ACTIVE

CORVA

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Financial year 2025 · closed on 31/12/2025

Net result

227,2 k €

-71.9% YoY

Revenue

85,1 M €

-4.7% YoY

Equity

2 M €

+12.9% YoY

What does CORVA do?

CORVA is a Public limited company incorporated in 1988. Its registered office is in Vleteren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.744.201

Incorporation

25/06/1988

Legal form

Public limited company

Registered office

Woestenstraat(Oost) 41
8640 Vleteren · FlandreSee on map

Contributed capital

148 736,11 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	85,1 M €	-4.7%	89,3 M €	+3.2%	86,5 M €	+30.4%	66,4 M €	+22.8%	54 M €	-13.5%	62,4 M €	+26.2%	49,5 M €	+11.2%	44,5 M €	+10.9%	40,1 M €	-10.2%	44,7 M €	-7.5%	48,3 M €	-3.3%	50 M €	+12.4%	44,5 M €	+25.7%	35,4 M €	-0.4%	35,5 M €	-7.2%	38,3 M €	-8.6%	41,8 M €	+4.5%	40,1 M €	+7.2%	37,4 M €
EBITDA	385,7 k €	-46.2%	717,2 k €	-40.0%	1,2 M €	+87.8%	636,3 k €	+455%	114,6 k €	-71.7%	405,1 k €	+32.1%	306,6 k €	+7.1%	286,3 k €	-25.6%	384,7 k €	+40.4%	274 k €	-22.8%	355,1 k €	-16.1%	423,1 k €	+1.6%	416,4 k €	+52.8%	272,6 k €	-3.2%	281,5 k €	-19.9%	351,7 k €	+1515%	-24,9 k €	-104%	710,2 k €	+37.3%	517,1 k €
Operating result	482,7 k €	-53.4%	1 M €	+18.1%	877,3 k €	+41.9%	618,3 k €	+291%	158,3 k €	-57.4%	371,5 k €	+40.5%	264,5 k €	+12.4%	235,3 k €	-31.0%	340,9 k €	+49.5%	228 k €	-23.8%	299,2 k €	-17.4%	362,2 k €	+4.2%	347,4 k €	+70.1%	204,3 k €	-4.9%	214,8 k €	-5.2%	226,5 k €	+327%	-99,9 k €	-115%	662,3 k €	+38.0%	480,1 k €
Net result	227,2 k €	-71.9%	807,8 k €	+36.5%	591,9 k €	+29.3%	457,8 k €	+234%	137,1 k €	-45.9%	253,4 k €	-0.3%	254 k €	+12.5%	225,8 k €	-19.7%	281,3 k €	-13.3%	324,4 k €	-8.5%	354,8 k €	+10.6%	320,9 k €	+0.8%	318,2 k €	+75.7%	181,1 k €	-16.8%	217,6 k €	-5.9%	231,3 k €	+1360%	-18,4 k €	-103%	576,5 k €	+60.7%	358,8 k €
Balance sheet
Equity	2 M €	+12.9%	1,8 M €	+84.9%	951,5 k €	-76.6%	4,1 M €	+12.7%	3,6 M €	-14.7%	4,2 M €	+6.4%	4 M €	-8.4%	4,3 M €	+1.1%	4,3 M €	+4.4%	4,1 M €	+8.6%	3,8 M €	+5.9%	3,6 M €	+0.6%	3,6 M €	+6.5%	3,3 M €	+5.7%	3,2 M €	+7.4%	2,9 M €	+8.6%	2,7 M €	-0.7%	2,7 M €	+19.9%	2,3 M €
Total assets	6,4 M €	+5.9%	6,1 M €	-30.4%	8,7 M €	+7.8%	8,1 M €	+32.5%	6,1 M €	-15.3%	7,2 M €	+8.4%	6,7 M €	+2.9%	6,5 M €	+3.0%	6,3 M €	+10.0%	5,7 M €	-3.3%	5,9 M €	+0.0%	5,9 M €	+10.8%	5,3 M €	+8.7%	4,9 M €	+7.8%	4,6 M €	-12.5%	5,2 M €	+2.8%	5,1 M €	-4.5%	5,3 M €	+18.3%	4,5 M €
Cash	1,3 M €	+286%	325,1 k €	-77.1%	1,4 M €	-26.8%	1,9 M €	-16.6%	2,3 M €	+151%	928,1 k €	-41.7%	1,6 M €	-41.2%	2,7 M €	+3.5%	2,6 M €	+12.0%	2,3 M €	+15.6%	2 M €	+191%	695 k €	-18.9%	857,2 k €	-14.5%	1 M €	-17.1%	1,2 M €	-26.9%	1,7 M €	+29.9%	1,3 M €	-13.0%	1,5 M €	+80.7%	809,8 k €
Debts	4,3 M €	+7.0%	4 M €	-44.4%	7,2 M €	+91.0%	3,8 M €	+67.1%	2,3 M €	-15.0%	2,7 M €	+13.0%	2,4 M €	+30.9%	1,8 M €	+8.9%	1,7 M €	+31.1%	1,3 M €	-31.9%	1,9 M €	-9.8%	2,1 M €	+36.8%	1,5 M €	+16.3%	1,3 M €	+16.3%	1,1 M €	-43.7%	2 M €	-3.8%	2,1 M €	-19.8%	2,6 M €	+16.8%	2,2 M €
Other
Workforce	–		–		–		0,0 ETP	-100%	0,3 ETP	-40.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-16.7%	0,6 ETP	-14.3%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	-12.5%	0,8 ETP	+33.3%	0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 24 ended

Active mandates

GLM

Managing director · since 01 novembre 2023 · 1001.941.506

Represented by Cornette Guillaume

Active

MLC

Managing director · since 01 novembre 2023 · 1001.942.395

Represented by Cornette Michèle

Active

Vico

Managing director · since 01 novembre 2023 · 1001.936.754

Represented by Cornette Vincent

Active

Ended mandates

GLM

Director · since 01 novembre 2023 · 1001.941.506

Represented by Cornette GUILLAUME

Ended

GLM

Director · since 01 novembre 2023 · until 19 mai 2029 · 1001.941.506

Represented by Cornette GUILLAUME

Ended

MLC

Director · since 01 novembre 2023 · 1001.942.395

Represented by Cornette MICHÈLE

Ended

MLC

Director · since 01 novembre 2023 · until 19 mai 2029 · 1001.942.395

Represented by Cornette MICHÈLE

Ended

At this address

Other companies at this address

Company	CBE no.
Cornette beleggingen● Active	0726.552.269
Cornette participatie● Active	0726.552.368
CORVA TRANS● Active	0469.692.608
MIVIGUI● Active	0455.520.611

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/07/2026	18/07/2025	29/08/2024	30/06/2023	14/07/2022	19/07/2021
General meeting	16/05/2026	17/05/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
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
Full model	31/12/2025	16/05/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	17/05/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	18/05/2024	29/08/2024	Dutch	PDF
Full model	31/12/2022	20/05/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	21/05/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	15/05/2021	19/07/2021	Dutch	PDF
Full model	31/12/2019	16/05/2020	10/07/2020	Dutch	PDF
Full model	31/12/2018	18/05/2019	13/06/2019	Dutch	PDF
Full model	31/12/2017	19/05/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	20/05/2017	25/07/2017	Dutch	PDF
Full model	31/12/2015	21/05/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	16/05/2015	13/07/2015	Dutch	PDF
Full model	31/12/2013	17/05/2014	18/08/2014	Dutch	PDF
Full model	31/12/2012	18/05/2013	26/08/2013	Dutch	PDF
Full model	31/12/2011	19/05/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	21/05/2011	23/08/2011	Dutch	PDF
Full model	31/12/2009	15/05/2010	26/07/2010	Dutch	PDF
Full model	31/12/2008	16/05/2009	28/07/2009	Dutch	PDF
Full model	31/12/2007	17/05/2008	27/08/2008	Dutch	PDF
Full model	31/12/2006	19/05/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 24 ended

Active mandates

GLM

Managing director · since 01 novembre 2023 · 1001.941.506

Represented by Cornette Guillaume

Active

MLC

Managing director · since 01 novembre 2023 · 1001.942.395

Represented by Cornette Michèle

Active

Vico

Managing director · since 01 novembre 2023 · 1001.936.754

Represented by Cornette Vincent

Active

Ended mandates

GLM

Director · since 01 novembre 2023 · 1001.941.506

Represented by Cornette GUILLAUME

Ended

GLM

Director · since 01 novembre 2023 · until 19 mai 2029 · 1001.941.506

Represented by Cornette GUILLAUME

Ended

MLC

Director · since 01 novembre 2023 · 1001.942.395

Represented by Cornette MICHÈLE

Ended

MLC

Director · since 01 novembre 2023 · until 19 mai 2029 · 1001.942.395

Represented by Cornette MICHÈLE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2023
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2003
ONTSLAGEN - BENOEMINGEN
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 2025227,2 k €↓
2024
Annual accounts 2024807,8 k €↑
2023
Annual accounts 2023591,9 k €↑
2022
Annual accounts 2022457,8 k €↑
2021
Annual accounts 2021137,1 k €↓
2019
Annual accounts 2019253,4 k €↓
2018
Annual accounts 2018254 k €↑
2017
Annual accounts 2017225,8 k €↓
2016
Annual accounts 2016281,3 k €↓
2015
Annual accounts 2015324,4 k €↓
2014
Annual accounts 2014354,8 k €↑
2013
Annual accounts 2013320,9 k €↑
2012
Annual accounts 2012318,2 k €↑
2011
Annual accounts 2011181,1 k €↓
2010
Annual accounts 2010217,6 k €↓
2009
Annual accounts 2009231,3 k €↑
2008
Annual accounts 2008-18,4 k €↓
2007
Annual accounts 2007576,5 k €↑
2006
Annual accounts 2006358,8 k €
25/06/1988
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

CORVA

Overview

What does CORVA do?

Trend over 19 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