COVEMATEX
ActiveCOVEMATEX has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €458k and a net result of €75k. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
84
/ 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
Profitability83▼-11
Solvency93▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.8 against 6.69 in 2024; short-term debt: 31.7% and cash: 46.7% of total assets), and 31.8% 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 · 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
68.2%
Return on assets
11.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 16-02-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
112 d early
2023
49 d early
2022
54 d early
2021
24 d early
2020
35 d early
2019
51 d early
← before the deadline
after the deadline →
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
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€458k▼ 21.7%
2024 · €585k
2018: €108k
2019: €128k
2020: €148k
2021: €123k
2022: €340k
2023: €491k
2024: €585k
2018 → 2025
Total assets
€672k▼ 2.7%
2024 · €691k
2018: €376k
2019: €453k
2020: €426k
2021: €298k
2022: €469k
2023: €581k
2024: €691k
2018 → 2025
Net result
€75k▼ 45.8%
2024 · €139k
2018: €-28k
2019: €21k
2020: €20k
2021: €-8k
2022: €242k
2023: €181k
2024: €139k
2018 → 2025
Working capital
€384k▼ 34.7%
2024 · €587k
2018: €-205k
2019: €-181k
2020: €-172k
2021: €125k
2022: €341k
2023: €492k
2024: €587k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€340k▲ 178%€491k▲ 44.4%€585k▲ 19.0%€458k▼ 21.7%
Operating result€39k-€355k▲ 811%€263k▼ 25.9%€198k▼ 24.8%€105k▼ 46.8%
Net result€-8k-€242k€181k▼ 25.1%€139k▼ 23.5%€75k▼ 45.8%
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 three years in a row; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €672k
Fixed assets
€75k▲ 28,483%
Current assets
€597k▼ 13.6%
Equity and liabilities €672k
Equity
€458k▼ 21.7%
Debt
€214k▲ 101%
The debt ratio rises from 15.4% to 31.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€112k▼
2024 · €198k
Cash flow
€82k▼
2024 · €139k
Solvency
68.2%▼
2024 · 84.6%
Current ratio
2.80▼
2024 · 6.69
Quick ratio
2.79▼
2024 · 6.66
Debt / equity
0.47▲
2024 · 0.18
ROE
16.4%▼
2024 · 23.7%
ROA
11.2%▼
2024 · 20.1%
Interest coverage
15.56▼
2024 · 46.51
Debt
€214k▲
2024 · €106k
Debt ≤ 1 year
€213k▲
2024 · €103k
Income taxes
€28k▼
2024 · €63k
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€691k€672k▼
Fixed assets21/28€263€75k▲
Tangible fixed assets22/27€263€75k▲
Plant, machinery and equipment23€263€10k▲
Furniture and vehicles24-€65k
Current assets29/58€691k€597k▼
Stocks and contracts in progress3€3k€1k▼
Stocks30/36€3k€1k▼
Amounts receivable within one year40/41€56k€43k▼
Trade receivables40€52k€25k▼
Other amounts receivable41€4k€17k▲
Current investments50/53€250k€234k▼
Cash at bank and in hand54/58€376k€313k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€691k€672k▼
Equity10/15€585k€458k▼
Contributions10/11€6k€6k=
Reserves13€578k€452k▼
Distributable reserves133€578k€452k▼
Amounts payable17/49€106k€214k▲
Amounts payable within one year42/48€103k€213k▲
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€43k€309▼
Taxes450/3€43k€309▼
Other amounts payable47/48€59k€207k▲
Accrued charges and deferred income492/3€3k€712▼
Income statement
Code20242025
Non-recurring operating income76A€29k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€351€7k▲
Other operating charges640/8€3k€871▼
Gross operating margin9900€201k€113k▼
Operating profit (loss)9901€198k€105k▼
Financial income75/76B€8k€5k▼
Recurring financial income75€8k€5k▼
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€201k€103k▼
Income taxes67/77€63k€28k▼
Profit (loss) for the period9904€139k€75k▼
Profit (loss) for the period to be appropriated9905€139k€75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€139k€75k▼
Transfer from equity791/2€45k€202k▲
Transfer to equity691/2€139k€75k▼
To other reserves6921€139k€75k▼
Profit to be distributed694/7€45k€202k▲
Return on contributions (dividend)694€45k€202k▲
The notes to these accounts (5 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
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €500kEq €585k ▲19%
3 profitable years in a row build equity to €585k.
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €242k
Net result €242k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 3.68
Current ratio from 1.73 to 3.68; short-term debt falls from €171k to €127k.
30-09
Financial
Equity above €200kEq €340k ▲178%
Equity rises from €123k to €340k.
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity times 5current ratio 1.73
Current ratio from 0.37 to 1.73; short-term debt falls from €275k to €171k.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Harelbeke · 1 establishment unit since 2001
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.
Peter Pauwel Rubensstraat 58530 HarelbekeGround area
1,093 m²
Building footprint
233 m²
Volume, LiDAR
1,338 m³
Parcel 34013A1225/00L007, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Peter Pauwel Rubensstraat 5, 8530 Harelbeke
since 20012.100.392.468
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1225/00L007 | Flanders | 1,093 m² | 1 · 233 m² | 8.9 m · 2 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
BIT Invest
BE 0807.650.209
Kruisem · Eq €402k
MACHINEHANDEL BOS
BE 0502.254.320
Destelbergen · Eq €378k
HUPICO
BE 0451.940.519
Nazareth · Eq €375k
D'HAENENS MARIO
BE 0451.881.131
Wingene · Eq €369k
Lamotex
BE 0405.348.647
Deerlijk · Eq €341k
Of 71 companies in sector 46648 we hold annual accounts for 51. 43 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-07-2001
Fiscal year end30-09
Activities, NACEBEL
46648Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.