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ConvEyXo

Active
Public limited companyfounded 20197 yrs activeRue Clément Ader 10, 6041 Charleroi, BelgiumKBO/BCE: BE 0725.874.259
Summary

The annual accounts of ConvEyXo for fiscal year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €1.4m and a net result of -€1.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 196 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-4
Solvency39▼-23
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.57 against 4.03 in 2024; short-term debt: 49.6% and cash: 15.7% of total assets), and 86.5% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
13.5%
Return on assets
-15.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.6m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 196 sector peers (2025).
NBB · sector comparison
Position among 196 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
2 d early
2024
2 d early
2023
15 d early
2022
3 d early
2021
30 d late
2020
on the day
2019
119 d late
← 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 18 days after the deadline; the sector median for financial year 2024 is 13 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ConvEyXo was incorporated on 30 April 2019.1 Total assets rose from EUR 155,987 in 2019 to EUR 10 million in 2025 and headcount from 1 full-time equivalents in 2022 to 3.1 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.6m▼ 69.6%
2024 · -€946,720
Working capital
-€2.2m
2024 · €2.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1.1m▼ 28.2%-€1.7m▼ 55.6%-€1.5m▲ 11.2%-€1.5m▲ 2.7%-€2.1m▼ 42.9%
Net result-€817,799below the sector's middle half▼ 32.7%-€1.4mbelow the sector's middle half▼ 72.7%-€1.1mbelow the sector's middle half▲ 22.9%-€946,720below the sector's middle half▲ 13.0%-€1.6mbelow the sector's middle half▼ 69.6%
Equity€571,613within the sector's middle half▼ 61.9%€1.8mwithin the sector's middle half▲ 217%€3.0mwithin the sector's middle half▲ 65.0%€3.0mwithin the sector's middle half▼ 0.9%€1.4mwithin the sector's middle half▼ 53.1%
Total assets€2.3mwithin the sector's middle half▼ 36.8%€3.3mwithin the sector's middle half▲ 42.7%€5.2mwithin the sector's middle half▲ 58.8%€7.9mwithin the sector's middle half▲ 51.2%€10.3mwithin the sector's middle half▲ 29.5%
Debt€1.7m▼ 19.4%€1.5m▼ 14.4%€2.3m▲ 51.2%€5.0m▲ 120%€8.9m▲ 78.6%
Working capital-€298,620below the sector's middle half€1.6mwithin the sector's middle half-€484,568below the sector's middle half€2.4mwithin the sector's middle half-€2.2mbelow the sector's middle half
Solvency24.7%within the sector's middle half▼ 16.2pp54.8%within the sector's middle half▲ 30.1pp57.0%within the sector's middle half▲ 2.2pp37.3%within the sector's middle half▼ 19.7pp13.5%below the sector's middle half▼ 23.8pp
Current ratio0.78below the sector's middle half▼ 3.913.61within the sector's middle half▲ 2.830.61below the sector's middle half▼ 3.004.03within the sector's middle half▲ 3.420.57below the sector's middle half▼ 3.47
Return on assets (ROA)-35.3%below the sector's middle half▼ 18.5pp-42.7%below the sector's middle half▼ 7.4pp-20.7%below the sector's middle half▲ 22.0pp-11.9%within the sector's middle half▲ 8.8pp-15.6%below the sector's middle half▼ 3.7pp
Staff (FTE)1below the sector's middle half1.4below the sector's middle half▲ 40.0%2.8below the sector's middle half▲ 100%3.1below the sector's middle half▲ 10.7%
above within below the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€3.0m-€2.0m-€1.0m€0Operating result 2021: -€1.1m-€1.1mNet result 2021: -€817,799-€817,799Operating result 2022: -€1.7m-€1.7mNet result 2022: -€1.4m-€1.4mOperating result 2023: -€1.5m-€1.5mNet result 2023: -€1.1m-€1.1mOperating result 2024: -€1.5m-€1.5mNet result 2024: -€946,720-€946,720Operating result 2025: -€2.1m-€2.1mNet result 2025: -€1.6m-€1.6m20212022202320242025-€3m-€2m-€1m€0Operating result 2023: -€1.5m-€1.5mNet result 2023: -€1.1m-€1.1mOperating result 2024: -€1.5m-€1.5mNet result 2024: -€946,720-€947,000Operating result 2025: -€2.1m-€2.1mNet result 2025: -€1.6m-€1.6m202320242025
The operating result stays negative: a loss of €2.1m in 2025 against €1.5m in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.3m
Fixed assets €7.4m ▲ 57.5%
Current assets €2.9m ▼ 11.2%
Equity and liabilities €10.3m
Equity €1.4m ▼ 53.1%
Debt €8.9m ▲ 78.6%
Debt's share of the balance-sheet total rises from 62.7% to 86.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€441,932▼
2024 · -€295,329
Cash flow
€90,810▼
2024 · €254,670
Debt to equity
6.40▲
2024 · 1.68
ROE
-115.6%▼
2024 · -32.0%
Interest coverage
-1.21▲
2024 · -1.80
Debt ≤ 1 year
€5.1m▲
2024 · €804,202
Debt > 1 year
€3.8m▼
2024 · €4.2m
Income taxes
€882▲
2024 · €756
Staff costs
€326,835▲
2024 · €210,624
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
6.4% went bankrupt
6.6% stopped otherwise
86% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 1,133 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet Code20242025
Assets
Total assets20/58€7.9m€10.3m▲
Fixed assets21/28€4.7m€7.4m▲
Intangible fixed assets21€4.0m€4.7m▲
Tangible fixed assets22/27€9,447€97,136▲
Plant, machinery and equipment23-€22,604
Furniture and vehicles24€9,447€25,191▲
Leasing and similar rights25-€49,341
Financial fixed assets28€696,378€2.6m▲
Current assets29/58€3.2m€2.9m▼
Amounts receivable within one year40/41€1.7m€1.3m▼
Trade receivables40€229,477€82,529▼
Other amounts receivable41€1.5m€1.2m▼
Current investments50/53€2,739-
Cash at bank and in hand54/58€1.5m€1.6m▲
Deferred charges and accrued income490/1€4,543€14,325▲
Equity and liabilities
Total equity and liabilities10/49€7.9m€10.3m▲
Equity10/15€3.0m€1.4m▼
Contributions10/11€2.8m€2.8m=
Capital10€273,887€273,887=
Issued capital100€273,887€273,887=
Outside capital11€2.5m€2.5m=
Share premium1100/10€2.5m€2.5m=
Profit (loss) carried forward14-€2.0m-€3.6m▼
Investment grants15€2.2m€2.3m▲
Amounts payable17/49€5.0m€8.9m▲
Amounts payable after more than one year17€4.2m€3.8m▼
Financial debts170/4€2.5m€2.4m▼
Other amounts payable178/9€1.6m€1.4m▼
Amounts payable within one year42/48€804,202€5.1m▲
Current portion of amounts payable after more than one year42€579€3.9m▲
Financial debts43€475,000€802,613▲
Credit institutions430/8€475,000€802,613▲
Trade debts44€282,607€362,738▲
Suppliers440/4€282,607€362,738▲
Taxes, remuneration and social security45€46,017€26,098▼
Taxes450/3€8,230€573▼
Remuneration and social security454/9€37,787€25,525▼
Income statement Code20242025
Remuneration, social security and pensions62€210,624€326,835▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.2m€1.7m▲
Other operating charges640/8€8,309€69,867▲
Gross operating margin9900-€76,396-€45,230▲
Operating profit (loss)9901-€1.5m-€2.1m▼
Financial income75/76B€714,544€898,912▲
Recurring financial income75€714,544€898,912▲
Financial charges65/66B€163,789€365,288▲
Recurring financial charges65€163,789€365,288▲
Profit (loss) for the period before taxes9903-€945,964-€1.6m▼
Income taxes67/77€756€882▲
Profit (loss) for the period9904-€946,720-€1.6m▼
Profit (loss) for the period to be appropriated9905-€946,720-€1.6m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2.0m-€3.6m▼
Profit (loss) brought forward from the previous period14P-€1.1m-€2.0m▼
Social balance
Average headcount (FTE)90872.83.1▲

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€36,666€121,746€210,624€326,835▲ 55.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€930,186€1.3m€971,069€1.2m€1.7m▲ 41.2%
Other operating charges640/8€348€2,157€5,596€8,309€69,867▲ 741%
Gross operating margin9900-€183,460-€439,175-€440,265-€76,396-€45,230▲ 40.8%
Operating profit (loss)9901-€1.1m-€1.7m-€1.5m-€1.5m-€2.1m▼ 42.9%
Financial income75/76B€320,432€336,850€461,135€714,544€898,912▲ 25.8%
Recurring financial income75€320,432€336,850€461,135€714,544€898,912▲ 25.8%
Financial charges65/66B€24,238€15,216€10,756€163,789€365,288▲ 123%
Recurring financial charges65€24,238€15,216€10,756€163,789€365,288▲ 123%
Profit (loss) for the period before taxes9903-€817,799-€1.4m-€1.1m-€945,964-€1.6m▼ 69.6%
Income taxes67/77-€167€364€756€882▲ 16.6%
Profit (loss) for the period9904-€817,799-€1.4m-€1.1m-€946,720-€1.6m▼ 69.6%
Profit (loss) for the period to be appropriated9905-€817,799-€1.4m-€1.1m-€946,720-€1.6m▼ 69.6%
Line20212022202320242025Change
Assets
Total assets20/58€2.3m€3.3m€5.2m€7.9m€10.3m▲ 29.5%
Fixed assets21/28€1.3m€1.0m€4.5m€4.7m€7.4m▲ 57.5%
Intangible fixed assets21€1.3m€975,802€2.4m€4.0m€4.7m▲ 17.9%
Tangible fixed assets22/27-€58,226€10,428€9,447€97,136▲ 928%
Plant, machinery and equipment23----€22,604-
Furniture and vehicles24-€1,126€10,428€9,447€25,191▲ 167%
Leasing and similar rights25-€57,100--€49,341-
Financial fixed assets28--€2.1m€696,378€2.6m▲ 273%
Current assets29/58€1.1m€2.3m€765,020€3.2m€2.9m▼ 11.2%
Amounts receivable within one year40/41€121,039€167,038€674,359€1.7m€1.3m▼ 26.0%
Trade receivables40--€64,801€229,477€82,529▼ 64.0%
Other amounts receivable41€121,039€167,038€609,557€1.5m€1.2m▼ 20.0%
Current investments50/53---€2,739--
Cash at bank and in hand54/58€937,947€2.1m€84,758€1.5m€1.6m▲ 4.7%
Deferred charges and accrued income490/1-€1,469€5,904€4,543€14,325▲ 215%
Equity and liabilities
Total equity and liabilities10/49€2.3m€3.3m€5.2m€7.9m€10.3m▲ 29.5%
Equity10/15€571,613€1.8m€3.0m€3.0m€1.4m▼ 53.1%
Contributions10/11€2.2m€5.2m€2.7m€2.8m€2.8m=
Capital10€93,788€223,940€271,148€273,887€273,887=
Issued capital100€93,788€223,940€271,148€273,887€273,887=
Outside capital11€2.1m€4.9m€2.5m€2.5m€2.5m=
Share premium1100/10€2.1m€4.9m€2.5m€2.5m€2.5m=
Profit (loss) carried forward14-€2.0m-€3.4m-€1.1m-€2.0m-€3.6m▼ 78.9%
Investment grants15€437,844€90,067€1.3m€2.2m€2.3m▲ 1.5%
Amounts payable17/49€1.7m€1.5m€2.3m€5.0m€8.9m▲ 78.6%
Amounts payable after more than one year17€387,012€864,096€1.0m€4.2m€3.8m▼ 9.1%
Financial debts170/4-€25,018€1.0m€2.5m€2.4m▼ 3.9%
Other amounts payable178/9€387,012€839,078-€1.6m€1.4m▼ 17.1%
Amounts payable within one year42/48€1.4m€629,038€1.2m€804,202€5.1m▲ 533%
Current portion of amounts payable after more than one year42€800,000€32,843€24,956€579€3.9m▲ 674,159%
Financial debts43--€800,000€475,000€802,613▲ 69.0%
Credit institutions430/8--€800,000€475,000€802,613▲ 69.0%
Trade debts44€546,421€590,331€407,042€282,607€362,738▲ 28.4%
Suppliers440/4€546,421€590,331€407,042€282,607€362,738▲ 28.4%
Taxes, remuneration and social security45€6,263€5,864€17,591€46,017€26,098▼ 43.3%
Taxes450/3€6,263€167€1,667€8,230€573▼ 93.0%
Remuneration and social security454/9-€5,697€15,923€37,787€25,525▼ 32.5%
Other amounts payable47/48€4,923-----
Accrued charges and deferred income492/3--€8,000---
Line20212022202320242025Change
Profit (loss) for the period9904-€817,799-€1.4m-€1.1m-€946,720-€1.6m▼ 69.6%
+ Depreciation and write-downs630€930,186€1.3m€971,069€1.2m€1.7m▲ 41.2%
Operating cash flow (approximation)€112,387-€156,532-€117,592€254,670€90,810▼ 64.3%
Investment in fixed assets (approximation)--€1.0m-€4.4m-€1.4m-€4.4m▼ 211%
Change in cash-€1.2m-€2.0m€1.5m€72,602▼ 95.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series.
29-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Liquidity times 7current ratio 4.03
Current ratio from 0.61 to 4.03; short-term debt falls from €1.2m to €804,202.
16-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Equity above €2mEq €3.0m ▲65%
Equity rises from €1.8m to €3.0m.
28-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Liquidity times 5current ratio 3.61
Current ratio from 0.78 to 3.61; short-term debt falls from €1.4m to €629,038.
31-12
Financial Equity above €1mEq €1.8m ▲217%
Equity rises from €571,613 to €1.8m.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity triplescurrent ratio 4.69
Current ratio from 1.72 to 4.69.
31-12
Financial Equity above €1mEq €1.5m
Equity rises from -€346,211 to €1.5m.
27-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts

We know of 17 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
17 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, Charleroi · 1 establishment unit since 2019
seat establishment approximate The establishment unit on the map
Ground area
7,830 m²
Parcel 52028B0295/02C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ConvEyXo
Rue Clément Ader 10, 6041 CharleroiScientific research and development
since 20192.292.026.064
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52028B0295/02C000 Wallonia 7,830 m² - -
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.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. JSMAL BioTech Consulting 100%
  2. ConvEyXo

Highest known parent: JSMAL BioTech Consulting. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 762 companies in sector 72101 we hold annual accounts for 484. 284 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
Founded30-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
72101Research and development on biotechnology
72109Other research and development on natural sciences
72200Scientific research and development
E-invoicing
Reachable via Peppol
Peppol ID 0208:0725874259
Registered 20-11-2020

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.