COVAI
ActiveSummary
The computed 12-month bankruptcy probability of COVAI is 2.1% (moderate). The annual accounts of COVAI for financial year 2025 show a net loss of 94% of the equity at the start of that year. The 2025 annual accounts show equity of €3,538 and a net result of -€56,037. Equity has been shrinking by about 55% per year since 2021. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 12% of 9,396 sector peers (NACE 41, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 25-09-2020 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 3 others
- Establishment unit
- 2.307.844.487 9250 Waasmunster, since 25-09-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.1%
- Gross margin
- -€27,756
- ▼ 45.4%
- Loss
- €56,037
- ▲ 20.5%
- Equity
- €3,538
- ▼ 94.1%
- Total assets
- €782,591
- ▲ 109%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Equity €3,538 (0.5% of total assets)Founded in 2020lowers riskSize: total assets €782,591Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 12% of them on solvency, 56% on liquidity, 13% on profitability and 5% on growth.
The bankruptcy probability was computed on 03-11-2026 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).
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Signals
The company filed its last 5 accounts on average 21 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)
Key points
- Risk: 5 loss-making years in a rowloss in financial year 2025 -€56,037 View
- Caution: Equity fell in 2025from €59,575 to €3,538 ▼ 94.1% View
- Caution: Lower net result than 95% of companies in construction of buildingssector median €8,554 · 9,386 companies -€56,037 View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
Recent changes
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as COVAI: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €729,000 and €993,000, founded between 2019 and 2021.
| Company | Total assets | Gross margin |
|---|---|---|
| COVAI Waasmunster | €782,591 | -€27,756 |
| AtiCasa Beveren-Kruibeke-Zwijndrecht | €827,449 | -€49,958 |
| 123 Construct Gent | €993,323 | -€435,408 |
| Polder Estate Antwerpen | €761,384 | -€13,706 |
| LLM BOUW Maaseik | €828,579 | €146 |
| ANDRIBO Dilsen-Stokkem | €810,908 | -€4,386 |
| KJP CONSTRUCT Diksmuide | €729,132 | -€13,930 |
Key facts about COVAI
- What is the company number of COVAI?
- The company number of COVAI is 0754.890.919. The VAT number is the same number with BE in front: BE 0754.890.919.
- Where is COVAI based?
- The registered office is at Marktwegel 14, 9250 Waasmunster.Company details
- What does COVAI do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of COVAI?
- The legal form of COVAI is Private limited company (BV).
- When was COVAI founded?
- COVAI was founded on 25-09-2020.
- Is COVAI still active?
- Yes, COVAI is an active enterprise in the KBO register.
- What is the turnover of COVAI?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is COVAI profitable?
- In financial year 2025, COVAI made a loss of €56,037.
- Where can I find the annual accounts of COVAI?
- COVAI filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COVAI due?
- COVAI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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