CONNECTIFY

Active

Public limited companyfounded 2018active for 8 yearsSint-Jorisstraat 96, 8730 Beernem, BelgiumKBO/BCE: BE 0700.317.531

Summary

CONNECTIFY has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.0m and a net result of €463,269. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 76% of 1,682 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

CONNECTIFYActiveChecked score 96/100

Risk analysis Report Compare

Overview

Official details

Source: KBO

Status: Active since 23-07-2018 Normal situation
Registered office: 11 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity: Computer consultancy and computer facilities management NACE 62200and 4 others
Joint committee: 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit: 2.278.207.029 8730 Beernem, since 23-07-2018
Financial year end: 31 December
Peppol: Reachable

Company details

Board and ownership

Board

Christophe LemaîtreDirector · since 30-05-2023
Christophe Van WichelenDirector · since 30-05-2023
Tanja VaheriDirector · since 30-05-2023

and 1 other

Auditor: KPMG Bedrijfsrevisoren BV/SRL

Shareholders

Telenet Group100%· score 83annual accounts 2025
Telenet Group Holding nvconsolidatesannual accounts 2025

Holdings: Shares in 1 company UCAST

Board & ownership

Financial position

96 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Annual accounts 2025

Turnover: €13.9m; ▲ 8.5%
Profit: €463,269; ▼ 48.9%
Equity: €7.0m; ▲ 5.4%
Total assets: €11.0m; ▲ 8.4%
Employees on 31-12-2025: 41; ▲ 17.1%

2025 accounts filed 74 days after the deadline

Filed on 13-10-2026

Financials

Score breakdownraises riskLast filed accounts filed 74 days late; 2 of the last 3 accounts latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 3.39, cash €1.7mSize: turnover €13.9m, 37.4 FTE, total assets €11.0mShow the evidence

Checked score

Score 2025

96 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 68% of small companies in computer programming and consultancy (NACE 62)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Strong

Solvency 89-2

equity 64.1% of total assets

Liquidity 63=

short-term debt 20.0% · cash 15.7%

Profitability 73-9

return on assets 4.2%

Bankruptcy probability within 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,167 companies, NACE 62, small)

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.5 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: 0.1%▲ +0.1 percentage points vs 12-2025 02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026 10-2026: 0.1%▼ -0.1 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Credit of up to €650,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.39 (3.16 in 2024), above the usual 1.5. Short-term debt is 20% and cash 15.7% of total assets. 35.9% of the assets are financed with debt and provisions.

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 62, small). It does better than 78% of them on solvency, 77% on liquidity, 58% on profitability and 58% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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

Five signals.

lowers riskraises risk

Last filed accounts filed 74 days late; 2 of the last 3 accounts late

NBB · filings

Sector: Computer programming, consultancy and related activities (NACE 62)

KBO

Liquidity: current ratio 3.39, cash €1.7m

NBB · annual accounts

Size: turnover €13.9m, 37.4 FTE, total assets €11.0m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

2025 accounts filed 74 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-10-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 7 filings

Deviation from the deadline

2025

74 days late

2024

3 days early

2023

72 days late

2022

61 days late

2021

31 days late

2020

2 days early

2019

on the day

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)

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. The company usually files around 30 September (4 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

02-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, full format

2025 annual accounts filed 74 days after the deadline Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00554977.

Annual accounts 2025 filed on 13-10-2026 at the NBB all 7 filings

Turnover

€13.9m▲ 8.5%

2024 · €12.8m

EBIT margin

4.8%▼ 5.6pp

2024 · 10.4%

Net result

€463,269▼ 48.9%

2024 · €906,137

Working capital

€5.2m▲ 24.6%

2024 · €4.2m

In the rankings #1 company by total assets in Beernem, Telecoms and IT sector #1 company by equity in Beernem, Telecoms and IT sector #5 company by staff growth in Beernem

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €11.0m

32.3%

67.7%

Fixed assets €3.5m ▼ 10.8%

Current assets €7.4m ▲ 20.8%

Equity and liabilities €11.0m

64.1%

35.9%

Equity €7.0m ▲ 5.4%

Debt €3.9m ▲ 14.3%

Debt's share of the balance-sheet total rises from 34.0% to 35.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.8m▼

2024 · €2.1m

Cash flow

€1.6m▼

2024 · €1.7m

Quick ratio

2.76▲

2024 · 2.48

Debt to equity

0.56▲

2024 · 0.52

ROE

6.6%▼

2024 · 13.6%

Interest coverage

24.69▼

2024 · 27.55

Debt ≤ 1 year

€2.2m▲

2024 · €1.9m

Debt > 1 year

€603,026▼

2024 · €877,107

Income taxes

€241,287▼

2024 · €402,612

Customer credit

81 days▲

2024 · 73 days

Supplier credit

51 days▲

2024 · 26 days

Staff costs

€3.1m▲

2024 · €2.9m

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet

Item	31-12-2021	31-12-2022	31-12-2023	31-12-2024	31-12-2025
Employees at the balance-sheet date	27	35	36	35	41
full-time	26	29	27	27	33
part-time	1	6	9	8	8
in full-time equivalents	26.6	34	34.5	33.6	39.3
Average over the year, in full-time equivalents	26.5	31.8	34.6	35.6	37.4
On a permanent contract	26	35	36	35	41
Joined	17	14	13	19	19
Left	13	6	12	20	13
Agency workers, average number	-	-	0.1	-	-
Training hours	84	1,675	-	-	34

Source: social balance sheet in the 2021 to 2025 annual accounts

Overdue debts

tax and social security

Item	2021	2022	2023	2024	2025
Overdue tax debts	-	-	-	€0	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts)

Investments

fixed assets acquired

Item	2021	2022	2023	2024	2025
Tangible fixed assets	€258,859	€198,743	€374,921	€855,036	€456,739
Intangible fixed assets	€536,395	€411,748	€457,212	€539,380	€418,636
Financial fixed assets	€710,772	€40,000	-	-	-
Depreciation and write-downs of the year	€605,802	€555,828	€740,016	€771,915	€1.1m

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

Item	2021	2022	2023	2024	2025
Fee for the audit	-	-	€17,250	€22,326	€22,995

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2025 · 8 entries · €393,110 awarded · €322,618 paid

Year	Entries	Awarded	Paid
2025	3	€12,572	€12,572
2024	2	€16,970	€109,970
2023	2	€14,076	€200,076
2022	1	€349,492	€0

Schemes

Ontwikkelingsproject

5 entries · €349,492 · €279,000 paid · Fonds voor Innoveren en Ondernemen

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

3 entries · €43,618 · €43,618 paid · Departement Werk en Sociale Economie

Public contracts

1 award · 2025

'Raamovereenkomst voor levering installatie en onderhoud van outdoor digitale schermen, inclusief bijhorend softwareplatform voor aansturing, ontwikkeling en terbeschikkingstelling van software voor het decentrale creëren en beheren van advertenties': 2023_PR_00217 - POLIS - ICT - 1

buyer: Provincie Oost-VlaanderenOffice and computing machineryawarded 24-06-2025€11.7m5 tendersTED 437638-2025

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Comparable companies

These companies have the same main activity as CONNECTIFY: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €7.5m and €11m, founded between 2016 and 2019.

Company	Founded	Total assets	Equity	Turnover	Net result	FTE	Financial year
CONNECTIFY Beernem	2018	€11.0m	€7.0m	€13.9m	€0.5m	37.4	2025
AMARIS IS&D Mechelen	2019	€10.4m	€3.4m	€14.7m	€0.4m	57.5	2025
Flexso for People Kontich	2017	€9.5m	€4.8m	€19.1m	€1.6m	57.6	2025
Platinion Brussel	2016	€9.6m	€2.3m	€11.9m	€0.3m	23.8	2025
DataSense Hasselt	2017	€7.5m	€5.5m	€11.8m	€1.2m	39.2	2025
Business Elements Reply Brussel	2017	€8.0m	€2.4m	€18.3m	€1.3m	52.4	2025
[Partners Through Innovation]² Sint-Joost-ten-Node	2017	€11.2m	€2.1m	€11.9m	-€0.2m	72.5	2026

They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,639 companies had the same profile as CONNECTIFY has now. Two years later, 0.5% had gone bankrupt and 95.5% were still going.

Small
5 to 10 years old
solvency 30% or more
a profit under 5% of the balance sheet

0.5% went bankrupt

3.7% stopped otherwise

95.5% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CONNECTIFY itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,639 companies, not a prediction for CONNECTIFY. 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.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 86 lines

Source: Annual accounts 2025 at the NBB, filed on 13-10-2026.

Balance sheet Code20242025

Assets

Total assets20/58€10.1m€11.0m▲

Fixed assets21/28€4.0m€3.5m▼

Intangible fixed assets21€2.1m€1.7m▼

Tangible fixed assets22/27€1.2m€1.1m▼

Plant, machinery and equipment23€0.001m€0.02m▲

Furniture and vehicles24€1.0m€1.0m▲

Other tangible fixed assets26€0.04m€0.07m▲

Assets under construction and advance payments27€0.1m€0▼

Financial fixed assets28€0.7m€0.8m▲

Affiliated companies280/1€0.6m€0.6m=

Participating interests280€0.6m€0.6m=

Other financial fixed assets284/8€0.1m€0.1m▲

Amounts receivable and cash guarantees285/8€0.1m€0.1m▲

Current assets29/58€6.1m€7.4m▲

Amounts receivable after more than one year29€0-

Other amounts receivable291€0-

Stocks and contracts in progress3€1.3m€1.4m▲

Stocks30/36€1.3m€1.4m▲

Goods purchased for resale34€1.3m€1.4m▲

Amounts receivable within one year40/41€2.7m€3.1m▲

Trade receivables40€2.6m€3.1m▲

Other amounts receivable41€0.1m€0.07m▼

Cash at bank and in hand54/58€1.5m€1.7m▲

Deferred charges and accrued income490/1€0.6m€1.2m▲

Equity and liabilities

Total equity and liabilities10/49€10.1m€11.0m▲

Equity10/15€6.7m€7.0m▲

Contributions10/11€3.9m€3.9m=

Capital10€3.9m€3.9m=

Issued capital100€3.9m€3.9m=

Reserves13€2.4m€2.8m▲

Non-distributable reserves130/1€0.4m€0.4m=

Legal reserve130€0.4m€0.4m=

Tax-exempt reserves132€0.03m€0.03m=

Distributable reserves133€2.0m€2.4m▲

Investment grants15€0.4m€0.3m▼

Amounts payable17/49€3.4m€3.9m▲

Amounts payable after more than one year17€0.9m€0.6m▼

Financial debts170/4€0.9m€0.6m▼

Credit institutions173€0.6m€0.6m▼

Other loans174€0.3m€0▼

Amounts payable within one year42/48€1.9m€2.2m▲

Current portion of amounts payable after more than one year42€0.2m€0.5m▲

Financial debts43€0.3m€0▼

Credit institutions430/8€0.3m€0▼

Trade debts44€0.5m€1.0m▲

Suppliers440/4€0.5m€1.0m▲

Advances received on contracts in progress46-€0.03m

Taxes, remuneration and social security45€0.5m€0.7m▲

Taxes450/3€0.1m€0.2m▲

Remuneration and social security454/9€0.4m€0.4m▲

Other amounts payable47/48€0.5m€0▼

Accrued charges and deferred income492/3€0.6m€1.1m▲

Income statement Code20242025

Operating income70/76A€13.5m€14.3m▲

Turnover70€12.8m€13.9m▲

Own construction capitalised72€0.4m€0.1m▼

Other operating income74€0.2m€0.2m▼

Non-recurring operating income76A€0.02m€0.02m▼

Operating charges60/66A€12.1m€13.6m▲

Goods for resale, raw materials and consumables60€6.5m€7.1m▲

Purchases600/8€6.3m€7.2m▲

Change in stocks: decrease (increase)609€0.2m-€0.08m▼

Services and other goods61€1.9m€2.3m▲

Remuneration, social security and pensions62€2.9m€3.1m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.8m€1.1m▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.07m€0.03m▼

Other operating charges640/8€0.01m€0.009m▼

Non-recurring operating charges66A€0.02m€0.02m▲

Operating profit (loss)9901€1.3m€0.7m▼

Financial income75/76B€0.05m€0.1m▲

Recurring financial income75€0.05m€0.1m▲

Income from current assets751€0.003m€0.001m▼

Other financial income752/9€0.05m€0.1m▲

Financial charges65/66B€0.08m€0.08m▼

Recurring financial charges65€0.08m€0.08m▼

Debt charges650€0.08m€0.07m▼

Other financial charges652/9€0.004m€0.004m▼

Profit (loss) for the period before taxes9903€1.3m€0.7m▼

Income taxes67/77€0.4m€0.2m▼

Taxes670/3€0.4m€0.2m▼

Tax adjustments and reversals of tax provisions77€378€0▼

Profit (loss) for the period9904€0.9m€0.5m▼

Profit (loss) for the period to be appropriated9905€0.9m€0.5m▼

Appropriation of the result

Profit (loss) to be appropriated9906€0.9m€0.5m▼

Transfer to equity691/2€0.9m€0.5m▼

To other reserves6921€0.9m€0.5m▼

Social balance sheet

Average headcount (FTE)908735.637.4▲

The notes to these accounts have 77 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.

Line	2019	2020	2021	2022	2023	2024	2025	Change
Operating income70/76A	-	-	-	-	€10.7m	€13.5m	€14.3m	▲ 5.8%
Turnover70	-	-	-	€9.3m	€10.1m	€12.8m	€13.9m	▲ 8.5%
Own construction capitalised72	-	-	-	-	€0.4m	€0.4m	€0.1m	▼ 75.0%
Other operating income74	-	-	-	-	€0.2m	€0.2m	€0.2m	▼ 3.6%
Non-recurring operating income76A	-	-	€0.001m	€0.01m	€0.02m	€0.02m	€0.02m	▼ 20.1%
Operating charges60/66A	-	-	-	-	€10.3m	€12.1m	€13.6m	▲ 11.9%
Goods, raw materials, services and sundry goods60/61	-	-	-	€6.1m	-	-	-	-
Goods for resale, raw materials and consumables60	-	-	-	-	€4.9m	€6.5m	€7.1m	▲ 9.6%
Purchases600/8	-	-	-	-	€5.3m	€6.3m	€7.2m	▲ 13.8%
Change in stocks: decrease (increase)609	-	-	-	-	-€0.3m	€0.2m	-€0.08m	-
Services and other goods61	-	-	-	-	€1.8m	€1.9m	€2.3m	▲ 15.8%
Remuneration, social security and pensions62	-	-	€2.5m	€2.2m	€2.6m	€2.9m	€3.1m	▲ 7.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.3m	€0.4m	€0.6m	€0.6m	€0.7m	€0.8m	€1.1m	▲ 43.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	€0.004m	€0.02m	€0.2m	€0.07m	€0.03m	▼ 62.6%
Other operating charges640/8	-	-	€0.01m	€0.004m	€0.005m	€0.01m	€0.009m	▼ 24.1%
Non-recurring operating charges66A	-	-	€0.01m	€46	€0.006m	€0.02m	€0.02m	▲ 21.5%
Gross operating margin9900	€1.7m	€2.2m	€3.7m	€3.7m	-	-	-	-
Operating profit (loss)9901	€0.4m	€0.7m	€0.5m	€0.9m	€0.4m	€1.3m	€0.7m	▼ 49.9%
Financial income75/76B	-	-	€0.04m	€0.07m	€0.09m	€0.05m	€0.1m	▲ 113%
Recurring financial income75	€0.005m	€0.006m	€0.04m	€0.07m	€0.09m	€0.05m	€0.1m	▲ 113%
Income from current assets751	-	-	-	-	€0.001m	€0.003m	€0.001m	▼ 80.4%
Other financial income752/9	-	-	-	-	€0.09m	€0.05m	€0.1m	▲ 124%
Financial charges65/66B	-	-	€0.02m	€0.03m	€0.04m	€0.08m	€0.08m	▼ 6.4%
Recurring financial charges65	€0.02m	€0.01m	€0.02m	€0.03m	€0.04m	€0.08m	€0.08m	▼ 6.4%
Debt charges650	-	-	-	-	€0.03m	€0.08m	€0.07m	▼ 6.1%
Other financial charges652/9	-	-	-	-	€0.003m	€0.004m	€0.004m	▼ 12.6%
Profit (loss) for the period before taxes9903	€0.4m	€0.7m	€0.5m	€0.9m	€0.4m	€1.3m	€0.7m	▼ 46.2%
Income taxes67/77	€0.2m	€0.2m	€0.2m	€0.3m	€0.2m	€0.4m	€0.2m	▼ 40.1%
Taxes670/3	-	-	-	-	€0.2m	€0.4m	€0.2m	▼ 40.1%
Tax adjustments and reversals of tax provisions77	-	-	-	-	€0.02m	€378	€0	▼ 100%
Profit (loss) for the period9904	€0.2m	€0.4m	€0.3m	€0.7m	€0.3m	€0.9m	€0.5m	▼ 48.9%
Profit (loss) for the period to be appropriated9905	€0.2m	€0.4m	€0.3m	€0.7m	€0.3m	€0.9m	€0.5m	▼ 48.9%

Line	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€4.5m	€5.3m	€7.3m	€7.9m	€9.0m	€10.1m	€11.0m	▲ 8.4%
Fixed assets21/28	€2.7m	€2.8m	€3.7m	€3.7m	€3.4m	€4.0m	€3.5m	▼ 10.8%
Intangible fixed assets21	€2.3m	€2.0m	€2.1m	€2.1m	€2.0m	€2.1m	€1.7m	▼ 19.8%
Tangible fixed assets22/27	€0.2m	€0.4m	€0.5m	€0.5m	€0.7m	€1.2m	€1.1m	▼ 5.0%
Plant, machinery and equipment23	-	-	€0.07m	€0.04m	€0.01m	€0.001m	€0.02m	▲ 12×
Furniture and vehicles24	-	-	€0.4m	€0.5m	€0.6m	€1.0m	€1.0m	▲ 2.6%
Other tangible fixed assets26	-	-	€0.002m	€0.03m	€0.03m	€0.04m	€0.07m	▲ 76.1%
Assets under construction and advance payments27	-	-	€0.02m	€0	-	€0.1m	€0	▼ 100%
Financial fixed assets28	€0.3m	€0.3m	€1.0m	€1.1m	€0.7m	€0.7m	€0.8m	▲ 6.1%
Affiliated companies280/1	-	-	-	-	€0.6m	€0.6m	€0.6m	=
Participating interests280	-	-	-	-	€0.6m	€0.6m	€0.6m	=
Other financial fixed assets284/8	-	-	-	-	€0.1m	€0.1m	€0.1m	▲ 42.8%
Amounts receivable and cash guarantees285/8	-	-	-	-	€0.1m	€0.1m	€0.1m	▲ 42.8%
Current assets29/58	€1.7m	€2.5m	€3.7m	€4.2m	€5.6m	€6.1m	€7.4m	▲ 20.8%
Amounts receivable after more than one year29	-	-	-	-	€0.1m	€0	-	-
Other amounts receivable291	-	-	-	-	€0.1m	€0	-	-
Stocks and contracts in progress3	€0.4m	€0.6m	€1.5m	€1.3m	€1.5m	€1.3m	€1.4m	▲ 4.7%
Stocks30/36	-	-	€1.5m	€1.3m	€1.5m	€1.3m	€1.4m	▲ 4.7%
Goods purchased for resale34	-	-	-	-	€1.5m	€1.3m	€1.4m	▲ 4.7%
Amounts receivable within one year40/41	€1.1m	€1.2m	€1.8m	€2.3m	€3.4m	€2.7m	€3.1m	▲ 17.5%
Trade receivables40	-	-	€1.2m	€1.9m	€3.1m	€2.6m	€3.1m	▲ 20.1%
Other amounts receivable41	-	-	€0.6m	€0.5m	€0.3m	€0.1m	€0.07m	▼ 40.4%
Cash at bank and in hand54/58	€0.3m	€0.7m	€0.09m	€0.3m	€0.1m	€1.5m	€1.7m	▲ 12.9%
Deferred charges and accrued income490/1	-	-	€0.3m	€0.3m	€0.5m	€0.6m	€1.2m	▲ 90.9%
Equity and liabilities
Total equity and liabilities10/49	€4.5m	€5.3m	€7.3m	€7.9m	€9.0m	€10.1m	€11.0m	▲ 8.4%
Equity10/15	€3.3m	€3.6m	€4.8m	€5.7m	€5.8m	€6.7m	€7.0m	▲ 5.4%
Contributions10/11	€3.2m	€3.2m	€3.9m	€3.9m	€3.9m	€3.9m	€3.9m	=
Capital10	-	-	€3.9m	€3.9m	€3.9m	€3.9m	€3.9m	=
Issued capital100	-	-	€3.9m	€3.9m	€3.9m	€3.9m	€3.9m	=
Reserves13	€0.1m	€0.4m	€0.6m	€1.2m	€1.5m	€2.4m	€2.8m	▲ 19.4%
Non-distributable reserves130/1	-	-	€0.04m	€0.4m	€0.4m	€0.4m	€0.4m	=
Legal reserve130	-	-	€0.04m	€0.4m	€0.4m	€0.4m	€0.4m	=
Tax-exempt reserves132	-	-	€0.03m	€0.03m	€0.03m	€0.03m	€0.03m	=
Distributable reserves133	-	-	€0.5m	€0.8m	€1.1m	€2.0m	€2.4m	▲ 23.7%
Profit (loss) carried forward14	-	-	€0	€0	-	-	-	-
Investment grants15	-	-	€0.2m	€0.5m	€0.4m	€0.4m	€0.3m	▼ 28.7%
Amounts payable17/49	€1.1m	€1.6m	€2.6m	€2.3m	€3.2m	€3.4m	€3.9m	▲ 14.3%
Amounts payable after more than one year17	€0.4m	€0.3m	€0.3m	€0.3m	€0.6m	€0.9m	€0.6m	▼ 31.2%
Financial debts170/4	-	-	€0.3m	€0.3m	€0.6m	€0.9m	€0.6m	▼ 31.2%
Credit institutions173	-	-	-	-	€0.3m	€0.6m	€0.6m	▼ 2.5%
Other loans174	-	-	-	-	€0.3m	€0.3m	€0	▼ 100%
Other amounts payable178/9	-	-	€0.01m	€0.01m	€0	-	-	-
Amounts payable within one year42/48	€0.7m	€1.3m	€1.8m	€1.7m	€1.6m	€1.9m	€2.2m	▲ 12.7%
Current portion of amounts payable after more than one year42	-	-	€0.1m	€0.2m	€0.2m	€0.2m	€0.5m	▲ 111%
Financial debts43	-	-	€0.3m	€0.3m	€0.3m	€0.3m	€0	▼ 100%
Credit institutions430/8	-	-	€0.3m	€0.3m	€0.3m	€0.3m	€0	▼ 100%
Trade debts44	€0.3m	€0.5m	€0.3m	€0.5m	€0.6m	€0.5m	€1.0m	▲ 116%
Suppliers440/4	-	-	€0.3m	€0.5m	€0.6m	€0.5m	€1.0m	▲ 116%
Advances received on contracts in progress46	-	-	€0	-	-	-	€0.03m	-
Taxes, remuneration and social security45	-	-	€0.4m	€0.4m	€0.4m	€0.5m	€0.7m	▲ 33.0%
Taxes450/3	-	-	€0.1m	€0.07m	€0.08m	€0.1m	€0.2m	▲ 76.2%
Remuneration and social security454/9	-	-	€0.3m	€0.3m	€0.3m	€0.4m	€0.4m	▲ 19.0%
Other amounts payable47/48	-	-	€0.7m	€0.4m	€0.2m	€0.5m	€0	▼ 100%
Accrued charges and deferred income492/3	-	-	€0.4m	€0.3m	€0.9m	€0.6m	€1.1m	▲ 83.6%

Line	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€0.2m	€0.4m	€0.3m	€0.7m	€0.3m	€0.9m	€0.5m	▼ 48.9%
+ Depreciation and write-downs630	€0.3m	€0.4m	€0.6m	€0.6m	€0.7m	€0.8m	€1.1m	▲ 43.2%
Operating cash flow (approximation)	€0.5m	€0.8m	€0.9m	€1.2m	€1.0m	€1.7m	€1.6m	▼ 6.5%
Investment in fixed assets (approximation)	-	-€0.4m	-€1.5m	-€0.6m	-€0.4m	-€1.3m	-€0.7m	▲ 49.6%
Change in cash	-	€0.4m	-€0.6m	€0.2m	-€0.1m	€1.4m	€0.2m	▼ 86.0%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	13-10-2026	2026-00554977	NBB
31-12-2024	full format	28-07-2025	2025-00314825	PDF
31-12-2023	full format	11-10-2024	2024-00505534	PDF
31-12-2022	abbreviated format	30-09-2023	2023-00464274	PDF
31-12-2021	abbreviated format	31-08-2022	2022-20367615	PDF
30-06-2020	abbreviated format	29-01-2021	2021-03600421	PDF
30-06-2019	abbreviated format	31-01-2020	2020-03500337	PDF

Board & ownership

Directors

4 directors, last change in 2023

Board 4

Christophe Lemaître

Director · since 30-05-2023 · listed in the 2025 annual accounts, filed on 13-10-2026

Current

Christophe Van Wichelen

Director · since 30-05-2023 · listed in the 2025 annual accounts, filed on 13-10-2026

Current

Tanja Vaheri

Director · since 30-05-2023 · listed in the 2025 annual accounts, filed on 13-10-2026

Current

Tom Discart

Director · since 30-05-2023 · listed in the 2025 annual accounts, filed on 13-10-2026

Current

Statutory auditor 1

KPMG Bedrijfsrevisoren BV/SRL

Statutory auditor · since 22-12-2021 · permanent representative: DELOOSE Stefan · listed in the 2025 annual accounts, filed on 13-10-2026

Current

Office holders in the KBO →

Owners and capital

Shareholders

2 owners

Chain of control

Telenet Group Holding nv consolidates
LIBERTY GLOBAL LTD.BM consolidated
TELENET GROUP HOLDING 100%
Telenet Group 100%
CONNECTIFY

Telenet Groupparent
Sourceown accounts 2025 accounts Telenet Group 2025
Equity €3.06bn Loss of €133.4m in 2025 (loss of €93.4m in 2024) Checked score 83

100%
Telenet Group Holding nvconsolidating parent
Sourceparent in own accounts 2025

consolidates

Capital transactions

Capital over time

05-03-2024 Capital stated in the deed · €3,920,771.80 · 148 shares

Mandate history

8 people, 5 in office

All 8 In office 5 Ended 3

Board
Statutory auditor
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Christophe Lemaître	Director, appointed in the act of 21-06-2023, still in office
Christophe Van Wichelen	Director, appointed in the act of 21-06-2023, still in office
Tanja Vaheri	Director, appointed in the act of 21-06-2023, still in office
Tom Discart	Director, appointed in the act of 21-06-2023, still in office
KPMG Bedrijfsrevisoren BV/SRL	Statutory auditor, appointed in the act of 29-10-2024, still in office
IDEA CREATION	Director, until 21-06-2023
Sophie Pollet	Director, until 21-06-2023
SPORTS AND SPARKS	Director, until 21-06-2023

See the board, name and registered office on a given date →

Articles of association

Dissolution rule: “Algemene vergadering kan te allen tijde bevoegdheden bij gewone meerderheid beperken, Artikel 27”

Articles of association, deed of 05-03-2024 (in Dutch)

Network & group

Part of the group LIBERTY GLOBAL LTD. 23 companies Group, risk and exposure

Holdings and subsidiaries

1 holding

UCASTsubsidiary
Sourceown accounts 2025 accounts UCAST 2025
Equity -€1.2m Loss of €90,172 in 2025 (loss of €319,366 in 2024) Checked score 46

60.45%

Companies at the same address

10 other companies

Connections & network

4 current directors

Depth

The network starts from the directors of CONNECTIFY. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

Acts, filings and financial milestones

All 14Financial 2Gazette 5Filings 7

Deadline for the 2026 accounts: 31-07-2027

2026

13-10

NBB filing Annual accounts 2025 filedNBB

full format · 74 days late

2025

28-07

NBB filing Annual accounts 2024 filedPDF

full format · 3 days before the deadline

2024

31-12

Financial Highest result from 2019 to 2025net €906,137 ▲240%

The operating result of €1.3m and the net result of €906,137 are both a record.

29-10

Gazette deed Reappointment: KPMG Bedrijfsrevisoren bv/srl (statutory auditor)

2 points ▸

General meeting, 08-10-2024
Auditor reappointment, KPMG Bedrijfsrevisoren bv/srl (statutory auditor)

Open the act in the Belgian Official Gazette

11-10

NBB filing Annual accounts 2023 filedPDF

full format · 72 days late

28-03

Gazette deed Permanent representative: Stefan Danschotter

Power of attorney9 points ▸

Board meeting, 30-01-2024
Director in office, IDEA CREATION BV (CEO)
Permanent representative, Stefan Danschotter
Power of attorney, IDEA CREATION BV
Power of attorney
Power of attorney, Karl Abelshausen
Power of attorney, Rob Goyens
Power of attorney, Peter De Coster
Power of attorney, Gyongi Kis

Open the act in the Belgian Official Gazette

05-03

Gazette deed Amendment of the articles

Capital · Power of attorney5 points ▸

Capital, €3,920,771.80
Power of attorney
General meeting, 13-02-2024
Amendment of the articles, mentioned 2 times in the deed
Other provision, “Volmacht voor de coördinatie, DERDE BESLISSING” (deed in Dutch)

Open the act in the Belgian Official Gazette

2023

30-09

NBB filing Annual accounts 2022 filedPDF

abbreviated format · 61 days late

21-06

Gazette deed Resignations: Sophie Pollet, Sports and Sparks BV and Idea Creation BV

Permanent representatives: Jimmy Kluits and Stefan Danschotter · Appointments: Christophe Lemaître, Christophe Van Wichelen and 2 others11 points ▸

General meeting, 28-04-2023
Director resignation, Sophie Pollet (director)
General meeting, “schriftelijke besluiten van enige aandeelhouder, 30m2l 2023” (deed in Dutch)
Director resignation, Sports and Sparks BV (director)
Director resignation, Idea Creation BV (director)
Permanent representative, Jimmy Kluits
Permanent representative, Stefan Danschotter
Director appointment, Christophe Lemaître (director)
Director appointment, Christophe Van Wichelen (director)
Director appointment, Tom Discart (director)
Director appointment, Tanja Vaheri (director)

Open the act in the Belgian Official Gazette

2022

31-12

Financial Equity above €5mequity €5.7m ▲18.3%

With a profit in every financial year since 2019, equity grows to €5.7m.

31-08

NBB filing Annual accounts 2021 filedPDF

abbreviated format · 31 days late

2021

29-01

NBB filing Annual accounts 2020 filedPDF

abbreviated format · 2 days before the deadline

2020

31-01

NBB filing Annual accounts 2019 filedPDF

abbreviated format · on the deadline day

2018

01-08

Gazette deed IncorporationPDF

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

CONNECTIFY was incorporated on 23 July 2018.¹ Turnover grew from €9.3m in 2022 to €13.9m in 2025 and headcount from 20.3 full-time equivalents in 2019 to 37.4 in 2025.²

Company details

Register details

Identity

KBO record

Name CONNECTIFY in Dutch

Enterprise number 0700.317.531

Legal form Public limited company

Status Active, normale toestand

Founded 23-07-2018

Entity type Legal entity

Duration

Unlimited

deed of 05-03-2024 (in Dutch)

Registered office clause

“Vlaamse Gewest, bestuursorgaan mag administratieve zetels,exploitatiezetels,bijkantoren en depots oprichten in België of buitenland”

deed of 05-03-2024 (in Dutch)

Registered office and establishments

Registered office Sint-Jorisstraat 96, 8730 Beernem, Belgium

Establishment unit CONNECTIFY, Sint-Jorisstraat 96, 8730 Beernem since 23-07-2018 · unit number 2.278.207.029

Website www.connectify.be

E-mail info@connectify.be

Phone 050666555

Activities

NACEBEL 2025

VAT activities

62200 Computer consultancy and computer facilities management main activity

43211 General electrical installation work

62900 Other information technology and computer services

80090 Investigation and security activities

95100 Repair and maintenance of computers and communication equipment

Social security (RSZ) activities

43211 General electrical installation work main activity

Codes under NACEBEL 2008

VAT activities

62020 IT consultancy main activity

43211 Specialised construction activities

62090 Computer programming, consultancy and related activities

80200 Investigation and security activities

95110 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles

Social security (RSZ) activities

43211 Specialised construction activities main activity

Joint committee 200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025

Purpose

“De aankoop en verkoop,het ontwerpen en integreren van ICT-diensten en producten;telefooncentrales en communicatieapplicaties,smartphones en…”

16 activities

De aankoop en verkoop,het ontwerpen en integreren van ICT-diensten en producten;telefooncentrales en communicatieapplicaties,smartphones en telefoontoestellen;operatordiensten (internet,televisie,data- en telecomoplossingen (vast en mobiel);nutsvoorzieningen zoals elektriciteit en gas;wireless en wired netwerk oplossingen,switches,servers,back-up applicaties,softwaretools (office,erpsystemen,crm,enzovoort)
Het ontwikkelen en onderhouden van web-,windows- en linux-applicaties en aanverwanten,alsook de hosting
Het ontwikkelen en onderhouden van camerabewakingssystemen,toegangscontrole en allerhande video-oplossingen zoals digital signage
Het ontwikkelen van allerhande software applicaties om de beleving van voice-data en beeld te optimaliseren;het uitvoeren van totale geïntegreerde ICT- en telecommunicatieprojecten
De aankoop,implementatie,het onderhoud,de reparatie en service van bovenstaande productlijnen in ruime zin
Het aanbieden van ICT-oplossingen in aankoop en/of verhuur
Het verlenen van advies over alle hierboven vermelde zaken
De aan- en verkoop,kleinhandel,de installatie en reparatie,operationele leasing,huur en verhuur van,en het verlenen van advies betreffende alle elektrische toestellen en huishoudapparaten,communicatieapparatuur,audio- en videoapparatuur
Het inrichten van cursussen,lessencycli,bijscholing,demonstraties met betrekking tot informatica,mobiele en vaste telefonie in het algemeen
Het uitvoeren van herstellingen van ICT materialen
Het verlenen van alle vormen van management en dienstverlening,bijstand en hulp aan derden,op het vlak van algemeen management,financieel management,technische leiding,productie,aankoop,verkoop en trading,marketing,logistiek,informatica,budgettering;het opstarten van nieuwe bedrijven;relaties met de overheid en beroepsfederaties;interim management en change management;het verlenen van adviezen en intellectuele zowel als administratieve hulp;het ter beschikking stellen aan derden onder welke vorm ook van benodigdheden,materiaal,instrumenten,hardware en software;het uitvoeren in verband met hetgeen voorafgaat van concrete projecten
Het verlenen van alle activiteiten zoals opleiding,onderzoek,advies,dienstverlening,assistentie en training;krachtens contractuele of statutaire benoeming en in hoedanigheid van extern raadgever of orgaan van de cliënt
Het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven die op dit (die) domein(en) actief zijn,de vertegenwoordiging en het optreden als commercieel tussenpersoon
Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;het verhuren,aankopen,verkopen,verbouwen van en,algemeen genomen,de handel in alle mogelijke onroerende goederen en onroerende zakelijke rechten;het beheer en de exploitatie van gebouwen voor handels- en woongebruik
Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en immateriële duurzame activa;het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook zoals de aan- en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen
Het rechtstreeks of onrechtstreeks participeren,onder welke vorm ook,in bestaande of nog op te richten Belgische of buitenlandse vennootschappen,voor eigen rekening of voor rekening van derden,alsook het waarnemen van het beheer,het bestuur,de controle en de ontwikkeling van deze participaties;met name belangen nemen door middel van inbreng,opslorping,fusie,deelneming of op elke andere wijze in vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid

deed of 05-03-2024 (in Dutch)

Invoicing and payment

VAT number BE 0700.317.531

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0700317531

Follow this company and you will hear the next morning if it leaves the Peppol register.

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 0700.317.531

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Recognitions · licences · registrations

Licences in the Official Gazette

1 publication

Security firm approval (camera systems)

Granted · decision 21-11-2025 · published on 21-04-2026 · Official Gazette

Sites & property

Location

registered office establishment The establishment unit on the map

11 companies at this address See who is registered here

Buildings and parcels at the address

Ground area

2,310 m²

Building footprint

566 m²

Building volume

1,241 m³

Cadastral parcel	Region	Area	Buildings	Height / floors
31003D0068/00X000	Flanders	2,310 m²	1 · 566 m²	4.7 m · 1

Overview

Overview

Official details

Board and ownership

Financial position

Checked score

Signals

Financials

Financials · financial year 2025, full format

Staff

Overdue debts

Investments

Auditor

Subsidies and aid

Flemish government

Public contracts

Comparable companies

Companies with the same profile, two years later

Board & ownership

Directors

Board 4

Statutory auditor 1

Owners and capital

Shareholders

Owners 2

Capital transactions

Mandate history

Articles of association

Network & group

Holdings and subsidiaries

Holdings 1

Companies at the same address

Connections & network

Timeline

Acts, filings and financial milestones

History

Company details

Register details

Identity

Registered office and establishments

Activities

Invoicing and payment

Financial year and general meeting

Recognitions · licences · registrations

Licences in the Official Gazette

Sites & property

Buildings and parcels at the address