COVAN FOOD
ActiveThe computed 12-month bankruptcy probability of COVAN FOOD is 4.2% (elevated). The 2025 annual accounts show equity of €15k and a net result of €21k. Its solvency ranks better than 31% of 13270 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+54
Solvency32▲+10
Growth78
Track record82
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.27 against 0.23 in 2024; short-term debt: 88.3% and cash: 19.3% of total assets), and 92.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
7.3%
Return on assets
9.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k
2024 · €-6k
2024: €-6k
2024 → 2025
Total assets
€213k▼ 6.3%
2024 · €227k
2024: €227k
2024 → 2025
Net result
€21k
2024 · €-11k
2024: €-11k
2024 → 2025
Working capital
€-137k▲ 15.2%
2024 · €-161k
2024: €-161k
2024 → 2025
Multi-year overview
Available amounts per fiscal year
Line20242025Trend
Equity€-6k-€15k
Operating result€-8k-€28k
Net result€-11k-€21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €28k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€162k▼ 9.5%
Current assets
€51k▲ 5.6%
Equity and liabilities €213k
Equity
€15k
Debt
€198k
Debt finances 92.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€50k▲
2024 · €4k
Cash flow
€43k▲
2024 · €2k
Solvency
7.3%▲
2024 · -2.5%
Current ratio
0.27▲
2024 · 0.23
Quick ratio
0.23▲
2024 · 0.19
Debt / equity
12.79▲
2024 · -40.99
ROE
136.8%
ROA
9.9%▲
2024 · -4.7%
Interest coverage
10.51▲
2024 · 1.65
Debt
€198k▼
2024 · €233k
Debt ≤ 1 year
€188k▼
2024 · €210k
Debt > 1 year
€10k▼
2024 · €23k
Income taxes
€3k
Staff costs
€242k▲
2024 · €77k
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€227k€213k▼
Fixed assets21/28€179k€162k▼
Intangible fixed assets21€140k€125k▼
Tangible fixed assets22/27€39k€37k▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€11k€8k▼
Other tangible fixed assets26€16k€19k▲
Current assets29/58€48k€51k▲
Stocks and contracts in progress3€9k€8k▼
Stocks30/36€9k€8k▼
Amounts receivable within one year40/41€1k€1k▼
Trade receivables40-€0
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58€38k€41k▲
Deferred charges and accrued income490/1€345€163▼
Equity and liabilities
Total equity and liabilities10/49€227k€213k▼
Equity10/15€-6k€15k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-11k€10k▲
Amounts payable17/49€233k€198k▼
Amounts payable after more than one year17€23k€10k▼
Financial debts170/4€23k€10k▼
Amounts payable within one year42/48€210k€188k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€163k€122k▼
Suppliers440/4€163k€122k▼
Taxes, remuneration and social security45€17k€34k▲
Taxes450/3€6k€12k▲
Remuneration and social security454/9€11k€22k▲
Other amounts payable47/48€17k€19k▲
Income statement
Code20242025
Non-recurring operating income76A-€253
Remuneration, social security and pensions62€77k€242k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€22k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€83k€296k▲
Operating profit (loss)9901€-8k€28k▲
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€-11k€24k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-11k€21k▲
Profit (loss) for the period to be appropriated9905€-11k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€10k▲
Profit (loss) brought forward from the previous period14P-€-11k
The notes to these accounts (9 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro 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, La Louvière · 1 establishment unit since 2024
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.
Rue Hamoir(L.L) 27100 La LouvièreGround area
1,034 m²
Building footprint
422 m²
Volume, LiDAR
6,875 m³
2 parcels, Wallonia · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
D'un goût à l'autre
since 20242.364.086.572
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52010A0243/00P004 | Wallonia | 656 m² | 1 · 63 m² | - |
| 55373B0001/00F041 | Wallonia | 378 m² | 1 · 359 m² | 21.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteChapelle-lez-Herlaimont2.364.086.572
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DIVIN CAPRICE
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 8,235 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2024
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:covan-food@hotmail.com
Phone:+32498656205