CONVAS
ActiveSummary
CONVAS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €409k and a net result of €98k. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-12
Solvency65▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.47 in 2024; short-term debt: 35% and cash: 4.4% of total assets), but 59.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.4%
Return on assets
9.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
27 d early
2023
28 d early
2022
224 d late
2021
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€409k▲ 31.5%
2024 · €311k
2021: €29k
2022: €218k
2023: €343k
2024: €311k
2021 → 2025
Total assets
€1.01M▲ 16.9%
2024 · €866k
2021: €83k
2022: €318k
2023: €591k
2024: €866k
2021 → 2025
Net result
€98k▼ 41.6%
2024 · €168k
2021: €24k
2022: €189k
2023: €125k
2024: €168k
2021 → 2025
Working capital
€293k▲ 41.6%
2024 · €207k
2021: €27k
2022: €198k
2023: €266k
2024: €207k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€218k▲ 650%€343k▲ 57.2%€311k▼ 9.4%€409k▲ 31.5%
Operating result€30k-€245k▲ 710%€163k▼ 33.5%€226k▲ 38.5%€138k▼ 38.9%
Net result€24k-€189k▲ 684%€125k▼ 34.0%€168k▲ 34.2%€98k▼ 41.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€365k ▲ 64.2%
Current assets
€648k ▲ 0.6%
Equity and liabilities €1.01M
Equity
€409k ▲ 31.5%
Debt
€604k ▲ 8.7%
Debt's share of the balance-sheet total falls from 64.1% to 59.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€209k▼
2024 · €275k
Cash flow
€169k▼
2024 · €216k
Current ratio
1.83▲
2024 · 1.47
Debt to equity
1.48▼
2024 · 1.78
ROE
24.0%▼
2024 · 53.9%
ROA
9.7%▼
2024 · 19.4%
Interest coverage
13.75▼
2024 · 23.20
Debt ≤ 1 year
€355k▼
2024 · €437k
Debt > 1 year
€248k▲
2024 · €117k
Income taxes
€35k▼
2024 · €55k
Staff costs
€83k▲
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€866k€1.01M▲
Fixed assets21/28€222k€365k▲
Intangible fixed assets21€6k€3k▼
Tangible fixed assets22/27€216k€362k▲
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€13k€29k▲
Leasing and similar rights25€149k€109k▼
Other tangible fixed assets26€49k€220k▲
Current assets29/58€644k€648k▲
Amounts receivable within one year40/41€591k€599k▲
Trade receivables40€75k€20k▼
Other amounts receivable41€516k€579k▲
Cash at bank and in hand54/58€32k€45k▲
Deferred charges and accrued income490/1€21k€4k▼
Equity and liabilities
Total equity and liabilities10/49€866k€1.01M▲
Equity10/15€311k€409k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€306k€404k▲
Amounts payable17/49€555k€604k▲
Amounts payable after more than one year17€117k€248k▲
Financial debts170/4€117k€248k▲
Amounts payable within one year42/48€437k€355k▼
Current portion of amounts payable after more than one year42€45k€87k▲
Trade debts44€102k€111k▲
Suppliers440/4€102k€111k▲
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€0-
Remuneration and social security454/9€6k€10k▲
Other amounts payable47/48€283k€146k▼
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€55k€83k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€71k▲
Other operating charges640/8€4k€16k▲
Gross operating margin9900€335k€308k▼
Operating profit (loss)9901€226k€138k▼
Financial income75/76B€8k€10k▲
Recurring financial income75€8k€10k▲
Financial charges65/66B€12k€15k▲
Recurring financial charges65€12k€15k▲
Profit (loss) for the period before taxes9903€222k€133k▼
Income taxes67/77€55k€35k▼
Profit (loss) for the period9904€168k€98k▼
Profit (loss) for the period to be appropriated9905€168k€98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€506k€404k▼
Profit (loss) brought forward from the previous period14P€338k€306k▼
Profit to be distributed694/7€200k€0▼
Return on contributions (dividend)694€200k€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
11-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 224 days late
2022
31-12
Financial
Highest result since 2021net €189k ▲684%
Operating result €245k, net result €189k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.09
Current ratio from 1.50 to 4.09.
31-12
Financial
Equity above €200kEq €218k ▲650%
2 profitable years in a row build equity to €218k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brugsesteenweg 5579030 GentGround area
731 m²
Building footprint
441 m²
Volume, LiDAR
3,557 m³
2 parcels, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
CONVAS
since 20212.321.574.838
CONVAS
since 20242.365.619.271
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0758/00N005 | Flanders | 446 m² | 1 · 248 m² | 10.7 m · 2 fl. |
| 44816K0716/00B002 | Flanders | 285 m² | 1 · 193 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 10,260 EUR awarded · 10,260 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
| 2022 | 1 | 7,260 EUR | 7,260 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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BE 0403.347.675
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BE 0439.491.954
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AWAKINO
BE 0450.323.884
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ZAKENKANTOOR VERVLOET
BE 0437.295.004
Vilvoorde · Eq €408,401
FUTURESPACES
BE 0743.912.004
Beersel · Eq €409,940
Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,750 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
68322Real estate appraisal on a fee or contract basis
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@convas.be