COVEMAECKER & CO
ActiveSummary
COVEMAECKER & CO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €654k and a net result of €52k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
89
/ 100
Excellent
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
Solvency100▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 6.56 against 3.36 in 2024; short-term debt: 12.3% and cash: 41% of total assets), and 14.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
85.4%
Return on assets
6.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
27 d early
2023
1 d early
2022
2 d early
2021
1 d early
2020
4 d early
2019
27 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€654k▲ 8.6%
2024 · €602k
2018: €248k
2019: €294k
2020: €393k
2021: €515k
2022: €510k
2023: €611k
2024: €602k
2018 → 2025
Total assets
€766k▼ 9.5%
2024 · €847k
2018: €537k
2019: €615k
2020: €783k
2021: €858k
2022: €826k
2023: €866k
2024: €847k
2018 → 2025
Net result
€52k▼ 28.3%
2024 · €72k
2018: €31k
2019: €46k
2020: €119k
2021: €122k
2022: €79k
2023: €100k
2024: €72k
2018 → 2025
Working capital
€526k▲ 6.7%
2024 · €493k
2018: €237k
2019: €222k
2020: €323k
2021: €409k
2022: €402k
2023: €519k
2024: €493k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€515k-€510k▼ 1.0%€611k▲ 19.7%€602k▼ 1.4%€654k▲ 8.6%
Operating result€157k-€103k▼ 34.5%€124k▲ 20.8%€104k▼ 16.1%€57k▼ 45.1%
Net result€122k-€79k▼ 35.5%€100k▲ 27.2%€72k▼ 28.3%€52k▼ 28.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €766k
Fixed assets
€146k ▲ 0.3%
Current assets
€621k ▼ 11.5%
Equity and liabilities €766k
Equity
€654k ▲ 8.6%
Provisions
€2k ▼ 11.7%
Debt
€110k ▼ 54.5%
Debt's share of the balance-sheet total falls from 28.5% to 14.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▼
2024 · €127k
Cash flow
€78k▼
2024 · €95k
Current ratio
6.56▲
2024 · 3.36
Quick ratio
4.17▲
2024 · 1.66
Debt to equity
0.17▼
2024 · 0.40
ROE
7.9%▼
2024 · 12.0%
ROA
6.7%▼
2024 · 8.5%
Interest coverage
69.51▲
2024 · 20.93
Debt ≤ 1 year
€95k▼
2024 · €209k
Debt > 1 year
€14k▼
2024 · €27k
Income taxes
€17k▼
2024 · €41k
Staff costs
€11k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€847k€766k▼
Fixed assets21/28€145k€146k▲
Tangible fixed assets22/27€141k€142k▲
Land and buildings22€74k€83k▲
Plant, machinery and equipment23€50k€51k▲
Furniture and vehicles24€14k€7k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€4k€4k=
Current assets29/58€702k€621k▼
Stocks and contracts in progress3€356k€226k▼
Stocks30/36€356k€226k▼
Amounts receivable within one year40/41€41k€72k▲
Trade receivables40€41k€60k▲
Other amounts receivable41€0€12k▲
Cash at bank and in hand54/58€300k€314k▲
Deferred charges and accrued income490/1€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€847k€766k▼
Equity10/15€602k€654k▲
Contributions10/11€25k€25k=
Reserves13€578k€629k▲
Tax-exempt reserves132€50k€91k▲
Distributable reserves133€527k€538k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€3k€2k▼
Deferred taxes168€3k€2k▼
Amounts payable17/49€242k€110k▼
Amounts payable after more than one year17€27k€14k▼
Financial debts170/4€27k€14k▼
Amounts payable within one year42/48€209k€95k▼
Current portion of amounts payable after more than one year42€18k€14k▼
Trade debts44€54k€61k▲
Suppliers440/4€54k€61k▲
Taxes, remuneration and social security45€33k€15k▼
Taxes450/3€28k€9k▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€104k€5k▼
Accrued charges and deferred income492/3€6k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€915€0▼
Remuneration, social security and pensions62€7k€11k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€26k▲
Other operating charges640/8€2k€936▼
Gross operating margin9900€136k€95k▼
Operating profit (loss)9901€104k€57k▼
Financial income75/76B€14k€12k▼
Recurring financial income75€14k€12k▼
Financial charges65/66B€6k€1k▼
Recurring financial charges65€6k€1k▼
Profit (loss) for the period before taxes9903€112k€68k▼
Transfer from deferred taxes780€312€312=
Income taxes67/77€41k€17k▼
Profit (loss) for the period9904€72k€52k▼
Transfer from tax-exempt reserves789€109k€938▼
Transfer to tax-exempt reserves689€0€42k▲
Profit (loss) for the period to be appropriated9905€181k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€181k€11k▼
Transfer from equity791/2€80k€0▼
Transfer to equity691/2€181k€11k▼
To other reserves6921€181k€11k▼
Profit to be distributed694/7€80k€0▼
Return on contributions (dividend)694€80k€0▼
Social balance
Average headcount (FTE)90870.60.7▲
The notes to these accounts (17 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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €122k ▲2.9%
Operating result €157k, net result €122k, both a record.
30-09
Financial
Equity above €500kEq €515k ▲31.2%
4 profitable years in a row build equity to €515k.
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Vleteren · 1 establishment unit since 2003
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.
Hendrik Deberghstraat(Oost) 438640 VleterenGround area
367 m²
Building footprint
704 m²
Volume, LiDAR
3,458 m³
Parcel 33018A0571/00D000, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Covemaecker & C°
since 20032.135.268.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33018A0571/00D000 | Flanders | 367 m² | 1 · 704 m² | 10.3 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVleteren2.135.268.522
Legal Entity Identifier
699400JECG7K02KNJP33
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Pittem · Eq €656k
JORIKX BIKES
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FIETSEN DEVOS
BE 0644.447.808
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RIJWIELCENTER HERMANS
BE 0436.849.101
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Of 1,467 companies in sector 47632 we hold annual accounts for 733. 540 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2003
Fiscal year end30-09
Activities, NACEBEL 2025
47632Retail sale of bicycles
95290Repair and maintenance of other personal and household goods
47761Retail sale of flowers, plants, seeds and fertilisers
47830Retail sale of motorcycles and motorcycle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.