Financials
Financial year 2024
CORVAN from Tielt, company number BE0447404382, closed financial year 2024 with a result of € 23,997 after tax. For that financial year CORVAN recorded a gross margin of € 141,849 and equity of € 307,440. Compared with financial year 2023, the result moved from € 42,387 to € 23,997. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 307,440
▲ 22% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,997
▼ 43% vs 2023
Profit after tax over the fiscal year.
€ 3,723
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 244,439.
People and assets in 2024
€ 35,938
▲ 57% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 460,775
▲ € 351,790 vs 2023
€ 50,313 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 112,955
▼ 46% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 46,486
▼ 29% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 97,801 | € 131,408 | € 135,441 | € 141,849 | ▲ 5% |
| Profit after taxes | € 31,041 | € 58,006 | € 42,387 | € 23,997 | ▼ 43% |
| Equity | € 151,035 | € 209,041 | € 251,428 | € 307,440 | ▲ 22% |
| Total debts | € 331,605 | € 566,145 | € 478,670 | € 719,076 | ▲ 50% |
| Cash | - | € 68,557 | € 0 | € 3,723 | |
| Land & buildings | - | € 18,920 | € 17,017 | € 414,881 | ▲ € 397,864 |
| Retained profit | € 120,049 | € 178,054 | € 220,441 | € 244,439 | ▲ 11% |
| Bank debt | € 114,760 | € 94,964 | € 108,985 | € 460,775 | ▲ € 351,790 |
| Balance sheet total | € 482,641 | € 775,186 | € 730,098 | € 1,026,515 | ▲ 41% |
Key figures of CORVAN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CORVAN?
What happened at CORVAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 23,997 (▼ 43% vs 2023). filed late Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,041 profit in 2021 to € 23,997 profit in 2024.
Paid € 83,626 in corporate taxes since 2021.
Best year ever: 2022, with € 58,006 profit.
Management
Behind CORVAN is Koenraad VANNESTE.
Directors
According to the 2024 annual accounts
Koenraad VANNESTE
Director
Establishments
Establishment units
Physical locations of this company
Nagelstraat 22
8700 Tielt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.404.382
- VAT number
- BE 0447.404.382
- Registered office
- Nagelstraat 22, 8700 Tielt
- Names & denominations
- CORVAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 May 1992
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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