COV SERVICES
ActiveSummary
COV SERVICES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,151 and a net result of €9,931. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 1912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+28
Solvency76▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.09 against 2.1 in 2024; short-term debt: 45.9% and cash: 6.2% of total assets), and 49.1% of the assets are financed with debt.
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Signals
Six 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.9%
Return on assets
6.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
21 d late
2023
27 d late
2022
29 d late
2021
24 d late
2020
24 d early
2019
292 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€80,151▲ 14.1%
2024 · €70,220
Total assets
€157,422▼ 8.7%
2024 · €172,438
Net result
€9,931▲ 227%
2024 · €3,038
Working capital
€78,776▼ 9.9%
2024 · €87,415
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,212▼ 26.5%€24,963▲ 12.4%€18,511▼ 25.8%€8,870▼ 52.1%€18,409▲ 108%
Net result€15,794▼ 41.6%€13,716▼ 13.2%€8,288▼ 39.6%€3,038▼ 63.4%€9,931▲ 227%
Equity€45,178▲ 53.8%€58,894▲ 30.4%€67,182▲ 14.1%€70,220▲ 4.5%€80,151▲ 14.1%
Total assets€175,489▲ 118%€230,666▲ 31.4%€197,608▼ 14.3%€172,438▼ 12.7%€157,422▼ 8.7%
Debt€130,311▲ 156%€171,772▲ 31.8%€130,426▼ 24.1%€102,218▼ 21.6%€77,271▼ 24.4%
Working capital€122,931▲ 331%€161,535▲ 31.4%€100,504▼ 37.8%€87,415▼ 13.0%€78,776▼ 9.9%
Staff (FTE)3▼ 21.1%3=1.9▼ 36.7%1▼ 47.4%1.5▲ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 108% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157,422
Fixed assets
€6,375 ▲ 15.0%
Current assets
€151,047 ▼ 9.5%
Equity and liabilities €157,422
Equity
€80,151 ▲ 14.1%
Debt
€77,271 ▼ 24.4%
Debt's share of the balance-sheet total falls from 59.3% to 49.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,316▲
2024 · €10,428
Cash flow
€11,839▲
2024 · €4,595
Current ratio
2.09▼
2024 · 2.10
Quick ratio
1.85▼
2024 · 2.02
Debt to equity
0.96▼
2024 · 1.46
ROE
12.4%▲
2024 · 4.3%
ROA
6.3%▲
2024 · 1.8%
Interest coverage
5.31▲
2024 · 2.63
Debt ≤ 1 year
€72,271▼
2024 · €79,481
Debt > 1 year
€5,000▼
2024 · €22,737
Income taxes
€5,914▲
2024 · €3,253
Staff costs
€77,517▲
2024 · €64,417
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €25,260 | €72,217 | €85,782 | €64,417 | €77,517 | ▲ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €752 | - | €779 | €1,558 | €1,908 | ▲ 22.5% |
| Other operating charges640/8 | €348 | €348 | €357 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €48,571 | €97,528 | €105,428 | €75,232 | €98,233 | ▲ 30.6% |
| Operating profit (loss)9901 | €22,212 | €24,963 | €18,511 | €8,870 | €18,409 | ▲ 108% |
| Financial income75/76B | €1,754 | €2,561 | €1,944 | €1,392 | €1,263 | ▼ 9.2% |
| Recurring financial income75 | €1,754 | €2,561 | €1,944 | €1,392 | €1,263 | ▼ 9.2% |
| Financial charges65/66B | €2,828 | €2,069 | €1,547 | €3,971 | €3,827 | ▼ 3.6% |
| Recurring financial charges65 | €2,828 | €2,069 | €1,547 | €3,971 | €3,827 | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | €21,138 | €25,456 | €18,908 | €6,291 | €15,845 | ▲ 152% |
| Income taxes67/77 | €5,344 | €11,740 | €10,620 | €3,253 | €5,914 | ▲ 81.8% |
| Profit (loss) for the period9904 | €15,794 | €13,716 | €8,288 | €3,038 | €9,931 | ▲ 227% |
| Profit (loss) for the period to be appropriated9905 | €15,794 | €13,716 | €8,288 | €3,038 | €9,931 | ▲ 227% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175,489 | €230,666 | €197,608 | €172,438 | €157,422 | ▼ 8.7% |
| Fixed assets21/28 | €90 | €90 | €7,099 | €5,542 | €6,375 | ▲ 15.0% |
| Tangible fixed assets22/27 | - | - | €7,009 | €5,452 | €6,285 | ▲ 15.3% |
| Furniture and vehicles24 | - | - | - | - | €2,391 | - |
| Other tangible fixed assets26 | - | - | €7,009 | €5,452 | €3,894 | ▼ 28.6% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €175,399 | €230,576 | €190,509 | €166,896 | €151,047 | ▼ 9.5% |
| Stocks and contracts in progress3 | - | - | €8,674 | €6,697 | €17,515 | ▲ 162% |
| Stocks30/36 | - | - | €8,674 | €6,697 | €17,515 | ▲ 162% |
| Amounts receivable within one year40/41 | €112,899 | €219,179 | €167,503 | €155,570 | €119,729 | ▼ 23.0% |
| Trade receivables40 | €41,745 | €118,064 | €46,748 | €50,327 | €77,797 | ▲ 54.6% |
| Other amounts receivable41 | €71,155 | €101,116 | €120,755 | €105,243 | €41,931 | ▼ 60.2% |
| Cash at bank and in hand54/58 | €62,500 | €11,019 | €11,828 | €2,573 | €9,814 | ▲ 281% |
| Deferred charges and accrued income490/1 | - | €378 | €2,505 | €2,057 | €3,989 | ▲ 94.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175,489 | €230,666 | €197,608 | €172,438 | €157,422 | ▼ 8.7% |
| Equity10/15 | €45,178 | €58,894 | €67,182 | €70,220 | €80,151 | ▲ 14.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €9,859 | €9,859 | €9,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €8,000 | €8,000 | €8,000 | = |
| Profit (loss) carried forward14 | €24,727 | €38,443 | €38,731 | €41,769 | €51,700 | ▲ 23.8% |
| Amounts payable17/49 | €130,311 | €171,772 | €130,426 | €102,218 | €77,271 | ▼ 24.4% |
| Amounts payable after more than one year17 | €77,843 | €60,454 | €40,421 | €22,737 | €5,000 | ▼ 78.0% |
| Financial debts170/4 | €77,843 | €60,454 | €40,421 | €22,737 | €5,000 | ▼ 78.0% |
| Amounts payable within one year42/48 | €52,469 | €69,041 | €90,005 | €79,481 | €72,271 | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | €19,743 | €19,888 | €20,034 | €20,184 | €17,737 | ▼ 12.1% |
| Financial debts43 | - | - | €18,817 | €20,143 | - | - |
| Credit institutions430/8 | - | - | €18,817 | €20,143 | - | - |
| Trade debts44 | €11,213 | €4,105 | €7,579 | €7,726 | €17,950 | ▲ 132% |
| Suppliers440/4 | €11,213 | €4,105 | €7,579 | €7,726 | €17,950 | ▲ 132% |
| Taxes, remuneration and social security45 | €21,513 | €45,049 | €43,575 | €31,428 | €36,584 | ▲ 16.4% |
| Taxes450/3 | €12,712 | €33,894 | €38,222 | €22,346 | €14,153 | ▼ 36.7% |
| Remuneration and social security454/9 | €8,801 | €11,155 | €5,354 | €9,082 | €22,432 | ▲ 147% |
| Accrued charges and deferred income492/3 | - | €42,276 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,794 | €13,716 | €8,288 | €3,038 | €9,931 | ▲ 227% |
| + Depreciation and write-downs630 | €752 | - | €779 | €1,558 | €1,908 | ▲ 22.5% |
| Operating cash flow (approximation) | €16,546 | €13,716 | €9,067 | €4,595 | €11,839 | ▲ 158% |
| Investment in fixed assets (approximation) | - | €0 | -€7,788 | €0 | -€2,741 | - |
| Change in cash | - | -€51,481 | €809 | -€9,255 | €7,241 | ▲ 178% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.34
Current ratio from 1.56 to 3.34.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 292 days late
2020
31-12
Financial
Back to profitnet €27,022
Net result €27,022 after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet -€37,420
Net result drops to -€37,420, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Dalhem · 1 establishment unit since 1992
Ground area
735 m²
Building footprint
129 m²
Volume, LiDAR
716 m³
Parcel 62027B0126/00W000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COV SERVICES
since 19922.055.600.937
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62027B0126/00W000 | Wallonia | 735 m² | 1 · 129 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,783 companies in sector 63910 we hold annual accounts for 698. 525 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded22-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63910Web portal activities
46140Agents in the wholesale of industrial machinery, ships and aircraft
47120Other non-specialised retail sale
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442348110
Also
9925:BE0442348110
Registered
14-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.