Equity
Convolve paid out €150,000 in dividends. That is 2,125% of the 2025 profit.
Convolve paid out €150,000 in dividends. That is 2,125% of the 2025 profit.
The result fell in 2025: different schema filed.
In 2025, nobody joined and 2 people left.
Convolve pays its suppliers 62 days later than in 2024. Customers pay 11 days later.
Short-term debts fell from €177,126 to €167,826.
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 62, micro). It does better than 39% of them on solvency, 10% on liquidity, 18% on profitability and 9% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 2,546 companies had the same profile as Convolve has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Convolve itself is lower: 0.4% within 12 months. It rests on far more data about Convolve than the profile alone.
The method was tested on the 497,447 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 2,546 companies, not a prediction for Convolve. 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.
Liquidity is ample, with a current ratio of 2.0 (2.81 in 2024), above the usual 1.5. Short-term debt is 49.6% and cash 1.4% of total assets. However, 54.9% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 11 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Convolve Kontich | €624,414 | 2.0% | 45.1% | 1.7 |
| CONSAFE LOGISTICS Brussels | - | - | 0.6% | 1.3 |
| TheValueChain HXM Kontich | €762,482 | -15.2% | 5.3% | 3.9 |
| MijnPerceel Brecht | - | - | -64.9% | 3 |
| ElmosData Mechelen | - | - | 37.3% | 1.9 |
| Thecreators Ostend | - | - | 15.0% | 2.2 |
| Quarian Mont-Saint-Guibert | €656,637 | 41.4% | 82.8% | 3 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Convolve: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €289,000 and €478,000, founded between 2022 and 2023.
Convolve has existed since 2023. Turnover fell from €1.8m in 2024 to €624,414 in 2025 and staff from 3.6 to 1.7 full-time equivalents. The accounts now follow the full format, last year the abbreviated format.
Solvency fell in 2025 from 58.2% to 45.1% because of the dividend.
OECO Groep holds 80% of the shares. In February 2023, the Official Gazette published the appointment of De Cronos Groep as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 56% of 1,691 companies in 2025.
Higher than 60% of 1,658 companies in 2025.
Higher than 44% of 1,673 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 2 people left.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
338,062 | 507,453 | |
21/28 |
2,379 | 9,798 | |
22/27 |
2,379 | 9,798 | |
23 |
1,897 | 8,958 | |
24 |
482 | 840 | |
29/58 |
335,683 | 497,655 | |
40/41 |
330,132 | 466,545 | |
40 |
50,463 | 88,679 | |
41 |
279,669 | 377,866 | |
54/58 |
4,649 | 28,127 | |
490/1 |
903 | 2,983 | |
| Balance sheet: equity and liabilities | |||
10/49 |
338,062 | 507,453 | |
10/15 |
152,386 | 295,327 | |
10/11 |
62,000 | 62,000 | |
10 |
62,000 | 62,000 | |
100 |
62,000 | 62,000 | |
13 |
90,300 | 233,200 | |
130/1 |
6,200 | 6,200 | |
130 |
6,200 | 6,200 | |
133 |
84,100 | 227,000 | |
14 |
86 | 127 | |
17/49 |
185,676 | 212,126 | |
42/48 |
167,826 | 177,126 | |
44 |
124,172 | 97,276 | |
440/4 |
124,172 | 97,276 | |
45 |
43,653 | 79,850 | |
450/3 |
39,053 | 62,984 | |
454/9 |
4,600 | 16,866 | |
492/3 |
17,850 | 35,000 | |
| Income statement | |||
70 |
624,414 | 1.8m | |
9900 |
128,310 | 624,375 | |
60/61 |
498,289 | 1.2m | |
62 |
108,347 | 291,439 | |
630 |
3,986 | 7,293 | |
640/8 |
1,496 | 2,195 | |
66A |
2,005 | - | |
9901 |
12,475 | 323,449 | |
75/76B |
4,863 | 1,172 | |
75 |
4,863 | 1,172 | |
65/66B |
6,593 | 6,418 | |
65 |
6,593 | 6,418 | |
9903 |
10,745 | 318,204 | |
67/77 |
3,686 | 84,876 | |
9904 |
7,059 | 233,327 | |
9905 |
7,059 | 233,327 | |
| Appropriation of the result | |||
9906 |
7,186 | 233,327 | |
14P |
127 | - | |
791/2 |
150,000 | - | |
691/2 |
7,100 | 233,200 | |
6920 |
- | 6,200 | |
6921 |
7,100 | 227,000 | |
694/7 |
150,000 | - | |
694 |
150,000 | - | |
| Social balance sheet | |||
9087 |
1.7 | 3.6 | |
Hours worked1013 |
3,036 | 6,527 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 16,461 | 330,741 | ||
| 11,046 | 240,620 | ||
| -3,433 | 15,927 | ||
| -23,478 | - | ||
| 167,858 | 320,529 | ||
| 2.0% | 17.8% | ||
| 45.1% | 58.2% | ||
| 2.00 | 2.81 | ||
| 1.22 | 0.72 | ||
| 4.6% | 79.0% | ||
| 2.1% | 46.0% | ||
| 2.50 | 51.54 | ||
| 29 days | 18 days | ||
| 91 days | 29 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 3 |
| full-time | 1 | 3 |
| in full-time equivalents | 1 | 3 |
| 1.7 | 3.6 | |
| On a permanent contract | 1 | 3 |
| Joined | 0 | 2 |
| Left | 2 | 1 |
| Training hours | - | 20 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €15,927 |
| €3,986 | €7,293 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 96% lower than in 2024.
Debt's share of the balance-sheet total rises from 41.8% to 54.9%. Equity and debt are lower.
1. De vennootschap wordt in en buiten rechte rechtsgeldig verbonden door de enige bestuurder. 2. Binnen de grenzen van het dagelijks bestuur wordt de vennootschap ook in en buiten rechte geldig vertegenwoordigd door de dagelijks bestuurder(s) die alleen handelen. 3. Bovendien wordt de vennootschap rechtsgeldig verbonden door bijzondere gevolmachtigden binnen de perken van de hun verleende volmacht. 4. In alle akten die de vennootschap verbinden, moet onmiddellijk voor of na de handtekening van de persoon die de vennootschap vertegenwoordigt, worden vermeld in welke hoedanigheid hij optreedt. 5. Wanneer de vennootschap zelf een mandaat opneemt van lid van een bestuursorgaan of van dagelijks bestuurder, benoemt zij een natuurlijke persoon als vaste vertegenwoordiger die wordt belast met de uitvoering van dat mandaat in naam en voor rekening van de vennootschap.
Further up the chainDe Cronos Groep 95%Nuclys 95.22%
Source: shareholder structure in its own accounts, parent in its own accounts
Source: list of holdings in the 2025 accounts of OECO Groep. Every holding stands with its own latest accounts.
Part of the group Nuclys Group, risk and exposure| Nuclys
establishment since 21-11-2003 · founded in 2003 |
18 FTE (2025) 0861.290.318 |
| FleXSo
establishment since 23-06-2004 · founded in 2004 · group Nuclys |
116 FTE (2025) 0865.716.288 |
| CrossPoint Solutions
registered office since 14-06-2006 · founded in 2006 · group Nuclys |
12 FTE (2025) 0881.854.615 |
| Cloudar
registered office since 16-10-2014 · founded in 2014 · group Nuclys |
37 FTE (2025) 0564.763.890 |
| iRelate
registered office since 14-01-2005 · founded in 2005 · group Nuclys |
turnover €22.4m (2025) 0871.221.633 |
| Flexso Digital
registered office since 24-10-2008 · founded in 2008 · group Nuclys |
69 FTE (2025) 0807.353.863 |
| XGD
registered office since 25-07-2014 · founded in 2014 · group Nuclys |
turnover €990,900 (2025) 0557.979.137 |
| XPLORE
registered office since 10-04-1998 · founded in 1998 · group Nuclys |
23 FTE (2025) 0463.135.408 |
| HRMC
registered office since 24-01-2011 · founded in 2011 · group Nuclys |
10 FTE (2025) 0833.198.821 |
| EpicData
registered office since 26-11-2004 · founded in 2004 · group Nuclys |
43 FTE (2025) 0870.206.893 |
| Let's App via OECO Groep, no longer at Let's App · Director (not named in the articles) · deed of 29-10-2024 founded in 2020 · negative equity (2025) · group VISMA AS |
8.3 FTE (2025) |
| EpicHorizons via OECO Groep, no longer at EpicHorizons · Director · deed of 04-04-2022 No longer active · founded in 2022 · group Nuclys |
3.7 FTE (2025) |
| CLOUDFUEL via OECO Groep, no longer at CLOUDFUEL · Director · deed of 05-03-2021 No longer active · founded in 2018 · group Nuclys |
turnover €307,101 (2026) |
| HIEDA via OECO Groep, no longer at HIEDA · Director · deed of 31-01-2024 No longer active · founded in 2024 |
total assets €25,120 (2026) |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 1 February 2023, Convolve was incorporated as a public limited company by OECO Groep and two natural persons, with a starting capital of €62,000.12 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Veldkant 33 A registered office 2550 Kontich | 01-02-2023 | 2.341.850.610 |
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