Active BE 0898.929.682Private limited company (pre-2019)Open bankruptcy

COVAME

Moerkerkse Steenweg 350 ·8310 Brugge, Belgium· 18 yrs active

Sector: Food & beverage service (56112)

Conclusion Checked

A bankruptcy procedure is open for COVAME according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-280k) and a net result of €-299k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-280k
Net result	€-299k
Active	18 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

33 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 100

Solvency 33

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

0 / 100 Critical

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 26-01-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

EBITDA

€6k

-83.9% 18–21

Net profit

€-299k

-20.3% 18–21

Cash flow

€-261k

-24.6% 18–21

Total assets

€596k

-5.4% 18–21

Equity

€-280k

-22.0% 18–21

Working capital

€-332k

-17.0% 18–21

Debt

€876k

+1.9% 18–21

Debt ≤ 1y

€335k

+16.9% 18–21

Debt > 1y

€541k

-5.6% 18–21

Current ratio

0.01

-15.3% 18–21

Quick ratio

0.00

-2.6% 18–21

Solvency

-47.0%

-29.0% 18–21

Debt / equity

-1.93

+22.6% 18–21

ROE

106.6%

-1.4% 18–21

ROA

-50.1%

-27.3% 18–21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	—
EBITDA	€6k
Net profit	€-299k
Cash flow	€-261k
Staff costs	—
Income taxes	—
Dividends	—
Total assets	€596k
Equity	€-280k
Debt	€876k
of which ≤ 1y	€335k
of which > 1y	€541k
Working capital	€-332k
Employees (FTE)	—

Ratios (computed)

	2021
Current ratio	0.01
Quick ratio	0.00
Working capital ratio	-55.8%
Solvency	-47.0%
Debt / equity	-1.93
Long-term debt ratio	-1.93
Interest coverage	—
Gross margin	—
Net margin	—
ROA	-50.1%
ROE	106.6%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2021

Assets

Fixed assets €593k · 99.6% Current assets €3k · 0.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet — Assets
TOTAL ASSETS	20/58	€596k
Fixed assets	21/28	€593k
Tangible fixed assets	22/27	€588k
Financial fixed assets	28	€5k
Current assets	29/58	€3k
Stocks & contracts in progress	3	€1k
Amounts receivable within one year	40/41	€977
Cash & bank	54/58	€337
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€596k
Equity	10/15	€-280k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€-299k
Amounts payable	17/49	€876k
Amounts payable after one year	17	€541k
Amounts payable within one year	42/48	€335k
Trade debts payable within one year	44	€82k
Income statement
Gross operating margin	9900	€9k
Operating result	9901	€-31k
Financial charges	65	€19k
Result before taxes	9903	€-50k
Net result for the period	9904	€-50k
Result to be appropriated	9905	€-50k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FILIP MELIS PASTORIESTRAAT 336, 8200 BRUGGE- ↔ Also on 31 other cases	09-11-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Food & beverage service(56112)
Legal form	Private limited company (pre-2019)(015)
Incorporation	25-06-2008
Status	Active
Postal code	8310
First BS signal	20-11-2023
Latest BS signal	20-11-2023

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

COVAME

Moerkerkse Steenweg 350, 8310 BruggeCafés en bars

since 20082.172.117.040

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31029C0186/00F008	Flanders	377 m²	1 · 308 m²	10.4 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

20-11-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Brugge · COVAME BV MOERKERKSE STEENWEG 350, 8310 BRUGGE · event 09-11-2023

26-01-2023