NVF CONNECTIONS

Active

Private limited companyfounded 200818 yrs activeChaussée de Wavre 197, 1360 Perwez, BelgiumKBO/BCE: BE 0899.178.815

Summary

The computed 12-month bankruptcy probability of NVF CONNECTIONS is 2.2% (moderate). The 2024 annual accounts show negative equity (€-19k) and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 396 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

27 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability20▼-52

Solvency17▼-41

Growth32▼-46

Track record100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.93 against 1.48 in 2022; short-term debt: 108% of total assets), and equity is negative.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 61

Relative position

BE, all sectors

reference

Sector 61

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-8%

Return on assets

-7%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

181920212224

2018 to 2024 · latest year €-19k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 filings

Deviation from the deadline

2025

not confirmed

2024

71 d late

2022

66 d late

2021

26 d late

2020

58 d late

2019

96 d late

2018

26 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-16k

2022 · €8k

2018: €-4k 2019: €-4k 2020: €72k 2021: €7k 2022: €8k

2018 → 2024

Working capital

€-19k

2022 · €96k

2018: €45k 2019: €32k 2020: €104k 2021: €99k 2022: €96k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222024Trend

Equity€9k-€81k▲ 779%€88k▲ 8.5%€96k▲ 9.4%€-19k

Operating result€3k-€89k▲ 2,655%€13k▼ 85.3%€11k▼ 12.5%€-17k

Net result€-4k-€72k€7k▼ 90.4%€8k▲ 19.7%€-16k

Result per fiscal year

Operating resultNet result

The operating result is €-17k in 2024, compared with €11k in 2022. Comparable figures for the intervening years are unavailable.

Key figures and ratios

2024 value · change against 2022

Solvency

-8.0%▼

2022 · 32.6%

Current ratio

0.93▼

2022 · 1.48

Debt to equity

-13.43▼

2022 · 2.07

ROA

-7.0%▼

2022 · 2.8%

Debt

€249k▲

2022 · €199k

Debt ≤ 1 year

€249k▲

2022 · €199k

Income taxes

€5k▲

2022 · €2k

Staff costs

€30k▼

2022 · €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 2022 · 48 lines

Balance sheet Code20222024

Assets

Total assets20/58€295k€231k▼

Fixed assets21/28€504€0▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€504€0▼

Furniture and vehicles24€504€0▼

Other tangible fixed assets26€0€0=

Current assets29/58€295k€231k▼

Stocks and contracts in progress3€40k€0▼

Stocks30/36€40k€0▼

Amounts receivable within one year40/41€153k€230k▲

Trade receivables40€35k€39k▲

Other amounts receivable41€119k€191k▲

Cash at bank and in hand54/58€100k-

Deferred charges and accrued income490/1€633€436▼

Equity and liabilities

Total equity and liabilities10/49€295k€231k▼

Equity10/15€96k€-19k▼

Contributions10/11€8k€8k=

Reserves13€8k€8k=

Distributable reserves133€8k€8k=

Profit (loss) carried forward14€80k€-35k▼

Amounts payable17/49€199k€249k▲

Amounts payable within one year42/48€199k€249k▲

Current portion of amounts payable after more than one year42€12k-

Financial debts43€1k€52k▲

Credit institutions430/8€1k€52k▲

Trade debts44€164k€196k▲

Suppliers440/4€164k€196k▲

Taxes, remuneration and social security45€22k€760▼

Taxes450/3€5k€760▼

Remuneration and social security454/9€17k-

Income statement Code20222024

Remuneration, social security and pensions62€87k€30k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€988-

Other operating charges640/8€1k€2k▲

Gross operating margin9900€101k€15k▼

Operating profit (loss)9901€11k€-17k▼

Financial income75/76B€379€10k▲

Recurring financial income75€379€10k▲

Financial charges65/66B€2k€4k▲

Recurring financial charges65€2k€4k▲

Profit (loss) for the period before taxes9903€10k€-11k▼

Income taxes67/77€2k€5k▲

Profit (loss) for the period9904€8k€-16k▼

Profit (loss) for the period to be appropriated9905€8k€-16k▼

Appropriation of the result

Profit (loss) to be appropriated9906€88k€-35k▼

Profit (loss) brought forward from the previous period14P€80k€-19k▼

Transfer to equity691/2€8k-

To other reserves6921€8k-

Social balance

Average headcount (FTE)90872.0-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

10-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 71 days late

2024

31-12

Financial Weakest financial yearnet €-16k ▼295%

Net result drops to €-16k, the lowest in the series.

2023

05-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 66 days late

2022

26-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 26 days late

2021

27-09

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 58 days late

2020

31-12

Financial Back to profitnet €72k

Net result €72k after 2 loss-making years.

04-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 96 days late

2019

26-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 26 days late

2018

17-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 17 days late

2017

07-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 7 days late

2016

02-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 2 days late

2015

27-05

NBB filing Annual accounts filed

fiscal year 2014 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Perwez · 1 establishment unit since 2008

establishment approximate The establishment unit on the map

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.

Chaussée de Wavre 1971360 Perwez

Ground area

1,421 m²

Building footprint

185 m²

Parcel 25084C0491/00T000, Wallonia. Linked by address, not a title deed.

1 establishment unit

NVF CONNECTIONS

Chaussée de Wavre 197, 1360 PerwezConstruction of utility projects for electricity and telecommunications

since 20082.171.844.351

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25084C0491/00T000	Wallonia	1,421 m²	1 · 185 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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

MELEC & Co

BE 0774.618.343

Zaventem · Eq €96,098

Tine Tas

BE 1005.210.010

Heist-op-den-Berg · Eq €95,440

STOP MET BELLEN

BE 0765.631.094

Dentergem · Eq €95,364

Charleroi · Eq €94,049

Of 2,168 companies in sector 61200 we hold annual accounts for 697. 478 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 formPrivate limited company

Founded04-07-2008

Fiscal year end31-12

Activities, NACEBEL 2025

61200Telecommunications resale and intermediation services

46500Wholesale of information and communication equipment

47400Retail sale of information and communication equipment

61100Wired, wireless and satellite telecommunications

62900Other information technology and computer services

Sources

Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers

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