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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Co-nect is 1.8% (moderate). The 2025 annual accounts show equity of €7k and a net result of €5k. Equity is growing by ~103.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 149 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Signals
3 signals · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 149 sector peers (2025).
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | 30-04-2026 | on the day | 2026-00094677 |
| 30-09-2024 | 30-04-2025 | 30-04-2025 | on the day | 2025-00081609 |
| 30-09-2023 | 30-04-2024 | 30-04-2024 | on the day | 2024-00080208 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.8%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€5k-84.0%
Working capital€7k+201.3%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~103.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 42 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.3% | 42.0% | |
| Net result | €5k | €9k | |
| Equity | €7k | €43k | |
| Gross operating margin | €35k | €43k | |
| Staff costs | €28k | €41k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P16
Stable position over 2023-2025
· n=149-555
P35
Weakening position over 2023-2025
· n=149-552
P13
Stable position over 2023-2025
· n=149-555
P44
Improving position over 2023-2025
· n=148-549
Describes the position versus peers, not a forecast.
€30k
+94.5%
23-25
€5k
-84.0%
23-25
€30k
+92.9%
23-25
€58k
-49.8%
23-25
€7k
+201.3%
23-25
€7k
+201.3%
23-25
€28k
-
23-25
€1k
+1471.0%
23-25
€51k
-55.0%
23-25
€51k
-55.0%
23-25
1.14
+11.6%
23-25
1.14
+11.6%
23-25
12.3%
+499.6%
23-25
7.15
-85.1%
23-25
66.8%
-94.7%
23-25
8.2%
-68.1%
23-25
103.30
-8.6%
23-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €5k |
| Cash flow | - |
| Staff costs | €28k |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €58k |
| Equity | €7k |
| Debt | €51k |
| of which ≤ 1y | €51k |
| of which > 1y | - |
| Working capital | €7k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.14 |
| Quick ratio | 1.14 |
| Working capital ratio | 12.3% |
| Solvency | 12.3% |
| Debt / equity | 7.15 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 8.2% |
| ROE | 66.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €58k |
| Current assets | 29/58 | €58k |
| Amounts receivable within one year | 40/41 | €56k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €58k |
| Equity | 10/15 | €7k |
| Contributions / capital | 10/11 | €2k |
| Reserves | 13 | €5k |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €51k |
| Amounts payable within one year | 42/48 | €51k |
| Trade debts payable within one year | 44 | €37k |
| Income statement | ||
| Gross operating margin | 9900 | €35k |
| Operating result | 9901 | €6k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €214 |
| Result before taxes | 9903 | €6k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €5k |
| Result to be appropriated | 9905 | €5k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2025 · computed60
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
8 directorsCurrent directors & mandates
-
GLOBALE TRADINGLegal entityDirector· perm. rep.: Kereknaoui MohamadState Gazette act 24124981 (23-08-2024)Current13-05-2024 → present
-
DMS-CompanyLegal entityDirector· perm. rep.: Van den Eynde DimasState Gazette act 23111132 (29-08-2023)Current21-06-2023 → present
-
RAHLLegal entityDirector· perm. rep.: LORENZO DE JESUS Rafael AntonioState Gazette act 23330754 (05-04-2023)Current31-03-2023 → present
Former directors (5)
-
T AND HLegal entityDirector· perm. rep.: Makarati Ahmed-NourState Gazette act 23330754 (05-04-2023)Former31-03-2023 → 18-06-2025
2 events
- 18-06-2025 Resigned· Director
- 31-03-2023 Appointed· Director
-
Former18-01-2024 → 30-09-2024
2 events
- 30-09-2024 Resigned· Director
- 18-01-2024 Appointed· Director
-
RAHLLegal entityDirector· perm. rep.: Lorenzo De Jesus RafaelState Gazette act 24179873 (24-12-2024)Former- → 30-09-2024
-
Former21-06-2023 → 18-01-2024
2 events
- 18-01-2024 Resigned· Director
- 21-06-2023 Appointed· Director
-
Former- → 21-06-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Bouw van civieltechnische werken voor elektriciteit en telecommunicatie(42220) |
| Legal form | Private limited company(610) |
| Incorporation | 17-11-2022 |
| Status | Active |
| Postal code | 1745 |
Structure & network
Connections & network
5 connected companiesGroup structure
Parent · 1 subsidiary · 1 location
Control→
Parent · 1 subsidiary · 1 location
Control→
Parent · 1 subsidiary · 3 locations
Control→
Parent · 1 subsidiary · 1 location
Control→
Parent · 1 subsidiary
Control→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationCo-nect
since 20222.338.058.603
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area363 m²
Buildings1
Building footprint133 m²
Volume (LiDAR)994 m³
Tallest building12.7 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060B0451/00M000 | Flanders | 363 m² | 1 · 133 m² | 12.7 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
8 acts All acts · 8
updated 9 months ago
2025
10-11-2025 Makarati Ahmed-Nour resigns as director
2024
24-12-2024 2 resigning
23-08-2024 Kereknaoui Mohamad appointed as director
07-06-2024 1 director appointed, 2 resigning
- Fathallah Malek, Bestuurder
- Houchati Benjamin, Bestuurder
- Srouji Abdullah, Bestuurder
Summary:
v3.2
29-05-2024 1 director appointed, 2 resigning
- Fathallah Malek, Bestuurder
- Houchati Benjamin, Bestuurder
- Srouji Abdullah, Bestuurder
Summary:
v3.2
2023
29-08-2023 3 directors appointed, 1 resigning
- Houchati Benjamin, Bestuurder
- Van den Eynde Dimas, Bestuurder
- Srouji Abdullah, Bestuurder
- Van den Eynde Dimas, Bestuurder
Summary:
v3.2
05-04-2023 2 directors appointed
- MAKARATI Ahmed-Nour, Bestuurder
- LORENZO DE JESUS Rafael Antonio, Bestuurder
Summary:
v3.2
2022
21-11-2022 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes66
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
60
Profitability
100
Solvency
23
Growth
52
Stability
94
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Installatie van industriële machines, toestellen en werktuigen33200Installatie van industriële machines, toestellen en werktuigen33200Bouw van water- en gasdistributienetten42211Bouw van water- en gasdistributienetten42211Bouw van civieltechnische werken voor vloeistoffen, n.e.g.42219Bouw van civieltechnische werken voor vloeistoffen, neg42219Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Carrosserieherstelling45204Bandenservicebedrijven45205Detailhandel in ICT-apparatuur47400Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels47410Detailhandel in uurwerken en sieraden in gespecialiseerde winkels47770Detailhandel in uurwerken en sieraden47770Wederverkoop van telecommunicatie en bemiddelingsactiviteiten in verband met telecommunicatie61200Overige telecommunicatie61900Carrosserieherstelling (inclusief spuiten en verven)95314Bandenservicebedrijven95315
Primary activity highlighted.
Names & trade names
| Legal nameNL | Co-nect |
Registered office
Heiveld 9 bus 101
1745 Opwijk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.