KORVENT
ActiveSummary
KORVENT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €613k and a net result of €111k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 7.42 against 9.4 in 2024; short-term debt: 13.5% and cash: 38.9% of total assets), and 13.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.5%
Return on assets
15.6%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
5 d late
2021
5 d late
2020
on the day
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€613k▲ 22.0%
2024 · €502k
2018: €124klowest in 8 years
2019: €197k▲ +58.8% vs 2018
2020: €393k▲ +99.6% vs 2019
2021: €562k▲ +43.1% vs 2020
2022: €611k▲ +8.6% vs 2021
2023: €657k▲ +7.6% vs 2022highest in 8 years
2024: €502k▼ -23.5% vs 2023
2025: €613k▲ +22.0% vs 2024
2018 → 2025
Total assets
€708k▲ 26.0%
2024 · €562k
2018: €553k
2019: €446k▼ -19.4% vs 2018lowest in 8 years
2020: €754k▲ +69.0% vs 2019
2021: €802k▲ +6.4% vs 2020
2022: €754k▼ -6.0% vs 2021
2023: €860k▲ +14.0% vs 2022highest in 8 years
2024: €562k▼ -34.6% vs 2023
2025: €708k▲ +26.0% vs 2024
2018 → 2025
Net result
€111k
2024 · €-155k
2018: €61k
2019: €73k▲ +19.2% vs 2018
2020: €196k▲ +169% vs 2019highest in 8 years
2021: €169k▼ -13.6% vs 2020
2022: €48k▼ -71.4% vs 2021
2023: €46k▼ -4.7% vs 2022
2024: €-155k▼ -435% vs 2023lowest in 8 years
2025: €111k▲ +172% vs 2024
2018 → 2025
Working capital
€613k▲ 22.0%
2024 · €502k
2018: €115klowest in 8 years
2019: €179k▲ +56.0% vs 2018
2020: €363k▲ +103% vs 2019
2021: €538k▲ +48.3% vs 2020
2022: €607k▲ +12.8% vs 2021
2023: €657k▲ +8.1% vs 2022highest in 8 years
2024: €502k▼ -23.5% vs 2023
2025: €613k▲ +22.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€562k-€611k▲ 8.6%€657k▲ 7.6%€502k▼ 23.5%€613k▲ 22.0%
2021: €562k
2022: €611k▲ +8.6% vs 2021
2023: €657k▲ +7.6% vs 2022highest in 5 years
2024: €502k▼ -23.5% vs 2023lowest in 5 years
2025: €613k▲ +22.0% vs 2024
Operating result€214k-€47k▼ 77.8%€43k▼ 8.6%€-174k€112k
2021: €214khighest in 5 years
2022: €47k▼ -77.8% vs 2021
2023: €43k▼ -8.6% vs 2022
2024: €-174k▼ -502% vs 2023lowest in 5 years
2025: €112k▲ +165% vs 2024
Net result€169k-€48k▼ 71.4%€46k▼ 4.7%€-155k€111k
2021: €169khighest in 5 years
2022: €48k▼ -71.4% vs 2021
2023: €46k▼ -4.7% vs 2022
2024: €-155k▼ -435% vs 2023lowest in 5 years
2025: €111k▲ +172% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €112k after a loss of €174k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €708k
Equity
€613k ▲ 22.0%
Debt
€95k ▲ 59.6%
Debt's share of the balance-sheet total rises from 10.6% to 13.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
7.42▼
2024 · 9.40
Quick ratio
5.23▼
2024 · 5.64
Debt to equity
0.16▲
2024 · 0.12
ROE
18.0%▲
2024 · -30.8%
ROA
15.6%▲
2024 · -27.5%
Debt ≤ 1 year
€95k▲
2024 · €60k
Income taxes
€11k▲
2024 · €160
Staff costs
€216k▼
2024 · €251k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€562k€708k▲
Current assets29/58€562k€708k▲
Stocks and contracts in progress3€225k€209k▼
Stocks30/36€181k€156k▼
Contracts in progress37€44k€53k▲
Amounts receivable within one year40/41€229k€217k▼
Trade receivables40€198k€188k▼
Other amounts receivable41€31k€29k▼
Cash at bank and in hand54/58€102k€276k▲
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€562k€708k▲
Equity10/15€502k€613k▲
Contributions10/11€12k€12k=
Reserves13€490k€600k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€471k€582k▲
Amounts payable17/49€60k€95k▲
Amounts payable within one year42/48€60k€95k▲
Financial debts43€3k€0▼
Other loans439€3k€0▼
Trade debts44€34k€61k▲
Suppliers440/4€34k€61k▲
Taxes, remuneration and social security45€23k€35k▲
Taxes450/3€482€11k▲
Remuneration and social security454/9€23k€23k▲
Income statement
Code20242025
Non-recurring operating income76A€10k€0▼
Remuneration, social security and pensions62€251k€216k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-16k€0▲
Other operating charges640/8€20k€4k▼
Gross operating margin9900€81k€333k▲
Operating profit (loss)9901€-174k€112k▲
Financial income75/76B€22k€13k▼
Recurring financial income75€22k€13k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-154k€122k▲
Income taxes67/77€160€11k▲
Profit (loss) for the period9904€-155k€111k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-155k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-155k€111k▲
Transfer from equity791/2€155k€0▼
Transfer to equity691/2€0€111k▲
To other reserves6921€0€111k▲
Social balance
Average headcount (FTE)90874.34.0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €282k | €338k | €293k | €251k | €216k | ▼ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €21k | €3k | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-4k | €2k | €0 | €-16k | €0 | ▲ 100% |
| Other operating charges640/8 | €7k | €3k | €5k | €20k | €4k | ▼ 77.9% |
| Gross operating margin9900 | €521k | €411k | €345k | €81k | €333k | ▲ 312% |
| Operating profit (loss)9901 | €214k | €47k | €43k | €-174k | €112k | ▲ 165% |
| Financial income75/76B | €32k | €26k | €32k | €22k | €13k | ▼ 40.6% |
| Recurring financial income75 | €32k | €26k | €32k | €22k | €13k | ▼ 40.6% |
| Financial charges65/66B | €6k | €6k | €3k | €2k | €3k | ▲ 52.7% |
| Recurring financial charges65 | €6k | €6k | €3k | €2k | €3k | ▲ 52.7% |
| Profit (loss) for the period before taxes9903 | €240k | €67k | €72k | €-154k | €122k | ▲ 179% |
| Income taxes67/77 | €70k | €19k | €26k | €160 | €11k | ▲ 6,964% |
| Profit (loss) for the period9904 | €169k | €48k | €46k | €-155k | €111k | ▲ 172% |
| Transfer from tax-exempt reserves789 | - | - | €180k | €0 | - | - |
| Transfer to tax-exempt reserves689 | €13k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €157k | €48k | €226k | €-155k | €111k | ▲ 172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €802k | €754k | €860k | €562k | €708k | ▲ 26.0% |
| Fixed assets21/28 | €24k | €3k | €0 | - | - | - |
| Tangible fixed assets22/27 | €24k | €3k | €0 | - | - | - |
| Land and buildings22 | €15k | - | - | - | - | - |
| Furniture and vehicles24 | €9k | €3k | €0 | - | - | - |
| Current assets29/58 | €778k | €750k | €860k | €562k | €708k | ▲ 26.0% |
| Stocks and contracts in progress3 | €111k | €168k | €133k | €225k | €209k | ▼ 7.1% |
| Stocks30/36 | €87k | €95k | €97k | €181k | €156k | ▼ 13.6% |
| Contracts in progress37 | €24k | €73k | €36k | €44k | €53k | ▲ 19.8% |
| Amounts receivable within one year40/41 | €651k | €570k | €635k | €229k | €217k | ▼ 5.2% |
| Trade receivables40 | €599k | €470k | €598k | €198k | €188k | ▼ 4.9% |
| Other amounts receivable41 | €52k | €100k | €37k | €31k | €29k | ▼ 7.5% |
| Cash at bank and in hand54/58 | €11k | €2k | €83k | €102k | €276k | ▲ 171% |
| Deferred charges and accrued income490/1 | €5k | €10k | €9k | €7k | €7k | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €802k | €754k | €860k | €562k | €708k | ▲ 26.0% |
| Equity10/15 | €562k | €611k | €657k | €502k | €613k | ▲ 22.0% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €550k | €598k | €644k | €490k | €600k | ▲ 22.6% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €199k | €199k | €19k | €19k | €19k | = |
| Distributable reserves133 | €349k | €398k | €626k | €471k | €582k | ▲ 23.5% |
| Amounts payable17/49 | €240k | €143k | €203k | €60k | €95k | ▲ 59.6% |
| Amounts payable within one year42/48 | €240k | €143k | €203k | €60k | €95k | ▲ 59.6% |
| Current portion of amounts payable after more than one year42 | €16k | - | - | - | - | - |
| Financial debts43 | €77k | €13k | €101k | €3k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €9k | €0 | - | - | - |
| Other loans439 | €77k | €4k | €101k | €3k | €0 | ▼ 100% |
| Trade debts44 | €101k | €69k | €76k | €34k | €61k | ▲ 80.3% |
| Suppliers440/4 | €101k | €69k | €76k | €34k | €61k | ▲ 80.3% |
| Taxes, remuneration and social security45 | €46k | €61k | €26k | €23k | €35k | ▲ 49.4% |
| Taxes450/3 | €18k | €15k | €6k | €482 | €11k | ▲ 2,267% |
| Remuneration and social security454/9 | €28k | €45k | €20k | €23k | €23k | ▲ 2.5% |
| Accrued charges and deferred income492/3 | €100 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €169k | €48k | €46k | €-155k | €111k | ▲ 172% |
| + Depreciation and write-downs630 | €22k | €21k | €3k | €0 | - | - |
| Operating cash flow (approximation) | €191k | €69k | €49k | €-155k | €111k | ▲ 172% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €-8k | €81k | €18k | €174k | ▲ 859% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €111k
Net result €111k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-155k
Net result drops to €-155k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 9.40
Current ratio from 4.24 to 9.40; short-term debt falls from €203k to €60k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 5 days late
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
30-09
Financial
Equity above €500kEq €562k ▲43.1%
4 profitable years in a row build equity to €562k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €196k ▲169%
Operating result €230k, net result €196k, both a record.
30-09
Financial
Equity above €200kEq €393k ▲99.6%
3 profitable years in a row build equity to €393k.
Show earlier events
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €150kEq €197k ▲58.8%
2 profitable years in a row build equity to €197k.
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
14-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kortrijk · 1 establishment unit since 2007
Ground area
1.7 ha
Building footprint
4,809 m²
Parcel 34016C1083/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Korvent
since 20072.160.772.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C1083/00L000 | Flanders | 1.7 ha | 1 · 4,809 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 29,200 EUR awarded · 29,200 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 8,885 EUR | 8,885 EUR |
| 2024 | 1 | 9,295 EUR | 9,295 EUR |
| 2023 | 2 | 7,297 EUR | 7,297 EUR |
| 2022 | 2 | 3,723 EUR | 3,723 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryKORVENT BV42413
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 3,759 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
Founded03-01-2007
Fiscal year end30-09
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.