CORVA
ActiveSummary
CORVA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.99M and a net result of €227k. Equity is shrinking by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-9
Solvency56▲+2
Growth42▼-19
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.39 in 2024; short-term debt: 64.5% and cash: 19.5% of total assets), and 69.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
30.9%
Return on assets
3.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
1819202122232425
2018 to 2025 · latest year €1.99M
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
29 d late
2022
31 d early
2021
17 d early
2020
12 d early
2019
21 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€85.09M▼ 4.7%
2024 · €89.31M
2018: €49.48M
2019: €62.44M
2020: €56.43M
2021: €54.02M
2022: €66.35M
2023: €86.54M
2024: €89.31M
2018 → 2025
EBIT margin
0.6%▼ 0.6pp
2024 · 1.2%
2018: 0.5%
2019: 0.6%
2020: 0.5%
2021: 0.3%
2022: 0.9%
2023: 1.0%
2024: 1.2%
2018 → 2025
Net result
€227k▼ 71.9%
2024 · €808k
2018: €254k
2019: €253k
2020: €242k
2021: €137k
2022: €458k
2023: €592k
2024: €808k
2018 → 2025
Working capital
€1.68M▲ 12.2%
2024 · €1.50M
2018: €3.94M
2019: €4.19M
2020: €3.78M
2021: €3.34M
2022: €3.78M
2023: €953k
2024: €1.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€54.02M-€66.35M▲ 22.8%€86.54M▲ 30.4%€89.31M▲ 3.2%€85.09M▼ 4.7%
Equity€3.60M-€4.06M▲ 12.7%€951k▼ 76.6%€1.76M▲ 84.9%€1.99M▲ 12.9%
Operating result€158k-€618k▲ 291%€877k▲ 41.9%€1.04M▲ 18.1%€483k▼ 53.4%
Net result€137k-€458k▲ 234%€592k▲ 29.3%€808k▲ 36.5%€227k▼ 71.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.43M
Fixed assets
€602k ▼ 18.7%
Current assets
€5.83M ▲ 9.3%
Equity and liabilities €6.43M
Equity
€1.99M ▲ 12.9%
Provisions
€77k ▼ 60.4%
Debt
€4.37M ▲ 6.0%
Debt's share of the balance-sheet total rises from 67.8% to 67.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€501k▼
2024 · €1.05M
Cash flow
€246k▼
2024 · €826k
Current ratio
1.40▲
2024 · 1.39
Quick ratio
1.25▲
2024 · 1.15
Debt to equity
2.20▼
2024 · 2.34
ROE
11.4%▼
2024 · 45.9%
ROA
3.5%▼
2024 · 13.3%
Interest coverage
7.52▼
2024 · 10.58
Debt ≤ 1 year
€4.15M▲
2024 · €3.83M
Debt > 1 year
€153k▼
2024 · €186k
Income taxes
€114k▼
2024 · €169k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 84 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.07M€6.43M▲
Fixed assets21/28€740k€602k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€678k€540k▼
Land and buildings22€553k€536k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€120k€0▼
Financial fixed assets28€60k€60k=
Other financial fixed assets284/8€60k€60k=
Shares284€60k€60k=
Current assets29/58€5.33M€5.83M▲
Stocks and contracts in progress3€919k€632k▼
Stocks30/36€919k€632k▼
Goods purchased for resale34€919k€632k▼
Amounts receivable within one year40/41€3.94M€3.44M▼
Trade receivables40€3.71M€3.18M▼
Other amounts receivable41€234k€253k▲
Current investments50/53€146k€502k▲
Other investments51/53€146k€502k▲
Cash at bank and in hand54/58€325k€1.26M▲
Equity and liabilities
Total equity and liabilities10/49€6.07M€6.43M▲
Equity10/15€1.76M€1.99M▲
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Reserves13€1.61M€1.84M▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€106k€102k▼
Distributable reserves133€1.49M€1.72M▲
Provisions and deferred taxes16€195k€77k▼
Provisions for liabilities and charges160/5€140k€25k▼
Major repairs and maintenance162€0-
Other liabilities and charges164/5€140k€25k▼
Deferred taxes168€55k€52k▼
Amounts payable17/49€4.12M€4.37M▲
Amounts payable after more than one year17€186k€153k▼
Financial debts170/4€186k€153k▼
Credit institutions173€186k€153k▼
Amounts payable within one year42/48€3.83M€4.15M▲
Current portion of amounts payable after more than one year42€33k€33k=
Trade debts44€2.47M€2.68M▲
Suppliers440/4€2.47M€2.68M▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€1.33M€1.44M▲
Accrued charges and deferred income492/3€97k€64k▼
Income statement
Code20242025
Operating income70/76A€89.36M€85.22M▼
Turnover70€89.31M€85.09M▼
Other operating income74€36k€130k▲
Non-recurring operating income76A€17k€138▼
Operating charges60/66A€88.33M€84.74M▼
Goods for resale, raw materials and consumables60€86.20M€82.17M▼
Purchases600/8€86.16M€81.88M▼
Change in stocks: decrease (increase)609€43k€287k▲
Services and other goods61€2.42M€2.62M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-337k€-115k▲
Other operating charges640/8€23k€44k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€1.04M€483k▼
Financial income75/76B€40k€12k▼
Recurring financial income75€40k€12k▼
Income from current assets751€33k€6k▼
Other financial income752/9€7k€7k▼
Financial charges65/66B€101k€156k▲
Recurring financial charges65€101k€156k▲
Debt charges650€100k€67k▼
Other financial charges652/9€1k€90k▲
Profit (loss) for the period before taxes9903€975k€339k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€169k€114k▼
Taxes670/3€169k€114k▼
Profit (loss) for the period9904€808k€227k▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€812k€231k▼
Appropriation of the result
Profit (loss) to be appropriated9906€812k€231k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€812k€231k▼
To other reserves6921€812k€231k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €808k ▲36.5%
Operating result €1.04M, net result €808k, both a record.
31-12
Financial
Equity above €1MEq €1.76M ▲84.9%
7 profitable years in a row build equity to €1.76M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €137k ▼43.3%
Net result drops to €137k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Vleteren · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Woestenstraat(Oost) 418640 VleterenGround area
1,332 m²
Building footprint
211 m²
Parcel 33018B0294/00L002, Flanders. Linked by address, not a title deed.
1 establishment unit
CORVA NV
since 19882.039.300.977
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33018B0294/00L002 | Flanders | 1,332 m² | 1 · 211 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVleteren2.039.300.977
Legal Entity Identifier
9676001FOTJC4H233P19
Similar companies · same sector, comparable size
PALI BELGIË
BE 0408.128.488
Oud-Turnhout · Eq €1,974,415
PERNEEL
BE 0459.644.101
Staden · Eq €1,969,190
MAARTEN DRIESSEN SPORTHORSES
BE 0731.670.901
As · Eq €1,942,387
HINDRYCKX J. KALVERHANDEL
BE 0453.969.106
Ichtegem · Eq €2,032,624
COBEL
BE 0428.075.351
Ath · Eq €2,064,256
Of 946 companies in sector 46231 we hold annual accounts for 422. 229 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-06-1988
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
01462Crop and animal production, hunting and related service activities
46216Wholesale of agricultural produce and animal feed, general range
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.