Summary
COVANDIS 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 €847,532 and a net result of €56,735. Equity is shrinking by about 4.6% per year across the filed financial years. Its solvency ranks better than 77% of 6,680 sector peers (NACE 64, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 20-08-2024
- Name clauseThe name the company operates under according to its articles.
- COVANDISdeed of 05-01-2024
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2600 Antwerpen (Berchem) Cogels-Osylei 22” (deed in Dutch)deed of 20-08-2024
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Sluiting jaarvergadering, raad van bestuur” (deed in Dutch)“Vergoeding kosten onverminderd, vergoeding bestuurders” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of February at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuursorgaan in functie als college van vereffenaars bij gebrek aan benoeming, een of meer benoemd door algemene vergadering” (deed in Dutch)1 more provision on this in the deed