Equity
€325,145 ▲ 51.2%
Equity rose in 2025 from €215,013 to €325,145.
Covalenz
Lifetime
3 annual accounts with figures on one time axispeak €179,421 (2025)
€179,421▲ 3.0%
peak €116,590 (2024)
€110,132▼ 5.5%
peak €325,145 (2025)
€325,145▲ 51.2%
€242,509▲ 161%
Board1 name since 2022
1 director
Documentsfilings and deeds
03-08-20263 days late
2025micro format
Equity from €215,013 to €325,145Debts from €93,065 to €242,509Investments €240,348
Key points
from the 2025 annual accountsTurnover
≈ €680,000 estimated
The micro format states no turnover.
Debts
€242,509 ▲ 161%
Debts rose by €149,443 in 2025.
Investments
€240,348 11.0 × depreciation
Green is investment, beige is depreciation.
Filings
3 annual accounts 3 late
The 2024 accounts came latest: 13 days after the end of the period.
Position in the sector
€110,132
Higher net result than 95% of companies in wholesale trade. Sector median €5,606 · 13,813 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,127 companies had the same profile as Covalenz has now. Each dot stands for 8 companies, two years later.
97.2%
were still trading
1.9%
stopped another way
0.8%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for Covalenz. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0795363376
First establishment
Rue des Ecoles 27, Genappe
Incorporation
Founding capital of €4,000, 100 shares · Founder: · Appointment: (director) · published on 28-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Covalenz Genappe | €0.6m | €179,421 | 57.3% | - |
| Ali ORAYBI Menen | €0.4m | €176,808 | 43.8% | - |
| Thomas Peers Anzegem | €0.6m | €183,026 | 95.3% | - |
| Tradezone Europe Antwerp | €0.6m | €221,417 | 12.2% | - |
| ROBRADA Herk-de-Stad | €0.6m | €109,366 | 13.6% | - |
| VEEHANDEL CMN Haaltert | €0.5m | €92,899 | 13.4% | - |
| FARM Lo-Reninge | €1.2m | €108,316 | 6.2% | - |
These companies have the same main activity as Covalenz: wholesale trade (NACE 46110). They are comparable in size and age: total assets between €419,000 and €1.2m, founded between 2020 and 2024.
Official details
Source: KBO- Status
- Active since 23-12-2022Normal situation
- Activity
- Wholesale tradeNACE 46110and 2 others
- Establishment unit
- 2.340.167.6591476 Genappe, since 01-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Insights on Covalenz
Covalenz files the micro format. That format states no turnover. The gross margin rose from €143,532 in 2023 to €179,421 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Covalenz
- What is the company number of Covalenz?
- The company number of Covalenz is 0795.363.376. The VAT number is the same number with BE in front: BE 0795.363.376.
- Where is Covalenz based?
- The registered office is at Rue des Ecoles 27, 1476 Genappe.Company details
- What does Covalenz do?
- According to the KBO register, the main activity is wholesale trade (NACE 46110).
- What is the legal form of Covalenz?
- Covalenz is a private limited company (BV).
- When was Covalenz founded?
- Covalenz was founded on 23-12-2022.
- Is Covalenz still active?
- Yes, Covalenz is an active enterprise in the KBO register.
- What is the turnover of Covalenz?
- The turnover in financial year 2025 is ≈ €680,000. This figure is estimated from the gross margin of €179,421 and 31 comparable companies (NACE 461). It probably lies between €320,000 and €1.6m.Financials
- Is Covalenz profitable?
- In financial year 2025, Covalenz made a profit of €110,132.
- Where can I find the annual accounts of Covalenz?
- Covalenz filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Covalenz due?
- Covalenz must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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