ACTIVE

CORVAN

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Financial year 2024 · closed on 31/12/2024

Net result

24 k €

-43.4% YoY

Gross margin

141,8 k €

+4.7% YoY

Equity

307,4 k €

+22.3% YoY

What does CORVAN do?

CORVAN is a Public limited company incorporated in 1992. Its main activity is: Computer programming activities. Its registered office is in Tielt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.404.382

Incorporation

13/05/1992

Legal form

Public limited company

Registered office

Nagelstraat 22
8700 Tielt · FlandreSee on map

Contributed capital

63 001,23 €

Latest accounts

31/12/2024

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	141,8 k €	+4.7%	135,4 k €	+3.1%	131,4 k €	+34.4%	97,8 k €	+90.7%	51,3 k €	+2.7%	49,9 k €	-21.7%	63,8 k €	-19.8%	79,5 k €	-25.5%	106,7 k €	+27.1%	84 k €	-8.7%	92 k €	+125%	41 k €	+0.1%	40,9 k €	+21.6%	33,6 k €	+7.9%	31,2 k €	+185%	10,9 k €	-12.1%	12,4 k €
EBITDA	104,7 k €	-19.0%	129,2 k €	+10.4%	117 k €	+35.1%	86,6 k €	+89.7%	45,6 k €	-6.2%	48,7 k €	-17.3%	58,9 k €	-22.3%	75,8 k €	-25.9%	102,4 k €	+26.7%	80,8 k €	-10.8%	90,6 k €	+138%	38 k €	+3.6%	36,6 k €	+14.2%	32,1 k €	+7.9%	29,7 k €	+222%	9,2 k €	-19.2%	11,4 k €
Operating result	60,3 k €	-34.8%	92,5 k €	+6.1%	87,1 k €	+45.8%	59,7 k €	+429%	11,3 k €	-9.5%	12,5 k €	-38.8%	20,4 k €	-37.3%	32,6 k €	-48.6%	63,3 k €	+131%	27,4 k €	+4.4%	26,3 k €	+41.1%	18,6 k €	+42.0%	13,1 k €	+35.3%	9,7 k €	+57.6%	6,1 k €	+516%	997,3 €	-83.1%	5,9 k €
Net result	24 k €	-43.4%	42,4 k €	-26.9%	58 k €	+86.9%	31 k €	+564%	-6,7 k €	-110%	-3,2 k €	+68.9%	-10,2 k €	-273%	5,9 k €	-43.7%	10,5 k €	+132%	4,5 k €	+673%	584,1 €	-93.2%	8,6 k €	+307%	2,1 k €	+123%	-9,2 k €	-229%	-2,8 k €	-54.0%	-1,8 k €	-141%	4,5 k €
Balance sheet
Equity	307,4 k €	+22.3%	251,4 k €	+20.3%	209 k €	+38.4%	151 k €	+162%	57,7 k €	-10.4%	64,4 k €	-4.7%	67,6 k €	-13.1%	77,9 k €	+8.2%	72 k €	+17.0%	61,5 k €	+7.9%	57 k €	+1.0%	56,4 k €	+18.0%	47,8 k €	+4.6%	45,7 k €	-16.8%	54,9 k €	-4.9%	57,7 k €	-3.1%	59,5 k €
Total assets	1 M €	+40.6%	730,1 k €	-5.8%	775,2 k €	+60.6%	482,6 k €	+9.9%	439,2 k €	+2.1%	430 k €	-8.8%	471,7 k €	-19.6%	586,5 k €	-19.9%	732,6 k €	+4.1%	703,5 k €	-1.0%	710,6 k €	+79.3%	396,4 k €	+37.3%	288,8 k €	+5.7%	273,3 k €	+4.9%	260,5 k €	+264%	71,5 k €	-28.5%	100 k €
Cash	3,7 k €		0 €	-100%	68,6 k €		–		13 k €		–		5,9 k €		–		9,6 k €	+14.5%	8,3 k €	+68.9%	4,9 k €	-91.7%	59,2 k €	+153%	23,4 k €	+637%	3,2 k €	+195%	1,1 k €	-88.0%	9 k €	+760%	1 k €
Debts	634,4 k €	+36.2%	466 k €	-17.6%	565,3 k €	+70.9%	330,7 k €	-13.3%	381,4 k €	+4.3%	365,6 k €	-9.5%	404,1 k €	-20.6%	508,6 k €	-23.0%	660,7 k €	+3.3%	639,3 k €	-1.8%	650,9 k €	+92.9%	337,5 k €	+41.9%	237,8 k €	+5.3%	225,9 k €	+10.9%	203,7 k €	+1540%	12,4 k €	-67.4%	38 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 10 ended

Active mandates

Koenraad VANNESTE

Director

Active

Ended mandates

Koenraad Vanneste

Gedelegeerd bestuurder · since 26 avril 2016

Ended

Koenraad Vanneste

Managing director · since 26 avril 2016 · until 23 décembre 2020

Ended

Koenraad Vanneste

Managing director · since 26 avril 2016 · until 26 avril 2022

Ended

Robert VANNESTE

Director · since 26 avril 2016 · until 26 avril 2022

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	20/09/2024	31/10/2023	13/10/2022	28/10/2021	17/12/2020
General meeting	26/09/2025	16/08/2024	03/10/2023	09/10/2022	27/10/2021	15/12/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	26/09/2025	30/09/2025	Dutch	PDF
Micro model	31/12/2023	16/08/2024	20/09/2024	Dutch	PDF
Micro model	31/12/2022	03/10/2023	31/10/2023	Dutch	PDF
Micro model	31/12/2021	09/10/2022	13/10/2022	Dutch	PDF
Micro model	31/12/2020	27/10/2021	28/10/2021	Dutch	PDF
Micro model	31/12/2019	15/12/2020	17/12/2020	Dutch	PDF
Micro model	31/12/2018	27/09/2019	30/09/2019	Dutch	PDF
Micro model	31/12/2017	18/09/2018	18/09/2018	Dutch	PDF
Micro model	31/12/2016	26/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	27/09/2016	28/09/2016	Dutch	PDF
Abridged model	31/12/2014	24/09/2015	26/09/2015	Dutch	PDF
Abridged model	31/12/2013	19/09/2014	25/09/2014	Dutch	PDF
Abridged model	31/12/2012	20/09/2013	20/09/2013	Dutch	PDF
Abridged model	31/12/2011	10/10/2012	10/10/2012	Dutch	PDF
Abridged model	31/12/2010	30/09/2011	11/10/2011	Dutch	PDF
Abridged model	31/12/2009	29/09/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	30/09/2009	30/09/2009	Dutch	PDF
Abridged model	31/12/2007	27/11/2008	27/11/2008	Dutch	PDF
Abridged model	31/12/2006	11/12/2007	12/12/2007	Dutch	PDF
Abridged model	31/12/2005	28/12/2006	15/01/2007	Dutch	PDF
Abridged model	31/12/2004	27/02/2006	15/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2024 · 1 active · 10 ended

Active mandates

Koenraad VANNESTE

Director

Active

Ended mandates

Koenraad Vanneste

Gedelegeerd bestuurder · since 26 avril 2016

Ended

Koenraad Vanneste

Managing director · since 26 avril 2016 · until 23 décembre 2020

Ended

Koenraad Vanneste

Managing director · since 26 avril 2016 · until 26 avril 2022

Ended

Robert VANNESTE

Director · since 26 avril 2016 · until 26 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates02/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2008
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

2024
Annual accounts 202424 k €↓
2023
Annual accounts 202342,4 k €↓
2022
Annual accounts 202258 k €↑
2021
Annual accounts 202131 k €↑
2018
Annual accounts 2018-6,7 k €↓
2017
Annual accounts 2017-3,2 k €↑
2016
Annual accounts 2016-10,2 k €↓
2015
Annual accounts 20155,9 k €↓
2014
Annual accounts 201410,5 k €↑
2013
Annual accounts 20134,5 k €↑
2012
Annual accounts 2012584,1 €↓
2011
Annual accounts 20118,6 k €↑
2010
Annual accounts 20102,1 k €↑
2009
Annual accounts 2009-9,2 k €↓
2008
Annual accounts 2008-2,8 k €↓
2007
Annual accounts 2007-1,8 k €↓
2006
Annual accounts 20064,5 k €
13/05/1992
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

CORVAN

Overview

What does CORVAN do?

Trend over 17 financial years

Indicative valuation

Board of directors

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