ADMIN KOVICO
ActiveADMIN KOVICO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €1k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 23% of 7683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +27 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+42
Solvency23▲+5
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.0 in 2024), and 85.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7683 sector peers (2025).
NBB · sector comparisonPosition among 7683 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
85 d late
2023
44 d late
2022
66 d late
2021
25 d early
2020
42 d early
2019
65 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▲ 11.9%
2024 · €10k
2018: €10k
2019: €9k
2020: €9k
2021: €9k
2022: €10k
2023: €10k
2024: €10k
2018 → 2025
Total assets
€77k▼ 25.1%
2024 · €103k
2018: €51k
2019: €66k
2020: €42k
2021: €110k
2022: €114k
2023: €98k
2024: €103k
2018 → 2025
Net result
€1k▲ 428%
2024 · €231
2018: €674
2019: €-1k
2020: €26
2021: €96
2022: €670
2023: €187
2024: €231
2018 → 2025
Working capital
€6k
2024 · €-367
2018: €21k
2019: €19k
2020: €19k
2021: €9k
2022: €-261
2023: €-277
2024: €-367
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€10k▲ 7.3%€10k▲ 1.9%€10k▲ 2.3%€11k▲ 11.9%
Operating result€4k-€6k▲ 76.9%€5k▼ 11.9%€6k▲ 1.1%€6k▲ 15.8%
Net result€96-€670▲ 595%€187▼ 72.0%€231▲ 23.2%€1k▲ 428%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€6k▼ 66.2%
Current assets
€71k▼ 17.0%
Equity and liabilities €77k
Equity
€11k▲ 11.9%
Debt
€66k▼ 29.2%
The debt ratio falls from 90.1% to 85.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€18k▲
2024 · €17k
Cash flow
€13k▲
2024 · €12k
Solvency
14.9%▲
2024 · 9.9%
Current ratio
1.09▲
2024 · 1.00
Quick ratio
1.09▲
2024 · 1.00
Debt / equity
5.73▼
2024 · 9.06
ROE
10.6%▲
2024 · 2.3%
ROA
1.6%▲
2024 · 0.2%
Interest coverage
61.46▲
2024 · 45.94
Debt
€66k▼
2024 · €93k
Debt ≤ 1 year
€66k▼
2024 · €86k
Debt > 1 year
€0▼
2024 · €6k
Income taxes
€5k▼
2024 · €5k
Staff costs
€269k▲
2024 · €235k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€103k€77k▼
Fixed assets21/28€17k€6k▼
Tangible fixed assets22/27€17k€6k▼
Furniture and vehicles24€17k€6k▼
Current assets29/58€86k€71k▼
Amounts receivable within one year40/41€81k€68k▼
Trade receivables40€81k€67k▼
Other amounts receivable41€481€349▼
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€103k€77k▼
Equity10/15€10k€11k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€2k€3k▲
Amounts payable17/49€93k€66k▼
Amounts payable after more than one year17€6k€0▼
Financial debts170/4€6k€0▼
Amounts payable within one year42/48€86k€66k▼
Current portion of amounts payable after more than one year42€12k€6k▼
Trade debts44€12k€10k▼
Suppliers440/4€12k€10k▼
Taxes, remuneration and social security45€45k€30k▼
Taxes450/3€14k€4k▼
Remuneration and social security454/9€32k€26k▼
Other amounts payable47/48€17k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€235k€269k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€253k€289k▲
Operating profit (loss)9901€6k€6k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€366€287▼
Recurring financial charges65€366€287▼
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€5k€5k▼
Profit (loss) for the period9904€231€1k▲
Profit (loss) for the period to be appropriated9905€231€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€3k▲
Profit (loss) brought forward from the previous period14P€2k€2k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
05-08
State Gazette act
General meeting · Dissolution
Liquidation · Director resignation
2025
31-12
Financial
Highest result since 2018net €1k ▲428%
Operating result €6k, net result €1k, both a record.
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €26
Net result €26 after one loss-making year.
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 65 days late
2019
31-12
Financial
Weakest financial yearnet €-1k ▼302%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 70 days late
2017
10-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 41 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Kleve 52970 SchildeGround area
950 m²
Building footprint
315 m²
Volume, LiDAR
3,504 m³
2 parcels, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ADMIN KOVICO
since 20142.237.803.559
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11028A0139/00B008 | Flanders | 558 m² | 1 · 202 m² | 16.6 m · 5 fl. |
| 11922B0520/02T002 | Flanders | 392 m² | 1 · 113 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 1,178 EUR awarded · 1,178 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 345 EUR | 345 EUR |
| 2024 | 1 | 195 EUR | 195 EUR |
| 2023 | 2 | 579 EUR | 579 EUR |
| 2022 | 1 | 59 EUR | 59 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 11,174 companies in sector 82100 we hold annual accounts for 3,488. 1,888 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-10-2014
Fiscal year end31-12
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.