Cova Or
ActiveCova Or has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €8k. Equity is shrinking by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 4.03 against 2.63 in 2023; short-term debt: 14.8% and cash: 43.9% of total assets), and 14.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85.2%
Return on assets
29.9%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €24k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
37 d early
2022
17 d early
2021
30 d late
2020
11 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€24k▲ 54.2%
2023 · €16k
2020: €29k
2021: €25k
2022: €21k
2023: €16k
2020 → 2024
Total assets
€28k▲ 41.9%
2023 · €20k
2020: €50k
2021: €34k
2022: €22k
2023: €20k
2020 → 2024
Net result
€8k
2023 · €-6k
2020: €26k
2021: €-5k
2022: €-3k
2023: €-6k
2020 → 2024
Working capital
€13k▲ 81.9%
2023 · €7k
2020: €25k
2021: €13k
2022: €10k
2023: €7k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€29k-€25k▼ 16.4%€21k▼ 13.7%€16k▼ 26.9%€24k▲ 54.2%
Operating result€33k-€-5k€-3k▲ 32.7%€-6k▼ 76.3%€8k
Net result€26k-€-5k€-3k▲ 30.1%€-6k▼ 70.0%€8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8k after a loss of €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28k
Fixed assets
€11k▲ 31.7%
Current assets
€17k▲ 49.8%
Equity and liabilities €28k
Equity
€24k▲ 54.2%
Debt
€4k▼ 2.4%
The debt ratio falls from 21.6% to 14.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▲
2023 · €-3k
Cash flow
€11k▲
2023 · €-3k
Solvency
85.2%▲
2023 · 78.4%
Current ratio
4.03▲
2023 · 2.63
Quick ratio
4.03▲
2023 · 2.63
Debt / equity
0.17▼
2023 · 0.28
ROE
35.1%▲
2023 · -36.9%
ROA
29.9%▲
2023 · -28.9%
Interest coverage
88.52▲
2023 · -17.84
Debt
€4k▼
2023 · €4k
Debt ≤ 1 year
€4k▼
2023 · €4k
Income taxes
€0
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€20k€28k▲
Fixed assets21/28€9k€11k▲
Tangible fixed assets22/27€9k€11k▲
Plant, machinery and equipment23€0€998▲
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€2k€5k▲
Current assets29/58€11k€17k▲
Amounts receivable within one year40/41€7k€4k▼
Trade receivables40€6k€3k▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€20k€28k▲
Equity10/15€16k€24k▲
Contributions10/11€3k€3k=
Reserves13€13k€21k▲
Distributable reserves133€13k€21k▲
Amounts payable17/49€4k€4k▼
Amounts payable within one year42/48€4k€4k▼
Trade debts44€4k€310▼
Suppliers440/4€4k€310▼
Taxes, remuneration and social security45€183€2k▲
Taxes450/3€183€2k▲
Other amounts payable47/48-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€164-
Gross operating margin9900€-3k€11k▲
Operating profit (loss)9901€-6k€8k▲
Financial income75/76B-€301
Recurring financial income75-€301
Financial charges65/66B€158€124▼
Recurring financial charges65€158€124▼
Profit (loss) for the period before taxes9903€-6k€8k▲
Income taxes67/77-€0
Profit (loss) for the period9904€-6k€8k▲
Profit (loss) for the period to be appropriated9905€-6k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€8k▲
Transfer from equity791/2€6k-
Transfer to equity691/2-€8k
To other reserves6921-€8k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 9.60
Current ratio from 2.36 to 9.60; short-term debt falls from €9k to €1k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Beringen · 1 establishment unit since 2020
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 Ram 353580 BeringenGround area
208 m²
Building footprint
70 m²
Volume, LiDAR
442 m³
Parcel 71004A0570/00Y003, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cova oR
since 20202.300.042.719
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0570/00Y003 | Flanders | 208 m² | 1 · 70 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 11,553 companies in sector 71121 we hold annual accounts for 6,555. 4,214 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-03-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.