Turnover
≈ €230,000 estimated
The micro format states no turnover.
Connect2Climate
Lifetime
2 annual accounts with figures on one time axispeak €29,314 (2024)
€17,145▼ 41.5%
lowest -€6,305 (2025)
-€6,305▼ €11,645
peak €8,340 (2024)
€2,034▼ 75.6%
€106,048▲ 12.6%
Board1 name since 2023
1 directorELMAS Orhan
Documentsfilings and deeds
01-07-202630 days before the deadline
2025micro format
Gross margin from €29,314 to €17,145Loss of €6,305Equity from €8,340 to €2,034Cash from €14,446 to €41,875
Key points
from the 2025 annual accountsDebts
€106,048 98% of the balance sheet
Financial debts 24%Suppliers 3%Taxes and wages 3%Other 70%
Of this, €80,834 falls due within a year.
Position in the sector
1.9%
Lower solvency than 90% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
54
Fair
Financially stronger than 22% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.0%
01-2025: 5.2%▲ +0.2 percentage points vs 12-2024
02-2025: 5.2%● unchanged vs 01-2025
03-2025: 5.1%▼ -0.1 percentage points vs 02-2025
04-2025: 5.1%● unchanged vs 03-2025
05-2025: 5.5%▲ +0.4 percentage points vs 04-2025
06-2025: 5.6%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 2.5%▼ -3.1 percentage points vs 06-2025
08-2025: 2.5%● unchanged vs 07-2025
09-2025: 2.5%● unchanged vs 08-2025
10-2025: 2.5%● unchanged vs 09-2025
11-2025: 2.5%● unchanged vs 10-2025
12-2025: 2.5%● unchanged vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.4%▼ -0.1 percentage points vs 01-2026
03-2026: 2.3%▼ -0.1 percentage points vs 02-2026
04-2026: 2.7%▲ +0.4 percentage points vs 03-2026
05-2026: 3.3%▲ +0.6 percentage points vs 04-2026
06-2026: 3.3%● unchanged vs 05-2026
07-2026: 3.3%● unchanged vs 06-2026
08-2026: 2.1%▼ -1.2 percentage points vs 07-2026
09-2026: 1.5%▼ -0.6 percentage points vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026lowest value
11-2026: 1.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Founded in 2023
Equity €2,034 (1.9% of total assets)
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 0.72, cash €41,875
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 9% of them on solvency, 55% on liquidity, 19% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,301 companies had the same profile as Connect2Climate has now. Each dot stands for 4 companies, two years later.
92.5%
were still trading
1.6%
stopped another way
5.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Connect2Climate itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,301 companies, not a prediction for Connect2Climate. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.72 (0.63 in 2024), below 1. Short-term debt is 74.8% and cash 38.7% of total assets. 98.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 10%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
30 days early
2024
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 31 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802838217
Registered office moved from Opwijk to Schendelbeke
New registered office: Aalstsesteenweg 3 te 9506 Schendelbeke · Previous registered office: Averbeekstraat 45 bus 104, 1745 Opwijk · General meeting of 08-04-2024 · Gazette deed
Incorporation
Founding capital of €3,000 · Founder: ELMAS Orhan · Appointment: ELMAS Orhan (statutory director) · published on 20-06-2023 · Gazette deed
First establishment
Aalstsesteenweg 3, Geraardsbergen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Connect2Climate Geraardsbergen | €108,083 | €17,145 | 1.9% | - |
| MRT-service Ninove | €123,469 | €19,660 | 58.4% | - |
| AMELIE MINNE KOELTECHNIEK Izegem | €111,476 | €14,512 | 13.2% | - |
| ERBA Cooling Genk | €100,500 | €19,397 | 26.9% | - |
| IV CONSTRUCT Sint-Pieters-Leeuw | €102,469 | €21,778 | 60.3% | - |
| KD Energie Aywaille | €99,945 | €20,382 | 38.1% | - |
| MILANN Merelbeke-Melle | €120,141 | €13,818 | 17.6% | - |
These companies have the same main activity as Connect2Climate: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €99,900 and €123,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 16-06-2023Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Establishment unit
- 2.346.389.2209506 Geraardsbergen, since 16-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-04-2025
Annual accounts 2025
- €108,083▲ 5.4%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on Connect2Climate
The annual accounts of Connect2Climate for financial year 2025 show a net loss of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €2,034 and a net result of -€6,305.
Its solvency ranks better than 10% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
The computed 12-month bankruptcy probability is 1.5% (low).
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 Connect2Climate
- What is the company number of Connect2Climate?
- The company number of Connect2Climate is 0802.838.217. The VAT number is the same number with BE in front: BE 0802.838.217.
- Where is Connect2Climate based?
- The registered office is at Aalstsesteenweg 3, 9506 Geraardsbergen.Company details
- What does Connect2Climate do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Connect2Climate?
- Connect2Climate is a private limited company (BV).
- When was Connect2Climate founded?
- Connect2Climate was founded on 16-06-2023.
- Is Connect2Climate still active?
- Yes, Connect2Climate is an active enterprise in the KBO register.
- What is the turnover of Connect2Climate?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €17,145 and 32 comparable companies (NACE 43222). It probably lies between €140,000 and €320,000. It is a rough estimate.Financials
- Is Connect2Climate profitable?
- In financial year 2025, Connect2Climate made a loss of €6,305.
- Where can I find the annual accounts of Connect2Climate?
- Connect2Climate filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Connect2Climate due?
- Connect2Climate must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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