CONNECTION
Annual accounts 2025
micro format, filed on 25-03-2026, 128 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Amounts without an identifiable currency are taken as euros.
Balance sheet
balance sheet total €6,187 on 31-12-2025in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
6,187 | 463 | 599 | 161 | 4,552 | 4,813 | 4,263 | 4,724 | 4,465 | 3,916 | 4,896 | 6,334 | 6,947 | 8,761 | 9,632 | 11,032 | 12,130 | |
20 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 342 | 683 | 1,025 | 1,366 | |
21/28 |
- | - | - | - | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 577 | 918 | 1,260 | 1,601 | |
21 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
22/27 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
22 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
23 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
24 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
26 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
27 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
28 |
- | - | - | - | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | |
29/58 |
6,187 | 463 | 599 | 161 | 4,317 | 4,578 | 4,028 | 4,488 | 4,229 | 3,680 | 4,661 | 6,099 | 6,712 | 8,184 | 8,714 | 9,772 | 10,528 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
290 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
291 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
3 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
30/36 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
37 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
40/41 |
- | - | - | - | 3,549 | 3,549 | 3,549 | 3,549 | 3,549 | 3,549 | 4,271 | 4,966 | 4,966 | 8,166 | 8,314 | 8,325 | 8,325 | |
40 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
41 |
- | - | - | - | 3,549 | 3,549 | 3,549 | 3,549 | 3,549 | 3,549 | 4,271 | 4,966 | 4,966 | 8,166 | 8,314 | 8,325 | 8,325 | |
50/53 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
54/58 |
6,187 | 463 | 599 | 161 | 768 | 1,029 | 479 | 939 | 680 | 131 | 391 | 1,133 | 1,746 | 19 | 400 | 1,447 | 2,203 | |
490/1 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
6,187 | 463 | 599 | 161 | 4,552 | 4,813 | 4,263 | 4,724 | 4,465 | 3,916 | 4,896 | 6,334 | 6,947 | 8,761 | 9,632 | 11,032 | 12,130 | |
10/15 |
-6,124 | -7,265 | -6,206 | -5,180 | -74 | 1,187 | 1,637 | 2,239 | 2,899 | 3,637 | 4,896 | 5,626 | 6,176 | 7,482 | 9,285 | 10,685 | 11,782 | |
10/11 |
18,600 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
11 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
12 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
13 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
130/1 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
130 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
1311 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
1313 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
132 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
133 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
14 |
-24,724 | -19,665 | -18,606 | -17,580 | -12,474 | -11,213 | -10,763 | -10,162 | -9,501 | -8,763 | -7,504 | -6,774 | -6,224 | -4,918 | -3,115 | -1,715 | -618 | |
15 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
19 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
160/5 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
160 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
161 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
162 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
163 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
17/49 |
12,311 | 7,727 | 6,805 | 5,342 | 4,626 | 3,626 | 2,626 | 2,485 | 1,566 | 279 | - | 707 | 771 | 1,279 | 348 | 348 | 348 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
175 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
176 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
178/9 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
42/48 |
12,311 | 7,727 | 6,805 | 5,342 | 4,626 | 3,626 | 2,626 | 2,485 | 1,566 | 279 | - | 707 | 771 | 1,279 | 348 | 348 | 348 | |
42 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
430/8 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
439 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
44 |
4,768 | 601 | 179 | 715 | - | - | - | 206 | 287 | - | - | 360 | 424 | 931 | - | - | - | |
440/4 |
4,768 | 601 | 179 | 715 | - | 0 | 0 | 206 | 287 | 0 | 0 | 360 | 424 | 931 | - | - | - | |
441 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
46 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
45 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
450/3 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
454/9 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
47/48 |
7,543 | 7,126 | 6,626 | 4,626 | 4,626 | 3,626 | 2,626 | 2,279 | 1,279 | 279 | 0 | 348 | 348 | 348 | 348 | 348 | 348 | |
492/3 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
76A |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
9900 |
-4,574 | -601 | -579 | -917 | -860 | -55 | -209 | -277 | -355 | -877 | 0 | -514 | -576 | -1,080 | -699 | -410 | - | |
60/61 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
62 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
630 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 342 | 342 | 342 | 342 | 342 | |
631/4 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
635/8 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
640/8 |
411 | 387 | 384 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 695 | 0 | 354 | 348 | 348 | 348 | 348 | |
649 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
66A |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
9901 |
-4,985 | -989 | -963 | -1,264 | -1,208 | -402 | -556 | -624 | -703 | -1,225 | -695 | -514 | -1,271 | -1,769 | -1,388 | -1,099 | -689 | |
75/76B |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 10 | 74 | |
75 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 10 | 74 | |
76B |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
65/66B |
75 | 70 | 63 | 3,842 | 53 | 48 | 45 | 36 | 35 | 35 | 35 | 36 | 34 | 34 | 12 | 8 | 3 | |
65 |
75 | 70 | 63 | 3,607 | 53 | 48 | 45 | 36 | 35 | 35 | 35 | 36 | 34 | 34 | 12 | 8 | 3 | |
66B |
- | - | - | 235 | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
9903 |
-5,060 | -1,059 | -1,026 | -5,106 | -1,261 | -450 | -601 | -661 | -738 | -1,260 | -730 | -550 | -1,306 | -1,803 | -1,400 | -1,097 | -618 | |
67/77 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
9904 |
-5,060 | -1,059 | -1,026 | -5,106 | -1,261 | -450 | -601 | -661 | -738 | -1,260 | -730 | -550 | -1,306 | -1,803 | -1,400 | -1,097 | -618 | |
789 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
689 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
9905 |
-5,060 | -1,059 | -1,026 | -5,106 | -1,261 | -450 | -601 | -661 | -738 | -1,260 | -730 | -550 | -1,306 | -1,803 | -1,400 | -1,097 | -618 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-24,724 | -19,665 | -18,606 | -17,580 | -12,474 | -11,213 | -10,763 | -10,162 | -9,501 | -8,763 | -7,504 | -6,774 | -6,224 | -4,918 | -3,115 | -1,715 | -618 | |
14P |
-19,665 | -18,606 | -17,580 | -12,474 | -11,213 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
691 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
6920 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
6921 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
694 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
695 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
696 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 25-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-03-2026 | 2026-00061952 | |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00380540 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00421045 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00391207 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20350192 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53200022 | |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27100120 | |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45200188 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-51700392 | |
| 31-12-2016 | full format | 31-07-2017 | 2017-37700297 | |
| 31-12-2015 | full format | 27-06-2016 | 2016-21800342 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-52800301 | |
| 31-12-2013 | full format | 18-08-2014 | 2014-42300335 | |
| 31-12-2012 | full format | 29-08-2013 | 2013-50500132 | |
| 31-12-2011 | full format | 29-08-2012 | 2012-46700093 | |
| 31-12-2010 | full format | 31-08-2011 | 2011-47400330 | |
| 31-12-2009 | full format | 25-08-2010 | 2010-43800346 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | -402 | -556 | -624 | -703 | -1,225 | -695 | -514 | -930 | -1,428 | -1,046 | -757 | -348 | ||
| - | - | - | - | - | -450 | -601 | -661 | -738 | -1,260 | -730 | -550 | -964 | -1,461 | -1,058 | -756 | -276 | ||
| - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 235 | ||
| 5,724 | -136 | 438 | -606 | -261 | 550 | -460 | 259 | 549 | -260 | -743 | -613 | 1,728 | -381 | -1,047 | -756 | - | ||
| -6,124 | -7,265 | -6,206 | -5,180 | -309 | 952 | 1,402 | 2,003 | 2,664 | 3,402 | - | 5,391 | 5,941 | 6,905 | 8,367 | 9,425 | 10,181 | ||
| -99.0% | - | - | - | - | - | - | - | - | - | - | 88.8% | 88.9% | 85.4% | 96.4% | 96.9% | 97.1% | ||
| 0.50 | - | - | - | - | - | - | - | - | - | - | 8.62 | 8.71 | 6.40 | 25.08 | 28.12 | 30.30 | ||
| - | - | - | - | - | - | - | - | - | - | - | 0.13 | 0.12 | 0.17 | 0.04 | 0.03 | 0.03 | ||
| - | - | - | - | - | - | - | - | - | - | - | -9.8% | -21.1% | -24.1% | -15.1% | -10.3% | -5.2% | ||
| -81.8% | - | - | - | - | - | - | - | - | - | - | -8.7% | -18.8% | -20.6% | -14.5% | -9.9% | -5.1% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on CONNECTION
The operating result for 2025 is a loss of €4,985, larger than the loss of €989 in 2024. It is the lowest result since 2009.
Equity is negative. Debt (€12,311) exceeds the balance-sheet total (€6,187).