Connect & Improve
ActiveSummary
The computed 12-month bankruptcy probability of Connect & Improve is 2.5% (moderate). The annual accounts of Connect & Improve for fiscal year 2025 show a net loss of 390% of total assets and of 89% of the equity at the start of that year. The 2025 annual accounts show equity of €4,435 and a net result of -€35,488. Equity is shrinking by ~63.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 55% of 11472 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,225 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,008 | €2,455 | €1,176 | ▼ 52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €226 | €3,607 | €3,091 | ▼ 14.3% |
| Other operating charges640/8 | €1,719 | €600 | €816 | ▲ 35.9% |
| Gross operating margin9900 | €73,343 | -€5,608 | -€27,400 | ▼ 389% |
| Operating profit (loss)9901 | €70,391 | -€12,270 | -€32,482 | ▼ 165% |
| Financial income75/76B | €0 | €119 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €119 | €0 | ▼ 100.0% |
| Financial charges65/66B | €1,110 | €2,567 | €2,919 | ▲ 13.7% |
| Recurring financial charges65 | €1,110 | €2,567 | €2,919 | ▲ 13.7% |
| Profit (loss) for the period before taxes9903 | €69,281 | -€14,718 | -€35,402 | ▼ 141% |
| Income taxes67/77 | €19,484 | €156 | €86 | ▼ 44.9% |
| Profit (loss) for the period9904 | €49,797 | -€14,874 | -€35,488 | ▼ 139% |
| Profit (loss) for the period to be appropriated9905 | €49,797 | -€14,874 | -€35,488 | ▼ 139% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €103,114 | €51,045 | €9,109 | ▼ 82.2% |
| Fixed assets21/28 | €3,949 | €7,891 | €4,800 | ▼ 39.2% |
| Tangible fixed assets22/27 | €3,949 | €7,891 | €4,800 | ▼ 39.2% |
| Furniture and vehicles24 | €3,949 | €7,891 | €4,800 | ▼ 39.2% |
| Current assets29/58 | €99,165 | €43,154 | €4,309 | ▼ 90.0% |
| Amounts receivable within one year40/41 | €28,964 | €11,424 | €4,007 | ▼ 64.9% |
| Trade receivables40 | €28,964 | €4,545 | €2,168 | ▼ 52.3% |
| Other amounts receivable41 | - | €6,878 | €1,839 | ▼ 73.3% |
| Cash at bank and in hand54/58 | €69,895 | €31,730 | €302 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | €307 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €103,114 | €51,045 | €9,109 | ▼ 82.2% |
| Equity10/15 | €54,797 | €39,923 | €4,435 | ▼ 88.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €49,797 | €49,797 | €49,797 | = |
| Distributable reserves133 | €49,797 | €49,797 | €49,797 | = |
| Profit (loss) carried forward14 | €0 | -€14,874 | -€50,362 | ▼ 239% |
| Amounts payable17/49 | €48,317 | €11,122 | €4,674 | ▼ 58.0% |
| Amounts payable after more than one year17 | - | €2,533 | €1,034 | ▼ 59.2% |
| Financial debts170/4 | - | €2,533 | €1,034 | ▼ 59.2% |
| Amounts payable within one year42/48 | €48,317 | €8,590 | €3,640 | ▼ 57.6% |
| Current portion of amounts payable after more than one year42 | - | €1,437 | €1,498 | ▲ 4.3% |
| Financial debts43 | - | - | €19 | - |
| Credit institutions430/8 | - | - | €19 | - |
| Trade debts44 | €2,475 | €5,879 | €1,501 | ▼ 74.5% |
| Suppliers440/4 | €2,475 | €5,879 | €1,501 | ▼ 74.5% |
| Taxes, remuneration and social security45 | €32,431 | €1,274 | €621 | ▼ 51.2% |
| Taxes450/3 | €32,431 | €1,274 | €621 | ▼ 51.2% |
| Other amounts payable47/48 | €13,411 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,797 | -€14,874 | -€35,488 | ▼ 139% |
| + Depreciation and write-downs630 | €226 | €3,607 | €3,091 | ▼ 14.3% |
| Operating cash flow (approximation) | €50,023 | -€11,268 | -€32,397 | ▼ 188% |
| Investment in fixed assets (approximation) | - | -€7,550 | €0 | ▲ 100% |
| Change in cash | - | -€38,165 | -€31,429 | ▲ 17.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12027C0258/00B002 | Flanders | 919 m² | 1 · 111 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.