Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 183.7 to 54.9.
Financials
Financial year 2025
KONVERT OFFICE from Kortrijk, company number BE0462133437, closed financial year 2025 with a result of € 388,617 after tax. For that financial year KONVERT OFFICE recorded a gross margin of € 5.2 million and equity of € 2.6 million. Compared with financial year 2023, the result moved from € 206,541 to € 388,617. Profitable, and profit is growing. 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 June 11, 2026.
€ 2.6 million
▲ 18% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 388,617
▲ 88% vs 2023
Profit after tax over the fiscal year.
€ 16,519
▼ 97% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.5 million.
People and assets in 2025
54.9
▼ 84 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 4.9 million
▼ 19% vs 2023
€ 89,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 23,775
▼ 84% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 119,002
▼ 75% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,588,099 | € 8,904,403 | - | - | |
| Gross margin | - | - | € 6,303,591 | € 5,212,190 | ▼ 17% |
| Profit after taxes | € -287,278 | € -280,646 | € 206,541 | € 388,617 | ▲ 88% |
| Equity | € 2,274,026 | € 1,993,380 | € 2,199,921 | € 2,588,539 | ▲ 18% |
| Total debts | € 1,369,859 | € 1,234,575 | € 1,086,958 | € 173,563 | ▼ 84% |
| Cash | € 2,633,472 | € 2,211,465 | € 646,225 | € 16,519 | ▼ 97% |
| Retained profit | € 2,174,026 | € 1,893,380 | € 2,099,921 | € 2,488,539 | ▲ 19% |
| Bank debt | € 460,000 | € 481,795 | € 454,445 | € 0 | ▼ 100% |
| Balance sheet total | € 3,643,885 | € 3,227,955 | € 3,286,880 | € 2,762,102 | ▼ 16% |
| Employees (FTE) | 160.5 | 183.7 | 138.9 | 54.9 | ▼ 84 |
Key figures of KONVERT OFFICE, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 June 2027.
What happened to KONVERT OFFICE?
What happened at KONVERT OFFICE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Konvert NV stepped down as director. NBB
- Freddy Verschetse stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 388,617 (▲ 88% vs 2023). Source: NBB ↗
- Freddy Verschetse became a director. NBB
- Konvert NV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 287,278 loss in 2021 to € 388,617 profit in 2025.
Paid € 174,529 in corporate taxes since 2021.
Best year ever: 2025, with € 388,617 profit.
On average € 94,900 of value added per employee in 2025.
Management
The stake of KONVERT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KONVERT OFFICEThe shares are held by KONVERT (100%).
Directors
According to the 2025 annual accounts
Director · represented by Wim Verhelst
Also active at: KONVERT INTERIM BRUSSELS, KONVERT CONSTRUCT, KONVERT INTERIM WALLONIE, KONVERT HR
since 2019 · until 2026
Freddy Verschetse
Managing director
Also active at: KONVERT, KONVERT INTERIM BRUSSELS, Konvert Service, BEDRIJVENCENTRUM - VLAAMSE ARDENNEN, ARGUS VERZEKERINGEN, AXS, KONVERT CONSTRUCT, KONVERT INTERIM WALLONIE +1 more
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
President Kennedylaan(Kor) 7
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Details
- Company number
- 0462.133.437
- VAT number
- BE 0462.133.437
- Registered office
- President Kennedylaan(Kor) 7, 8500 Kortrijk
- Names & denominations
- KONVERT OFFICE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1997
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening
Interimkantoren en tijdelijke tewerkstelling