Checked.be
Active
BE 0765.455.902Private limited company
Connect
Zomerlaan 1 ·9930 Lievegem, Belgium· 5 yrs active
Sector: Other business support services
(82990)
Conclusion
Connect has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €109k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 7538 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €61k |
| Net result | €109k |
| Staff (FTE) | 1.4 |
| Better than sector | 27% |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
76
Profitability
100
Solvency
32
Growth
78
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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.
Checked score
76
/ 100
Excellent
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.
Indicative credit limit
€5k
estimate, not credit advice
Score history
78
2022
78
2023
68
2024
76
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.14 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.14 (≥ 1.0)
+5
Leverage
Debt/equity 3.65 (> 3.0)
-10
Profitability
ROE 179% (≥ 10%)
+10
Interest coverage
Interest coverage 106.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-10-2025 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~6.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
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 82, Office administrative, office support and other business support activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.5% | 50.9% | |
| Net result | €109k | €16k | |
| Equity | €61k | €58k | |
| Gross operating margin | €210k | €40k | |
| Staff costs | €84k | €25k |
€126k
+38.8%
22-25
€109k
+24.7%
22-25
€119k
+30.1%
22-25
€284k
+26.1%
22-25
€61k
+2.2%
22-25
€29k
+6.2%
22-25
1
+27.3%
22-25
€84k
+92.2%
22-25
€6k
+56.6%
22-25
€223k
+34.8%
22-25
€211k
+43.3%
22-25
€12k
-35.0%
22-25
1.14
-4.0%
22-25
1.14
-4.0%
22-25
21.5%
-19.0%
22-25
3.65
+31.9%
22-25
179.3%
+22.1%
22-25
38.5%
-1.1%
22-25
106.02
-
22-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | +38.8% | +221.6% | - | - |
| Net profit | +24.7% | +295.9% | -64.2% | - |
| Cash flow | +30.1% | +298.3% | - | - |
| Staff costs | +92.2% | +126.4% | - | - |
| Income taxes | +56.6% | +345.8% | -92.2% | - |
| Dividends | - | - | - | - |
| Total assets | +26.1% | +43.0% | +19.9% | - |
| Equity | +2.2% | +14.7% | +0.3% | - |
| Debt | +34.8% | +57.0% | +32.7% | - |
| of which ≤ 1y | +43.3% | +40.0% | +32.7% | - |
| of which > 1y | -35.0% | - | - | - |
| Working capital | +6.2% | -17.5% | -36.7% | - |
| Employees (FTE) | +27.3% | +83.3% | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.14 | 1.18 | 1.31 | 1.65 |
| Quick ratio | 1.14 | 1.18 | 1.31 | 1.65 |
| Working capital ratio | 10.1% | 12.0% | 20.9% | 39.6% |
| Solvency | 21.5% | 26.5% | 33.1% | 39.6% |
| Debt / equity | 3.65 | 2.77 | 2.02 | 1.53 |
| Long-term debt ratio | 0.19 | 0.30 | - | - |
| Interest coverage | 106.02 | -20.77 | 6.36 | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 38.5% | 39.0% | 14.1% | 47.2% |
| ROE | 179.3% | 146.8% | 42.5% | 119.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €284k | €225k | €157k | €131k |
| Fixed assets | 21/28 | €44k | €50k | €19k | - |
| Intangible fixed assets | 21 | €4k | €5k | €7k | - |
| Tangible fixed assets | 22/27 | €40k | €45k | €13k | - |
| Current assets | 29/58 | €240k | €174k | €138k | €131k |
| Amounts receivable within one year | 40/41 | €94k | €76k | €47k | €61k |
| Investments | 50/53 | €65k | €65k | €60k | €43k |
| Cash & bank | 54/58 | €74k | €27k | €29k | €27k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €284k | €225k | €157k | €131k |
| Equity | 10/15 | €61k | €60k | €52k | €52k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k |
| Reserves | 13 | €41k | €40k | €32k | €32k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €0 |
| Amounts payable | 17/49 | €223k | €165k | €105k | €79k |
| Amounts payable after one year | 17 | €12k | €18k | - | - |
| Amounts payable within one year | 42/48 | €211k | €147k | €105k | €79k |
| Trade debts payable within one year | 44 | €82k | €54k | €80k | €42k |
| Income statement | |||||
| Gross operating margin | 9900 | €210k | €135k | €50k | €78k |
| Operating result | 9901 | €116k | €87k | €27k | €74k |
| Financial income | 75 | €1 | €0 | - | - |
| Financial charges | 65 | €1k | €-4k | €4k | €873 |
| Result before taxes | 9903 | €115k | €91k | €23k | €73k |
| Income taxes | 67/77 | €6k | €4k | €857 | €11k |
| Net result for the period | 9904 | €109k | €88k | €22k | €62k |
| Result to be appropriated | 9905 | €109k | €88k | €22k | €62k |
Legal Structure
| NACE primary | Other business support services(82990) |
| Legal form | Private limited company(610) |
| Incorporation | 22-03-2021 |
| Status | Active |
| Postal code | 9930 |
Establishment units
CONNECT
since 20212.316.706.230
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080D0988/00N000 | Flanders | 688 m² | 1 · 461 m² | 10.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2022net €109k ▲24.7%
Operating result €116k, net result €109k, both a record.
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €22k ▼64.2%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Other business support services82990Insurance agents and brokers66220Real estate agency activities68310Real estate activities68311
Names & trade names
| Legal nameNL | Connect |
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