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Contronect

Active
Public limited companyfounded 20233 yrs activeKarel De Roosestraat 15, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0803.985.092
Summary

The computed 12-month bankruptcy probability of Contronect is 2.2% (moderate). The 2024 annual accounts show equity of €2.9m and a net result of €3.1m. Its solvency ranks better than 31% of 228 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability93
Solvency49
Growth-
Track record79
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 3.37; short-term debt: 29.6% and cash: 32.9% of total assets), but 76% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
24%
Return on assets
25.2%
Age of the figures
21 mo
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 24-06-2025, 37 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
37 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 37 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 July 2023, Contronect was incorporated as a Public limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, full schema

Turnover
€27.5m
EBIT margin
14.6%
Net result
€3.1m
Working capital
€8.5m
Balance-sheet composition
Assets €12.1m
Fixed assets €36,316
Current assets €12.1m
Equity and liabilities €12.1m
Equity €2.9m
Provisions €1.4m
Debt €7.8m
Debt finances 64.3% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€4.1m
Cash flow
€3.1m
Current ratio
3.37
Quick ratio
2.44
Debt to equity
2.68
ROE
105.2%
ROA
25.2%
Interest coverage
9960.03
Debt ≤ 1 year
€3.6m
Income taxes
€1.1m
Staff costs
€4.3m

Peer companies

Historical observation

Of the 675 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
  • without age
0.3% went bankrupt
2.4% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 675 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
Filed annual accounts As filed with the NBB · 2024 · 67 lines
Balance sheet Code2024
Assets
Total assets20/58€12.1m
Fixed assets21/28€36,316
Intangible fixed assets21€256
Tangible fixed assets22/27€36,060
Plant, machinery and equipment23€21,732
Furniture and vehicles24€14,328
Current assets29/58€12.1m
Stocks and contracts in progress3€3.3m
Stocks30/36€3.3m
Raw materials and consumables30/31€3.3m
Amounts receivable within one year40/41€4.7m
Trade receivables40€4.7m
Other amounts receivable41€23,261
Cash at bank and in hand54/58€4.0m
Equity and liabilities
Total equity and liabilities10/49€12.1m
Equity10/15€2.9m
Contributions10/11€100,000
Capital10€100,000
Issued capital100€100,000
Reserves13€10,000
Non-distributable reserves130/1€10,000
Legal reserve130€10,000
Profit (loss) carried forward14€2.8m
Provisions and deferred taxes16€1.4m
Provisions for liabilities and charges160/5€1.4m
Pensions and similar obligations160€1.3m
Other liabilities and charges164/5€133,320
Amounts payable17/49€7.8m
Amounts payable within one year42/48€3.6m
Trade debts44€1.8m
Suppliers440/4€1.8m
Taxes, remuneration and social security45€1.5m
Taxes450/3€386,798
Remuneration and social security454/9€1.1m
Other amounts payable47/48€250,000
Accrued charges and deferred income492/3€4.2m
Income statement Code2024
Operating income70/76A€32.3m
Turnover70€27.5m
Other operating income74€4.8m
Operating charges60/66A€28.3m
Goods for resale, raw materials and consumables60€18.3m
Purchases600/8€17.5m
Change in stocks: decrease (increase)609€821,898
Services and other goods61€4.2m
Remuneration, social security and pensions62€4.3m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,658
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.4m
Other operating charges640/8€7,679
Operating profit (loss)9901€4.0m
Financial income75/76B€101,502
Recurring financial income75€101,502
Income from current assets751€101,264
Other financial income752/9€238
Financial charges65/66B€407
Recurring financial charges65€407
Other financial charges652/9€407
Profit (loss) for the period before taxes9903€4.1m
Income taxes67/77€1.1m
Taxes670/3€1.1m
Profit (loss) for the period9904€3.1m
Profit (loss) for the period to be appropriated9905€3.1m
Appropriation of the result
Profit (loss) to be appropriated9906€3.1m
Transfer to equity691/2€10,000
To the legal reserve6920€10,000
Profit to be distributed694/7€250,000
Return on contributions (dividend)694€250,000
Social balance
Average headcount (FTE)908755.0

The notes to these accounts (41 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Operating income70/76A€32.3m
Turnover70€27.5m
Other operating income74€4.8m
Operating charges60/66A€28.3m
Goods for resale, raw materials and consumables60€18.3m
Purchases600/8€17.5m
Change in stocks: decrease (increase)609€821,898
Services and other goods61€4.2m
Remuneration, social security and pensions62€4.3m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,658
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.4m
Other operating charges640/8€7,679
Operating profit (loss)9901€4.0m
Financial income75/76B€101,502
Recurring financial income75€101,502
Income from current assets751€101,264
Other financial income752/9€238
Financial charges65/66B€407
Recurring financial charges65€407
Other financial charges652/9€407
Profit (loss) for the period before taxes9903€4.1m
Income taxes67/77€1.1m
Taxes670/3€1.1m
Profit (loss) for the period9904€3.1m
Profit (loss) for the period to be appropriated9905€3.1m
Line2024
Assets
Total assets20/58€12.1m
Fixed assets21/28€36,316
Intangible fixed assets21€256
Tangible fixed assets22/27€36,060
Plant, machinery and equipment23€21,732
Furniture and vehicles24€14,328
Current assets29/58€12.1m
Stocks and contracts in progress3€3.3m
Stocks30/36€3.3m
Raw materials and consumables30/31€3.3m
Amounts receivable within one year40/41€4.7m
Trade receivables40€4.7m
Other amounts receivable41€23,261
Cash at bank and in hand54/58€4.0m
Equity and liabilities
Total equity and liabilities10/49€12.1m
Equity10/15€2.9m
Contributions10/11€100,000
Capital10€100,000
Issued capital100€100,000
Reserves13€10,000
Non-distributable reserves130/1€10,000
Legal reserve130€10,000
Profit (loss) carried forward14€2.8m
Provisions and deferred taxes16€1.4m
Provisions for liabilities and charges160/5€1.4m
Pensions and similar obligations160€1.3m
Other liabilities and charges164/5€133,320
Amounts payable17/49€7.8m
Amounts payable within one year42/48€3.6m
Trade debts44€1.8m
Suppliers440/4€1.8m
Taxes, remuneration and social security45€1.5m
Taxes450/3€386,798
Remuneration and social security454/9€1.1m
Other amounts payable47/48€250,000
Accrued charges and deferred income492/3€4.2m
Line2024
Profit (loss) for the period9904€3.1m
+ Depreciation and write-downs630€38,658
Operating cash flow (approximation)€3.1m

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Merelbeke-Melle · 2 establishment units since 2023
seat establishment All 2 establishment units on the map
Ground area
4.2 ha
Building footprint
1.0 ha
Volume, LiDAR
91,956 m³
2 parcels, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
2 establishment units
Contronect
Karel De Roosestraat 15, 9820 Merelbeke-MelleGeneral electrical installation work
since 20232.348.691.286
Contronect
G. Demeurslaan 130, 1654 BeerselRepair, maintenance and installation of machinery and equipment
since 20232.348.691.385
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23035A0102/00T000 Flanders 2.3 ha 1 · 5,561 m² 14.8 m · 4 fl.
44043A0558/00S000 Flanders 1.9 ha 1 · 4,446 m² 9.6 m · 3 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.

Structure & network

Part of the group ELECTRICITE DE FRANCE 66 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. EDF BELGIUM 68.63%
  2. Luminus 80.42%
  3. Advices for Technical Systems 90%
  4. Contronect

Highest known parent: EDF BELGIUM. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 1,226 companies in sector 33200 we hold annual accounts for 679. 227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded14-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
27120Manufacture of electrical equipment
33200Installation of industrial machinery and equipment
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail info@contronect.com
E-mail kristof.vermeire@contronect.com
Phone +32 2 237 11 99
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803985092
Also 9925:BE0803985092

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.