Turnover
≈ €100,000 estimated
The accounts state no turnover.
COVARIA
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €356,411 (2023)
€28,858▲ €45,821
lowest -€46,805 (2008)
€12,618▲ €44,422
peak €381,901 (2023)
€362,715▲ 3.6%
€155,762▲ 36.3%
Board2 names since 2009
1 directorSmallegange Carolien
Documentsfilings and deeds
21-08-202621 days late
2025abbreviated format
Gross margin from -€16,964 to €28,858Back to profit: €12,618Debts from €114,321 to €155,762Cash from €7,353 to €81,592
Key points
from the 2025 annual accountsFilings
31 annual accounts since 1995
Nine of the last ten came late. The 2020 accounts came latest: 90 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 50% of micro companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,431 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.2%▼ -0.4 percentage points vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.6 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 21 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €585,791
Liquidity: current ratio 0.53, cash €81,592
Founded in 1994
Calculation
The band follows from the bankruptcy probability. 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 74, micro). It does better than 63% of them on solvency, 47% on liquidity, 41% on profitability and 48% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as COVARIA has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COVARIA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for COVARIA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.53 (0.21 in 2024), below 1. Short-term debt is 26.6% and cash 13.9% of total assets. 38.1% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
21 days late
2024
27 days late
2023
85 days late
2022
81 days early
2021
57 days late
2020
90 days late
2019
45 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 59 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0452475306
Company renamed from ALISCA to COVARIA
Change of role: Smallegange Carolien, from manager to director · Resignation: STEVENS Alena Elisabeth Julia (manager) · “Het beheer van een patrimonium,samengesteld uit onroerende en roerende goederen,het valoriseren en…” (deed in Dutch) · General meeting of 27-04-2023 · Gazette deed
First establishment
De Keersmaekerlaan 22, Merchtem
Incorporation
published on 06-05-1994 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COVARIA Merchtem | €585,791 | €28,858 | 61.9% | - |
| INGBER & HERMANS ASSOCIATES Antwerp | €907,183 | €43,010 | 42.7% | - |
| Young Living Urban Approach Ghent | €277,406 | €33,246 | 31.4% | - |
| WOODSTANG Oostkamp | €302,672 | €34,505 | 17.3% | - |
| Studio Barabas Londerzeel | €459,723 | €103,335 | 76.9% | - |
| SANIREV Oudenaarde | €407,288 | €82,225 | 77.9% | - |
| Interiors by Dejaegere Kortrijk | €242,536 | €47,660 | 70.3% | - |
These companies have the same main activity as COVARIA: interior design (NACE 74130). They are comparable in size and age: total assets between €243,000 and €907,000, founded between 1978 and 2004.
Official details
Source: KBO- Status
- Active since 06-04-1994Normal situation
- Activity
- Interior designNACE 74130
- Establishment unit
- 2.066.757.0261785 Merchtem, since 10-05-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2024
Insights on COVARIA
COVARIA files the abbreviated format. That format states no turnover. The gross margin rose from €22,937 in 2006 to €28,858 in 2025.
The balance sheet grew most in 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COVARIA
- What is the company number of COVARIA?
- The company number of COVARIA is 0452.475.306. The VAT number is the same number with BE in front: BE 0452.475.306.
- Where is COVARIA based?
- The registered office is at De Keersmaekerlaan 22, 1785 Merchtem.Company details
- What does COVARIA do?
- According to the KBO register, the main activity is interior design (NACE 74130).
- What is the legal form of COVARIA?
- COVARIA is a private limited company (BV).
- When was COVARIA founded?
- COVARIA was founded on 06-04-1994.
- Is COVARIA still active?
- Yes, COVARIA is an active enterprise in the KBO register.
- What is the turnover of COVARIA?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €28,858 and 1,231 comparable companies of the same size. It probably lies between €55,000 and €190,000. It is a rough estimate.Financials
- Is COVARIA profitable?
- In financial year 2025, COVARIA made a profit of €12,618.
- Where can I find the annual accounts of COVARIA?
- COVARIA filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COVARIA due?
- COVARIA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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