COVANDIS
ActiveCOVANDIS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €848k and a net result of €57k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 76% of 5495 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
12 d early
2023
40 d early
2022
25 d early
2021
36 d early
2020
45 d early
2019
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€848k▲ 7.2%
2024 · €791k
2018: €2.81M
2019: €2.84M
2020: €2.85M
2021: €2.93M
2022: €2.79M
2023: €2.78M
2024: €791k
2018 → 2025
Net result
€57k▼ 75.6%
2024 · €232k
2018: €40k
2019: €29k
2020: €13k
2021: €78k
2022: €69k
2023: €79k
2024: €232k
2018 → 2025
Total assets
€1.05M▼ 18.8%
2024 · €1.29M
2018: €3.00M
2019: €2.89M
2020: €2.89M
2021: €2.95M
2022: €3.02M
2023: €2.91M
2024: €1.29M
2018 → 2025
Solvency
80.9%▲ 19.6pp
2024 · 61.2%
2018: 93.7%
2019: 98.2%
2020: 98.8%
2021: 99.4%
2022: 92.5%
2023: 95.7%
2024: 61.2%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.93M-€2.79M▼ 4.6%€2.78M▼ 0.4%€791k▼ 71.6%€848k▲ 7.2%
Operating result€77k-€87k▲ 13.6%€102k▲ 16.9%€311k▲ 206%€84k▼ 73.0%
Net result€78k-€69k▼ 12.0%€79k▲ 16.0%€232k▲ 192%€57k▼ 75.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€628k▼ 3.0%
Current assets
€420k▼ 34.7%
Equity and liabilities €1.05M
Equity
€848k▲ 7.2%
Debt
€201k▼ 59.9%
The debt ratio falls from 38.8% to 19.1%: equity grows while debt is paid down.
Key figures and ratios
Solvency
80.9%▲
2024 · 61.2%
ROE
6.7%▼
2024 · 29.3%
ROA
5.4%▼
2024 · 18.0%
Debt
€201k▼
2024 · €500k
Debt ≤ 1 year
€198k▼
2024 · €500k
Income taxes
€27k▼
2024 · €78k
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€1.29M€1.05M▼
Fixed assets21/28€647k€628k▼
Tangible fixed assets22/27€647k€628k▼
Land and buildings22€182k€176k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€461k€450k▼
Current assets29/58€644k€420k▼
Amounts receivable within one year40/41€348k€220k▼
Trade receivables40€348k€215k▼
Other amounts receivable41-€5k
Cash at bank and in hand54/58€296k€200k▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.05M▼
Equity10/15€791k€848k▲
Contributions10/11€186k€186k=
Capital10€186k€186k=
Issued capital100€186k€186k=
Reserves13€604k€660k▲
Non-distributable reserves130/1€39k€39k=
Legal reserve130€39k€39k=
Distributable reserves133€565k€621k▲
Profit (loss) carried forward14€476€1k▲
Amounts payable17/49€500k€201k▼
Amounts payable within one year42/48€500k€198k▼
Financial debts43€18k€27k▲
Credit institutions430/8€18k€27k▲
Trade debts44€8k€17k▲
Suppliers440/4€8k€17k▲
Taxes, remuneration and social security45€39k€9k▼
Taxes450/3€39k€9k▼
Other amounts payable47/48€436k€145k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Non-recurring operating income76A€226k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€47k▼
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€35k-
Gross operating margin9900€398k€135k▼
Operating profit (loss)9901€311k€84k▼
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€999€825▼
Recurring financial charges65€999€825▼
Profit (loss) for the period before taxes9903€310k€83k▼
Income taxes67/77€78k€27k▼
Profit (loss) for the period9904€232k€57k▼
Profit (loss) for the period to be appropriated9905€232k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€232k€57k▼
Profit (loss) brought forward from the previous period14P€137€476▲
Transfer to equity691/2€20k€56k▲
To other reserves6921€20k€56k▲
Profit to be distributed694/7€211k-
Return on contributions (dividend)694€90k-
Other beneficiaries697€121k-
The notes to these accounts (4 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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €232k ▲192%
Operating result €311k, net result €232k, both a record.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity triplescurrent ratio 31.98
Current ratio from 11.27 to 31.98; short-term debt falls from €33k to €14k.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €13k ▼55.9%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Antwerpen · 1 establishment unit since 2000
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.
Cogels-Osylei 222600 AntwerpenGround area
454 m²
Building footprint
152 m²
Volume, LiDAR
1,547 m³
Parcel 11302D1288/00D006, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Cogels-Osylei 22, 2600 Antwerpen
since 20002.099.330.616
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302D1288/00D006 | Flanders | 453 m² | 1 · 152 m² | 13.8 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 24,636 companies in sector 64210 we hold annual accounts for 19,688. 13,011 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-11-1999
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.