest building 21.5 m, ±6 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
CO-NET
Bijlokehof 31, 9000 GentComputing infrastructure, data processing, hosting and other information service activities
since 20202.308.894.958
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44806F0622/00Z020 Flanders 324 m² 1 · 176 m² 21.5 m · 6 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.

Similar companies · same sector, comparable size

Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 6,971 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
Founded26-10-2020
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
63920Other information service activities
70100Activities of head offices
74999Other professional, scientific and technical activities
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID 0208:0756997007
Registered 27-03-2026

Register as of 28 September 2026 · Peppol Directory

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