K-CONNEXION
ActiveSummary
K-CONNEXION has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €246k and a net result of €-77k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-33
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 6.79 against 4.65 in 2023; short-term debt: 13.5% and cash: 21.4% of total assets), and 13.5% 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
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
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 2024Solvency, return and age of the figures
Solvency
86.5%
Return on assets
-27%
Age of the figures
21 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
2024
61 d late
2023
30 d late
2022
26 d late
2021
30 d late
2020
4 d late
2019
6 d early
2018
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-77k
2023 · €1k
2018: €126k
2019: €88k
2020: €39k
2021: €55k
2022: €68k
2023: €1k
2018 → 2024
Working capital
€223k▼ 24.2%
2023 · €293k
2018: €376k
2019: €363k
2020: €333k
2021: €389k
2022: €335k
2023: €293k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€345k-€400k▲ 16.0%€346k▼ 13.5%€323k▼ 6.7%€246k▼ 23.8%
Operating result€76k-€79k▲ 4.5%€93k▲ 17.6%€3k▼ 96.4%€-70k
Net result€39k-€55k▲ 41.1%€68k▲ 23.4%€1k▼ 98.3%€-77k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €70k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €284k
Fixed assets
€23k ▼ 19.7%
Current assets
€261k ▼ 30.2%
Equity and liabilities €284k
Equity
€246k ▼ 23.8%
Debt
€38k ▼ 52.2%
Debt's share of the balance-sheet total falls from 19.9% to 13.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-65k▼
2023 · €4k
Cash flow
€-71k▼
2023 · €2k
Current ratio
6.79▲
2023 · 4.65
Quick ratio
6.06▲
2023 · 3.36
Debt to equity
0.16▼
2023 · 0.25
ROE
-31.2%▼
2023 · 0.4%
ROA
-27.0%▼
2023 · 0.3%
Interest coverage
-20.22▼
2023 · 1.67
Debt ≤ 1 year
€38k▼
2023 · €80k
Income taxes
€3k▲
2023 · €-507
Staff costs
€127k▲
2023 · €87k
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 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€403k€284k▼
Fixed assets21/28€29k€23k▼
Tangible fixed assets22/27€29k€23k▼
Land and buildings22€11k€11k=
Plant, machinery and equipment23-€0
Furniture and vehicles24€18k€12k▼
Other tangible fixed assets26-€0
Current assets29/58€374k€261k▼
Stocks and contracts in progress3€104k€28k▼
Stocks30/36€104k€28k▼
Amounts receivable within one year40/41€213k€172k▼
Trade receivables40€213k€100k▼
Other amounts receivable41-€72k
Cash at bank and in hand54/58€57k€61k▲
Deferred charges and accrued income490/1-€593
Equity and liabilities
Total equity and liabilities10/49€403k€284k▼
Equity10/15€323k€246k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€34k€34k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€226k€150k▼
Amounts payable17/49€80k€38k▼
Amounts payable within one year42/48€80k€38k▼
Trade debts44€59k€34k▼
Suppliers440/4€59k€34k▼
Taxes, remuneration and social security45€19k€1k▼
Taxes450/3€8k€1k▼
Remuneration and social security454/9€11k-
Other amounts payable47/48€2k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€87k€127k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€6k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€131k-
Other operating charges640/8€10k€6k▼
Gross operating margin9900€232k€68k▼
Operating profit (loss)9901€3k€-70k▼
Financial income75/76B-€10
Recurring financial income75-€10
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€666€-73k▼
Income taxes67/77€-507€3k▲
Profit (loss) for the period9904€1k€-77k▼
Profit (loss) for the period to be appropriated9905€1k€-77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€251k€150k▼
Profit (loss) brought forward from the previous period14P€250k€226k▼
Profit to be distributed694/7€24k-
Return on contributions (dividend)694€24k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-77k ▼6636%
Net result drops to €-77k, the lowest in the series.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 26 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Lobbes · 1 establishment unit since 1998
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.
Rue des Nerviens 46540 LobbesGround area
4,808 m²
Building footprint
1,322 m²
Volume, LiDAR
11,051 m³
2 parcels, Wallonia · tallest building 12.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KRAMER ELECTRONICS EUROPE
since 19982.020.204.944
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56044B0184/00C000 | Wallonia | 4,637 m² | 1 · 1,224 m² | 10.6 m · 3 fl. |
| 25764N0002/00_000 | Wallonia | 171 m² | 1 · 98 m² | 12.0 m · 4 fl. |
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.
Similar companies · same sector, comparable size
LIJN-APPLICATIONS
BE 0447.328.465
Waregem · Eq €247,103
LIMAR CONCEPT
BE 0662.387.165
Sint-Pieters-Woluwe · Eq €249,684
PERSOONS TRADING INTERNATIONAL
BE 0808.705.529
Halen · Eq €250,209
S en U
BE 0833.351.942
Zaventem · Eq €250,704
DJ-MATIC
BE 0473.014.857
Brussel · Eq €238,724
Of 977 companies in sector 46431 we hold annual accounts for 705. 542 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 formPublic limited company
Founded29-01-1982
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
27510Manufacture of electrical equipment
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.