CONNECTION
ActiveSummary
The computed 12-month bankruptcy probability of CONNECTION is 2.3% (moderate). The 2025 annual accounts show negative equity (-€6,124) and a net result of -€5,060. Equity is shrinking by ~37.9% per year across the filed fiscal years. The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
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Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,943 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €411 | ▲ 6.2% |
| Gross operating margin9900 | -€860 | -€917 | -€579 | -€601 | -€4,574 | ▼ 661% |
| Operating profit (loss)9901 | -€1,208 | -€1,264 | -€963 | -€989 | -€4,985 | ▼ 404% |
| Financial charges65/66B | €53 | €3,842 | €63 | €70 | €75 | ▲ 6.8% |
| Recurring financial charges65 | €53 | €3,607 | €63 | €70 | €75 | ▲ 6.8% |
| Non-recurring financial charges66B | - | €235 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1,261 | -€5,106 | -€1,026 | -€1,059 | -€5,060 | ▼ 378% |
| Profit (loss) for the period9904 | -€1,261 | -€5,106 | -€1,026 | -€1,059 | -€5,060 | ▼ 378% |
| Profit (loss) for the period to be appropriated9905 | -€1,261 | -€5,106 | -€1,026 | -€1,059 | -€5,060 | ▼ 378% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,552 | €161 | €599 | €463 | €6,187 | ▲ 1,237% |
| Fixed assets21/28 | €235 | - | - | - | - | - |
| Financial fixed assets28 | €235 | - | - | - | - | - |
| Current assets29/58 | €4,317 | €161 | €599 | €463 | €6,187 | ▲ 1,237% |
| Amounts receivable within one year40/41 | €3,549 | - | - | - | - | - |
| Other amounts receivable41 | €3,549 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €768 | €161 | €599 | €463 | €6,187 | ▲ 1,237% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,552 | €161 | €599 | €463 | €6,187 | ▲ 1,237% |
| Equity10/15 | -€74 | -€5,180 | -€6,206 | -€7,265 | -€6,124 | ▲ 15.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €18,600 | ▲ 50.0% |
| Profit (loss) carried forward14 | -€12,474 | -€17,580 | -€18,606 | -€19,665 | -€24,724 | ▼ 25.7% |
| Amounts payable17/49 | €4,626 | €5,342 | €6,805 | €7,727 | €12,311 | ▲ 59.3% |
| Amounts payable within one year42/48 | €4,626 | €5,342 | €6,805 | €7,727 | €12,311 | ▲ 59.3% |
| Trade debts44 | - | €715 | €179 | €601 | €4,768 | ▲ 693% |
| Suppliers440/4 | - | €715 | €179 | €601 | €4,768 | ▲ 693% |
| Other amounts payable47/48 | €4,626 | €4,626 | €6,626 | €7,126 | €7,543 | ▲ 5.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,261 | -€5,106 | -€1,026 | -€1,059 | -€5,060 | ▼ 378% |
| Operating cash flow (approximation) | -€1,261 | -€5,106 | -€1,026 | -€1,059 | -€5,060 | ▼ 378% |
| Change in cash | - | -€606 | €438 | -€136 | €5,724 | ▲ 4,305% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
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.
Rue du Grand Champ, ZI, Nov. 95380 Fernelmont1 establishment unit
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
98%
According to the 2021 annual accounts of CONNECTION and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.