CONVODENT
ActiveSummary
CONVODENT has been active since 1968 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries. The 2025 annual accounts show equity of €189,800 and a net result of €4,018. Equity has been stable since 2019 (±2.2% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-11-1968 Normal situation
- Activity
- No activity registered in the KBO
- Establishment units
- 2.028.102.922 9000 Gent, since 01-10-1985
- 2.305.651.693 9820 Merelbeke-Melle, since 01-09-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 05-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 30-06-2025
- Turnover
- €81,722
- ▲ 22.9%
- Profit
- €4,018
- ▲ 11×
- Equity
- €189,800
- ▲ 2.2%
- Total assets
- €251,352
- ▲ 27.1%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises risk2 of the last 3 accounts latelowers riskFounded in 1968Size: turnover €81,722, total assets €251,352Equity €189,800 (75.5% of total assets)Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 59% of micro companies without a NACE code
Financial strength · tick: 2024
Strong
Solvency
100=
equity 75.5% of total assets
Liquidity
57-1
short-term debt 24.5% · cash 13.0%
Profitability
41-38
return on assets 1.6%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.1%
01-2025: 8.5%▲ +2.4 percentage points vs 12-2024
02-2025: 2.5%▼ -6.0 percentage points vs 01-2025
03-2025: 2.4%▼ -0.1 percentage points vs 02-2025
04-2025: 3.4%▲ +1.0 percentage point vs 03-2025
05-2025: 3.2%▼ -0.2 percentage points vs 04-2025
06-2025: 4.4%▲ +1.2 percentage points vs 05-2025
07-2025: 8.2%▲ +3.8 percentage points vs 06-2025
08-2025: 8.2%● unchanged vs 07-2025
09-2025: 8.7%▲ +0.5 percentage points vs 08-2025highest value
10-2025: 0.7%▼ -8.0 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.2%▼ -0.5 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026lowest value
05-2026: 0.2%● unchanged vs 04-2026lowest value
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.05 (5.96 in 2024), above the usual 1.5. Short-term debt is 24.5% and cash 13% of total assets. 24.5% of the assets are financed with debt and provisions.
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, micro). It does better than 81% of them on solvency, 54% on liquidity, 32% on profitability and 69% 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €189,800
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 24-11-2025, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
68 days early
2024
225 days late
2023
333 days late
2022
698 days late
2021
1063 days late
2020
1415 days late
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 527 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 2 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Accounts not filedStrikeout withdrawn
Searched, nothing found (1)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 December (4 of the last 5 accounts filed within 401 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end03-11-2026 today31-01-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-11-2025 PDF all 44 filings
Turnover
€81,722▲ 22.9%
2024 · €66,472
EBIT margin
47.4%▲ 44.2pp
2024 · 3.2%
Net result
€4,018▲ 11×
2024 · €350
Working capital
€64,501▲ 8.7%
2024 · €59,330
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€81,722
▲ 22.9%
2025
20192025
Operating result
€38,761
▲ 18×
2025
20192025
Net result
€4,018
▲ 11×
2025
20192025
EBIT margin
47.4%
▲ 44.2pp
2025
20192025
Equity
€189,800
▲ 2.2%
2025
20192025
Total assets
€251,352
▲ 27.1%
2025
20192025
Debt
€61,553
▲ 414%
2025
20192025
Working capital
€64,501
▲ 8.7%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€66,472€81,722▲ 22.9%
Operating result-€18,061--€13,939▲ 22.8%-€12,158▲ 12.8%-€8,678▲ 28.6%-€9,267▼ 6.8%€2,154€38,761▲ 18×
Net result-€18,100--€17,999▲ 0.6%-€15,982▲ 11.2%-€12,457▲ 22.1%-€13,248▼ 6.3%€350€4,018▲ 11×
EBIT margin3.2%47.4%▲ 44.2pp
Equity€139,273-€121,274▼ 12.9%€105,292▼ 13.2%€92,835▼ 11.8%€79,587▼ 14.3%€185,781▲ 133%€189,800▲ 2.2%
Total assets€255,912-€252,255▼ 1.4%€224,632▼ 11.0%€194,699▼ 13.3%€167,338▼ 14.1%€197,755▲ 18.2%€251,352▲ 27.1%
Debt€116,639-€130,981▲ 12.3%€119,340▼ 8.9%€101,864▼ 14.6%€87,751▼ 13.9%€11,973▼ 86.4%€61,553▲ 414%
Working capital-€43,482--€97,388▼ 124%-€88,702▲ 8.9%-€76,831▲ 13.4%-€65,811▲ 14.3%€59,330€64,501▲ 8.7%
The operating result for 2025 is 18 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €251,352
Fixed assets
€125,299 ▼ 0.9%
Current assets
€126,053 ▲ 76.8%
Equity and liabilities €251,352
Equity
€189,800 ▲ 2.2%
Debt
€61,553 ▲ 414%
Debt's share of the balance-sheet total rises from 6.1% to 24.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.05▼
2024 · 5.96
Debt to equity
0.32▲
2024 · 0.06
ROE
2.1%▲
2024 · 0.2%
ROA
1.6%▲
2024 · 0.2%
Debt ≤ 1 year
€61,553▲
2024 · €11,973
Income taxes
€30,635
Customer credit
34 days▲
2024 · 29 days
Supplier credit
14 days▲
2024 · 4 days
Staff costs
€926▲
2024 · -€3,507
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,924 | - |
| Depreciation and write-downs of the year | €24,345 | €24,345 | €24,345 | €24,732 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €66,472 | €81,722 | ▲ 22.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €39,005 | €37,277 | ▼ 4.4% |
| Remuneration, social security and pensions62 | - | €12,650 | €13,347 | €12,951 | €4,315 | -€3,507 | €926 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,224 | €26,474 | €24,345 | €24,345 | €24,345 | €24,732 | - | - |
| Other operating charges640/8 | - | €720 | €1,887 | €1,771 | €1,557 | €4,087 | €4,758 | ▲ 16.4% |
| Gross operating margin9900 | -€2,868 | €25,905 | €27,421 | €30,389 | €20,950 | €27,466 | €44,445 | ▲ 61.8% |
| Operating profit (loss)9901 | -€18,061 | -€13,939 | -€12,158 | -€8,678 | -€9,267 | €2,154 | €38,761 | ▲ 18× |
| Financial income75/76B | - | - | - | - | - | €160 | €4 | ▼ 97.5% |
| Recurring financial income75 | - | - | - | - | - | €160 | €4 | ▼ 97.5% |
| Financial charges65/66B | - | €4,060 | €3,824 | €3,779 | €3,981 | €1,964 | €4,111 | ▲ 109% |
| Recurring financial charges65 | €39 | €4,060 | €3,824 | €3,779 | €3,981 | €1,964 | €723 | ▼ 63.2% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €3,389 | - |
| Profit (loss) for the period before taxes9903 | -€18,100 | -€17,999 | -€15,982 | -€12,457 | -€13,248 | €350 | €34,654 | ▲ 99× |
| Income taxes67/77 | - | - | - | - | - | - | €30,635 | - |
| Profit (loss) for the period9904 | -€18,100 | -€17,999 | -€15,982 | -€12,457 | -€13,248 | €350 | €4,018 | ▲ 11× |
| Profit (loss) for the period to be appropriated9905 | -€18,100 | -€17,999 | -€15,982 | -€12,457 | -€13,248 | €350 | €4,018 | ▲ 11× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €255,912 | €252,255 | €224,632 | €194,699 | €167,338 | €197,755 | €251,352 | ▲ 27.1% |
| Fixed assets21/28 | €182,755 | €222,681 | €198,336 | €173,991 | €149,646 | €126,451 | €125,299 | ▼ 0.9% |
| Tangible fixed assets22/27 | €182,755 | €222,533 | €198,188 | €173,843 | €149,498 | €126,303 | €125,150 | ▼ 0.9% |
| Land and buildings22 | - | €222,533 | €198,188 | €173,843 | €149,498 | €125,150 | €125,150 | = |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,153 | - | - |
| Financial fixed assets28 | - | €148 | €148 | €148 | €148 | €149 | €149 | = |
| Current assets29/58 | €73,158 | €29,574 | €26,296 | €20,708 | €17,692 | €71,304 | €126,053 | ▲ 76.8% |
| Stocks and contracts in progress3 | €66,253 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | - | - | €58,383 | €93,346 | ▲ 59.9% |
| Trade receivables40 | - | - | - | - | - | €5,223 | €7,657 | ▲ 46.6% |
| Other amounts receivable41 | - | - | - | - | - | €53,160 | €85,689 | ▲ 61.2% |
| Current investments50/53 | - | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €5,705 | €28,374 | €25,547 | €20,221 | €17,323 | €12,920 | €32,707 | ▲ 153% |
| Deferred charges and accrued income490/1 | - | €1,200 | €749 | €487 | €369 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €255,912 | €252,255 | €224,632 | €194,699 | €167,338 | €197,755 | €251,352 | ▲ 27.1% |
| Equity10/15 | €139,273 | €121,274 | €105,292 | €92,835 | €79,587 | €185,781 | €189,800 | ▲ 2.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | €331,856 | €331,856 | €331,856 | €331,856 | €331,856 | €331,856 | = |
| Reserves13 | €37,965 | €37,965 | €37,965 | €37,965 | €37,965 | €66,145 | €37,965 | ▼ 42.6% |
| Non-distributable reserves130/1 | - | €37,965 | €37,965 | €37,965 | €37,965 | €37,965 | €37,965 | = |
| Legal reserve130 | - | €1,446 | €1,446 | €1,446 | €1,446 | €1,446 | €1,446 | = |
| Reserves not available under the articles1311 | - | €17,174 | €17,174 | €17,174 | €17,174 | €17,174 | €36,520 | ▲ 113% |
| Other1319 | - | €19,345 | €19,345 | €19,345 | €19,345 | €19,345 | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | €28,180 | - | - |
| Profit (loss) carried forward14 | -€292,549 | -€310,547 | -€326,529 | -€338,986 | -€352,234 | -€274,220 | -€242,022 | ▲ 11.7% |
| Amounts payable17/49 | €116,639 | €130,981 | €119,340 | €101,864 | €87,751 | €11,973 | €61,553 | ▲ 414% |
| Amounts payable within one year42/48 | €116,639 | €126,962 | €114,998 | €97,539 | €83,503 | €11,973 | €61,553 | ▲ 414% |
| Trade debts44 | €103 | €14,903 | €12,741 | €6,842 | €7,937 | €421 | €1,466 | ▲ 248% |
| Suppliers440/4 | - | €14,903 | €12,741 | €6,842 | €7,937 | €421 | €1,466 | ▲ 248% |
| Taxes, remuneration and social security45 | - | €1,758 | €6,734 | €12,843 | €14,143 | €11,153 | €24,686 | ▲ 121% |
| Taxes450/3 | - | €1,758 | €6,734 | €12,843 | €14,143 | €11,153 | €24,686 | ▲ 121% |
| Other amounts payable47/48 | - | €110,301 | €95,523 | €77,854 | €61,423 | €400 | €35,400 | ▲ 89× |
| Accrued charges and deferred income492/3 | - | €4,019 | €4,342 | €4,325 | €4,248 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,100 | -€17,999 | -€15,982 | -€12,457 | -€13,248 | €350 | €4,018 | ▲ 11× |
| + Depreciation and write-downs630 | €13,224 | €26,474 | €24,345 | €24,345 | €24,345 | €24,732 | - | - |
| Operating cash flow (approximation) | -€4,876 | €8,475 | €8,363 | €11,888 | €11,097 | €25,082 | €4,018 | ▼ 84.0% |
| Investment in fixed assets (approximation) | - | -€66,400 | €0 | €0 | €0 | -€1,537 | €1,153 | - |
| Change in cash | - | €22,669 | -€2,827 | -€5,326 | -€2,898 | -€4,403 | €19,787 | - |
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, 17,041 companies had the same profile as CONVODENT has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CONVODENT itself: 0.2% within 12 months.
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 17,041 companies, not a prediction for CONVODENT. 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 44 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 24-11-2025 | 2025-00569563 | |
| 30-06-2024 | micro format | 13-09-2025 | 2025-00490707 | |
| 30-06-2023 | micro format | 29-12-2024 | 2025-00630620 | |
| 30-06-2022 | micro format | 29-12-2024 | 2024-00628443 | |
| 30-06-2021 | micro format | 29-12-2024 | 2024-00628196 | |
| 30-06-2020 | micro format | 16-12-2024 | 2024-00620311 | |
| 30-06-2019 | micro format | 21-02-2020 | 2020-05400402 | |
| 30-06-2018 | micro format | 07-02-2019 | 2019-04800021 | |
| 30-06-2017 | micro format | 23-05-2018 | 2018-13500031 | |
| 30-06-2016 | abbreviated format | 21-03-2017 | 2017-06700549 |
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2025
24-11
micro format · 68 days before the deadline
13-09
micro format · 225 days late
30-06
Financial
Highest result from 2019 to 2025net €4,018 ▲1,048%
The operating result of €38,761 and the net result of €4,018 are both a record.
17-01
KBO administration
Strikeout withdrawn
2024
29-12
micro format · 333 days late
29-12
micro format · 698 days late
29-12
micro format · 1063 days late
16-12
micro format · 1415 days late
30-06
Financial
Back to profitnet €350
The net result is €350, after 5 loss-making years.
30-06
Financial
Liquidity more than 28 timescurrent ratio 5.96
The current ratio rises from 0.21 to 5.96. Short-term debt falls from €83,503 to €11,973.
30-06
Financial
Equity above €150,000equity €185,781 ▲133%
Equity rises from €79,587 to €185,781.
01-03
KBO administration
Accounts not filed
event 19-02-2024
Show earlier events
2020
21-02
micro format · 21 days late
2019
07-02
micro format · 7 days late
2018
23-05
micro format · 112 days late
2017
21-03
abbreviated format · 49 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CONVODENT in Dutch
Enterprise number
0406.429.802
Legal form
Public limited company
Status
Active, normale toestand
Founded
16-11-1968
Entity type
Legal entity
Registered office and establishments
Registered office
Hubert Frère-Orbanlaan 300, 9000 Gent, Belgium
Establishment units
Hubert Frère-Orbanlaan 300, 9000 Gent since 01-10-1985 · unit number 2.028.102.92269109 Other legal services
Convodent, Hundelgemsesteenweg 71, 9820 Merelbeke-Melle since 01-09-2020 · unit number 2.305.651.69347761 Retail sale of flowers, plants, seeds and fertilisers
Invoicing and payment
VAT number
BE 0406.429.802
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1,075 m²
Building footprint
842 m²
Building volume
11,047 m³
Tallest building: 29.7 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44804D2878/00G000 | Flanders | 673 m² | 1 · 596 m² | 29.7 m · 8 |
| 44043A0146/00D005 | Flanders | 402 m² | 1 · 246 m² | 10.4 m · 2 |