Covani
ActiveCovani has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.45M and a net result of €163k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 8647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 33.53 in 2024; short-term debt: 9.6% and cash: 4.5% of total assets), and 9.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
90.4%
Return on assets
10.2%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
23 d early
2022
27 d early
2021
23 d early
2020
48 d early
2019
39 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
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.45M▼ 38.1%
2024 · €2.34M
2018: €1.27M
2019: €1.36M
2020: €1.50M
2021: €1.90M
2022: €2.03M
2023: €2.19M
2024: €2.34M
2018 → 2025
Total assets
€1.60M▼ 32.4%
2024 · €2.37M
2018: €1.65M
2019: €1.66M
2020: €1.82M
2021: €2.25M
2022: €2.09M
2023: €2.22M
2024: €2.37M
2018 → 2025
Net result
€163k▲ 6.8%
2024 · €153k
2018: €111k
2019: €94k
2020: €139k
2021: €400k
2022: €131k
2023: €152k
2024: €153k
2018 → 2025
Working capital
€138k▼ 86.5%
2024 · €1.02M
2018: €-95k
2019: €8k
2020: €156k
2021: €564k
2022: €703k
2023: €861k
2024: €1.02M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.90M-€2.03M▲ 6.9%€2.19M▲ 7.5%€2.34M▲ 7.0%€1.45M▼ 38.1%
Operating result€197k-€198k▲ 0.5%€212k▲ 7.2%€197k▼ 7.2%€222k▲ 12.7%
Net result€400k-€131k▼ 67.3%€152k▲ 15.9%€153k▲ 0.7%€163k▲ 6.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€1.31M▼ 0.6%
Current assets
€292k▼ 72.3%
Equity and liabilities €1.60M
Equity
€1.45M▼ 38.1%
Debt
€154k▲ 364%
The debt ratio rises from 1.4% to 9.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€230k▲
2024 · €205k
Cash flow
€171k▲
2024 · €161k
Solvency
90.4%▼
2024 · 98.6%
Current ratio
1.90▼
2024 · 33.53
Quick ratio
1.90▼
2024 · 33.53
Debt / equity
0.11▲
2024 · 0.01
ROE
11.3%▲
2024 · 6.5%
ROA
10.2%▲
2024 · 6.4%
Interest coverage
4996.13▲
2024 · 3872.75
Debt
€154k▲
2024 · €33k
Debt ≤ 1 year
€154k▲
2024 · €31k
Income taxes
€77k▲
2024 · €71k
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€2.37M€1.60M▼
Fixed assets21/28€1.32M€1.31M▼
Tangible fixed assets22/27€228k€220k▼
Land and buildings22€226k€219k▼
Furniture and vehicles24€1k€792▼
Financial fixed assets28€1.09M€1.09M=
Current assets29/58€1.05M€292k▼
Amounts receivable within one year40/41€47k€20k▼
Trade receivables40€20k€20k=
Other amounts receivable41€27k-
Current investments50/53€900k€200k▼
Cash at bank and in hand54/58€107k€72k▼
Equity and liabilities
Total equity and liabilities10/49€2.37M€1.60M▼
Equity10/15€2.34M€1.45M▼
Contributions10/11€1.09M€50k▼
Reserves13€1.25M€1.40M▲
Non-distributable reserves130/1€23k-
Reserves not available under the articles1311€23k-
Distributable reserves133€1.22M€1.40M▲
Amounts payable17/49€33k€154k▲
Amounts payable within one year42/48€31k€154k▲
Trade debts44€1k€895▼
Suppliers440/4€1k€895▼
Taxes, remuneration and social security45€30k€38k▲
Taxes450/3€30k€38k▲
Other amounts payable47/48-€115k
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€208k€232k▲
Operating profit (loss)9901€197k€222k▲
Financial income75/76B€27k€18k▼
Recurring financial income75€27k€18k▼
Financial charges65/66B€53€46▼
Recurring financial charges65€53€46▼
Profit (loss) for the period before taxes9903€224k€240k▲
Income taxes67/77€71k€77k▲
Profit (loss) for the period9904€153k€163k▲
Profit (loss) for the period to be appropriated9905€153k€163k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€163k▲
Transfer from equity791/2-€12k
Transfer to equity691/2€153k€163k▲
To other reserves6921€153k€163k▲
Profit to be distributed694/7-€12k
Return on contributions (dividend)694-€12k
The notes to these accounts (5 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Liquidity times 5current ratio 14.27
Current ratio from 2.64 to 14.27; short-term debt falls from €344k to €53k.
30-09
Financial
Equity above €2MEq €2.03M ▲6.9%
5 profitable years in a row build equity to €2.03M.
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €400k ▲187%
Net result €400k, the highest in the series.
13-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €94k ▼15.3%
Net result drops to €94k, the lowest in the series; recovery starts the following year.
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-03
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
3 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, Waregem · 1 establishment unit since 2014
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.
Hoogmolenstraat 878790 WaregemGround area
1,661 m²
Building footprint
176 m²
Parcel 34453E0174/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
COVANI
since 20142.237.431.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453E0174/00F000 | Flanders | 1,661 m² | 1 · 176 m² | - |
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.
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 23,743 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2014
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.