KONEX
ActiveSummary
The annual accounts of KONEX for fiscal year 2025 show a net loss of 53% of total assets. The 2025 annual accounts show equity of €84,491 and a net result of -€70,589. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 11508 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-88
Solvency89▼-11
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.51 against 5.31 in 2024; short-term debt: 36.4% and cash: 65.1% of total assets), and 36.4% of the assets are financed with debt.
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Signals
Five 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 · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
63.6%
Return on assets
-53.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
14 d late
2023
30 d late
2022
23 d late
2021
3 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€145,921▲ 30.3%
2018 · €111,954
EBIT margin
16.2%▲ 3.2pp
2018 · 13.0%
Net result
-€70,589
2024 · €35,634
Working capital
€73,221▼ 58.8%
2024 · €177,533
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€37,161▲ 11.9%€62,208▲ 67.4%€57,602▼ 7.4%€46,441▼ 19.4%-€69,742
Net result€25,646within the sector's middle half▲ 15.2%€43,745above the sector's middle half▲ 70.6%€41,826above the sector's middle half▼ 4.4%€35,634above the sector's middle half▼ 14.8%-€70,589below the sector's middle half
EBIT margin
Equity€99,518within the sector's middle half▼ 9.2%€136,121within the sector's middle half▲ 36.8%€177,947above the sector's middle half▲ 30.7%€195,081above the sector's middle half▲ 9.6%€84,491within the sector's middle half▼ 56.7%
Total assets€178,257within the sector's middle half▲ 3.0%€180,281within the sector's middle half▲ 1.1%€190,130within the sector's middle half▲ 5.5%€236,246within the sector's middle half▲ 24.3%€132,952within the sector's middle half▼ 43.7%
Debt€78,738▲ 24.1%€44,160▼ 43.9%€12,183▼ 72.4%€41,165▲ 238%€48,460▲ 17.7%
Working capital€108,339above the sector's middle half▼ 16.1%€129,817above the sector's middle half▲ 19.8%€155,769above the sector's middle half▲ 20.0%€177,533above the sector's middle half▲ 14.0%€73,221within the sector's middle half▼ 58.8%
Solvency55.8%within the sector's middle half▼ 7.5pp75.5%above the sector's middle half▲ 19.7pp93.6%above the sector's middle half▲ 18.1pp82.6%above the sector's middle half▼ 11.0pp63.6%within the sector's middle half▼ 19.0pp
Current ratio2.58within the sector's middle half▼ 1.483.94above the sector's middle half▲ 1.3613.79above the sector's middle half▲ 9.855.31above the sector's middle half▼ 8.472.51within the sector's middle half▼ 2.80
Return on assets (ROA)14.4%above the sector's middle half▲ 1.5pp24.3%above the sector's middle half▲ 9.9pp22.0%above the sector's middle half▼ 2.3pp15.1%above the sector's middle half▼ 6.9pp-53.1%below the sector's middle half▼ 68.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €69,742 after €46,441 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,952
Fixed assets
€11,270 ▼ 35.8%
Current assets
€121,681 ▼ 44.4%
Equity and liabilities €132,952
Equity
€84,491 ▼ 56.7%
Debt
€48,460 ▲ 17.7%
Debt's share of the balance-sheet total rises from 17.4% to 36.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€63,464▼
2024 · €53,971
Cash flow
-€64,312▼
2024 · €43,164
Debt to equity
0.57▲
2024 · 0.21
ROE
-83.5%▼
2024 · 18.3%
Interest coverage
-38.84▼
2024 · 43.73
Debt ≤ 1 year
€48,460▲
2024 · €41,165
Income taxes
€197▼
2024 · €10,428
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,834 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,365 | €1,809 | €4,799 | €7,530 | €6,278 | ▼ 16.6% |
| Other operating charges640/8 | - | €149 | - | - | €2,526 | - |
| Non-recurring operating charges66A | - | - | €12,153 | - | - | - |
| Gross operating margin9900 | €38,526 | €64,166 | €74,555 | €53,971 | -€60,938 | ▼ 213% |
| Operating profit (loss)9901 | €37,161 | €62,208 | €57,602 | €46,441 | -€69,742 | ▼ 250% |
| Financial income75/76B | €48 | - | €354 | €855 | €984 | ▲ 15.0% |
| Recurring financial income75 | €48 | - | €354 | €855 | €984 | ▲ 15.0% |
| Financial charges65/66B | €1,391 | €1,179 | €1,063 | €1,234 | €1,634 | ▲ 32.4% |
| Recurring financial charges65 | €1,391 | €1,179 | €1,063 | €1,234 | €1,634 | ▲ 32.4% |
| Profit (loss) for the period before taxes9903 | €35,817 | €61,029 | €56,893 | €46,062 | -€70,392 | ▼ 253% |
| Income taxes67/77 | €10,171 | €17,284 | €15,067 | €10,428 | €197 | ▼ 98.1% |
| Profit (loss) for the period9904 | €25,646 | €43,745 | €41,826 | €35,634 | -€70,589 | ▼ 298% |
| Profit (loss) for the period to be appropriated9905 | €25,646 | €43,745 | €41,826 | €35,634 | -€70,589 | ▼ 298% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178,257 | €180,281 | €190,130 | €236,246 | €132,952 | ▼ 43.7% |
| Fixed assets21/28 | €1,482 | €6,303 | €22,178 | €17,548 | €11,270 | ▼ 35.8% |
| Tangible fixed assets22/27 | €1,482 | €6,303 | €22,178 | €17,548 | €11,270 | ▼ 35.8% |
| Plant, machinery and equipment23 | - | - | €18,500 | €14,366 | €10,231 | ▼ 28.8% |
| Furniture and vehicles24 | €1,482 | €6,303 | €3,677 | €3,182 | €1,040 | ▼ 67.3% |
| Current assets29/58 | €176,775 | €173,977 | €167,952 | €218,698 | €121,681 | ▼ 44.4% |
| Amounts receivable within one year40/41 | €23,743 | €2,430 | €3,621 | €6,022 | €33,838 | ▲ 462% |
| Trade receivables40 | €21,478 | - | - | - | €25,174 | - |
| Other amounts receivable41 | €2,265 | €2,430 | €3,621 | €6,022 | €8,664 | ▲ 43.9% |
| Cash at bank and in hand54/58 | €153,032 | €171,547 | €164,331 | €212,676 | €86,534 | ▼ 59.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,310 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178,257 | €180,281 | €190,130 | €236,246 | €132,952 | ▼ 43.7% |
| Equity10/15 | €99,518 | €136,121 | €177,947 | €195,081 | €84,491 | ▼ 56.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €60,360 | €95,360 | €132,860 | €114,360 | €74,360 | ▼ 35.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €58,500 | €93,500 | €131,000 | €112,500 | €72,500 | ▼ 35.6% |
| Profit (loss) carried forward14 | €32,958 | €34,561 | €38,887 | €74,521 | €3,931 | ▼ 94.7% |
| Amounts payable17/49 | €78,738 | €44,160 | €12,183 | €41,165 | €48,460 | ▲ 17.7% |
| Amounts payable after more than one year17 | €10,302 | - | - | - | - | - |
| Financial debts170/4 | €10,302 | - | - | - | - | - |
| Amounts payable within one year42/48 | €68,436 | €44,160 | €12,183 | €41,165 | €48,460 | ▲ 17.7% |
| Current portion of amounts payable after more than one year42 | €10,953 | €10,302 | - | - | - | - |
| Trade debts44 | €1,645 | €1,237 | €3,574 | €3,417 | €289 | ▼ 91.6% |
| Suppliers440/4 | €1,645 | €1,237 | €3,574 | €3,417 | €289 | ▼ 91.6% |
| Taxes, remuneration and social security45 | €18,564 | €24,202 | €3,750 | €9,847 | €10,472 | ▲ 6.3% |
| Taxes450/3 | €18,564 | €24,202 | €3,750 | €9,847 | €10,472 | ▲ 6.3% |
| Other amounts payable47/48 | €37,274 | €8,420 | €4,859 | €27,901 | €37,700 | ▲ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,646 | €43,745 | €41,826 | €35,634 | -€70,589 | ▼ 298% |
| + Depreciation and write-downs630 | €1,365 | €1,809 | €4,799 | €7,530 | €6,278 | ▼ 16.6% |
| Operating cash flow (approximation) | €27,011 | €45,554 | €46,625 | €43,164 | -€64,312 | ▼ 249% |
| Investment in fixed assets (approximation) | - | -€6,631 | -€20,673 | -€2,900 | €0 | ▲ 100% |
| Change in cash | - | €18,515 | -€7,216 | €48,344 | -€126,142 | ▼ 361% |
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
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet -€70,589
Net result drops to -€70,589, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 13.79
Current ratio from 3.94 to 13.79; short-term debt falls from €44,160 to €12,183.
31-12
Financial
Equity above €150,000Eq €177,947 ▲30.7%
6 profitable years in a row build equity to €177,947.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Highest result since 2018net €43,745 ▲70.6%
Operating result €62,208, net result €43,745, both a record.
31-12
Financial
Equity above €100,000Eq €136,121 ▲36.8%
5 profitable years in a row build equity to €136,121.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100,000Eq €109,587 ▲25.5%
3 profitable years in a row build equity to €109,587.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Tournai · 1 establishment unit since 2004
Ground area
993 m²
Building footprint
126 m²
Volume, LiDAR
708 m³
Parcel 57042A0226/00D000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20042.144.145.606
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57042A0226/00D000 | Wallonia | 993 m² | 1 · 126 m² | 7.5 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.
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BES
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Of 2,120 companies in sector 46500 we hold annual accounts for 1,408. 1,002 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
Founded18-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
58290Other software publishing
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
77330Rental and leasing activities
Contact
Phone
069/840110Tournai
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870047735
Also
9925:BE0870047735
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.