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Connect-IT

Active
Private limited company (pre-2019)founded 200718 yrs activeOlmensebaan 121, 2490 Balen, BelgiumKBO/BCE: BE 0892.765.630

Connect-IT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €-13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 75% of 4596 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
57 / 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-2
Solvency84▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 4.65 against 7.67 in 2024; short-term debt: 13.2% and cash: 13.5% of total assets), and 40.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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
elevated failure risk from 2 to 8 years 18 years 0 20 y
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 2025
Solvency, return and age of the figures
Solvency
59.4%
Return on assets
-33.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year €-13k
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 24-07-2026, 7 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
7 d early
2024
29 d late
2023
30 d late
2022
11 d early
2021
30 d early
2020
31 d late
2019
31 d late
← 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 months
Position in the running window
19-09-2026 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

Financials · fiscal year 2025, micro schema

Equity
€24k▼ 36.0%
2024 · €37k
2018: €-2k 2019: €14k 2020: €7k 2021: €45k 2022: €41k 2023: €45k 2024: €37k
2018 → 2025
Total assets
€40k▼ 28.4%
2024 · €56k
2018: €99k 2019: €72k 2020: €49k 2021: €96k 2022: €93k 2023: €93k 2024: €56k
2018 → 2025
Net result
€-13k▼ 74.9%
2024 · €-8k
2018: €9k 2019: €6k 2020: €-7k 2021: €38k 2022: €-4k 2023: €4k 2024: €-8k
2018 → 2025
Working capital
€19k▼ 39.6%
2024 · €32k
2018: €-21k 2019: €6k 2020: €-4k 2021: €38k 2022: €35k 2023: €36k 2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€45k-€41k▼ 9.4%€45k▲ 9.0%€37k▼ 17.1%€24k▼ 36.0%
Operating result€43k-€-3k€6k€-7k€-13k▼ 86.1%
Net result€38k-€-4k€4k€-8k€-13k▼ 74.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40kOperating result 2021: €43k€43kNet result 2021: €38k€38kOperating result 2022: €-3k€-3kNet result 2022: €-4k€-4kOperating result 2023: €6k€6kNet result 2023: €4k€4kOperating result 2024: €-7k€-7kNet result 2024: €-8k€-8kOperating result 2025: €-13k€-13kNet result 2025: €-13k€-13k20212022202320242025
The operating result stays negative: a loss of €13k in 2025 against €7k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets €15k▼ 19.3%
Current assets €25k▼ 33.1%
Equity and liabilities €40k
Equity €24k▼ 36.0%
Debt €16k▼ 13.5%
The debt ratio rises from 33.6% to 40.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-6k
2024 · €-89
Cash flow
€-6k
2024 · €-671
Solvency
59.4%
2024 · 66.4%
Current ratio
4.65
2024 · 7.67
Quick ratio
4.65
2024 · 7.62
Debt / equity
0.68
2024 · 0.50
ROE
-56.1%
2024 · -20.6%
ROA
-33.4%
2024 · -13.7%
Interest coverage
-10.56
2024 · -0.13
Debt
€16k
2024 · €19k
Debt ≤ 1 year
€5k
2024 · €5k
Debt > 1 year
€11k
2024 · €14k
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€56k€40k
Fixed assets21/28€19k€15k
Tangible fixed assets22/27€19k€15k
Land and buildings22€8k€5k
Plant, machinery and equipment23€10k€8k
Furniture and vehicles24€882€3k
Current assets29/58€37k€25k
Stocks and contracts in progress3€277-
Stocks30/36€277-
Amounts receivable within one year40/41€15k€18k
Trade receivables40€8k-
Other amounts receivable41€7k€18k
Cash at bank and in hand54/58€20k€5k
Deferred charges and accrued income490/1€2k€1k
Equity and liabilities
Total equity and liabilities10/49€56k€40k
Equity10/15€37k€24k
Contributions10/11€29k€29k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-8k€-22k
Amounts payable17/49€19k€16k
Amounts payable after more than one year17€14k€11k
Financial debts170/4€14k€11k
Amounts payable within one year42/48€5k€5k
Current portion of amounts payable after more than one year42€3k€3k
Trade debts44€2k€2k
Suppliers440/4€2k€2k
Income statement Code20242025
Remuneration, social security and pensions62€164-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k
Gross operating margin9900€75€-6k
Operating profit (loss)9901€-7k€-13k
Financial income75/76B€120€366
Recurring financial income75€120€366
Financial charges65/66B€702€593
Recurring financial charges65€702€593
Profit (loss) for the period before taxes9903€-8k€-13k
Profit (loss) for the period9904€-8k€-13k
Profit (loss) for the period to be appropriated9905€-8k€-13k
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-22k
Profit (loss) brought forward from the previous period14P€-583€-8k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Liquidity quadruplescurrent ratio 7.67
Current ratio from 2.16 to 7.67; short-term debt falls from €31k to €5k.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Back to profitnet €4k
Net result €4k after one loss-making year.
20-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €38k
Net result €38k after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 2.33
Current ratio from 0.65 to 2.33.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial Liquidity quadruplescurrent ratio 1.56
Current ratio from 0.41 to 1.56; short-term debt falls from €36k to €11k.
24-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Balen · 1 establishment unit since 2007
establishment The establishment unit on the map
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.

Olmensebaan 1212490 Balen
Ground area
827 m²
Building footprint
233 m²
Volume, LiDAR
1,330 m³
Parcel 13003E0477/00F000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Connect-it
Olmensebaan 121, 2490 BalenMarket research and public opinion polling
since 20072.165.756.909
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13003E0477/00F000 Flanders 827 m² 1 · 233 m² 9.7 m · 2 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.

Similar companies · same sector, comparable size

Of 3,793 companies in sector 96993 we hold annual accounts for 143. 109 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded12-10-2007
Fiscal year end31-12
Activities, NACEBEL
96993Pet care services, excluding veterinary services
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
96994Pet training
96995Pet boarding
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.