CORVILAIN & CIE

Active

Private limited companyfounded 20205 yrs activeRue Léanne 38, 5000 Namur, BelgiumKBO/BCE: BE 0758.432.409

CORVILAIN & CIE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €-2k. Equity is shrinking by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability68▲+7

Solvency32=

Growth58=

Track record94

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.02 against 0.02 in 2024; short-term debt: 36.9% and cash: 0.5% of total assets), and 93.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 86

Relative position

BE, all sectors

reference

Sector 86

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

6.6%

Return on assets

-0.6%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2122232425

2021 to 2025 · latest year €-2k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 16546 sector peers (2025).

NBB · sector comparison

Position among 16546 sector peers

Solvency

better than 11%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 5 filings

Deviation from the deadline

2025

14 d late

2024

2 d early

2023

on the day

2022

1 d late

2021

9 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€18k▼ 8.2%

2024 · €20k

2021: €69k 2022: €52k 2023: €28k 2024: €20k

2021 → 2025

Total assets

€281k▼ 8.3%

2024 · €306k

2021: €407k 2022: €375k 2023: €339k 2024: €306k

2021 → 2025

Net result

€-2k▲ 79.8%

2024 · €-8k

2021: €-36k 2022: €-17k 2023: €-24k 2024: €-8k

2021 → 2025

Working capital

€-101k▲ 8.5%

2024 · €-110k

2021: €-116k 2022: €-116k 2023: €-121k 2024: €-110k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€69k-€52k▼ 24.1%€28k▼ 45.6%€20k▼ 28.9%€18k▼ 8.2%

Operating result€-31k-€-11k▲ 65.7%€-18k▼ 67.6%€-3k▲ 85.9%€4k

Net result€-36k-€-17k▲ 54.6%€-24k▼ 43.8%€-8k▲ 65.5%€-2k▲ 79.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €4k after a loss of €3k in 2024, the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €279k

99.1%

Fixed assets €277k▼ 5.9%

Current assets €3k▲ 39.0%

Equity and liabilities €281k

93.4%

Equity €18k▼ 8.2%

Debt €262k▼ 8.3%

The debt ratio stays at 93.4%.

Key figures and ratios

2025 value · change against 2024

EBITDA

€38k▲

2024 · €31k

Cash flow

€32k▲

2024 · €26k

Solvency

6.6%▲

2024 · 6.6%

Current ratio

0.02▲

2024 · 0.02

Quick ratio

0.02▲

2024 · 0.02

Debt / equity

14.19▼

2024 · 14.20

ROE

-8.9%▲

2024 · -40.7%

ROA

-0.6%▲

2024 · -2.7%

Interest coverage

6.39▲

2024 · 5.51

Debt

€262k▼

2024 · €286k

Debt ≤ 1 year

€103k▼

2024 · €112k

Debt > 1 year

€157k▼

2024 · €173k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€306k€281k▼

Formation expenses20€10k€1k▼

Fixed assets21/28€294k€277k▼

Intangible fixed assets21€1k€695▼

Tangible fixed assets22/27€293k€276k▼

Land and buildings22€212k€200k▼

Plant, machinery and equipment23€81k€77k▼

Current assets29/58€2k€3k▲

Amounts receivable within one year40/41€527€682▲

Trade receivables40€527€682▲

Cash at bank and in hand54/58€1k€1k▲

Deferred charges and accrued income490/1-€455

Equity and liabilities

Total equity and liabilities10/49€306k€281k▼

Equity10/15€20k€18k▼

Contributions10/11€105k€105k=

Profit (loss) carried forward14€-85k€-87k▼

Amounts payable17/49€286k€262k▼

Amounts payable after more than one year17€173k€157k▼

Financial debts170/4€173k€157k▼

Amounts payable within one year42/48€112k€103k▼

Current portion of amounts payable after more than one year42€15k€16k▲

Financial debts43-€8k

Credit institutions430/8-€8k

Trade debts44€2k€885▼

Suppliers440/4€2k€885▼

Taxes, remuneration and social security45€250€750▲

Taxes450/3€250€750▲

Other amounts payable47/48€95k€78k▼

Accrued charges and deferred income492/3€1k€2k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▼

Other operating charges640/8€2k€3k▲

Non-recurring operating charges66A-€514

Gross operating margin9900€33k€41k▲

Operating profit (loss)9901€-3k€4k▲

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€6k€6k▲

Recurring financial charges65€6k€6k▲

Profit (loss) for the period before taxes9903€-8k€-2k▲

Profit (loss) for the period9904€-8k€-2k▲

Profit (loss) for the period to be appropriated9905€-8k€-2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-85k€-87k▼

Profit (loss) brought forward from the previous period14P€-77k€-85k▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-08