COVAN

Active

Private limited company (pre-2019)founded 200323 yrs activeAllemansweg 33, 3650 Dilsen-Stokkem, BelgiumKBO/BCE: BE 0479.849.201

COVAN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability68▲+6

Solvency26▼-1

Growth52=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

0.6%

Return on assets

-0.6%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9716 sector peers (2024).

NBB · sector comparison

Position among 9716 sector peers

Solvency

better than 16%

← weakest strongest →

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

33 d early

2022

81 d early

2021

2 d early

2020

31 d late

2019

35 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€4k▼ 47.3%

2023 · €7k

2018: €81 2019: €-64 2020: €-1k 2021: €3k 2022: €6k 2023: €7k

2018 → 2024

Total assets

€562k▲ 103%

2023 · €276k

2018: €27k 2019: €24k 2020: €328k 2021: €310k 2022: €295k 2023: €276k

2018 → 2024

Net result

€-3k

2023 · €1k

2018: €3k 2019: €-146 2020: €-950 2021: €4k 2022: €3k 2023: €1k

2018 → 2024

Working capital

€-352k▼ 658%

2023 · €-47k

2018: €-12k 2019: €-13k 2020: €-44k 2021: €-43k 2022: €-44k 2023: €-47k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-1k-€3k€6k▲ 89.2%€7k▲ 18.8%€4k▼ 47.3%

Operating result€4k-€8k▲ 132%€7k▼ 19.3%€5k▼ 23.8%€471▼ 90.9%

Net result€-950-€4k€3k▼ 33.3%€1k▼ 60.2%€-3k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 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 €562k

99.3%

Fixed assets €558k▲ 103%

Current assets €4k▲ 210%

Equity and liabilities €562k

99.4%

Equity €4k▼ 47.3%

Debt €558k▲ 107%

The debt ratio rises from 97.5% to 99.4%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€23k▲

2023 · €21k

Cash flow

€19k▲

2023 · €17k

Solvency

0.6%▼

2023 · 2.5%

Current ratio

0.01▼

2023 · 0.03

Quick ratio

0.01▼

2023 · 0.03

ROE

-89.8%▼

2023 · 15.8%

ROA

-0.6%▼

2023 · 0.4%

Interest coverage

6.13▲

2023 · 5.09

Debt

€558k▲

2023 · €269k

Debt ≤ 1 year

€356k▲

2023 · €48k

Debt > 1 year

€202k▼

2023 · €222k

A ratio outside any meaningful range has been withheld (balance sheet total €562k, equity €4k).

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€276k€562k▲

Fixed assets21/28€275k€558k▲

Tangible fixed assets22/27€275k€558k▲

Land and buildings22€275k€558k▲

Current assets29/58€1k€4k▲

Amounts receivable within one year40/41-€27

Other amounts receivable41-€27

Cash at bank and in hand54/58€1k€4k▲

Equity and liabilities

Total equity and liabilities10/49€276k€562k▲

Equity10/15€7k€4k▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-12k€-15k▼

Amounts payable17/49€269k€558k▲

Amounts payable after more than one year17€222k€202k▼

Financial debts170/4€222k€202k▼

Amounts payable within one year42/48€48k€356k▲

Current portion of amounts payable after more than one year42€20k€20k▲

Trade debts44€384€2k▲

Suppliers440/4€384€2k▲

Taxes, remuneration and social security45€206€146▼

Taxes450/3€206€146▼

Other amounts payable47/48€28k€335k▲

Income statement Code20232024

Non-recurring operating income76A-€525

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€22k▲

Other operating charges640/8€294€3k▲

Gross operating margin9900€21k€25k▲

Operating profit (loss)9901€5k€471▼

Financial charges65/66B€4k€4k▼

Recurring financial charges65€4k€4k▼

Profit (loss) for the period before taxes9903€1k€-3k▼

Profit (loss) for the period9904€1k€-3k▼

Profit (loss) for the period to be appropriated9905€1k€-3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-12k€-15k▼

Profit (loss) brought forward from the previous period14P€-13k€-12k▲

Social balance

Average headcount (FTE)9087-0.0

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €-3k ▼399%

Net result drops to €-3k, the lowest in the series.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

11-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

29-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Back to profitnet €4k

Net result €4k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

26-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

28-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

12-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

11-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

18-02

NBB filing Annual accounts filed

fiscal year 2015 · 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, Dilsen-Stokkem · 1 establishment unit since 2003

establishment The establishment unit on the map

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.

Allemansweg 333650 Dilsen-Stokkem

Ground area

773 m²

Building footprint

166 m²

Volume, LiDAR

716 m³

Parcel 72032B1444/00B000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Allemansweg 33, 3650 Dilsen-Stokkem

NACE 7020301

since 20032.126.633.146

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72032B1444/00B000	Flanders	773 m²	1 · 166 m²	6.3 m · 1 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.

Similar companies · same sector, comparable size

VNK Vastgoed

BE 0597.898.991

Merelbeke-Melle · Eq €4k

Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 780 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded27-03-2003

Fiscal year end31-12

Activities, NACEBEL

68203Renting and operating of own or leased non-residential real estate, excluding land

Sources

Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.