CONNEXTION
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
17 d early
2023
29 d late
2022
31 d late
2021
9 d late
2020
5 d early
2019
25 d late
2018
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 12 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,103▼ 90.7%
2023 · €76,026
Working capital
€26,947
2023 · -€5,231
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€85,562▼ 52.1%€62,443▼ 27.0%-€4,378€105,536€11,442▼ 89.2%
Net result€442,502▲ 215%€153,193▼ 65.4%-€20,252€76,026€7,103▼ 90.7%
Equity€1.8m▲ 32.0%€2.0m▲ 8.4%€2.0m▼ 1.0%€2.0m▲ 3.9%€2.0m▲ 0.3%
Total assets€2.5m▲ 0.2%€2.5m▼ 0.4%€2.5m=€2.5m▲ 0.1%€2.5m▲ 0.9%
Debt€679,276▼ 39.1%€515,544▼ 24.1%€536,880▲ 4.1%€463,027▼ 13.8%€478,086▲ 3.3%
Working capital-€656,969▲ 38.2%-€510,599▲ 22.3%-€526,130▼ 3.0%-€5,231▲ 99.0%€26,947
Why a figure moved sharply
- 2021 Net result -65% on 2020. Cause not known from the registers.
- 2020 Net result +215% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€2.5m =
Current assets
€30,365 ▲ 270%
Equity and liabilities €2.5m
Equity
€2.0m ▲ 0.3%
Debt
€478,086 ▲ 3.3%
Debt's share of the balance-sheet total rises from 18.5% to 19.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
8.88▲
2023 · 0.61
Debt to equity
0.23▲
2023 · 0.23
ROE
0.3%▼
2023 · 3.7%
ROA
0.3%▼
2023 · 3.0%
Debt ≤ 1 year
€3,418▼
2023 · €13,433
Debt > 1 year
€474,668▲
2023 · €449,593
Income taxes
€2,661▼
2023 · €19,361
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €868 | €868 | €482 | €1,077 | ▲ 123% |
| Gross operating margin9900 | €86,430 | €63,311 | -€3,510 | €106,018 | €12,518 | ▼ 88.2% |
| Operating profit (loss)9901 | €85,562 | €62,443 | -€4,378 | €105,536 | €11,442 | ▼ 89.2% |
| Financial income75/76B | - | €109,560 | €20 | €748 | €0 | ▼ 100% |
| Recurring financial income75 | €388,440 | €109,560 | €20 | €748 | €0 | ▼ 100% |
| Financial charges65/66B | - | €2,006 | €15,894 | €10,896 | €1,678 | ▼ 84.6% |
| Recurring financial charges65 | €10,535 | €2,006 | €15,894 | €10,896 | €1,678 | ▼ 84.6% |
| Profit (loss) for the period before taxes9903 | €463,467 | €169,997 | -€20,252 | €95,388 | €9,764 | ▼ 89.8% |
| Income taxes67/77 | €20,965 | €16,804 | €0 | €19,361 | €2,661 | ▼ 86.3% |
| Profit (loss) for the period9904 | €442,502 | €153,193 | -€20,252 | €76,026 | €7,103 | ▼ 90.7% |
| Profit (loss) for the period to be appropriated9905 | €442,502 | €153,193 | -€20,252 | €76,026 | €7,103 | ▼ 90.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | ▲ 0.9% |
| Fixed assets21/28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Current assets29/58 | €15,484 | €4,946 | €6,030 | €8,203 | €30,365 | ▲ 270% |
| Amounts receivable within one year40/41 | €8,712 | €2,290 | €2,617 | €6,390 | €21,976 | ▲ 244% |
| Trade receivables40 | - | - | €40 | €0 | €15,000 | - |
| Other amounts receivable41 | - | €2,290 | €2,577 | €6,390 | €6,976 | ▲ 9.2% |
| Cash at bank and in hand54/58 | €6,772 | €2,656 | €3,413 | €1,812 | €8,389 | ▲ 363% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | ▲ 0.9% |
| Equity10/15 | €1.8m | €2.0m | €2.0m | €2.0m | €2.0m | ▲ 0.3% |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Reserves13 | €1.8m | €1.9m | €1.9m | €2.0m | €2.0m | ▲ 0.4% |
| Non-distributable reserves130/1 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Legal reserve130 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Distributable reserves133 | - | €1.9m | €1.9m | €2.0m | €2.0m | ▲ 0.4% |
| Amounts payable17/49 | €679,276 | €515,544 | €536,880 | €463,027 | €478,086 | ▲ 3.3% |
| Amounts payable after more than one year17 | - | - | - | €449,593 | €474,668 | ▲ 5.6% |
| Financial debts170/4 | - | - | - | €449,593 | €474,668 | ▲ 5.6% |
| Amounts payable within one year42/48 | €672,453 | €515,544 | €532,160 | €13,433 | €3,418 | ▼ 74.6% |
| Financial debts43 | - | - | €594 | €4 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €594 | €4 | €0 | ▼ 100% |
| Trade debts44 | €3,838 | €1,000 | €1,094 | €13,429 | €757 | ▼ 94.4% |
| Suppliers440/4 | - | €1,000 | €1,094 | €13,429 | €757 | ▼ 94.4% |
| Taxes, remuneration and social security45 | - | €19,728 | €16,804 | €0 | €2,661 | - |
| Taxes450/3 | - | €19,728 | €16,804 | €0 | €2,661 | - |
| Other amounts payable47/48 | - | €494,816 | €513,669 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €4,721 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €442,502 | €153,193 | -€20,252 | €76,026 | €7,103 | ▼ 90.7% |
| Operating cash flow (approximation) | €442,502 | €153,193 | -€20,252 | €76,026 | €7,103 | ▼ 90.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,116 | €757 | -€1,601 | €6,577 | ▲ 511% |
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
2026
10-03
State Gazette act
Board meeting · Merger
Accounting effect · Parent company
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 15current ratio 8.88
Current ratio from 0.61 to 8.88; short-term debt falls from €13,433 to €3,418.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €76,026
Net result €76,026 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.0m ▲3.9%
Equity rises from €2.0m to €2.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€20,252
Net result drops to -€20,252, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €442,502 ▲215%
Net result €442,502, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
Show earlier events
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 26 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.6%
According to the 2024 annual accounts of CONNEXTION and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Printvision