ACTIVE

Konvert Service

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Financial year 2025 · closed on 31/12/2025

Net result

821,1 k €

-57.3% YoY

Gross margin

5,6 M €

-12.8% YoY

Equity

62,3 M €

+1.3% YoY

Workforce

60,7 ETP

+27.8% YoY

What does Konvert Service do?

Konvert Service is a Public limited company incorporated in 1981. Its registered office is in Kortrijk. It employs on average 60,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.662.859

Incorporation

25/05/1981

Legal form

Public limited company

Registered office

Bohemenberg(Kor) 23A
8500 Kortrijk · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

60,7 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	5,6 M €	-12.8%	6,4 M €	+7.7%	6 M €	-11.9%	6,8 M €	-25.0%	9 M €	+4.8%	8,6 M €	+7.5%	8 M €	-4.8%	8,4 M €	+5.8%	7,9 M €	-10.3%	8,9 M €	+10.9%	8 M €	-2.0%	8,1 M €	+16.8%	7 M €	+12.4%	6,2 M €	-5.9%	6,6 M €	+0.2%	6,6 M €	+16.1%	5,7 M €	-10.2%	6,3 M €	+21.8%	5,2 M €	+23.0%	4,2 M €
EBITDA	3 M €	-29.3%	4,2 M €	+8.4%	3,9 M €	-23.7%	5,1 M €	-32.5%	7,5 M €	+6.2%	7,1 M €	+9.9%	6,4 M €	-5.9%	6,8 M €	+9.5%	6,2 M €	-16.5%	7,5 M €	+10.2%	6,8 M €	+1.7%	6,7 M €	+23.2%	5,4 M €	+1.5%	5,3 M €	-4.6%	5,6 M €	-0.7%	5,6 M €	+21.6%	4,6 M €	-14.4%	5,4 M €	+25.2%	4,3 M €	+25.6%	3,4 M €
Operating result	897 k €	-59.2%	2,2 M €	+7.4%	2 M €	-39.2%	3,4 M €	-42.6%	5,9 M €	+8.0%	5,4 M €	+9.4%	5 M €	-9.1%	5,5 M €	+7.1%	5,1 M €	-19.0%	6,3 M €	+10.6%	5,7 M €	+1.9%	5,6 M €	+25.5%	4,4 M €	+6.8%	4,2 M €	-3.0%	4,3 M €	-10.4%	4,8 M €	+20.3%	4 M €	-13.3%	4,6 M €	+29.1%	3,6 M €	+34.4%	2,6 M €
Net result	821,1 k €	-57.3%	1,9 M €	+9.6%	1,8 M €	-33.2%	2,6 M €	-42.1%	4,5 M €	+14.4%	4 M €	+16.2%	3,4 M €	-11.5%	3,9 M €	+13.8%	3,4 M €	-34.2%	5,2 M €	+25.3%	4,1 M €	-1.7%	4,2 M €	+21.7%	3,4 M €	-7.5%	3,7 M €	-5.9%	3,9 M €	+22.1%	3,2 M €	+14.3%	2,8 M €	-23.0%	3,7 M €	+37.7%	2,7 M €	+22.3%	2,2 M €
Balance sheet
Equity	62,3 M €	+1.3%	61,5 M €	+3.2%	59,6 M €	+3.0%	57,8 M €	+2.0%	56,7 M €	+0.4%	56,5 M €	+7.7%	52,4 M €	+4.5%	50,2 M €	+5.8%	47,4 M €	+5.3%	45 M €	+10.2%	40,9 M €	+11.2%	36,7 M €	+11.5%	33 M €	+11.6%	29,5 M €	+14.4%	25,8 M €	+17.9%	21,9 M €	+17.2%	18,7 M €	+17.8%	15,8 M €	+30.1%	12,2 M €	+28.0%	9,5 M €
Total assets	66,9 M €	+3.1%	64,9 M €	-0.0%	65 M €	+8.9%	59,7 M €	+0.3%	59,5 M €	+3.1%	57,7 M €	-1.1%	58,3 M €	+11.5%	52,3 M €	+7.7%	48,6 M €	+3.4%	47 M €	+12.7%	41,7 M €	-4.9%	43,8 M €	+13.1%	38,7 M €	+8.3%	35,8 M €	+11.9%	32 M €	+2.6%	31,2 M €	+16.1%	26,9 M €	+12.6%	23,9 M €	+31.2%	18,2 M €	+16.9%	15,6 M €
Cash	2,7 M €	+51.3%	1,8 M €	-45.2%	3,3 M €	-52.9%	7 M €	-14.1%	8,2 M €	-15.6%	9,7 M €	-28.6%	13,6 M €	+72.2%	7,9 M €	-28.5%	11 M €	+12.6%	9,8 M €	+45.2%	6,7 M €	-38.0%	10,9 M €	+18.5%	9,2 M €	+48.8%	6,2 M €	+30.7%	4,7 M €	-53.4%	10,1 M €	+744%	1,2 M €	+6843%	17,3 k €	-75.8%	71,5 k €	-63.4%	195,2 k €
Debts	3,4 M €	+52.6%	2,2 M €	-46.8%	4,2 M €	+522%	676,8 k €	-58.7%	1,6 M €	+246%	473,3 k €	-91.2%	5,4 M €	+238%	1,6 M €	+201%	528 k €	-60.9%	1,3 M €	+136%	571,2 k €	-91.7%	6,9 M €	+21.3%	5,7 M €	-6.8%	6,1 M €	+0.2%	6,1 M €	-34.1%	9,2 M €	+14.0%	8,1 M €	+0.7%	8 M €	+33.4%	6 M €	-0.6%	6 M €
Other
Workforce	60,7 ETP	+27.8%	47,5 ETP	+59.4%	29,8 ETP	+89.8%	15,7 ETP	-1.9%	16,0 ETP	+6.0%	15,1 ETP	-8.5%	16,5 ETP	-9.8%	18,3 ETP	-4.7%	19,2 ETP	+9.7%	17,5 ETP	+23.2%	14,2 ETP	+10.1%	12,9 ETP	-11.6%	14,6 ETP	-6.4%	15,6 ETP	-17.0%	18,8 ETP	-9.6%	20,8 ETP	-1.0%	21,0 ETP	-1.4%	21,3 ETP	+9.8%	19,4 ETP	+4.3%	18,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

Teles

Director · since 01 juillet 2026 · until 30 juin 2032 · 0781.813.268

Represented by Frederik Van Bever

Active

Anne-Marie Vervaeke

Director · since 25 avril 2022 · until 24 avril 2028

Active

Freddy Verschetse

Managing director · since 25 avril 2022 · until 25 avril 2028

Active

Frederik Van Bever

Director · since 01 mars 2022 · until 01 juillet 2026

Active

Ended mandates

Anne-Marie Vervaeke

Managing director · since 25 avril 2022 · until 25 avril 2028

Ended

Anne-Marie Vervaeke

Managing director · since 25 avril 2022 · until 30 juin 2028

Ended

Freddy Verschetse

Managing director · since 25 avril 2022 · until 30 juin 2028

Ended

Frederik Van Bever

Director · since 01 mars 2022 · until 28 février 2028

Ended

At this address

Other companies at this address

Company	CBE no.
ARGUS VERZEKERINGEN● Active	0454.063.631

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	29/08/2025	23/08/2024	25/07/2023	25/08/2022	17/08/2021
General meeting	31/08/2026	26/06/2025	27/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	26/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	23/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	25/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	03/07/2020	07/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/04/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	24/04/2017	03/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/04/2016	04/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/04/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/04/2014	21/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/04/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/04/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	16/12/2010	10/01/2011	Dutch	PDF
Abridged model	31/12/2008	17/12/2009	22/07/2010	Dutch	PDF
Abridged model	31/12/2007	15/12/2008	14/05/2009	Dutch	PDF
Abridged model	31/12/2006	13/12/2007	20/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

Teles

Director · since 01 juillet 2026 · until 30 juin 2032 · 0781.813.268

Represented by Frederik Van Bever

Active

Anne-Marie Vervaeke

Director · since 25 avril 2022 · until 24 avril 2028

Active

Freddy Verschetse

Managing director · since 25 avril 2022 · until 25 avril 2028

Active

Frederik Van Bever

Director · since 01 mars 2022 · until 01 juillet 2026

Active

Ended mandates

Anne-Marie Vervaeke

Managing director · since 25 avril 2022 · until 25 avril 2028

Ended

Anne-Marie Vervaeke

Managing director · since 25 avril 2022 · until 30 juin 2028

Ended

Freddy Verschetse

Managing director · since 25 avril 2022 · until 30 juin 2028

Ended

Frederik Van Bever

Director · since 01 mars 2022 · until 28 février 2028

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Other24/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ALGEMENE VERGADERING
PDF
Mandates11/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other14/01/2011
DOELUITBREIDING - STATUTEN WIJZIGING
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025821,1 k €↓
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 20231,8 M €↓
2022
Annual accounts 20222,6 M €↓
25/04/2022
reconductionFreddy Verschetse — bestuurder
25/04/2022
reconductionAnne-Marie Vervaeke — bestuurder
01/03/2022
nominationFrederik Van Bever — bestuurder
2021
Annual accounts 20214,5 M €↑
2020
Annual accounts 20204 M €↑
2019
Annual accounts 20193,4 M €↓
2018
Annual accounts 20183,9 M €↑
2017
Annual accounts 20173,4 M €↓
2016
Annual accounts 20165,2 M €↑
2015
Annual accounts 20154,1 M €↓
2014
Annual accounts 20144,2 M €↑
2013
Annual accounts 20133,4 M €↓
2012
Annual accounts 20123,7 M €↓
2011
Annual accounts 20113,9 M €↑
2010
Annual accounts 20103,2 M €↑
2009
Annual accounts 20092,8 M €↓
2008
Annual accounts 20083,7 M €↑
2007
Annual accounts 20072,7 M €↑
2006
Annual accounts 20062,2 M €
25/05/1981
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Konvert Service

Overview

What does Konvert Service do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline