Summary
Corvo Nero is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €111,693 and a net result of €26,520. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 8091 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
8 d early
2023
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 23 July (3 of the last 3 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€111,693▲ 31.1%
2024 · €85,174
Net result
€26,520▲ 1,069%
2024 · €2,269
Total assets
€155,891▲ 19.5%
2024 · €130,490
Solvency
71.6%▲ 6.4pp
2024 · 65.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line202320242025
Operating result€102,134-€3,139▼ 96.9%€38,142▲ 1,115%
Net result€81,405within the sector's middle half-€2,269below the sector's middle half▼ 97.2%€26,520within the sector's middle half▲ 1,069%
Equity€82,905below the sector's middle half-€85,174within the sector's middle half▲ 2.7%€111,693within the sector's middle half▲ 31.1%
Total assets€121,593below the sector's middle half-€130,490within the sector's middle half▲ 7.3%€155,891within the sector's middle half▲ 19.5%
Debt€38,688-€45,316▲ 17.1%€44,197▼ 2.5%
Working capital€95within the sector's middle half-€2,668within the sector's middle half▲ 2,719%€29,492within the sector's middle half▲ 1,005%
Solvency68.2%within the sector's middle half-65.3%within the sector's middle half▼ 2.9pp71.6%within the sector's middle half▲ 6.4pp
Current ratio1.00within the sector's middle half-1.06within the sector's middle half▲ 0.061.67within the sector's middle half▲ 0.61
Return on assets (ROA)66.9%above the sector's middle half-1.7%within the sector's middle half▼ 65.2pp17.0%within the sector's middle half▲ 15.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 recovers in 2025; 2025 is 1,115% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155,891
Fixed assets
€82,202 ▼ 0.4%
Current assets
€73,689 ▲ 53.6%
Equity and liabilities €155,891
Equity
€111,693 ▲ 31.1%
Debt
€44,197 ▼ 2.5%
Debt's share of the balance-sheet total falls from 34.7% to 28.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
23.7%▲
2024 · 2.7%
Debt ≤ 1 year
€44,197▼
2024 · €45,316
Income taxes
€11,823▲
2024 · €1,902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €233 | €304 | €304 | = |
| Other operating charges640/8 | €581 | €15 | €187 | ▲ 1,116% |
| Gross operating margin9900 | €102,947 | €3,458 | €38,634 | ▲ 1,017% |
| Operating profit (loss)9901 | €102,134 | €3,139 | €38,142 | ▲ 1,115% |
| Financial income75/76B | €642 | €1,717 | €2,492 | ▲ 45.1% |
| Recurring financial income75 | €642 | €1,717 | €2,492 | ▲ 45.1% |
| Financial charges65/66B | €624 | €685 | €2,292 | ▲ 234% |
| Recurring financial charges65 | €624 | €685 | €2,292 | ▲ 234% |
| Profit (loss) for the period before taxes9903 | €102,153 | €4,171 | €38,343 | ▲ 819% |
| Income taxes67/77 | €20,748 | €1,902 | €11,823 | ▲ 522% |
| Profit (loss) for the period9904 | €81,405 | €2,269 | €26,520 | ▲ 1,069% |
| Profit (loss) for the period to be appropriated9905 | €81,405 | €2,269 | €26,520 | ▲ 1,069% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €121,593 | €130,490 | €155,891 | ▲ 19.5% |
| Fixed assets21/28 | €82,810 | €82,506 | €82,202 | ▼ 0.4% |
| Tangible fixed assets22/27 | €2,810 | €2,506 | €2,202 | ▼ 12.1% |
| Other tangible fixed assets26 | €2,810 | €2,506 | €2,202 | ▼ 12.1% |
| Financial fixed assets28 | €80,000 | €80,000 | €80,000 | = |
| Current assets29/58 | €38,782 | €47,983 | €73,689 | ▲ 53.6% |
| Amounts receivable within one year40/41 | €33,269 | €42,609 | €72,054 | ▲ 69.1% |
| Trade receivables40 | €7,340 | €8,331 | €10,495 | ▲ 26.0% |
| Other amounts receivable41 | €25,930 | €34,278 | €61,559 | ▲ 79.6% |
| Cash at bank and in hand54/58 | €3,721 | €5,375 | €1,636 | ▼ 69.6% |
| Deferred charges and accrued income490/1 | €1,792 | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €121,593 | €130,490 | €155,891 | ▲ 19.5% |
| Equity10/15 | €82,905 | €85,174 | €111,693 | ▲ 31.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €81,405 | €83,674 | €110,193 | ▲ 31.7% |
| Distributable reserves133 | €81,405 | €83,674 | €110,193 | ▲ 31.7% |
| Amounts payable17/49 | €38,688 | €45,316 | €44,197 | ▼ 2.5% |
| Amounts payable within one year42/48 | €38,688 | €45,316 | €44,197 | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | - | - | €12,228 | - |
| Trade debts44 | €3,534 | €7,247 | €5,740 | ▼ 20.8% |
| Suppliers440/4 | €3,534 | €7,247 | €5,740 | ▼ 20.8% |
| Taxes, remuneration and social security45 | €33,453 | €38,068 | €26,229 | ▼ 31.1% |
| Taxes450/3 | €33,453 | €38,068 | €26,229 | ▼ 31.1% |
| Other amounts payable47/48 | €1,701 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,405 | €2,269 | €26,520 | ▲ 1,069% |
| + Depreciation and write-downs630 | €233 | €304 | €304 | = |
| Operating cash flow (approximation) | €81,638 | €2,573 | €26,824 | ▲ 942% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €1,653 | -€3,739 | ▼ 326% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €100,000Eq €111,693 ▲31.1%
3 profitable years in a row build equity to €111,693.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €2,269 ▼97.2%
Net result drops to €2,269, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Riemst · 1 establishment unit since 2022
Ground area
1,335 m²
Building footprint
222 m²
Volume, LiDAR
1,129 m³
Parcel 73027A0801/00T000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Quaestor Advisory
since 20222.334.601.146
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73027A0801/00T000 | Flanders | 1,335 m² | 1 · 222 m² | 8.2 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
40%
According to the 2025 annual accounts of Corvo Nero and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 12,595 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-08-2022
Fiscal year end31-12
Trade name NL
Quaestor Advisory
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0789947412
Also
9925:BE0789947412
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.