CoVbat
ActiveCoVbat has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €105k and a net result of €22k. Its solvency ranks better than 42% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-18
Solvency74▼-23
Growth52
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 3.52 in 2023; short-term debt: 45.5% and cash: 35.1% of total assets), but 50.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€105k▲ 26.4%
2023 · €83k
2023: €83k
2023 → 2024
Total assets
€213k▲ 84.1%
2023 · €116k
2023: €116k
2023 → 2024
Net result
€22k▼ 72.8%
2023 · €81k
2023: €81k
2023 → 2024
Working capital
€85k▲ 4.6%
2023 · €82k
2023: €82k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€83k-€105k▲ 26.4%
Operating result€112k-€30k▼ 73.0%
Net result€81k-€22k▼ 72.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 73% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213k
Fixed assets
€31k▲ 1,725%
Current assets
€182k▲ 59.8%
Equity and liabilities €213k
Equity
€105k▲ 26.4%
Debt
€108k▲ 233%
The debt ratio rises from 28.0% to 50.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▼
2023 · €114k
Cash flow
€33k▼
2023 · €82k
Solvency
49.4%▼
2023 · 72.0%
Current ratio
1.88▼
2023 · 3.52
Quick ratio
1.88▼
2023 · 3.52
Debt / equity
1.02▲
2023 · 0.39
ROE
20.9%▼
2023 · 97.0%
ROA
10.3%▼
2023 · 69.9%
Interest coverage
19.33▼
2023 · 6449.03
Debt
€108k▲
2023 · €32k
Debt ≤ 1 year
€97k▲
2023 · €32k
Debt > 1 year
€11k
Income taxes
€6k▼
2023 · €32k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€116k€213k▲
Fixed assets21/28€2k€31k▲
Tangible fixed assets22/27€2k€31k▲
Furniture and vehicles24€2k€31k▲
Current assets29/58€114k€182k▲
Amounts receivable within one year40/41€75k€106k▲
Trade receivables40€75k€106k▲
Cash at bank and in hand54/58€39k€75k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€116k€213k▲
Equity10/15€83k€105k▲
Contributions10/11€3k€3k=
Reserves13€81k€81k=
Distributable reserves133€81k€81k=
Profit (loss) carried forward14€96€22k▲
Amounts payable17/49€32k€108k▲
Amounts payable after more than one year17-€11k
Financial debts170/4-€11k
Amounts payable within one year42/48€32k€97k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44€9k€63k▲
Suppliers440/4€9k€63k▲
Taxes, remuneration and social security45€22k€16k▼
Taxes450/3€22k€16k▼
Other amounts payable47/48€1k€8k▲
Accrued charges and deferred income492/3€9€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€11k▲
Other operating charges640/8€387€4k▲
Gross operating margin9900€114k€45k▼
Operating profit (loss)9901€112k€30k▼
Financial income75/76B€14€116▲
Recurring financial income75€14€116▲
Financial charges65/66B€18€2k▲
Recurring financial charges65€18€2k▲
Profit (loss) for the period before taxes9903€112k€28k▼
Income taxes67/77€32k€6k▼
Profit (loss) for the period9904€81k€22k▼
Profit (loss) for the period to be appropriated9905€81k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€22k▼
Profit (loss) brought forward from the previous period14P-€96
Transfer to equity691/2€81k€0▼
To other reserves6921€81k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Equity above €100kEq €105k ▲26.4%
2 profitable years in a row build equity to €105k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Agatha-Berchem · 1 establishment unit since 2023
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.
Bloemkwekersstraat 511082 Sint-Agatha-BerchemGround area
524 m²
Building footprint
83 m²
Volume, LiDAR
662 m³
Parcel 21003A0302/00W000, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CoVbat
since 20232.343.527.621
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0302/00W000 | Brussels | 524 m² | 1 · 82 m² | 12.1 m · 3 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.
Similar companies · same sector, comparable size
FLOWSTARTERS
BE 0899.313.130
Vorselaar · Eq €105k
Andromedata
BE 0765.971.485
Sint-Niklaas · Eq €105k
LUCA PULLARA MANAGEMENT
BE 0781.632.037
Quévy · Eq €105k
K5 GROUP
BE 0731.873.809
Mont-de-l'Enclus · Eq €105k
Universal coaches
BE 0402.664.915
Brugge · Eq €105k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 40,676 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2023
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
55100Hotels and similar accommodation
55204Guest rooms (bed and breakfast)
82300Organisation of conventions and trade shows
85510Sports and recreation education
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 2 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.