Covama
ActiveCovama has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €30k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 3256 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+56
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.16 in 2024), and 33.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
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
66.9%
Return on assets
14.8%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
1 d late
2024
on the day
2023
1 d late
2022
22 d late
2021
1 d late
2020
4 d early
2019
12 d late
← before the deadline
after the deadline →
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 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€138k▲ 0.6%
2024 · €137k
2019: €178k
2020: €188k
2021: €178k
2022: €170k
2023: €130k
2024: €137k
2019 → 2025
Total assets
€206k▲ 21.5%
2024 · €169k
2019: €286k
2020: €276k
2021: €268k
2022: €240k
2023: €194k
2024: €169k
2019 → 2025
Net result
€30k▲ 153%
2024 · €12k
2019: €6k
2020: €14k
2021: €10k
2022: €6k
2023: €8k
2024: €12k
2019 → 2025
Working capital
€45k▲ 40.4%
2024 · €32k
2019: €118k
2020: €120k
2021: €98k
2022: €85k
2023: €32k
2024: €32k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€178k-€170k▼ 4.2%€130k▼ 23.5%€137k▲ 4.9%€138k▲ 0.6%
Operating result€15k-€11k▼ 29.3%€15k▲ 34.5%€21k▲ 41.0%€46k▲ 122%
Net result€10k-€6k▼ 33.5%€8k▲ 22.9%€12k▲ 54.4%€30k▲ 153%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 122% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206k
Fixed assets
€122k▲ 10.9%
Current assets
€84k▲ 41.2%
Equity and liabilities €206k
Equity
€138k▲ 0.6%
Debt
€68k▲ 110%
The debt ratio rises from 19.2% to 33.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€52k▲
2024 · €27k
Cash flow
€37k▲
2024 · €18k
Solvency
66.9%▼
2024 · 80.8%
Current ratio
2.15▼
2024 · 2.16
Quick ratio
2.15▼
2024 · 2.16
Debt / equity
0.50▲
2024 · 0.24
ROE
22.1%▲
2024 · 8.8%
ROA
14.8%▲
2024 · 7.1%
Interest coverage
57.66▲
2024 · 18.99
Debt
€68k▲
2024 · €33k
Debt ≤ 1 year
€39k▲
2024 · €28k
Debt > 1 year
€28k▲
2024 · €5k
Income taxes
€15k▲
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€169k€206k▲
Fixed assets21/28€110k€122k▲
Tangible fixed assets22/27€110k€122k▲
Land and buildings22€107k€120k▲
Plant, machinery and equipment23€1k€606▼
Furniture and vehicles24€1k€1k▼
Current assets29/58€60k€84k▲
Amounts receivable within one year40/41€47k€78k▲
Trade receivables40€38k€72k▲
Other amounts receivable41€9k€6k▼
Cash at bank and in hand54/58€12k€7k▼
Deferred charges and accrued income490/1€653-
Equity and liabilities
Total equity and liabilities10/49€169k€206k▲
Equity10/15€137k€138k▲
Contributions10/11€19k€19k=
Reserves13€51k€52k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€49k€50k▲
Profit (loss) carried forward14€67k€67k=
Amounts payable17/49€33k€68k▲
Amounts payable after more than one year17€5k€28k▲
Financial debts170/4€5k€28k▲
Amounts payable within one year42/48€28k€39k▲
Current portion of amounts payable after more than one year42€12k€16k▲
Trade debts44€384€6k▲
Suppliers440/4€384€6k▲
Taxes, remuneration and social security45€15k€16k▲
Taxes450/3€14k€16k▲
Remuneration and social security454/9€2k€8▼
Other amounts payable47/48€280€2k▲
Accrued charges and deferred income492/3-€653
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€31k€55k▲
Operating profit (loss)9901€21k€46k▲
Financial income75/76B€322€391▲
Recurring financial income75€322€391▲
Financial charges65/66B€1k€910▼
Recurring financial charges65€1k€910▼
Profit (loss) for the period before taxes9903€20k€45k▲
Income taxes67/77€8k€15k▲
Profit (loss) for the period9904€12k€30k▲
Profit (loss) for the period to be appropriated9905€12k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€79k€97k▲
Profit (loss) brought forward from the previous period14P€67k€67k=
Transfer from equity791/2€6k€30k▲
Transfer to equity691/2€12k€30k▲
To other reserves6921€12k€30k▲
Profit to be distributed694/7€6k€30k▲
Return on contributions (dividend)694€6k€30k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 1 day late
2025
30-06
Financial
Highest result since 2019net €30k ▲153%
Operating result €46k, net result €30k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Tielt · 1 establishment unit since 2010
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.
Karmstraat 658700 TieltGround area
4,092 m²
Building footprint
197 m²
Volume, LiDAR
1,109 m³
Parcel 37001D0568/00C000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Covama
since 20102.190.347.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37001D0568/00C000 | Flanders | 4,092 m² | 1 · 197 m² | 8.8 m · 2 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 to 2025 · 2 entries · 268 EUR awarded · 268 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 149 EUR | 149 EUR |
| 2024 | 1 | 119 EUR | 119 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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GUEKO
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DELTA SERVICES
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Fiscalité DEMAUDE
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Oudergem · Eq €138k
Of 12,122 companies in sector 69201 we hold annual accounts for 7,601. 6,501 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-07-2010
Fiscal year end30-06
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.