KONVERT CONSTRUCT
InactiveInactive since 25-07-2026; last annual accounts for fiscal year 2025. Dissolved and wound up in a single deed.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 12-07-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
29 d late
2023
28 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
67 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Employment placement agencies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€8.4m▼ 17.2%
2022 · €10.1m
EBIT margin
-3.2%▼ 3.5pp
2022 · 0.3%
Net result
€35,305
2024 · -€31,605
Working capital
€3.5m▼ 0.2%
2024 · €3.5m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€10.1m€10.1m▼ 0.5%€8.4m▼ 17.2%
Operating result-€308,554€34,368-€265,217-€135,371▲ 49.0%-€40,327▲ 70.2%
Net result-€293,716below the sector's middle half€77,309within the sector's middle half-€177,670below the sector's middle half-€31,605below the sector's middle half▲ 82.2%€35,305within the sector's middle half
EBIT margin-3.0%0.3%▲ 3.4pp-3.2%▼ 3.5pp
Equity€3.6mabove the sector's middle half▼ 7.5%€3.7mabove the sector's middle half▲ 2.1%€3.5mabove the sector's middle half▼ 4.8%€3.5mabove the sector's middle half▼ 0.9%€3.5mabove the sector's middle half▲ 1.0%
Total assets€4.4mwithin the sector's middle half▼ 37.1%€4.3mwithin the sector's middle half▼ 1.2%€4.5mwithin the sector's middle half▲ 3.6%€4.1mabove the sector's middle half▼ 9.1%€3.5mwithin the sector's middle half▼ 13.2%
Debt€778,705▼ 74.7%€646,479▼ 17.0%€981,720▲ 51.9%€603,921▼ 38.5%€29,680▼ 95.1%
Working capital€3.4mabove the sector's middle half▼ 44.2%€3.5mabove the sector's middle half▲ 2.9%€3.4mabove the sector's middle half▼ 4.5%€3.5mabove the sector's middle half▲ 5.0%€3.5mabove the sector's middle half▼ 0.2%
Solvency82.3%above the sector's middle half▲ 26.3pp85.1%above the sector's middle half▲ 2.8pp78.2%above the sector's middle half▼ 6.9pp85.2%above the sector's middle half▲ 7.1pp99.2%above the sector's middle half▲ 13.9pp
Current ratio5.40above the sector's middle half▼ 4.506.60above the sector's middle half▲ 1.204.45above the sector's middle half▼ 2.157.30above the sector's middle half▲ 2.84
Return on assets (ROA)-6.7%below the sector's middle half▼ 9.8pp1.8%within the sector's middle half▲ 8.5pp-4.0%below the sector's middle half▼ 5.7pp-0.8%below the sector's middle half▲ 3.2pp1.0%within the sector's middle half▲ 1.8pp
Staff (FTE)184.4within the sector's middle half▲ 709%169.7within the sector's middle half▼ 8.0%132.3within the sector's middle half▼ 22.0%107.3above the sector's middle half▼ 18.9%0.2below the sector's middle half▼ 99.8%
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Staff (FTE) -100% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2024 Net result +82% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
- 2021 Staff (FTE) +709% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40,327 in 2025 against €135,371 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3.5m
Equity
€3.5m ▲ 1.0%
Debt
€29,680 ▼ 95.1%
Debt's share of the balance-sheet total falls from 14.8% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.01▼
2024 · 0.17
ROE
1.0%▲
2024 · -0.9%
Debt ≤ 1 year
€29,680▼
2024 · €560,069
Income taxes
€5,918▲
2024 · €2,466
Staff costs
€16,495▼
2024 · €6.9m
A ratio outside any meaningful range has been withheld (balance sheet total €3.5m, equity €3.5m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €10.2m | €10.2m | €8.4m | - | - | - |
| Turnover70 | €10.1m | €10.1m | €8.4m | - | - | - |
| Other operating income74 | €90,826 | €65,680 | €63,806 | - | - | - |
| Non-recurring operating income76A | - | - | - | €375,541 | - | - |
| Operating charges60/66A | €10.5m | €10.1m | €8.7m | - | - | - |
| Goods for resale, raw materials and consumables60 | €1.1m | €937,922 | €714,793 | - | - | - |
| Purchases600/8 | €1.1m | €937,922 | €714,793 | - | - | - |
| Services and other goods61 | €655,098 | €542,603 | €626,185 | - | - | - |
| Remuneration, social security and pensions62 | €8.7m | €8.5m | €7.2m | €6.9m | €16,495 | ▼ 99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,894 | €72,075 | €60,434 | €7,222 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€34,919 | €12,637 | €11,357 | -€842 | -€104,920 | ▼ 12,354% |
| Other operating charges640/8 | €37,498 | €3,735 | €19,067 | €11,806 | €103,422 | ▲ 776% |
| Non-recurring operating charges66A | - | - | - | €1,142 | - | - |
| Gross operating margin9900 | - | - | - | €6.8m | -€25,329 | ▼ 100% |
| Operating profit (loss)9901 | -€308,554 | €34,368 | -€265,217 | -€135,371 | -€40,327 | ▲ 70.2% |
| Financial income75/76B | €30,951 | €55,241 | €111,815 | €141,582 | €85,313 | ▼ 39.7% |
| Recurring financial income75 | €30,951 | €11,000 | €111,815 | €141,582 | €85,313 | ▼ 39.7% |
| Income from current assets751 | €13,573 | €2,503 | €96,857 | - | - | - |
| Other financial income752/9 | €17,379 | €8,497 | €14,958 | - | - | - |
| Non-recurring financial income76B | - | €44,240 | €0 | - | - | - |
| Financial charges65/66B | €15,025 | €10,774 | €23,012 | €35,350 | €3,763 | ▼ 89.4% |
| Recurring financial charges65 | €15,025 | €10,774 | €23,012 | €35,350 | €3,763 | ▼ 89.4% |
| Debt charges650 | €4,500 | €6,408 | €16,015 | - | - | - |
| Other financial charges652/9 | €10,525 | €4,366 | €6,997 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€292,628 | €78,834 | -€176,415 | -€29,139 | €41,223 | ▲ 241% |
| Income taxes67/77 | €1,088 | €1,525 | €1,255 | €2,466 | €5,918 | ▲ 140% |
| Taxes670/3 | €1,088 | €1,525 | €1,255 | - | - | - |
| Profit (loss) for the period9904 | -€293,716 | €77,309 | -€177,670 | -€31,605 | €35,305 | ▲ 212% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €18,890 | - |
| Profit (loss) for the period to be appropriated9905 | -€293,716 | €77,309 | -€177,670 | -€31,605 | €54,195 | ▲ 271% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.4m | €4.3m | €4.5m | €4.1m | €3.5m | ▼ 13.2% |
| Fixed assets21/28 | €196,603 | €191,589 | €164,076 | €491 | - | - |
| Intangible fixed assets21 | €0 | €18,535 | €34,601 | €0 | - | - |
| Tangible fixed assets22/27 | €196,603 | €172,562 | €128,984 | €0 | - | - |
| Furniture and vehicles24 | €40,760 | €65,829 | €49,874 | €0 | - | - |
| Other tangible fixed assets26 | €155,843 | €106,734 | €79,110 | €0 | - | - |
| Financial fixed assets28 | €0 | €491 | €491 | €491 | - | - |
| Other financial fixed assets284/8 | €0 | €491 | €491 | - | - | - |
| Amounts receivable and cash guarantees285/8 | €0 | €491 | €491 | - | - | - |
| Current assets29/58 | €4.2m | €4.1m | €4.3m | €4.1m | €3.5m | ▼ 13.2% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €662,010 | €630,752 | €704,169 | €1.2m | €50,423 | ▼ 95.8% |
| Trade receivables40 | €592,620 | €627,277 | €661,935 | €1.1m | €50,423 | ▼ 95.4% |
| Other amounts receivable41 | €69,390 | €3,475 | €42,234 | €101,319 | - | - |
| Current investments50/53 | - | - | €2.6m | €0 | €3.5m | - |
| Other investments51/53 | - | - | €2.6m | - | - | - |
| Cash at bank and in hand54/58 | €3.5m | €3.5m | €985,020 | €2.9m | €5,887 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | €6,065 | €42,315 | €0 | €2,386 | €6,545 | ▲ 174% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.4m | €4.3m | €4.5m | €4.1m | €3.5m | ▼ 13.2% |
| Equity10/15 | €3.6m | €3.7m | €3.5m | €3.5m | €3.5m | ▲ 1.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €3.6m | €3.6m | €3.5m | €3.4m | €3.4m | ▼ 0.6% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | €18,890 | €18,890 | €18,890 | €18,890 | - | - |
| Distributable reserves133 | €3.5m | €3.6m | €3.4m | €3.4m | €3.4m | = |
| Profit (loss) carried forward14 | - | - | - | - | €54,195 | - |
| Amounts payable17/49 | €778,705 | €646,479 | €981,720 | €603,921 | €29,680 | ▼ 95.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Other loans174 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €777,104 | €628,196 | €972,997 | €560,069 | €29,680 | ▼ 94.7% |
| Financial debts43 | - | €2,290 | €508,509 | €121 | - | - |
| Credit institutions430/8 | - | €2,290 | €508,509 | €121 | - | - |
| Trade debts44 | €360,874 | €231,542 | €118,842 | €148,799 | €4,692 | ▼ 96.8% |
| Suppliers440/4 | €360,874 | €231,542 | €118,842 | €148,799 | €4,692 | ▼ 96.8% |
| Taxes, remuneration and social security45 | €416,230 | €394,363 | €345,646 | €411,149 | €1,244 | ▼ 99.7% |
| Taxes450/3 | €26,917 | €1,088 | €9,716 | €0 | €1,001 | - |
| Remuneration and social security454/9 | €389,313 | €393,275 | €335,930 | €411,149 | €243 | ▼ 99.9% |
| Other amounts payable47/48 | - | - | - | - | €23,744 | - |
| Accrued charges and deferred income492/3 | €1,601 | €18,283 | €8,723 | €43,852 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€293,716 | €77,309 | -€177,670 | -€31,605 | €35,305 | ▲ 212% |
| + Depreciation and write-downs630 | €81,894 | €72,075 | €60,434 | €7,222 | - | - |
| Operating cash flow (approximation) | -€211,822 | €149,384 | -€117,236 | -€24,383 | €35,305 | ▲ 245% |
| Investment in fixed assets (approximation) | - | -€67,061 | -€32,921 | €156,362 | - | - |
| Change in cash | - | -€54,896 | -€2.5m | €1.9m | -€2.9m | ▼ 252% |
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
04-08
State Gazette act
End & cessationApproval · Dissolution · Liquidation distribution11 facts ▸
State Gazette act
End & cessation
Approval · Dissolution · Liquidation distribution11 facts ▸
- General meeting, 11-06-2026
- Other statement, afsluiting lopend boekjaar, 11-06-2026
- Approval, goedgekeurd, jaarrekening
- Other statement, jaarrekening 2026-01-01 tot heden, schulden ten aanzien van derden
- Dissolution, onderhavige akte, ontbinding en vereffening in één akte
- Liquidation distribution, terugname door de aandeelhouders zelf, in verhouding tot hun aandelenbezit
- Other statement, einde mandaat bestuurders, ontbinding en invereffeningstelling
- Other statement, kwijting bestuurders, 11-06-2026
- Other statement, consignatie van de gelden en waarden die aan de aandeelhouders toekomen en die hen niet kunnen worden afgegeven, artikel 2:102 van het Wetboek van vennootschapp…
- Liquidation closure
- Power of attorney
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €35,305
Net result €35,305 after 2 loss-making years.
31-12
Financial
Liquidity times 16current ratio 119.56
Current ratio from 7.30 to 119.56; short-term debt falls from €560,069 to €29,680.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €77,309
Net result €77,309 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€293,716
Net result drops to -€293,716, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 9.90
Current ratio from 3.68 to 9.90; short-term debt falls from €1.3m to €688,555.
Show earlier events
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
31-12
Financial
Highest result since 2018net €419,089 ▲155%
Operating result €614,586, net result €419,089, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk
Ground area
8,464 m²
Building footprint
1,096 m²
Parcel 34354D0089/00P000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0089/00P000 | Flanders | 8,464 m² | 1 · 1,096 m² | - |
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.
Articles of association
Custody of records
Zetel van de vennootschap, boeken en bescheiden van de vennootschap
Structure & network
Owners and holdings
2 ownersChain of control
- KONVERT
- KONVERT CONSTRUCT
Highest known parent: KONVERT. The sources do not say who stands above it.
Owners 2
- KONVERTparentSourceaccounts KONVERT 202567.97%
-
32.03%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,514 EUR awarded · 3,514 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,514 EUR | 3,514 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
967600IY6E29RMMYS480
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 290 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477232971
Registered
01-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.