CONVERT
Bankruptcy closedInactive since 03-07-2026; last annual accounts for fiscal year 2022.
Summary
CONVERT was declared bankrupt on 07-03-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 30-06-2026, published in the Belgian State Gazette on 06-07-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Equity
€122k▲ 60.9%
2021 · €76k
2019: €117k
2020: €84k▼ -28.2% vs 2019
2021: €76k▼ -9.8% vs 2020lowest in 4 years
2022: €122k▲ +60.9% vs 2021highest in 4 years
2019 → 2022
Total assets
€173k▲ 0.1%
2021 · €172k
2019: €220khighest in 4 years
2020: €163k▼ -25.6% vs 2019lowest in 4 years
2021: €172k▲ +5.6% vs 2020
2022: €173k▲ +0.1% vs 2021
2019 → 2022
Net result
€46k
2021 · €-8k
2019: €-2k
2020: €-33k▼ -1473% vs 2019lowest in 4 years
2021: €-8k▲ +75.0% vs 2020
2022: €46k▲ +659% vs 2021highest in 4 years
2019 → 2022
Working capital
€123k▼ 0.6%
2021 · €123k
2019: €179khighest in 4 years
2020: €131k▼ -26.6% vs 2019
2021: €123k▼ -6.1% vs 2020
2022: €123k▼ -0.6% vs 2021lowest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€117k-€84k▼ 28.2%€76k▼ 9.8%€122k▲ 60.9%
2019: €117k
2020: €84k▼ -28.2% vs 2019
2021: €76k▼ -9.8% vs 2020lowest in 4 years
2022: €122k▲ +60.9% vs 2021highest in 4 years
Operating result€-2k-€-33k▼ 1,520%€-8k▲ 75.0%€-2k▲ 72.0%
2019: €-2khighest in 4 years
2020: €-33k▼ -1520% vs 2019lowest in 4 years
2021: €-8k▲ +75.0% vs 2020
2022: €-2k▲ +72.0% vs 2021
Net result€-2k-€-33k▼ 1,473%€-8k▲ 75.0%€46k
2019: €-2k
2020: €-33k▼ -1473% vs 2019lowest in 4 years
2021: €-8k▲ +75.0% vs 2020
2022: €46k▲ +659% vs 2021highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2022 against €8k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €173k
Fixed assets
€0 ▼ 100.0%
Current assets
€173k ▲ 0.7%
Equity and liabilities €173k
Equity
€122k ▲ 60.9%
Provisions
€0 ▼ 100%
Debt
€51k ▲ 5.3%
Debt's share of the balance-sheet total rises from 27.9% to 29.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.45▼
2021 · 3.56
Debt to equity
0.42▼
2021 · 0.64
ROE
37.8%▲
2021 · -10.9%
ROA
26.7%▲
2021 · -4.8%
Debt ≤ 1 year
€50k▲
2021 · €48k
Debt > 1 year
€705
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 · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€172k€173k▲
Fixed assets21/28€959€0▼
Tangible fixed assets22/27€959€0▼
Furniture and vehicles24€959€0▼
Current assets29/58€172k€173k▲
Amounts receivable within one year40/41€171k€171k=
Trade receivables40€5k€5k▲
Other amounts receivable41€166k€166k=
Cash at bank and in hand54/58€237€1k▲
Equity and liabilities
Total equity and liabilities10/49€172k€173k▲
Equity10/15€76k€122k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€94k€63▼
Non-distributable reserves130/1€63€63=
Legal reserve130€63€63=
Tax-exempt reserves132€94k-
Profit (loss) carried forward14€-80k€60k▲
Provisions and deferred taxes16€49k-
Deferred taxes168€49k-
Amounts payable17/49€48k€51k▲
Amounts payable after more than one year17-€705
Other amounts payable178/9-€705
Amounts payable within one year42/48€48k€50k▲
Current portion of amounts payable after more than one year42€15k-
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€67€67=
Taxes450/3€67€67=
Other amounts payable47/48€27k€43k▲
Income statement
Code20212022
Non-recurring operating income76A€20-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€240-
Other operating charges640/8€261€2k▲
Non-recurring operating charges66A-€959
Gross operating margin9900€-8k€872▲
Operating profit (loss)9901€-8k€-2k▲
Financial income75/76B€2€11▲
Recurring financial income75€2€11▲
Financial charges65/66B€85€85▲
Recurring financial charges65€85€85▲
Profit (loss) for the period before taxes9903€-8k€-2k▲
Transfer from deferred taxes780-€49k
Profit (loss) for the period9904€-8k€46k▲
Transfer from tax-exempt reserves789-€94k
Profit (loss) for the period to be appropriated9905€-8k€140k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-80k€60k▲
Profit (loss) brought forward from the previous period14P€-72k€-80k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €20 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €240 | €260 | €240 | - | - |
| Other operating charges640/8 | €444 | €3k | €261 | €2k | ▲ 744% |
| Non-recurring operating charges66A | - | - | - | €959 | - |
| Gross operating margin9900 | €-1k | €-29k | €-8k | €872 | ▲ 111% |
| Operating profit (loss)9901 | €-2k | €-33k | €-8k | €-2k | ▲ 72.0% |
| Financial income75/76B | - | - | €2 | €11 | ▲ 383% |
| Recurring financial income75 | - | - | €2 | €11 | ▲ 383% |
| Financial charges65/66B | €78 | €262 | €85 | €85 | ▲ 0.1% |
| Recurring financial charges65 | €78 | €262 | €85 | €85 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €-2k | €-33k | €-8k | €-2k | ▲ 71.3% |
| Transfer from deferred taxes780 | - | - | - | €49k | - |
| Profit (loss) for the period9904 | €-2k | €-33k | €-8k | €46k | ▲ 659% |
| Transfer from tax-exempt reserves789 | - | - | - | €94k | - |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-33k | €-8k | €140k | ▲ 1,801% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €220k | €163k | €172k | €173k | ▲ 0.1% |
| Fixed assets21/28 | €1k | €1k | €959 | €0 | ▼ 100.0% |
| Tangible fixed assets22/27 | €1k | €1k | €959 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | €1k | €1k | €959 | €0 | ▼ 100.0% |
| Current assets29/58 | €218k | €162k | €172k | €173k | ▲ 0.7% |
| Amounts receivable after more than one year29 | €207k | - | - | - | - |
| Other amounts receivable291 | €207k | - | - | - | - |
| Amounts receivable within one year40/41 | €10k | €162k | €171k | €171k | = |
| Trade receivables40 | €2k | €8k | €5k | €5k | ▲ 0.9% |
| Other amounts receivable41 | €8k | €154k | €166k | €166k | = |
| Cash at bank and in hand54/58 | €2k | €246 | €237 | €1k | ▲ 469% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €220k | €163k | €172k | €173k | ▲ 0.1% |
| Equity10/15 | €117k | €84k | €76k | €122k | ▲ 60.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | = |
| Reserves13 | €94k | €94k | €94k | €63 | ▼ 99.9% |
| Non-distributable reserves130/1 | €63 | €63 | €63 | €63 | = |
| Legal reserve130 | €63 | €63 | €63 | €63 | = |
| Tax-exempt reserves132 | €94k | €94k | €94k | - | - |
| Profit (loss) carried forward14 | €-39k | €-72k | €-80k | €60k | ▲ 174% |
| Provisions and deferred taxes16 | €49k | €49k | €49k | - | - |
| Deferred taxes168 | €49k | €49k | €49k | - | - |
| Amounts payable17/49 | €54k | €31k | €48k | €51k | ▲ 5.3% |
| Amounts payable after more than one year17 | €15k | - | - | €705 | - |
| Financial debts170/4 | €15k | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €705 | - |
| Amounts payable within one year42/48 | €39k | €31k | €48k | €50k | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | - | €16k | €15k | - | - |
| Trade debts44 | €75 | €4k | €6k | €7k | ▲ 7.3% |
| Suppliers440/4 | €75 | €4k | €6k | €7k | ▲ 7.3% |
| Taxes, remuneration and social security45 | €67 | €67 | €67 | €67 | = |
| Taxes450/3 | €67 | €67 | €67 | €67 | = |
| Other amounts payable47/48 | €39k | €11k | €27k | €43k | ▲ 60.7% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-33k | €-8k | €46k | ▲ 659% |
| + Depreciation and write-downs630 | €240 | €260 | €240 | - | - |
| Operating cash flow (approximation) | €-2k | €-33k | €-8k | €46k | ▲ 676% |
| Investment in fixed assets (approximation) | - | €0 | €-20 | €959 | ▲ 4,897% |
| Change in cash | - | €-1k | €-9 | €1k | ▲ 12,032% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
06-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 30-06-2026
2025
12-05
KBO administration
Address struck
2024
13-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 07-03-2024
2023
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 176 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 541 days late
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 598 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 964 days late
31-01
Financial
Back to profitnet €46k
Net result €46k after 3 loss-making years.
31-01
Financial
Equity above €100kEq €122k ▲60.9%
Equity rises from €76k to €122k.
2020
31-01
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
2019
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 245 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2014
26-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Antwerpen
Ground area
261 m²
Building footprint
261 m²
Volume, LiDAR
4,112 m³
Parcel 11811L3838/00N000, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
237
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3838/00N000 | Flanders | 261 m² | 1 · 261 m² | 22.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE TERMOTE COCKERILLKAAI 18,
2000 ANTWERPEN 1 |
07-03-2024 → 30-06-2026 |
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,349 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-03-2001
Fiscal year end31-01
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
E-mail
convertnv@gmail.com
Phone
032937275
Scores and ratios are computed by Checked and are not a credit decision.