Connectra · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Connectra is 2.6% (moderate). The 2025 annual accounts show equity of €140k and a net result of €-37k. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 2873 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-04-2026, 87 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.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 30-06. 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 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	28-04-2026	87 d late	2026-00089837
30-06-2024	31-01-2025	13-02-2025	13 d late	2025-00037041
30-06-2023	31-01-2024	08-01-2024	23 d early	2024-00000301
30-06-2022	31-01-2023	15-12-2022	47 d early	2022-20542839

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 signals

More than 3 years active

Founded in 2021, 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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.6% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

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€-37k

Working capital€61k-33.7%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 28-04-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~28.7%/year over 4 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 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	33.8%	43.4%	better than 40% of 2873 sector peers
Net result	€-37k	€13k	better than 5% of 2872 sector peers
Equity	€140k	€44k	better than 85% of 2873 sector peers
Gross operating margin	€416k	€39k	better than 95% of 2870 sector peers
Staff costs	€347k	€30k	higher than 95% of 929 sector peers

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).

Solvency P40

Weakening position over 2022-2025 · n=2873-11088

Net result P5

Weakening position over 2022-2025 · n=2872-11070

Equity P85

Improving position over 2022-2025 · n=2873-11091

Gross operating margin P95

Stable position over 2022-2025 · n=2870-11060

Describes the position versus peers, not a forecast.

EBITDA

€48k

-69.1% 22-25

Net profit

€-37k

- 22-25

Cash flow

€30k

-76.7% 22-25

Total assets

€415k

-29.3% 22-25

Equity

€140k

-20.8% 22-25

Working capital

€61k

-33.7% 22-25

Employees (FTE)

7

+55.3% 22-25

Staff costs

€347k

+74.6% 22-25

Income taxes

€816

-96.6% 22-25

Debt

€275k

-33.0% 22-25

Debt ≤ 1y

€216k

-33.3% 22-25

Debt > 1y

€59k

-31.7% 22-25

Current ratio

1.28

-0.1% 22-25

Quick ratio

1.28

-0.1% 22-25

Solvency

33.8%

+12.0% 22-25

Debt / equity

1.96

-15.3% 22-25

ROE

-26.3%

- 22-25

ROA

-8.9%

- 22-25

Interest coverage

2.47

-94.2% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€48k
Net profit	€-37k
Cash flow	€30k
Staff costs	€347k
Income taxes	€816
Dividends	-
Total assets	€415k
Equity	€140k
Debt	€275k
of which ≤ 1y	€216k
of which > 1y	€59k
Working capital	€61k
Employees (FTE)	7.3

Ratios (computed)

	2025
Current ratio	1.28
Quick ratio	1.28
Working capital ratio	14.6%
Solvency	33.8%
Debt / equity	1.96
Long-term debt ratio	0.42
Interest coverage	2.47
Gross margin	-
Net margin	-
ROA	-8.9%
ROE	-26.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €138k · 33.3% Current assets €276k · 66.7%

Equity & liabilities

Equity €140k · 33.8% Debt €275k · 66.2%

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	€415k
Fixed assets	21/28	€138k
Tangible fixed assets	22/27	€129k
Financial fixed assets	28	€9k
Current assets	29/58	€276k
Amounts receivable within one year	40/41	€259k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€415k
Equity	10/15	€140k
Contributions / capital	10/11	€6k
Accumulated profits (losses)	14	€134k
Amounts payable	17/49	€275k
Amounts payable after one year	17	€59k
Amounts payable within one year	42/48	€216k
Trade debts payable within one year	44	€43k
Income statement
Gross operating margin	9900	€416k
Operating result	9901	€-19k
Financial income	75	€2k
Financial charges	65	€19k
Result before taxes	9903	€-36k
Income taxes	67/77	€816
Net result for the period	9904	€-37k
Result to be appropriated	9905	€-37k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

53 / 100 Fair

050100

Computed from 5 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 from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Kasteelstraat 2239255 Buggenhout

Establishment units

1 location

Connectra

Puursesteenweg(BOR) 355, 2880 BornemVervaardiging van metalen constructiewerken of gebinten voor de bouw

since 20212.316.335.848

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area3.1 ha

Buildings2

Building footprint1.4 ha

Volume (LiDAR)79,441 m³

Tallest building10.0 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42004B0695/00X006	Flanders	2.8 ha	1 · 1.3 ha	10.0 m · 2 fl.
12007C0232/00A000	Flanders	3,737 m²	1 · 1,048 m²	8.9 m · 2 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

52 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 53

Profitability 0

Solvency 59

Growth 52

Stability 94

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verdict per customer and amount

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We hold annual accounts for 3,225 of the 22,771 companies in this sector. 2,521 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222

Primary activity highlighted.

Names & trade names

Legal nameNL

Connectra

Registered office

Kasteelstraat 223 bus G

9255 Buggenhout, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.