Global Connexions
ActiveSummary
The computed 12-month bankruptcy probability of Global Connexions is 2.6% (moderate). The 2025 annual accounts show equity of €206k and a net result of €73k. Equity is growing by ~52% per year across the filed fiscal years. Its solvency ranks better than 23% of 721 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-12
Solvency38▼-9
Growth78=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.02 in 2024; short-term debt: 65.1% and cash: 0.1% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
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 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 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.9%
Return on assets
4.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 721 sector peers (2025).
NBB · sector comparisonPosition among 721 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-05-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
12 d late
2024
on the day
2023
1 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€206k▲ 55.1%
2024 · €133k
2023: €68k
2024: €133k
2023 → 2025
Total assets
€1.59M▲ 160%
2024 · €611k
2023: €623k
2024: €611k
2023 → 2025
Net result
€73k▲ 13.1%
2024 · €65k
2023: €63k
2024: €65k
2023 → 2025
Working capital
€51k▲ 588%
2024 · €7k
2023: €-63k
2024: €7k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€68k-€133k▲ 95.2%€206k▲ 55.1%
Operating result€81k-€122k▲ 50.3%€154k▲ 25.9%
Net result€63k-€65k▲ 2.7%€73k▲ 13.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.59M
Fixed assets
€504k ▲ 111%
Current assets
€1.09M ▲ 191%
Equity and liabilities €1.59M
Equity
€206k ▲ 55.1%
Debt
€1.38M ▲ 189%
Debt's share of the balance-sheet total rises from 78.3% to 87.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€254k▲
2024 · €178k
Cash flow
€173k▲
2024 · €120k
Current ratio
1.05▲
2024 · 1.02
Debt to equity
6.73▲
2024 · 3.61
ROE
35.5%▼
2024 · 48.8%
ROA
4.6%▼
2024 · 10.6%
Interest coverage
3.24▼
2024 · 3.89
Debt ≤ 1 year
€1.03M▲
2024 · €365k
Debt > 1 year
€350k▲
2024 · €113k
Income taxes
€3k▼
2024 · €13k
Staff costs
€606k▲
2024 · €345k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€611k€1.59M▲
Fixed assets21/28€238k€504k▲
Tangible fixed assets22/27€179k€428k▲
Plant, machinery and equipment23-€88k
Furniture and vehicles24€179k€341k▲
Financial fixed assets28€60k€76k▲
Current assets29/58€373k€1.09M▲
Amounts receivable within one year40/41€216k€923k▲
Trade receivables40€216k€923k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€155k€2k▼
Deferred charges and accrued income490/1€1k€161k▲
Equity and liabilities
Total equity and liabilities10/49€611k€1.59M▲
Equity10/15€133k€206k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€128k€201k▲
Amounts payable17/49€479k€1.38M▲
Amounts payable after more than one year17€113k€350k▲
Financial debts170/4€113k€350k▲
Amounts payable within one year42/48€365k€1.03M▲
Current portion of amounts payable after more than one year42€61k€181k▲
Trade debts44€134k€506k▲
Suppliers440/4€134k€506k▲
Bills of exchange payable441€556€0▼
Taxes, remuneration and social security45€68k€229k▲
Taxes450/3€8k€38k▲
Remuneration and social security454/9€61k€191k▲
Other amounts payable47/48€102k€119k▲
Income statement
Code20242025
Non-recurring operating income76A€0€7k▲
Remuneration, social security and pensions62€345k€606k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€100k▲
Other operating charges640/8€5k€13k▲
Non-recurring operating charges66A€20k€32k▲
Gross operating margin9900€547k€905k▲
Operating profit (loss)9901€122k€154k▲
Financial income75/76B€755€558▼
Recurring financial income75€755€558▼
Financial charges65/66B€46k€78k▲
Recurring financial charges65€46k€78k▲
Profit (loss) for the period before taxes9903€77k€76k▼
Income taxes67/77€13k€3k▼
Profit (loss) for the period9904€65k€73k▲
Profit (loss) for the period to be appropriated9905€65k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€201k▲
Profit (loss) brought forward from the previous period14P€63k€128k▲
Social balance
Average headcount (FTE)9087344,503.3606,378.6▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
30-09
Financial
Highest result since 2023net €73k ▲13.1%
Operating result €154k, net result €73k, both a record.
30-09
Financial
Equity above €200kEq €206k ▲55.1%
3 profitable years in a row build equity to €206k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €100kEq €133k ▲95.2%
2 profitable years in a row build equity to €133k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Roeselare · 2 establishment units since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsdreef 1488800 RoeselareGround area
3,492 m²
Building footprint
411 m²
Volume, LiDAR
9,544 m³
2 parcels, Flanders · tallest building 27.2 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Global Connexions
since 20222.330.863.577
Global Connexions
since 20262.386.302.839
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0346/00X044 | Flanders | 3,244 m² | 1 · 410 m² | 27.2 m · 8 fl. |
| 36017C1552/00A002 | Flanders | 248 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
LA CAVE DE BATISSE
BE 0437.029.639
Beauraing · Eq €205,578
euro mex plus smets
BE 0873.603.279
Steenokkerzeel · Eq €205,410
T.I.R. SERVICES - OLEN
BE 0462.989.611
Hoogstraten · Eq €205,211
Cobelair
BE 0817.544.011
Machelen (Brab.) · Eq €205,204
DUNAMIS FORWARDING & CONSULTING
BE 0633.504.030
Antwerpen · Eq €206,286
Of 3,190 companies in sector 52250 we hold annual accounts for 1,955. 1,458 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2022
Fiscal year end30-09
Activities, NACEBEL 2025
52250Logistics services
53200Other postal and courier activities
49410Freight transport by road
53100Postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.