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COVAGESTION

Active
Private limited companyfounded 2011active for 15 yearsRue Jean-Louis Paggen 10, 4631 Soumagne, BelgiumKBO/BCE: BE 0839.946.160
Summary

COVAGESTION has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €814,859 and a net result of €51,352. Equity is growing by about 6.1% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow ReportCompare
COVAGESTIONActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200
6th largest company by total assets in Soumagne, Professional and technical services sector1 site
Size
≈ €320,000turnover 2024, estimated
Staff
1.6 FTE
Equity
€814,859
Profit
€51,352
Turnover estimated from the gross margin
Financial health
67 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Holdings
4
Auditor: Didier NYSSEN2025 accounts filed 31 days late6 of 10 deeds summarised
Why 67raises riskFigures for financial year 2024 (filed 21-08-2025)Liquidity: current ratio 0.23, cash €79,932lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: 1.6 FTE, total assets €2.2mShow the evidence

Checked score

Score 2024
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 29% of its sector peers (NACE 70, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 63+3
equity 37.6% of total assets
Liquidity 34+1
short-term debt 42.7% · cash 3.7%
Profitability 46-1
return on assets 2.4%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,501 companies, NACE 70, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026 10-2026: 0.8%▲ +0.3 percentage points vs 09-2026highest value
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.23, compared with 0.35 in 2023, below 1; short-term debt: 42.7% and cash: 3.7% of total assets), and 62.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 36% on solvency, 15% on liquidity, 22% on profitability and 43% on growth.

The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 21-08-2025)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Liquidity: current ratio 0.23, cash €79,932
NBB · annual accounts
lowers risk · Size: 1.6 FTE, total assets €2.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
19 days late
2023
20 days late
2022
29 days late
2021
19 days late
2020
10 days late
2019
88 days 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 31 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% 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 21 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Capital & shares · Amendment of…Permanent representative: VANDERSANDEN Roland ·…
  3. Capital & shares · RestructuringAuditor report · Merger ·…

Key points

  • Caution: Result fell in 2024from €147,358 to €51,352 ▼ 65.2% View
  • 3 restructurings since 2024latest: merger with LUROMUCO 3 View
  • Positive: 6th largest company by total assets in Soumagne, Professional and technical services…in the Checked rankings No. 6 View
  • Heads a groupcompanies controlled 4 View

By topic

Financials

Financial year
2024
Total assets
€2.2m
Profit
€51,352
Solvency
37.6%
Total assets▼ 7.2%
Net result
20182024
Go to Financials

Timeline

Events
23
Since
2013
Next accounts
by 31-07-2027
  1. 20-11-2025Restructuring
  2. 17-11-2025Capital & shares
  3. 07-11-2025Restructuring
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
05-10-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
45
Who signs
Each director alone
Annual meeting
Fourth Friday of June at 20:00
Purpose
“1) Pour son compte propre l'investissement,la souscription,la prise ferme,le placement,la…” (deed in French)
Go to Articles of association

Key facts about COVAGESTION

What is the company number of COVAGESTION?
0839.946.160. In Belgium the VAT number is the company number with BE in front: BE 0839.946.160.
Where is COVAGESTION based?
The registered office is at Rue Jean-Louis Paggen 10, 4631 Soumagne.Company details
What does COVAGESTION do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of COVAGESTION?
Private limited company (BV).
When was COVAGESTION founded?
On 05-10-2011.
Is COVAGESTION still active?
Yes, COVAGESTION is an active enterprise in the KBO register.
How many employees does COVAGESTION have?
On average 1.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of COVAGESTION?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is COVAGESTION profitable?
In financial year 2024, COVAGESTION made a profit of €51,352.
Where can I find the annual accounts of COVAGESTION?
COVAGESTION filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COVAGESTION due?
By 31-07-2027, for financial year 2026.Timeline

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