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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Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
CONVER from Gavere, company number BE0682476162, closed financial year 2024 with a result of € -19,649 after tax. For that financial year CONVER recorded a gross margin of € 9,317 and equity of € 27,027. Compared with financial year 2023, the result moved from € -6,547 to € -19,649. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2025.
€ 27,027
▼ 43% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19,649
▼ 200 % more loss than in 2023
Profit after tax over the fiscal year.
€ 10,610
▲ 126% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 20,827.
People and assets in 2024
€ 40,110
▼ 32% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 22,752
▼ 20% vs 2023
€ 6,120 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 15,780
▲ 132% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1,174
▼ 90% 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 | € 44,912 | € 61,194 | € 11,836 | € 9,317 | ▼ 21% |
| Profit after taxes | € 21,351 | € 31,697 | € -6,547 | € -19,649 | ▼ € 13,102 |
| Equity | € 22,386 | € 54,083 | € 47,536 | € 27,027 | ▼ 43% |
| Total debts | € 54,041 | € 116,617 | € 55,547 | € 54,466 | ▼ 2% |
| Cash | € 5,675 | € 105,786 | € 4,697 | € 10,610 | ▲ 126% |
| Retained profit | € 16,036 | € 47,733 | € 41,186 | € 20,827 | ▼ 49% |
| Dividend | € 0 | € 0 | € 0 | € 860 | |
| Bank debt | € 21,465 | € 0 | € 28,589 | € 22,752 | ▼ 20% |
| Balance sheet total | € 76,427 | € 170,700 | € 103,083 | € 81,493 | ▼ 21% |
Key figures of CONVER, 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 CONVER?
What happened at CONVER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 19,649. filed late Source: NBB ↗
- New establishment in Gavere. KBO
- Start of the company according to the CBE. KBO
- Tim Verschelden became a director. NBB
- Marc Boeykens became a director. NBB
- Kevin Connolly became a director. NBB
In short
From € 21,351 profit in 2021 to € 19,649 loss in 2024.
Paid € 17,645 in corporate taxes since 2021.
Best year ever: 2022, with € 31,697 profit.
Paid out € 860 in dividends to the owners in total.
Management
Behind CONVER are Tim Verschelden, Marc Boeykens and Kevin Connolly.
Directors
According to the 2024 annual accounts
Tim Verschelden
Director
since 2017
Marc Boeykens
Director
since 2017
Kevin Connolly
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Gentsebaan 78 box A
9890 Gavere
Gentsebaan 78A
9890 Gavere
Active since 3 October 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0682.476.162
- VAT number
- BE 0682.476.162
- Registered office
- Gentsebaan 78 bus A, 9890 Gavere
- Names & denominations
- CONVER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2017
- Peppol
- Active · Active since 12 Feb 2025
- Activities · NACE
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