COMVERTIS
ActiveSummary
COMVERTIS has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191,361 and a net result of €48,857. Equity fluctuates too strongly from year to year to read a trend from it. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-11-2014 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.236.876.220 3080 Tervuren, since 19-11-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 27-04-2026
Board and ownership
- REYNTIENS CHARLOTTEDirector · since 31-05-2019
- Holdings
- Shares in 1 company GRANDIS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €5,660
- Turnover
- ≈ €38,000
- estimated
- Profit
- €48,857
- ▼ 41.0%
- Equity
- €191,361
- ▲ 31.5%
- Total assets
- €3.3m
- ▲ 19.0%
- 2025 accounts filed 13 days after the deadline
Score breakdownraises riskLiquidity: current ratio 1.01, cash €3,700, halvedLast filed accounts filed 13 days late; 1 of the last 3 accounts latelowers riskSize: total assets €3.3mNo main activity registeredShow the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 18% of them on solvency, 2% on liquidity, 45% on profitability and 88% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 13 days after the deadline Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00397023.
Annual accounts 2025 filed on 13-08-2026 at the NBB all 11 filings
Every figure per financial year
The operating result for 2025 is a profit of €4,631, after a loss of €4,914 in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,630 | - | €38,000 | €28,000 | €66,800 |
| Financial fixed assets | - | - | - | - | €8,400 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,578 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €239 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €347 | €348 | €384 | €2,062 | €1,030 | ▼ 50.1% |
| Gross operating margin9900 | -€2,208 | -€3,164 | -€3,879 | -€1,979 | €5,931 | -€1,936 | -€2,852 | €5,660 | - |
| Operating profit (loss)9901 | -€2,447 | -€3,859 | -€4,226 | -€2,326 | €5,584 | -€2,321 | -€4,914 | €4,631 | - |
| Financial income75/76B | - | - | - | €15,349 | €155,744 | - | €87,963 | €46,552 | ▼ 47.1% |
| Recurring financial income75 | - | - | - | €15,349 | €155,744 | - | €87,963 | €46,552 | ▼ 47.1% |
| Financial charges65/66B | - | - | - | €302 | €102,490 | -€33,458 | €177 | €2,325 | ▲ 13× |
| Recurring financial charges65 | €220 | €224 | €264 | €302 | €102,490 | -€33,458 | €177 | €2,325 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | -€2,667 | -€4,083 | -€4,490 | €12,721 | €58,837 | €31,137 | €82,872 | €48,857 | ▼ 41.0% |
| Profit (loss) for the period9904 | -€2,667 | -€4,083 | -€4,490 | €12,721 | €58,837 | €31,137 | €82,872 | €48,857 | ▼ 41.0% |
| Profit (loss) for the period to be appropriated9905 | -€2,667 | -€4,083 | -€4,490 | €12,721 | €58,837 | €31,137 | €82,872 | €48,857 | ▼ 41.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.03m | €0.03m | €0.5m | €0.6m | €1.2m | €1.7m | €2.8m | €3.3m | ▲ 19.0% |
| Fixed assets21/28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.07m | €0.1m | €0.2m | ▲ 76.9% |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.07m | €0.1m | €0.2m | ▲ 68.3% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.03m | €0.07m | €0.1m | €0.2m | ▲ 68.3% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €0.008m | - |
| Current assets29/58 | - | €0.001m | €0.5m | €0.6m | €1.1m | €1.6m | €2.7m | €3.1m | ▲ 16.8% |
| Amounts receivable within one year40/41 | - | - | - | - | €0.05m | - | €0.02m | €0.03m | ▲ 86.9% |
| Other amounts receivable41 | - | - | - | - | €0.05m | - | €0.02m | €0.03m | ▲ 86.9% |
| Current investments50/53 | - | - | €0.5m | €0.6m | €1.1m | €1.6m | €2.6m | €3.1m | ▲ 18.1% |
| Cash at bank and in hand54/58 | - | €0.001m | €0.007m | €0.005m | €0.001m | €0.001m | €0.04m | €0.004m | ▼ 91.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.03m | €0.03m | €0.5m | €0.6m | €1.2m | €1.7m | €2.8m | €3.3m | ▲ 19.0% |
| Equity10/15 | -€0.03m | -€0.04m | -€0.04m | -€0.03m | €0.03m | €0.06m | €0.1m | €0.2m | ▲ 31.5% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.05m | -€0.05m | -€0.06m | -€0.05m | €0.01m | €0.04m | €0.1m | €0.2m | ▲ 36.1% |
| Amounts payable17/49 | €0.06m | €0.06m | €0.6m | €0.7m | €1.1m | €1.6m | €2.6m | €3.1m | ▲ 18.3% |
| Amounts payable within one year42/48 | €0.06m | €0.06m | €0.6m | €0.7m | €1.1m | €1.6m | €2.6m | €3.1m | ▲ 18.3% |
| Trade debts44 | - | €0.002m | €0.001m | €0.001m | €0.001m | €384 | €0.001m | €0.002m | ▲ 95.7% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €384 | €0.001m | €0.002m | ▲ 95.7% |
| Other amounts payable47/48 | - | - | - | €0.7m | €1.1m | €1.6m | €2.6m | €3.1m | ▲ 18.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,667 | -€4,083 | -€4,490 | €12,721 | €58,837 | €31,137 | €82,872 | €48,857 | ▼ 41.0% |
| + Depreciation and write-downs630 | €239 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€2,428 | -€4,083 | -€4,490 | €12,721 | €58,837 | €31,137 | €82,872 | €48,857 | ▼ 41.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6,630 | €1 | -€38,000 | -€28,001 | -€75,200 | ▼ 169% |
| Change in cash | - | - | €6,317 | -€2,252 | -€3,569 | -€27 | €41,095 | -€38,412 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,448 companies had the same profile as COMVERTIS has now. Two years later, 95.6% were still going and 2.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of COMVERTIS itself is lower: 0.4% within 12 months. It rests on far more data about COMVERTIS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,448 companies, not a prediction for COMVERTIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-08-2026 | 2026-00397023 | |
| 31-12-2024 | micro format | 27-10-2025 | 2025-00551290 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00412693 | |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00322679 | |
| 31-12-2021 | full format | 28-06-2022 | 2022-20109399 | |
| 31-12-2020 | full format | 02-07-2021 | 2021-30400511 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-47700357 | |
| 31-12-2018 | micro format | 25-11-2019 | 2019-74200453 | |
| 31-12-2017 | micro format | 08-08-2018 | 2018-43900464 | |
| 31-12-2016 | micro format | 08-08-2017 | 2017-41500004 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2025Equity €15.3m Profit of €105,628 in 2025 (loss of €79.9m in 2024) Checked score 8520%
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of COMVERTIS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24302G0036/00C002 | Flanders | 2,634 m² | 1 · 290 m² | 12.5 m · 2 |