Summary
Cover is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €85,509 and a net result of €75,508. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 2460 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 6 filingsDeviation from the deadline
2025
20 d late
2024
37 d early
2023
15 d early
2022
23 d late
2021
25 d late
2020
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€85,509▼ 11.5%
2024 · €96,599
Net result
€75,508▼ 21.8%
2024 · €96,499
Total assets
€187,828▲ 89.9%
2024 · €98,925
Solvency
45.5%▼ 52.1pp
2024 · 97.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,281▲ 11.0%€66,990▲ 1,465%€78,186▲ 16.7%€124,481▲ 59.2%€96,969▼ 22.1%
Net result€3,208below the sector's middle half▲ 21.7%€52,947within the sector's middle half▲ 1,550%€61,308within the sector's middle half▲ 15.8%€96,499above the sector's middle half▲ 57.4%€75,508within the sector's middle half▼ 21.8%
Equity€15,846below the sector's middle half▲ 25.4%€68,792within the sector's middle half▲ 334%€130,100within the sector's middle half▲ 89.1%€96,599within the sector's middle half▼ 25.8%€85,509within the sector's middle half▼ 11.5%
Total assets€20,413below the sector's middle half▲ 38.5%€83,750below the sector's middle half▲ 310%€146,320within the sector's middle half▲ 74.7%€98,925below the sector's middle half▼ 32.4%€187,828within the sector's middle half▲ 89.9%
Debt€4,567▲ 117%€14,957▲ 228%€16,220▲ 8.4%€2,326▼ 85.7%€102,319▲ 4,299%
Working capital€7,940▼ 31.8%€57,471▲ 624%€105,025▲ 82.7%€63,264▼ 39.8%€160,970▲ 154%
Solvency77.6%above the sector's middle half▼ 8.1pp82.1%above the sector's middle half▲ 4.5pp88.9%above the sector's middle half▲ 6.8pp97.6%above the sector's middle half▲ 8.7pp45.5%within the sector's middle half▼ 52.1pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,828
Fixed assets
€24,539 ▼ 26.4%
Current assets
€163,290 ▲ 149%
Equity and liabilities €187,828
Equity
€85,509 ▼ 11.5%
Debt
€102,319 ▲ 4,299%
Debt's share of the balance-sheet total rises from 2.4% to 54.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
88.3%▼
2024 · 99.9%
ROA
40.2%▼
2024 · 97.5%
Debt ≤ 1 year
€2,319▼
2024 · €2,326
Debt > 1 year
€100,000
Income taxes
€20,242▼
2024 · €27,504
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100 | €798 | €4,574 | €7,869 | €8,796 | ▲ 11.8% |
| Other operating charges640/8 | €209 | €547 | €557 | €685 | €649 | ▼ 5.3% |
| Gross operating margin9900 | €4,590 | €68,334 | €83,317 | €133,035 | €106,413 | ▼ 20.0% |
| Operating profit (loss)9901 | €4,281 | €66,990 | €78,186 | €124,481 | €96,969 | ▼ 22.1% |
| Financial income75/76B | €5 | - | €147 | €206 | €253 | ▲ 23.0% |
| Recurring financial income75 | €5 | - | €147 | €206 | €253 | ▲ 23.0% |
| Financial charges65/66B | €244 | €204 | €183 | €684 | €1,472 | ▲ 115% |
| Recurring financial charges65 | €244 | €204 | €183 | €684 | €1,472 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €4,043 | €66,786 | €78,150 | €124,003 | €95,750 | ▼ 22.8% |
| Income taxes67/77 | €835 | €13,839 | €16,842 | €27,504 | €20,242 | ▼ 26.4% |
| Profit (loss) for the period9904 | €3,208 | €52,947 | €61,308 | €96,499 | €75,508 | ▼ 21.8% |
| Profit (loss) for the period to be appropriated9905 | €3,208 | €52,947 | €61,308 | €96,499 | €75,508 | ▼ 21.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,413 | €83,750 | €146,320 | €98,925 | €187,828 | ▲ 89.9% |
| Fixed assets21/28 | €7,905 | €11,321 | €25,075 | €33,335 | €24,539 | ▼ 26.4% |
| Tangible fixed assets22/27 | €6,905 | €10,321 | €24,075 | €32,335 | €23,539 | ▼ 27.2% |
| Land and buildings22 | €6,905 | €6,205 | €5,504 | €9,917 | €8,675 | ▼ 12.5% |
| Plant, machinery and equipment23 | - | €4,116 | €5,473 | €4,001 | €2,528 | ▼ 36.8% |
| Furniture and vehicles24 | - | - | €13,098 | €18,417 | €12,336 | ▼ 33.0% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €12,507 | €72,429 | €121,244 | €65,590 | €163,290 | ▲ 149% |
| Amounts receivable within one year40/41 | €30 | €2,003 | €4,188 | €10,716 | €107,392 | ▲ 902% |
| Trade receivables40 | - | €1,973 | - | - | - | - |
| Other amounts receivable41 | €30 | €30 | €4,188 | €10,716 | €107,392 | ▲ 902% |
| Current investments50/53 | - | €4,000 | - | €45,144 | €50,124 | ▲ 11.0% |
| Cash at bank and in hand54/58 | €12,477 | €66,425 | €117,057 | €9,715 | €5,758 | ▼ 40.7% |
| Deferred charges and accrued income490/1 | - | - | - | €15 | €15 | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,413 | €83,750 | €146,320 | €98,925 | €187,828 | ▲ 89.9% |
| Equity10/15 | €15,846 | €68,792 | €130,100 | €96,599 | €85,509 | ▼ 11.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €5,808 | €58,755 | €120,063 | €86,562 | €75,508 | ▼ 12.8% |
| Distributable reserves133 | €5,808 | €58,755 | €120,063 | €86,562 | €75,508 | ▼ 12.8% |
| Profit (loss) carried forward14 | €37 | €37 | €37 | €37 | €1 | ▼ 98.3% |
| Amounts payable17/49 | €4,567 | €14,957 | €16,220 | €2,326 | €102,319 | ▲ 4,299% |
| Amounts payable after more than one year17 | - | - | - | - | €100,000 | - |
| Financial debts170/4 | - | - | - | - | €100,000 | - |
| Amounts payable within one year42/48 | €4,567 | €14,957 | €16,220 | €2,326 | €2,319 | ▼ 0.3% |
| Financial debts43 | €10 | - | €799 | - | - | - |
| Credit institutions430/8 | €10 | - | €799 | - | - | - |
| Trade debts44 | €1,694 | - | €1,313 | - | €889 | - |
| Suppliers440/4 | €1,694 | - | €1,313 | - | €889 | - |
| Taxes, remuneration and social security45 | €2,115 | €13,839 | €13,839 | €1,423 | - | - |
| Taxes450/3 | €2,115 | €13,839 | €13,839 | €1,423 | - | - |
| Other amounts payable47/48 | €748 | €1,118 | €269 | €903 | €1,430 | ▲ 58.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,208 | €52,947 | €61,308 | €96,499 | €75,508 | ▼ 21.8% |
| + Depreciation and write-downs630 | €100 | €798 | €4,574 | €7,869 | €8,796 | ▲ 11.8% |
| Operating cash flow (approximation) | €3,308 | €53,745 | €65,882 | €104,368 | €84,304 | ▼ 19.2% |
| Investment in fixed assets (approximation) | - | -€4,214 | -€18,328 | -€16,128 | €0 | ▲ 100% |
| Change in cash | - | €53,948 | €50,631 | -€107,341 | -€3,957 | ▲ 96.3% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 70.40
Current ratio from 28.20 to 70.40; short-term debt falls from €2,326 to €2,319.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €96,499 ▲57.4%
Operating result €124,481, net result €96,499, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 28.20
Current ratio from 7.48 to 28.20; short-term debt falls from €16,220 to €2,326.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €130,100 ▲89.1%
4 profitable years in a row build equity to €130,100.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2019
Ground area
113 m²
Building footprint
97 m²
Volume, LiDAR
666 m³
Parcel 11312A0908/00X000, Flanders · tallest building 13.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cover
since 20192.290.157.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0908/00X000 | Flanders | 113 m² | 1 · 97 m² | 13.7 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
1.33%
According to the 2025 annual accounts of Cover and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,222. 2,632 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727587496
Registered
07-10-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.