CORVUS
ActiveSummary
CORVUS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€314,257) and a net result of -€30,569. Equity is shrinking by ~16.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▲+15
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.03 in 2024; short-term debt: 13.8% and cash: 0.7% 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
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 · 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
-66.2%
Return on assets
-6.4%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€314,257
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
35 d early
2023
5 d early
2022
2 d late
2021
3 d early
2020
10 d late
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€314,257▼ 10.8%
2024 · -€283,689
Total assets
€474,498▼ 6.0%
2024 · €504,665
Net result
-€30,569▲ 30.4%
2024 · -€43,940
Working capital
-€61,137▼ 46.6%
2024 · -€41,698
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€16,558▲ 45.9%-€16,491▲ 0.4%-€32,711▼ 98.4%-€35,159▼ 7.5%-€24,083▲ 31.5%
Net result-€25,377▲ 37.3%-€24,475▲ 3.6%-€40,255▼ 64.5%-€43,940▼ 9.2%-€30,569▲ 30.4%
Equity-€175,019▼ 17.0%-€199,494▼ 14.0%-€239,748▼ 20.2%-€283,689▼ 18.3%-€314,257▼ 10.8%
Total assets€607,847▼ 5.6%€571,761▼ 5.9%€537,423▼ 6.0%€504,665▼ 6.1%€474,498▼ 6.0%
Debt€782,866▼ 1.3%€771,255▼ 1.5%€777,172▲ 0.8%€788,353▲ 1.4%€788,756▲ 0.1%
Working capital-€49,727▼ 30.4%-€59,339▼ 19.3%-€51,394▲ 13.4%-€41,698▲ 18.9%-€61,137▼ 46.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,083 in 2025 against €35,159 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474,498
Fixed assets
€470,160 ▼ 6.6%
Current assets
€4,339 ▲ 251%
Key figures and ratios
EBITDA
€9,187▲
2024 · -€1,370
Cash flow
€2,701▲
2024 · -€10,151
Solvency
-66.2%▼
2024 · -56.2%
Current ratio
0.07▲
2024 · 0.03
Debt to equity
-2.51▲
2024 · -2.78
ROA
-6.4%▲
2024 · -8.7%
Interest coverage
1.42▲
2024 · -0.16
Debt ≤ 1 year
€65,475▲
2024 · €42,932
Debt > 1 year
€720,751▼
2024 · €745,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.7%
went bankrupt
3.9%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 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% | 1.6% |
| 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 74% 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 1,242 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 | €36,439 | €35,431 | €34,335 | €33,789 | €33,270 | ▼ 1.5% |
| Other operating charges640/8 | - | €1,300 | €1,330 | €1,573 | €1,521 | ▼ 3.3% |
| Gross operating margin9900 | €19,981 | €20,240 | €2,954 | €203 | €10,708 | ▲ 5,181% |
| Operating profit (loss)9901 | -€16,558 | -€16,491 | -€32,711 | -€35,159 | -€24,083 | ▲ 31.5% |
| Financial charges65/66B | - | €7,984 | €7,544 | €8,781 | €6,486 | ▼ 26.1% |
| Recurring financial charges65 | €8,820 | €7,984 | €7,544 | €8,781 | €6,486 | ▼ 26.1% |
| Profit (loss) for the period before taxes9903 | -€25,377 | -€24,475 | -€40,255 | -€43,940 | -€30,569 | ▲ 30.4% |
| Profit (loss) for the period9904 | -€25,377 | -€24,475 | -€40,255 | -€43,940 | -€30,569 | ▲ 30.4% |
| Profit (loss) for the period to be appropriated9905 | -€25,377 | -€24,475 | -€40,255 | -€43,940 | -€30,569 | ▲ 30.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €607,847 | €571,761 | €537,423 | €504,665 | €474,498 | ▼ 6.0% |
| Fixed assets21/28 | €606,985 | €571,553 | €537,219 | €503,430 | €470,160 | ▼ 6.6% |
| Tangible fixed assets22/27 | €606,985 | €571,553 | €537,219 | €503,430 | €470,160 | ▼ 6.6% |
| Land and buildings22 | - | €571,553 | €537,219 | €503,430 | €470,160 | ▼ 6.6% |
| Current assets29/58 | €862 | €208 | €205 | €1,235 | €4,339 | ▲ 251% |
| Cash at bank and in hand54/58 | €676 | €17 | - | €92 | €3,142 | ▲ 3,333% |
| Deferred charges and accrued income490/1 | - | €190 | €205 | €1,143 | €1,197 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €607,847 | €571,761 | €537,423 | €504,665 | €474,498 | ▼ 6.0% |
| Equity10/15 | -€175,019 | -€199,494 | -€239,748 | -€283,689 | -€314,257 | ▼ 10.8% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | - | €18,592 | €18,592 | €18,592 | - | - |
| Other1109/19 | - | €18,592 | €18,592 | €18,592 | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | - | - |
| Legal reserve130 | - | - | - | €1,859 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | -€195,470 | -€219,945 | -€260,200 | -€304,140 | -€334,709 | ▼ 10.1% |
| Amounts payable17/49 | €782,866 | €771,255 | €777,172 | €788,353 | €788,756 | ▲ 0.1% |
| Amounts payable after more than one year17 | €732,277 | €709,158 | €725,573 | €745,421 | €720,751 | ▼ 3.3% |
| Financial debts170/4 | - | €709,158 | €725,573 | €745,421 | €720,751 | ▼ 3.3% |
| Amounts payable within one year42/48 | €50,589 | €59,547 | €51,599 | €42,932 | €65,475 | ▲ 52.5% |
| Current portion of amounts payable after more than one year42 | - | €23,119 | €23,585 | €24,182 | €24,670 | ▲ 2.0% |
| Financial debts43 | - | - | €2,073 | - | - | - |
| Credit institutions430/8 | - | - | €2,073 | - | - | - |
| Trade debts44 | - | - | €563 | - | - | - |
| Suppliers440/4 | - | - | €563 | - | - | - |
| Other amounts payable47/48 | - | €36,428 | €25,378 | €18,751 | €40,806 | ▲ 118% |
| Accrued charges and deferred income492/3 | - | €2,550 | - | - | €2,529 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,377 | -€24,475 | -€40,255 | -€43,940 | -€30,569 | ▲ 30.4% |
| + Depreciation and write-downs630 | €36,439 | €35,431 | €34,335 | €33,789 | €33,270 | ▼ 1.5% |
| Operating cash flow (approximation) | €11,061 | €10,957 | -€5,920 | -€10,151 | €2,701 | ▲ 127% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€659 | - | - | €3,050 | - |
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
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
27-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2019
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bornem · 1 establishment unit since 1989
Ground area
4,006 m²
Building footprint
444 m²
Volume, LiDAR
5,228 m³
2 parcels, Flanders · tallest building 19.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Paul Housmansstraat 8, 2050 Antwerpen
since 19892.041.970.358
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0865/00C002 | Flanders | 3,107 m² | 1 · 233 m² | 19.4 m · 6 fl. |
| 12024B0057/00A000 | Flanders | 898 m² | 1 · 211 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-1988
Fiscal year end30-06
Abbreviation NL
N.C.C
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436279868
Also
9925:BE0436279868
Registered
18-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.