CONELL
ActiveSummary
CONELL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,612 and a net result of €7,183. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 72% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-13
Solvency85▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.86 against 4.82 in 2024; short-term debt: 33.2% and cash: 0.7% of total assets), and 39.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.4%
Return on assets
2.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €147,612
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
19 d late
2023
51 d early
2022
39 d early
2021
25 d late
2020
20 d late
2019
14 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 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€147,612▲ 5.1%
2024 · €140,428
Total assets
€244,342▲ 14.9%
2024 · €212,598
Net result
€7,183▼ 19.3%
2024 · €8,902
Working capital
€151,071▼ 5.1%
2024 · €159,202
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,411▼ 80.9%€30,375▲ 790%€37,865▲ 24.7%€16,467▼ 56.5%€13,531▼ 17.8%
Net result€1,988▼ 86.2%€20,837▲ 948%€23,844▲ 14.4%€8,902▼ 62.7%€7,183▼ 19.3%
Equity€158,845▲ 1.3%€107,682▼ 32.2%€131,526▲ 22.1%€140,428▲ 6.8%€147,612▲ 5.1%
Total assets€181,736▼ 8.3%€202,350▲ 11.3%€219,736▲ 8.6%€212,598▼ 3.2%€244,342▲ 14.9%
Debt€22,891▼ 44.7%€94,668▲ 314%€88,210▼ 6.8%€72,169▼ 18.2%€96,730▲ 34.0%
Working capital€153,314▼ 0.3%€103,257▼ 32.7%€163,942▲ 58.8%€159,202▼ 2.9%€151,071▼ 5.1%
Staff (FTE)0.81.1▲ 37.5%
Turnover and EBIT margin not published: the abbreviated or 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 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244,342
Fixed assets
€12,101 ▲ 3.0%
Current assets
€232,242 ▲ 15.6%
Equity and liabilities €244,342
Equity
€147,612 ▲ 5.1%
Debt
€96,730 ▲ 34.0%
Debt's share of the balance-sheet total rises from 33.9% to 39.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,325▼
2024 · €19,454
Cash flow
€10,977▼
2024 · €11,889
Current ratio
2.86▼
2024 · 4.82
Quick ratio
0.65▼
2024 · 1.47
Debt to equity
0.66▲
2024 · 0.51
ROE
4.9%▼
2024 · 6.3%
ROA
2.9%▼
2024 · 4.2%
Interest coverage
2.97▼
2024 · 4.31
Debt ≤ 1 year
€81,170▲
2024 · €41,651
Debt > 1 year
€15,560▼
2024 · €30,518
Income taxes
€2,967▼
2024 · €3,821
Staff costs
€33,411▲
2024 · €24,572
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €6,659 | €661 | €0 | - | - |
| Remuneration, social security and pensions62 | €55 | €0 | - | €24,572 | €33,411 | ▲ 36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,145 | €984 | €1,600 | €2,987 | €3,793 | ▲ 27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €3,416 | €2,794 | €653 | €5,451 | €2,285 | ▼ 58.1% |
| Gross operating margin9900 | €8,027 | €34,152 | €40,118 | €49,477 | €53,021 | ▲ 7.2% |
| Operating profit (loss)9901 | €3,411 | €30,375 | €37,865 | €16,467 | €13,531 | ▼ 17.8% |
| Financial income75/76B | €68 | €42 | €100 | €769 | €2,458 | ▲ 220% |
| Recurring financial income75 | €68 | €42 | €100 | €769 | €2,458 | ▲ 220% |
| Financial charges65/66B | €968 | €1,552 | €4,370 | €4,513 | €5,839 | ▲ 29.4% |
| Recurring financial charges65 | €968 | €1,552 | €4,370 | €4,513 | €5,839 | ▲ 29.4% |
| Profit (loss) for the period before taxes9903 | €2,512 | €28,864 | €33,595 | €12,723 | €10,150 | ▼ 20.2% |
| Income taxes67/77 | €524 | €8,028 | €9,750 | €3,821 | €2,967 | ▼ 22.4% |
| Profit (loss) for the period9904 | €1,988 | €20,837 | €23,844 | €8,902 | €7,183 | ▼ 19.3% |
| Profit (loss) for the period to be appropriated9905 | €1,988 | €20,837 | €23,844 | €8,902 | €7,183 | ▼ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181,736 | €202,350 | €219,736 | €212,598 | €244,342 | ▲ 14.9% |
| Fixed assets21/28 | €5,531 | €4,425 | €12,481 | €11,744 | €12,101 | ▲ 3.0% |
| Tangible fixed assets22/27 | €5,436 | €4,330 | €12,481 | €11,744 | €12,101 | ▲ 3.0% |
| Plant, machinery and equipment23 | €3,156 | €2,433 | €6,140 | €4,230 | €3,792 | ▼ 10.3% |
| Furniture and vehicles24 | €1,341 | €1,193 | €949 | €2,859 | €4,388 | ▲ 53.5% |
| Other tangible fixed assets26 | €938 | €704 | €5,391 | €4,656 | €3,920 | ▼ 15.8% |
| Financial fixed assets28 | €95 | €95 | €0 | - | - | - |
| Current assets29/58 | €176,205 | €197,925 | €207,256 | €200,853 | €232,242 | ▲ 15.6% |
| Stocks and contracts in progress3 | €108,345 | €141,918 | €143,565 | €139,559 | €179,521 | ▲ 28.6% |
| Stocks30/36 | €108,345 | €141,918 | €143,565 | €139,559 | €179,521 | ▲ 28.6% |
| Amounts receivable within one year40/41 | €23,666 | €15,163 | €48,067 | €49,496 | €46,049 | ▼ 7.0% |
| Trade receivables40 | €23,666 | €15,163 | €16,883 | €10,625 | €12,313 | ▲ 15.9% |
| Other amounts receivable41 | - | - | €31,184 | €38,871 | €33,736 | ▼ 13.2% |
| Cash at bank and in hand54/58 | €42,774 | €39,917 | €15,624 | €10,167 | €1,671 | ▼ 83.6% |
| Deferred charges and accrued income490/1 | €1,420 | €927 | €0 | €1,631 | €5,000 | ▲ 207% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181,736 | €202,350 | €219,736 | €212,598 | €244,342 | ▲ 14.9% |
| Equity10/15 | €158,845 | €107,682 | €131,526 | €140,428 | €147,612 | ▲ 5.1% |
| Contributions10/11 | €90,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €67,178 | €87,178 | €110,178 | €118,978 | €112,918 | ▼ 5.1% |
| Non-distributable reserves130/1 | €9,060 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €9,060 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €17,118 | €17,118 | €17,118 | €17,118 | €17,118 | = |
| Distributable reserves133 | €41,000 | €70,060 | €93,060 | €101,860 | €95,800 | ▼ 5.9% |
| Profit (loss) carried forward14 | €1,067 | €1,904 | €2,748 | €2,851 | €16,094 | ▲ 465% |
| Amounts payable17/49 | €22,891 | €94,668 | €88,210 | €72,169 | €96,730 | ▲ 34.0% |
| Amounts payable after more than one year17 | - | - | €44,896 | €30,518 | €15,560 | ▼ 49.0% |
| Financial debts170/4 | - | - | €44,896 | €30,518 | €15,560 | ▼ 49.0% |
| Amounts payable within one year42/48 | €22,891 | €94,668 | €43,314 | €41,651 | €81,170 | ▲ 94.9% |
| Current portion of amounts payable after more than one year42 | - | - | €13,816 | €14,379 | €14,958 | ▲ 4.0% |
| Financial debts43 | - | - | - | - | €38,984 | - |
| Credit institutions430/8 | - | - | - | - | €38,984 | - |
| Trade debts44 | €14,278 | €18,058 | €3,932 | €12,273 | €11,973 | ▼ 2.4% |
| Suppliers440/4 | €14,278 | €18,058 | €3,932 | €12,273 | €11,973 | ▼ 2.4% |
| Advances received on contracts in progress46 | - | - | €613 | €0 | - | - |
| Taxes, remuneration and social security45 | €8,518 | €17,237 | €24,952 | €15,000 | €15,256 | ▲ 1.7% |
| Taxes450/3 | €3,408 | €14,686 | €22,406 | €13,694 | €12,417 | ▼ 9.3% |
| Remuneration and social security454/9 | €5,110 | €2,551 | €2,546 | €1,306 | €2,839 | ▲ 117% |
| Other amounts payable47/48 | €95 | €59,373 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,988 | €20,837 | €23,844 | €8,902 | €7,183 | ▼ 19.3% |
| + Depreciation and write-downs630 | €1,145 | €984 | €1,600 | €2,987 | €3,793 | ▲ 27.0% |
| Operating cash flow (approximation) | €3,132 | €21,820 | €25,444 | €11,889 | €10,977 | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | €122 | -€9,655 | -€2,250 | -€4,150 | ▼ 84.4% |
| Change in cash | - | -€2,857 | -€24,293 | -€5,457 | -€8,496 | ▼ 55.7% |
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
26-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 15-07-2026
- Registered-office move, Kerkhofstraat 39, 9420 Mere
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €23,844 ▲14.4%
Operating result €37,865, net result €23,844, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.79
Current ratio from 2.09 to 4.79; short-term debt falls from €94,668 to €43,314.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €14,354
Net result €14,354 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €156,858 ▲10.1%
Equity rises from €142,504 to €156,858.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€12,223
Net result drops to -€12,223, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 1995
Ground area
1,807 m²
Building footprint
539 m²
Volume, LiDAR
2,579 m³
Parcel 41040A0503/00L000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CONELL BV
since 19952.073.203.764
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040A0503/00L000 | Flanders | 1,806 m² | 1 · 539 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 227 EUR awarded · 227 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 227 EUR | 227 EUR |
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Of 3,390 companies in sector 47761 we hold annual accounts for 1,156. 929 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
Founded06-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
95290Repair and maintenance of other personal and household goods
47521Retail sale of hardware, building materials, paint and glass (general range)
47820Retail sale of motor vehicle parts and accessories
Contact
Website
www.conell.be
E-mail
conell@telenet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455946718
Also
9925:BE0455946718
Registered
30-01-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.