Corvafin is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €91k and a net result of €418k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 1423 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1423 sector peers (2024).
NBB · sector comparisonPosition among 1423 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
66 d late
2022
30 d late
2021
31 d late
2020
24 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€91k▲ 44.8%
2023 · €63k
2018: €21k
2019: €23k
2020: €26k
2021: €30k
2022: €32k
2023: €63k
2018 → 2024
Net result
€418k▲ 26.4%
2023 · €331k
2018: €272k
2019: €542k
2020: €483k
2021: €217k
2022: €292k
2023: €331k
2018 → 2024
Total assets
€778k▲ 32.2%
2023 · €589k
2018: €467k
2019: €731k
2020: €630k
2021: €367k
2022: €561k
2023: €589k
2018 → 2024
Solvency
11.7%▲ 1.0pp
2023 · 10.7%
2018: 4.5%
2019: 3.2%
2020: 4.1%
2021: 8.3%
2022: 5.7%
2023: 10.7%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€30k▲ 18.5%€32k▲ 6.1%€63k▲ 95.6%€91k▲ 44.8%
Operating result€498k-€239k▼ 52.1%€315k▲ 32.0%€359k▲ 14.0%€454k▲ 26.4%
Net result€483k-€217k▼ 55.1%€292k▲ 34.7%€331k▲ 13.3%€418k▲ 26.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 26% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €778k
Fixed assets
€82k▲ 2.5%
Current assets
€696k▲ 36.8%
Equity and liabilities €778k
Equity
€91k▲ 44.8%
Debt
€687k▲ 30.7%
The debt ratio falls from 89.3% to 88.3%. Equity and debt are higher.
Key figures and ratios
Solvency
11.7%▲
2023 · 10.7%
ROE
459.0%▼
2023 · 525.7%
ROA
53.8%▼
2023 · 56.2%
Debt
€687k▲
2023 · €526k
Debt ≤ 1 year
€660k▲
2023 · €468k
Debt > 1 year
€26k▼
2023 · €57k
Income taxes
€21k▼
2023 · €22k
Staff costs
€716k▲
2023 · €657k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€589k€778k▲
Fixed assets21/28€80k€82k▲
Tangible fixed assets22/27€80k€82k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€78k€79k▲
Current assets29/58€509k€696k▲
Amounts receivable within one year40/41€198k€372k▲
Trade receivables40-€3k
Other amounts receivable41€198k€368k▲
Cash at bank and in hand54/58€287k€299k▲
Deferred charges and accrued income490/1€24k€26k▲
Equity and liabilities
Total equity and liabilities10/49€589k€778k▲
Equity10/15€63k€91k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€44k€73k▲
Amounts payable17/49€526k€687k▲
Amounts payable after more than one year17€57k€26k▼
Financial debts170/4€57k€26k▼
Amounts payable within one year42/48€468k€660k▲
Current portion of amounts payable after more than one year42€14k€73k▲
Financial debts43€5k€5k▲
Credit institutions430/8€5k€5k▲
Trade debts44€58k€68k▲
Suppliers440/4€58k€68k▲
Taxes, remuneration and social security45€59k€119k▲
Taxes450/3€766€22k▲
Remuneration and social security454/9€59k€98k▲
Other amounts payable47/48€331k€396k▲
Income statement
Code20232024
Remuneration, social security and pensions62€657k€716k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€40k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€1.03M€1.21M▲
Operating profit (loss)9901€359k€454k▲
Financial income75/76B€30€847▲
Recurring financial income75€30€847▲
Financial charges65/66B€7k€15k▲
Recurring financial charges65€7k€15k▲
Profit (loss) for the period before taxes9903€353k€440k▲
Income taxes67/77€22k€21k▼
Profit (loss) for the period9904€331k€418k▲
Profit (loss) for the period to be appropriated9905€331k€418k▲
Appropriation of the result
Profit (loss) to be appropriated9906€342k€463k▲
Profit (loss) brought forward from the previous period14P€12k€44k▲
Transfer from equity791/2€2k-
Profit to be distributed694/7€300k€390k▲
Directors or managers695€300k€390k▲
Social balance
Average headcount (FTE)90878.39.4▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 66 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €217k ▼55.1%
Net result drops to €217k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €542k ▲99.2%
Operating result €560k, net result €542k, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
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, Beersel · 2 establishment units since 2017
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.
Zevenbronnenstraat 941653 BeerselGround area
1,305 m²
Building footprint
433 m²
Volume, LiDAR
3,334 m³
2 parcels, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Corvafin
since 20172.267.656.496
BNP Paribas Fortis Dilbeek
since 20252.374.255.142
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23017D0404/00E002 | Flanders | 915 m² | 1 · 145 m² | - |
| 23016D0057/00Z000 | Flanders | 390 m² | 1 · 287 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 187 EUR awarded · 187 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 187 EUR | 187 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,681 companies in sector 66191 we hold annual accounts for 1,229. 1,037 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2017
Fiscal year end31-12
Activities, NACEBEL
66191Agents and brokers in banking services
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.