CONVERSION WORKS
Dissolution or liquidationSummary
The KBO register records for CONVERSION WORKS the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €145,581 and a net result of €74,501.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
Financials · fiscal year 2020, abbreviated schema
Equity
€145,581▲ 105%
2019 · €71,080
Total assets
€1.6m▲ 7.5%
2019 · €1.5m
Net result
€74,501
2019 · -€52,582
Working capital
-€4,310▲ 97.4%
2019 · -€168,476
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€85,797--€17,480€112,427
Net result€56,331--€52,582€74,501
Equity€123,662-€71,080▼ 42.5%€145,581▲ 105%
Total assets€1.4m-€1.5m▲ 7.0%€1.6m▲ 7.5%
Debt€1.2m-€1.4m▲ 12.0%€1.4m▲ 2.6%
Working capital€94,006--€168,476-€4,310▲ 97.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €112,427 after a loss of €17,480 in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.1m ▲ 3.3%
Current assets
€473,968 ▲ 18.8%
Equity and liabilities €1.6m
Equity
€145,581 ▲ 105%
Debt
€1.4m ▲ 2.6%
Debt's share of the balance-sheet total falls from 95.1% to 90.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€208,482▲
2019 · €89,074
Cash flow
€170,557▲
2019 · €53,972
Current ratio
0.99▲
2019 · 0.70
Quick ratio
0.91▲
2019 · 0.65
Debt to equity
6.46▼
2019 · 11.54
ROE
51.2%▲
2019 · -74.0%
ROA
4.7%▲
2019 · -3.6%
Debt ≤ 1 year
€478,278▼
2019 · €567,306
Debt > 1 year
€940,647▲
2019 · €819,931
Income taxes
€347▼
2019 · €459
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101,279 | €106,554 | €96,056 | ▼ 9.9% |
| Gross operating margin9900 | €187,823 | €171,852 | €262,027 | ▲ 52.5% |
| Operating profit (loss)9901 | €85,797 | -€17,480 | €112,427 | ▲ 743% |
| Recurring financial income75 | €2,127 | €70 | €128 | ▲ 82.5% |
| Recurring financial charges65 | €30,716 | €34,714 | €37,707 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €57,207 | -€52,123 | €74,848 | ▲ 244% |
| Income taxes67/77 | €876 | €459 | €347 | ▼ 24.3% |
| Profit (loss) for the period9904 | €56,331 | -€52,582 | €74,501 | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | €56,331 | -€52,582 | €74,501 | ▲ 242% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.4m | €1.5m | €1.6m | ▲ 7.5% |
| Fixed assets21/28 | €752,286 | €1.1m | €1.1m | ▲ 3.3% |
| Tangible fixed assets22/27 | €752,286 | €1.1m | €1.1m | ▲ 3.3% |
| Current assets29/58 | €611,471 | €398,830 | €473,968 | ▲ 18.8% |
| Stocks and contracts in progress3 | €6,329 | €32,272 | €37,702 | ▲ 16.8% |
| Amounts receivable within one year40/41 | €439,365 | €331,379 | €419,401 | ▲ 26.6% |
| Cash at bank and in hand54/58 | €164,424 | €34,234 | €10,601 | ▼ 69.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €1.6m | ▲ 7.5% |
| Equity10/15 | €123,662 | €71,080 | €145,581 | ▲ 105% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €147,541 | €147,541 | €147,541 | = |
| Profit (loss) carried forward14 | -€42,479 | -€95,060 | -€20,560 | ▲ 78.4% |
| Amounts payable17/49 | €1.2m | €1.4m | €1.4m | ▲ 2.6% |
| Amounts payable after more than one year17 | €719,838 | €819,931 | €940,647 | ▲ 14.7% |
| Amounts payable within one year42/48 | €517,465 | €567,306 | €478,278 | ▼ 15.7% |
| Trade debts44 | €148,060 | €177,455 | €130,001 | ▼ 26.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,331 | -€52,582 | €74,501 | ▲ 242% |
| + Depreciation and write-downs630 | €101,279 | €106,554 | €96,056 | ▼ 9.9% |
| Operating cash flow (approximation) | €157,610 | €53,972 | €170,557 | ▲ 216% |
| Investment in fixed assets (approximation) | - | -€414,862 | -€130,934 | ▲ 68.4% |
| Change in cash | - | -€130,190 | -€23,633 | ▲ 81.8% |
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
2023
26-04
Bankruptcy
Judicial dissolution, liquidator appointed
Ondernemingsrechtbank Brussel · liquidator: De Ridder Christine · event 21-04-2023
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 198 days late
2020
31-12
Financial
Back to profitnet €74,501
Net result €74,501 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €145,581 ▲105%
Equity rises from €71,080 to €145,581.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet -€52,582
Net result drops to -€52,582, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 108 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
08-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
03-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 64 days late
2012
29-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Halle · 1 establishment unit since 2008
Ground area
1,037 m²
Building footprint
57 m²
Volume, LiDAR
1,180 m³
Parcel 23043B0212/00B000, Flanders · tallest building 23.7 m, ±8 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CONVERSION WORKS
since 20082.170.159.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23043B0212/00B000 | Flanders | 1,037 m² | 1 · 57 m² | 23.7 m · 8 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-03-2008
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.