CORVERS-VRANCX
ActiveSummary
CORVERS-VRANCX has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €425k and a net result of €158k. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▲+23
Solvency84▲+14
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.47 in 2023; short-term debt: 40.8% and cash: 32.7% of total assets), and 40.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €425k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
65 d early
2022
54 d early
2021
23 d early
2020
9 d late
2019
37 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€425k▲ 59.4%
2023 · €266k
2018: €556k
2019: €543k
2020: €417k
2021: €317k
2022: €246k
2023: €266k
2018 → 2024
Total assets
€717k▲ 20.7%
2023 · €594k
2018: €1.05M
2019: €772k
2020: €643k
2021: €481k
2022: €480k
2023: €594k
2018 → 2024
Net result
€158k▲ 697%
2023 · €20k
2018: €-41k
2019: €-13k
2020: €-125k
2021: €-100k
2022: €-71k
2023: €20k
2018 → 2024
Working capital
€328k▲ 114%
2023 · €153k
2018: €358k
2019: €362k
2020: €255k
2021: €171k
2022: €120k
2023: €153k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€417k-€317k▼ 24.1%€246k▼ 22.3%€266k▲ 8.1%€425k▲ 59.4%
Operating result€-121k-€-99k▲ 18.2%€-69k▲ 30.1%€23k€161k▲ 604%
Net result€-125k-€-100k▲ 19.8%€-71k▲ 29.8%€20k€158k▲ 697%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 604% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €717k
Fixed assets
€97k ▼ 16.7%
Current assets
€620k ▲ 29.8%
Equity and liabilities €717k
Equity
€425k ▲ 59.4%
Debt
€292k ▼ 10.8%
Debt's share of the balance-sheet total falls from 55.1% to 40.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€181k▲
2023 · €43k
Cash flow
€179k▲
2023 · €40k
Current ratio
2.12▲
2023 · 1.47
Quick ratio
1.57▲
2023 · 0.97
Debt to equity
0.69▼
2023 · 1.23
ROE
37.3%▲
2023 · 7.5%
ROA
22.1%▲
2023 · 3.3%
Interest coverage
75.63▲
2023 · 16.16
Debt ≤ 1 year
€292k▼
2023 · €324k
Income taxes
€387▼
2023 · €415
Staff costs
€315k▲
2023 · €296k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€594k€717k▲
Fixed assets21/28€116k€97k▼
Tangible fixed assets22/27€116k€96k▼
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€109k€91k▼
Financial fixed assets28€820€820=
Current assets29/58€477k€620k▲
Stocks and contracts in progress3€161k€162k▲
Stocks30/36€161k€162k▲
Amounts receivable within one year40/41€126k€207k▲
Trade receivables40€126k€207k▲
Other amounts receivable41-€113
Cash at bank and in hand54/58€119k€234k▲
Deferred charges and accrued income490/1€71k€16k▼
Equity and liabilities
Total equity and liabilities10/49€594k€717k▲
Equity10/15€266k€425k▲
Contributions10/11€323k€323k=
Capital10€323k€323k=
Issued capital100€323k€323k=
Reserves13€94k€102k▲
Non-distributable reserves130/1€64k€64k=
Legal reserve130€32k€32k=
Reserves not available under the articles1311€31k€31k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€12k€19k▲
Profit (loss) carried forward14€-151k€0▲
Amounts payable17/49€327k€292k▼
Amounts payable within one year42/48€324k€292k▼
Trade debts44€82k€62k▼
Suppliers440/4€82k€62k▼
Taxes, remuneration and social security45€27k€41k▲
Taxes450/3€6k€9k▲
Remuneration and social security454/9€21k€32k▲
Other amounts payable47/48€216k€189k▼
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20232024
Non-recurring operating income76A€34k€0▼
Remuneration, social security and pensions62€296k€315k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€7k€7k▼
Gross operating margin9900€345k€503k▲
Operating profit (loss)9901€23k€161k▲
Financial income75/76B€64€251▲
Recurring financial income75€64€251▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€20k€159k▲
Income taxes67/77€415€387▼
Profit (loss) for the period9904€20k€158k▲
Profit (loss) for the period to be appropriated9905€20k€158k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-151k€7k▲
Profit (loss) brought forward from the previous period14P€-171k€-151k▲
Transfer to equity691/2-€7k
To other reserves6921-€7k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Highest result since 2018net €158k ▲697%
Operating result €161k, net result €158k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after 5 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €-125k
Net result drops to €-125k, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 37 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 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, Laakdal · 1 establishment unit since 1982
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.
Vorstse Baan 892431 LaakdalGround area
764 m²
Building footprint
292 m²
Volume, LiDAR
1,329 m³
Parcel 13042A0186/00V002, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CORVERS VRANCX
since 19822.020.494.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13042A0186/00V002 | Flanders | 764 m² | 1 · 292 m² | 9.0 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 623 EUR awarded · 623 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 419 EUR | 419 EUR |
| 2023 | 1 | 204 EUR | 204 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
7 categoriesCORVERS-VRANCX NV16327
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ATC WITGOED
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DALEMANS EXCLUSIEF
BE 0430.933.188
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KROTOS
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,848 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
Founded21-04-1982
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.