COVERDE
InactiveInactive; last annual accounts for fiscal year 2020.
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 31-07-2020 was due by 28-02-2021 and was filed on 25-05-2021, 86 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 · 8 filingsDeviation from the deadline
2020
86 d late
2019
52 d early
2018
68 d early
2017
67 d early
2016
62 d early
2015
69 d early
2014
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 42 days before the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Floré · 6 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, abbreviated schema
Equity
€792,959▲ 14.5%
2019 · €692,427
Total assets
€1.6m▲ 39.9%
2019 · €1.2m
Net result
€100,532▼ 37.0%
2019 · €159,582
Working capital
€632,859▼ 1.5%
2019 · €642,357
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€437,472-€384,369▼ 12.1%€193,190▼ 49.7%
Net result€186,909-€159,582▼ 14.6%€100,532▼ 37.0%
Equity€532,846-€692,427▲ 29.9%€792,959▲ 14.5%
Total assets€1.2m-€1.2m▼ 2.3%€1.6m▲ 39.9%
Debt€663,483-€476,283▼ 28.2%€842,255▲ 76.8%
Working capital€482,875-€642,357▲ 33.0%€632,859▼ 1.5%
Staff (FTE)5.6-5.5▼ 1.8%5.2▼ 5.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 50% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.6m
Fixed assets
€160,100 ▲ 220%
Current assets
€1.5m ▲ 31.9%
Equity and liabilities €1.6m
Equity
€792,959 ▲ 14.5%
Debt
€842,255 ▲ 76.8%
Debt's share of the balance-sheet total rises from 40.8% to 51.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.75▼
2019 · 2.35
ROE
12.7%▼
2019 · 23.0%
ROA
6.1%▼
2019 · 13.7%
Debt ≤ 1 year
€842,255▲
2019 · €476,253
Income taxes
€37,500▼
2019 · €74,781
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €858,522 | €814,322 | €396,006 | ▼ 51.4% |
| Operating profit (loss)9901 | €437,472 | €384,369 | €193,190 | ▼ 49.7% |
| Recurring financial income75 | €18,881 | €22,046 | €2,374 | ▼ 89.2% |
| Recurring financial charges65 | €179,547 | €172,052 | €57,532 | ▼ 66.6% |
| Profit (loss) for the period before taxes9903 | €276,806 | €234,362 | €138,032 | ▼ 41.1% |
| Income taxes67/77 | €89,897 | €74,781 | €37,500 | ▼ 49.9% |
| Profit (loss) for the period9904 | €186,909 | €159,582 | €100,532 | ▼ 37.0% |
| Profit (loss) for the period to be appropriated9905 | €186,909 | €159,582 | €100,532 | ▼ 37.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.2m | €1.2m | €1.6m | ▲ 39.9% |
| Fixed assets21/28 | €50,100 | €50,100 | €160,100 | ▲ 220% |
| Financial fixed assets28 | €50,100 | €50,100 | €160,100 | ▲ 220% |
| Current assets29/58 | €1.1m | €1.1m | €1.5m | ▲ 31.9% |
| Stocks and contracts in progress3 | €24,614 | €20,498 | - | - |
| Amounts receivable within one year40/41 | €1.1m | €1.1m | €1.5m | ▲ 34.3% |
| Cash at bank and in hand54/58 | €11,385 | €795 | €1,165 | ▲ 46.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.6m | ▲ 39.9% |
| Equity10/15 | €532,846 | €692,427 | €792,959 | ▲ 14.5% |
| Contributions10/11 | €260,000 | €260,000 | - | - |
| Reserves13 | €272,846 | €432,427 | €432,427 | = |
| Profit (loss) carried forward14 | - | - | €100,532 | - |
| Amounts payable17/49 | €663,483 | €476,283 | €842,255 | ▲ 76.8% |
| Amounts payable within one year42/48 | €663,354 | €476,253 | €842,255 | ▲ 76.9% |
| Trade debts44 | €123,117 | €216,132 | €623,672 | ▲ 189% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €186,909 | €159,582 | €100,532 | ▼ 37.0% |
| Operating cash flow (approximation) | €186,909 | €159,582 | €100,532 | ▼ 37.0% |
| Investment in fixed assets (approximation) | - | €0 | -€110,000 | - |
| Change in cash | - | -€10,590 | €370 | ▲ 103% |
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
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
31-07
Financial
Weakest financial yearnet €100,532 ▼37%
Net result drops to €100,532, the lowest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
26-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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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Structure & network
Part of the group
Floré
6 companies
Group, risk and exposure
Connections & network
No current directors or connected companies found in the register.
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Lochristi
controls
COVERDEBE 0847.800.685
Recognitions · licences · registrations
Legal Entity Identifier
5493001DY2AOL30AKI73