CORVUS SOLUTIONS
ActiveSummary
CORVUS SOLUTIONS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-2k) and a net result of €-31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-40
Solvency20▼-42
Growth32▼-46
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 0.89 against 1.94 in 2023; short-term debt: 79% and cash: 42.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-5%
Return on assets
-76.8%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
33 d early
2022
38 d early
2021
37 d early
2020
36 d early
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-2k
2023 · €29k
Total assets
€40k▼ 49.0%
2023 · €78k
Net result
€-31k▼ 1,072%
2023 · €-3k
Working capital
€-4k
2023 · €29k
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
Line20202021202220232024
Operating result€-18k▼ 610%€34k€14k▼ 57.3%€-1k€-31k▼ 1,981%
Net result€-19k▼ 597%€31k€10k▼ 69.0%€-3k€-31k▼ 1,072%
Equity€-9k€22k€31k▲ 44.6%€29k▼ 8.4%€-2k
Total assets€27k▼ 41.7%€63k▲ 133%€159k▲ 152%€78k▼ 50.8%€40k▼ 49.0%
Debt€36k▼ 0.6%€41k▲ 13.7%€128k▲ 208%€50k▼ 61.1%€42k▼ 15.6%
Working capital€-4k€21k€75k▲ 263%€29k▼ 61.1%€-4k
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 €31k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40k
Fixed assets
€12k ▼ 33.9%
Current assets
€28k ▼ 53.6%
Key figures and ratios
EBITDA
€-26k▼
2023 · €4k
Cash flow
€-25k▼
2023 · €3k
Solvency
-5.0%▼
2023 · 36.6%
Current ratio
0.89▼
2023 · 1.94
Quick ratio
0.86▼
2023 · 1.94
Debt to equity
-20.93▼
2023 · 1.73
ROA
-76.8%▼
2023 · -3.3%
Interest coverage
-34.48▼
2023 · 3.08
Debt ≤ 1 year
€32k▲
2023 · €31k
Debt > 1 year
€10k▼
2023 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €5k | €5k | €5k | ▲ 1.0% |
| Other operating charges640/8 | - | €561 | €565 | €557 | €732 | ▲ 31.4% |
| Non-recurring operating charges66A | - | - | €21 | €0 | - | - |
| Gross operating margin9900 | €-13k | €39k | €21k | €4k | €-25k | ▼ 681% |
| Operating profit (loss)9901 | €-18k | €34k | €14k | €-1k | €-31k | ▼ 1,981% |
| Financial income75/76B | - | €52 | €0 | €89 | €1k | ▲ 1,091% |
| Recurring financial income75 | €42 | €52 | €0 | €89 | €1k | ▲ 1,091% |
| Financial charges65/66B | - | €635 | €2k | €1k | €745 | ▼ 38.7% |
| Recurring financial charges65 | €759 | €635 | €2k | €1k | €745 | ▼ 38.7% |
| Profit (loss) for the period before taxes9903 | €-19k | €33k | €13k | €-3k | €-31k | ▼ 1,072% |
| Income taxes67/77 | - | €2k | €3k | €0 | - | - |
| Profit (loss) for the period9904 | €-19k | €31k | €10k | €-3k | €-31k | ▼ 1,072% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €31k | €10k | €-3k | €-31k | ▼ 1,072% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €63k | €159k | €78k | €40k | ▼ 49.0% |
| Fixed assets21/28 | €9k | €7k | €23k | €18k | €12k | ▼ 33.9% |
| Tangible fixed assets22/27 | €8k | €5k | €21k | €16k | €12k | ▼ 26.4% |
| Plant, machinery and equipment23 | - | €5k | €21k | €16k | €11k | ▼ 31.5% |
| Furniture and vehicles24 | - | - | - | - | €827 | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Current assets29/58 | €18k | €57k | €136k | €60k | €28k | ▼ 53.6% |
| Stocks and contracts in progress3 | - | €10k | - | - | €720 | - |
| Contracts in progress37 | - | €10k | - | - | €720 | - |
| Amounts receivable within one year40/41 | €7k | €31k | €21k | €24k | €9k | ▼ 62.8% |
| Trade receivables40 | - | €31k | €20k | €14k | €905 | ▼ 93.5% |
| Other amounts receivable41 | - | - | €1k | €10k | €8k | ▼ 19.9% |
| Current investments50/53 | €533 | €1k | €7k | €14k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €10k | €11k | €99k | €20k | €17k | ▼ 16.6% |
| Deferred charges and accrued income490/1 | - | €4k | €8k | €2k | €1k | ▼ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €63k | €159k | €78k | €40k | ▼ 49.0% |
| Equity10/15 | €-9k | €22k | €31k | €29k | €-2k | ▼ 107% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | - | €9k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | €9k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-22k | - | - | €-3k | €-33k | ▼ 1,172% |
| Amounts payable17/49 | €36k | €41k | €128k | €50k | €42k | ▼ 15.6% |
| Amounts payable after more than one year17 | €15k | €6k | €28k | €19k | €10k | ▼ 44.2% |
| Financial debts170/4 | - | €6k | €28k | €19k | €10k | ▼ 44.2% |
| Amounts payable within one year42/48 | €22k | €36k | €61k | €31k | €32k | ▲ 1.7% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | €11k | €8k | ▼ 24.1% |
| Trade debts44 | €2k | €3k | €30k | €17k | €18k | ▲ 6.1% |
| Suppliers440/4 | - | €3k | €30k | €17k | €18k | ▲ 6.1% |
| Taxes, remuneration and social security45 | - | €16k | €12k | €2k | €424 | ▼ 73.8% |
| Taxes450/3 | - | €16k | €12k | €2k | €424 | ▼ 73.8% |
| Other amounts payable47/48 | - | €8k | €9k | €1k | €4k | ▲ 271% |
| Accrued charges and deferred income492/3 | - | - | €39k | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €31k | €10k | €-3k | €-31k | ▼ 1,072% |
| + Depreciation and write-downs630 | €5k | €5k | €5k | €5k | €5k | ▲ 1.0% |
| Operating cash flow (approximation) | €-14k | €36k | €15k | €3k | €-25k | ▼ 1,072% |
| Investment in fixed assets (approximation) | - | €-2k | €-22k | €0 | €860 | - |
| Change in cash | - | €1k | €88k | €-79k | €-3k | ▲ 95.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herentals · 1 establishment unit since 2019
Ground area
17.8 ha
Building footprint
4.5 ha
Parcel 13302D0060/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
Corvus Solutions
since 20192.285.230.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0060/00S000 | Flanders | 17.8 ha | 1 · 4.5 ha | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 7,334 EUR awarded · 7,334 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 966 EUR | 966 EUR |
| 2023 | 1 | 4,634 EUR | 4,634 EUR |
| 2022 | 1 | 1,734 EUR | 1,734 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 14,195 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
Founded05-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
64210Activities of holding companies
70200Business and other management consultancy
73110Advertising agencies
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.