Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Of this, €640,125 falls due within a year.
In 2025, 4 people joined and 15 left.
Latest accounts filed late: after the legal deadline.
Lower net result than 95% of companies in computer programming and consultancy. Sector median €35,587 · 1,693 companies.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 5% of them on solvency, 40% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
In July 2024, 678 companies had the same profile as CONNECTIS has now. Each dot stands for 2 companies, two years later.
Another 2.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CONNECTIS itself: 4.7% within 12 months.
The method was tested on the 497,448 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 678 companies, not a prediction for CONNECTIS. 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.
Liquidity is tight, with a current ratio of 1.31 (2.41 in 2024), below the usual 1.5. Short-term debt is 37.5% and cash 6.3% of total assets. Equity is negative.
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.
The company filed its last 7 accounts on average 28 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.
Shares in 6 companies, including DIRLAND TELECOM BELGIQUE and LINK2LINK
Board & ownership| Company | ||||
|---|---|---|---|---|
| CONNECTIS Uccle | €1.7m | €547,725 | -17.0% | 21.5 |
| UBIDATA Etterbeek | €1.6m | €660,619 | 48.7% | 9.6 |
| TITANS Ghent | €1.7m | €810,403 | 49.9% | 12.9 |
| ROGUESIDE Kontich | €1.7m | €709,428 | 50.7% | 14.8 |
| TMS Facility Technics Rumst | €1.2m | €719,113 | -36.5% | 12.7 |
| MANYTHINK Forest | €1.2m | €524,310 | 63.7% | 9.7 |
| INTM BELGIUM Brussels | €1.6m | €696,008 | 61.1% | 8.6 |
These companies have the same main activity as CONNECTIS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €1.2m and €1.7m, founded between 2003 and 2011.
CONNECTIS has existed since 2002. In 2016 the gross margin rose from €367,165 to €797,823.
Solvency fell in 2025 from 9.6% to -17.0% because of the loss and higher long-term debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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