Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DIRECT CONNECT from Leopoldsburg, company number BE0501661036, closed financial year 2025 with a result of € 4,511 after tax. For that financial year DIRECT CONNECT recorded a gross margin of € 88,899 and equity of € 38,305. Compared with financial year 2024, the result moved from € 12,802 to € 4,511. 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 August 21, 2026.
€ 38,305
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,511
▼ 65% vs 2024
Profit after tax over the fiscal year.
€ 36,297
▼ 40% 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 € 19,705.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 104,488
▲ 98% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 62,698
▲ 274% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 26,322
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,753
▼ 41% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 23,384 | € 16,874 | € 73,437 | € 88,899 | ▲ 21% |
| Profit after taxes | € 14,440 | € 10,670 | € 12,802 | € 4,511 | ▼ 65% |
| Equity | € 10,321 | € 20,991 | € 33,793 | € 38,305 | ▲ 13% |
| Total debts | € 39,640 | € 43,928 | € 88,562 | € 76,473 | ▼ 14% |
| Cash | € 14,974 | € 8,068 | € 60,278 | € 36,297 | ▼ 40% |
| Retained profit | € -8,279 | € 2,391 | € 15,193 | € 19,705 | ▲ 30% |
| Balance sheet total | € 49,961 | € 64,919 | € 122,355 | € 114,778 | ▼ 6% |
Key figures of DIRECT 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 31 July 2027.
What happened to DIRECT CONNECT?
What happened at DIRECT CONNECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,511 (▼ 65% vs 2024). filed late Source: NBB ↗
- New establishment in Leopoldsburg. KBO
- Muhsin Dulger became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 14,440 profit in 2022 to € 4,511 profit in 2025.
Paid € 968 in corporate taxes since 2022.
Best year ever: 2022, with € 14,440 profit.
A new publication or filing at DIRECT CONNECT? 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
Behind DIRECT CONNECT is Muhsin Dulger.
Directors
According to the 2025 annual accounts
Muhsin Dulger
Manager
since 2012
Establishments
Establishment units
Physical locations of this company
Martelarenstraat 8
3970 Leopoldsburg
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0501.661.036
- VAT number
- BE 0501.661.036
- Registered office
- Martelarenstraat 8, 3970 Leopoldsburg
- Names & denominations
- DIRECT CONNECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2012
- Peppol
- Active · Active since 21 Oct 2025
- Activities · NACE
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