Interconnection
ActiveSummary
Interconnection has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €186k and a net result of €8k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 61% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+2
Solvency81▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.5 in 2023; short-term debt: 43.9% and cash: 0.9% of total assets), and 43.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
23 d late
2022
58 d late
2021
30 d late
2020
90 d late
2019
110 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€186k▲ 4.3%
2023 · €178k
2018: €156klowest in 7 years
2019: €176k▲ +13.1% vs 2018
2020: €179k▲ +1.8% vs 2019
2021: €180k▲ +0.6% vs 2020
2022: €176k▼ -2.0% vs 2021
2023: €178k▲ +1.0% vs 2022
2024: €186k▲ +4.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€331k▲ 12.2%
2023 · €295k
2018: €539k
2019: €552k▲ +2.3% vs 2018highest in 7 years
2020: €446k▼ -19.1% vs 2019
2021: €295k▼ -33.8% vs 2020
2022: €295k▼ -0.3% vs 2021lowest in 7 years
2023: €295k▲ +0.2% vs 2022
2024: €331k▲ +12.2% vs 2023
2018 → 2024
Net result
€8k▲ 325%
2023 · €2k
2018: €20k
2019: €20k▲ +2.7% vs 2018highest in 7 years
2020: €3k▼ -84.6% vs 2019
2021: €1k▼ -67.3% vs 2020
2022: €-4k▼ -454% vs 2021lowest in 7 years
2023: €2k▲ +150% vs 2022
2024: €8k▲ +325% vs 2023
2018 → 2024
Working capital
€182k▲ 3.3%
2023 · €176k
2018: €146klowest in 7 years
2019: €325k▲ +123% vs 2018highest in 7 years
2020: €273k▼ -16.0% vs 2019
2021: €172k▼ -36.8% vs 2020
2022: €169k▼ -2.0% vs 2021
2023: €176k▲ +4.1% vs 2022
2024: €182k▲ +3.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€179k-€180k▲ 0.6%€176k▼ 2.0%€178k▲ 1.0%€186k▲ 4.3%
2020: €179k
2021: €180k▲ +0.6% vs 2020
2022: €176k▼ -2.0% vs 2021lowest in 5 years
2023: €178k▲ +1.0% vs 2022
2024: €186k▲ +4.3% vs 2023highest in 5 years
Operating result€7k-€4k▼ 38.7%€261▼ 94.0%€7k▲ 2,516%€13k▲ 93.8%
2020: €7k
2021: €4k▼ -38.7% vs 2020
2022: €261▼ -94.0% vs 2021lowest in 5 years
2023: €7k▲ +2516% vs 2022
2024: €13k▲ +93.8% vs 2023highest in 5 years
Net result€3k-€1k▼ 67.3%€-4k€2k€8k▲ 325%
2020: €3k
2021: €1k▼ -67.3% vs 2020
2022: €-4k▼ -454% vs 2021lowest in 5 years
2023: €2k▲ +150% vs 2022
2024: €8k▲ +325% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 94% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €331k
Fixed assets
€4k ▲ 80.5%
Current assets
€327k ▲ 11.7%
Equity and liabilities €331k
Equity
€186k ▲ 4.3%
Debt
€145k ▲ 24.3%
Debt's share of the balance-sheet total rises from 39.6% to 43.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▲
2023 · €9k
Cash flow
€9k▲
2023 · €4k
Current ratio
2.25▼
2023 · 2.50
Debt to equity
0.78▲
2023 · 0.66
ROE
4.2%▲
2023 · 1.0%
ROA
2.3%▲
2023 · 0.6%
Interest coverage
22.02▲
2023 · 11.72
Debt ≤ 1 year
€145k▲
2023 · €117k
Income taxes
€5k▲
2023 · €4k
Staff costs
€874▲
2023 · €741
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€295k€331k▲
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Furniture and vehicles24€2k€4k▲
Financial fixed assets28€15€15=
Current assets29/58€293k€327k▲
Amounts receivable within one year40/41€287k€324k▲
Trade receivables40€275k€308k▲
Other amounts receivable41€12k€16k▲
Current investments50/53€148€148=
Cash at bank and in hand54/58€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€295k€331k▲
Equity10/15€178k€186k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€156k€164k▲
Amounts payable17/49€117k€145k▲
Amounts payable within one year42/48€117k€145k▲
Trade debts44€74k€74k▲
Suppliers440/4€74k€74k▲
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€5k€9k▲
Other amounts payable47/48€39k€62k▲
Income statement
Code20232024
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€741€874▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€14k€18k▲
Operating profit (loss)9901€7k€13k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€802€653▼
Recurring financial charges65€802€653▼
Profit (loss) for the period before taxes9903€6k€13k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€2k€8k▲
Profit (loss) for the period to be appropriated9905€2k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€156k€164k▲
Profit (loss) brought forward from the previous period14P€154k€156k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3k | - | - |
| Remuneration, social security and pensions62 | - | €6k | €2k | €741 | €874 | ▲ 17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €5k | €3k | €1k | ▼ 54.6% |
| Other operating charges640/8 | - | €5k | €6k | €4k | €3k | ▼ 34.1% |
| Gross operating margin9900 | €28k | €19k | €13k | €14k | €18k | ▲ 27.0% |
| Operating profit (loss)9901 | €7k | €4k | €261 | €7k | €13k | ▲ 93.8% |
| Financial income75/76B | - | - | €1 | €0 | - | - |
| Recurring financial income75 | €0 | - | €1 | €0 | - | - |
| Financial charges65/66B | - | €779 | €735 | €802 | €653 | ▼ 18.5% |
| Recurring financial charges65 | €382 | €779 | €735 | €802 | €653 | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €7k | €4k | €-474 | €6k | €13k | ▲ 109% |
| Income taxes67/77 | €4k | €3k | €3k | €4k | €5k | ▲ 15.1% |
| Profit (loss) for the period9904 | €3k | €1k | €-4k | €2k | €8k | ▲ 325% |
| Profit (loss) for the period to be appropriated9905 | €3k | €1k | €-4k | €2k | €8k | ▲ 325% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €446k | €295k | €295k | €295k | €331k | ▲ 12.2% |
| Fixed assets21/28 | €4k | €8k | €8k | €2k | €4k | ▲ 80.5% |
| Tangible fixed assets22/27 | €4k | €8k | €8k | €2k | €4k | ▲ 81.0% |
| Plant, machinery and equipment23 | - | €3k | €750 | - | - | - |
| Furniture and vehicles24 | - | €5k | €7k | €2k | €4k | ▲ 81.0% |
| Financial fixed assets28 | €15 | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €442k | €288k | €287k | €293k | €327k | ▲ 11.7% |
| Amounts receivable within one year40/41 | €236k | €133k | €276k | €287k | €324k | ▲ 13.1% |
| Trade receivables40 | - | €9k | €141k | €275k | €308k | ▲ 12.0% |
| Other amounts receivable41 | - | €124k | €134k | €12k | €16k | ▲ 36.8% |
| Current investments50/53 | €148 | €148 | €148 | €148 | €148 | = |
| Cash at bank and in hand54/58 | €206k | €155k | €11k | €6k | €3k | ▼ 50.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €446k | €295k | €295k | €295k | €331k | ▲ 12.2% |
| Equity10/15 | €179k | €180k | €176k | €178k | €186k | ▲ 4.3% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €157k | €158k | €154k | €156k | €164k | ▲ 4.9% |
| Amounts payable17/49 | €267k | €115k | €118k | €117k | €145k | ▲ 24.3% |
| Amounts payable within one year42/48 | €169k | €115k | €118k | €117k | €145k | ▲ 24.3% |
| Trade debts44 | €152k | €109k | €112k | €74k | €74k | ▲ 0.6% |
| Suppliers440/4 | - | €109k | €112k | €74k | €74k | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | €6k | €6k | €5k | €9k | ▲ 107% |
| Taxes450/3 | - | €6k | €6k | €5k | €9k | ▲ 107% |
| Other amounts payable47/48 | - | - | - | €39k | €62k | ▲ 60.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €1k | €-4k | €2k | €8k | ▲ 325% |
| + Depreciation and write-downs630 | €4k | €4k | €5k | €3k | €1k | ▼ 54.6% |
| Operating cash flow (approximation) | €7k | €5k | €2k | €4k | €9k | ▲ 102% |
| Investment in fixed assets (approximation) | - | €-8k | €-5k | €3k | €-3k | ▼ 218% |
| Change in cash | - | €-51k | €-143k | €-5k | €-3k | ▲ 35.6% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 110 days late
2019
31-12
Financial
Highest result since 2018net €20k ▲2.7%
Operating result €35k, net result €20k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Waasmunster · 1 establishment unit since 2008
Ground area
500 m²
Building footprint
128 m²
Volume, LiDAR
768 m³
Parcel 42023A0687/00D002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INTERCONNECTION
since 20082.171.654.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A0687/00D002 | Flanders | 500 m² | 1 · 128 m² | 7.7 m · 2 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.
Similar companies · same sector, comparable size
IMMOWALD
BE 0874.188.942
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CREATERRE
BE 0748.511.683
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Terrassements Mécaniques Courcelles
BE 0401.683.136
Courcelles · Eq €185,016
OPSOMMER JAN
BE 0807.933.487
Lennik · Eq €184,984
PIETER POULS PROJECTS
BE 0672.589.981
Herk-de-Stad · Eq €187,139
Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,625 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
Founded05-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42211Civil engineering
42220Construction of utility projects for electricity and telecommunications
Scores and ratios are computed by Checked and are not a credit decision.