Financials
- Fiscal year
- 2025
- Total assets
- €39.1m
- Loss
- -€909,769
- Solvency
- 13.4%
Total assets▲ 3.3%
Net result
20232025
Leuven Connected
ActiveSummary
Leuven Connected has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of -€909,769. Equity is shrinking by ~30.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 32% of 11002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Development of non-residential building projects
NACE 68122NACE 41102
1 site
Size
€39.1mtotal assets 2025
- Staff
- 1.1 FTE
- Equity
- €5.2m
- Loss
- -€909,769
Turnover not published (abridged schema)
Structure
- Largest shareholder
- Katholieke Universiteit te Leuven · 35%
Auditor: BOGAERT & BOSMANS Bedrijfsrevisoren - Réviseurs d'EntreprisesAccounts 80 d early1 of 2 deeds read
Why 79- Liquidity: current ratio 0.72, cash €466,573- Equity €5.2m (13.4% of total assets)+ Sector Real estate activities (NACE 68)+ Size: 1.1 FTE, total assets €39.1mShow the evidence
Checked score
Score 2025
79
/ 100
Excellent
Probability in this band: under 0.55%
Better than 23% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
38-3
equity 13.4% of total assets
Liquidity
9+5
short-term debt 78.7% · cash 1.2%
Profitability
21+12
return on assets -2.3%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%lowest value
12-2024: 0.1%▲ +6.0% vs 11-2024
01-2025: 0.1%▼ -2.4% vs 12-2024
02-2025: 0.1%▲ +0.8% vs 01-2025
03-2025: 0.1%▲ +3.3% vs 02-2025
04-2025: 0.1%▲ +3.2% vs 03-2025
05-2025: 0.1%▲ +7.7% vs 04-2025
06-2025: 0.6%▲ +350% vs 05-2025
07-2025: 0.6%● 0.0% vs 06-2025
08-2025: 0.6%● 0.0% vs 07-2025
09-2025: 0.6%● 0.0% vs 08-2025
10-2025: 0.6%● 0.0% vs 09-2025
11-2025: 0.6%● 0.0% vs 10-2025
12-2025: 0.6%● 0.0% vs 11-2025
01-2026: 0.6%● 0.0% vs 12-2025
02-2026: 0.6%▲ +0.3% vs 01-2026
03-2026: 0.6%▲ +2.8% vs 02-2026highest value
04-2026: 0.6%● 0.0% vs 03-2026highest value
05-2026: 0.6%▼ -1.2% vs 04-2026
06-2026: 0.6%▼ -13.1% vs 05-2026
07-2026: 0.5%▼ -2.5% vs 06-2026
08-2026: 0.5%● 0.0% vs 07-2026
09-2026: 0.5%▼ -11.0% vs 08-2026
10-2026: 0.5%● 0.0% vs 09-2026
- Sector Real estate activities (NACE 68) lowers the probability
- Liquidity: current ratio 0.72, cash €466,573 raises the probability
- Size: 1.1 FTE, total assets €39.1m lowers the probability for this profile
- Equity €5.2m (13.4% of total assets) raises the probability
Credit up to €410,000 at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.66 in 2024; short-term debt: 78.7% and cash: 1.2% of total assets), and 86.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 34%, liquidity 10%, profitability 21%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Net result per financial year
232425
2023 to 2025 · latest year -€909,769
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 12-05-2026, 80 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
80 d early
2024
70 d early
2023
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 22 May (3 of the last 3 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Reappointment: BOGAERT & BOSMANS Bedrijfsrevisoren -…State Gazette act
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Risk: 3 loss-making years in a rowloss fiscal year 2025 -€909,769 View
- Caution: Among the weakest 5% on net resultsector median €10,255 · 10,990 companies -€909,769 View
- Positive: Result rose in 2025from -€3.0m to -€909,769 ▲ 69.3% View
- Known shareholderslargest: Katholieke Universiteit te… 35% 100% View
- Flemish supportawarded 2025 €200,000 View
By topic
Board & ownership
- Largest shareholder
- Katholieke Universiteit te Leuven · 35%
- Known shareholders
- 100%
- Auditor
- BOGAERT & BOSMANS Bedrijfsrevisoren…
Timeline
- Events
- 5
- Since
- 2024
- Next accounts
- by 31-07-2027
- 05-08-2026Reappointment: BOGAERT & BOSMANS Bedrijfsrevisoren - Réviseurs…
- 12-05-2026Annual accounts filed
- 22-05-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Development of non-residential building projectsNACE 68122
- Founded
- 20-12-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.