Financials
Financial year 2025
KONVERT from Kortrijk, company number BE0405423970, closed financial year 2025 with a result of € 194,597 after tax. For that financial year KONVERT recorded revenue of € 5.4 million and equity of € 22.4 million. Compared with financial year 2024, the result moved from € 421,059 to € 194,597. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 22.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 194,597
▼ 54% vs 2024
Profit after tax over the fiscal year.
€ 267,845
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 140,345 paid out
72 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
35.3
▼ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▼ 12% vs 2024
€ 58,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 541,155
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▼ 11% vs 2024
€ 403,864 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1.2 million
▲ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 176 days on average.
€ 354,005
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,910,198 | € 5,890,949 | € 6,001,981 | € 5,358,050 | ▼ 11% |
| Profit after taxes | € 703,327 | € 622,257 | € 421,059 | € 194,597 | ▼ 54% |
| Equity | € 21,705,065 | € 22,092,889 | € 22,306,538 | € 22,360,791 | |
| Total debts | € 5,259,354 | € 6,303,419 | € 4,743,425 | € 4,676,306 | ▼ 1% |
| Cash | € 7,461,441 | € 2,121,621 | € 8,471,317 | € 267,845 | ▼ 97% |
| Land & buildings | € 9,836,343 | € 9,382,196 | € 8,934,075 | € 8,494,691 | ▼ 5% |
| Retained profit | € 21,643,065 | € 22,030,889 | € 22,244,538 | € 22,298,791 | |
| Dividend | € 354,893 | € 234,433 | € 207,409 | € 140,345 | ▼ 32% |
| Bank debt | € 4,250,869 | € 4,215,589 | € 3,474,376 | € 3,076,805 | ▼ 11% |
| Balance sheet total | € 26,964,419 | € 28,396,308 | € 27,049,963 | € 27,037,097 | |
| Employees (FTE) | 38.5 | 25.9 | 38.9 | 35.3 | ▼ 3.6 |
Key figures of KONVERT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KONVERT?
What happened at KONVERT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Anne-Marie Vervaeke stepped down as director. NBB
- Silvie Verschetse stepped down as director. NBB
- Freddy Verschetse stepped down as director. NBB
- Stefanie Verschetse stepped down as director. NBB
- Siska Verschetse stepped down as director. NBB
- Sofie Verschetse stepped down as director. NBB
- Wim Verhelst stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 194,597 (▼ 54% vs 2024). Source: NBB ↗
In short
From € 703,327 profit in 2022 to € 194,597 profit in 2025.
Paid € 726,776 in corporate taxes since 2022.
Best year ever: 2022, with € 703,327 profit.
Paid out € 937,080 in dividends to the owners in total.
Management
The stake of Konvert Service comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KONVERTThe shares are held by Konvert Service (35.5%). It owns 100% of Konvert Office, 95% of Konvert Interim Brussels, 68% of Konvert Construct, 68% of Konvert HR and 68% of Konvert Interim Wallonie itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2031
Freddy Verschetse
Managing director
Also active at: KONVERT INTERIM BRUSSELS, Konvert Service, BEDRIJVENCENTRUM - VLAAMSE ARDENNEN, ARGUS VERZEKERINGEN, KONVERT OFFICE, AXS, KONVERT CONSTRUCT, KONVERT INTERIM WALLONIE +1 more
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2031
Shareholders
35.5%
Participations
Establishments
Establishment units
Physical locations of this company
Bohemenberg(Kor) 23 A
8500 Kortrijk
Bohemenberg(Kor) 23A
8500 Kortrijk
Active since 1 April 1964
President Kennedylaan(Kor) 7
8500 Kortrijk
Active since 1 September 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
PROXIMUS-ISP-AS, BE
Website info
Features
Security
Details
- Company number
- 0405.423.970
- VAT number
- BE 0405.423.970
- Registered office
- Bohemenberg(Kor) 23 A, 8500 Kortrijk
- Names & denominations
- KONVERT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Dec 2025
- Contact
- konvert.be
- Activities · NACE
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