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Covare
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Covare has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,315 and a net result of €16,892. Its solvency ranks better than 51% of 39,218 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 08-06-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Heidestraat 15, 2360 Oud-Turnhout
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.345.871.952 2360 Oud-Turnhout, since 08-06-2023
- Financial year end
- 30 September
- Peppol
- Reachable since 09-06-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts to 30-09-2025
- Gross margin
- €83,196
- ▼ 29.5%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €16,892
- ▼ 81.3%
- Equity
- €110,315
- ▲ 18.1%
- Total assets
- €192,987
- ▲ 46.2%
2025 accounts 3 days early
Filed on 27-04-2026PDF
Why 95raises riskFounded in 2023lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 7.07, cash €40,343, halvedSize: total assets €192,987Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 70, micro)
Financial strength · tick = 2024
Strong
Solvency
82-14
equity 57.2% of total assets
Liquidity
74-14
short-term debt 12.7% · cash 20.9%
Profitability
80-20
return on assets 8.8%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.5%▲ +0.1 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025highest value
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: < 0.1%▼ -0.5 percentage points vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity ample (current ratio 7.07, compared with 3.28 in 2024, above the usual 1.5; short-term debt: 12.7% and cash: 20.9% of total assets), and 42.8% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 52% on solvency, 66% on liquidity, 46% on profitability and 65% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 · 2 filingsDeviation from the deadline
2025
3 days early
2024
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 3 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
Key points
- Caution: Result fell in 2025from €90,422 to €16,892 ▼ 81.3% View
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 27-04-2026
- Annual accounts 2024filed on 28-04-2025
Acts in the Belgian Official Gazette
- Incorporationact of 12-06-2023
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about Covare
- What is the company number of Covare?
- 0802.545.039. In Belgium the VAT number is the company number with BE in front: BE 0802.545.039.
- Where is Covare based?
- The registered office is at Heidestraat 15, 2360 Oud-Turnhout.Company details
- What does Covare do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Covare?
- Private limited company (BV).
- When was Covare founded?
- On 08-06-2023.
- Is Covare still active?
- Yes, Covare is an active enterprise in the KBO register.
- What is the turnover of Covare?
- ≈ €170,000 in financial year 2025. Estimated from the gross margin of €83,196: probably between €130,000 and €210,000, based on 119 comparable companies, NACE 70200.Financials
- Is Covare profitable?
- In financial year 2025, Covare made a profit of €16,892.
- Where can I find the annual accounts of Covare?
- Covare filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of Covare due?
- By 30-04-2027, for financial year 2026.Timeline
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