Convadari
ActiveConvadari has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.43M and a net result of €349k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 2916 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
94
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▲+3
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420k at 30 days acceptable
Liquidity ample (current ratio 18.61 against 19.32 in 2023), and 1.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
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 2024Solvency, return and age of the figures
Solvency
98.2%
Return on assets
7.7%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
50 d early
2022
47 d early
2021
53 d early
2020
57 d early
2019
51 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€4.43M▲ 8.6%
2023 · €4.08M
2018: €3.01M
2019: €3.32M
2020: €3.34M
2021: €3.73M
2022: €3.79M
2023: €4.08M
2018 → 2024
Total assets
€4.51M▲ 9.0%
2023 · €4.14M
2018: €3.16M
2019: €3.41M
2020: €3.35M
2021: €3.77M
2022: €3.85M
2023: €4.14M
2018 → 2024
Net result
€349k▲ 20.3%
2023 · €290k
2018: €2.22M
2019: €315k
2020: €20k
2021: €383k
2022: €68k
2023: €290k
2018 → 2024
Working capital
€1.43M▲ 32.5%
2023 · €1.08M
2018: €5k
2019: €320k
2020: €341k
2021: €723k
2022: €791k
2023: €1.08M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.34M-€3.73M▲ 11.4%€3.79M▲ 1.8%€4.08M▲ 7.7%€4.43M▲ 8.6%
Operating result€27k-€28k▲ 3.7%€100k▲ 262%€158k▲ 57.3%€158k=
Net result€20k-€383k▲ 1,794%€68k▼ 82.2%€290k▲ 326%€349k▲ 20.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 0% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.51M
Fixed assets
€3.01M=
Current assets
€1.51M▲ 32.7%
Equity and liabilities €4.51M
Equity
€4.43M▲ 8.6%
Debt
€81k▲ 37.8%
The debt ratio rises from 1.4% to 1.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€160k▲
2023 · €159k
Cash flow
€351k▲
2023 · €291k
Solvency
98.2%▼
2023 · 98.6%
Current ratio
18.61▼
2023 · 19.32
Quick ratio
18.61▼
2023 · 19.32
Debt / equity
0.02▲
2023 · 0.01
ROE
7.9%▲
2023 · 7.1%
ROA
7.7%▲
2023 · 7.0%
Interest coverage
40.95▼
2023 · 185.65
Debt
€81k▲
2023 · €59k
Debt ≤ 1 year
€81k▲
2023 · €59k
Income taxes
€80k▲
2023 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.14M€4.51M▲
Fixed assets21/28€3.01M€3.01M=
Tangible fixed assets22/27€6k€5k▼
Furniture and vehicles24€6k€5k▼
Financial fixed assets28€3.00M€3.00M=
Current assets29/58€1.14M€1.51M▲
Amounts receivable within one year40/41€17k€17k▼
Trade receivables40€17k€17k=
Other amounts receivable41€69-
Current investments50/53€943k€1.17M▲
Cash at bank and in hand54/58€176k€326k▲
Deferred charges and accrued income490/1€197€197=
Equity and liabilities
Total equity and liabilities10/49€4.14M€4.51M▲
Equity10/15€4.08M€4.43M▲
Contributions10/11€165k€165k=
Reserves13€3.92M€4.27M▲
Distributable reserves133€3.92M€4.27M▲
Amounts payable17/49€59k€81k▲
Amounts payable within one year42/48€59k€81k▲
Trade debts44€274€375▲
Suppliers440/4€274€375▲
Taxes, remuneration and social security45€58k€80k▲
Taxes450/3€58k€80k▲
Other amounts payable47/48€386€223▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€876€2k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€160k€161k▲
Operating profit (loss)9901€158k€158k=
Financial income75/76B€202k€275k▲
Recurring financial income75€202k€275k▲
Financial charges65/66B€855€4k▲
Recurring financial charges65€855€4k▲
Profit (loss) for the period before taxes9903€359k€429k▲
Income taxes67/77€69k€80k▲
Profit (loss) for the period9904€290k€349k▲
Profit (loss) for the period to be appropriated9905€290k€349k▲
Appropriation of the result
Profit (loss) to be appropriated9906€290k€349k▲
Transfer to equity691/2€290k€349k▲
To other reserves6921€290k€349k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €20k ▼93.6%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 6current ratio 30.09
Current ratio from 4.79 to 30.09; short-term debt falls from €84k to €12k.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 5current ratio 4.79
Current ratio from 1.04 to 4.79; short-term debt falls from €157k to €84k.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Turnhout · 1 establishment unit since 2014
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.
Gust Hensstraat 42300 TurnhoutGround area
506 m²
Building footprint
251 m²
Volume, LiDAR
1,660 m³
Parcel 13452N0394/00P000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Convadari
since 20142.236.358.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452N0394/00P000 | Flanders | 506 m² | 1 · 251 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450092E5B4B6FD7409
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Of 1,018 companies in sector 69103 we hold annual accounts for 610. 211 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-11-2014
Fiscal year end31-12
Activities, NACEBEL
69103Activities of bailiffs
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.