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Cultuurconnect

Active
Non-profit associationfounded 2015active for 11 yearsMiriam Makebaplein 1, 9000 Gent, BelgiumKBO/BCE: BE 0629.858.909

From the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Cultuurconnect has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.3m and a net result of -€1.0m. Equity has been shrinking by about 3.6% per year since 2018. Its solvency ranks better than 82% of 3,387 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
CultuurconnectActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 07-05-2015 Normal situation
Legal form
Non-profit association
Registered office
Miriam Makebaplein 1, 9000 Gent
Activity
Other information technology and computer services NACE 62900and 1 other
Establishment unit
2.253.966.630 9000 Gent, since 01-07-2016
Financial year end
31 December
Peppol
Reachable since 28-11-2025
Company details

Board and ownership

Board
Auditor
SD Bedrijfsrevisoren
Board & ownership

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Turnover
€5.0m
▲ 9.1%
Operating revenue
€12.8m
▲ 22.2%
Deficit
€1.0m
▼ 40.9%
Equity
€5.3m
▼ 17.1%
Total assets
€6.5m
▼ 12.7%
Staff
51 FTE
▲ 4.3%
2025 accounts filed 119 days before the deadline
Filed on 03-04-2026PDF
Financials
Score breakdownraises riskLoss of €1.0m, the second in a row (financial year 2025)lowers riskLegal form: non-profit associationLiquidity: current ratio 6.66, cash €5.1mSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 59% of medium-sized companies in computer programming and consultancy (NACE 62)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 100=
equity 81.7% of total assets
Liquidity 97=
short-term debt 15.0% · cash 78.7%
Profitability 0=
return on assets -16.2%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (206 companies, NACE 62, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025highest value 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.66 (7.03 in 2024), above the usual 1.5. Short-term debt is 15% and cash 78.7% of total assets. 18.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, medium-sized). It does better than 95% of them on solvency, 99% on liquidity, 2% on profitability and 42% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Loss of €1.0m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 6.66, cash €5.1m
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.0m
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 03-04-2026, 119 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
119 days early
2024
121 days early
2023
112 days early
2022
82 days early
2021
79 days early
2020
58 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 86 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 95% of companies in computer programming and consultancysector median €23,243 · 3,387 companies -€1.0m View
  • Positive: 5 years of growth in a rowturnover 2025: €5.0m 5 years View
  • Flemish supportawarded from 2022 to 2025 €27.4m View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
  • Positive: Result rose in 2025from -€1.8m to -€1.0m ▲ 40.9% View
  • A director leftlatest change 31-03-2026 · 5 in office 1 left View

Documents

Annual accounts at the NBB

All 10 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Cultuurconnect

What is the company number of Cultuurconnect?
The company number of Cultuurconnect is 0629.858.909. The VAT number is the same number with BE in front: BE 0629.858.909.
Where is Cultuurconnect based?
The registered office is at Miriam Makebaplein 1, 9000 Gent.Company details
What does Cultuurconnect do?
According to the KBO register, the main activity is other information technology and computer services (NACE 62900).
What is the legal form of Cultuurconnect?
The legal form of Cultuurconnect is Non-profit association (VZW).
When was Cultuurconnect founded?
Cultuurconnect was founded on 07-05-2015.
Is Cultuurconnect still active?
Yes, Cultuurconnect is an active enterprise in the KBO register.
How many employees does Cultuurconnect have?
Cultuurconnect had an average of 51 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Cultuurconnect?
The turnover of Cultuurconnect was €5.0m in financial year 2025, according to the filed annual accounts.
Is Cultuurconnect profitable?
In financial year 2025, Cultuurconnect made a loss of €1.0m.
Where can I find the annual accounts of Cultuurconnect?
Cultuurconnect filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of Cultuurconnect due?
Cultuurconnect must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as Cultuurconnect: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €4.1m and €13m, founded between 2009 and 2016.

CompanyTotal assetsTurnover
Cultuurconnect Gent€6.5m€5.0m
SKYFORCE Cyber Security Brussel€7.4m€5.7m
Plat4mation Mechelen€6.6m€11.0m
Suivo Edegem€6.1m€8.2m
Hubspot Belgium Gent€13.1m€12.1m
APICBASE Antwerpen€4.1m€3.8m
RENTA SOLUTIONS Zaventem€12.5m€12.5m
Full comparison

Next steps

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