NORMAL SITUATION

CONNECTSYSTEMS

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Financial year 2021 · closed on 31/12/2021

Net result

2,5 M €

+282.7% YoY

Revenue

65,8 M €

+16.4% YoY

Equity

15,7 M €

-38.1% YoY

Workforce

126,6 ETP

-0.9% YoY

Company — Normal situation.

What does CONNECTSYSTEMS do?

CONNECTSYSTEMS is a company registered in Belgium. It employs on average 126,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.392.544

Legal form

Public limited company

Contributed capital

11 230 454,00 €

Latest accounts

31/12/2021

Average workforce

126,6 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	65,8 M €	+16.4%	56,5 M €	-8.1%	61,5 M €	+18.5%	51,9 M €	+14.1%	45,5 M €	+29.2%	35,2 M €	-4.6%	36,9 M €	-0.4%	37 M €	+13.1%	32,7 M €	+0.5%	32,6 M €	-5.9%	34,6 M €	+6.6%	32,5 M €	+48.9%	21,8 M €	-30.6%	31,4 M €	-8.1%	34,2 M €	+8.3%	31,5 M €
EBITDA	3,8 M €	+2234%	164,7 k €	-95.7%	3,8 M €	+19.6%	3,2 M €	+15.6%	2,7 M €	+26.2%	2,2 M €	+11.8%	1,9 M €	-32.5%	2,9 M €	+13.7%	2,5 M €	-2.9%	2,6 M €	-13.0%	3 M €	+80.4%	1,7 M €	+1601%	-110,6 k €	-106%	2 M €	-37.0%	3,1 M €	+2.3%	3 M €
Operating result	3,2 M €	+469%	563,5 k €	-80.8%	2,9 M €	-0.5%	3 M €	+23.2%	2,4 M €	+40.9%	1,7 M €	+23.7%	1,4 M €	-45.0%	2,5 M €	+13.4%	2,2 M €	-3.9%	2,3 M €	-13.1%	2,6 M €	+69.2%	1,6 M €	+271%	-912,2 k €	-159%	1,5 M €	-44.2%	2,8 M €	+0.3%	2,8 M €
Net result	2,5 M €	+283%	641,4 k €	-88.4%	5,5 M €	+330%	1,3 M €	+57.6%	818,5 k €	+38257%	-2,1 k €	+2.5%	-2,2 k €	-100%	450,6 k €	+109%	215,3 k €	-18.1%	263 k €	-52.3%	551,5 k €		–		-811,8 k €		–		849,2 k €	-9.2%	935,7 k €
Balance sheet
Equity	15,7 M €	-38.1%	25,3 M €	+2.6%	24,7 M €	+29.0%	19,1 M €	+7.2%	17,8 M €	+4.8%	17 M €	-0.0%	17 M €	-0.0%	17 M €	+2.7%	16,6 M €	+1.3%	16,4 M €	+1.6%	16,1 M €	+3.5%	15,5 M €	0.0%	15,5 M €	-5.0%	16,4 M €	0.0%	16,4 M €	+5.5%	15,5 M €
Total assets	37,9 M €	-9.1%	41,8 M €	-7.5%	45,1 M €	-36.2%	70,7 M €	+10.5%	64 M €	+9.8%	58,2 M €	-1.9%	59,4 M €	+0.4%	59,2 M €	-0.4%	59,4 M €	+5.3%	56,4 M €	-5.5%	59,7 M €	+0.3%	59,5 M €	+12.6%	52,9 M €	-3.6%	54,8 M €	-1.5%	55,7 M €	+0.8%	55,2 M €
Cash	847 €	-100.0%	2 M €	+37450%	5,4 k €	+16.0%	4,6 k €	-8.2%	5 k €	-99.0%	525,3 k €	+2.0%	515,1 k €	+133%	221,4 k €	-68.1%	694,5 k €	+3361%	20,1 k €	+881%	2 k €	-91.5%	24,1 k €	+1699%	1,3 k €	-78.1%	6,1 k €	+499%	1 k €	-82.6%	5,8 k €
Debts	21,2 M €	+37.4%	15,4 M €	-20.0%	19,3 M €	-62.1%	50,8 M €	+11.9%	45,4 M €	+11.8%	40,6 M €	-3.9%	42,3 M €	+1.0%	41,9 M €	-1.8%	42,7 M €	+6.7%	40 M €	-8.1%	43,5 M €	-0.9%	43,9 M €	+17.7%	37,3 M €	-2.4%	38,3 M €	-2.6%	39,3 M €	-1.1%	39,7 M €
Other
Workforce	126,6 ETP	-0.9%	127,8 ETP	+0.7%	126,9 ETP	+1.0%	125,7 ETP	+1.1%	124,3 ETP	-3.9%	129,4 ETP	-8.1%	140,8 ETP	-4.7%	147,7 ETP	+0.6%	146,8 ETP	-1.3%	148,7 ETP	-5.5%	157,4 ETP	-3.2%	162,6 ETP	-6.4%	173,7 ETP	-4.2%	181,3 ETP	+7.3%	169,0 ETP	+1.6%	166,4 ETP

Governance

Board of directors

Seen on filing of 31/12/2021 · 2 active · 24 ended

Active mandates

Larens Consulting

Director · since 25 juin 2020 · until 26 juin 2023 · 0843.119.644

Active

CONNECT GROUP

Managing director · since 25 juin 2019 · until 26 juin 2023 · 0448.332.911

Represented by Jeroen Tuik

Active

Ended mandates

Larens Consulting

Director · since 25 juin 2020 · until 26 juin 2023 · 0843.119.644

Represented by Esme Verheijden

Ended

Larens Consulting

Director · since 26 janvier 2018 · until 25 juin 2020 · 0843.119.644

Represented by Esme Verheijden

Ended

HUGO CIROUX

Director · since 31 juillet 2017 · until 26 janvier 2018 · 0467.257.215

Represented by Hugo Ciroux

Ended

Jeroen Tuik

Director · since 31 juillet 2017 · until 25 juin 2020

Ended

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/07/2022	25/07/2021	06/07/2020	12/07/2019	20/07/2018	06/07/2017
General meeting	27/06/2022	25/06/2021	25/06/2020	25/06/2019	25/06/2018	26/06/2017
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

34 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2021	27/06/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	25/07/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	06/07/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	25/06/2018	20/07/2018	Dutch	PDF
Full model	31/12/2016	26/06/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	27/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	25/06/2014	02/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	03/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	03/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	05/07/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	22/07/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	09/08/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	09/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	31/07/2007	Dutch	PDF
Full model	31/12/2005	30/06/2006	26/07/2006	Dutch	PDF
Full model	31/12/2004	24/06/2005	20/07/2005	Dutch	PDF
Full model	31/12/2003	30/06/2004	29/07/2004	Dutch	PDF
Full model	31/12/2002	30/06/2003	22/07/2003	Dutch	PDF
Full model	31/12/2001	28/06/2002	26/07/2002	Dutch	PDF
Full model	31/12/2000	30/06/2001	27/07/2001	Dutch	PDF
Full model	31/12/1999	30/06/2000	04/08/2000	Dutch	PDF
Full model	31/12/1998	30/06/1999	12/08/1999	Dutch	PDF

View all 34 filings

Estimate

Indicative valuation

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 31/12/2021 · 2 active · 24 ended

Active mandates

Larens Consulting

Director · since 25 juin 2020 · until 26 juin 2023 · 0843.119.644

Active

CONNECT GROUP

Managing director · since 25 juin 2019 · until 26 juin 2023 · 0448.332.911

Represented by Jeroen Tuik

Active

Ended mandates

Larens Consulting

Director · since 25 juin 2020 · until 26 juin 2023 · 0843.119.644

Represented by Esme Verheijden

Ended

Larens Consulting

Director · since 26 janvier 2018 · until 25 juin 2020 · 0843.119.644

Represented by Esme Verheijden

Ended

HUGO CIROUX

Director · since 31 juillet 2017 · until 26 janvier 2018 · 0467.257.215

Represented by Hugo Ciroux

Ended

Jeroen Tuik

Director · since 31 juillet 2017 · until 25 juin 2020

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2021
Annual accounts 20212,5 M €↑
2020
Annual accounts 2020641,4 k €↓
2019
Annual accounts 20195,5 M €↑
2018
Annual accounts 20181,3 M €↑
2017
Annual accounts 2017818,5 k €↑
2016
Annual accounts 2016-2,1 k €↑
2015
Annual accounts 2015-2,2 k €↓
2014
Annual accounts 2014450,6 k €↑
2013
Annual accounts 2013215,3 k €↓
2012
Annual accounts 2012263 k €↓
2011
Annual accounts 2011551,5 k €↑
2010
Annual accounts 2010
2009
Annual accounts 2009-811,8 k €↓
2008
Annual accounts 2008
2007
Annual accounts 2007849,2 k €↓
2006
Annual accounts 2006935,7 k €

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

CONNECTSYSTEMS

Overview

What does CONNECTSYSTEMS do?

Trend over 16 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline