ACTIVE

CONEX

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Financial year 2025 · closed on 31/12/2025
Net result
183,3 k €
+31.7% YoY
Gross margin
305,3 k €
+21.6% YoY
Equity
212 k €
-44.0% YoY

What does CONEX do?

CONEX is a Private limited company incorporated in 2006. Its main activity is: Other software publishing. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0878.535.334
Incorporation
11/01/2006
Legal form
Private limited company
Registered office
Rond-point Robert Schuman 6 box 5
1040 Bruxelles · BruxellesSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
58290Other software publishing· main58290Other software publishing62020Computer consultancy activities62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering72210Research and experimental development on social sciences and humanities+9
Joint committees (1)
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin305,3 k €251 k €297,2 k €253,6 k €248,8 k €136,2 k €134 k €104,8 k €57,5 k €93,4 k €71 k €80,5 k €140,3 k €62,5 k €39,3 k €14,2 k €23,1 k €20 k €-10,2 k €-14,5 k €
EBITDA245,2 k €193,6 k €187,3 k €163 k €116,7 k €-70,4 k €41,2 k €31 k €-4,5 k €31,1 k €6,3 k €15,9 k €17,1 k €-70,4 k €-87 k €-110,7 k €-104,8 k €-81,3 k €-113,4 k €-95,9 k €
Operating result245,2 k €193,6 k €186,7 k €162,4 k €115,8 k €-70,6 k €41 k €30,5 k €-4,9 k €30,7 k €6,3 k €15,9 k €17,1 k €-71,1 k €-87,6 k €-111,5 k €-109 k €-86 k €-117,3 k €-96,4 k €
Net result183,3 k €139,2 k €134 k €122,3 k €114,5 k €-71,1 k €40,8 k €30,1 k €-4,9 k €30,5 k €6,7 k €15,3 k €15,2 k €-72,8 k €-91,6 k €76,4 k €-35,6 k €131,4 k €-123,9 k €-97,8 k €
Balance sheet
Equity212 k €378,7 k €239,5 k €105,5 k €-16,7 k €-131,3 k €-60,2 k €-101 k €-131,1 k €-126,2 k €-156,7 k €-163,4 k €-178,7 k €-193,9 k €-121,1 k €-29,5 k €-105,9 k €-70,3 k €-201,7 k €-77,8 k €
Total assets674,1 k €911,2 k €855 k €1,1 M €968,9 k €717,1 k €738,6 k €679 k €582 k €533 k €430,9 k €351,5 k €274 k €137,8 k €218,4 k €153,2 k €138,4 k €123,7 k €87,3 k €95,8 k €
Cash448,9 k €675,4 k €640,9 k €1 M €801,7 k €630,1 k €647,8 k €544,1 k €481,6 k €411,3 k €325,2 k €233,5 k €22,5 k €25,4 k €44,1 k €15,1 k €36,7 k €13,8 k €21,7 k €29,3 k €
Debts285,8 k €351,3 k €496,6 k €885,8 k €910,4 k €844,7 k €748,3 k €701,2 k €621,3 k €584 k €511,6 k €453,9 k €282,8 k €230 k €248,3 k €107,2 k €217,8 k €175,8 k €274,9 k €171,6 k €
Other
Workforce––––––––––1,0 ETP1,0 ETP1,0 ETP2,0 ETP2,0 ETP2,1 ETP2,0 ETP2,0 ETP2,0 ETP1,3 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 · 1 ended

Active mandates

Alban GRUSON

Mandate

Active
ICD

Mandate · 1000.992.092

Represented by Bertrand Gruson

Active

Ended mandates

Alban GRUSON

Manager · since 09 janvier 2006

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/06/202623/07/202530/08/202429/08/202331/08/202222/07/2021
General meeting25/06/202626/06/202527/06/202429/06/202330/06/202224/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202525/06/202626/06/2026FrenchPDF
Micro model31/12/202426/06/202523/07/2025FrenchPDF
Micro model31/12/202327/06/202430/08/2024FrenchPDF
Micro model31/12/202229/06/202329/08/2023FrenchPDF
Micro model31/12/202130/06/202231/08/2022FrenchPDF
Micro model31/12/202024/06/202122/07/2021FrenchPDF
Micro model31/12/201925/06/202030/10/2020FrenchPDF
Micro model31/12/201827/06/201929/08/2019FrenchPDF
Micro model31/12/201714/06/201822/08/2018FrenchPDF
Micro model31/12/201629/06/201729/08/2017FrenchPDF
Abridged model31/12/201530/06/201630/06/2016FrenchPDF
Abridged model31/12/201430/06/201531/08/2015FrenchPDF
Abridged model31/12/201327/06/201408/07/2014FrenchPDF
Abridged model31/12/201228/06/201301/07/2013FrenchPDF
Abridged model31/12/201130/06/201202/07/2012FrenchPDF
Abridged model31/12/201015/06/201127/06/2011FrenchPDF
Abridged model31/12/200921/05/201007/06/2010FrenchPDF
Abridged model31/12/200829/06/200902/07/2009FrenchPDF
Abridged model31/12/200720/06/200822/07/2008FrenchPDF
Abridged model31/12/200615/06/200720/06/2007FrenchPDF
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 · 1 ended

Active mandates

Alban GRUSON

Mandate

Active
ICD

Mandate · 1000.992.092

Represented by Bertrand Gruson

Active

Ended mandates

Alban GRUSON

Manager · since 09 janvier 2006

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/12/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office05/02/2014
    SIEGE SOCIAL
    PDF
  • Other23/01/2006
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025183,3 k €↑
  2. 2024
    Annual accounts 2024139,2 k €↑
  3. 2023
    Annual accounts 2023134 k €↑
  4. 2022
    Annual accounts 2022122,3 k €↑
  5. 2021
    Annual accounts 2021114,5 k €↑
  6. 2020
    Annual accounts 2020-71,1 k €↓
  7. 2019
    Annual accounts 201940,8 k €↑
  8. 2018
    Annual accounts 201830,1 k €↑
  9. 2017
    Annual accounts 2017-4,9 k €↓
  10. 2016
    Annual accounts 201630,5 k €↑
  11. 2015
    Annual accounts 20156,7 k €↓
  12. 2014
    Annual accounts 201415,3 k €↑
  13. 2013
    Annual accounts 201315,2 k €↑
  14. 2012
    Annual accounts 2012-72,8 k €↑
  15. 2011
    Annual accounts 2011-91,6 k €↓
  16. 2010
    Annual accounts 201076,4 k €↑
  17. 2009
    Annual accounts 2009-35,6 k €↓
  18. 2008
    Annual accounts 2008131,4 k €↑
  19. 2007
    Annual accounts 2007-123,9 k €↓
  20. 2006
    Annual accounts 2006-97,8 k €
  21. 11/01/2006
    IncorporationPrivate limited company