COVERBO
ActiveSummary
COVERBO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €433,959 and a net result of -€42,046. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 95% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-57
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 19.02 against 9.81 in 2024; short-term debt: 4.1% and cash: 29.9% of total assets), and 4.1% of the assets are financed with debt.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€42,046
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
14 d early
2023
26 d early
2022
15 d early
2021
17 d early
2020
13 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 16 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€433,959▼ 8.8%
2024 · €476,005
Total assets
€452,554▼ 12.6%
2024 · €517,986
Net result
-€42,046▼ 136%
2024 · -€17,815
Working capital
€335,079▼ 9.4%
2024 · €369,952
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€85,143▼ 5.8%€13,193▼ 84.5%€14,413▲ 9.3%-€17,335-€41,523▼ 140%
Net result€59,674above the sector's middle half▼ 7.0%€8,741within the sector's middle half▼ 85.4%€12,452within the sector's middle half▲ 42.4%-€17,815below the sector's middle half-€42,046below the sector's middle half▼ 136%
Equity€549,105above the sector's middle half▲ 12.2%€526,498above the sector's middle half▼ 4.1%€493,820above the sector's middle half▼ 6.2%€476,005above the sector's middle half▼ 3.6%€433,959above the sector's middle half▼ 8.8%
Total assets€578,099above the sector's middle half▲ 11.3%€585,050above the sector's middle half▲ 1.2%€545,364above the sector's middle half▼ 6.8%€517,986above the sector's middle half▼ 5.0%€452,554above the sector's middle half▼ 12.6%
Debt€28,994▼ 3.2%€58,552▲ 102%€51,544▼ 12.0%€41,981▼ 18.6%€18,594▼ 55.7%
Working capital€540,008above the sector's middle half▲ 14.4%€486,557above the sector's middle half▼ 9.9%€379,294above the sector's middle half▼ 22.0%€369,952above the sector's middle half▼ 2.5%€335,079above the sector's middle half▼ 9.4%
Solvency95.0%above the sector's middle half▲ 0.7pp90.0%above the sector's middle half▼ 5.0pp90.5%above the sector's middle half▲ 0.6pp91.9%above the sector's middle half▲ 1.3pp95.9%above the sector's middle half▲ 4.0pp
Current ratio19.89above the sector's middle half▲ 2.919.36above the sector's middle half▼ 10.538.36above the sector's middle half▼ 1.009.81above the sector's middle half▲ 1.4519.02above the sector's middle half▲ 9.21
Return on assets (ROA)10.3%within the sector's middle half▼ 2.0pp1.5%within the sector's middle half▼ 8.8pp2.3%within the sector's middle half▲ 0.8pp-3.4%below the sector's middle half▼ 5.7pp-9.3%below the sector's middle half▼ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 stays negative: a loss of €41,523 in 2025 against €17,335 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €452,554
Fixed assets
€98,881 ▼ 6.8%
Current assets
€353,673 ▼ 14.1%
Equity and liabilities €452,554
Equity
€433,959 ▼ 8.8%
Debt
€18,594 ▼ 55.7%
Debt's share of the balance-sheet total falls from 8.1% to 4.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€9,237▼
2024 · €12,907
Cash flow
-€9,759▼
2024 · €12,427
Debt to equity
0.04▼
2024 · 0.09
ROE
-9.7%▼
2024 · -3.7%
Interest coverage
-34.42▼
2024 · 51.07
Debt ≤ 1 year
€18,594▼
2024 · €41,981
Income taxes
€257▲
2024 · €230
Staff costs
-€1,038▼
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,653 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €84 | €141 | €0 | -€1,038 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,366 | €9,322 | €24,441 | €30,242 | €32,287 | ▲ 6.8% |
| Other operating charges640/8 | - | €6,715 | €7,000 | €1,807 | €1,462 | ▼ 19.1% |
| Gross operating margin9900 | €95,634 | €29,313 | €45,995 | €14,714 | -€8,812 | ▼ 160% |
| Operating profit (loss)9901 | €85,143 | €13,193 | €14,413 | -€17,335 | -€41,523 | ▼ 140% |
| Financial income75/76B | - | €1 | €0 | €2 | €2 | ▲ 3.4% |
| Recurring financial income75 | €10 | €1 | €0 | €2 | €2 | ▲ 3.4% |
| Financial charges65/66B | - | €1,535 | €477 | €253 | €268 | ▲ 6.2% |
| Recurring financial charges65 | €569 | €1,535 | €477 | €253 | €268 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | €84,584 | €11,659 | €13,936 | -€17,585 | -€41,789 | ▼ 138% |
| Income taxes67/77 | €24,910 | €2,917 | €1,484 | €230 | €257 | ▲ 11.8% |
| Profit (loss) for the period9904 | €59,674 | €8,741 | €12,452 | -€17,815 | -€42,046 | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | €59,674 | €8,741 | €12,452 | -€17,815 | -€42,046 | ▼ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €578,099 | €585,050 | €545,364 | €517,986 | €452,554 | ▼ 12.6% |
| Fixed assets21/28 | €9,500 | €40,258 | €114,526 | €106,054 | €98,881 | ▼ 6.8% |
| Tangible fixed assets22/27 | €8,625 | €39,383 | €113,651 | €106,054 | €98,881 | ▼ 6.8% |
| Plant, machinery and equipment23 | - | €38,724 | €63,525 | €62,909 | €43,993 | ▼ 30.1% |
| Furniture and vehicles24 | - | €658 | €50,127 | €37,724 | €25,321 | ▼ 32.9% |
| Other tangible fixed assets26 | - | - | - | €5,421 | €29,567 | ▲ 445% |
| Financial fixed assets28 | €875 | €875 | €875 | €0 | - | - |
| Current assets29/58 | €568,599 | €544,792 | €430,838 | €411,933 | €353,673 | ▼ 14.1% |
| Stocks and contracts in progress3 | - | €10,650 | €0 | - | - | - |
| Stocks30/36 | - | €10,650 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €75,587 | €28,578 | €28,021 | €25,500 | €16,359 | ▼ 35.8% |
| Trade receivables40 | - | €11,495 | €11,495 | €15,730 | €13,553 | ▼ 13.8% |
| Other amounts receivable41 | - | €17,083 | €16,526 | €9,770 | €2,806 | ▼ 71.3% |
| Current investments50/53 | - | - | - | €200,000 | €200,000 | = |
| Cash at bank and in hand54/58 | €491,875 | €505,564 | €400,256 | €183,829 | €135,130 | ▼ 26.5% |
| Deferred charges and accrued income490/1 | - | €0 | €2,560 | €2,603 | €2,184 | ▼ 16.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €578,099 | €585,050 | €545,364 | €517,986 | €452,554 | ▼ 12.6% |
| Equity10/15 | €549,105 | €526,498 | €493,820 | €476,005 | €433,959 | ▼ 8.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €487,105 | €464,498 | €431,820 | €414,005 | €371,959 | ▼ 10.2% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €458,298 | €425,620 | €407,805 | €365,759 | ▼ 10.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €28,994 | €58,552 | €51,544 | €41,981 | €18,594 | ▼ 55.7% |
| Amounts payable within one year42/48 | €28,591 | €58,235 | €51,544 | €41,981 | €18,594 | ▼ 55.7% |
| Trade debts44 | €6,402 | €4,944 | €3,104 | €3,659 | €9,176 | ▲ 151% |
| Suppliers440/4 | - | €4,944 | €3,104 | €3,659 | €9,176 | ▲ 151% |
| Taxes, remuneration and social security45 | - | €2,951 | €79 | €5,833 | €184 | ▼ 96.9% |
| Taxes450/3 | - | €951 | €79 | €5,833 | €184 | ▼ 96.9% |
| Remuneration and social security454/9 | - | €2,000 | €0 | - | - | - |
| Other amounts payable47/48 | - | €50,340 | €48,361 | €32,489 | €9,234 | ▼ 71.6% |
| Accrued charges and deferred income492/3 | - | €317 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,674 | €8,741 | €12,452 | -€17,815 | -€42,046 | ▼ 136% |
| + Depreciation and write-downs630 | €8,366 | €9,322 | €24,441 | €30,242 | €32,287 | ▲ 6.8% |
| Operating cash flow (approximation) | €68,040 | €18,063 | €36,893 | €12,427 | -€9,759 | ▼ 179% |
| Investment in fixed assets (approximation) | - | -€40,080 | -€98,709 | -€21,769 | -€25,114 | ▼ 15.4% |
| Change in cash | - | €13,689 | -€105,308 | -€216,427 | -€48,700 | ▲ 77.5% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€42,046
Net result drops to -€42,046, the lowest in the series.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €500,000Eq €549,105 ▲12.2%
3 profitable years in a row build equity to €549,105.
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €64,141 ▲1.4%
Operating result €90,366, net result €64,141, both a record.
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
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.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Hooglede · 1 establishment unit since 1992
Ground area
1,045 m²
Building footprint
153 m²
Volume, LiDAR
1,228 m³
Parcel 36006B0970/00L002, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COVERBO
since 19922.056.457.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36006B0970/00L002 | Flanders | 1,045 m² | 1 · 153 m² | 11.6 m · 3 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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 9,781 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-02-1992
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
42110Construction of roads and motorways
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446660056
Also
9925:BE0446660056
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.