Connected
ActiveSummary
For Connected, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €61.9m. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2024, unclassified schema
In the rankings
#2 company by total assets in East Flanders, Education sector#2 company by equity in East Flanders, Education sector
Turnover
€6.3m▲ 6.9%
2023 · €5.9m
EBIT margin
Not included in this filing
Net result
Not included in this filing
Working capital
€17.9m
Trend over the years
2021 to 2024, 3 fiscal years
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€6.3m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Equity€61.9m
2024
Debt€22.0m
2024
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120232024
Turnover€3.1m-€5.9m-€6.3m▲ 6.9%
Equity€62.0m-€61.9m▼ 0.3%
Debt€15.8m-€22.3m-€22.0m▼ 1.3%
Working capital€17.9m
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83.9m
Fixed assets
€62.1m ▲ 0.8%
Current assets
€21.8m ▼ 4.9%
Equity and liabilities €83.9m
Equity
€61.9m ▼ 0.3%
Provisions
€0 ▼ 100%
Debt
€22.0m ▼ 1.3%
Debt's share of the balance-sheet total falls from 26.4% to 26.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
5.62
Debt to equity
0.36▼
2023 · 0.36
Debt ≤ 1 year
€3.9m
Debt > 1 year
€17.9m
Staff costs
€5.6m▼
2023 · €5.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €3.1m | €5.9m | €6.3m | ▲ 6.9% |
| Other operating income74 | €0.3m | €1.1m | €0.8m | ▼ 25.5% |
| Goods for resale, raw materials and consumables60 | €1.4m | €2.2m | €2.5m | ▲ 11.6% |
| Services and other goods61 | €5.2m | €8.5m | €8.9m | ▲ 4.5% |
| Remuneration, social security and pensions62 | €3.9m | €5.6m | €5.6m | ▼ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3.1m | €4.4m | €4.4m | ▲ 1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€0.01m | €0.06m | €0.1m | ▲ 63.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0.1m | - | - |
| Recurring financial income75 | €0.001m | - | €0.2m | - |
| Recurring financial charges65 | -€0.1m | - | -€0.09m | - |
| Line | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Fixed assets21/28 | €50.2m | €61.6m | €62.1m | ▲ 0.8% |
| Intangible fixed assets21 | - | - | €194 | - |
| Tangible fixed assets22/27 | - | - | €62.1m | - |
| Land and buildings22 | €0.9m | €1.3m | €1.2m | ▼ 6.8% |
| Plant, machinery and equipment23 | €2.0m | - | €1.7m | - |
| Furniture and vehicles24 | €0.5m | €0.6m | €0.6m | ▼ 9.0% |
| Leasing and similar rights25 | €10.7m | €13.8m | €14.2m | ▲ 2.7% |
| Other tangible fixed assets26 | €36.0m | €40.9m | €43.5m | ▲ 6.5% |
| Assets under construction and advance payments27 | €0.2m | €2.6m | €1.0m | ▼ 63.0% |
| Current assets29/58 | €14.2m | €22.9m | €21.8m | ▼ 4.9% |
| Other amounts receivable291 | - | €0.7m | - | - |
| Amounts receivable within one year40/41 | - | - | €5.1m | - |
| Trade receivables40 | €0.9m | €1.3m | €1.7m | ▲ 29.8% |
| Other amounts receivable41 | €1.7m | - | €3.4m | - |
| Current investments50/53 | - | - | €12.0m | - |
| Cash at bank and in hand54/58 | - | - | €3.1m | - |
| Deferred charges and accrued income490/1 | €0.2m | - | €1.6m | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €64.4m | €84.5m | €83.9m | ▼ 0.7% |
| Equity10/15 | - | €62.0m | €61.9m | ▼ 0.3% |
| Contributions10/11 | - | - | €10.5m | - |
| Capital10 | - | - | €10.5m | - |
| Reserves13 | €15.3m | - | €15.3m | - |
| Profit (loss) carried forward14 | - | - | €4.6m | - |
| Investment grants15 | - | - | €31.5m | - |
| Provisions and deferred taxes16 | - | €0.2m | - | - |
| Major repairs and maintenance162 | - | €0.05m | - | - |
| Amounts payable17/49 | €15.8m | €22.3m | €22.0m | ▼ 1.3% |
| Amounts payable after more than one year17 | €14.4m | - | €17.9m | - |
| Financial debts170/4 | - | - | €17.9m | - |
| Leasing and similar obligations172 | €10.4m | €13.4m | €13.8m | ▲ 2.5% |
| Credit institutions173 | €4.0m | €4.6m | €4.1m | ▼ 9.1% |
| Amounts payable within one year42/48 | - | - | €3.9m | - |
| Current portion of amounts payable after more than one year42 | €0.8m | €1.0m | €0.8m | ▼ 15.5% |
| Trade debts44 | €0.2m | - | €2.1m | - |
| Advances received on contracts in progress46 | €0.07m | €0.1m | €0.2m | ▲ 59.6% |
| Taxes, remuneration and social security45 | €0.2m | €0.6m | €0.7m | ▲ 6.3% |
| Taxes450/3 | €0.009m | - | €0.009m | - |
| Remuneration and social security454/9 | €0.2m | €0.6m | €0.7m | ▲ 4.9% |
| Accrued charges and deferred income492/3 | - | - | €0.2m | - |
| Line | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|
| + Depreciation and write-downs630 | €3.1m | €4.4m | €4.4m | ▲ 1.9% |
| Operating cash flow (approximation) | €3.1m | €4.4m | €4.4m | ▲ 1.9% |
| Investment in fixed assets (approximation) | - | - | -€4.9m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 610 companies in this sector we hold annual accounts for 509. 177 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 54 entries · €11.4m awarded · €4.9m paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 15 | €6.7m | €2.3m |
| 2024 | 15 | €1.1m | €1.3m |
| 2023 | 14 | €1.9m | €1.0m |
| 2022 | 10 | €1.7m | €0.3m |
Schemes