Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CONNECT from Gent, company number BE0460993191, closed financial year 2025 with a result of € -10,083 after tax. For that financial year CONNECT recorded a gross margin of € -9,805 and equity of € -23,875. Compared with financial year 2024, the result moved from € -2,009 to € -10,083. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 22, 2026.
€ -23,875
▼ € 10,083 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,083
▼ 402 % more loss than in 2024
Profit after tax over the fiscal year.
€ 498
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -301,368.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 17,334
▲ 187% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 113,526 | € -9,722 | € -1,932 | € -9,805 | ▼ € 7,873 |
| Profit after taxes | € 106,531 | € -9,746 | € -2,009 | € -10,083 | ▼ € 8,074 |
| Equity | € -2,037 | € -11,783 | € -13,792 | € -23,875 | ▼ € 10,083 |
| Total debts | € 62,744 | € 50,006 | € 26,400 | € 37,334 | ▲ 41% |
| Cash | € 2,433 | € 187 | € 621 | € 498 | ▼ 20% |
| Retained profit | € -279,530 | € -289,276 | € -291,285 | € -301,368 | ▼ € 10,083 |
| Balance sheet total | € 60,707 | € 38,223 | € 12,607 | € 13,458 | ▲ 7% |
Key figures of CONNECT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to CONNECT?
What happened at CONNECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alpa NV stepped down as director. NBB
- Music Hall Group NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10,083. Source: NBB ↗
- Alpa NV became a director. NBB
- Music Hall Group NV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 106,531 profit in 2022 to € 10,083 loss in 2025.
Best year ever: 2022, with € 106,531 profit.
Management
The shares are held by Music Hall Group NV (99.8%) and Geert Allaert (0.2%).
Directors
According to the 2025 annual accounts
Director · represented by Geert Allaert
Owns 80.2% via Music Hall Group NV
Also active at: MUSIC HALL PRODUCTIONS, Music Hall Group, VORST NATIONAAL - FOREST NATIONAL, STADSSCHOUWBURG ANTWERPEN NV, CAPITOLE, Musical Rainbows, Music Hall Classics
since 2021 · until 2026
Director · represented by Amélie Allaert
Also active at: VORST NATIONAAL - FOREST NATIONAL, STADSSCHOUWBURG ANTWERPEN NV, CAPITOLE
since 2021 · until 2026
Shareholders
Music Hall Group NV · holding of Alpa NV
99.8%
Geert Allaert
0.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Graaf van Vlaanderenplein 7
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →ALPA same network
€ 101,857 gross margin · 2025
MUSIC HALL PRODUCTIONS same network
€ 93 gross margin · 2025
Music Hall Group same network
€ 180,000 revenue · 2025
VORST NATIONAAL - FOREST NATIONAL same network
€ 1.6 million revenue · 2025
STADSSCHOUWBURG ANTWERPEN NV same network
€ 782,780 revenue · 2025
+3 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
- 0460.993.191
- VAT number
- BE 0460.993.191
- Registered office
- Graaf van Vlaanderenplein 7, 9000 Gent
- Names & denominations
- CONNECT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1997
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Organisatie van congressen en beurzen
Overige zakelijke dienstverlening, n.e.g.
Overige zakelijke dienstverlening, neg