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CONNECT GROUP

Active
Public limited companyfounded 199233 yrs activeIndustriestraat 4, 1910 Kampenhout, BelgiumKBO/BCE: BE 0448.332.911
Summary

CONNECT GROUP has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33.8m and a net result of -€26.0m. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 137 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-48
Solvency54▼-15
Growth65▼-20
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,550,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.59 in 2024; short-term debt: 64% and cash: 1.3% of total assets), and 71.4% of the assets are financed with debt.
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Signals

Six 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 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
28.6%
Return on assets
-22%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
31 d early
2024
28 d early
2023
49 d early
2022
56 d early
2021
3 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% 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 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

CONNECT GROUP was incorporated on 3 October 1992.1 Revenue grew from EUR 38 million in 2018 to EUR 117 million in 2025 and headcount from 84.6 to 213 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€116.8m▼ 0.5%
2024 · €117.3m
EBIT margin
-11.4%▼ 15.5pp
2024 · 4.1%
Net result
-€26.0m
2024 · €5.3m
Working capital
€17.8m▼ 54.5%
2024 · €39.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€32.4m▼ 1.0%€111.2m▲ 244%€131.7m▲ 18.4%€117.3m▼ 10.9%€116.8m▼ 0.5%
Operating result€1.8m▼ 53.6%€5.2m▲ 187%€8.6m▲ 65.5%€4.8m▼ 44.0%-€13.3m
Net result€8.6mabove the sector's middle half▲ 155%€4.8mabove the sector's middle half▼ 44.2%€13.2mabove the sector's middle half▲ 175%€5.3mabove the sector's middle half▼ 59.9%-€26.0mbelow the sector's middle half
EBIT margin5.6%▼ 6.3pp4.7%▼ 0.9pp6.5%▲ 1.9pp4.1%▼ 2.4pp-11.4%▼ 15.5pp
Equity€41.5mabove the sector's middle half▲ 26.2%€46.3mabove the sector's middle half▲ 11.6%€54.5mabove the sector's middle half▲ 17.7%€59.8mabove the sector's middle half▲ 9.7%€33.8mabove the sector's middle half▼ 43.5%
Total assets€81.3mabove the sector's middle half▲ 5.9%€116.1mabove the sector's middle half▲ 42.7%€130.9mabove the sector's middle half▲ 12.7%€135.0mabove the sector's middle half▲ 3.2%€118.1mabove the sector's middle half▼ 12.5%
Debt€39.7m▼ 9.3%€69.0m▲ 73.8%€75.5m▲ 9.5%€74.3m▼ 1.6%€77.5m▲ 4.3%
Working capital€10.4mabove the sector's middle half▼ 16.9%€31.7mabove the sector's middle half▲ 206%€38.1mabove the sector's middle half▲ 20.1%€39.2mabove the sector's middle half▲ 2.9%€17.8mabove the sector's middle half▼ 54.5%
Solvency51.0%within the sector's middle half▲ 8.2pp39.9%within the sector's middle half▼ 11.1pp41.6%within the sector's middle half▲ 1.8pp44.3%within the sector's middle half▲ 2.7pp28.6%within the sector's middle half▼ 15.7pp
Current ratio1.30within the sector's middle half=1.50within the sector's middle half▲ 0.201.56within the sector's middle half▲ 0.061.59within the sector's middle half▲ 0.031.24within the sector's middle half▼ 0.36
Return on assets (ROA)10.6%within the sector's middle half▲ 6.2pp4.1%within the sector's middle half▼ 6.4pp10.1%within the sector's middle half▲ 6.0pp3.9%within the sector's middle half▼ 6.2pp-22.0%below the sector's middle half▼ 26.0pp
Staff (FTE)88above the sector's middle half▼ 0.9%216.5above the sector's middle half▲ 146%216.6above the sector's middle half=214.8above the sector's middle half▼ 0.8%212.6above the sector's middle half▼ 1.0%
above within below the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€30.0m-€20.0m-€10.0m€0€10.0mOperating result 2021: €1.8m€1.8mNet result 2021: €8.6m€8.6mOperating result 2022: €5.2m€5.2mNet result 2022: €4.8m€4.8mOperating result 2023: €8.6m€8.6mNet result 2023: €13.2m€13.2mOperating result 2024: €4.8m€4.8mNet result 2024: €5.3m€5.3mOperating result 2025: -€13.3m-€13.3mNet result 2025: -€26.0m-€26.0m20212022202320242025-€30m-€20m-€10m€0€10mOperating result 2023: €8.6m€8.6mNet result 2023: €13.2m€13mOperating result 2024: €4.8m€4.8mNet result 2024: €5.3m€5.3mOperating result 2025: -€13.3m-€13mNet result 2025: -€26.0m-€26m202320242025
The operating result turns negative in 2025: a loss of €13.3m after €4.8m in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118.1m
Fixed assets €24.6m ▼ 17.3%
Current assets €93.4m ▼ 11.2%
Equity and liabilities €118.1m
Equity €33.8m ▼ 43.5%
Provisions €6.8m ▲ 675%
Debt €77.5m ▲ 4.3%
Debt's share of the balance-sheet total rises from 55.1% to 65.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€11.5m▼
2024 · €6.7m
Cash flow
-€24.2m▼
2024 · €7.2m
Quick ratio
0.89▼
2024 · 1.20
Debt to equity
2.30▲
2024 · 1.24
ROE
-77.1%▼
2024 · 8.9%
Interest coverage
-6.69▼
2024 · 3.17
Debt ≤ 1 year
€75.6m▲
2024 · €66.0m
Income taxes
€306,411▼
2024 · €571,607
Staff costs
€16.8m▲
2024 · €15.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,608 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 89% are still going.

  • 20 years or older
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
  • without size
4.1% went bankrupt
6.7% stopped otherwise
89% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 1,608 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 · 93 lines
Balance sheet Code20242025
Assets
Total assets20/58€135.0m€118.1m▼
Fixed assets21/28€29.8m€24.6m▼
Intangible fixed assets21€2.3m€1.2m▼
Tangible fixed assets22/27€3.2m€5.7m▲
Land and buildings22€2.0m€2.0m=
Plant, machinery and equipment23€846,372€899,743▲
Furniture and vehicles24€266,395€234,643▼
Assets under construction and advance payments27€59,816€2.6m▲
Financial fixed assets28€24.3m€17.8m▼
Affiliated companies280/1€24.3m€17.8m▼
Participating interests280€24.3m€17.8m▼
Other financial fixed assets284/8€3,688€6,550▲
Amounts receivable and cash guarantees285/8€3,688€6,550▲
Current assets29/58€105.2m€93.4m▼
Amounts receivable after more than one year29€6.0m€15.7m▲
Other amounts receivable291€6.0m€15.7m▲
Stocks and contracts in progress3€26.1m€25.8m▼
Stocks30/36€26.1m€25.8m▼
Raw materials and consumables30/31€24.5m€23.3m▼
Work in progress32€1.1m€2.2m▲
Finished goods33€420,038€217,587▼
Amounts receivable within one year40/41€72.2m€49.4m▼
Trade receivables40€31.9m€26.2m▼
Other amounts receivable41€40.3m€23.1m▼
Cash at bank and in hand54/58€1,423€1.6m▲
Deferred charges and accrued income490/1€890,094€1.0m▲
Equity and liabilities
Total equity and liabilities10/49€135.0m€118.1m▼
Equity10/15€59.8m€33.8m▼
Contributions10/11€48.4m€48.4m=
Capital10€1.7m€1.7m=
Issued capital100€1.7m€1.7m=
Outside capital11€46.8m€46.8m=
Share premium1100/10€46.8m€46.8m=
Reserves13€165,875€165,875=
Non-distributable reserves130/1€165,875€165,875=
Legal reserve130€165,875€165,875=
Profit (loss) carried forward14€11.2m-€14.8m▼
Provisions and deferred taxes16€876,306€6.8m▲
Provisions for liabilities and charges160/5€876,306€6.8m▲
Pensions and similar obligations160€376,306€362,813▼
Other liabilities and charges164/5€500,000€6.4m▲
Amounts payable17/49€74.3m€77.5m▲
Amounts payable after more than one year17€6.8m-
Financial debts170/4€6.8m-
Credit institutions173€6.8m-
Amounts payable within one year42/48€66.0m€75.6m▲
Current portion of amounts payable after more than one year42€4.6m€12.5m▲
Financial debts43€27.2m€24.6m▼
Credit institutions430/8€14.7m€10.8m▼
Other loans439€12.5m€13.8m▲
Trade debts44€27.0m€32.2m▲
Suppliers440/4€27.0m€32.2m▲
Advances received on contracts in progress46€2.4m€2.0m▼
Taxes, remuneration and social security45€4.8m€4.4m▼
Taxes450/3€2.1m€1.3m▼
Remuneration and social security454/9€2.7m€3.1m▲
Accrued charges and deferred income492/3€1.5m€1.9m▲
Income statement Code20242025
Operating income70/76A€124.8m€127.8m▲
Turnover70€117.3m€116.8m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€915,620€941,088▲
Own construction capitalised72-€2.5m
Other operating income74€8.3m€7.5m▼
Non-recurring operating income76A€67,200€31,692▼
Operating charges60/66A€120.0m€141.1m▲
Goods for resale, raw materials and consumables60€89.1m€90.8m▲
Purchases600/8€89.3m€90.9m▲
Change in stocks: decrease (increase)609-€193,250-€48,107▲
Services and other goods61€13.2m€15.3m▲
Remuneration, social security and pensions62€15.8m€16.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.9m€1.8m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€372,926€10.2m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€470-€13,493▼
Other operating charges640/8€248,991€176,487▼
Non-recurring operating charges66A€275€5.9m▲
Operating profit (loss)9901€4.8m-€13.3m▼
Financial income75/76B€3.4m€2.5m▼
Recurring financial income75€3.4m€2.5m▼
Income from financial fixed assets750€19,945€20,312▲
Income from current assets751€2.8m€2.2m▼
Other financial income752/9€660,243€313,154▼
Financial charges65/66B€2.4m€14.9m▲
Recurring financial charges65€2.4m€2.4m▲
Debt charges650€2.1m€1.7m▼
Other financial charges652/9€251,342€691,782▲
Non-recurring financial charges66B-€12.5m
Profit (loss) for the period before taxes9903€5.9m-€25.7m▼
Income taxes67/77€571,607€306,411▼
Taxes670/3€571,607€306,411▼
Profit (loss) for the period9904€5.3m-€26.0m▼
Profit (loss) for the period to be appropriated9905€5.3m-€26.0m▼
Appropriation of the result
Profit (loss) to be appropriated9906€11.2m-€14.8m▼
Profit (loss) brought forward from the previous period14P€5.9m€11.2m▲
Social balance
Average headcount (FTE)9087214.8212.6▼

The notes to these accounts (97 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€37.0m€114.4m€138.7m€124.8m€127.8m▲ 2.4%
Turnover70€32.4m€111.2m€131.7m€117.3m€116.8m▼ 0.5%
Change in stocks of work in progress, finished goods and contracts in progress71€434,400€109,586€758,739-€915,620€941,088▲ 203%
Own construction capitalised72----€2.5m-
Other operating income74€4.0m€3.0m€6.2m€8.3m€7.5m▼ 9.4%
Non-recurring operating income76A€203,720€30,479€47,778€67,200€31,692▼ 52.8%
Operating charges60/66A€35.2m€109.2m€130.1m€120.0m€141.1m▲ 17.6%
Goods for resale, raw materials and consumables60€23.7m€84.2m€100.8m€89.1m€90.8m▲ 2.0%
Purchases600/8€25.1m€91.1m€97.4m€89.3m€90.9m▲ 1.8%
Change in stocks: decrease (increase)609-€1.4m-€6.9m€3.4m-€193,250-€48,107▲ 75.1%
Services and other goods61€4.1m€7.8m€11.3m€13.2m€15.3m▲ 15.9%
Remuneration, social security and pensions62€6.8m€14.1m€15.9m€15.8m€16.8m▲ 6.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€449,991€2.1m€2.0m€1.9m€1.8m▼ 3.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€40,317€913,903-€157,164-€372,926€10.2m▲ 2,828%
Provisions for liabilities and charges: additions (uses and reversals)635/8€613-€14,442€11,094€470-€13,493▼ 2,971%
Other operating charges640/8€35,257€172,974€179,642€248,991€176,487▼ 29.1%
Non-recurring operating charges66A€441€1,419€204€275€5.9m▲ 2,154,465%
Operating profit (loss)9901€1.8m€5.2m€8.6m€4.8m-€13.3m▼ 377%
Financial income75/76B€13.6m€1.7m€8.8m€3.4m€2.5m▼ 27.7%
Recurring financial income75€13.6m€1.7m€8.8m€3.4m€2.5m▼ 27.7%
Income from financial fixed assets750-€29,493€6.1m€19,945€20,312▲ 1.8%
Income from current assets751€13.0m€973,700€2.4m€2.8m€2.2m▼ 22.0%
Other financial income752/9€664,918€707,685€303,936€660,243€313,154▼ 52.6%
Financial charges65/66B€6.8m€1.6m€2.8m€2.4m€14.9m▲ 527%
Recurring financial charges65€2.3m€1.6m€2.8m€2.4m€2.4m▲ 1.2%
Debt charges650€590,324€896,337€2.1m€2.1m€1.7m▼ 19.4%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€1.4m-----
Other financial charges652/9€273,580€752,303€695,513€251,342€691,782▲ 175%
Non-recurring financial charges66B€4.5m---€12.5m-
Profit (loss) for the period before taxes9903€8.6m€5.2m€14.6m€5.9m-€25.7m▼ 538%
Income taxes67/77€23,772€449,190€1.4m€571,607€306,411▼ 46.4%
Taxes670/3€27,064€463,451€1.4m€571,607€306,411▼ 46.4%
Tax adjustments and reversals of tax provisions77€3,292€14,261€16,953---
Profit (loss) for the period9904€8.6m€4.8m€13.2m€5.3m-€26.0m▼ 591%
Profit (loss) for the period to be appropriated9905€8.6m€4.8m€13.2m€5.3m-€26.0m▼ 591%
Line20212022202320242025Change
Assets
Total assets20/58€81.3m€116.1m€130.9m€135.0m€118.1m▼ 12.5%
Fixed assets21/28€36.1m€20.9m€24.8m€29.8m€24.6m▼ 17.3%
Intangible fixed assets21€111,720€4.7m€3.5m€2.3m€1.2m▼ 50.0%
Tangible fixed assets22/27€1.7m€3.3m€3.5m€3.2m€5.7m▲ 79.4%
Land and buildings22€670,729€2.1m€2.1m€2.0m€2.0m=
Plant, machinery and equipment23€318,354€1.1m€1.1m€846,372€899,743▲ 6.3%
Furniture and vehicles24€97,508€187,918€226,947€266,395€234,643▼ 11.9%
Other tangible fixed assets26€200,000-----
Assets under construction and advance payments27€418,776€27,658-€59,816€2.6m▲ 4,182%
Financial fixed assets28€34.3m€12.8m€17.8m€24.3m€17.8m▼ 26.8%
Affiliated companies280/1€34.2m€12.8m€17.8m€24.3m€17.8m▼ 26.8%
Participating interests280€34.2m€12.8m€17.8m€24.3m€17.8m▼ 26.8%
Other financial fixed assets284/8€3,689€3,688€3,688€3,688€6,550▲ 77.6%
Amounts receivable and cash guarantees285/8€3,689€3,688€3,688€3,688€6,550▲ 77.6%
Current assets29/58€45.3m€95.2m€106.1m€105.2m€93.4m▼ 11.2%
Amounts receivable after more than one year29€12.0m€6.0m€6.0m€6.0m€15.7m▲ 162%
Other amounts receivable291€12.0m€6.0m€6.0m€6.0m€15.7m▲ 162%
Stocks and contracts in progress3€3.0m€28.2m€25.7m€26.1m€25.8m▼ 1.1%
Stocks30/36€3.0m€28.2m€25.7m€26.1m€25.8m▼ 1.1%
Raw materials and consumables30/31€1.5m€26.5m€23.3m€24.5m€23.3m▼ 5.0%
Work in progress32€1.1m€1.3m€2.1m€1.1m€2.2m▲ 104%
Finished goods33€435,469€360,869€348,903€420,038€217,587▼ 48.2%
Amounts receivable within one year40/41€29.5m€60.3m€73.5m€72.2m€49.4m▼ 31.7%
Trade receivables40€12.5m€27.6m€34.9m€31.9m€26.2m▼ 17.9%
Other amounts receivable41€17.0m€32.7m€38.6m€40.3m€23.1m▼ 42.6%
Cash at bank and in hand54/58€18,279€78,490€5,481€1,423€1.6m▲ 109,645%
Deferred charges and accrued income490/1€745,144€747,232€818,762€890,094€1.0m▲ 15.5%
Equity and liabilities
Total equity and liabilities10/49€81.3m€116.1m€130.9m€135.0m€118.1m▼ 12.5%
Equity10/15€41.5m€46.3m€54.5m€59.8m€33.8m▼ 43.5%
Contributions10/11€48.4m€48.4m€48.4m€48.4m€48.4m=
Capital10€1.7m€1.7m€1.7m€1.7m€1.7m=
Issued capital100€1.7m€1.7m€1.7m€1.7m€1.7m=
Outside capital11€46.8m€46.8m€46.8m€46.8m€46.8m=
Share premium1100/10€46.8m€46.8m€46.8m€46.8m€46.8m=
Reserves13€42,993€42,993€165,875€165,875€165,875=
Non-distributable reserves130/1€42,993€42,993€165,875€165,875€165,875=
Legal reserve130€42,993€42,993€165,875€165,875€165,875=
Profit (loss) carried forward14-€7.0m-€2.2m€5.9m€11.2m-€14.8m▼ 233%
Provisions and deferred taxes16€202,807€864,742€875,836€876,306€6.8m▲ 675%
Provisions for liabilities and charges160/5€202,807€864,742€875,836€876,306€6.8m▲ 675%
Pensions and similar obligations160€202,807€364,742€375,836€376,306€362,813▼ 3.6%
Other liabilities and charges164/5-€500,000€500,000€500,000€6.4m▲ 1,185%
Amounts payable17/49€39.7m€69.0m€75.5m€74.3m€77.5m▲ 4.3%
Amounts payable after more than one year17€3.3m€3.5m€5.9m€6.8m--
Financial debts170/4€3.3m€3.5m€5.9m€6.8m--
Credit institutions173€3.3m€3.5m€5.9m€6.8m--
Amounts payable within one year42/48€34.9m€63.5m€68.0m€66.0m€75.6m▲ 14.6%
Current portion of amounts payable after more than one year42€2.2m€3.0m€3.6m€4.6m€12.5m▲ 172%
Financial debts43€23.0m€32.0m€33.9m€27.2m€24.6m▼ 9.6%
Credit institutions430/8€7.5m€17.5m€22.9m€14.7m€10.8m▼ 26.6%
Other loans439€15.5m€14.5m€11.0m€12.5m€13.8m▲ 10.4%
Trade debts44€5.9m€18.8m€20.1m€27.0m€32.2m▲ 19.2%
Suppliers440/4€5.9m€18.8m€20.1m€27.0m€32.2m▲ 19.2%
Advances received on contracts in progress46€630,372€2.7m€4.6m€2.4m€2.0m▼ 17.9%
Taxes, remuneration and social security45€3.1m€4.5m€5.8m€4.8m€4.4m▼ 8.8%
Taxes450/3€1.1m€1.2m€2.7m€2.1m€1.3m▼ 39.2%
Remuneration and social security454/9€2.0m€3.3m€3.1m€2.7m€3.1m▲ 14.5%
Other amounts payable47/48-€2.5m----
Accrued charges and deferred income492/3€1.5m€1.9m€1.6m€1.5m€1.9m▲ 27.9%
Line20212022202320242025Change
Profit (loss) for the period9904€8.6m€4.8m€13.2m€5.3m-€26.0m▼ 591%
+ Depreciation and write-downs630€449,991€2.1m€2.0m€1.9m€1.8m▼ 3.9%
Operating cash flow (approximation)€9.0m€6.9m€15.3m€7.2m-€24.2m▼ 435%
Investment in fixed assets (approximation)-€13.1m-€6.0m-€6.9m€3.3m▲ 148%
Change in cash-€60,211-€73,009-€4,058€1.6m▲ 38,549%

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
06-07
State Gazette act Resignation: Focus Advies BV (director)
Permanent representative: Dominique Roux · Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor) · Power of attorney5 facts ▸
  • General meeting, 25-06-2026
  • Director resignation, Focus Advies BV (director)
  • Permanent representative, Dominique Roux (permanent representative)
  • Power of attorney
  • Auditor reappointment, Deloitte Bedrijfsrevisoren (statutory auditor)
01-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
30-06
NBB filing Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial Weakest financial yearnet -€26.0m
Net result drops to -€26.0m, the lowest in the series.
04-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
03-07
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
2024
09-07
NBB filing Annual accounts filed
fiscal year 2023 · consolidated
12-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €13.2m ▲175%
Operating result €8.6m, net result €13.2m, both a record.
31-12
Financial Equity above €50mEq €54.5m ▲17.7%
6 profitable years in a row build equity to €54.5m.
05-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
05-06
NBB filing Annual accounts filed
fiscal year 2022 · consolidated
2022
03-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 3 days late
03-08
NBB filing Annual accounts filed
fiscal year 2021 · consolidated · 3 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 42 acts read
About the unread acts

Of the 42 Belgian State Gazette acts we know for this company, 1 has been read. The other 41 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
no sitting director, last change in 2026

Statutory auditor 1

Deloitte Bedrijfsrevisoren
Statutory auditor · since 06-07-2026 · perm. rep.: Hannes Poelmans
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
41 of this company's 42 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kampenhout · 2 establishment units since 2000
seat establishment All 2 establishment units on the map
Ground area
2.2 ha
Building footprint
1.1 ha
Volume, LiDAR
58,292 m³
3 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Connect Group
Industriestraat 9, 1910 KampenhoutFinancial service activities, except insurance and pension funding
since 20002.059.710.569
Connect Group
Bargiestraat 2, 8900 IeperNACE 33201
since 20072.160.967.483
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23038A0075/00G002 Flanders 8,381 m² 1 · 3,731 m² 6.9 m · 2 fl.
23038A0073/00T007 Flanders 7,847 m² 1 · 3,890 m² 7.6 m · 2 fl.
33305B0936/06_000 Flanders 5,943 m² 1 · 3,036 m² 7.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Deloitte Bedrijfsrevisoren
  • Statutory auditor, from 06-07-2026 to date
FOCUS ADVIES
  • Director, until 06-07-2026
See the board, name and seat on a given date →

Structure & network

Part of the group HUUB BAREN 5 companies Group, risk and exposure

Owners and holdings

2 owners · 7 holdings

Chain of control

  1. HUUB BAREN 84.37%
  2. IPTE Factory Automation 90%
  3. CONNECT GROUP

Highest known parent: HUUB BAREN. The sources do not say who stands above it.

Owners 2

Holdings 7

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

According to the 2025 annual accounts of CONNECT GROUP 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 174,174 EUR awarded · 54,406 EUR paid
Year Entries awardedpaid
2025 2 167,848 EUR48,080 EUR
2024 1 1,598 EUR1,598 EUR
2023 1 3,035 EUR3,035 EUR
2022 1 1,693 EUR1,693 EUR
Schemes
1 entry · 162,768 EUR · 43,000 EUR paid · Fonds voor Innoveren en Ondernemen
4 entries · 11,406 EUR · 11,406 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

549300ZBH35PGY3I7G84
live in the LEI register

Similar companies · same sector, comparable size

Of 248 companies in sector 26110 we hold annual accounts for 182. 42 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded03-10-1992
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
26120Manufacture of computer, electronic and optical products
26510Manufacture of computer, electronic and optical products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0448332911
Also 9925:BE0448332911

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

10 convocations
Ordinary general meeting
on 24-04-2019 at 17u · published 29-03-2019
Agenda
1. Verrichtingen inzake inkoop en vervreemding van eigen aandelen. Voorstel tot kennisneming van de verrichtingen inzake inkoop en vervreemding van eigen aandelen. 2. Verslag van de raad van bestuur met betrekking tot de jaarrekening per 31 december 2018 en de geconsolideerde jaarrekening per 31 december 2018. Voorstel tot kennisneming van het verslag van de raad van bestuur met betrekking tot de jaarrekening per eenendertig december tweedui- zend achttien en de geconsolideerde jaarrekening per eenen- dertig december tweeduizend achttien. 3. Verslag van de commissaris met betrekking tot de jaarrekening per 31 december 2018 en de geconsolideerde jaarrekening per 31 december 2018. Voorstel tot ...
Ordinary general meeting
on 19-04-2017 at 17u · published 24-03-2017
Agenda
1. Verrichtingen inzake inkoop en vervreemding van eigen aandelen. Voorstel tot kennisneming van de verrichtingen inzake inkoop en vervreemding van eigen aandelen. 2. Verslag van de raad van bestuur met betrekking tot de jaar- rekening per 31 december 2016 en de geconsolideerde jaarrekening per 31 december 2016. Voorstel tot kennisneming van het verslag van de raad van bestuur met betrekking tot de jaarrekening per eenendertig december tweedui- zend zestien en de geconsolideerde jaarrekening per eenen- dertig december tweeduizend zestien. 3. Verslag van de commissaris met betrekking tot de jaarrekening per 31 december 2016 en de geconsolideerde jaarrekening per 31 december 2016. Voorstel tot ...
Extraordinary general meeting
on 10-06-2016 at 17u · published 17-05-2016
Agenda
1. Benoeming bestuurder Voorstel tot benoeming van bestuurder Klaus Kroesen, wonende te 46397 Bocholt (Duitsland), Wolbringstrasse 24, ingaand op datum van de buitengewone algemene vergadering 16 juni 2016, en eindigend op de algemene vergadering van 2020. 1. Toelatingsvoorwaarden Conform artikel 536 §2 W. Venn., mogen de aandeelhouders enkel aan de algemene vergadering deelnemen er er hun stemrecht uitoe- fenen als aan de volgende twee voorwaarden is voldaan : 1. Op basis van de met toepassing van de hieronder beschreven registratieprocedure moet de vennootschap kunnen vaststellen dat u op 2 juni 2016 (de registratiedatum) om middernacht in het bezit was van het aantal aandelen waarvoor u v ...
Ordinary general meeting
on 20-04-2016 at 17.00u · published 25-03-2016
Agenda
1. Verrichtingen inzake inkoop en vervreemding van eigen aandelen. Voorstel tot kennisneming van de verrichtingen inzake inkoop en vervreemding van eigen aandelen. 2. Verslag van de raad van bestuur met betrekking tot de jaarrekening per 31 december 2015 en de geconsolideerde jaarrekening per 31 december 2015. Voorstel tot kennisneming van het verslag van de raad van bestuur met betrekking tot de jaarrekening per eenendertig december tweedui- zend vijftien en de geconsolideerde jaarrekening per eenen- dertig december tweeduizend vijftien. 3. Verslag van de commissaris met betrekking tot de jaarrekening per 31 december 2015 en de geconsolideerde jaarrekening per 31 december 2015. Voorstel tot ...
Extraordinary general meeting
on 05-04-2016 · published 30-03-2016
Show 5 more convocations
Extraordinary general meeting
on 05-04-2016 at 11u · published 03-03-2016
Agenda
en voorstellen tot besluit : I. Besluit tot kapitaalverhoging door inbreng in geld. Eerste agendapunt : Kapitaalverhoging onder opschortende voor- waarde en met voorkeurrecht, door inbreng in geld ten belope van maximaal 4.939.211,40 EUR (vier miljoen negenhonderdnegenender- tigduizend tweehonderd en elf euro veertig eurocent), met inbegrip van de uitgiftepremie, door uitgifte van nieuwe aandelen zonder nominale waarde van dezelfde soort als de bestaande aandelen. Voorstel tot eerste besluit : « De algemene vergadering besluit het kapitaal van de vennootschap te verhogen door inbreng in geld ten belope van minimum 3.000.000 EUR (drie miljoen euro) en maximum 4.939.211,40 EUR (vier miljoen ne ...
Ordinary general meeting
on 23-04-2014 at 17u · published 28-03-2014
Agenda
1. Verrichtingen inzake inkoop en vervreemding van eigen aandelen. Voorstel tot kennisneming van de verrichtingen inzake inkoop en vervreemding van eigen aandelen. 2. Verslag van de raad van bestuur met betrekking tot de jaarrekening per 31 december 2013 en de geconsolideerde jaarrekening per 31 december 2013. Voorstel tot kennisneming van het verslag van de raad van bestuur met betrekking tot de jaarrekening per eenendertig december tweedui- zend dertien en de geconsolideerde jaarrekening per eenen- dertig december tweeduizend dertien. 3. Verslag van de commissaris met betrekking tot de jaarrekening per 31 december 2013 en de geconsolideerde jaarrekening per 31 december 2013. Voorstel tot k ...
Extraordinary general meeting
on 08-08-2011 · at the registered office · published 07-07-2011
Agenda
Voorstel om over te gaan tot benoeming van volgende bestuurders : Adprimum BVBA, met maatschappelijke zetel te 1674 Pepingen, Trapstraat 47, en met ondernemingsnummer 0896.565.951, vast verte- genwoordigd door Robert Van Hoofstat. Mentofacturing BVBA, met maatschappelijke zetel te 3920 Lommel, Zonnedauwstraat 21, en met ondernemingsnummer 0470.743.869, vast vertegenwoordigd door Willy Hendrickx. Peter Watteeuw, wonende te 8300 Knokke-Heist, Duinendreef 56. Voormelde benoemingen lopen
General meeting
on 26-04-2011 · at the registered office · published 29-03-2011
Agenda
1. Voorstel tot kennisneming van de verrichtingen inzake inkoop en vervreemding van eigen aandelen. 2. Voorstel tot kennisneming van het verslag van de raad van bestuur met betrekking tot de jaarrekening per éénendertig december tweedui- zend en tien en de geconsolideerde jaarrekening per éénender- tig december tweeduizend en tien. 3. Voorstel tot kennisneming van het verslag van de commissaris met betrekking tot de jaarrekening per éénendertig december tweeduizend en tien en de geconsolideerde jaarrekening per éénender- tig december tweeduizend en tien. 4. Voorstel tot goedkeuring van de enkelvoudige jaarrekening per éénendertig december tweeduizend en tien. 5. Voorstel tot kennisneming van ...
Extraordinary general meeting
on 09-08-2010 at 10u · at the registered office · published 30-06-2010
Agenda
1. Kennisname en bespreking van het hierna genoemde stuk dat kosteloos ter beschikking is van de aandeelhouders : het fusievoorstel, dat werd neergelegd ter griffie van de rechtbank van koophandel te Tongeren, in toepassing van artikel 719 van het Wetboek van vennoot- schappen. 2. Beslissing tot fusie waarbij de naamloze vennootschap ″Connect Group″, waarvan de zetel gevestigd is Geleenlaan 5, 3600 Genk, ingeschreven in het rechtspersonenregister onder nummer (RPR Tongeren) 0448.332.911, de naamloze vennootschap ″Connectro- nics″, waarvan de zetel gevestigd is Industriestraat 4, 1910 Kampen- hout, ingeschreven in het rechtspersonenregister onder nummer (RPR Brussel) 0455.717.975, overneemt i ...