Conshen
ActiveSummary
The computed 12-month bankruptcy probability of Conshen is 2.1% (moderate). The 2025 annual accounts show equity of €21k and a net result of €-12k. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 8048 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-84
Solvency39▼-18
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.39 against 2.89 in 2024; short-term debt: 65.4% and cash: 57.6% of total assets), and 86.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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 2025Solvency, return and age of the figures
Solvency
13.6%
Return on assets
-7.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
57 d early
2024
44 d early
2023
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€21k▼ 35.5%
2024 · €33k
Total assets
€156k▲ 50.3%
2024 · €104k
Net result
€-12k
2024 · €23k
Working capital
€40k▼ 41.7%
2024 · €68k
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
Line202320242025
Operating result€9k-€36k▲ 307%€-11k
Net result€8k-€23k▲ 190%€-12k
Equity€10k-€33k▲ 232%€21k▼ 35.5%
Total assets€50k-€104k▲ 107%€156k▲ 50.3%
Debt€40k-€71k▲ 76.5%€135k▲ 90.1%
Working capital€45k-€68k▲ 51.1%€40k▼ 41.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €36k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€14k
Current assets
€142k
Equity and liabilities €156k
Equity
€21k ▼ 35.5%
Debt
€135k ▲ 90.1%
Debt's share of the balance-sheet total rises from 68.3% to 86.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-10k
Cash flow
€-11k
Current ratio
1.39▼
2024 · 2.89
Quick ratio
1.20▼
2024 · 2.89
Debt to equity
6.36▲
2024 · 2.16
ROE
-54.9%▼
2024 · 69.9%
ROA
-7.5%▼
2024 · 22.1%
Interest coverage
-12.02
Debt ≤ 1 year
€102k▲
2024 · €36k
Debt > 1 year
€33k▼
2024 · €35k
Income taxes
€38▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €890 | - |
| Other operating charges640/8 | €751 | €811 | €393 | ▼ 51.6% |
| Gross operating margin9900 | €10k | €37k | €-10k | ▼ 126% |
| Operating profit (loss)9901 | €9k | €36k | €-11k | ▼ 130% |
| Financial income75/76B | €1 | €33 | €106 | ▲ 220% |
| Recurring financial income75 | €1 | €33 | €106 | ▲ 220% |
| Financial charges65/66B | €-974 | €8k | €832 | ▼ 89.1% |
| Recurring financial charges65 | €-974 | €8k | €832 | ▼ 89.1% |
| Profit (loss) for the period before taxes9903 | €10k | €29k | €-12k | ▼ 140% |
| Income taxes67/77 | €2k | €6k | €38 | ▼ 99.3% |
| Profit (loss) for the period9904 | €8k | €23k | €-12k | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | €8k | €23k | €-12k | ▼ 151% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €50k | €104k | €156k | ▲ 50.3% |
| Fixed assets21/28 | - | - | €14k | - |
| Tangible fixed assets22/27 | - | - | €14k | - |
| Furniture and vehicles24 | - | - | €14k | - |
| Current assets29/58 | €50k | €104k | €142k | ▲ 36.4% |
| Stocks and contracts in progress3 | - | - | €19k | - |
| Stocks30/36 | - | - | €19k | - |
| Amounts receivable within one year40/41 | €135 | €293 | €31k | ▲ 10,616% |
| Trade receivables40 | - | - | €28k | - |
| Other amounts receivable41 | €135 | €293 | €3k | ▲ 909% |
| Cash at bank and in hand54/58 | €49k | €102k | €90k | ▼ 11.9% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €50k | €104k | €156k | ▲ 50.3% |
| Equity10/15 | €10k | €33k | €21k | ▼ 35.5% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €8k | €31k | €31k | = |
| Distributable reserves133 | €8k | €31k | €31k | = |
| Profit (loss) carried forward14 | - | - | €-12k | - |
| Amounts payable17/49 | €40k | €71k | €135k | ▲ 90.1% |
| Amounts payable after more than one year17 | €35k | €35k | €33k | ▼ 6.3% |
| Financial debts170/4 | €35k | €35k | €33k | ▼ 6.3% |
| Amounts payable within one year42/48 | €5k | €36k | €102k | ▲ 184% |
| Current portion of amounts payable after more than one year42 | - | - | €10k | - |
| Trade debts44 | €662 | €12k | €53k | ▲ 336% |
| Suppliers440/4 | €662 | €12k | €53k | ▲ 336% |
| Taxes, remuneration and social security45 | €2k | €8k | €7k | ▼ 6.9% |
| Taxes450/3 | €2k | €8k | €7k | ▼ 6.9% |
| Other amounts payable47/48 | €3k | €16k | €33k | ▲ 102% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €23k | €-12k | ▼ 151% |
| + Depreciation and write-downs630 | - | - | €890 | - |
| Operating cash flow (approximation) | €8k | €23k | €-11k | ▼ 147% |
| Change in cash | - | €54k | €-12k | ▼ 123% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2023net €23k ▲190%
Operating result €36k, net result €23k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Turnhout · 1 establishment unit since 2023
Ground area
452 m²
Building footprint
120 m²
Volume, LiDAR
410 m³
Parcel 13453O0874/00D000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Conshen
since 20232.345.412.290
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0874/00D000 | Flanders | 452 m² | 1 · 120 m² | 7.1 m · 1 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.
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Of 1,244 companies in sector 46643 we hold annual accounts for 953. 309 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
Founded24-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
46474Wholesale trade
46649Wholesale of other machinery and equipment
46842Wholesale trade
46900Non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.