CONNEXEON
ActiveSummary
CONNEXEON has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €-11k. Equity is shrinking by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 25% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-15
Solvency58▼-18
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.75 in 2023; short-term debt: 66% and cash: 27% of total assets), and 67.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.7%
Return on assets
-12.2%
Age of the figures
21 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-11k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
2 d early
2022
4 d early
2021
on the day
2020
4 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€29k▼ 27.2%
2023 · €40k
Total assets
€88k▲ 13.9%
2023 · €77k
Net result
€-11k▼ 346%
2023 · €-2k
Working capital
€21k▼ 26.8%
2023 · €28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-27k€-27k▼ 0.2%€-40k▼ 47.4%€-2k▲ 95.6%€-9k▼ 398%
Net result€-27k€-27k▼ 1.1%€-35k▼ 25.5%€-2k▲ 93.0%€-11k▼ 346%
Equity€104k▼ 20.7%€76k▼ 26.5%€42k▼ 45.2%€40k▼ 5.8%€29k▼ 27.2%
Total assets€387k▲ 2.6%€316k▼ 18.3%€51k▼ 84.0%€77k▲ 52.2%€88k▲ 13.9%
Debt€283k▲ 15.1%€239k▼ 15.3%€9k▼ 96.3%€38k▲ 329%€59k▲ 57.0%
Working capital€100k▼ 23.5%€75k▼ 25.6%€42k▼ 43.8%€28k▼ 32.3%€21k▼ 26.8%
Staff (FTE)1▲ 233%1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €2k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88k
Fixed assets
€9k ▼ 18.0%
Current assets
€79k ▲ 19.2%
Equity and liabilities €88k
Equity
€29k ▼ 27.2%
Debt
€59k ▲ 57.0%
Debt's share of the balance-sheet total rises from 48.8% to 67.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2023 · €230
Cash flow
€-9k▼
2023 · €-415
Current ratio
1.36▼
2023 · 1.75
Debt to equity
2.05▲
2023 · 0.95
ROE
-37.4%▼
2023 · -6.1%
ROA
-12.2%▼
2023 · -3.1%
Interest coverage
-4.17▼
2023 · 0.35
Debt ≤ 1 year
€58k▲
2023 · €38k
Debt > 1 year
€1k
Income taxes
€349
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €55k | €45k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €2k | ▲ 0.4% |
| Other operating charges640/8 | - | €1k | €322 | €1k | €1k | ▼ 5.7% |
| Gross operating margin9900 | €38k | €31k | €7k | €2k | €-6k | ▼ 472% |
| Operating profit (loss)9901 | €-27k | €-27k | €-40k | €-2k | €-9k | ▼ 398% |
| Financial income75/76B | - | €2 | €5k | €6 | €28 | ▲ 371% |
| Recurring financial income75 | €285 | €2 | €5k | €6 | €28 | ▲ 371% |
| Non-recurring financial income76B | - | - | - | €6 | - | - |
| Financial charges65/66B | - | €521 | - | €651 | €2k | ▲ 150% |
| Recurring financial charges65 | €656 | €521 | - | €651 | €2k | ▲ 150% |
| Non-recurring financial charges66B | - | - | - | €651 | - | - |
| Profit (loss) for the period before taxes9903 | €-27k | €-27k | €-35k | €-2k | €-10k | ▼ 331% |
| Income taxes67/77 | €-116 | - | - | - | €349 | - |
| Profit (loss) for the period9904 | €-27k | €-27k | €-35k | €-2k | €-11k | ▼ 346% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-27k | €-35k | €-2k | €-11k | ▼ 346% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €387k | €316k | €51k | €77k | €88k | ▲ 13.9% |
| Fixed assets21/28 | €4k | €2k | - | €11k | €9k | ▼ 18.0% |
| Tangible fixed assets22/27 | €4k | €2k | - | €10k | €8k | ▼ 19.8% |
| Plant, machinery and equipment23 | - | €2k | - | €10k | €8k | ▼ 19.7% |
| Furniture and vehicles24 | - | - | - | €246 | €186 | ▼ 24.2% |
| Financial fixed assets28 | - | - | - | €1k | €1k | = |
| Current assets29/58 | €383k | €314k | €51k | €66k | €79k | ▲ 19.2% |
| Amounts receivable within one year40/41 | €370k | €283k | €37k | €47k | €32k | ▼ 31.4% |
| Trade receivables40 | - | €282k | €30k | €34k | €28k | ▼ 17.2% |
| Other amounts receivable41 | - | €922 | €7k | €12k | €4k | ▼ 71.3% |
| Current investments50/53 | - | - | - | - | €23k | - |
| Cash at bank and in hand54/58 | €13k | €31k | €14k | €19k | €24k | ▲ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €387k | €316k | €51k | €77k | €88k | ▲ 13.9% |
| Equity10/15 | €104k | €76k | €42k | €40k | €29k | ▼ 27.2% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €83k | €56k | €21k | €19k | €19k | = |
| Tax-exempt reserves132 | - | €19k | - | - | - | - |
| Distributable reserves133 | - | €37k | €21k | €19k | €19k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-11k | - |
| Amounts payable17/49 | €283k | €239k | €9k | €38k | €59k | ▲ 57.0% |
| Amounts payable after more than one year17 | - | - | - | - | €1k | - |
| Financial debts170/4 | - | - | - | - | €1k | - |
| Amounts payable within one year42/48 | €283k | €239k | €9k | €38k | €58k | ▲ 53.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1k | - |
| Financial debts43 | - | €4k | €3 | €1k | €2k | ▲ 31.7% |
| Credit institutions430/8 | - | €4k | €3 | €1k | €2k | ▲ 31.7% |
| Trade debts44 | €47k | €15k | €9k | €29k | €51k | ▲ 74.6% |
| Suppliers440/4 | - | €15k | €9k | €29k | €51k | ▲ 74.6% |
| Taxes, remuneration and social security45 | - | - | - | €7k | €4k | ▼ 45.1% |
| Taxes450/3 | - | - | - | €7k | €4k | ▼ 45.1% |
| Other amounts payable47/48 | - | €220k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €-27k | €-35k | €-2k | €-11k | ▼ 346% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €2k | ▲ 0.4% |
| Operating cash flow (approximation) | €-25k | €-26k | €-33k | €-415 | €-9k | ▼ 2,009% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €0 | - |
| Change in cash | - | €18k | €-17k | €6k | €4k | ▼ 22.4% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 5.77
Current ratio from 1.31 to 5.77; short-term debt falls from €239k to €9k.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 84 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 149 days late
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 132 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Antwerpen · 1 establishment unit since 2004
Ground area
1,073 m²
Building footprint
551 m²
Volume, LiDAR
6,160 m³
2 parcels, Flanders · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Wizzou
since 20042.139.536.126
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3747/00G002 | Flanders | 1,021 m² | 1 · 499 m² | 20.2 m · 4 fl. |
| 11804D2333/00B000 | Flanders | 52 m² | 1 · 52 m² | 21.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,228 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)
Founded29-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Contact
Scores and ratios are computed by Checked and are not a credit decision.