CONNESS
ActiveSummary
CONNESS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €384,647 and a net result of €60,759. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-5
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 10.09 against 11.17 in 2024; short-term debt: 6.7% and cash: 31.7% of total assets), and 24.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.8%
Return on assets
12%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
2 d early
2021
3 d early
2020
3 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€384,647▲ 0.4%
2024 · €383,042
Total assets
€507,660▼ 1.8%
2024 · €516,829
Net result
€60,759▼ 27.6%
2024 · €83,868
Working capital
€308,666▼ 7.1%
2024 · €332,389
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55,608▲ 6.0%€142,850▲ 157%€71,183▼ 50.2%€118,388▲ 66.3%€82,187▼ 30.6%
Net result€40,231within the sector's middle half▲ 18.7%€102,086above the sector's middle half▲ 154%€49,555within the sector's middle half▼ 51.5%€83,868above the sector's middle half▲ 69.2%€60,759within the sector's middle half▼ 27.6%
Equity€196,726within the sector's middle half▲ 12.2%€260,166above the sector's middle half▲ 32.2%€299,174above the sector's middle half▲ 15.0%€383,042above the sector's middle half▲ 28.0%€384,647above the sector's middle half▲ 0.4%
Total assets€407,638within the sector's middle half▲ 2.9%€476,196within the sector's middle half▲ 16.8%€460,798within the sector's middle half▼ 3.2%€516,829above the sector's middle half▲ 12.2%€507,660above the sector's middle half▼ 1.8%
Debt€210,912▼ 4.5%€216,029▲ 2.4%€161,624▼ 25.2%€133,788▼ 17.2%€123,013▼ 8.1%
Working capital€139,985▼ 0.9%€210,732▲ 50.5%€247,747▲ 17.6%€332,389▲ 34.2%€308,666▼ 7.1%
Solvency48.3%within the sector's middle half▲ 4.0pp54.6%within the sector's middle half▲ 6.4pp64.9%within the sector's middle half▲ 10.3pp74.1%within the sector's middle half▲ 9.2pp75.8%within the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507,660
Fixed assets
€165,026 ▲ 8.7%
Current assets
€342,634 ▼ 6.1%
Equity and liabilities €507,660
Equity
€384,647 ▲ 0.4%
Debt
€123,013 ▼ 8.1%
Debt's share of the balance-sheet total falls from 25.9% to 24.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98,649▼
2024 · €134,612
Cash flow
€77,221▼
2024 · €100,092
Current ratio
10.09▼
2024 · 11.17
Debt to equity
0.32▼
2024 · 0.35
ROE
15.8%▼
2024 · 21.9%
ROA
12.0%▼
2024 · 16.2%
Interest coverage
43.69▼
2024 · 46.47
Debt ≤ 1 year
€33,968▲
2024 · €32,692
Debt > 1 year
€86,978▼
2024 · €99,030
Income taxes
€23,027▼
2024 · €35,435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 17,792 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €17,121 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,328 | €27,413 | €18,017 | €16,224 | €16,462 | ▲ 1.5% |
| Other operating charges640/8 | €1,274 | €1,477 | €1,211 | €1,589 | €736 | ▼ 53.7% |
| Gross operating margin9900 | €82,210 | €171,740 | €90,411 | €136,201 | €99,386 | ▼ 27.0% |
| Operating profit (loss)9901 | €55,608 | €142,850 | €71,183 | €118,388 | €82,187 | ▼ 30.6% |
| Financial income75/76B | €4,108 | €3,643 | €3,406 | €3,812 | €3,856 | ▲ 1.2% |
| Recurring financial income75 | €4,108 | €3,643 | €3,406 | €3,812 | €3,856 | ▲ 1.2% |
| Financial charges65/66B | €3,234 | €3,153 | €2,840 | €2,897 | €2,258 | ▼ 22.1% |
| Recurring financial charges65 | €3,234 | €3,153 | €2,840 | €2,897 | €2,258 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €56,482 | €143,340 | €71,749 | €119,303 | €83,785 | ▼ 29.8% |
| Income taxes67/77 | €16,251 | €41,254 | €22,194 | €35,435 | €23,027 | ▼ 35.0% |
| Profit (loss) for the period9904 | €40,231 | €102,086 | €49,555 | €83,868 | €60,759 | ▼ 27.6% |
| Transfer to tax-exempt reserves689 | - | €42,100 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €40,231 | €59,986 | €49,555 | €83,868 | €60,759 | ▼ 27.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €407,638 | €476,196 | €460,798 | €516,829 | €507,660 | ▼ 1.8% |
| Fixed assets21/28 | €199,179 | €174,022 | €164,368 | €151,749 | €165,026 | ▲ 8.7% |
| Tangible fixed assets22/27 | €199,179 | €174,022 | €164,368 | €151,749 | €165,026 | ▲ 8.7% |
| Land and buildings22 | €186,884 | €172,560 | €155,824 | €142,329 | €138,841 | ▼ 2.5% |
| Plant, machinery and equipment23 | €670 | €337 | - | €3,162 | €3,162 | = |
| Furniture and vehicles24 | €11,624 | €1,126 | €8,544 | €6,257 | €23,023 | ▲ 268% |
| Current assets29/58 | €208,459 | €302,173 | €296,430 | €365,080 | €342,634 | ▼ 6.1% |
| Amounts receivable after more than one year29 | €154,319 | €133,159 | €123,477 | €113,559 | €103,398 | ▼ 8.9% |
| Other amounts receivable291 | €154,319 | €133,159 | €123,477 | €113,559 | €103,398 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €28,291 | €43,550 | €90,565 | €125,975 | €77,618 | ▼ 38.4% |
| Trade receivables40 | €17,795 | €32,349 | €71,433 | €99,660 | €36,677 | ▼ 63.2% |
| Other amounts receivable41 | €10,496 | €11,201 | €19,131 | €26,315 | €40,941 | ▲ 55.6% |
| Cash at bank and in hand54/58 | €24,934 | €124,523 | €81,371 | €124,486 | €160,861 | ▲ 29.2% |
| Deferred charges and accrued income490/1 | €915 | €942 | €1,017 | €1,061 | €757 | ▼ 28.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €407,638 | €476,196 | €460,798 | €516,829 | €507,660 | ▼ 1.8% |
| Equity10/15 | €196,726 | €260,166 | €299,174 | €383,042 | €384,647 | ▲ 0.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €184,326 | €247,766 | €286,774 | €370,642 | €372,247 | ▲ 0.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €42,100 | €42,100 | €42,100 | €42,100 | = |
| Distributable reserves133 | €182,466 | €203,806 | €242,814 | €326,682 | €328,287 | ▲ 0.5% |
| Amounts payable17/49 | €210,912 | €216,029 | €161,624 | €133,788 | €123,013 | ▼ 8.1% |
| Amounts payable after more than one year17 | €140,381 | €122,524 | €110,878 | €99,030 | €86,978 | ▼ 12.2% |
| Financial debts170/4 | €140,381 | €122,524 | €110,878 | €99,030 | €86,978 | ▼ 12.2% |
| Amounts payable within one year42/48 | €68,474 | €91,442 | €48,683 | €32,692 | €33,968 | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | €25,475 | €21,206 | €15,010 | €15,240 | €12,052 | ▼ 20.9% |
| Trade debts44 | - | - | - | - | €12,539 | - |
| Suppliers440/4 | - | - | - | - | €12,539 | - |
| Taxes, remuneration and social security45 | €13,312 | €33,642 | €15,353 | €16,789 | €9,377 | ▼ 44.1% |
| Taxes450/3 | €13,312 | €33,642 | €15,353 | €16,789 | €9,377 | ▼ 44.1% |
| Other amounts payable47/48 | €29,687 | €36,593 | €18,321 | €663 | - | - |
| Accrued charges and deferred income492/3 | €2,057 | €2,064 | €2,064 | €2,066 | €2,067 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,231 | €102,086 | €49,555 | €83,868 | €60,759 | ▼ 27.6% |
| + Depreciation and write-downs630 | €25,328 | €27,413 | €18,017 | €16,224 | €16,462 | ▲ 1.5% |
| Operating cash flow (approximation) | €65,559 | €129,499 | €67,571 | €100,092 | €77,221 | ▼ 22.8% |
| Investment in fixed assets (approximation) | - | -€2,256 | -€8,362 | -€3,605 | -€29,739 | ▼ 725% |
| Change in cash | - | €99,589 | -€43,152 | €43,115 | €36,375 | ▼ 15.6% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €200,000Eq €260,166 ▲32.2%
4 profitable years in a row build equity to €260,166.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
30-09
Financial
Equity above €150,000Eq €175,405 ▲23.9%
2 profitable years in a row build equity to €175,405.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €168,640
Net result €168,640 after one loss-making year.
30-09
Financial
Liquidity times 5current ratio 2.67
Current ratio from 0.59 to 2.67; short-term debt falls from €253,332 to €66,119.
30-09
Financial
Equity above €100,000Eq €141,517
Equity rises from -€27,123 to €141,517.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2010
Ground area
429 m²
Building footprint
128 m²
Volume, LiDAR
1,183 m³
Parcel 44432C1188/00T002, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Toekomststraat 21, 9040 Gent
since 20102.186.819.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1188/00T002 | Flanders | 429 m² | 1 · 128 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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TRISTAN KRSTIC
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 6,370 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-01-2010
Fiscal year end30-09
Activities, NACEBEL 2025
69101Activities of lawyers
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822498434
Also
9925:BE0822498434
Registered
19-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.