ACTIVE

CONNECT

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Financial year 2025 · closed on 31/12/2025

Net result

397 k €

-44.4% YoY

Gross margin

3,1 M €

+2.1% YoY

Equity

704,4 k €

+129.1% YoY

Workforce

38,3 ETP

+1.9% YoY

What does CONNECT do?

CONNECT is a Private limited company incorporated in 1987. Its main activity is: Public relations and communication activities. Its registered office is in Hasselt. It employs on average 38,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.875.474

Incorporation

27/08/1987

Legal form

Private limited company

Registered office

Maastrichterstraat 71
3500 Hasselt · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

38,3 ETP

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 74401Other professional, scientific and technical activities 73110Advertising agencies 73110Advertising agencies

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,1 M €	+2.1%	3 M €	+5.9%	2,8 M €	+5.8%	2,7 M €	+9.8%	2,4 M €	+28.7%	1,9 M €	-0.6%	1,9 M €	+6.8%	1,8 M €	-20.6%	2,2 M €	+7.5%	2,1 M €	+54.9%	1,3 M €	+29.5%	1 M €	+35.5%	765,4 k €	-48.7%	1,5 M €	+9.4%	1,4 M €	+48.2%	920,9 k €	-12.4%	1,1 M €	+16.1%	905,8 k €	-20.8%	1,1 M €	-12.4%	1,3 M €
EBITDA	390,8 k €	-28.0%	542,5 k €	+42.2%	381,5 k €	-34.9%	585,8 k €	+8.1%	541,9 k €	+21.8%	445 k €	+17.5%	378,8 k €	-14.0%	440,5 k €	-58.8%	1,1 M €	-10.3%	1,2 M €	+98.6%	600,3 k €	+84.5%	325,5 k €	+744%	-50,6 k €	-108%	649,4 k €	+7.6%	603,5 k €	+53.2%	393,9 k €	+13.8%	346,2 k €	+30.6%	265 k €	-27.1%	363,5 k €	-32.9%	542,1 k €
Operating result	338,9 k €	-29.5%	480,9 k €	+49.6%	321,5 k €	-43.2%	566 k €	+14.8%	492,9 k €	+20.3%	409,7 k €	+11.8%	366,6 k €	-9.6%	405,6 k €	-60.8%	1 M €	-7.8%	1,1 M €	+96.2%	571,4 k €	+95.8%	291,8 k €	+399%	-97,7 k €	-116%	599,9 k €	+6.5%	563 k €	+60.4%	351 k €	+17.1%	299,8 k €	+57.7%	190,1 k €	-22.4%	244,8 k €	-39.1%	401,8 k €
Net result	397 k €	-44.4%	714 k €	+18.0%	604,9 k €	-19.1%	748 k €	+26.1%	593,1 k €	+14.8%	516,9 k €	+32.6%	389,9 k €	+50.9%	258,3 k €	-61.0%	662,8 k €	-8.9%	727,9 k €	+91.2%	380,7 k €	+95.8%	194,4 k €	+303%	-96 k €	-126%	370,5 k €	+14.7%	323 k €	+51.5%	213,2 k €	+11.6%	191,1 k €	+544%	-43 k €	-129%	146,6 k €	-40.2%	245,2 k €
Balance sheet
Equity	704,4 k €	+129%	307,4 k €	-2.1%	314,1 k €	-1.4%	318,4 k €	+2.7%	309,9 k €	+1.0%	306,8 k €	+0.1%	306,5 k €	+0.3%	305,6 k €	-0.9%	308,3 k €	+0.1%	307,9 k €	+1.0%	305 k €	+0.2%	304,3 k €	+46.4%	207,9 k €	-31.6%	303,9 k €	+0.2%	303,4 k €	+0.3%	302,4 k €	-27.9%	419,2 k €	+83.8%	228,1 k €	-15.9%	271,1 k €	+2.5%	264,5 k €
Total assets	2,3 M €	+20.4%	1,9 M €	-16.7%	2,3 M €	-7.0%	2,5 M €	-3.2%	2,6 M €	+12.0%	2,3 M €	+22.2%	1,9 M €	-19.1%	2,3 M €	-12.5%	2,7 M €	+7.7%	2,5 M €	+37.7%	1,8 M €	+37.7%	1,3 M €	+20.0%	1,1 M €	-56.9%	2,5 M €	-19.9%	3,2 M €	+27.8%	2,5 M €	+14.8%	2,2 M €	+19.5%	1,8 M €	+51.9%	1,2 M €	-19.2%	1,5 M €
Cash	467,3 k €	+24.1%	376,4 k €	-24.7%	500,1 k €	-7.5%	540,4 k €	-25.2%	722,2 k €	+34.2%	538,1 k €	+107%	260,5 k €	-41.5%	445,3 k €	-5.0%	468,8 k €	+16.8%	401,4 k €	+165%	151,7 k €	-8.6%	166 k €	-21.4%	211,3 k €	-28.7%	296,1 k €	-44.3%	531,6 k €	+242%	155,5 k €	-76.9%	673,6 k €	+580%	99 k €	+52.4%	64,9 k €	-29.5%	92,1 k €
Debts	1,6 M €	+4.7%	1,5 M €	-22.1%	1,9 M €	-6.9%	2,1 M €	+3.8%	2 M €	+9.8%	1,8 M €	+20.9%	1,5 M €	-22.9%	2 M €	-12.2%	2,2 M €	+10.3%	2 M €	+38.4%	1,5 M €	+46.8%	998,2 k €	+12.9%	884,3 k €	-59.6%	2,2 M €	-21.4%	2,8 M €	+28.8%	2,2 M €	+25.1%	1,7 M €	+9.8%	1,6 M €	+71.2%	918,3 k €	-24.0%	1,2 M €
Other
Workforce	38,3 ETP	+1.9%	37,6 ETP	-9.8%	41,7 ETP	+16.2%	35,9 ETP	0.0%	35,9 ETP	+22.5%	29,3 ETP	+4.6%	28,0 ETP	+6.9%	26,2 ETP	+6.9%	24,5 ETP	+22.5%	20,0 ETP	+32.5%	15,1 ETP	+5.6%	14,3 ETP	-12.8%	16,4 ETP	-3.5%	17,0 ETP	+21.4%	14,0 ETP	+20.7%	11,6 ETP	-16.5%	13,9 ETP	-3.5%	14,4 ETP	-20.4%	18,1 ETP	-8.1%	19,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 39 ended

Active mandates

Ann Vanheel

Director · since 18 octobre 2023

Active

HaW

Director · since 18 octobre 2023 · 0478.058.659

Represented by Bart Derison

Active

Ended mandates

HaW

Director · since 09 avril 2020 · 0478.058.659

Represented by Bart Derison

Ended

HaW

Director · since 09 février 2020 · 0478.058.659

Represented by Bart Derison

Ended

HaW

Director · since 06 février 2020 · 0478.058.659

Ended

Ann Vanheel

Director · since 01 septembre 2016 · until 31 août 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Connect Eenheid● Active	1008.028.552
C-Partners● Active	0841.884.279

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/05/2026	24/04/2025	26/04/2024	06/07/2023	11/07/2022	04/05/2021
General meeting	10/04/2026	11/04/2025	12/04/2024	02/06/2023	08/04/2022	09/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/04/2026	05/05/2026	Dutch	PDF
Abridged model	31/12/2024	11/04/2025	24/04/2025	Dutch	PDF
Abridged model	31/12/2023	12/04/2024	26/04/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	06/07/2023	Dutch	PDF
Abridged model	31/12/2021	08/04/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	09/04/2021	04/05/2021	Dutch	PDF
Abridged model	31/12/2019	10/04/2020	03/07/2020	Dutch	PDF
Abridged model	31/12/2018	12/04/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	13/04/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	14/04/2017	24/05/2017	Dutch	PDF
Abridged model	31/12/2015	08/04/2016	04/05/2016	Dutch	PDF
Abridged model	31/12/2014	10/04/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	11/04/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	12/04/2013	28/06/2013	Dutch	PDF
Abridged modelCorrection	31/12/2011	25/05/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 39 ended

Active mandates

Ann Vanheel

Director · since 18 octobre 2023

Active

HaW

Director · since 18 octobre 2023 · 0478.058.659

Represented by Bart Derison

Active

Ended mandates

HaW

Director · since 09 avril 2020 · 0478.058.659

Represented by Bart Derison

Ended

HaW

Director · since 09 février 2020 · 0478.058.659

Represented by Bart Derison

Ended

HaW

Director · since 06 février 2020 · 0478.058.659

Ended

Ann Vanheel

Director · since 01 septembre 2016 · until 31 août 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/07/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/10/2018
ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2016
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025397 k €↓
2024
Annual accounts 2024714 k €↑
2023
Annual accounts 2023604,9 k €↓
2023
Name changeConnect Belgium
2022
Annual accounts 2022748 k €↑
2021
Annual accounts 2021593,1 k €↑
2021
Name changeConnect
2020
Annual accounts 2020516,9 k €↑
2019
Annual accounts 2019389,9 k €↑
2018
Annual accounts 2018258,3 k €↓
2017
Annual accounts 2017662,8 k €↓
2016
Annual accounts 2016727,9 k €↑
2015
Annual accounts 2015380,7 k €↑
2014
Annual accounts 2014194,4 k €↑
2013
Annual accounts 2013-96 k €↓
2012
Annual accounts 2012370,5 k €↑
2011
Annual accounts 2011323 k €↑
2010
Annual accounts 2010213,2 k €↑
2009
Annual accounts 2009191,1 k €↑
2008
Annual accounts 2008-43 k €↓
2007
Annual accounts 2007146,6 k €↓
2006
Annual accounts 2006245,2 k €
27/08/1987
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CONNECT

Overview

What does CONNECT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline