COVALIB
ActiveSummary
COVALIB has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €1.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+9
Solvency46▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.08 in 2024; short-term debt: 69.9% and cash: 1.2% of total assets), and 78.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.1%
Return on assets
12.9%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
on the day
2023
1 d early
2022
14 d early
2021
14 d early
2020
7 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2.7m▲ 156%
2024 · €1.0m
Total assets
€12.7m▲ 10.1%
2024 · €11.6m
Net result
€1.6m▲ 53.1%
2024 · €1.1m
Working capital
-€7.0m▲ 16.0%
2024 · -€8.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€27,657▲ 89.8%-€16,744▲ 39.5%-€6,949▲ 58.5%-€16,559▼ 138%-€15,969▲ 3.6%
Net result-€63,818▲ 78.4%-€59,398▲ 6.9%€513,495€1.1m▲ 109%€1.6m▲ 53.1%
Equity-€475,170▼ 15.5%-€534,567▼ 12.5%-€21,072▲ 96.1%€1.0m€2.7m▲ 156%
Total assets€12.6m▲ 8.0%€11.3m▼ 10.3%€11.3m▼ 0.1%€11.6m▲ 2.1%€12.7m▲ 10.1%
Debt€13.1m▲ 8.2%€11.9m▼ 9.5%€11.3m▼ 4.4%€10.5m▼ 7.3%€10.0m▼ 4.5%
Working capital-€9.0m▼ 4.1%-€9.4m▼ 3.9%-€9.1m▲ 2.3%-€8.4m▲ 8.4%-€7.0m▲ 16.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,969 in 2025 against €16,559 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.7m
Fixed assets
€10.8m =
Current assets
€1.9m ▲ 167%
Equity and liabilities €12.7m
Equity
€2.7m ▲ 156%
Debt
€10.0m ▼ 4.5%
Debt's share of the balance-sheet total falls from 90.9% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.21▲
2024 · 0.08
Debt to equity
3.73▼
2024 · 10.00
ROE
61.0%▼
2024 · 102.0%
ROA
12.9%▲
2024 · 9.3%
Debt ≤ 1 year
€8.9m▼
2024 · €9.1m
Debt > 1 year
€1.1m▼
2024 · €1.4m
Income taxes
€2,717
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €868 | - | €2,175 | €968 | ▼ 55.5% |
| Gross operating margin9900 | -€26,789 | -€15,876 | -€6,949 | -€14,384 | -€15,001 | ▼ 4.3% |
| Operating profit (loss)9901 | -€27,657 | -€16,744 | -€6,949 | -€16,559 | -€15,969 | ▲ 3.6% |
| Financial income75/76B | - | €1,154 | €563,191 | €1.1m | €1.9m | ▲ 69.4% |
| Recurring financial income75 | €238 | €1,154 | €563,191 | €1.1m | €1.9m | ▲ 69.4% |
| Financial charges65/66B | - | €43,808 | €42,746 | €39,659 | €251,315 | ▲ 534% |
| Recurring financial charges65 | €36,400 | €43,808 | €42,746 | €39,659 | €251,315 | ▲ 534% |
| Profit (loss) for the period before taxes9903 | -€63,818 | -€59,398 | €513,495 | €1.1m | €1.6m | ▲ 53.3% |
| Income taxes67/77 | - | - | - | - | €2,717 | - |
| Profit (loss) for the period9904 | -€63,818 | -€59,398 | €513,495 | €1.1m | €1.6m | ▲ 53.1% |
| Profit (loss) for the period to be appropriated9905 | -€63,818 | -€59,398 | €513,495 | €1.1m | €1.6m | ▲ 53.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.6m | €11.3m | €11.3m | €11.6m | €12.7m | ▲ 10.1% |
| Fixed assets21/28 | €10.8m | €10.8m | €10.8m | €10.8m | €10.8m | = |
| Financial fixed assets28 | €10.8m | €10.8m | €10.8m | €10.8m | €10.8m | = |
| Current assets29/58 | €1.8m | €468,982 | €460,426 | €701,035 | €1.9m | ▲ 167% |
| Amounts receivable within one year40/41 | €349,944 | €397,967 | €349,351 | €345,585 | €345,615 | = |
| Trade receivables40 | - | €6,051 | €6,051 | €1,032 | - | - |
| Other amounts receivable41 | - | €391,916 | €343,300 | €344,553 | €345,615 | ▲ 0.3% |
| Current investments50/53 | - | - | - | - | €1.4m | - |
| Cash at bank and in hand54/58 | €1.4m | €71,015 | €111,075 | €355,450 | €156,784 | ▼ 55.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.6m | €11.3m | €11.3m | €11.6m | €12.7m | ▲ 10.1% |
| Equity10/15 | -€475,170 | -€534,567 | -€21,072 | €1.0m | €2.7m | ▲ 156% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Capital10 | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Issued capital100 | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | €496 | €496 | €496 | €496 | €496 | = |
| Non-distributable reserves130/1 | - | €496 | €496 | €496 | €496 | = |
| Legal reserve130 | - | €496 | €496 | €496 | €496 | = |
| Profit (loss) carried forward14 | -€545,665 | -€605,063 | -€91,568 | €979,401 | €2.6m | ▲ 167% |
| Amounts payable17/49 | €13.1m | €11.9m | €11.3m | €10.5m | €10.0m | ▼ 4.5% |
| Amounts payable after more than one year17 | €2.3m | €2.0m | €1.7m | €1.4m | €1.1m | ▼ 21.0% |
| Financial debts170/4 | - | €2.0m | €1.7m | €1.4m | €1.1m | ▼ 21.0% |
| Amounts payable within one year42/48 | €10.8m | €9.8m | €9.6m | €9.1m | €8.9m | ▼ 1.9% |
| Current portion of amounts payable after more than one year42 | - | €293,518 | €296,437 | €299,385 | €302,362 | ▲ 1.0% |
| Trade debts44 | €13,150 | €230 | €6,050 | €12,797 | €14,697 | ▲ 14.8% |
| Suppliers440/4 | - | €230 | €6,050 | €12,797 | €14,697 | ▲ 14.8% |
| Other amounts payable47/48 | - | €9.5m | €9.3m | €8.8m | €8.6m | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€63,818 | -€59,398 | €513,495 | €1.1m | €1.6m | ▲ 53.1% |
| Operating cash flow (approximation) | -€63,818 | -€59,398 | €513,495 | €1.1m | €1.6m | ▲ 53.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1.4m | €40,060 | €244,376 | -€198,667 | ▼ 181% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Highest result since 2019net €1.6m ▲53.1%
Net result €1.6m, the highest in the series.
30-06
Financial
Equity above €2mEq €2.7m ▲156%
3 profitable years in a row build equity to €2.7m.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €1mEq €1.0m
2 profitable years in a row build equity to €1.0m.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €513,495
Net result €513,495 after 4 loss-making years.
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€295,500
Net result drops to -€295,500, the lowest in the series; recovery starts the following year.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Ukkel · 1 establishment unit since 2013
Ground area
683 m²
Building footprint
138 m²
Volume, LiDAR
1,238 m³
Parcel 21016B0194/00Z033, Brussels · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
COVALIB
since 20132.225.920.960
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0194/00Z033 | Brussels | 683 m² | 1 · 138 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 3 holdingsOwners 1
-
2.86%
Holdings 3
-
100%
-
100%
-
98%
According to the annual accounts to 30-06-2025 of COVALIB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
875500SLXVAFTYBSF715
Identification & contact
Identification
Legal formPublic limited company
Founded05-12-2013
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0542735091
Also
9925:BE0542735091
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.