ACTIVE

ConnexEurope

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Financial year 2025 · closed on 31/12/2025

Net result

219,9 k €

-64.1% YoY

Gross margin

1,2 M €

-23.0% YoY

Equity

908,4 k €

+31.9% YoY

Workforce

11,0 ETP

+10.0% YoY

What does ConnexEurope do?

ConnexEurope is a Public limited company incorporated in 1991. Its registered office is in Steenokkerzeel. It employs on average 11,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.451.237

Incorporation

01/03/1991

Legal form

Public limited company

Registered office

Vliegveld 744
1820 Steenokkerzeel · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Average workforce

11,0 ETP

Joint committees (1)

Contacts

1 public detail 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	1,2 M €	-23.0%	1,6 M €	+11.6%	1,4 M €	+2.3%	1,4 M €	+20.6%	1,1 M €	+8.5%	1 M €	+19.7%	877 k €	-2.1%	895,6 k €	+8.5%	825,7 k €	+7.1%	771,1 k €	-36.1%	1,2 M €	+2.8%	1,2 M €	-1.1%	1,2 M €	-10.7%	1,3 M €	+3.1%	1,3 M €	+5.5%	1,2 M €	+27.2%	959,7 k €	-4.9%	1 M €	+19.3%	845,9 k €	+6.0%	798,1 k €
EBITDA	401 k €	-51.9%	834,4 k €	+32.3%	630,7 k €	+76.0%	358,3 k €	+6.8%	335,4 k €	+166%	126,1 k €	+38.3%	91,2 k €	+34.8%	67,7 k €	+283%	-37 k €	+28.4%	-51,7 k €	-125%	211 k €	+3.5%	203,8 k €	-5.8%	216,5 k €	-26.1%	292,9 k €	+82.6%	160,4 k €	-52.2%	335,4 k €	+106%	162,7 k €	-34.0%	246,4 k €	+55.2%	158,8 k €	+46.9%	108,1 k €
Operating result	339,9 k €	-58.9%	827,2 k €	+41.0%	586,6 k €	+67.2%	350,7 k €	+9.0%	321,7 k €	+220%	100,6 k €	+164%	38,1 k €	+157%	14,8 k €	+116%	-93,5 k €	+26.8%	-127,8 k €	-506%	31,4 k €	-63.9%	87 k €	-47.0%	164 k €	-22.1%	210,7 k €	+352%	46,6 k €	-74.4%	182 k €	+3011%	5,9 k €	-92.8%	80,8 k €	+426%	15,4 k €	-69.0%	49,5 k €
Net result	219,9 k €	-64.1%	613,4 k €	+48.5%	413,2 k €	+65.5%	249,7 k €	+13.6%	219,9 k €	+296%	55,5 k €	+84.4%	30,1 k €	+165%	11,4 k €	+136%	-31,5 k €	+79.0%	-150,4 k €	-1668%	9,6 k €	-82.1%	53,5 k €	-42.6%	93,1 k €	-7.7%	100,9 k €	+810%	11,1 k €	-84.7%	72,5 k €	+602%	-14,5 k €	-136%	40,4 k €	+199%	13,5 k €	-53.0%	28,8 k €
Balance sheet
Equity	908,4 k €	+31.9%	688,4 k €	+3.5%	665 k €	0.0%	665 k €	0.0%	665 k €	+32.2%	502,9 k €	+12.4%	447,4 k €	+7.2%	417,3 k €	+2.8%	405,9 k €	-7.2%	437,4 k €	-25.6%	587,8 k €	+1.7%	578,2 k €	+10.2%	524,7 k €	+21.6%	431,5 k €	+30.5%	330,6 k €	+3.5%	319,5 k €	+29.4%	247 k €	-5.5%	261,5 k €	+18.3%	221 k €	+6.5%	207,5 k €
Total assets	2,8 M €	+31.9%	2,2 M €	-22.2%	2,8 M €	+7.6%	2,6 M €	+34.6%	1,9 M €	+17.9%	1,6 M €	+27.9%	1,3 M €	-0.2%	1,3 M €	-6.0%	1,4 M €	-7.9%	1,5 M €	-2.5%	1,5 M €	-11.2%	1,7 M €	-11.4%	1,9 M €	-0.2%	1,9 M €	+13.5%	1,7 M €	-2.1%	1,7 M €	+2.0%	1,7 M €	-14.4%	2 M €	+2.5%	1,9 M €	+69.4%	1,1 M €
Cash	354,8 k €	-27.7%	491 k €	-49.8%	978,1 k €	+106%	474,2 k €	-23.0%	616 k €	+54.1%	399,7 k €	-6.3%	426,7 k €	-3.7%	443,1 k €	+0.4%	441,4 k €	+8.4%	407,1 k €	-22.1%	522,6 k €	-10.4%	583,1 k €	+26.7%	460,1 k €	-14.6%	539 k €	+102%	267 k €	+60.5%	166,3 k €	+336%	38,2 k €	-37.8%	61,4 k €	-70.3%	206,4 k €	+1094%	17,3 k €
Debts	1,8 M €	+25.2%	1,5 M €	-30.9%	2,1 M €	+10.6%	1,9 M €	+75.4%	1,1 M €	-2.9%	1,1 M €	+36.0%	824,3 k €	-3.9%	857,5 k €	-0.4%	860,8 k €	-14.1%	1 M €	+9.6%	914,2 k €	-17.8%	1,1 M €	-19.0%	1,4 M €	-7.1%	1,5 M €	+12.7%	1,3 M €	-6.3%	1,4 M €	+10.5%	1,3 M €	-20.6%	1,6 M €	+10.2%	1,4 M €	+71.3%	845,6 k €
Other
Workforce	11,0 ETP	+10.0%	10,0 ETP	+2.0%	9,8 ETP	0.0%	9,8 ETP	+30.7%	7,5 ETP	-7.4%	8,1 ETP	-4.7%	8,5 ETP	-9.6%	9,4 ETP	-3.1%	9,7 ETP	+4.3%	9,3 ETP	-5.1%	9,8 ETP	-9.3%	10,8 ETP	+0.9%	10,7 ETP	-9.3%	11,8 ETP	-12.6%	13,5 ETP	+2.3%	13,2 ETP	+6.5%	12,4 ETP	-4.6%	13,0 ETP	+12.1%	11,6 ETP	-4.1%	12,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 18 ended

Active mandates

CdR CONSULT

Director · since 12 juin 2025 · until 30 septembre 2030 · 1015.473.895

Represented by Charles de Cock de Rameyen

Active

Benoit Philippart de Foy

Director · since 01 octobre 2024 · until 30 septembre 2030

Active

Wim Gladiné

Director · since 01 octobre 2024 · until 30 septembre 2030

Active

CHARLES DE COCK DE RAMEYEN

Managing director · since 21 octobre 2008 · until 12 juin 2025

Active

CHARLES DE COCK DE RAMEYEN

Director · since 28 mai 2004 · until 12 juin 2025

Active

Ended mandates

BYCKHOVE

Director · since 25 mai 2012 · until 01 octobre 2024 · 0441.222.514

Represented by Amaury de Gruben

Ended

BYCKHOVE

Director · since 25 mai 2012 · 0441.222.514

Represented by Amaury de Gruben

Ended

CONSTANTIN DE GRUBEN

Director · since 25 février 2012 · until 01 octobre 2024

Ended

CONSTANTIN DE GRUBEN

Director · since 25 février 2012

Ended

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	28/07/2026	03/07/2025	19/06/2024	10/08/2023	20/07/2022	02/07/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	09/06/2022	10/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/06/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	12/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	13/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	10/08/2023	Dutch	PDF
Abridged model	31/12/2021	09/06/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	10/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	11/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	13/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	14/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/04/2013	16/04/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 5 active · 18 ended

Active mandates

CdR CONSULT

Director · since 12 juin 2025 · until 30 septembre 2030 · 1015.473.895

Represented by Charles de Cock de Rameyen

Active

Benoit Philippart de Foy

Director · since 01 octobre 2024 · until 30 septembre 2030

Active

Wim Gladiné

Director · since 01 octobre 2024 · until 30 septembre 2030

Active

CHARLES DE COCK DE RAMEYEN

Managing director · since 21 octobre 2008 · until 12 juin 2025

Active

CHARLES DE COCK DE RAMEYEN

Director · since 28 mai 2004 · until 12 juin 2025

Active

Ended mandates

BYCKHOVE

Director · since 25 mai 2012 · until 01 octobre 2024 · 0441.222.514

Represented by Amaury de Gruben

Ended

BYCKHOVE

Director · since 25 mai 2012 · 0441.222.514

Represented by Amaury de Gruben

Ended

CONSTANTIN DE GRUBEN

Director · since 25 février 2012 · until 01 octobre 2024

Ended

CONSTANTIN DE GRUBEN

Director · since 25 février 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring10/09/2026
FUSIE DOOR OVERNEMING — ALGEMENE VERGADERING VAN DE
PDF
Restructuring10/09/2026
MET FUSIE GELIJKGESTELDE VERRICHTING (GERUISLOZE FUSIE) —
PDF
Mandates23/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other02/07/2026
BENAMING
PDF
Restructuring04/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office05/01/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/09/2025
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 2025219,9 k €↓
2024
Annual accounts 2024613,4 k €↑
2023
Annual accounts 2023413,2 k €↑
2022
Annual accounts 2022249,7 k €↑
2021
Annual accounts 2021219,9 k €↑
2020
Annual accounts 202055,5 k €↑
2019
Annual accounts 201930,1 k €↑
2018
Annual accounts 201811,4 k €↑
2017
Annual accounts 2017-31,5 k €↑
2016
Annual accounts 2016-150,4 k €↓
2015
Annual accounts 20159,6 k €↓
2014
Annual accounts 201453,5 k €↓
2013
Annual accounts 201393,1 k €↓
2012
Annual accounts 2012100,9 k €↑
2011
Annual accounts 201111,1 k €↓
2010
Annual accounts 201072,5 k €↑
2009
Annual accounts 2009-14,5 k €↓
2008
Annual accounts 200840,4 k €↑
2008
Name changeCOMEXAS AIRFREIGHT
2007
Annual accounts 200713,5 k €↓
2006
Annual accounts 200628,8 k €
2006
Name changeACS-CARGOMASTER
01/03/1991
IncorporationPublic 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

ConnexEurope

Overview

What does ConnexEurope do?

Trend over 20 financial years

Indicative valuation

Board of directors

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