COVAME
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Declared bankrupt
- 9 November 2023
- Supervising judge
- Sam Sabbe
- Official Gazette
- 20-11-2023 (pdf) ↗search the document for 2023/143884
Deadlines
- Provisional date payments stopped
- 9 November 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 5 December 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 9 December 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 19 December 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 9 November 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Filip MelisPastoriestraat 336, 8200 Bruggefilip@melisadvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 26-01-2023, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
5 d early
2021
9 d early
2020
32 d early
2019
7 d early
2018
4 d early
2016
1 d early
2015
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2022 is 16 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Limited-service restaurants, excluding mobile food services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€330,731▼ 18.1%
2021 · -€280,005
Total assets
€560,795▼ 5.8%
2021 · €595,584
Net result
-€50,726▼ 0.5%
2021 · -€50,484
Working capital
-€386,250▼ 16.2%
2021 · -€332,331
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result-€2,738--€423▲ 84.6%-€31,456▼ 7,336%-€31,294▲ 0.5%
Net result-€22,393--€21,011below the sector's middle half▲ 6.2%-€50,484below the sector's middle half▼ 140%-€50,726below the sector's middle half▼ 0.5%
Equity-€208,510--€229,521below the sector's middle half▼ 10.1%-€280,005below the sector's middle half▼ 22.0%-€330,731below the sector's middle half▼ 18.1%
Total assets€656,114-€629,869above the sector's middle half▼ 4.0%€595,584above the sector's middle half▼ 5.4%€560,795above the sector's middle half▼ 5.8%
Debt€864,624-€859,390▼ 0.6%€875,589▲ 1.9%€891,526▲ 1.8%
Working capital-€287,526--€284,003below the sector's middle half▲ 1.2%-€332,331below the sector's middle half▼ 17.0%-€386,250below the sector's middle half▼ 16.2%
Solvency-31.8%--36.4%below the sector's middle half▼ 4.7pp-47.0%below the sector's middle half▼ 10.6pp-59.0%below the sector's middle half▼ 12.0pp
Current ratio0.01-0.01below the sector's middle half▼ 0.010.01below the sector's middle half=0.01below the sector's middle half=
Return on assets (ROA)-3.4%--3.3%within the sector's middle half▲ 0.1pp-8.5%below the sector's middle half▼ 5.1pp-9.0%within the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 €31,294 in 2022 against €31,456 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €560,795
Fixed assets
€556,353 ▼ 6.2%
Current assets
€4,442 ▲ 72.2%
Equity and liabilities
Equity-€330,731
Debt€891,526
Equity is negative: debt (€891,526) exceeds the balance-sheet total (€560,795).
Key figures and ratios
EBITDA
€6,837▲
2021 · €6,154
Cash flow
-€12,595▲
2021 · -€12,874
Quick ratio
0.01▲
2021 · 0.00
Interest coverage
0.35
Debt ≤ 1 year
€390,692▲
2021 · €334,910
Debt > 1 year
€500,834▼
2021 · €540,679
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,114 | €38,722 | €37,610 | €38,131 | ▲ 1.4% |
| Other operating charges640/8 | - | - | - | €8,166 | - |
| Gross operating margin9900 | €36,505 | €41,232 | €9,197 | €15,003 | ▲ 63.1% |
| Operating profit (loss)9901 | -€2,738 | -€423 | -€31,456 | -€31,294 | ▲ 0.5% |
| Financial charges65/66B | - | - | - | €19,432 | - |
| Recurring financial charges65 | €19,655 | €20,588 | €19,028 | €19,432 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | -€22,393 | -€21,011 | -€50,484 | -€50,726 | ▼ 0.5% |
| Profit (loss) for the period9904 | -€22,393 | -€21,011 | -€50,484 | -€50,726 | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | -€22,393 | -€21,011 | -€50,484 | -€50,726 | ▼ 0.5% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €656,114 | €629,869 | €595,584 | €560,795 | ▼ 5.8% |
| Fixed assets21/28 | €651,798 | €627,264 | €593,005 | €556,353 | ▼ 6.2% |
| Tangible fixed assets22/27 | €647,198 | €622,664 | €588,405 | €551,753 | ▼ 6.2% |
| Land and buildings22 | - | - | - | €515,177 | - |
| Plant, machinery and equipment23 | - | - | - | €36,576 | - |
| Financial fixed assets28 | €4,600 | €4,600 | €4,600 | €4,600 | = |
| Current assets29/58 | €4,316 | €2,605 | €2,579 | €4,442 | ▲ 72.2% |
| Stocks and contracts in progress3 | €1,610 | €1,451 | €1,265 | €1,344 | ▲ 6.2% |
| Stocks30/36 | - | - | - | €1,344 | - |
| Amounts receivable within one year40/41 | - | €709 | €977 | €2,391 | ▲ 145% |
| Other amounts receivable41 | - | - | - | €2,391 | - |
| Cash at bank and in hand54/58 | €2,706 | €445 | €337 | €707 | ▲ 110% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €656,114 | €629,869 | €595,584 | €560,795 | ▼ 5.8% |
| Equity10/15 | -€208,510 | -€229,521 | -€280,005 | -€330,731 | ▼ 18.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | €18,600 | - |
| Other1109/19 | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€227,110 | -€248,121 | -€298,605 | -€349,331 | ▼ 17.0% |
| Amounts payable17/49 | €864,624 | €859,390 | €875,589 | €891,526 | ▲ 1.8% |
| Amounts payable after more than one year17 | €572,782 | €572,782 | €540,679 | €500,834 | ▼ 7.4% |
| Financial debts170/4 | - | - | - | €500,834 | - |
| Amounts payable within one year42/48 | €291,842 | €286,608 | €334,910 | €390,692 | ▲ 16.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €37,386 | - |
| Financial debts43 | - | - | - | €22,321 | - |
| Credit institutions430/8 | - | - | - | €22,321 | - |
| Trade debts44 | €59,252 | €80,962 | €82,393 | €109,573 | ▲ 33.0% |
| Suppliers440/4 | - | - | - | €109,573 | - |
| Taxes, remuneration and social security45 | - | - | - | €5,688 | - |
| Taxes450/3 | - | - | - | €288 | - |
| Remuneration and social security454/9 | - | - | - | €5,400 | - |
| Other amounts payable47/48 | - | - | - | €215,724 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,393 | -€21,011 | -€50,484 | -€50,726 | ▼ 0.5% |
| + Depreciation and write-downs630 | €39,114 | €38,722 | €37,610 | €38,131 | ▲ 1.4% |
| Operating cash flow (approximation) | €16,721 | €17,711 | -€12,874 | -€12,595 | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | -€14,188 | -€3,351 | -€1,479 | ▲ 55.9% |
| Change in cash | - | -€2,261 | -€108 | €370 | ▲ 443% |
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
2023
20-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 09-11-2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€50,726
Net result drops to -€50,726, the lowest in the series.
22-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-01
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-01
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2008
Ground area
377 m²
Building footprint
308 m²
Volume, LiDAR
2,421 m³
Parcel 31029C0186/00F008, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
COVAME
since 20082.172.117.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029C0186/00F008 | Flanders | 377 m² | 1 · 308 m² | 10.4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FILIP MELIS Pastoriestraat 336, 8200 Brugge |
09-11-2023 → present |
Subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,835 companies in this sector we hold annual accounts for 9,786. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded25-06-2008
Fiscal year end30-06
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.