Covas
ActiveCovas has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €852k and a net result of €179k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-2
Solvency56▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.46 against 1.0 in 2024; short-term debt: 19.9% and cash: 7% of total assets), and 69% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
31%
Return on assets
6.5%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
59 d early
2024
1 d early
2023
7 d early
2022
2 d late
2021
6 d early
2020
9 d late
2019
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€852k▲ 115%
2024 · €396k
2018: €203k
2019: €386k
2020: €580k
2021: €587k
2022: €581k
2023: €582k
2024: €396k
2018 → 2025
Total assets
€2.75M▲ 96.9%
2024 · €1.40M
2018: €454k
2019: €830k
2020: €1.53M
2021: €1.83M
2022: €1.71M
2023: €1.65M
2024: €1.40M
2018 → 2025
Net result
€179k▲ 51.3%
2024 · €118k
2018: €191k
2019: €183k
2020: €194k
2021: €148k
2022: €169k
2023: €88k
2024: €118k
2018 → 2025
Working capital
€-293k▼ 42,346%
2024 · €-691
2018: €22k
2019: €116k
2020: €164k
2021: €59k
2022: €65k
2023: €170k
2024: €-691
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€587k-€581k▼ 1.0%€582k▲ 0.1%€396k▼ 32.0%€852k▲ 115%
Operating result€208k-€238k▲ 14.5%€131k▼ 45.0%€169k▲ 28.6%€257k▲ 52.4%
Net result€148k-€169k▲ 14.4%€88k▼ 48.2%€118k▲ 34.7%€179k▲ 51.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.75M
Fixed assets
€2.50M▲ 128%
Current assets
€253k▼ 16.5%
Equity and liabilities €2.75M
Equity
€852k▲ 115%
Debt
€1.90M▲ 89.6%
The debt ratio falls from 71.7% to 69.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€374k▲
2024 · €333k
Cash flow
€295k▲
2024 · €282k
Solvency
31.0%▲
2024 · 28.3%
Current ratio
0.46▼
2024 · 1.00
Quick ratio
0.39▼
2024 · 1.00
Debt / equity
2.23▼
2024 · 2.53
ROE
21.0%▼
2024 · 29.8%
ROA
6.5%▼
2024 · 8.5%
Interest coverage
19.73▼
2024 · 21.29
Debt
€1.90M▲
2024 · €1.00M
Debt ≤ 1 year
€546k▲
2024 · €304k
Debt > 1 year
€1.35M▲
2024 · €697k
Income taxes
€60k▲
2024 · €35k
Staff costs
€137k▲
2024 · €133k
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€1.40M€2.75M▲
Fixed assets21/28€1.09M€2.50M▲
Intangible fixed assets21€1k-
Tangible fixed assets22/27€1.09M€2.50M▲
Land and buildings22€938k€2.40M▲
Plant, machinery and equipment23€10k€10k=
Furniture and vehicles24€144k€87k▼
Current assets29/58€303k€253k▼
Stocks and contracts in progress3-€42k
Contracts in progress37-€42k
Amounts receivable within one year40/41€57k€19k▼
Trade receivables40€28k€19k▼
Other amounts receivable41€29k-
Cash at bank and in hand54/58€245k€191k▼
Deferred charges and accrued income490/1€575€626▲
Equity and liabilities
Total equity and liabilities10/49€1.40M€2.75M▲
Equity10/15€396k€852k▲
Contributions10/11€19k€19k=
Revaluation surpluses12-€638k
Reserves13€377k€195k▼
Distributable reserves133€377k€195k▼
Profit (loss) carried forward14€92€1▼
Amounts payable17/49€1.00M€1.90M▲
Amounts payable after more than one year17€697k€1.35M▲
Financial debts170/4€697k€1.34M▲
Other amounts payable178/9-€11k
Amounts payable within one year42/48€304k€546k▲
Current portion of amounts payable after more than one year42€99k€158k▲
Trade debts44€42k€14k▼
Suppliers440/4€42k€14k▼
Advances received on contracts in progress46-€51k
Taxes, remuneration and social security45€48k€63k▲
Taxes450/3€40k€49k▲
Remuneration and social security454/9€7k€15k▲
Other amounts payable47/48€115k€260k▲
Income statement
Code20242025
Non-recurring operating income76A€29k-
Remuneration, social security and pensions62€133k€137k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164k€117k▼
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€470k€521k▲
Operating profit (loss)9901€169k€257k▲
Financial income75/76B€62€636▲
Recurring financial income75€62€67▲
Non-recurring financial income76B-€569
Financial charges65/66B€16k€19k▲
Recurring financial charges65€16k€19k▲
Profit (loss) for the period before taxes9903€153k€239k▲
Income taxes67/77€35k€60k▲
Profit (loss) for the period9904€118k€179k▲
Profit (loss) for the period to be appropriated9905€118k€179k▲
Appropriation of the result
Profit (loss) to be appropriated9906€119k€179k▲
Profit (loss) brought forward from the previous period14P€1k€92▼
Transfer from equity791/2€185k€182k▼
Profit to be distributed694/7€304k€361k▲
Return on contributions (dividend)694€304k€361k▲
Social balance
Average headcount (FTE)90871.51.8▲
The notes to these accounts (19 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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €852k ▲115%
8 profitable years in a row build equity to €852k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €88k ▼48.2%
Net result drops to €88k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Highest result since 2018net €194k ▲5.9%
Net result €194k, the highest in the series.
31-12
Financial
Equity above €500kEq €580k ▲50.1%
3 profitable years in a row build equity to €580k.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
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, Leuven · 1 establishment unit since 2018
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.
Bondgenotenlaan 333000 LeuvenGround area
95 m²
Building footprint
95 m²
Volume, LiDAR
1,441 m³
Parcel 24502B0606/00K000, Flanders · tallest building 18.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Covas
since 20182.273.352.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0606/00K000 | Flanders | 95 m² | 1 · 95 m² | 18.2 m · 6 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 367 EUR awarded · 268 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 99 EUR | 0 EUR |
| 2024 | 1 | 101 EUR | 101 EUR |
| 2023 | 1 | 99 EUR | 99 EUR |
| 2022 | 1 | 68 EUR | 68 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,750 companies in sector 68310 we hold annual accounts for 6,908. 3,930 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2018
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.