COVADEM

Active

Public limited companyfounded 20242 yrs activeVan Loenoutstraat 39, 2100 Antwerpen, BelgiumKBO/BCE: BE 1012.316.843

Summary

COVADEM has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€22,433. The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch Report Compare

COVADEMActiveChecked score 83/100

Risk analysis Report Compare

What they do

Activity not known1 site

How big

€1.7mtotal assets 2025

Equity: €1.3m
Loss: -€22,433

Turnover not published (abridged schema)

Financially healthy?

83 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.4%

Who decides

Parent: Berlijn · 66.7%
Holdings: 1

Accounts 22 d early0 of 4 deeds read

Why 83- 1 change of registered office in 24 months- Founded in 2024+ Size: total assets €1.7m+ Figures for FY 2025 (filed 09-07-2026)Show the evidence

Checked score

Score 2025

83 / 100

Excellent

Probability in this band: under 0.55%

Better than 45% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Strong

Solvency 99

equity 74.3% of total assets

Liquidity 53

short-term debt 0.0% · cash 2.4%

Profitability 34

return on assets -1.3%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 09-2025: 6.4% 10-2025: 6.5%▲ +2.0% vs 09-2025 11-2025: 6.6%▲ +1.5% vs 10-2025 12-2025: 7.4%▲ +11.7% vs 11-2025 01-2026: 7.4%▲ +0.5% vs 12-2025 02-2026: 8.0%▲ +7.4% vs 01-2026 03-2026: 8.0%▲ +1.0% vs 02-2026 04-2026: 8.0%● 0.0% vs 03-2026 05-2026: 7.9%▼ -1.7% vs 04-2026 06-2026: 7.9%▲ +0.1% vs 05-2026 07-2026: 8.5%▲ +7.5% vs 06-2026highest value 08-2026: 0.4%▼ -95.1% vs 07-2026lowest value 09-2026: 0.4%● 0.0% vs 08-2026lowest value 10-2026: 0.4%● 0.0% vs 09-2026lowest value

Size: total assets €1.7m lowers the probability for this profile
1 change of registered office in 24 months raises the probability
Founded in 2024 raises the probability for this profile
Figures for FY 2025 (filed 09-07-2026) lowers the probability

Credit up to €100,000 at 30 days only on tighter terms

short-term debt: 0% and cash: 2.4% of total assets, and 25.7% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 62%, liquidity 48%, profitability 24%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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