COVEBA
ActiveSummary
The computed 12-month bankruptcy probability of COVEBA is 2.3% (moderate). The 2024 annual accounts show equity of €255,291 and a net result of €76,856. Equity is growing by ~46.4% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+6
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 4.24 against 2.56 in 2023; short-term debt: 9.6% and cash: 40.6% of total assets), and 22.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 21-06-2026, 40 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
40 d early
2024
35 d early
2023
34 d early
2022
24 d early
2021
38 d early
2020
37 d early
2019
41 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€255,291▲ 43.1%
2023 · €178,435
Total assets
€328,200▲ 21.1%
2023 · €271,127
Net result
€76,856▲ 65.8%
2023 · €46,344
Working capital
€101,755▲ 119%
2023 · €46,414
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€35,425▼ 1.8%€46,048▲ 30.0%€63,902▲ 38.8%€70,310▲ 10.0%€92,139▲ 31.0%
Net result€22,510▼ 10.9%€30,040▲ 33.5%€41,884▲ 39.4%€46,344▲ 10.6%€76,856▲ 65.8%
Equity€60,166▲ 59.8%€90,206▲ 49.9%€132,090▲ 46.4%€178,435▲ 35.1%€255,291▲ 43.1%
Total assets€235,047▲ 340%€235,737▲ 0.3%€246,097▲ 4.4%€271,127▲ 10.2%€328,200▲ 21.1%
Debt€174,881▲ 1,008%€145,531▼ 16.8%€114,006▼ 21.7%€92,692▼ 18.7%€72,909▼ 21.3%
Working capital-€9,075€226€21,292▲ 9,313%€46,414▲ 118%€101,755▲ 119%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €328,200
Fixed assets
€195,000 =
Current assets
€133,200 ▲ 75.0%
Equity and liabilities €328,200
Equity
€255,291 ▲ 43.1%
Debt
€72,909 ▼ 21.3%
Debt's share of the balance-sheet total falls from 34.2% to 22.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.24▲
2023 · 2.56
Debt to equity
0.29▼
2023 · 0.52
ROE
30.1%▲
2023 · 26.0%
ROA
23.4%▲
2023 · 17.1%
Debt ≤ 1 year
€31,445▲
2023 · €29,713
Debt > 1 year
€41,464▼
2023 · €62,979
Income taxes
€37,392▲
2023 · €22,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,903 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €325 | €536 | €536 | €211 | - | - |
| Other operating charges640/8 | - | €241 | €555 | €599 | €449 | ▼ 25.0% |
| Gross operating margin9900 | €36,228 | €46,825 | €64,993 | €71,121 | €92,589 | ▲ 30.2% |
| Operating profit (loss)9901 | €35,425 | €46,048 | €63,902 | €70,310 | €92,139 | ▲ 31.0% |
| Financial income75/76B | - | €0 | - | €18 | €25,076 | ▲ 140,066% |
| Recurring financial income75 | €8 | €0 | - | €18 | €25,076 | ▲ 140,066% |
| Financial charges65/66B | - | €848 | €1,090 | €1,241 | €2,967 | ▲ 139% |
| Recurring financial charges65 | €648 | €848 | €1,090 | €1,241 | €2,967 | ▲ 139% |
| Profit (loss) for the period before taxes9903 | €34,784 | €45,200 | €62,812 | €69,087 | €114,248 | ▲ 65.4% |
| Income taxes67/77 | €12,274 | €15,161 | €20,928 | €22,743 | €37,392 | ▲ 64.4% |
| Profit (loss) for the period9904 | €22,510 | €30,040 | €41,884 | €46,344 | €76,856 | ▲ 65.8% |
| Profit (loss) for the period to be appropriated9905 | €22,510 | €30,040 | €41,884 | €46,344 | €76,856 | ▲ 65.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235,047 | €235,737 | €246,097 | €271,127 | €328,200 | ▲ 21.1% |
| Fixed assets21/28 | €196,283 | €195,747 | €195,211 | €195,000 | €195,000 | = |
| Tangible fixed assets22/27 | €1,283 | €747 | €211 | €0 | - | - |
| Furniture and vehicles24 | - | €747 | €211 | €0 | - | - |
| Financial fixed assets28 | €195,000 | €195,000 | €195,000 | €195,000 | €195,000 | = |
| Current assets29/58 | €38,764 | €39,990 | €50,886 | €76,127 | €133,200 | ▲ 75.0% |
| Cash at bank and in hand54/58 | €38,681 | €39,990 | €50,886 | €75,912 | €133,200 | ▲ 75.5% |
| Deferred charges and accrued income490/1 | - | - | - | €215 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235,047 | €235,737 | €246,097 | €271,127 | €328,200 | ▲ 21.1% |
| Equity10/15 | €60,166 | €90,206 | €132,090 | €178,435 | €255,291 | ▲ 43.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €47,766 | €77,806 | €119,690 | €166,035 | €242,891 | ▲ 46.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €75,946 | €117,830 | €166,035 | €242,891 | ▲ 46.3% |
| Amounts payable17/49 | €174,881 | €145,531 | €114,006 | €92,692 | €72,909 | ▼ 21.3% |
| Amounts payable after more than one year17 | €127,042 | €105,767 | €84,413 | €62,979 | €41,464 | ▼ 34.2% |
| Financial debts170/4 | - | €105,767 | €84,413 | €62,979 | €41,464 | ▼ 34.2% |
| Amounts payable within one year42/48 | €47,839 | €39,764 | €29,594 | €29,713 | €31,445 | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | €21,275 | €21,354 | €21,434 | €21,515 | ▲ 0.4% |
| Trade debts44 | €1,799 | €1,160 | €1,641 | €938 | €1,113 | ▲ 18.6% |
| Suppliers440/4 | - | €1,160 | €1,641 | €938 | €1,113 | ▲ 18.6% |
| Taxes, remuneration and social security45 | - | €15,160 | €5,928 | €6,671 | €7,249 | ▲ 8.7% |
| Taxes450/3 | - | €15,160 | €5,928 | €6,671 | €7,249 | ▲ 8.7% |
| Other amounts payable47/48 | - | €2,170 | €670 | €670 | €1,568 | ▲ 134% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,510 | €30,040 | €41,884 | €46,344 | €76,856 | ▲ 65.8% |
| + Depreciation and write-downs630 | €325 | €536 | €536 | €211 | - | - |
| Operating cash flow (approximation) | €22,834 | €30,576 | €42,420 | €46,556 | €76,856 | ▲ 65.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1,310 | €10,895 | €25,026 | €57,288 | ▲ 129% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €76,856 ▲65.8%
Operating result €92,139, net result €76,856, both a record.
31-12
Financial
Equity above €200,000Eq €255,291 ▲43.1%
6 profitable years in a row build equity to €255,291.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €178,435 ▲35.1%
5 profitable years in a row build equity to €178,435.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €132,090 ▲46.4%
4 profitable years in a row build equity to €132,090.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €22,510 ▼10.9%
Net result drops to €22,510, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Sint-Truiden · 1 establishment unit since 2019
Ground area
1,057 m²
Building footprint
179 m²
Volume, LiDAR
1,006 m³
Parcel 71019A0174/00L000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gudderstraat 3, 3800 Sint-Truiden
since 20192.287.046.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71019A0174/00L000 | Flanders | 1,057 m² | 1 · 179 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded14-02-2019
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0720714255
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.