Connect IBS
ActiveThe computed 12-month bankruptcy probability of Connect IBS is 2.1% (moderate). The 2025 annual accounts show negative equity (€-21k) and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 18039 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+34
Solvency13▼-8
Growth32=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 1.1 in 2024; short-term debt: 103.8% and cash: 25.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
-12.2%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 18039 sector peers (2025).
NBB · sector comparisonPosition among 18039 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
20 d late
2024
7 d early
2023
66 d late
2022
37 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-21k▲ 27.6%
2024 · €-28k
2022: €65k
2023: €9k
2024: €-28k
2022 → 2025
Total assets
€168k▼ 78.0%
2024 · €765k
2022: €156k
2023: €234k
2024: €765k
2022 → 2025
Net result
€8k
2024 · €-37k
2022: €88k
2023: €-57k
2024: €-37k
2022 → 2025
Working capital
€-26k
2024 · €64k
2022: €58k
2023: €-39k
2024: €64k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€65k-€9k▼ 86.8%€-28k€-21k▲ 27.6%
Operating result€117k-€-27k€-8k▲ 71.1%€17k
Net result€88k-€-57k€-37k▲ 34.6%€8k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168k
Fixed assets
€20k▼ 37.1%
Current assets
€148k▼ 79.8%
Key figures and ratios
EBITDA
€30k▲
2024 · €7k
Cash flow
€22k▲
2024 · €-23k
Solvency
-12.2%▼
2024 · -3.7%
Current ratio
0.85▼
2024 · 1.10
Quick ratio
0.82▼
2024 · 1.05
Debt / equity
-9.18▲
2024 · -27.91
ROA
4.7%▲
2024 · -4.8%
Interest coverage
2.93▲
2024 · 0.22
Debt
€189k▼
2024 · €794k
Debt ≤ 1 year
€175k▼
2024 · €669k
Debt > 1 year
€13k▼
2024 · €21k
Income taxes
€68▼
2024 · €2k
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€765k€168k▼
Fixed assets21/28€32k€20k▼
Tangible fixed assets22/27€31k€20k▼
Plant, machinery and equipment23€468€688▲
Furniture and vehicles24€31k€19k▼
Financial fixed assets28€500€500=
Current assets29/58€733k€148k▼
Stocks and contracts in progress3€29k€5k▼
Stocks30/36€29k€5k▼
Amounts receivable within one year40/41€405k€88k▼
Trade receivables40€244k€43k▼
Other amounts receivable41€161k€45k▼
Cash at bank and in hand54/58€197k€42k▼
Deferred charges and accrued income490/1€103k€13k▼
Equity and liabilities
Total equity and liabilities10/49€765k€168k▼
Equity10/15€-28k€-21k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-31k€-24k▲
Amounts payable17/49€794k€189k▼
Amounts payable after more than one year17€21k€13k▼
Financial debts170/4€21k€13k▼
Amounts payable within one year42/48€669k€175k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Financial debts43€620k€150k▼
Other loans439€620k€150k▼
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€36k€8k▼
Accrued charges and deferred income492/3€103k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€9k€34k▲
Operating profit (loss)9901€-8k€17k▲
Financial income75/76B€6k€2k▼
Recurring financial income75€6k€2k▼
Financial charges65/66B€34k€10k▼
Recurring financial charges65€31k€10k▼
Non-recurring financial charges66B€3k-
Profit (loss) for the period before taxes9903€-35k€8k▲
Income taxes67/77€2k€68▼
Profit (loss) for the period9904€-37k€8k▲
Profit (loss) for the period to be appropriated9905€-37k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-24k▲
Profit (loss) brought forward from the previous period14P€6k€-31k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
10-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 4 augustus 2026
- Registered-office move, Jan Stasstraat 20, 3000 Leuven
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
31-12
Financial
Weakest financial yearnet €-57k ▼164%
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jan Stasstraat 203000 LeuvenGround area
110 m²
Building footprint
113 m²
Volume, LiDAR
1,264 m³
Parcel 24502B0244/00S002, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Connect IBS
since 20212.319.662.849
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0244/00S002 | Flanders | 110 m² | 1 · 113 m² | 17.0 m · 4 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 12,985 companies in sector 47120 we hold annual accounts for 2,186. 1,179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-2021
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47910Retail trade
52210Service activities incidental to land transportation
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.