Equity
€33.8m from €59.8m in 2024
Equity fell by 44% in 1 year.
CONNECT GROUP
Part of the group
23 companies in 13 countries
Lifetime
18 annual accounts with figures on one time axis, 31 filings since 1993peak €131.7m (2023)
€116.8m▼ 0.5%
lowest -€26.0m (2025)
-€26.0m▼ €31.3m
peak €59.8m (2024)
€33.8m▼ 43.5%
€77.5m▲ 4.3%
peak 316.2 FTE (2008)
212.6 FTE▼ 1.0%
Board18 names since 2015all names
6 directors and 5 others
Owners4 names in the annual accounts
90% and 1 other
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
Loss of €26.0mPermanent representative: 04-111 director reappointed 10-03Equity from €59.8m to €33.8mCash from €1,423 to €1.6m
Key points
from the 2025 annual accountsResult
-€26.0m -€26.0m
From profit to loss in 2025, after a profit of €5.3m in 2024.
Investments
€3.2m 1.7 × depreciation
Green is investment, beige is depreciation.
Staff
212.6 FTE from 316.2 in 2008
Between 2008 and 2025, 33% of the full-time equivalents disappeared. Merger absorbing CONNECTSYSTEMS, Official Gazette 20-10-2022.
Payment terms
111 days to suppliers
CONNECT GROUP pays its suppliers 15 days later than in 2024. Customers pay 17 days earlier.
Position in the sector
-€26.0m
Lower net result than 95% of companies in computer and electronic products. Sector median €331,138 · 111 companies.
Standalone figures, without subsidiaries
Group, consolidated 2025: turnover €358.4m, result -€17.7m
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,613 companies had the same profile as CONNECT GROUP has now. Each dot stands for 5 companies, two years later.
88.7%
were still trading
6.9%
stopped another way
4.1%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,613 companies, not a prediction for CONNECT GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Managing director
Director,
Director, , since 25-05-2023
Director,
Director, , since 01-01-2024
Auditor,
- 90%score equity €30.2m (2025) · annual accounts 2025
- 10%score equity €25.4m (2025) · annual accounts 2025
Shares in 7 companies, including . and
Board & ownershipRecent changes
1 director resigning, 1 statutory auditor reappointed
Resignation: · Permanent representative: · Reappointment: (statutory auditor) · General meeting of 25-06-2026 · Gazette deed
Permanent representative:
Gazette deed
1 director reappointed
· Permanent representatives: and · General meeting of 21-12-2023 · Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen · Kampenhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CONNECT GROUP Kampenhout | €116.8m | -11.4% | 28.6% | 212.6 |
| Psicontrol Ypres | €75.1m | 12.1% | 85.7% | 157.7 |
| PSS BELGIUM Dendermonde | €135.7m | 0.8% | 44.7% | 283.2 |
| THALES ALENIA SPACE BELGIUM Charleroi | €60.0m | -70.9% | 34.3% | 485.2 |
| Rolls-Royce Solutions Liège Grâce-Hollogne | €47.9m | -2.1% | 27.4% | 139.1 |
| ADVIONICS Oostkamp | €51.5m | 16.6% | 23.4% | 189 |
| Valeo Vision Belgique Ath | €94.7m | -11.2% | -49.3% | 553 |
Grey: the largest companies of the sector (computer and electronic products (NACE 26)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CONNECT GROUP: manufacture of computer, electronic and optical products (NACE 26110). They are comparable in size and age: total assets between €51m and €212m, founded between 1969 and 2006.
Official details
Source: KBO- Status
- Active since 03-10-1992Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26110and 2 others
- Joint committees
- 209White-collar workers in metal manufacturing
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment units
- 2.059.710.5691910 Kampenhout, since 13-10-2000
- 2.160.967.4838900 Ypres, since 03-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €118.1m▼ 12.5%
- Employeeson 31-12-2025
- 225▼ 0.9%
- Filing
- Filed on 01-07-2026, 31 days before the end of the filing period
Companies linked to CONNECT GROUP
Subsidiaries and holdings
- 90%
Insights on CONNECT GROUP
CONNECT GROUP has existed since 1992. The present size dates from 2022. Turnover rose that year from €32.4m to €111.2m and staff from 88 to 216.5 full-time equivalents. On 20 October 2022 CONNECT GROUP absorbed CONNECTSYSTEMS in a merger.
Solvency fell in 2025 from 44.3% to 28.6% because of the loss and higher debts to suppliers.
holds 90% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CONNECT GROUP
- What is the company number of CONNECT GROUP?
- The company number of CONNECT GROUP is 0448.332.911. The VAT number is the same number with BE in front: BE 0448.332.911.
- Where is CONNECT GROUP based?
- The registered office is at Industriestraat 4, 1910 Kampenhout.Company details
- What does CONNECT GROUP do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26110).
- What is the legal form of CONNECT GROUP?
- CONNECT GROUP is a public limited company (NV).
- When was CONNECT GROUP founded?
- CONNECT GROUP was founded on 03-10-1992.
- Is CONNECT GROUP still active?
- Yes, CONNECT GROUP is an active enterprise in the KBO register.
- How many employees does CONNECT GROUP have?
- CONNECT GROUP had an average of 212.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CONNECT GROUP fall under?
- In its 2025 annual accounts, CONNECT GROUP states joint committees 209 (White-collar workers in metal manufacturing) and 111 (Metal, mechanical and electrical engineering).
- What is the turnover of CONNECT GROUP?
- The turnover of CONNECT GROUP was €116.8m in financial year 2025, according to the filed annual accounts.
- Is CONNECT GROUP profitable?
- In financial year 2025, CONNECT GROUP made a loss of €26.0m.
- Where can I find the annual accounts of CONNECT GROUP?
- CONNECT GROUP filed 55 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CONNECT GROUP due?
- CONNECT GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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