CONNUS
InactiveCONNUS was declared bankrupt on 11-06-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 20-01-2026, published in the Belgian State Gazette on 23-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-07-2023, 5 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
5 d early
2021
68 d early
2020
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 19 days before 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 2022, micro schema
Turnover
€0▼ 100%
2021 · €26,300
EBIT margin
13.5%
Net result
-€36,138
2021 · €2,263
Working capital
€35,928▲ 49.4%
2021 · €24,053
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
Line202020212022
Turnover€26,300€0▼ 100%
Operating result-€19,636-€3,547-€34,684
Net result-€20,134-€2,263-€36,138
EBIT margin13.5%
Equity-€134-€2,129-€34,009
Total assets€38,688-€74,566▲ 92.7%€146,371▲ 96.3%
Debt€38,822-€72,437▲ 86.6%€180,380▲ 149%
Working capital-€17,391-€24,053€35,928▲ 49.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €34,684 after €3,547 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €146,371
Fixed assets
€60,094 ▲ 77.5%
Current assets
€86,277 ▲ 112%
Key figures and ratios
EBITDA
-€14,260▼
2021 · €19,148
Cash flow
-€15,714▼
2021 · €17,864
Solvency
-23.2%▼
2021 · 2.9%
Current ratio
1.71▼
2021 · 2.44
Debt to equity
-5.30▼
2021 · 34.02
ROA
-24.7%▼
2021 · 3.0%
Interest coverage
-9.81▼
2021 · 14.91
Debt ≤ 1 year
€50,349▲
2021 · €16,656
Debt > 1 year
€130,031▲
2021 · €55,781
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | - | €26,300 | €0 | ▼ 100% |
| Non-recurring operating income76A | - | €7,000 | €15,875 | ▲ 127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €15,601 | €20,424 | ▲ 30.9% |
| Other operating charges640/8 | - | €329 | €665 | ▲ 102% |
| Gross operating margin9900 | -€19,636 | €19,477 | -€13,595 | ▼ 170% |
| Operating profit (loss)9901 | -€19,636 | €3,547 | -€34,684 | ▼ 1,078% |
| Financial charges65/66B | - | €1,284 | €1,454 | ▲ 13.2% |
| Recurring financial charges65 | €498 | €1,284 | €1,454 | ▲ 13.2% |
| Profit (loss) for the period before taxes9903 | -€20,134 | €2,263 | -€36,138 | ▼ 1,697% |
| Profit (loss) for the period9904 | -€20,134 | €2,263 | -€36,138 | ▼ 1,697% |
| Profit (loss) for the period to be appropriated9905 | -€20,134 | €2,263 | -€36,138 | ▼ 1,697% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €38,688 | €74,566 | €146,371 | ▲ 96.3% |
| Fixed assets21/28 | €32,550 | €33,857 | €60,094 | ▲ 77.5% |
| Intangible fixed assets21 | €32,550 | €33,312 | €57,870 | ▲ 73.7% |
| Tangible fixed assets22/27 | - | €545 | €2,224 | ▲ 308% |
| Furniture and vehicles24 | - | €545 | €2,224 | ▲ 308% |
| Current assets29/58 | €6,138 | €40,709 | €86,277 | ▲ 112% |
| Amounts receivable within one year40/41 | €5,782 | €14,198 | €25,354 | ▲ 78.6% |
| Trade receivables40 | - | €13,907 | €17,557 | ▲ 26.2% |
| Other amounts receivable41 | - | €291 | €7,797 | ▲ 2,579% |
| Cash at bank and in hand54/58 | €357 | €23,511 | €60,923 | ▲ 159% |
| Deferred charges and accrued income490/1 | - | €3,000 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €38,688 | €74,566 | €146,371 | ▲ 96.3% |
| Equity10/15 | -€134 | €2,129 | -€34,009 | ▼ 1,697% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | €20,000 | - |
| Issued capital100 | - | - | €20,000 | - |
| Profit (loss) carried forward14 | -€20,134 | -€17,871 | -€54,009 | ▼ 202% |
| Amounts payable17/49 | €38,822 | €72,437 | €180,380 | ▲ 149% |
| Amounts payable after more than one year17 | €15,293 | €55,781 | €130,031 | ▲ 133% |
| Financial debts170/4 | - | €55,781 | €130,031 | ▲ 133% |
| Amounts payable within one year42/48 | €23,529 | €16,656 | €50,349 | ▲ 202% |
| Current portion of amounts payable after more than one year42 | - | €4,512 | €8,882 | ▲ 96.9% |
| Trade debts44 | €6,153 | €5,221 | €41,467 | ▲ 694% |
| Suppliers440/4 | - | €5,221 | €41,467 | ▲ 694% |
| Other amounts payable47/48 | - | €6,923 | - | - |
| Accrued charges and deferred income492/3 | - | - | €0 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,134 | €2,263 | -€36,138 | ▼ 1,697% |
| + Depreciation and write-downs630 | - | €15,601 | €20,424 | ▲ 30.9% |
| Operating cash flow (approximation) | -€20,134 | €17,864 | -€15,714 | ▼ 188% |
| Investment in fixed assets (approximation) | - | -€16,908 | -€46,661 | ▼ 176% |
| Change in cash | - | €23,154 | €37,412 | ▲ 61.6% |
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
2026
23-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 20-01-2026
2024
17-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 11-06-2024
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€36,138
Net result drops to -€36,138, the lowest in the series.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,263
Net result €2,263 after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 2.44
Current ratio from 0.26 to 2.44; short-term debt falls from €23,529 to €16,656.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KOEN VANDER STUYFT EINESTRAAT 22, 9700 OUDEN-
AARDE |
11-06-2024 → 20-01-2026 |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 12,125 EUR awarded · 12,125 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | -37,125 EUR | 0 EUR |
| 2022 | 1 | 49,250 EUR | 12,125 EUR |