COVERMA
ActiveSummary
COVERMA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €342,170 and a net result of €210,786. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+9
Solvency73▲+10
Growth78=
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 1.92 against 1.6 in 2023; short-term debt: 51.8% and cash: 49.1% of total assets), but 51.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
on the day
2022
30 d late
2021
2 d early
2020
3 d early
2019
28 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 9 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€210,786▲ 48.7%
2023 · €141,746
Working capital
€338,182▲ 12.8%
2023 · €299,905
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€9,808▼ 50.0%€71,008▲ 624%€123,375▲ 73.7%€151,055▲ 22.4%€285,764▲ 89.2%
Net result€6,849within the sector's middle half▼ 53.8%€51,312within the sector's middle half▲ 649%€89,506within the sector's middle half▲ 74.4%€141,746within the sector's middle half▲ 58.4%€210,786within the sector's middle half▲ 48.7%
Equity€279,820within the sector's middle half▲ 2.5%€281,132within the sector's middle half▲ 0.5%€370,638within the sector's middle half▲ 31.8%€303,384within the sector's middle half▼ 18.1%€342,170within the sector's middle half▲ 12.8%
Total assets€483,337below the sector's middle half▼ 0.2%€432,665below the sector's middle half▼ 10.5%€651,964below the sector's middle half▲ 50.7%€805,740below the sector's middle half▲ 23.6%€709,607below the sector's middle half▼ 11.9%
Debt€203,517▼ 3.8%€151,533▼ 25.5%€281,326▲ 85.7%€502,357▲ 78.6%€367,437▼ 26.9%
Working capital€270,663within the sector's middle half▲ 4.3%€274,676within the sector's middle half▲ 1.5%€366,828within the sector's middle half▲ 33.5%€299,905within the sector's middle half▼ 18.2%€338,182within the sector's middle half▲ 12.8%
Solvency57.9%within the sector's middle half▲ 1.5pp65.0%above the sector's middle half▲ 7.1pp56.8%within the sector's middle half▼ 8.1pp37.7%within the sector's middle half▼ 19.2pp48.2%within the sector's middle half▲ 10.6pp
Current ratio2.33within the sector's middle half▲ 0.102.81above the sector's middle half▲ 0.482.30within the sector's middle half▼ 0.511.60within the sector's middle half▼ 0.711.92within the sector's middle half▲ 0.32
Return on assets (ROA)1.4%within the sector's middle half▼ 1.6pp11.9%above the sector's middle half▲ 10.4pp13.7%above the sector's middle half▲ 1.9pp17.6%above the sector's middle half▲ 3.9pp29.7%above the sector's middle half▲ 12.1pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 89% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €709,607
Fixed assets
€3,989 ▲ 14.6%
Current assets
€705,618 ▼ 12.0%
Equity and liabilities €709,607
Equity
€342,170 ▲ 12.8%
Debt
€367,437 ▼ 26.9%
Debt's share of the balance-sheet total falls from 62.3% to 51.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€286,335▲
2023 · €151,386
Cash flow
€211,358▲
2023 · €142,077
Quick ratio
1.87▲
2023 · 1.57
Debt to equity
1.07▼
2023 · 1.66
ROE
61.6%▲
2023 · 46.7%
Interest coverage
101.99▲
2023 · 88.11
Debt ≤ 1 year
€367,437▼
2023 · €502,357
Income taxes
€74,070▲
2023 · €7,905
Staff costs
€65,072▼
2023 · €65,976
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €56,169 | €58,152 | €65,976 | €65,072 | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,265 | €3,695 | €35 | €331 | €571 | ▲ 72.5% |
| Other operating charges640/8 | - | €348 | €348 | €384 | €861 | ▲ 124% |
| Gross operating margin9900 | €70,222 | €131,220 | €181,910 | €217,747 | €352,268 | ▲ 61.8% |
| Operating profit (loss)9901 | €9,808 | €71,008 | €123,375 | €151,055 | €285,764 | ▲ 89.2% |
| Financial income75/76B | - | €592 | €55 | €313 | €1,899 | ▲ 506% |
| Recurring financial income75 | €1,128 | €592 | €55 | €313 | €1,899 | ▲ 506% |
| Financial charges65/66B | - | €1,707 | €2,141 | €1,718 | €2,807 | ▲ 63.4% |
| Recurring financial charges65 | €889 | €1,707 | €2,141 | €1,718 | €2,807 | ▲ 63.4% |
| Profit (loss) for the period before taxes9903 | €10,047 | €69,893 | €121,289 | €149,650 | €284,856 | ▲ 90.3% |
| Income taxes67/77 | €3,198 | €18,581 | €31,782 | €7,905 | €74,070 | ▲ 837% |
| Profit (loss) for the period9904 | €6,849 | €51,312 | €89,506 | €141,746 | €210,786 | ▲ 48.7% |
| Profit (loss) for the period to be appropriated9905 | €6,849 | €51,312 | €89,506 | €141,746 | €210,786 | ▲ 48.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €483,337 | €432,665 | €651,964 | €805,740 | €709,607 | ▼ 11.9% |
| Fixed assets21/28 | €9,158 | €6,456 | €3,810 | €3,479 | €3,989 | ▲ 14.6% |
| Tangible fixed assets22/27 | €5,798 | €3,096 | €3,060 | €2,729 | €3,239 | ▲ 18.7% |
| Furniture and vehicles24 | - | €958 | €923 | €592 | €1,101 | ▲ 86.1% |
| Assets under construction and advance payments27 | - | €2,138 | €2,138 | €2,138 | €2,138 | = |
| Financial fixed assets28 | €3,360 | €3,360 | €750 | €750 | €750 | = |
| Current assets29/58 | €474,180 | €426,209 | €648,154 | €802,261 | €705,618 | ▼ 12.0% |
| Stocks and contracts in progress3 | €8,982 | €14,138 | €4,158 | €14,327 | €19,226 | ▲ 34.2% |
| Stocks30/36 | - | €14,138 | €4,158 | €14,327 | €19,226 | ▲ 34.2% |
| Amounts receivable within one year40/41 | €267,440 | €257,409 | €486,608 | €636,934 | €296,195 | ▼ 53.5% |
| Trade receivables40 | - | €201,826 | €360,739 | €497,008 | €266,847 | ▼ 46.3% |
| Other amounts receivable41 | - | €55,583 | €125,869 | €139,926 | €29,349 | ▼ 79.0% |
| Current investments50/53 | €50,235 | €50,436 | €40,330 | €40,578 | €40,842 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €146,918 | €103,605 | €116,416 | €109,765 | €348,667 | ▲ 218% |
| Deferred charges and accrued income490/1 | - | €620 | €641 | €656 | €688 | ▲ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €483,337 | €432,665 | €651,964 | €805,740 | €709,607 | ▼ 11.9% |
| Equity10/15 | €279,820 | €281,132 | €370,638 | €303,384 | €342,170 | ▲ 12.8% |
| Contributions10/11 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Outside capital11 | - | €12,395 | €12,395 | - | €12,395 | - |
| Other1109/19 | - | €12,395 | €12,395 | - | €12,395 | - |
| Reserves13 | €246,254 | €246,254 | €246,254 | €246,254 | €246,254 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | €234,395 | €234,395 | €234,395 | €234,395 | = |
| Profit (loss) carried forward14 | €21,171 | €22,483 | €111,989 | €44,735 | €83,521 | ▲ 86.7% |
| Amounts payable17/49 | €203,517 | €151,533 | €281,326 | €502,357 | €367,437 | ▼ 26.9% |
| Amounts payable within one year42/48 | €203,517 | €151,533 | €281,326 | €502,357 | €367,437 | ▼ 26.9% |
| Financial debts43 | - | - | - | - | €9,999 | - |
| Credit institutions430/8 | - | - | - | - | €9,999 | - |
| Trade debts44 | €195,730 | €90,181 | €251,554 | €367,367 | €145,297 | ▼ 60.4% |
| Suppliers440/4 | - | €90,181 | €251,554 | €367,367 | €145,297 | ▼ 60.4% |
| Taxes, remuneration and social security45 | - | €11,291 | €29,772 | €10,990 | €40,140 | ▲ 265% |
| Taxes450/3 | - | €3,449 | €21,534 | €782 | €30,999 | ▲ 3,863% |
| Remuneration and social security454/9 | - | €7,843 | €8,238 | €10,208 | €9,141 | ▼ 10.5% |
| Other amounts payable47/48 | - | €50,060 | - | €124,000 | €172,000 | ▲ 38.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,849 | €51,312 | €89,506 | €141,746 | €210,786 | ▲ 48.7% |
| + Depreciation and write-downs630 | €4,265 | €3,695 | €35 | €331 | €571 | ▲ 72.5% |
| Operating cash flow (approximation) | €11,113 | €55,007 | €89,542 | €142,077 | €211,358 | ▲ 48.8% |
| Investment in fixed assets (approximation) | - | -€994 | €2,610 | €0 | -€1,081 | - |
| Change in cash | - | -€43,313 | €12,811 | -€6,651 | €238,902 | ▲ 3,692% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €210,786 ▲48.7%
Operating result €285,764, net result €210,786, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Back to profitnet €14,829
Net result €14,829 after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mons · 1 establishment unit since 1996
Ground area
1.5 ha
Building footprint
276 m²
Volume, LiDAR
2,370 m³
Parcel 53048B0049/00H000, Wallonia · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
COVERMA
since 19962.075.097.838
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53048B0049/00H000 | Wallonia | 1.5 ha | 1 · 276 m² | 14.2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- NADOFIN
- COVERMA
Highest known parent: NADOFIN. The sources do not say who stands above it.
Owners 1
- NADOFINparentSourceaccounts NADOFIN 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Similar companies · same sector, comparable size
CONDAKO
BE 0887.823.380
Kontich · Eq €336,225
KAVEC
BE 0461.973.485
Oudsbergen · Eq €335,095
KING'S HOUSE PRODUCTS
BE 0442.656.827
Tubize · Eq €333,779
ATMOS SERVICES
BE 0840.100.667
Evere · Eq €352,265
RIKOR
BE 0632.886.495
Kortrijk · Eq €353,210
Of 432 companies in sector 46869 we hold annual accounts for 244. 174 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
Founded24-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46869Wholesale trade
33110Repair and maintenance of fabricated metal products
33120Repair and maintenance of machinery
33140Repair and maintenance of electrical equipment
43212Electrical installation work in industrial facilities
Contact
E-mail
info@coverma.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457078945
Also
9925:BE0457078945
Registered
12-12-2025
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.