Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CONXION from Waregem, company number BE0458974603, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year CONXION recorded revenue of € 57.1 million and equity of € 9.4 million. Compared with financial year 2024, the result moved from € 1.7 million to € 1.5 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 9.4 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 5.4 million
▲ 244% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 9.4 million.
People and assets in 2025
110
▲ 14 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.3 million
▲ 25% vs 2024
€ 75,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.8 million
▼ 16% vs 2024
Of which on lease € 800,711.
Debts at end 2025
€ 21.9 million
▼ 7% vs 2024
€ 2.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 9.2 million
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 2.4 million
▲ 94% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 28,096,987 | € 33,681,292 | € 41,709,703 | € 57,131,678 | ▲ 37% |
| Profit after taxes | € 292,605 | € 1,655,973 | € 1,743,542 | € 1,529,524 | ▼ 12% |
| Equity | € 4,465,284 | € 6,121,256 | € 7,864,798 | € 9,394,322 | ▲ 19% |
| Total debts | € 9,598,160 | € 22,435,759 | € 31,465,411 | € 35,061,259 | ▲ 11% |
| Cash | € 1,646,315 | € 2,492,817 | € 1,558,910 | € 5,356,504 | ▲ 244% |
| Land & buildings | € 2,738 | € 33,786 | € 0 | € 927,371 | |
| Retained profit | € 4,446,684 | € 6,102,656 | € 7,846,198 | € 9,375,722 | ▲ 19% |
| Bank debt | € 4,410,483 | € 16,576,449 | € 23,677,111 | € 21,937,243 | ▼ 7% |
| Balance sheet total | € 14,063,444 | € 28,557,015 | € 39,330,209 | € 44,455,581 | ▲ 13% |
| Employees (FTE) | 87.8 | 83.6 | 96 | 110 | ▲ 14 |
Key figures of CONXION, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to CONXION?
What happened at CONXION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.5 million (▼ 12% vs 2024). Source: NBB ↗
- Cajoevma BV became a director. NBB
- Datatech BV became a director. NBB
- Lieven Coen became a director. NBB
- Stefaan Vanquaethem became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 292,605 profit in 2022 to € 1.5 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.7 million profit.
Pays suppliers within 75 days on average.
A new publication or filing at CONXION? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of VECTIS PRIVATE EQUITY III ARKIV, DATATECH, QUESTIM, B-works comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CONXIONBehind CONXION are Datatech BV, Lieven Coen, Cajoevma BV and Stefaan Vanquaethem. The shares are held by VECTIS PRIVATE EQUITY III ARKIV (35%), DATATECH (25.1%), QUESTIM (17.2%) and B-works. It owns 100% of AXcite, 100% of WINGS SOFTWARE, 100% of Userfull, 100% of IT CENTRE OF EXCELLENCE, 100% of LUBON and 100% of Cats & Dogs itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Debyser Chris
since 2021
Lieven Coen
Director
Also active at: COBRIN, WESTSYS, SHARECOM, Vectis Partners, VECTIS PRIVATE EQUITY III ARKIV, PIBIOC, PROVEC, ARBAHOLD +1 more
since 2021
since 2024
Stefaan Vanquaethem
Director
Also active at: COVANCO, Vectis Partners, The Searchers, VECTIS PRIVATE EQUITY III ARKIV, VD Pro Hold, Essaho, SalixCo, VECTIS BEHEER +3 more
since 2021
Shareholders
Participations
100%
100%
100%
100%
100%
100%
75%
Conxion NL
60%
50%
Establishments
Establishment units
Physical locations of this company
Wagenaarstraat 33
8791 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →GROEP HUYZENTRUYT
€ 52.9 million revenue · 2025
AB-CONSULTING
€ 11,630 gross margin · 2025
SYCOM same network
€ 473,899 gross margin · 2025
DATATECH same network
€ 102,669 gross margin · 2026
GI.KO OFFICE SOLUTIONS same network
€ -3,848 gross margin · 2025
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.974.603
- VAT number
- BE 0458.974.603
- Registered office
- Wagenaarstraat 33, 8791 Waregem
- Names & denominations
- CONXION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 1996
- Peppol
- Active · Active since 13 Feb 2025
- Activities · NACE
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Computerconsultancy-activiteiten
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Detailhandel in ICT-apparatuur
Groothandel in informatie- en communicatieapparatuur
Gespecialiseerde detailhandel in kantoormachines en -meubelen, computers en standaardprogrammatuur en telecommunicatieapparatuur
+4