Equity
€205,860 from €409,519 in 2006
Equity fell by 50% in 19 years.
COVAS
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €151,737 (2022)
€46,251▲ 53×
lowest -€22,171 (2012)
-€17,675▼ €7,254
peak €409,519 (2006)
€205,860▼ 7.9%
€116,858▲ 397%
Board5 names since 2021
4 directors and 3 others
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €872 to €46,251Loss of €17,675Registered office moved within Zottegem 26-08Debts from €23,529 to €116,858Investments €152,388Cash from €36,878 to €10,314
Key points
from the 2025 annual accountsLosses
-€28,096 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €190,000 estimated
The micro format states no turnover.
Investments
€426,547 7.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 34.5% higher than in 2024.
Liquidity
3.03 was 7.09 in 2024
Short-term debts fell from €5,206 to €5,048.
Filings
23 annual accounts since 2003
Three of the last ten came late. The 2023 accounts came latest: 27 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 12,344 companies had the same profile as COVAS has now. Each dot stands for 31 companies, two years later.
90.1%
were still trading
8.7%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 12,344 companies, not a prediction for COVAS. 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
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Signals
Board and ownership
Managing director
Director, since 14-12-2021
Director, since 14-12-2021
Director, since 14-12-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0480259668
Registered office moved within Zottegem
New registered office: Arthur Scheirisstraat 1-9260 Zottegem · Previous registered office: Heldenlaan 32 bus 8, 9620 Zottegem · Resignation: (director) · General meeting of 23-04-2025 · Gazette deed
4 directors appointed
Capital from €221,000 to €185,000 · Capital from €185,000 to €61,500 · Change of role: , from statutory manager to director · General meeting of 14-12-2021 · Gazette deed
Incorporation
published on 28-05-2003 · Gazette deed
Official details
Source: KBO- Status
- Active since 20-05-2003Normal situation
- Activity
- “Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door…” (deed in Dutch)From the articles, 8 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.133.316.0509620 Zottegem, since 20-05-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 13-08-2026
Annual accounts 2025
- €383,960▲ 23.4%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on COVAS
COVAS files the micro format. That format states no turnover. The gross margin rose from €11,432 in 2006 to €46,251 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.
In August 2025, the Official Gazette published the appointment of as managing director.
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 COVAS
- What is the company number of COVAS?
- The company number of COVAS is 0480.259.668. The VAT number is the same number with BE in front: BE 0480.259.668.
- Where is COVAS based?
- The registered office is at Arthur Scheirisstraat 1, 9620 Zottegem.Company details
- What is the legal form of COVAS?
- COVAS is a public limited company (NV).
- When was COVAS founded?
- COVAS was founded on 20-05-2003.
- Is COVAS still active?
- Yes, COVAS is an active enterprise in the KBO register.
- What is the turnover of COVAS?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €46,251 and 2,935 comparable companies of the same size. It probably lies between €110,000 and €340,000. It is a rough estimate.Financials
- Is COVAS profitable?
- In financial year 2025, COVAS made a loss of €17,675.
- Where can I find the annual accounts of COVAS?
- COVAS filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COVAS due?
- COVAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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