CONVEX
ActiveSummary
CONVEX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €396,253 and a net result of €1,073. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 32.77 against 14.64 in 2024; short-term debt: 2.7% and cash: 47.9% of total assets), and 2.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
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
97.1%
Return on assets
0.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-12-2025, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
54 d early
2024
53 d early
2023
54 d early
2022
42 d early
2021
53 d early
2020
33 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€396,253▲ 0.3%
2024 · €395,180
Total assets
€408,101▼ 2.6%
2024 · €418,916
Net result
€1,073▼ 90.3%
2024 · €11,096
Working capital
€349,358▲ 7.9%
2024 · €323,677
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,421▼ 48.8%€35,155▼ 0.8%-€12,291€10,168-€1,671
Net result€27,002▼ 56.0%€27,954▲ 3.5%-€12,049€11,096€1,073▼ 90.3%
Equity€376,179▲ 7.0%€404,133▲ 7.4%€392,084▼ 3.0%€395,180▲ 0.8%€396,253▲ 0.3%
Total assets€395,124▲ 5.6%€422,410▲ 6.9%€400,123▼ 5.3%€418,916▲ 4.7%€408,101▼ 2.6%
Debt€18,945▼ 16.1%€18,276▼ 3.5%€8,039▼ 56.0%€23,736▲ 195%€11,848▼ 50.1%
Working capital€272,619▲ 6.5%€311,966▲ 14.4%€304,410▼ 2.4%€323,677▲ 6.3%€349,358▲ 7.9%
Staff (FTE)
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 turns negative in 2025: a loss of €1,671 after €10,168 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €408,101
Fixed assets
€47,745 ▼ 33.2%
Current assets
€360,356 ▲ 3.7%
Equity and liabilities €408,101
Equity
€396,253 ▲ 0.3%
Debt
€11,848 ▼ 50.1%
Debt's share of the balance-sheet total falls from 5.7% to 2.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,879▼
2024 · €38,306
Cash flow
€26,623▼
2024 · €39,234
Current ratio
32.77▲
2024 · 14.64
Quick ratio
20.91▲
2024 · 8.94
Debt to equity
0.03▼
2024 · 0.06
ROE
0.3%▼
2024 · 2.8%
ROA
0.3%▼
2024 · 2.6%
Interest coverage
124.47▼
2024 · 165.98
Debt ≤ 1 year
€10,998▼
2024 · €23,736
Income taxes
€2,188▲
2024 · €412
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,820 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,817 | €19,285 | €26,145 | €28,138 | €25,550 | ▼ 9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €825 | - | - | - |
| Other operating charges640/8 | - | €6,183 | €9,694 | €8,132 | €6,970 | ▼ 14.3% |
| Non-recurring operating charges66A | - | €1,282 | - | - | - | - |
| Gross operating margin9900 | €61,412 | €61,905 | €24,373 | €46,438 | €30,849 | ▼ 33.6% |
| Operating profit (loss)9901 | €35,421 | €35,155 | -€12,291 | €10,168 | -€1,671 | ▼ 116% |
| Financial income75/76B | - | €892 | €776 | €1,571 | €5,124 | ▲ 226% |
| Recurring financial income75 | €713 | €892 | €776 | €1,571 | €5,124 | ▲ 226% |
| Financial charges65/66B | - | €190 | €224 | €231 | €192 | ▼ 16.9% |
| Recurring financial charges65 | €64 | €190 | €224 | €231 | €192 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €36,071 | €35,857 | -€11,738 | €11,508 | €3,260 | ▼ 71.7% |
| Income taxes67/77 | €9,069 | €7,902 | €311 | €412 | €2,188 | ▲ 431% |
| Profit (loss) for the period9904 | €27,002 | €27,954 | -€12,049 | €11,096 | €1,073 | ▼ 90.3% |
| Profit (loss) for the period to be appropriated9905 | €27,002 | €27,954 | -€12,049 | €11,096 | €1,073 | ▼ 90.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €395,124 | €422,410 | €400,123 | €418,916 | €408,101 | ▼ 2.6% |
| Fixed assets21/28 | €103,560 | €95,168 | €87,674 | €71,503 | €47,745 | ▼ 33.2% |
| Tangible fixed assets22/27 | €103,560 | €95,168 | €87,674 | €71,503 | €47,745 | ▼ 33.2% |
| Land and buildings22 | - | €70,855 | €57,700 | €44,269 | €36,764 | ▼ 17.0% |
| Plant, machinery and equipment23 | - | - | €785 | €10,940 | €7,946 | ▼ 27.4% |
| Furniture and vehicles24 | - | €23,588 | €29,189 | €16,294 | €3,035 | ▼ 81.4% |
| Other tangible fixed assets26 | - | €725 | - | - | - | - |
| Current assets29/58 | €291,564 | €327,242 | €312,449 | €347,412 | €360,356 | ▲ 3.7% |
| Stocks and contracts in progress3 | €148,982 | €136,753 | €102,712 | €135,327 | €130,428 | ▼ 3.6% |
| Stocks30/36 | - | €136,753 | €102,712 | €135,327 | €130,428 | ▼ 3.6% |
| Amounts receivable within one year40/41 | €4,984 | €56,799 | €59,179 | €14,948 | €30,064 | ▲ 101% |
| Trade receivables40 | - | €47,197 | €58,712 | €7,086 | €30,064 | ▲ 324% |
| Other amounts receivable41 | - | €9,602 | €467 | €7,862 | - | - |
| Cash at bank and in hand54/58 | €130,824 | €128,489 | €143,200 | €189,888 | €195,482 | ▲ 2.9% |
| Deferred charges and accrued income490/1 | - | €5,200 | €7,357 | €7,250 | €4,382 | ▼ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €395,124 | €422,410 | €400,123 | €418,916 | €408,101 | ▼ 2.6% |
| Equity10/15 | €376,179 | €404,133 | €392,084 | €395,180 | €396,253 | ▲ 0.3% |
| Contributions10/11 | €205,350 | €205,350 | €205,350 | €205,350 | €205,350 | = |
| Capital10 | - | €205,350 | €205,350 | €205,350 | €205,350 | = |
| Issued capital100 | - | €205,350 | €205,350 | €205,350 | €205,350 | = |
| Reserves13 | €170,829 | €198,783 | €198,783 | €198,783 | €198,783 | = |
| Non-distributable reserves130/1 | - | €20,535 | €20,535 | €20,535 | €20,535 | = |
| Legal reserve130 | - | €20,535 | €20,535 | €20,535 | €20,535 | = |
| Tax-exempt reserves132 | - | €804 | €804 | €804 | €804 | = |
| Distributable reserves133 | - | €177,444 | €177,444 | €177,444 | €177,444 | = |
| Profit (loss) carried forward14 | €6,561 | - | -€12,049 | -€8,953 | -€7,881 | ▲ 12.0% |
| Amounts payable17/49 | €18,945 | €18,276 | €8,039 | €23,736 | €11,848 | ▼ 50.1% |
| Amounts payable within one year42/48 | €18,945 | €15,276 | €8,039 | €23,736 | €10,998 | ▼ 53.7% |
| Trade debts44 | €15,406 | €14,097 | €7,691 | €7,448 | €9,336 | ▲ 25.4% |
| Suppliers440/4 | - | €14,097 | €7,691 | €7,448 | €9,336 | ▲ 25.4% |
| Advances received on contracts in progress46 | - | - | - | €7,850 | - | - |
| Taxes, remuneration and social security45 | - | €1,180 | €311 | - | €1,060 | - |
| Taxes450/3 | - | €1,180 | €311 | - | €1,060 | - |
| Other amounts payable47/48 | - | - | €37 | €8,438 | €602 | ▼ 92.9% |
| Accrued charges and deferred income492/3 | - | €3,000 | - | - | €850 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,002 | €27,954 | -€12,049 | €11,096 | €1,073 | ▼ 90.3% |
| + Depreciation and write-downs630 | €19,817 | €19,285 | €26,145 | €28,138 | €25,550 | ▼ 9.2% |
| Operating cash flow (approximation) | €46,818 | €47,239 | €14,096 | €39,234 | €26,623 | ▼ 32.1% |
| Investment in fixed assets (approximation) | - | -€10,893 | -€18,652 | -€11,967 | -€1,792 | ▲ 85.0% |
| Change in cash | - | -€2,335 | €14,710 | €46,688 | €5,594 | ▼ 88.0% |
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
Next filing, fiscal year 2026, expected by
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Liquidity doublescurrent ratio 32.77
Current ratio from 14.64 to 32.77; short-term debt falls from €23,736 to €10,998.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €11,096
Net result €11,096 after one loss-making year.
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€12,049
Net result drops to -€12,049, the lowest in the series; recovery starts the following year.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Highest result since 2019net €61,367 ▲49.8%
Operating result €69,197, net result €61,367, both a record.
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ternat · 1 establishment unit since 2003
Ground area
5,029 m²
Building footprint
1,262 m²
Volume, LiDAR
7,467 m³
Parcel 23086A0606/00B000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CONVEX
since 20032.123.458.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0606/00B000 | Flanders | 5,029 m² | 1 · 1,262 m² | 7.2 m · 2 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.
Similar companies · same sector, comparable size
FLAMINEX
BE 0474.948.127
Tielt · Eq €375,828
V.D.M. SYSTEMS
BE 0452.125.413
Ternat · Eq €420,498
FELECON
BE 0897.461.222
Koekelare · Eq €367,503
INCOMEC
BE 0434.808.042
Brakel · Eq €356,793
JAN VIJNCKE
BE 0862.542.014
Gent · Eq €353,745
Of 127 companies in sector 28930 we hold annual accounts for 101. 77 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
Founded12-02-2003
Fiscal year end30-06
Activities, NACEBEL 2025
28930Manufacture of machinery and equipment not elsewhere classified
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479544244
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.