Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 132.3 to 0.2.
Financials
Financial year 2025
KONVERT CONSTRUCT from Kortrijk, company number BE0477232971, closed financial year 2025 with a result of € 35,305 after tax. For that financial year KONVERT CONSTRUCT recorded a gross margin of € -25,329 and equity of € 3.5 million. Compared with financial year 2024, the result moved from € -31,605 to € 35,305. 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 July 12, 2026.
€ 3.5 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,305
▲ still € 31,605 loss in 2024
Profit after tax over the fiscal year.
€ 5,887
▼ € 2.9 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.5 million.
People and assets in 2025
0.2
▼ 107.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 16,495
▼ € 6.9 million vs 2024
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.
€ 4,692
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,244
▼ € 409,905 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,087,569 | € 8,352,232 | - | - | |
| Gross margin | - | - | € 6,829,633 | € -25,329 | ▼ € 6.9 million |
| Profit after taxes | € 77,309 | € -177,670 | € -31,605 | € 35,305 | ▲ € 66,910 |
| Equity | € 3,692,779 | € 3,515,109 | € 3,483,504 | € 3,518,809 | ▲ 1% |
| Total debts | € 646,479 | € 981,720 | € 603,921 | € 29,680 | ▼ 95% |
| Cash | € 3,474,602 | € 985,020 | € 2,876,092 | € 5,887 | ▼ € 2.9 million |
| Retained profit | € 3,631,279 | € 3,453,609 | € 3,422,004 | € 3,457,309 | ▲ 1% |
| Bank debt | € 2,290 | € 508,509 | € 121 | € 0 | ▼ 100% |
| Balance sheet total | € 4,339,258 | € 4,496,829 | € 4,087,425 | € 3,548,488 | ▼ 13% |
| Employees (FTE) | 169.7 | 132.3 | 107.3 | 0.2 | ▼ 107.1 |
Key figures of KONVERT CONSTRUCT, 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 CONSTRUCT?
What happened at KONVERT CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 35,305. Source: NBB ↗
- Konvert NV stepped down as director. NBB
- Freddy Verschetse stepped down as director. 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 € 77,309 profit in 2022 to € 35,305 profit in 2025.
Paid € 11,165 in corporate taxes since 2022.
Best year ever: 2022, with € 77,309 profit.
On average € 63,600 of value added per employee in 2024.
Management
The stake of KONVERT, Konvert Service comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KONVERT CONSTRUCTThe shares are held by KONVERT (68%) and Konvert Service (32%).
Directors
According to the 2025 annual accounts
Managing director · represented by Wim Verhelst
Also active at: KONVERT INTERIM BRUSSELS, KONVERT OFFICE, KONVERT INTERIM WALLONIE, KONVERT HR
since 2019 · until 2026
Freddy Verschetse
Chairman of the board, Managing director
Also active at: KONVERT INTERIM BRUSSELS, KONVERT OFFICE, KONVERT INTERIM WALLONIE
since 2020 · until 2026
Shareholders
68%
32%
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
- 0477.232.971
- VAT number
- BE 0477.232.971
- Registered office
- President Kennedylaan(Kor) 7, 8500 Kortrijk
- Names & denominations
- KONVERT CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 2002
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Interimkantoren en tijdelijke tewerkstelling
Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening
Arbeidsbemiddeling
Personeelsselectie en plaatsing