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ManagementConnect

Active
Private limited company (pre-2019)founded 20197 yrs activeVleurgatse Steenweg 80-82, 1050 Elsene, BelgiumKBO/BCE: BE 0719.854.816
Summary

The computed 12-month bankruptcy probability of ManagementConnect is 1.5% (moderate). The 2025 annual accounts show equity of €1.9m and a net result of €52,988. Equity is growing by ~52.7% per year across the filed fiscal years. Its solvency ranks better than 86% of 1672 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability43▼-57
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 6.64 against 4.46 in 2024; short-term debt: 15.1% and cash: 0% of total assets), and 15.1% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
84.9%
Return on assets
2.3%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
21 d early
2024
120 d late
2023
30 d late
2022
31 d late
2021
19 d late
2020
19 d late
2019
15 d early
← 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 26 days after the deadline; the sector median for financial year 2024 is 6 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ManagementConnect was incorporated on 5 February 2019.1 Total assets rose from EUR 57,888 in 2019 to EUR 2.3 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52,988▼ 95.6%
2024 · €1.2m
Working capital
€1.9m▲ 2.8%
2024 · €1.9m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Operating result€212,026▼ 48.9%-€47,447€238,871€1.6m▲ 567%-€24,338
Net result€164,371above the sector's middle half▼ 48.9%-€47,562below the sector's middle half€190,476above the sector's middle half€1.2mabove the sector's middle half▲ 537%€52,988within the sector's middle half▼ 95.6%
Equity€529,926above the sector's middle half▲ 45.0%€482,364above the sector's middle half▼ 9.0%€672,840within the sector's middle half▲ 39.5%€1.9mabove the sector's middle half▲ 180%€1.9mabove the sector's middle half▲ 2.8%
Total assets€684,308above the sector's middle half▲ 36.6%€546,311above the sector's middle half▼ 20.2%€727,608within the sector's middle half▲ 33.2%€2.4mwithin the sector's middle half▲ 234%€2.3mabove the sector's middle half▼ 6.1%
Debt€154,381▲ 14.0%€63,947▼ 58.6%€54,767▼ 14.4%€544,940▲ 895%€343,774▼ 36.9%
Working capital€529,926above the sector's middle half▲ 45.0%€478,944above the sector's middle half▼ 9.6%€669,420above the sector's middle half▲ 39.8%€1.9mabove the sector's middle half▲ 182%€1.9mabove the sector's middle half▲ 2.8%
Solvency77.4%above the sector's middle half▲ 4.5pp88.3%above the sector's middle half▲ 10.9pp92.5%above the sector's middle half▲ 4.2pp77.6%above the sector's middle half▼ 14.9pp84.9%above the sector's middle half▲ 7.4pp
Current ratio4.43above the sector's middle half▲ 0.738.49above the sector's middle half▲ 4.0613.22above the sector's middle half▲ 4.734.46above the sector's middle half▼ 8.766.64above the sector's middle half▲ 2.18
Return on assets (ROA)24.0%above the sector's middle half▼ 40.2pp-8.7%below the sector's middle half▼ 32.7pp26.2%above the sector's middle half▲ 34.9pp49.9%above the sector's middle half▲ 23.7pp2.3%within the sector's middle half▼ 47.6pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2025 Net result -96% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
-€500,000€0€500,000€1.0m€1.5mOperating result 2021: €212,026€212,026Net result 2021: €164,371€164,371Operating result 2022: -€47,447-€47,447Net result 2022: -€47,562-€47,562Operating result 2023: €238,871€238,871Net result 2023: €190,476€190,476Operating result 2024: €1.6m€1.6mNet result 2024: €1.2m€1.2mOperating result 2025: -€24,338-€24,338Net result 2025: €52,988€52,98820212022202320242025-€500,000€0€500,000€1m€1.5mOperating result 2023: €238,871€239,000Net result 2023: €190,476€190,000Operating result 2024: €1.6m€1.6mNet result 2024: €1.2m€1.2mOperating result 2025: -€24,338-€24,300Net result 2025: €52,988€53,000202320242025
The operating result turns negative in 2025: a loss of €24,338 after €1.6m in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.3m
Equity €1.9m ▲ 2.8%
Debt €343,774 ▼ 36.9%
Debt's share of the balance-sheet total falls from 22.4% to 15.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.18▼
2024 · 0.29
ROE
2.7%▼
2024 · 64.3%
Debt ≤ 1 year
€343,774▼
2024 · €544,940
Income taxes
€26,517▼
2024 · €491,151
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.4% went bankrupt
3.6% stopped otherwise
95% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,639 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.4m€2.3m▼
Fixed assets21/28€0-
Financial fixed assets28€0-
Current assets29/58€2.4m€2.3m▼
Amounts receivable after more than one year29€395,000€210,500▼
Other amounts receivable291€395,000€210,500▼
Amounts receivable within one year40/41€1.9m€2.1m▲
Trade receivables40€2,536€0▼
Other amounts receivable41€1.9m€2.1m▲
Cash at bank and in hand54/58€93,734€833▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.3m▼
Equity10/15€1.9m€1.9m▲
Contributions10/11€18,600€18,600=
Reserves13-€52,988
Distributable reserves133-€52,988
Profit (loss) carried forward14€1.9m€1.9m=
Amounts payable17/49€544,940€343,774▼
Amounts payable within one year42/48€544,940€343,774▼
Trade debts44€1,512€4,073▲
Suppliers440/4€1,512€4,073▲
Taxes, remuneration and social security45€543,428€339,700▼
Taxes450/3€543,428€339,700▼
Income statement Code20242025
Non-recurring operating income76A€1.4m€0▼
Other operating charges640/8€387€400▲
Gross operating margin9900€1.6m-€23,939▼
Operating profit (loss)9901€1.6m-€24,338▼
Financial income75/76B€114,060€103,903▼
Recurring financial income75€114,060€103,903▼
Financial charges65/66B€919€60▼
Recurring financial charges65€919€60▼
Profit (loss) for the period before taxes9903€1.7m€79,505▼
Income taxes67/77€491,151€26,517▼
Profit (loss) for the period9904€1.2m€52,988▼
Profit (loss) for the period to be appropriated9905€1.2m€52,988▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.9m€1.9m▲
Profit (loss) brought forward from the previous period14P€654,240€1.9m▲
Transfer to equity691/2-€52,988
To other reserves6921-€52,988
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A---€1.4m€0▼ 100%
Other operating charges640/8-€659€384€387€400▲ 3.2%
Non-recurring operating charges66A€1.1m€120,000€0---
Gross operating margin9900€1.3m€73,212€239,256€1.6m-€23,939▼ 102%
Operating profit (loss)9901€212,026-€47,447€238,871€1.6m-€24,338▼ 102%
Financial income75/76B€1,322€0€4,316€114,060€103,903▼ 8.9%
Recurring financial income75€1,322€0€4,316€114,060€103,903▼ 8.9%
Financial charges65/66B€936€115€434€919€60▼ 93.5%
Recurring financial charges65€936€115€434€919€60▼ 93.5%
Profit (loss) for the period before taxes9903€212,411-€47,562€242,753€1.7m€79,505▼ 95.3%
Income taxes67/77€48,041€0€52,277€491,151€26,517▼ 94.6%
Profit (loss) for the period9904€164,371-€47,562€190,476€1.2m€52,988▼ 95.6%
Profit (loss) for the period to be appropriated9905€164,371-€47,562€190,476€1.2m€52,988▼ 95.6%
Line20212022202320242025Change
Assets
Total assets20/58€684,308€546,311€727,608€2.4m€2.3m▼ 6.1%
Fixed assets21/28-€3,420€3,420€0--
Financial fixed assets28-€3,420€3,420€0--
Current assets29/58€684,308€542,891€724,188€2.4m€2.3m▼ 6.1%
Amounts receivable after more than one year29€670,000€493,000€500,000€395,000€210,500▼ 46.7%
Other amounts receivable291€670,000€493,000€500,000€395,000€210,500▼ 46.7%
Amounts receivable within one year40/41€9,582€30,582€216,378€1.9m€2.1m▲ 6.6%
Trade receivables40€0€29,365€29,815€2,536€0▼ 100%
Other amounts receivable41€9,582€1,217€186,563€1.9m€2.1m▲ 6.8%
Cash at bank and in hand54/58€4,725€17,698€6,463€93,734€833▼ 99.1%
Deferred charges and accrued income490/1-€1,612€1,347€0--
Equity and liabilities
Total equity and liabilities10/49€684,308€546,311€727,608€2.4m€2.3m▼ 6.1%
Equity10/15€529,926€482,364€672,840€1.9m€1.9m▲ 2.8%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13----€52,988-
Distributable reserves133----€52,988-
Profit (loss) carried forward14€511,326€463,764€654,240€1.9m€1.9m=
Amounts payable17/49€154,381€63,947€54,767€544,940€343,774▼ 36.9%
Amounts payable within one year42/48€154,381€63,947€54,767€544,940€343,774▼ 36.9%
Trade debts44€19€1,515€2,490€1,512€4,073▲ 169%
Suppliers440/4€19€1,515€2,490€1,512€4,073▲ 169%
Taxes, remuneration and social security45€154,362€48,041€52,277€543,428€339,700▼ 37.5%
Taxes450/3€154,362€48,041€52,277€543,428€339,700▼ 37.5%
Other amounts payable47/48-€14,391€0---
Line20212022202320242025Change
Profit (loss) for the period9904€164,371-€47,562€190,476€1.2m€52,988▼ 95.6%
Operating cash flow (approximation)€164,371-€47,562€190,476€1.2m€52,988▼ 95.6%
Investment in fixed assets (approximation)--€0€3,420--
Change in cash-€12,972-€11,235€87,272-€92,901▼ 206%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-11
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 120 days late
2024
31-12
Financial Highest result since 2019net €1.2m ▲537%
Operating result €1.6m, net result €1.2m, both a record.
31-12
Financial Equity above €1mEq €1.9m ▲180%
2 profitable years in a row build equity to €1.9m.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial Back to profitnet €190,476
Net result €190,476 after one loss-making year.
31-12
Financial Equity above €500,000Eq €672,840 ▲39.5%
Equity rises from €482,364 to €672,840.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Weakest financial yearnet -€47,562
Net result drops to -€47,562, the lowest in the series; recovery starts the following year.
19-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial Equity above €500,000Eq €529,926 ▲45%
3 profitable years in a row build equity to €529,926.
19-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
Show earlier events
2020
31-12
Financial Equity above €200,000Eq €365,556 ▲732%
2 profitable years in a row build equity to €365,556.
16-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
20-03
State Gazette act General meeting · Board meeting
Director resignation · Director appointment
26-02
State Gazette act General meeting · Board meeting
Director resignation · Director appointment
19-02
State Gazette act General meeting · Board meeting
Director resignation · Director appointment
19-02
State Gazette act General meeting · Board meeting
Director resignation · Director appointment
19-02
State Gazette act General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB 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, Elsene · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
6,957 m²
Building footprint
95 m²
Volume, LiDAR
1,497 m³
Parcel 21444B0050/00H000, Brussels · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ManagementConnect
Vleurgatse Steenweg 80-82, 1050 ElseneIT consultancy
since 20192.287.665.717
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21444B0050/00H000 Brussels 6,957 m² 1 · 95 m² 20.1 m · 6 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of ManagementConnect and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

Depth

The group is listed under Ownership & control below; here you explore it as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Ownership & control

5 board mandates
Board mandates of this companythis company sits on their board5

Similar companies · same sector, comparable size

Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 1,998 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 (pre-2019)
Founded05-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0719854816
Also 9925:BE0719854816
Registered 20-11-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.