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Conessence Engineering

Active
Private limited companyfounded 20223 yrs activeKortrijksesteenweg 1091, 9051 Gent, BelgiumKBO/BCE: BE 0794.812.555
Summary

Conessence Engineering has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3,382) and a net result of €15,984. Equity is shrinking by ~91% per year across the filed fiscal years. Its solvency ranks better than 9% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability68▲+68
Solvency22▲+22
Growth32=
Track record94
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.76 in 2024; short-term debt: 102.3% and cash: 14% of total assets), and equity is negative.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 3 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-2.6%
Return on assets
12.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8763 sector peers (2025).
NBB · sector comparison
Position among 8763 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
31 d late
2024
3 d early
2023
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 (3 of the last 3 filed years within 34 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 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 15 December 2022, Conessence Engineering was incorporated as a Private limited company.1 Total assets went from EUR 70,161 in 2023 to EUR 131,156 in 2025 and headcount from 0.9 to 3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€3,382▲ 82.5%
2024 · -€19,365
Total assets
€131,156▲ 150%
2024 · €52,509
Net result
€15,984
2024 · -€51,246
Working capital
-€3,021▲ 81.6%
2024 · -€16,447
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line202320242025
Operating result€30,882--€50,552€17,658
Net result€21,881within the sector's middle half--€51,246below the sector's middle half€15,984within the sector's middle half
Equity€31,881below the sector's middle half--€19,365below the sector's middle half-€3,382below the sector's middle half▲ 82.5%
Total assets€70,161below the sector's middle half-€52,509below the sector's middle half▼ 25.2%€131,156below the sector's middle half▲ 150%
Debt€38,280-€71,875▲ 87.8%€134,538▲ 87.2%
Working capital€34,128within the sector's middle half--€16,447below the sector's middle half-€3,021within the sector's middle half▲ 81.6%
Solvency45.4%within the sector's middle half--36.9%below the sector's middle half▼ 82.3pp-2.6%below the sector's middle half▲ 34.3pp
Current ratio1.95within the sector's middle half-0.76below the sector's middle half▼ 1.190.98within the sector's middle half▲ 0.22
Return on assets (ROA)31.2%above the sector's middle half--97.6%below the sector's middle half▼ 128.8pp12.2%within the sector's middle half▲ 109.8pp
Staff (FTE)0.9within the sector's middle half-2▲ 122%3above the sector's middle half▲ 50.0%
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€75,000-€50,000-€25,000€0€25,000Operating result 2023: €30,882€30,882Net result 2023: €21,881€21,881Operating result 2024: -€50,552-€50,552Net result 2024: -€51,246-€51,246Operating result 2025: €17,658€17,658Net result 2025: €15,984€15,984202320242025-€75,000-€50,000-€25,000€0€25,000Operating result 2023: €30,882€30,900Net result 2023: €21,881€21,900Operating result 2024: -€50,552-€50,600Net result 2024: -€51,246-€51,200Operating result 2025: €17,658€17,700Net result 2025: €15,984€16,000202320242025
The operating result returns to profit in 2025: €17,658 after a loss of €50,552 in 2024.
Key figures and ratios
2025 value · change against 2024
Debt to equity
-39.78▼
2024 · -3.71
Debt ≤ 1 year
€134,177▲
2024 · €68,956
Income taxes
€663▲
2024 · €367
Staff costs
€217,123▲
2024 · €138,694
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,021 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
5.8% went bankrupt
4.0% stopped otherwise
89% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,662 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 1,021 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 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€52,509€131,156▲
Current assets29/58€52,509€131,156▲
Amounts receivable within one year40/41€32,907€112,326▲
Trade receivables40€32,907€112,326▲
Cash at bank and in hand54/58€18,747€18,425▼
Deferred charges and accrued income490/1€855€406▼
Equity and liabilities
Total equity and liabilities10/49€52,509€131,156▲
Equity10/15-€19,365-€3,382▲
Contributions10/11€10,000€10,000=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14-€29,365-€13,382▲
Amounts payable17/49€71,875€134,538▲
Amounts payable within one year42/48€68,956€134,177▲
Current portion of amounts payable after more than one year42€4,250€3,616▼
Trade debts44€8,699€53,632▲
Suppliers440/4€8,699€53,632▲
Taxes, remuneration and social security45€31,007€21,430▼
Taxes450/3€14,030€16,862▲
Remuneration and social security454/9€16,978€4,568▼
Other amounts payable47/48€25,000€55,500▲
Accrued charges and deferred income492/3€2,919€361▼
Income statement Code20242025
Remuneration, social security and pensions62€138,694€217,123▲
Other operating charges640/8€141€544▲
Gross operating margin9900€88,283€235,325▲
Operating profit (loss)9901-€50,552€17,658▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€327€1,011▲
Recurring financial charges65€327€1,011▲
Profit (loss) for the period before taxes9903-€50,879€16,647▲
Income taxes67/77€367€663▲
Profit (loss) for the period9904-€51,246€15,984▲
Profit (loss) for the period to be appropriated9905-€51,246€15,984▲
Appropriation of the result
Profit (loss) to be appropriated9906-€49,365-€13,382▲
Profit (loss) brought forward from the previous period14P€1,881-€29,365▼
Transfer from equity791/2€20,000€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)9087-3.0

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€55,942€138,694€217,123▲ 56.5%
Other operating charges640/8€348€141€544▲ 287%
Gross operating margin9900€87,171€88,283€235,325▲ 167%
Operating profit (loss)9901€30,882-€50,552€17,658▲ 135%
Financial income75/76B--€0-
Recurring financial income75--€0-
Financial charges65/66B€215€327€1,011▲ 209%
Recurring financial charges65€215€327€1,011▲ 209%
Profit (loss) for the period before taxes9903€30,667-€50,879€16,647▲ 133%
Income taxes67/77€8,787€367€663▲ 80.7%
Profit (loss) for the period9904€21,881-€51,246€15,984▲ 131%
Profit (loss) for the period to be appropriated9905€21,881-€51,246€15,984▲ 131%
Line202320242025Change
Assets
Total assets20/58€70,161€52,509€131,156▲ 150%
Current assets29/58€70,161€52,509€131,156▲ 150%
Amounts receivable within one year40/41€57,381€32,907€112,326▲ 241%
Trade receivables40€57,381€32,907€112,326▲ 241%
Cash at bank and in hand54/58€11,655€18,747€18,425▼ 1.7%
Deferred charges and accrued income490/1€1,125€855€406▼ 52.5%
Equity and liabilities
Total equity and liabilities10/49€70,161€52,509€131,156▲ 150%
Equity10/15€31,881-€19,365-€3,382▲ 82.5%
Contributions10/11€10,000€10,000€10,000=
Reserves13€20,000€0--
Distributable reserves133€20,000€0--
Profit (loss) carried forward14€1,881-€29,365-€13,382▲ 54.4%
Amounts payable17/49€38,280€71,875€134,538▲ 87.2%
Amounts payable within one year42/48€36,033€68,956€134,177▲ 94.6%
Current portion of amounts payable after more than one year42-€4,250€3,616▼ 14.9%
Trade debts44€8,731€8,699€53,632▲ 517%
Suppliers440/4€8,731€8,699€53,632▲ 517%
Taxes, remuneration and social security45€27,301€31,007€21,430▼ 30.9%
Taxes450/3€16,966€14,030€16,862▲ 20.2%
Remuneration and social security454/9€10,335€16,978€4,568▼ 73.1%
Other amounts payable47/48-€25,000€55,500▲ 122%
Accrued charges and deferred income492/3€2,247€2,919€361▼ 87.6%
Line202320242025Change
Profit (loss) for the period9904€21,881-€51,246€15,984▲ 131%
Operating cash flow (approximation)€21,881-€51,246€15,984▲ 131%
Change in cash-€7,092-€322▼ 105%

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
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial Back to profitnet €15,984
Net result €15,984 after one loss-making year.
28-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€51,246
Net result drops to -€51,246, the lowest in the series; recovery starts the following year.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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 2022
seat establishment The establishment unit on the map
Ground area
1.1 ha
Building footprint
3,960 m²
Parcel 44062B0301/00D003, Flanders. Linked by address, not a title deed.
23 companies at this address See who is registered here
1 establishment unit
Conessence Engineering
Kortrijksesteenweg 1091, 9051 GentActivities of head offices; management consultancy activities
since 20222.341.004.136
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062B0301/00D003 Flanders 1.1 ha 1 · 3,960 m² -
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

4 owners

According to the 2023 annual accounts of Conessence Engineering 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.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 34,920 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
Founded15-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794812555
Registered 27-03-2026

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.