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Complete company report
Generated 20-08-2026
Active BE 0431.875.474Private limited company

CONNECT

Maastrichterstraat 71 ·3500 Hasselt, Belgium· 38 yrs active
Sector: Activiteiten van adviesbureaus op het gebied van public relations en communicatie (73300)
Conclusion Checked

The computed 12-month bankruptcy probability of CONNECT is 0.4% (very low). The 2025 annual accounts show equity of €704k and a net result of €397k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 39% of 76 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €704k
Net result €397k
Staff (FTE) 38.3
Better than sector 39%
Financial profile 5 of 5 axes measured · computed by Checked
Health78Profitability100Solvency56Growth78Stability100
82 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 78
Profitability 100
Solvency 56
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Multiple establishment units +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1987, 39 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
78 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 05-05-2026 with the NBB · fiscal year 2025 · verkort
€0€200k€400k€600k€800kOperating result 2021: €493k€493kNet result 2021: €593k€593kOperating result 2022: €566k€566kNet result 2022: €748k€748kOperating result 2023: €322k€322kNet result 2023: €605k€605kOperating result 2024: €481k€481kNet result 2024: €714k€714kOperating result 2025: €339k€339kNet result 2025: €397k€397k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 8 fiscal years (±0.6%/year).
€200k€400k€600k€800k2026: €320k (€264k - €377k)2027: €322k (€266k - €379k)2028: €324k (€268k - €381k)2018: €306k2019: €306k2020: €307k2021: €310k2022: €318k2023: €314k2024: €307k2025: €704k20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 73, Advertising & market research · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 30.0% 46.1%
better than 39% of 76 sector peers
Net result €397k €52k
better than 91% of 76 sector peers
Equity €704k €279k
better than 75% of 76 sector peers
Gross operating margin €3.05M €133k
better than 95% of 75 sector peers
Staff costs €2.66M €272k
higher than 95% of 37 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€391k
-28.0% 18-25
Net profit
€397k
-44.4% 18-25
Cash flow
€449k
-42.1% 18-25
Total assets
€2.34M
+20.4% 18-25
Equity
€704k
+129.1% 18-25
Working capital
€634k
+124.1% 18-25
Employees (FTE)
38
+1.9% 18-25
Staff costs
€2.66M
+8.8% 18-25
Show 12 other metrics
Income taxes
€102k
-27.7% 18-25
Dividends
€690k
+25.5% 18-25
Debt
€1.64M
+0.1% 18-25
Debt ≤ 1y
€1.59M
+4.7% 18-25
Debt > 1y
€4k
-98.1% 18-25
Current ratio
1.40
+18.0% 18-25
Quick ratio
1.40
+18.0% 18-25
Solvency
30.0%
+90.2% 18-25
Debt / equity
2.33
-56.3% 18-25
ROE
56.4%
-75.7% 18-25
ROA
16.9%
-53.8% 18-25
Interest coverage
9.73
-52.1% 18-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€391k
Net profit€397k
Cash flow€449k
Staff costs€2.66M
Income taxes€102k
Dividends-
Total assets€2.34M
Equity€704k
Debt€1.64M
of which ≤ 1y€1.59M
of which > 1y-
Working capital€634k
Employees (FTE)38.3
Ratios (computed)
2025
Current ratio1.40
Quick ratio1.40
Working capital ratio27.1%
Solvency30.0%
Debt / equity2.33
Long-term debt ratio-
Interest coverage9.73
Gross margin-
Net margin-
ROA16.9%
ROE56.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.34M
Fixed assets 21/28€124k
Tangible fixed assets 22/27€97k
Financial fixed assets 28€28k
Current assets 29/58€2.22M
Amounts receivable within one year 40/41€1.69M
Cash & bank 54/58€467k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.34M
Equity 10/15€704k
Contributions / capital 10/11€62k
Reserves 13€642k
Amounts payable 17/49€1.64M
Amounts payable within one year 42/48€1.59M
Trade debts payable within one year 44€683k
Income statement
Gross operating margin 9900€3.05M
Operating result 9901€339k
Financial income 75€200k
Financial charges 65€40k
Result before taxes 9903€499k
Income taxes 67/77€102k
Net result for the period 9904€397k
Result to be appropriated 9905€397k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 9 directors
Current directors & mandates
  • HaW bvLegal entity
    Managing director
    State Gazette act 22110723 (16-09-2022)
    Current
    06-03-2020 → present
    2 events
    • 16-09-2022 Appointed· Managing director
    • 06-03-2020 Appointed· Bestuurder, gedelegeerd bestuurder
  • HAW
    Director
    State Gazette act 23419561 (03-11-2023)
    Current
    08-07-2016 → present
    2 events
    • 03-11-2023 Appointed· Director
    • 08-07-2016 Appointed· Bijkomende bestuurder
  • Ann Vanheel
    Director
    State Gazette act 23419561 (03-11-2023)
    Current
    11-05-2015 → present
    4 events
    • 03-11-2023 Appointed· Director
    • 16-09-2022 Appointed· Director
    • 11-05-2015 Resigned· Raad van bestuur
    • 11-05-2015 Appointed· Managing director
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • De BVBA HAWLegal entity
    Managing director
    State Gazette act 16105570 (27-07-2016)
    Not recently confirmed
    last confirmed in an act from 2016
Permanent representatives (1)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
  • Bart Derison
    Vertegenwoordiger van haw
    State Gazette act 16094964 (08-07-2016)
    Permanent representative
    08-07-2016 → present
Former directors (5)
  • Bart Derison
    Managing director
    State Gazette act 20032626 (28-02-2020)
    Former
    11-05-2015 → 06-03-2020
    5 events
    • 06-03-2020 Resigned· Bestuurder, gedelegeerd bestuurder
    • 28-02-2020 Resigned· Director
    • 28-02-2020 Appointed· Managing director
    • 11-05-2015 Resigned· Raad van bestuur
    • 11-05-2015 Appointed· Managing director
  • De Heer DERISON Bart
    Managing director
    State Gazette act 16105570 (27-07-2016)
    Former
    - → 27-07-2016
  • Mevrouw VANHEEL Ann
    Managing director
    State Gazette act 16105570 (27-07-2016)
    Former
    - → 27-07-2016
  • Ronald Buckinx
    Director
    State Gazette act 16094964 (08-07-2016)
    Former
    - → 08-07-2016
    2 events
    • 08-07-2016 Resigned· Director
    • 11-05-2015 Resigned· Raad van bestuur
  • Geent Serneels
    Director
    State Gazette act 10050430 (08-04-2010)
    Former
    - → 08-04-2010
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Activiteiten van adviesbureaus op het gebied van public relations en communicatie(73300)
Legal form Private limited company(610)
Incorporation27-08-1987
StatusActive
Postal code3500
Establishment units 2 locations
Connect Belgium
Maastrichterstraat 71, 3500 Hasselthet verlenen van advies en praktische hulp aan de bedrijven i.v.m. public relations en communicatie
since 19872.030.145.464
Connect
Koloniënstraat 11, 1000 Brusselhet verlenen van advies en praktische hulp aan de bedrijven i.v.m. public relations en communicatie
since 20042.147.544.267
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21804D1424/00E002 Brussels 3,406 m² 1 · 3,354 m² 35.3 m · 9 fl.
71022H0625/00H000 Flanders 237 m² 1 · 149 m² 18.8 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 20 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
05-05-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
24-04-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
26-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
03-11-2023
State Gazette act Statutes amendment
v3.2
06-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
16-09-2022
State Gazette act Director changes
v3.2
11-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
04-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
03-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
06-03-2020
State Gazette act Director changes
v3.2
28-02-2020
State Gazette act Director changes
v3.2
2019
28-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
26-10-2018
State Gazette act Registered-office change
Notaris van de rechtbank van koophandel Antwerpen, afdeling Hasselt
02-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
24-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
27-07-2016
State Gazette act Director changes
v3.2
08-07-2016
State Gazette act Director changes
v3.2
2015
11-05-2015
State Gazette act Director changes
v3.2
2014
16-09-2014
State Gazette act Statutes amendment
v3.2
2010
08-04-2010
State Gazette act Director changes
v3.2
Belgian State Gazette reading coverage 0 of 15 acts read

We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 10 acts
Address history · 1
26-10-2018
Registered-office move
All acts · 10 updated 2 years ago
2023
03-11-2023 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "name_change": {
    "new": "",
    "old": "",
    "changed": false
  },
  "seat_change": {
    "changed": false
  },
  "object_change": {
    "changed": false
  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "CONNECT"
  },
  "legal_form_change": {
    "new": "Besloten vennootschap",
    "old": "Naamloze vennootschap",
    "changed": true
  }
}
2022
16-09-2022 2 directors appointed Director changes
  • Ann Vanheel, Bestuurder
  • HaW bv, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ann Vanheel",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "HaW bv",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
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  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "Connect"
  }
}
2020
06-03-2020 1 director appointed, 1 resigning Director changes
  • HaW bv, Bestuurder, gedelegeerd bestuurder
  • Bart Derison, Bestuurder, gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder, gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "Bart Derison",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder, gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "HaW bv",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
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  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "CONNECT"
  }
}
28-02-2020 1 director appointed, 1 resigning Director changes
  • Bart Derison, Gedelegeerd bestuurder
  • Bart Derison, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Bart Derison",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
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      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
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  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "CONNECT"
  }
}
2018
26-10-2018 Registered office moved from Hasselt to Lummen Registered-office change·Notaris van de rechtbank van koophandel Antwerpen, afdeling Hasselt
  • Maastrichterstraat 71 - 3500 Hasselt → Helvetiastraat 19b te 3560 Lummen
Notary: Notaris van de rechtbank van koophandel Antwerpen, afdeling Hasselt · Hasselt
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Helvetiastraat 19b te 3560 Lummen",
        "city": "Lummen",
        "region": "vlaams_gewest",
        "street": "Helvetiastraat",
        "country": "BE",
        "postcode": "3560",
        "box_number": null,
        "street_number": "19b",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Maastrichterstraat 71 - 3500 Hasselt",
        "city": "Hasselt",
        "region": "vlaams_gewest",
        "street": "Maastrichterstraat",
        "country": "BE",
        "postcode": "3500",
        "box_number": null,
        "street_number": "71",
        "locality_suffix": null
      },
      "effective_date": "2018-10-01",
      "evidence_quote": "De Bijzondere Algemene Vergadering neemt kennis van de volgende wijziging: de maatschappelijke zetel van HaW en dit van: het domicilieadres van Derison Bart en Vanheel Ann Rijkelstraat 13 te 3511 Kuringen naar: Helvetiastraat 19b te 3560 Lummen dd. 01/10/2018",
      "region_changed": false,
      "is_statute_change": false,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "Notaris van de rechtbank van koophandel Antwerpen, afdeling Hasselt",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Hasselt",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2018-10-26",
    "filing_date": "2018-10-17",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2018-10-17",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "CONNECT",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Derison Bart",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "Kennisname adreswijziging HaW",
    "Kennisname adreswijziging Derison Bart en Vanheel Ann"
  ]
}
2016
27-07-2016 1 director appointed, 2 resigning Director changes
  • De BVBA HAW, Gedelegeerd bestuurder
  • Mevrouw VANHEEL Ann, Gedelegeerd bestuurder
  • De Heer DERISON Bart, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
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        "name": "De Heer DERISON Bart",
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      }
    },
    {
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      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "De BVBA HAW",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "Connect"
  }
}
08-07-2016 2 directors appointed, 1 resigning Director changes
  • HAW, Bijkomende bestuurder
  • Bart Derison, Vertegenwoordiger van haw
  • Ronald Buckinx, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ronald Buckinx",
        "address": null,
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      }
    },
    {
      "kind": "director_in",
      "role": "bijkomende bestuurder",
      "person": {
        "rrn": null,
        "name": "HAW",
        "address": null,
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      }
    },
    {
      "kind": "director_in",
      "role": "vertegenwoordiger van HAW",
      "person": {
        "rrn": null,
        "name": "Bart Derison",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "Connect"
  }
}
2015
11-05-2015 2 directors appointed, 3 resigning Director changes
  • Bart Derison, Gedelegeerd bestuurder
  • Ann Vanheel, Gedelegeerd bestuurder
  • Bart Derison, Raad van bestuur
  • Ann Vanheel, Raad van bestuur
  • Ronald Buckinx, Raad van bestuur
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "Raad van Bestuur",
      "person": {
        "rrn": null,
        "name": "Bart Derison",
        "address": null,
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      }
    },
    {
      "kind": "director_out",
      "role": "Raad van Bestuur",
      "person": {
        "rrn": null,
        "name": "Ann Vanheel",
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      }
    },
    {
      "kind": "director_out",
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      }
    },
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    },
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  ],
  "schema": "v3.2",
  "act_meta": {
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  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "Connect"
  }
}
2014
16-09-2014 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "name_change": {
    "new": "CONNECT",
    "old": "GRCO",
    "changed": true
  },
  "seat_change": {
    "changed": false
  },
  "object_change": {
    "changed": false
  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "CONNECT"
  },
  "legal_form_change": {
    "new": "naamloze vennootschap",
    "old": "naamloze vennootschap",
    "changed": false
  }
}
2010
08-04-2010 Geent Serneels resigns as director Director changes
  • Geent Serneels, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Geent Serneels",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0431.875.474",
    "name_full": "RECHTBANK VAN KOOPHANDEL HASSELT"
  }
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Publiciteitsagentschappen74401Activiteiten van reclamebureaus73110
Primary activity highlighted.
Names & trade names
Legal nameNL CONNECT
Registered office
Maastrichterstraat 71
3500 Hasselt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative