CORVERS
ActiveSummary
CORVERS has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €950,509 and a net result of €217,640. Equity has been growing by about 7.7% per year since 2018. Its solvency ranks better than 82% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-05-1968 Normal situation
- Activity
- Site preparation NACE 43120and 2 others
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.001.905.695 3583 Beringen, since 01-07-1968
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2025
Board and ownership
Board
- CORVERS FRANKDirector · since 19-09-2011
Shareholders
- CORVERS FRANK100%· score 9730-06-2025 annual accounts of CORVERS FRANK
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €638,263
- ▼ 1.9%
- Turnover
- ≈ €1.8m
- estimated
- Profit
- €217,640
- ▼ 25.7%
- Equity
- €950,509
- ▲ 29.7%
- Total assets
- €1.3m
- ▼ 6.9%
- Employees on 31-12-2025
- 4
- =
Filed on 08-05-2026, 84 days before the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 4.38, cash €802,209Equity €950,509 (73.5% of total assets)Founded in 1968Show the evidence
Checked score
Score 2025
98
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 80% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
99+21
equity 73.5% of total assets
Liquidity
95+13
short-term debt 17.7% · cash 62.0%
Profitability
90-5
return on assets 16.8%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025highest value
10-2025: < 0.1%● unchanged vs 09-2025highest value
11-2025: < 0.1%● unchanged vs 10-2025highest value
12-2025: < 0.1%● unchanged vs 11-2025highest value
01-2026: < 0.1%● unchanged vs 12-2025highest value
02-2026: < 0.1%● unchanged vs 01-2026highest value
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.38 (2.11 in 2024), above the usual 1.5. Short-term debt is 17.7% and cash 62% of total assets. 26.5% 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 (NACE 43, micro). It does better than 79% of them on solvency, 92% on liquidity, 76% on profitability and 74% on growth.
The bankruptcy probability was computed on 01-11-2026 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
Five signals.
lowers riskraises riskneutral
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 days early
2024
34 days early
2023
50 days early
2022
60 days early
2021
33 days early
2020
32 days early
2019
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 44 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-05-2026 PDF all 49 filings
Turnover
≈ €1.8m
Estimated: probably between €1.4m and €2.4m
Total assets
€1.3m▼ 6.9%
2024 · €1.4m
Net result
€217,640▼ 25.7%
2024 · €292,831
Working capital
€774,258▲ 41.3%
2024 · €547,930
In the rankings
#2 oldest company in Beringen, Construction sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 2% lower than in 2024.
Operating result€0.3m
2025
Net result€0.2m
2025
Total assets€1.3m
2025
Equity€1.0m
2025
Debt€0.3m
2025
Working capital€0.8m
2025
Return on assets (ROA)16.8%
2025
Solvency73.5%
2025
Current ratio4.38
2025
Staff (FTE)4
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▼ 8.4%€0.07m▼ 56.2%€0.2m▲ 112%€0.2m▲ 16.1%€0.2m▲ 9.6%€0.3m▲ 51.3%€0.3m▼ 1.6%
Net result€0.1m-€0.1m▼ 0.5%€0.04mwithin the sector's middle half▼ 62.0%€0.1mwithin the sector's middle half▲ 151%€0.1mwithin the sector's middle half▲ 13.9%€0.1mabove the sector's middle half▲ 7.6%€0.3mabove the sector's middle half▲ 115%€0.2mabove the sector's middle half▼ 25.7%
Equity€0.5m-€0.5m▲ 14.1%€0.6mwithin the sector's middle half▲ 2.7%€0.6mwithin the sector's middle half▲ 6.6%€0.6mwithin the sector's middle half▲ 2.8%€0.7mwithin the sector's middle half▲ 7.7%€0.7mwithin the sector's middle half▲ 12.7%€1.0mabove the sector's middle half▲ 29.7%
Total assets€1.2m-€1.3m▲ 5.1%€1.2mwithin the sector's middle half▼ 5.3%€1.2mwithin the sector's middle half▲ 4.1%€1.2mwithin the sector's middle half▼ 1.4%€1.1mwithin the sector's middle half▼ 13.5%€1.4mwithin the sector's middle half▲ 30.3%€1.3mwithin the sector's middle half▼ 6.9%
Debt€0.6m-€0.6m▲ 0.4%€0.6m▼ 11.6%€0.6m▲ 3.6%€0.6m▼ 4.6%€0.4m▼ 36.8%€0.6m▲ 70.3%€0.3m▼ 51.1%
Working capital€0.4m-€0.4m▼ 1.4%€0.4mwithin the sector's middle half▲ 4.0%€0.4mwithin the sector's middle half▲ 5.8%€0.5mwithin the sector's middle half▲ 17.7%€0.5mwithin the sector's middle half▼ 5.3%€0.5mabove the sector's middle half▲ 19.6%€0.8mabove the sector's middle half▲ 41.3%
Solvency39.0%-42.3%▲ 3.4pp45.9%within the sector's middle half▲ 3.6pp47.0%within the sector's middle half▲ 1.1pp49.1%within the sector's middle half▲ 2.0pp61.0%within the sector's middle half▲ 12.0pp52.8%within the sector's middle half▼ 8.2pp73.5%above the sector's middle half▲ 20.7pp
Current ratio2.43-2.82▲ 0.393.00above the sector's middle half▲ 0.182.51within the sector's middle half▼ 0.492.77within the sector's middle half▲ 0.263.41above the sector's middle half▲ 0.652.11within the sector's middle half▼ 1.314.38above the sector's middle half▲ 2.27
Return on assets (ROA)9.7%-9.2%▼ 0.5pp3.7%within the sector's middle half▼ 5.5pp8.9%within the sector's middle half▲ 5.2pp10.3%within the sector's middle half▲ 1.4pp12.8%within the sector's middle half▲ 2.5pp21.1%above the sector's middle half▲ 8.3pp16.8%above the sector's middle half▼ 4.3pp
Staff (FTE)4.8-4.8=4.8within the sector's middle half=4.8within the sector's middle half=4.8within the sector's middle half=4.1within the sector's middle half▼ 14.6%4.3within the sector's middle half▲ 4.9%4within the sector's middle half▼ 7.0%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€289,687 ▼ 16.3%
Current assets
€1.0m ▼ 3.7%
Equity and liabilities €1.3m
Equity
€950,509 ▲ 29.7%
Provisions
€49,134 ▼ 12.5%
Debt
€293,264 ▼ 51.1%
Debt's share of the balance-sheet total falls from 43.2% to 22.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€365,114▼
2024 · €380,050
Cash flow
€296,640▼
2024 · €382,030
Quick ratio
4.29▲
2024 · 2.08
Debt to equity
0.31▼
2024 · 0.82
ROE
22.9%▼
2024 · 40.0%
Interest coverage
67.09▲
2024 · 30.05
Debt ≤ 1 year
€228,962▼
2024 · €494,025
Debt > 1 year
€40,857▼
2024 · €96,028
Income taxes
€80,403▼
2024 · €87,106
Staff costs
€254,878▲
2024 · €253,422
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 4 | 4 |
| full-time | 4 | 4 | 4 | 3 | 3 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 4.8 | 4.8 | 4.8 | 3.8 | 3.8 |
| Average over the year, in full-time equivalents | 4.8 | 4.8 | 4.1 | 4.3 | 4 |
| On a permanent contract | 5 | 5 | 5 | 4 | 4 |
| Joined | - | - | - | 2 | 1 |
| Left | - | - | - | 2 | 1 |
| Training hours | 176 | - | - | 80 | 32 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €368,226 | €279,615 | €192,984 | €129,688 | €82,034 |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| Carrying value of the mortgaged assets | €313,696 | €287,275 | €271,050 | €272,466 | €242,886 |
| Pledge on the business | €50,333 | €50,333 | €50,333 | €50,333 | €50,333 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €53,893 | €8,947 | €48,898 | €18,639 | €23,398 |
| Depreciation and write-downs of the year | €105,043 | €101,681 | €102,301 | €89,199 | €79,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €1,944 awarded · €1,944 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €198 | €198 |
| 2023 | 1 | €1,500 | €1,500 |
| 2022 | 1 | €246 | €246 |
Comparable companies
These companies have the same main activity as CORVERS: site preparation (NACE 43120). They are comparable in size and age: total assets between €1.2m and €2.1m, founded between 1970 and 1991.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| CORVERS Beringen | 1968 | €1.3m | €1.0m | €0.6m | €0.2m | 4 | 2025 |
| Grondwerken Maes Wevelgem | 1977 | €1.4m | €0.8m | €0.7m | €0.04m | 5.8 | 2025 |
| A.A.G. NYS Dessel | 1975 | €1.3m | €0.4m | €0.7m | -€0.02m | 6.4 | 2025 |
| Rijks Aannemings- en Handelsbedrijf Herk-de-Stad | 1970 | €2.1m | €0.6m | €0.4m | -€0.2m | 4.2 | 2025 |
| LOON- EN GRONDWERKEN PORTO-CARRERO Ravels | 1989 | €1.2m | €0.5m | €0.7m | €0.05m | 5 | 2025 |
| Putboringen Van Deynse Maldegem | 1974 | €1.5m | €1.2m | €0.4m | €0.03m | 2.6 | 2025 |
| VAN DEN EYNDE J&K Geel | 1991 | €1.3m | €0.6m | €0.6m | €0.2m | 4 | 2025 |
They were chosen from the 3,177 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as CORVERS has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93.5%
was still going
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CORVERS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 31,368 companies, not a prediction for CORVERS. 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.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €500 | - |
| Remuneration, social security and pensions62 | - | - | - | €204,806 | €209,189 | €232,019 | €253,422 | €254,878 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,817 | €100,940 | €95,924 | €105,043 | €101,681 | €102,301 | €89,199 | €79,000 | ▼ 11.4% |
| Other operating charges640/8 | - | - | - | €14,269 | €9,733 | €20,161 | €16,865 | €15,475 | ▼ 8.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €2,054 | €88 | €2,796 | ▲ 32× |
| Gross operating margin9900 | €509,465 | €515,695 | €384,906 | €475,191 | €496,073 | €548,824 | €650,425 | €638,263 | ▼ 1.9% |
| Operating profit (loss)9901 | €177,612 | €162,723 | €71,249 | €151,074 | €175,470 | €192,289 | €290,851 | €286,114 | ▼ 1.6% |
| Financial income75/76B | - | - | - | €4,745 | €3,595 | €2,223 | €94,713 | €10,352 | ▼ 89.1% |
| Recurring financial income75 | €191 | €163 | €684 | €2,745 | €3,595 | €2,223 | €94,713 | €10,352 | ▼ 89.1% |
| Non-recurring financial income76B | - | - | - | €2,000 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €11,722 | €11,742 | €11,174 | €12,647 | €5,442 | ▼ 57.0% |
| Recurring financial charges65 | €14,813 | €15,752 | €14,854 | €11,722 | €11,742 | €11,174 | €12,647 | €5,442 | ▼ 57.0% |
| Profit (loss) for the period before taxes9903 | €162,989 | €147,134 | €57,078 | €144,097 | €167,322 | €183,338 | €372,918 | €291,024 | ▼ 22.0% |
| Transfer from deferred taxes780 | - | - | - | €7,978 | €7,978 | €7,019 | €7,019 | €7,019 | = |
| Income taxes67/77 | €53,861 | €38,626 | €20,822 | €40,856 | €48,611 | €53,978 | €87,106 | €80,403 | ▼ 7.7% |
| Profit (loss) for the period9904 | €117,107 | €116,487 | €44,235 | €111,219 | €126,690 | €136,380 | €292,831 | €217,640 | ▼ 25.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €15,495 | €15,495 | €13,631 | €13,631 | €13,631 | = |
| Profit (loss) for the period to be appropriated9905 | €132,601 | €131,981 | €74,667 | €126,714 | €142,185 | €150,011 | €306,462 | €231,271 | ▼ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | €1.1m | €1.4m | €1.3m | ▼ 6.9% |
| Fixed assets21/28 | €0.6m | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 16.3% |
| Tangible fixed assets22/27 | €0.6m | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 16.3% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 10.9% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.04m | €0.03m | €0.02m | €0.01m | ▼ 28.0% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.04m | €0.06m | €0.05m | €0.03m | ▼ 39.5% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.07m | €0.04m | - | - | - |
| Current assets29/58 | €0.6m | €0.6m | €0.6m | €0.7m | €0.8m | €0.6m | €1.0m | €1.0m | ▼ 3.7% |
| Stocks and contracts in progress3 | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 66.8% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 66.8% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.07m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | ▼ 27.2% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.06m | €0.2m | €0.1m | ▼ 26.6% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.04m | €0.04m | €0.04m | €0.03m | ▼ 30.5% |
| Current investments50/53 | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.01m | ▼ 96.2% |
| Cash at bank and in hand54/58 | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | €0.5m | €0.8m | ▲ 49.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.002m | €0.003m | €0.002m | €0.002m | ▼ 6.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | €1.1m | €1.4m | €1.3m | ▼ 6.9% |
| Equity10/15 | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | €1.0m | ▲ 29.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | €0.9m | ▲ 30.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €325 | €325 | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Other1319 | - | - | - | €325 | €325 | €325 | €325 | €325 | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 7.7% |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.4m | €0.5m | €0.8m | ▲ 43.2% |
| Provisions and deferred taxes16 | €0.1m | €0.09m | €0.09m | €0.08m | €0.07m | €0.06m | €0.06m | €0.05m | ▼ 12.5% |
| Deferred taxes168 | - | - | - | €0.08m | €0.07m | €0.06m | €0.06m | €0.05m | ▼ 12.5% |
| Amounts payable17/49 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.4m | €0.6m | €0.3m | ▼ 51.1% |
| Amounts payable after more than one year17 | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.04m | ▼ 57.5% |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | €0.04m | ▼ 57.5% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.5m | €0.2m | ▼ 53.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.06m | €0.05m | €0.04m | ▼ 13.6% |
| Trade debts44 | €0.2m | €0.1m | €0.09m | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 26.6% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 26.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.02m | €0.04m | €0.05m | ▲ 8.9% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.04m | ▲ 9.6% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.007m | €0.007m | €0.007m | €0.007m | ▲ 5.5% |
| Other amounts payable47/48 | - | - | - | - | €0.001m | €0.002m | €0.2m | €0.001m | ▼ 99.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.06m | €0.004m | €0.009m | €0.02m | ▲ 158% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,107 | €116,487 | €44,235 | €111,219 | €126,690 | €136,380 | €292,831 | €217,640 | ▼ 25.7% |
| + Depreciation and write-downs630 | €67,817 | €100,940 | €95,924 | €105,043 | €101,681 | €102,301 | €89,199 | €79,000 | ▼ 11.4% |
| Operating cash flow (approximation) | €184,924 | €217,427 | €140,159 | €216,262 | €228,371 | €238,680 | €382,030 | €296,640 | ▼ 22.4% |
| Investment in fixed assets (approximation) | - | -€227,484 | -€24,587 | -€53,893 | -€8,947 | -€46,844 | -€18,551 | -€22,462 | ▼ 21.1% |
| Change in cash | - | -€1,094 | -€87,741 | -€16,637 | -€11,011 | -€16,180 | €200,120 | €265,330 | ▲ 32.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-05-2026 | 2026-00106205 | |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00186286 | |
| 31-12-2023 | abbreviated format | 11-06-2024 | 2024-00120313 | |
| 31-12-2022 | abbreviated format | 01-06-2023 | 2023-00101596 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20138437 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-29100418 | |
| 31-12-2019 | abbreviated format | 13-07-2020 | 2020-29400143 | |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-36300210 | |
| 31-12-2017 | abbreviated format | 06-07-2018 | 2018-29700237 | |
| 31-12-2016 | abbreviated format | 05-07-2017 | 2017-27100599 |
Board & ownership
Directors
Directors
1 director, last change in 2026
Board 1
CORVERS FRANK BV
Current
Director · since 19-09-2011 · earlier manager, until 21-02-2024 · term without a fixed end · Private limited company · permanent representative: Frank Corvers · listed in the 2025 annual accounts, filed on 08-05-2026
Permanent representatives 1
Frank Corvers
Current
Permanent representative · appointed in the act of 30-06-2026 · for CORVERS FRANK BV
Owners and capital
Shareholders
1 ownerChain of control
- CORVERS FRANK
- CORVERS
Owners 1
- CORVERS FRANKparentEquity €1.7m Profit of €327,083 in 2025 (profit of €163,112 in 2024) Checked score 97100%
Capital transactions
Capital over time
- 21-02-2024 Converted to unavailable equity · €18,600
- 21-02-2024 Converted to unavailable equity · €1,860
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CORVERS FRANK |
|
Articles of association
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Meer, 1”
Articles of association, deed of 21-02-2024 (in Dutch)
Network & group
Companies at the same address
2 other companiesConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-06
Gazette deed
Resignation: Corvers Frank BV (director)Permanent representatives: Frank Corvers and Jean Buys · Appointment: Corvers Frank BV (director) · Director discharge9 points ▸
Gazette deed
Resignation: Corvers Frank BV (director)
Permanent representatives: Frank Corvers and Jean Buys · Appointment: Corvers Frank BV (director) · Director discharge9 points ▸
- General meeting, 22-05-2026
- Director resignation, Corvers Frank BV (director)
- Permanent representative, Frank Corvers
- Director discharge, Corvers Frank BV (director)
- Director appointment, Corvers Frank BV (director)
- Permanent representative, Jean Buys
- Power of attorney, Niels Van den Heuvel
- Power of attorney, Romy Verbrugghe
- Power of attorney, Kato Wouters
08-05
abbreviated format · 84 days before the deadline
2025
31-12
Financial
Liquidity more than doubledcurrent ratio 4.38
The current ratio rises from 2.11 to 4.38. Short-term debt falls from €494,025 to €228,962.
27-06
abbreviated format · 34 days before the deadline
2024
31-12
Financial
Highest result from 2018 to 2025net €292,831 ▲115%
The operating result of €290,851 and the net result of €292,831 are both a record.
11-06
abbreviated format · 50 days before the deadline
21-02
Gazette deed
Company renamed from Corvers BVBA to CORVERSChange of role: CORVERS FRANK, from manager to director · Appointment: CORVERS, Frank (statutory director) · Permanent representative: CORVERS, Frank17 points ▸
Gazette deed
Company renamed from Corvers BVBA to CORVERS
Change of role: CORVERS FRANK, from manager to director · Appointment: CORVERS, Frank (statutory director) · Permanent representative: CORVERS, Frank17 points ▸
- General meeting, 19-12-2023
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch), mentioned 2 times in the deed
- Reserve release, “statutair onbeschikbare eigen vermogensrekening, opheffen” (deed in Dutch)
- Name change, CORVERS
- Declaration, “ontsluiting van voorzitter, ontslaat de voorzitter van het in extenso voorlezen van het verslag van de bestuurders” (deed in Dutch)
- Declaration, “ontvangst verslag, Alle aanwezigen verklaren een exemplaar van het verslag te hebben ontvangen en er kennis van te hebben genomen” (deed in Dutch)
- Purpose change
- Amendment of the articles, 3
- Director resignation, CORVERS FRANK (manager)
- Director appointment, CORVERS FRANK (director (not named in the articles))
- Director appointment, CORVERS, Frank (statutory director)
- Director in office, CORVERS FRANK (director (not named in the articles))
- The act holds 5 more points.
2023
01-06
abbreviated format · 60 days before the deadline
2022
28-06
abbreviated format · 33 days before the deadline
2021
29-06
abbreviated format · 32 days before the deadline
2020
31-12
Financial
Weakest financial yearnet €44,235 ▼62%
The net result drops to €44,235, the lowest from 2018 to 2025. It recovers the following year.
13-07
abbreviated format · 18 days before the deadline
Show earlier events
2019
31-12
Financial
Equity above €500,000equity €536,514 ▲14.1%
With a profit in every financial year since 2018, equity grows to €536,514.
23-07
abbreviated format · 8 days before the deadline
2018
06-07
abbreviated format · 25 days before the deadline
2017
05-07
abbreviated format · 26 days before the deadline
Financial milestoneGazette deedNBB 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
CORVERS in Dutch
Enterprise number
0406.215.709
Legal form
Private limited company
Status
Active, normale toestand
Founded
07-05-1968
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 21-02-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 21-02-2024 (in Dutch)Registered office and establishments
Registered office
Buntjesstraat 42, 3583 Beringen, Belgium
Establishment unit
Buntjesstraat 42, 3583 Beringen since 01-07-1968 · unit number 2.001.905.695
Activities
NACEBEL 2025VAT activities
43120
Site preparation main activity
47521
Retail sale of hardware, building materials, paint and glass (general range)
49410
Freight transport by road
Social security (RSZ) activities
43120
Site preparation main activity
Codes under NACEBEL 2008
VAT activities
43120
Site preparation main activity
47521
Retail trade
49410
Road freight transport
Social security (RSZ) activities
43120
Site preparation main activity
Codes under NACEBEL 2003
VAT activities
45112
main activity
52461
60242
Social security (RSZ) activities
45112
main activity
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 21-02-2024 (in Dutch)
“Het ontwerpen en oprichten van houten en/of metalen constructies zoals loodsen, bruggen, tank, afrasteringen en sporthallen. Het ontwerpen…”
31 activities
- Het ontwerpen en oprichten van houten en/of metalen constructies zoals loodsen, bruggen, tank, afrasteringen en sporthallen. Het ontwerpen en uitvoeren van alle smeedwerken, siervoorwerpen voor gebouwen, tuinen, planten en recreatieterreinen. Voor alle inrichtingen, complexen en gebouwen, zowel industriële als residentiële, sport- en amusementsinrichtingen, als hospitalen, en ziekenhuizen zowel in de privé als in de publieke sector: a) Uit te voeren in alle beroepssectoren, gespecialiseerd of niet, de verkoop, de verhuring en het ontlenen of alle werken in het kader der diensten die betrekking hebben op techniek, het beheer, de bewaking, de bescherming, de veiligheid, het onderhoud, de hulpverlening.
- B) te promoveren door investering, financiering of lening, alle installaties van materiaal en alle grondstoffen, producten, systemen, ideeën en brevetten die betrekking hebben op de technieken nodig voor hun werking en hun uitbating
- C) te waarborgen het materiaal, de grondstoffen en de gebruikte producten zowel als de installaties die worden uitgebaat, beheerd of onderhouden, ontwerpen en maken van beurzen in binnen en buitenland.
- Wegenbouw en bouw van niet metalen kunstwerken zoals het bouwen, herstellen en onderhouden van wegen, fietspaden, van vliegvelden en startbanen van niet metalen kunstwerken zoals bruggen en viaducten, wegen en spoorwegtunnels, watertorens, silo’s inclusief opslagtanks, zwembaden, kolenopslagplaatsen, as kuilen, draaischuiven, weegbruggen, steunmuren enzovoort, evenals de rioleringswerken.
- Het vervaardigen en plaatsen of laten plaatsen en onderhouden van alle soorten verkeersignalisatie en wegmarkeringen.
- Leggen van kabels en diverse leidingen met onder meer de lokalisatie van hoogspanningslijnen en pijpen, de leidingen voor water- en gasvoorzieningen, het plaatsen van allerlei elektrische kabels.
- Het bouwen, aanleggen van speelpleinen en sportvelden evenals van parken en tuinen, met inbegrip van de aanplantingen, eveneens in kunststof. Omvat eveneens het plaatsen van afsluitingen en omheiningen. Het ontwerpen en aanleggen van parkeerterreinen, tuinen, parken en recreatieterreinen zoals siertuinen, minigolf, tennisterreinen, speeltuinen, pretparken en andere, zowel op natuurlijke wijze als in kunststof.
- Het leggen van asfalt, beton, klinkers en kasseien voor wegen, terreinen en opritten.
- Het transporteren van alle vaste, vloeibare en gasvormige stoffen en producten, levensmiddelen, vlees, vis, fruit, bieten, witloof en andere landbouwproducten, bloemen, planten, brandstoffen, bouw- en installatie materialen. Groot- en kleinhandel eveneens im- en export van alle soorten bouwmaterialen en roerende goederen.
- Het aanleggen en onderhouden van de verkeerssignalisatie en de wegmarkeringen.
- Het optrekken van gebouwen (ruwbouw en onder dak zetten) evenals de bekisting en het ijzervlechtwerk.
- Algemene bouwwerkzaamheden, omvat de bedrijvigheden welke betrekking heeft op de gehele of gedeeltelijke uitvoering van voltooiingswerken of de coördinatie van deze laatste wanneer zij door onderaannemers worden uitgevoerd, eveneens het optrekken van geprefabriceerde gebouwen.
- Schoorsteen- en ovenbouw, met het optrekken van fabrieksschouwen, nijverheidsovens, en andere soortgelijke werken evenals het metselwerk van ovens en het plaatsen van alle vuurvaste producten.
- Slopingswerken en het slopen van kunstwerken en gebouwen, evenals het effenen en het wegruimen.
- Voegwerken, stukadoorswerken, plafonner-, cementeer- en alle andere pleisterwerken, berapingswerken, plaatsen van chapes, gips- en staffwerken en ornamenten.
- Het leggen en polieren van industriële vloeren, het leggen van vloerdeklagen van industriële vloeren, het leggen van vloerbeschermingslagen, de vloerbedekkingen met monolistisch karakter op basis van asfalt en synthetische producten of van natuur- of synthetische mortel, industriële kunstharsbedekking met inbegrip van muuroverlappingen.
- Dakdekken en isolatie tegen vochtigheid en het bedekken van gebouwen met onder meer dakpannen, stro, natuurlijke en kunstleien, stalen platen, en platen in asbestcement en non-ferro-metalen. Het waterdicht maken van gebouwen met asfalt en teer, onder meer het bedekken van afsfalt -of met koolwaterstofhoudende producten, gebeurlijk gecombineerd met metalen. Het droogmaken van gebouwen, anders dan met teer en asfalt. Thermische- en geluidsisolatie. Het plaatsen van gyprocwanden. Vloerbekleding en muurbekleding, het leggen van tegelvloeren, mozaïek en alle andere bedekkingen van vloeren.
- Het saneren, het in stand houden of het in zijn oorspronkelijke toestand terugstellen van onder meer orgels, beeldhouwwerken, monumentale horloges, historische wand en plafondschilderingen, fresco’s, schilderijen, glas in lood en brandglasramen, klokken en beiaards, historische textiele wandbekledingen, historische gecoupeerd stucwerk, historische schrijnwerken en meubelen, kunstsmeedwerk, historische parketvloeren, water-en windmolenmechanismen. Arduin-en marmerwerken, restauratiewerken, het plaatsen van grafmonumenten, het restaureren, reinigen en wassen van gevels en monumenten.
- Het plaatsen van marmer en arduin in gebouwen. Het plaatsen van alle soorten versieringen, schoorsteenmantels en dergelijke in marmer of steen. Alle soorten timmerwerk en metalen schrijnwerk. Het timmer- en schrijnwerk voor gebouwen, het plaatsen van sloten en ijzerwaren voor bouwwerken, het plaatsen van houten en plastiekdeuren en plinten. Het plaatsen van houten en plastiek vensterluiken. Het leggen van parketvloeren en alle andere houten bedekkingen van muren en vloeren. Het plaatsen van valse schutsels en valse zolderingen in hout. Het plaatsen van aanbouwkeukens en badkamers. Het plaatsen van ijzerwerk, metalen vensterluiken en metalen schrijnwerk evenals het plaatsen van rooster, ramen en deuren, intrekbare en rollende deuren en van buitenrolluiken. Het plaatsen van alle soorten dakgoten, het bedekken van muren en zolderingen door het aanbrengen van metalen elementen. Het plaatsen van alle soorten glas, het bouwen van wanden en bedekkingen in doorschijnend beton.
- Alle schilderwerk, evenals industrieel schilderwerk. Het kalken van gebouwen en het bestrijken met kalk, het behangen en stofferen, het plaatsen van vloerbedekkingen en van alle andere synthetische bedekkingen van vloeren, onder meer plastiek.
- Metaalconstructies, montage- en demontagewerken, buis- en andere soortgelijke constructies.
- Het plaatsen van kunstwerken en van industriële mechanica. En hydromechanische installaties.
- Het plaatsen van pompstations en turbines, van elektromechanische installaties van kunstwerken en nijverheidsinrichtingen en elektrische buiteninstallaties, uitrustingen voor afstandsbediening, afstandsmeting en afstandscontrole. Het plaatsen van woon-units. Het plaatsen van ventilatie, verwarming met warme lucht, luchtconditionering en de caloriefugage van leidingen en kanalisaties.
- Het plaatsen van centrale verwarming met water, stoom of gas en van bijkomende toestellen. Het plaatsen van sanitaire inrichtingen, lood- en zinkwerk, installatie van waterverzachters. Het vervaardigen, verkopen en/of installaren van alle soorten filterinstallaties voor lucht, water, gas, olie en dergelijke. Installaties voor huisvuilverwering.
- Het bedekken van daken in non-ferrometalen en het plaatsen van zinken dakvensters, evenals de herstelling- en onderhoudswerken. Het plaatsen, herstellen en onderhouden van allerhande branders- brandertechnicus. Alle elektriciteitswerken zowel in privé-gebouwen als in openbare gebouwen, evenals het plaatsen van bliksemafleiders, elektrische signalisatie allerhande voor wegen, spoorwegen, rivieren, zee- en luchtwegen. Het plaatsen en inrichten, onderhouden en herstellen van speciale installaties zoals het inrichten van fabrieken, werkplaatsen, pompstations, koelinstallaties en waterzuiveringsinstallaties.
- Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken, voor de bouw van appartementsgebouwen. De ontwikkeling van niet- residentiële bouwprojecten. Projectontwikkeling voor de bouw of de aanleg van: commerciële, en industriële centra, hotels, industriezones en markten, jachthavens, wintersportcentra’s, enzovoort. Projectontwikkeling voor de aanleg of renovatie van stadswijken.
- Verlenen van bouwkundige adviezen aan de bouwheer. Tekenen en ontwerpen van gebouwen. Toezien op de bouwwerkzaamheden (ruwbouw, installatie, afwerking, enzovoort) Leiden van belangrijke herstellingswerken aan gebouwen.
- Uitvoeren van studies en verlenen van advies in verband met stedebouwkundige planning en landschapsarchitectuur. Ingenieurs en aanverwante technische adviseurs, exclusief landmeters. Activiteiten van bouweconomisten. Uitvoeren van topografische opmetingen en het afbakenen van percelen en eigendommen. Berekening van het aantal meters van bouwwerken.
- Het aankopen, verkopen, de vertegenwoordiging, het invoeren en uitvoeren, huren, verhuren, en herstellen van alle nieuwe en tweedehands motorvoertuigen, vrachtwagens, machines en andere vervoermaterialen, tractoren, hef- en transporttoestellen, aanhangwagens, caravans, alsmede van alle toebehoren en onderdelen ervan, alle koetswerk, de groot- en kleinhandel in brandstoffen en smeermiddelen, oliën en vetten en van alle andere garagebedrijvigheden.
- Het exploiteren van een bureau voor arbeidsbemiddeling van betaalde sportbeoefenaar, zijnde personen die de verplichting aangaan om zich tegen loon voor te bereiden of deel te nemen aan een sportcompetitie of -exhibitie onder het gezag van een ander persoon evenals de personen die de oefeningen tijdens de voorbereiding leiden
- Het bijstaan en adviseren van werknemers bij de ontwikkeling van hun beroepsloonbaan gaande van het trainen in selectie interview, advies rond loononderhandelingen, advies met betrekking tot arbeidsrechtelijke problematieken, loonberekeningen controleren, en aanvaarden.
Invoicing and payment
VAT number
BE 0406.215.709
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0406.215.709
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 17:00
deed of 21-02-2024 (in Dutch)Meeting accessThe articles set who may attend the meeting and what is needed to be admitted.
“Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…”
deed of 21-02-2024 (in Dutch)Proxy ruleThe articles set whether a shareholder may be represented at the meeting by someone else.
“Elke aandeelhouder kan aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, een schriftelijke volmacht…”
deed of 21-02-2024 (in Dutch)Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“1”
deed of 21-02-2024 (in Dutch)Recognitions · licences · registrations
Recognised contractor
9 categoriesCORVERS BVapproval number 26579
- B1 Clearing watercoursesclass 1, up to €162,000
- C General road works contractsclass 2, up to €330,000
- C1 Ordinary sewer worksclass 2, up to €330,000
- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- C3 Non-electric road signs, safety devices, fences and screensclass 1, up to €162,000
- C5 Bituminous paving and surface dressingclass 2, up to €330,000
- C6 Laying power and telecom cables in trenchesclass 1, up to €162,000
- G General earthworks contractsclass 1, up to €162,000
Show all 9 categories
- G2 Drainage worksclass 1, up to €162,000
Legal Entity Identifier
894500OMKO2TS3K12S93
Sites & property
Location
Buildings and parcels at the address
Ground area
8,117 m²
Building footprint
940 m²
Building volume
6,348 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71049B1450/00A010 | Flanders | 8,117 m² | 1 · 940 m² | 7.8 m · 2 |