CORVERSY
ActiveSummary
CORVERSY has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€203,516) and a net result of -€17,923. Equity is shrinking by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 8% of 701 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+5
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.04 in 2024; short-term debt: 201.7% and cash: 0.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-102%
Return on assets
-9%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€203,516
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
22 d late
2023
21 d late
2022
28 d early
2021
22 d late
2020
4 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
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. Usually files around 22 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€203,516▼ 9.7%
2024 · -€185,593
Total assets
€199,561▲ 4.1%
2024 · €191,722
Net result
-€17,923▲ 27.0%
2024 · -€24,566
Working capital
-€362,336▼ 0.5%
2024 · -€360,498
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€24,670▼ 23.5%-€29,434▼ 19.3%-€32,895▼ 11.8%-€24,460▲ 25.6%-€18,196▲ 25.6%
Net result-€25,140within the sector's middle half▼ 25.3%-€29,844below the sector's middle half▼ 18.7%-€33,098within the sector's middle half▼ 10.9%-€24,566within the sector's middle half▲ 25.8%-€17,923within the sector's middle half▲ 27.0%
Equity-€98,084below the sector's middle half▼ 34.5%-€127,929below the sector's middle half▼ 30.4%-€161,027below the sector's middle half▼ 25.9%-€185,593below the sector's middle half▼ 15.3%-€203,516below the sector's middle half▼ 9.7%
Total assets€300,906below the sector's middle half▼ 9.4%€255,427below the sector's middle half▼ 15.1%€222,100below the sector's middle half▼ 13.0%€191,722below the sector's middle half▼ 13.7%€199,561below the sector's middle half▲ 4.1%
Debt€398,990▼ 1.5%€383,355▼ 3.9%€383,126▼ 0.1%€377,315▼ 1.5%€403,077▲ 6.8%
Working capital-€366,356below the sector's middle half▲ 2.2%-€362,649below the sector's middle half▲ 1.0%-€360,615below the sector's middle half▲ 0.6%-€360,498below the sector's middle half=-€362,336below the sector's middle half▼ 0.5%
Solvency-32.6%below the sector's middle half▼ 10.6pp-50.1%below the sector's middle half▼ 17.5pp-72.5%below the sector's middle half▼ 22.4pp-96.8%below the sector's middle half▼ 24.3pp-102.0%below the sector's middle half▼ 5.2pp
Current ratio0.08below the sector's middle half▲ 0.010.05below the sector's middle half▼ 0.030.05below the sector's middle half=0.04below the sector's middle half▼ 0.010.10below the sector's middle half▲ 0.06
Return on assets (ROA)-8.4%below the sector's middle half▼ 2.3pp-11.7%below the sector's middle half▼ 3.3pp-14.9%below the sector's middle half▼ 3.2pp-12.8%below the sector's middle half▲ 2.1pp-9.0%below the sector's middle half▲ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,196 in 2025 against €24,460 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199,561
Fixed assets
€159,348 ▼ 9.3%
Current assets
€40,213 ▲ 151%
Key figures and ratios
EBITDA
€6,899▲
2024 · €4,889
Cash flow
€7,172▲
2024 · €4,783
Quick ratio
0.09▲
2024 · 0.02
Debt to equity
-1.98▲
2024 · -2.03
Interest coverage
87.33▲
2024 · 45.96
Debt ≤ 1 year
€402,549▲
2024 · €376,539
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,551 | €33,551 | €33,016 | €29,349 | €25,095 | ▼ 14.5% |
| Other operating charges640/8 | €3,483 | €3,174 | €3,422 | €3,791 | €4,391 | ▲ 15.8% |
| Gross operating margin9900 | €12,364 | €7,291 | €3,543 | €8,680 | €11,290 | ▲ 30.1% |
| Operating profit (loss)9901 | -€24,670 | -€29,434 | -€32,895 | -€24,460 | -€18,196 | ▲ 25.6% |
| Financial income75/76B | €1 | €8 | €2 | - | €352 | - |
| Recurring financial income75 | €1 | €8 | €2 | - | €352 | - |
| Financial charges65/66B | €471 | €418 | €205 | €106 | €79 | ▼ 25.7% |
| Recurring financial charges65 | €471 | €418 | €205 | €106 | €79 | ▼ 25.7% |
| Profit (loss) for the period before taxes9903 | -€25,140 | -€29,844 | -€33,098 | -€24,566 | -€17,923 | ▲ 27.0% |
| Profit (loss) for the period9904 | -€25,140 | -€29,844 | -€33,098 | -€24,566 | -€17,923 | ▲ 27.0% |
| Profit (loss) for the period to be appropriated9905 | -€25,140 | -€29,844 | -€33,098 | -€24,566 | -€17,923 | ▲ 27.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €300,906 | €255,427 | €222,100 | €191,722 | €199,561 | ▲ 4.1% |
| Fixed assets21/28 | €269,171 | €235,621 | €202,604 | €175,681 | €159,348 | ▼ 9.3% |
| Tangible fixed assets22/27 | €269,171 | €235,621 | €202,604 | €175,681 | €159,348 | ▼ 9.3% |
| Land and buildings22 | €232,386 | €209,590 | €186,794 | €163,998 | €141,203 | ▼ 13.9% |
| Plant, machinery and equipment23 | €36,785 | €26,030 | €15,810 | €11,683 | €18,145 | ▲ 55.3% |
| Current assets29/58 | €31,735 | €19,806 | €19,495 | €16,041 | €40,213 | ▲ 151% |
| Stocks and contracts in progress3 | €9,927 | €10,659 | €10,058 | €7,770 | €5,219 | ▼ 32.8% |
| Stocks30/36 | €9,927 | €10,659 | €10,058 | €7,770 | €5,219 | ▼ 32.8% |
| Amounts receivable within one year40/41 | €17,104 | €2,572 | €7,422 | €5,290 | €32,621 | ▲ 517% |
| Trade receivables40 | €3,005 | €2,572 | €7,422 | €4,312 | €3,761 | ▼ 12.8% |
| Other amounts receivable41 | €14,099 | - | - | €978 | €28,860 | ▲ 2,849% |
| Cash at bank and in hand54/58 | €3,714 | €5,480 | €780 | €1,709 | €685 | ▼ 59.9% |
| Deferred charges and accrued income490/1 | €990 | €1,094 | €1,235 | €1,272 | €1,688 | ▲ 32.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €300,906 | €255,427 | €222,100 | €191,722 | €199,561 | ▲ 4.1% |
| Equity10/15 | -€98,084 | -€127,929 | -€161,027 | -€185,593 | -€203,516 | ▼ 9.7% |
| Contributions10/11 | €179,400 | €179,400 | €179,400 | €179,400 | €179,400 | = |
| Profit (loss) carried forward14 | -€277,484 | -€307,329 | -€340,427 | -€364,993 | -€382,916 | ▼ 4.9% |
| Amounts payable17/49 | €398,990 | €383,355 | €383,126 | €377,315 | €403,077 | ▲ 6.8% |
| Amounts payable within one year42/48 | €398,090 | €382,455 | €380,111 | €376,539 | €402,549 | ▲ 6.9% |
| Trade debts44 | €3,102 | €3,225 | €6,201 | €2,452 | €3,538 | ▲ 44.3% |
| Suppliers440/4 | €3,102 | €3,225 | €6,201 | €2,452 | €3,538 | ▲ 44.3% |
| Advances received on contracts in progress46 | - | - | €682 | €682 | - | - |
| Taxes, remuneration and social security45 | - | - | €18 | €778 | €2,225 | ▲ 186% |
| Taxes450/3 | - | - | €18 | €778 | €2,225 | ▲ 186% |
| Other amounts payable47/48 | €394,989 | €379,231 | €373,210 | €372,627 | €396,787 | ▲ 6.5% |
| Accrued charges and deferred income492/3 | €900 | €900 | €3,016 | €776 | €528 | ▼ 32.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,140 | -€29,844 | -€33,098 | -€24,566 | -€17,923 | ▲ 27.0% |
| + Depreciation and write-downs630 | €33,551 | €33,551 | €33,016 | €29,349 | €25,095 | ▼ 14.5% |
| Operating cash flow (approximation) | €8,411 | €3,707 | -€82 | €4,783 | €7,172 | ▲ 50.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,426 | -€8,762 | ▼ 261% |
| Change in cash | - | €1,767 | -€4,701 | €929 | -€1,024 | ▼ 210% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet -€33,098
Net result drops to -€33,098, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ieper · 1 establishment unit since 2009
Ground area
106 m²
Building footprint
118 m²
Volume, LiDAR
799 m³
Parcel 33011F0208/00F000, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KOKOUVINS
since 20092.182.429.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33011F0208/00F000 | Flanders | 106 m² | 1 · 118 m² | 14.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,007 companies in sector 55203 we hold annual accounts for 694. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820228040
Also
9925:BE0820228040
Registered
18-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.