Skip to content

Bouwonderneming Covemaeker

Active
Public limited companyfounded 1973active for 53 yearsKleine Dries(D) 12, 8600 Diksmuide, BelgiumKBO/BCE: BE 0413.224.849
Summary

Bouwonderneming Covemaeker has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.4m and a net result of €223,731. Equity has been growing by about 2.5% per year since 2018. Its solvency ranks better than 95% of 1,029 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 28-04-1973 Normal situation
Activity
General construction of residential buildings NACE 41001and 1 other
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
Establishment unit
2.008.497.143 8600 Diksmuide, since 01-01-1973
Financial year end
31 December
Peppol
Reachable since 07-11-2025

Board and ownership

Board
Auditor
AUDITAS BEDRIJFSREVISOREN BV
Shareholders
  • THOVIN2025 annual accounts of THOVIN

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Turnover
€10.3m
▲ 16.8%
Profit
€223,731
▼ 47.7%
Equity
€13.4m
▲ 1.7%
Total assets
€14.4m
▲ 4.4%
Employees on 31-12-2025
46
▼ 11.5%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Liquidity: current ratio 16.20, cash €782,130lowers riskFounded in 1973Equity €13.4m (93.0% of total assets)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 70% of small companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 93.0% of total assets
Liquidity 57+5
short-term debt 5.7% · cash 5.4%
Profitability 59-6
return on assets 1.6%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (912 companies, NACE 41, small)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value
Credit of up to €1,000,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 16.2 (27.59 in 2024), above the usual 1.5. Short-term debt is 5.7% and cash 5.4% of total assets. 7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small). It does better than 95% of them on solvency, 78% on liquidity, 47% on profitability and 61% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1973
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Equity €13.4m (93.0% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 16.20, cash €782,130
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
59 days early
2024
31 days early
2023
58 days early
2022
46 days early
2021
68 days early
2020
53 days early
2019
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 52 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest company by equity in Diksmuide, Construction sectorin the Checked rankings No. 1 View
  • Caution: Result fell in 2025from €427,496 to €223,731 ▼ 47.7% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €223,731 8 years View

Recent changes

  1. · Gazette deed Reappointment: AUDITAS BEDRIJFSREVISOREN BV (statutory auditor)
  2. · Gazette deed Resignation: Vincent Covemaeker (director)
  3. · Gazette deed Resignation: Jackie Covemaeker (director)Reappointments: Steven Covemaeker, Marian Crevits and Vincent Covemaeker · Appointment: Steven Covemaeker (chair of the board)
All 17 events

Comparable companies

These companies have the same main activity as Bouwonderneming Covemaeker: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €13m and €19m, founded between 1971 and 1987.

CompanyTotal assetsTurnover
Bouwonderneming Covemaeker Diksmuide€14.4m€10.3m
BOUWBEDRIJF VERSLUYS Oostende€18.7m€7.3m
ALGEMENE BOUWONDERNEMING DESPIERRE FILIP Houthulst€14.6m€14.3m
S.A. JEAN CONVENTS A.G. - ENTREPRISES GENERALES - ALLGEMEINE BAUUNTERNEHMUNG Eupen€13.6m€12.8m
H.P. Linden Sankt Vith€16.0m€13.6m
Entreprises Bajart Namur€12.9m€12.4m
Roebben J. Bilzen-Hoeselt€13.6m€16.7m
Full comparison

Key facts about Bouwonderneming Covemaeker

What is the company number of Bouwonderneming Covemaeker?
The company number of Bouwonderneming Covemaeker is 0413.224.849. The VAT number is the same number with BE in front: BE 0413.224.849.
Where is Bouwonderneming Covemaeker based?
The registered office is at Kleine Dries(D) 12, 8600 Diksmuide.Company details
What does Bouwonderneming Covemaeker do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of Bouwonderneming Covemaeker?
The legal form of Bouwonderneming Covemaeker is Public limited company (NV).
When was Bouwonderneming Covemaeker founded?
Bouwonderneming Covemaeker was founded on 28-04-1973.
Is Bouwonderneming Covemaeker still active?
Yes, Bouwonderneming Covemaeker is an active enterprise in the KBO register.
How many employees does Bouwonderneming Covemaeker have?
Bouwonderneming Covemaeker had an average of 47 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Bouwonderneming Covemaeker fall under?
In its 2025 annual accounts, Bouwonderneming Covemaeker states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 124 (Paritair Comité voor het bouwbedrijf).
What is the turnover of Bouwonderneming Covemaeker?
The turnover of Bouwonderneming Covemaeker was €10.3m in financial year 2025, according to the filed annual accounts.
Is Bouwonderneming Covemaeker profitable?
In financial year 2025, Bouwonderneming Covemaeker made a profit of €223,731.
Where can I find the annual accounts of Bouwonderneming Covemaeker?
Bouwonderneming Covemaeker filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Bouwonderneming Covemaeker due?
Bouwonderneming Covemaeker must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.