COVAMO
The computed 12-month bankruptcy probability of COVAMO is 4.9% (elevated). The 2024 annual accounts show equity of €1.23M and a net result of €569k. Equity is growing by ~53.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 873 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.23M |
| Net result | €569k |
| Staff (FTE) | 17.8 |
| Better than sector | 30% |
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 5.1% | 17.2% | |
| Net result | €569k | €14k | |
| Equity | €1.23M | €99k | |
| Staff costs | €1.28M | €221k | |
| Employees (FTE) | 17.8 | 5.6 |
Show 14 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €73.12M |
| EBITDA | €883k |
| Net profit | €569k |
| Cash flow | €679k |
| Staff costs | €1.28M |
| Income taxes | €52k |
| Dividends | - |
| Total assets | €23.92M |
| Equity | €1.23M |
| Debt | €22.69M |
| of which ≤ 1y | €18.55M |
| of which > 1y | €3.91M |
| Working capital | €-246k |
| Employees (FTE) | 17.8 |
| 2024 | |
|---|---|
| Current ratio | 0.99 |
| Quick ratio | 0.49 |
| Working capital ratio | -1.0% |
| Solvency | 5.1% |
| Debt / equity | 18.43 |
| Long-term debt ratio | 3.18 |
| Interest coverage | 1.62 |
| Gross margin | 3.6% |
| Net margin | 0.8% |
| ROA | 2.4% |
| ROE | 46.2% |
| EBITDA margin | 1.2% |
| Days sales outstanding | 33d |
| Days payable outstanding | 80d |
| Inventory turnover | 7.67 |
| Days inventory (DSI) | 48d |
Full annual accounts (25 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €23.92M |
| Fixed assets | 21/28 | €5.61M |
| Formation expenses | 20 | €0 |
| Tangible fixed assets | 22/27 | €1.31M |
| Financial fixed assets | 28 | €4.30M |
| Current assets | 29/58 | €18.31M |
| Stocks & contracts in progress | 3 | €9.19M |
| Amounts receivable within one year | 40/41 | €7.34M |
| Cash & bank | 54/58 | €1.44M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €23.92M |
| Equity | 10/15 | €1.23M |
| Contributions / capital | 10/11 | €150k |
| Accumulated profits (losses) | 14 | €1.08M |
| Amounts payable | 17/49 | €22.69M |
| Amounts payable after one year | 17 | €3.91M |
| Amounts payable within one year | 42/48 | €18.55M |
| Trade debts payable within one year | 44 | €15.39M |
| Income statement | ||
| Turnover | 70 | €73.12M |
| Operating result | 9901 | €774k |
| Financial income | 75 | €458k |
| Financial charges | 65 | €579k |
| Result before taxes | 9903 | €621k |
| Income taxes | 67/77 | €52k |
| Net result for the period | 9904 | €569k |
| Result to be appropriated | 9905 | €569k |
| NACE primary | Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811) |
| Legal form | Private limited company(610) |
| Incorporation | 23-04-2021 |
| Status | Active |
| Postal code | 3900 |
Show 2 more locations
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373L0102/00G000 | Flanders | 8,242 m² | 1 · 2,133 m² | 31.8 m · 2 fl. |
| 13342B0172/00H000 | Flanders | 6,696 m² | 1 · 2,160 m² | 8.2 m · 2 fl. |
| 71327G0037/00S003 | Flanders | 6,017 m² | 1 · 2,352 m² | 8.1 m · 2 fl. |
| 71303B1094/00H000 | Flanders | 5,978 m² | 1 · 1,634 m² | 6.2 m · 2 fl. |
| 73048B0949/00V000 | Flanders | 5,305 m² | 1 · 2,599 m² | 12.1 m · 2 fl. |
| 72502D1100/00X000 | Flanders | 3,520 m² | 1 · 1,792 m² | 7.5 m · 2 fl. |
| 71005C1306/00P000 | Flanders | 2,271 m² | 1 · 732 m² | 6.8 m · 2 fl. |
| 13435C0041/00G000 | Flanders | 317 m² | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
| Legal nameNL | COVAMO |