Turnover
≈ €230,000 estimated
The micro format states no turnover.
Connect2Climate
Overview
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
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- €17,145▼ 41.5%
- €6,305
- €2,034▼ 75.6%
- €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.
Financials
Annual accounts 2025
micro format, filed on 01-07-2026, 30 days before the deadline€17,145
▼ 41.5%
-€1,045
▼ €12,981
-€6,305
▼ €11,645
-€22,888
▼ €2,401
1.9%
▼ 6.3 percentage points
0.72
▲ 0.09
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €140,000 and €320,000.
Balance sheet
balance sheet total €108,083 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
1.9%
Higher than 10% of 35,136 companies in 2025.
0.72
Higher than 12% of 34,510 companies in 2025.
-5.8%
Higher than 15% of 34,711 companies in 2025.
Connect2Climate
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
108,083 | 102,550 | |
21/28 |
50,136 | 68,181 | |
22/27 |
50,136 | 68,181 | |
24 |
50,136 | 68,181 | |
29/58 |
57,947 | 34,369 | |
40/41 |
16,072 | 19,923 | |
40 |
16,072 | 16,204 | |
41 |
- | 3,719 | |
54/58 |
41,875 | 14,446 | |
| Balance sheet: equity and liabilities | |||
10/49 |
108,083 | 102,550 | |
10/15 |
2,034 | 8,340 | |
10/11 |
3,000 | 3,000 | |
14 |
-966 | 5,340 | |
17/49 |
106,048 | 94,210 | |
17 |
25,214 | 39,355 | |
170/4 |
25,214 | 39,355 | |
42/48 |
80,834 | 54,855 | |
42 |
14,141 | 11,033 | |
44 |
3,519 | 6,284 | |
440/4 |
3,519 | 6,284 | |
45 |
3,405 | 3,080 | |
450/3 |
3,405 | 3,080 | |
47/48 |
59,769 | 34,459 | |
| Income statement | |||
9900 |
17,145 | 29,314 | |
630 |
16,712 | 17,379 | |
640/8 |
1,478 | - | |
9901 |
-1,045 | 11,936 | |
75/76B |
0 | 38 | |
75 |
0 | 38 | |
65/66B |
4,921 | 3,554 | |
65 |
4,921 | 3,554 | |
9903 |
-5,966 | 8,420 | |
67/77 |
339 | 3,080 | |
9904 |
-6,305 | 5,340 | |
9905 |
-6,305 | 5,340 | |
| Appropriation of the result | |||
9906 |
-966 | 5,340 | |
14P |
5,340 | - | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 15,667 | 29,314 | ||
| 10,406 | 22,718 | ||
| -1,333 | 85,560 | ||
| 27,429 | - | ||
| -22,888 | -20,486 | ||
| 1.9% | 8.1% | ||
| 0.72 | 0.63 | ||
| 52.13 | 11.30 | ||
| -309.9% | 64.0% | ||
| -5.8% | 5.2% | ||
| 3.18 | 8.25 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €85,560 |
| €16,712 | €17,379 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Connect2Climate
The operating result for 2025 is a loss of €1,045, after a profit of €11,936 in 2024.
Debt's share of the balance-sheet total rises from 91.9% to 98.1%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationStatutory director
appointed by deed of 20-06-2023
term without a fixed end
1 other company judicially dissolved- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Indien de vennootschap door meer dan één bestuurders wordt bestuurd, mag iedere bestuurder, alleen optredend, alle handelingen stellen die…”deed of 20-06-2023
Mandates through the years
1 name, the dashed line is todayELMAS Orhan
Statutory director
Statutory director
Board
Mandates as a list
- ELMAS Orhan
- Statutory director, appointed by deed of 20-06-2023, still in office
Control
Capital
- Contribution
- €3,000
- Source
- deed of 20-06-2023
Articles of association
deed of 20-06-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 30 June at 14:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 20-06-2023 ↗
- ELMAS Orhan €3,000 in cash
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off1 other company of this director was judicially dissolved (2024).
- EXCEDRA ENTREPRISE judicial dissolution on 29-03-2024Official Gazetteappointed in 2019, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
No group
Connect2Climate has no parent and no holdings in its annual accounts. ELMAS Orhan is the only director.
Earlier ties
| EXCEDRA ENTREPRISE via ELMAS Orhan, no longer at EXCEDRA ENTREPRISE · Statutory director · deed of 25-07-2019 No longer active |
total assets €76,799 (2023) |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
6 events since 2023Filings
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 30 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802838217
2024
Registered office moved from Opwijk to SchendelbekeNew registered office: Aalstsesteenweg 3 te 9506 Schendelbeke · Previous registered office: Averbeekstraat 45 bus 104, 1745 Opwijk · General meeting of 08-04-20242 points ▸
- General meeting, 08-04-2024
- Registered-office move, Aalstsesteenweg 3 te 9506 Schendelbeke
- The deed holds 2 more points.
2023
IncorporationFounding capital of €3,000 · Founder: ELMAS Orhan · Appointment: ELMAS Orhan (statutory director) · published on 20-06-20233 points ▸
- Founder, ELMAS Orhan
- Founding capital, €3,000
- Director appointment, ELMAS Orhan (statutory director)
- The deed holds 1 more point.
First establishment Aalstsesteenweg 3, Geraardsbergen
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Connect2Climate was incorporated on 16 June 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office was moved to Schendelbeke in 2024.3 ELMAS Orhan is statutory director of the company, appointed by deed of 20-06-2023.2
Company details
Identity
- Enterprise number
- 0802.838.217
- VAT number
- BE 0802.838.217
- Peppol ID
- 0208:0802838217
- Other Peppol ID
- 9925:BE0802838217
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 16-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 30 June at 14:00deed of 20-06-2023 (in Dutch)
- Peppol
- Reachable since 17-04-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Connect2Climate in Dutch
- Name in the Peppol Directory
- Orhan Elmas
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 20-06-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Connect2Climatedeed of 20-06-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Averbeekstraat 45 /0104, 1745 Opwijk”deed of 20-06-2023 (in Dutch)
Activities
NACEBEL 202543222
Installation of electric heating, air conditioning, cooling and ventilation main activity
42219
Civil engineering
43221
Plumbing work
Codes under NACEBEL 2008
43222
Specialised construction activities main activity
42219
Civil engineering
43221
Plumbing
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle activiteiten met betrekking tot verwarming, airconditioning en sanitair, met inbegrip van onder andere, de aankoop, verkoop…”deed of 20-06-2023 (in Dutch)
2 activities
- Alle activiteiten met betrekking tot verwarming, airconditioning en sanitair, met inbegrip van onder andere, de aankoop, verkoop, herstelling, installatie en onderhoud van verwarmingsinstallaties, verwarmings- en ventilatieapparatuur, ongeacht de energiebron.
- De aankoop, verkoop, import, export, handel in al zijn vormen en dus inclusief online handel via internet, per correspondentie of via enig ander middel voor communicatie op afstand, groot- of kleinhandel, van elk type apparatuur, goederen of producten met betrekking tot deze verwarming activiteiten.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Aalstsesteenweg 3 registered office 9506 Geraardsbergen | 16-06-2023 | 2.346.389.220 |
1 former office
- Averbeekstraat 45 bus 104, 1745 Opwijk until 08-04-2024 · deed of 30-08-2024
Buildings and parcels at the address
- Ground area
- 1,328 m²
- Buildings
- 212 m²
- Volume, LiDAR
- 604 m³
- Tallest building
- 4.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41059A0128/00E000 | 1,328 m² | 1 · 212 m² | 4.0 m · 1 |
Contact
E-mail
connect2climate@gmail.com
Phone
+32 484 64 60 60
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.838.217