N-Connection Group
ActiveThe computed 12-month bankruptcy probability of N-Connection Group is 1.9% (moderate). The 2025 annual accounts show equity of €20k and a net result of €-7k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 11195 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
17
/ 100
Critical▼ -41 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency23▼-5
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.12 against 1.27 in 2024), and 85.9% 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.
+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 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
Sector 46
higher
← 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
14.1%
Return on assets
-4.7%
Age of the figures
8 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 06-07-2026, 25 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
25 d early
2024
40 d late
2023
1 d early
2022
91 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 25.0%
2024 · €27k
2022: €16k
2023: €22k
2024: €27k
2022 → 2025
Total assets
€143k▼ 9.6%
2024 · €159k
2022: €183k
2023: €165k
2024: €159k
2022 → 2025
Net result
€-7k
2024 · €5k
2022: €-4k
2023: €6k
2024: €5k
2022 → 2025
Working capital
€13k▼ 54.7%
2024 · €30k
2022: €32k
2023: €33k
2024: €30k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€16k-€22k▲ 36.3%€27k▲ 24.9%€20k▼ 25.0%
Operating result€-2k-€10k€8k▼ 15.8%€-5k
Net result€-4k-€6k€5k▼ 6.7%€-7k
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 €5k after €8k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143k
Fixed assets
€15k▼ 22.4%
Current assets
€129k▼ 7.9%
Equity and liabilities €143k
Equity
€20k▼ 25.0%
Debt
€123k▼ 6.5%
The debt ratio rises from 83.0% to 85.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-643▼
2024 · €15k
Cash flow
€-2k▼
2024 · €12k
Solvency
14.1%▼
2024 · 17.0%
Current ratio
1.12▼
2024 · 1.27
Quick ratio
0.36▲
2024 · 0.19
Debt / equity
6.10▲
2024 · 4.89
ROE
-33.3%▼
2024 · 19.9%
ROA
-4.7%▼
2024 · 3.4%
Interest coverage
-0.35▼
2024 · 9.74
Debt
€123k▼
2024 · €132k
Debt ≤ 1 year
€115k▲
2024 · €110k
Debt > 1 year
€8k▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€159k€143k▼
Fixed assets21/28€19k€15k▼
Intangible fixed assets21€13k€11k▼
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€1k€457▼
Current assets29/58€140k€129k▼
Stocks and contracts in progress3€119k€88k▼
Stocks30/36€119k€88k▼
Amounts receivable within one year40/41€20k€41k▲
Trade receivables40€20k€41k▲
Deferred charges and accrued income490/1€997-
Equity and liabilities
Total equity and liabilities10/49€159k€143k▼
Equity10/15€27k€20k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€7k€220▼
Amounts payable17/49€132k€123k▼
Amounts payable after more than one year17€22k€8k▼
Financial debts170/4€22k€8k▼
Amounts payable within one year42/48€110k€115k▲
Current portion of amounts payable after more than one year42€11k€12k▲
Financial debts43€2k€3k▲
Credit institutions430/8€2k€3k▲
Trade debts44€7k€31▼
Suppliers440/4€7k€31▼
Taxes, remuneration and social security45€23k€40k▲
Taxes450/3€23k€40k▲
Other amounts payable47/48€67k€62k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Gross operating margin9900€15k€-643▼
Operating profit (loss)9901€8k€-5k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€7k€-7k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€5k€-7k▼
Profit (loss) for the period to be appropriated9905€5k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€220▼
Profit (loss) brought forward from the previous period14P€2k€7k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-7k ▼225%
Net result drops to €-7k, the lowest in the series.
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oud-Heverlee · 1 establishment unit since 2022
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.
Winkelweg 43050 Oud-HeverleeGround area
5,617 m²
Building footprint
2,385 m²
Volume, LiDAR
24,868 m³
2 parcels, Flanders · tallest building 23.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
N-Connection Group
since 20222.328.611.197
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24434F0219/00L003 | Flanders | 5,178 m² | 1 · 2,242 m² | 23.9 m · 1 fl. |
| 24086A0209/00C000 | Flanders | 438 m² | 1 · 143 m² | 9.6 m · 2 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.
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COMDIS EUROPE
BE 0473.375.242
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ECOLUMIA
BE 0559.998.915
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Turnhout · Eq €21k
Of 1,238 companies in sector 46643 we hold annual accounts for 945. 299 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2022
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
47789Other retail sale of new goods
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.