Conncept
ActiveSummary
The annual accounts of Conncept for fiscal year 2024 show a net loss of 63% of the equity at the start of that year. The 2024 annual accounts show equity of €23,285 and a net result of -€40,147. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 20783 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-62
Solvency39▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 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 0.88 against 1.87 in 2023; short-term debt: 26.7% and cash: 13.7% of total assets), and 86.2% 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 · 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 →
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 2024Solvency, return and age of the figures
Solvency
13.8%
Return on assets
-23.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€40,147
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 20783 sector peers (2024).
NBB · sector comparisonPosition among 20783 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
28 d early
2022
28 d early
2021
11 d early
2020
17 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days before 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€23,285▼ 63.3%
2023 · €63,432
Total assets
€168,923▼ 20.5%
2023 · €212,371
Net result
-€40,147▼ 1,430%
2023 · -€2,624
Working capital
-€5,336
2023 · €32,603
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
Line20202021202220232024
Operating result€20,725▲ 329%€49,441▲ 139%-€1,401€691-€32,623
Net result€12,359within the sector's middle half▲ 1,292%€32,983within the sector's middle half▲ 167%-€5,182below the sector's middle half-€2,624below the sector's middle half▲ 49.4%-€40,147below the sector's middle half▼ 1,430%
Equity€32,055within the sector's middle half▲ 62.7%€65,039within the sector's middle half▲ 103%€59,857within the sector's middle half▼ 8.0%€63,432within the sector's middle half▲ 6.0%€23,285below the sector's middle half▼ 63.3%
Total assets€204,132within the sector's middle half▲ 1.0%€240,622within the sector's middle half▲ 17.9%€212,863within the sector's middle half▼ 11.5%€212,371within the sector's middle half▼ 0.2%€168,923within the sector's middle half▼ 20.5%
Debt€172,077▼ 5.6%€175,583▲ 2.0%€153,007▼ 12.9%€148,939▼ 2.7%€145,638▼ 2.2%
Working capital€4,673▲ 57.2%€30,658▲ 556%€23,332▼ 23.9%€32,603▲ 39.7%-€5,336
Solvency15.7%below the sector's middle half▲ 6.0pp27.0%below the sector's middle half▲ 11.3pp28.1%below the sector's middle half▲ 1.1pp29.9%below the sector's middle half▲ 1.7pp13.8%below the sector's middle half▼ 16.1pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €32,623 after €691 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €168,923
Fixed assets
€129,235 ▼ 9.3%
Current assets
€39,688 ▼ 43.2%
Equity and liabilities €168,923
Equity
€23,285 ▼ 63.3%
Debt
€145,638 ▼ 2.2%
Debt's share of the balance-sheet total rises from 70.1% to 86.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€19,410▼
2023 · €17,182
Cash flow
-€26,935▼
2023 · €13,866
Current ratio
0.88▼
2023 · 1.87
Debt to equity
6.25▲
2023 · 2.35
ROE
-172.4%▼
2023 · -4.1%
ROA
-23.8%▼
2023 · -1.2%
Interest coverage
-2.64▼
2023 · 5.40
Debt ≤ 1 year
€45,024▲
2023 · €37,321
Debt > 1 year
€100,614▼
2023 · €111,618
Income taxes
€224▼
2023 · €234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 1,295 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,441 | €15,034 | €15,760 | €16,490 | €13,212 | ▼ 19.9% |
| Other operating charges640/8 | - | €1,450 | €1,480 | €1,769 | €1,608 | ▼ 9.1% |
| Gross operating margin9900 | €34,935 | €65,925 | €15,840 | €18,950 | -€17,802 | ▼ 194% |
| Operating profit (loss)9901 | €20,725 | €49,441 | -€1,401 | €691 | -€32,623 | ▼ 4,820% |
| Financial income75/76B | - | - | - | €102 | €62 | ▼ 38.9% |
| Recurring financial income75 | €0 | - | - | €102 | €62 | ▼ 38.9% |
| Financial charges65/66B | - | €3,722 | €3,529 | €3,183 | €7,363 | ▲ 131% |
| Recurring financial charges65 | €3,789 | €3,722 | €3,529 | €3,183 | €7,363 | ▲ 131% |
| Profit (loss) for the period before taxes9903 | €16,935 | €45,718 | -€4,929 | -€2,390 | -€39,923 | ▼ 1,571% |
| Income taxes67/77 | €4,576 | €12,735 | €253 | €234 | €224 | ▼ 4.6% |
| Profit (loss) for the period9904 | €12,359 | €32,983 | -€5,182 | -€2,624 | -€40,147 | ▼ 1,430% |
| Profit (loss) for the period to be appropriated9905 | €12,359 | €32,983 | -€5,182 | -€2,624 | -€40,147 | ▼ 1,430% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €204,132 | €240,622 | €212,863 | €212,371 | €168,923 | ▼ 20.5% |
| Fixed assets21/28 | €170,804 | €167,395 | €158,937 | €142,447 | €129,235 | ▼ 9.3% |
| Tangible fixed assets22/27 | €170,804 | €167,395 | €158,937 | €142,447 | €129,235 | ▼ 9.3% |
| Land and buildings22 | - | €147,863 | €135,807 | €123,752 | €114,975 | ▼ 7.1% |
| Plant, machinery and equipment23 | - | €3,607 | €3,246 | €2,884 | €2,522 | ▼ 12.5% |
| Furniture and vehicles24 | - | €1,628 | €1,266 | €903 | €541 | ▼ 40.1% |
| Other tangible fixed assets26 | - | €14,297 | €18,619 | €14,907 | €11,196 | ▼ 24.9% |
| Current assets29/58 | €33,328 | €73,227 | €53,926 | €69,924 | €39,688 | ▼ 43.2% |
| Amounts receivable within one year40/41 | €12,629 | €25,140 | €19,360 | €12,100 | €12,489 | ▲ 3.2% |
| Trade receivables40 | - | €25,140 | €19,360 | €12,100 | €12,489 | ▲ 3.2% |
| Cash at bank and in hand54/58 | €20,699 | €36,277 | €25,118 | €51,102 | €23,203 | ▼ 54.6% |
| Deferred charges and accrued income490/1 | - | €11,810 | €9,448 | €6,722 | €3,997 | ▼ 40.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €204,132 | €240,622 | €212,863 | €212,371 | €168,923 | ▼ 20.5% |
| Equity10/15 | €32,055 | €65,039 | €59,857 | €63,432 | €23,285 | ▼ 63.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €52,639 | €47,457 | €44,832 | €44,832 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €50,779 | €45,597 | €44,832 | €44,832 | = |
| Profit (loss) carried forward14 | €17,795 | - | - | - | -€40,147 | - |
| Amounts payable17/49 | €172,077 | €175,583 | €153,007 | €148,939 | €145,638 | ▼ 2.2% |
| Amounts payable after more than one year17 | €143,422 | €133,015 | €122,413 | €111,618 | €100,614 | ▼ 9.9% |
| Financial debts170/4 | - | €133,015 | €122,413 | €111,618 | €100,614 | ▼ 9.9% |
| Amounts payable within one year42/48 | €28,655 | €42,568 | €30,594 | €37,321 | €45,024 | ▲ 20.6% |
| Current portion of amounts payable after more than one year42 | - | €10,407 | €10,602 | €10,795 | €11,004 | ▲ 1.9% |
| Financial debts43 | - | €12,065 | - | - | - | - |
| Credit institutions430/8 | - | €12,065 | - | - | - | - |
| Trade debts44 | €6,264 | €6,888 | €1,137 | €10,297 | €2,680 | ▼ 74.0% |
| Suppliers440/4 | - | €6,888 | €1,137 | €10,297 | €2,680 | ▼ 74.0% |
| Taxes, remuneration and social security45 | - | €5,786 | €8,601 | €6,227 | €5,473 | ▼ 12.1% |
| Taxes450/3 | - | €5,786 | €8,601 | €6,227 | €5,473 | ▼ 12.1% |
| Other amounts payable47/48 | - | €7,422 | €10,254 | €10,002 | €25,866 | ▲ 159% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,359 | €32,983 | -€5,182 | -€2,624 | -€40,147 | ▼ 1,430% |
| + Depreciation and write-downs630 | €12,441 | €15,034 | €15,760 | €16,490 | €13,212 | ▼ 19.9% |
| Operating cash flow (approximation) | €24,799 | €48,017 | €10,578 | €13,866 | -€26,935 | ▼ 294% |
| Investment in fixed assets (approximation) | - | -€11,625 | -€7,302 | €0 | €0 | - |
| Change in cash | - | €15,578 | -€11,159 | €25,984 | -€27,899 | ▼ 207% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€40,147
Net result drops to -€40,147, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €32,983 ▲167%
Operating result €49,441, net result €32,983, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Herk-de-Stad · 1 establishment unit since 2015
Ground area
1,149 m²
Building footprint
132 m²
Volume, LiDAR
755 m³
Parcel 71051C0622/00N002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NAVCon
since 20152.242.573.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71051C0622/00N002 | Flanders | 1,149 m² | 1 · 131 m² | 7.7 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 to 2025 · 3 entries · 2,265 EUR awarded · 3,015 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 519 EUR | 519 EUR |
| 2024 | 1 | 1,746 EUR | 1,746 EUR |
| 2023 | 1 | 0 EUR | 750 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 13,583 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
Founded23-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628907616
Registered
12-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.