COVEFAR
ActiveSummary
COVEFAR has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €897,517 and a net result of €116,333. Equity is shrinking by about 3.8% per year across the filed financial years. Its solvency ranks better than 88% of 543 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Covefar
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- A managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur, 3” (deed in Dutch)“Enige bestuurder, natuurlijke persoon of rechtspersoon,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “De vennootschap kan deze vordering afweren door de schuldvordering te betalen tegen haar waarde, na aftrek van het disconto. Aan de…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Alle machten in artikel 2:87 WVV zonder bijzondere machtiging, algemene vergadering kan te allen tijde beperken bij gewone meerderheid” (deed in Dutch)