COVAM
ActiveCOVAM has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121k and a net result of €7k. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 15368 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-25
Solvency100▲+16
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.66 against 2.02 in 2023; short-term debt: 12.6% and cash: 41% of total assets), and 12.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
33 d early
2022
47 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€121k▲ 5.7%
2023 · €115k
2022: €45k
2023: €115k
2022 → 2024
Total assets
€138k▼ 29.2%
2023 · €196k
2022: €121k
2023: €196k
2022 → 2024
Net result
€7k▼ 90.7%
2023 · €70k
2022: €44k
2023: €70k
2022 → 2024
Working capital
€98k▲ 18.7%
2023 · €83k
2022: €10k
2023: €83k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€45k-€115k▲ 157%€121k▲ 5.7%
Operating result€60k-€97k▲ 61.3%€9k▼ 90.7%
Net result€44k-€70k▲ 61.0%€7k▼ 90.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 91% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €138k
Fixed assets
€23k▼ 28.4%
Current assets
€116k▼ 29.4%
Equity and liabilities €138k
Equity
€121k▲ 5.7%
Debt
€17k▼ 78.5%
The debt ratio falls from 41.4% to 12.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2023 · €105k
Cash flow
€16k▼
2023 · €79k
Solvency
87.4%▲
2023 · 58.6%
Current ratio
6.66▲
2023 · 2.02
Quick ratio
6.66▲
2023 · 2.02
Debt / equity
0.14▼
2023 · 0.71
ROE
5.4%▼
2023 · 61.1%
ROA
4.7%▼
2023 · 35.8%
Interest coverage
457.48▲
2023 · 262.06
Debt
€17k▼
2023 · €81k
Debt ≤ 1 year
€17k▼
2023 · €81k
Income taxes
€3k▼
2023 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€196k€138k▼
Fixed assets21/28€32k€23k▼
Tangible fixed assets22/27€32k€23k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€29k€21k▼
Current assets29/58€164k€116k▼
Amounts receivable within one year40/41€15k€1k▼
Trade receivables40€15k-
Other amounts receivable41€7€1k▲
Current investments50/53€25k€58k▲
Cash at bank and in hand54/58€125k€57k▼
Equity and liabilities
Total equity and liabilities10/49€196k€138k▼
Equity10/15€115k€121k▲
Contributions10/11€1k€1k=
Reserves13€113k€120k▲
Distributable reserves133€113k€120k▲
Profit (loss) carried forward14€531€577▲
Amounts payable17/49€81k€17k▼
Amounts payable within one year42/48€81k€17k▼
Trade debts44-€66
Suppliers440/4-€66
Taxes, remuneration and social security45€38k€13k▼
Taxes450/3€38k€13k▼
Other amounts payable47/48€44k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€873€503▼
Gross operating margin9900€106k€19k▼
Operating profit (loss)9901€97k€9k▼
Financial income75/76B€277€426▲
Recurring financial income75€277€426▲
Financial charges65/66B€402€41▼
Recurring financial charges65€402€41▼
Profit (loss) for the period before taxes9903€97k€9k▼
Income taxes67/77€26k€3k▼
Profit (loss) for the period9904€70k€7k▼
Profit (loss) for the period to be appropriated9905€70k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€7k▼
Profit (loss) brought forward from the previous period14P€506€531▲
Transfer to equity691/2€70k€7k▼
To other reserves6921€70k€7k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €7k ▼90.7%
Net result drops to €7k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.66
Current ratio from 2.02 to 6.66; short-term debt falls from €81k to €17k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €70k ▲61%
Operating result €97k, net result €70k, both a record.
31-12
Financial
Equity above €100kEq €115k ▲157%
2 profitable years in a row build equity to €115k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Troyentenhoflaan 62600 AntwerpenGround area
237 m²
Building footprint
84 m²
Volume, LiDAR
687 m³
Parcel 11303C0255/00Z008, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COVAM
since 20222.329.830.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0255/00Z008 | Flanders | 237 m² | 1 · 84 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,749 EUR awarded · 1,749 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,749 EUR | 1,749 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,763 companies in sector 69109 we hold annual accounts for 1,209. 940 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2022
Fiscal year end31-12
Activities, NACEBEL
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:vandenbroucke.peter@skynet.be