Liquidity
4.36 was 2.52 in 2024
Short-term debts fell from €38,446 to €21,157.
CORVEE
Lifetime
15 annual accounts with figures on one time axispeak €38,639 (2017)
€14,106▲ 34.5%
lowest -€7,982 (2023)
€5,033▲ 56.4%
peak €82,968 (2025)
€82,968▲ 6.5%
€21,157▼ 45.4%
Board1 name since 2021
1 director
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Gross margin from €10,491 to €14,106Result from €3,217 to €5,033Debts from €38,776 to €21,157Cash from €69,362 to €25,936
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2011
Five of the last ten came late. The 2019 accounts came latest: 19 days after the end of the period.
Position in the sector
79.7%
Higher solvency than 84% of companies in specialised construction. Sector median 46.9% · 37,177 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 10,902 companies had the same profile as CORVEE has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 10,902 companies, not a prediction for CORVEE. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0822616616
Registered office moved within Herselt
New registered office: Groenheuvelstraat 1, 2230 Herselt · Previous registered office: Groenheuvelstraat 1A, 2230 Herselt · “Elektriciteitswerken; Het uitvoeren van werkzaamheden op gebied van alternatieve energie; Het uitvoeren van…” (deed in Dutch) · General meeting of 09-10-2023 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Provincie Antwerpen
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Westerlo
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CORVEE Herselt | €104,125 | €14,106 | 79.7% | - |
| RASETTA SERVICES Namur | €104,102 | €12,815 | 55.5% | - |
| CHASSIS FACTORY Brussels | €102,955 | €12,362 | 45.3% | - |
| CD DESIGN EQUIPMENT Charleroi | €97,083 | €15,564 | -12.1% | - |
| ENTREPRISE GENERALE BERNARD OLIVIER Chièvres | €91,840 | €14,391 | 65.4% | - |
| Automatisatie Vervaet Ghent | €99,467 | €16,352 | 7.2% | - |
| CHASSISTECH Liège | €91,822 | €13,670 | 51.0% | - |
These companies have the same main activity as CORVEE: joinery installation (NACE 43320). They are comparable in size and age: total assets between €91,800 and €104,000, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 22-01-2010Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.184.814.9342230 Herselt, since 09-02-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- ≈ €150,000estimated
- €104,125▼ 10.8%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on CORVEE
CORVEE files the micro format. That format states no turnover. The gross margin rose from €13,506 in 2011 to €14,106 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CORVEE
- What is the company number of CORVEE?
- The company number of CORVEE is 0822.616.616. The VAT number is the same number with BE in front: BE 0822.616.616.
- Where is CORVEE based?
- The registered office is at Groenheuvelstraat 1, 2230 Herselt.Company details
- What does CORVEE do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of CORVEE?
- CORVEE is a private limited company (BV).
- When was CORVEE founded?
- CORVEE was founded on 22-01-2010.
- Is CORVEE still active?
- Yes, CORVEE is an active enterprise in the KBO register.
- What is the turnover of CORVEE?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €14,106 and 56 comparable companies (NACE 43320). It probably lies between €88,000 and €280,000. It is a rough estimate.Financials
- Is CORVEE profitable?
- In financial year 2025, CORVEE made a profit of €5,033.
- Where can I find the annual accounts of CORVEE?
- CORVEE filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CORVEE due?
- CORVEE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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