Connectwork
ActiveSummary
Connectwork has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,278 and a net result of €49,773. Its solvency ranks better than 74% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-10-2023 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 2 others
- Establishment unit
- 2.351.556.647 9250 Waasmunster, since 31-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €68,351
- ▼ 30.9%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €49,773
- ▼ 33.8%
- Equity
- €126,278
- ▲ 63.3%
- Total assets
- €158,493
- ▲ 45.3%
Score breakdownraises riskFounded in 2023lowers riskLiquidity: current ratio 4.58, cash €93,796Sector: Computer programming, consultancy and related activities (NACE 62)Equity €126,278 (79.7% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 85% of them on solvency, 82% on liquidity, 82% on profitability and 83% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 2 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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 33% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €8,807 | €6,384 |
| Depreciation and write-downs of the year | €1,215 | €3,183 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as Connectwork: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €141,000 and €178,000, founded between 2023 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Connectwork Waasmunster | 2023 | €158,493 | €126,278 | €68,351 | €49,773 | 2025 |
| WLCS Gent | 2023 | €162,292 | €114,897 | €73,315 | €53,497 | 2025 |
| Operoso Lokeren | 2024 | €144,786 | €88,254 | €71,360 | €44,149 | 2025 |
| LONG STORY SHORT Gent | 2023 | €142,037 | €120,641 | €69,228 | €47,739 | 2025 |
| ATANE Zulte | 2023 | €157,775 | €128,612 | €60,532 | €38,729 | 2025 |
| RaptorNest Nexus Solutions Buggenhout | 2023 | €140,796 | €73,673 | €70,987 | €43,482 | 2025 |
| BackLAIght Gent | 2024 | €178,269 | €136,431 | €66,510 | €52,920 | 2025 |
They were chosen from the 18,968 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 observationIn July 2024, 39,278 companies had the same profile as Connectwork has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of Connectwork itself is lower: < 0.1% within 12 months. It rests on far more data about Connectwork than the profile alone.
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.
| 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 39,278 companies, not a prediction for Connectwork. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,215 | €3,183 | ▲ 162% |
| Other operating charges640/8 | €749 | €370 | ▼ 50.6% |
| Gross operating margin9900 | €98,909 | €68,351 | ▼ 30.9% |
| Operating profit (loss)9901 | €96,945 | €64,799 | ▼ 33.2% |
| Financial income75/76B | €29 | €292 | ▲ 900% |
| Recurring financial income75 | €29 | €292 | ▲ 900% |
| Financial charges65/66B | €2,389 | €1,837 | ▼ 23.1% |
| Recurring financial charges65 | €2,389 | €1,837 | ▼ 23.1% |
| Profit (loss) for the period before taxes9903 | €94,585 | €63,253 | ▼ 33.1% |
| Income taxes67/77 | €19,414 | €13,481 | ▼ 30.6% |
| Profit (loss) for the period9904 | €75,171 | €49,773 | ▼ 33.8% |
| Profit (loss) for the period to be appropriated9905 | €75,171 | €49,773 | ▼ 33.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €109,089 | €158,493 | ▲ 45.3% |
| Fixed assets21/28 | €7,592 | €10,793 | ▲ 42.2% |
| Tangible fixed assets22/27 | €7,592 | €10,793 | ▲ 42.2% |
| Plant, machinery and equipment23 | €5,364 | €9,338 | ▲ 74.1% |
| Furniture and vehicles24 | €2,228 | €1,455 | ▼ 34.7% |
| Current assets29/58 | €101,496 | €147,700 | ▲ 45.5% |
| Amounts receivable after more than one year29 | €3,492 | €3,492 | = |
| Other amounts receivable291 | €3,492 | €3,492 | = |
| Amounts receivable within one year40/41 | €17,954 | €50,337 | ▲ 180% |
| Trade receivables40 | €13,658 | €37,920 | ▲ 178% |
| Other amounts receivable41 | €4,296 | €12,416 | ▲ 189% |
| Cash at bank and in hand54/58 | €79,030 | €93,796 | ▲ 18.7% |
| Deferred charges and accrued income490/1 | €1,020 | €76 | ▼ 92.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €109,089 | €158,493 | ▲ 45.3% |
| Equity10/15 | €77,338 | €126,278 | ▲ 63.3% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €74,338 | €123,278 | ▲ 65.8% |
| Distributable reserves133 | €74,338 | €123,278 | ▲ 65.8% |
| Amounts payable17/49 | €31,750 | €32,216 | ▲ 1.5% |
| Amounts payable within one year42/48 | €31,750 | €32,216 | ▲ 1.5% |
| Trade debts44 | €3,100 | €2,542 | ▼ 18.0% |
| Suppliers440/4 | €3,100 | €2,542 | ▼ 18.0% |
| Taxes, remuneration and social security45 | €27,817 | €28,841 | ▲ 3.7% |
| Taxes450/3 | €27,817 | €28,841 | ▲ 3.7% |
| Other amounts payable47/48 | €833 | €833 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €75,171 | €49,773 | ▼ 33.8% |
| + Depreciation and write-downs630 | €1,215 | €3,183 | ▲ 162% |
| Operating cash flow (approximation) | €76,386 | €52,956 | ▼ 30.7% |
| Investment in fixed assets (approximation) | - | -€6,384 | - |
| Change in cash | - | €14,765 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- De Witte, Cedric sole founder · 100% at incorporation
Capital transactions
- 06-11-2023 Incorporation · €3,000
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Voorzitter of bij afwezigheid lid aangeduid bij gewone meerderheid, verhinderde bestuurder kan schriftelijk ander lid machtigen hem te…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Kandidaat-overdrager en zich verzettende ieder voor helft, commissaris of als er geen commissaris is bedrijfsrevisor aangewezen binnen twee…”
Articles of association, deed of 06-11-2023 (in Dutch)
Network & group
Connectwork shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Connectwork. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-11
Gazette deed
IncorporationStarting capital €3,000 · Appointment: De Witte, Cedric (director) · Registered office clause · Founder5 points ▸
- Registered office clause, “9250 Waasmunster,Waselakehof 4” (deed in Dutch)
- Director appointment, De Witte, Cedric (director (not named in the articles))
- Incorporation, 30-10-2023
- Founder, De Witte, Cedric
- Founding capital, €3,000
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Connectwork was incorporated on 31 October 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 De Witte, Cedric is director of the company, appointed in the act of 06-11-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
21 activities
- Het leveren van advies, het maken van ontwerpen, het installeren en ondersteunen en begeleiden van projecten in de informatie en communicatie technologie (ICT);
- Het organiseren van helpdesk en controlecentrum en het leveren van advies op afstand;
- Het analyseren van ICT systemen, installeren en onderhouden van softwaretoepassingen, delegatie van gespecialiseerd hard- en software personeel;
- De hierboven opgesomde diensten zullen verleend worden in alle mogelijke vormen, aan alle mogelijke ondernemingen ongeacht hun bedrijvigheid, grootte of locatie;
- Aan- en verkoop, verhuur, leasing en installatie van computerhardware en software en alle randapparatuur en toebehoren daarmee gepaard gaande;
- Ontwerp en inrichting van computerzalen en aan- en verkoop van gespecialiseerd meubilair;
- Het organiseren van alle mogelijke seminaries, opleidingen of manifestaties hetzij in groep, hetzij individueel zonder enige beperking inzake onderwerp, grootte of locatie.
- Al dan niet permanent verwerken van gegevens met behulp van een eigen programma of een programma van de klant zoals het invoeren en de volledige verwerking van gegevens;
- Netwerkbeheerder;
- Activiteiten van systeemintegrators;
- Het vervaardigen, ontwerpen, openen, beheren en commercialiseren van websites, webshops en soortgelijke onlineplatforms, alsmede de online marketingcommunicatie hiervan en alle mogelijke commerciële activiteiten hieraan verbonden;
- Het online aan- en verkopen via internet of via webshop van goederen en diensten, in de meest brede zin te interpreteren;
- Het beheren en ontwerp van websites;
- De aan- en verkoop, vervoer, import en export van alle mogelijke roerende goederen.
- Het verwerken van alle gegevens die ter kennis komen van de vennootschap via webshop, onlineplatformen en via eender welke andere vorm van gegevensdoorstroming;
- Alle activiteiten in verband met e-commerce.
- Het geven van cursussen en advies, zowel fysiek als digitaal;
- Activiteiten van Mystery Shopper, meer bepaald:
- Markt- en opinieonderzoeksbureau;
- Onderzoek naar de omvang van de markt voor bepaalde producten, de ontvangst en de bekendheid van producten en koopgewoonten, met het oog op verkoopbevordering en ontwikkeling van nieuwe producten.
- Statische analyses van de resultaten van het onderzoek.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42023B2227/00F000 | Flanders | 539 m² | 1 · 96 m² | 4.4 m |