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COVEST

Active
Public limited companyfounded 199926 yrs activeMarkt 27, 3150 Haacht, BelgiumKBO/BCE: BE 0467.144.377
Summary

COVEST has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,359 and a net result of -€66,305. Equity is shrinking by ~44.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 2157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
COVESTActiveChecked score 79/100
Risk analysis ReportCompare

Overview

Activity
On-demand passenger transport by chauffeured vehicle
NACE 49330Non-scheduled passenger transport by road NACE 49320NACE 74142
1 site
Size
€636,380turnover 2025
Equity
€130,359
Loss
-€66,305
Financial health
79 Excellent Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Accounts 145 d early0 of 7 deeds read
Why 79- Sector Land transport and transport via pipelines (NACE 49)- Equity €130,359 (4.4% of total assets)+ Size: turnover €636,380, total assets €2.9m+ Founded in 1999Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Better than 29% of its sector peers (NACE 49, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 29+5
equity 4.4% of total assets
Liquidity 6+6
short-term debt 91.3% · cash 5.1%
Profitability 11=
return on assets -2.3%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,179 companies)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%▲ +1.5% vs 11-2024highest value 01-2025: 1.0%▼ -32.9% vs 12-2024 02-2025: 1.0%● 0.0% vs 01-2025 03-2025: 1.0%● 0.0% vs 02-2025 04-2025: 1.0%● 0.0% vs 03-2025 05-2025: 1.0%● 0.0% vs 04-2025 06-2025: 1.0%● 0.0% vs 05-2025 07-2025: 1.0%● 0.0% vs 06-2025 08-2025: 1.0%▲ +1.8% vs 07-2025 09-2025: 1.0%● 0.0% vs 08-2025 10-2025: 0.4%▼ -58.4% vs 09-2025lowest value 11-2025: 0.4%● 0.0% vs 10-2025lowest value 12-2025: 0.4%● 0.0% vs 11-2025lowest value 01-2026: 0.4%● 0.0% vs 12-2025lowest value 02-2026: 0.4%● 0.0% vs 01-2026lowest value 03-2026: 0.4%● 0.0% vs 02-2026lowest value 04-2026: 0.4%● 0.0% vs 03-2026lowest value 05-2026: 0.4%● 0.0% vs 04-2026lowest value 06-2026: 0.4%● 0.0% vs 05-2026lowest value 07-2026: 0.4%● 0.0% vs 06-2026lowest value 08-2026: 0.4%▲ +3.5% vs 07-2026 09-2026: 0.5%▲ +15.7% vs 08-2026 10-2026: 0.5%▲ +1.9% vs 09-2026
  • Sector Land transport and transport via pipelines (NACE 49) raises the probability
  • Equity €130,359 (4.4% of total assets) raises the probability
  • Size: turnover €636,380, total assets €2.9m lowers the probability for this profile
  • Founded in 1999 lowers the probability for this profile
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.6 against 0.78 in 2024; short-term debt: 91.3% and cash: 5.1% of total assets), and 95.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, small). Better than this share of them on solvency 8%, liquidity 4%, profitability 5%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Land transport and transport via pipelines (NACE 49)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Equity €130,359 (4.4% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €636,380, total assets €2.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1999
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2157 sector peers (2025).
NBB · sector comparison
Position among 2157 sector peers
Solvency
better than 12%
← weakest strongest →
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 08-09-2025, 145 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
145 d early
2024
55 d early
2023
75 d early
2022
6 d early
2021
50 d late
2020
1 d late
2019
17 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 35 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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 7 December (4 of the last 5 filed years within 90 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Equity above €100,000Eq €130,359
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€66,305 View
  • Caution: Among the weakest 6% on net resultsector median €24,360 · 2,153 companies -€66,305 View
  • Positive: Result rose in 2025from -€142,513 to -€66,305 ▲ 53.5% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Turnover
€636,380
Loss
-€66,305
Solvency
4.4%
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-01-2027
  1. 08-09-2025Annual accounts filed
  2. 30-06-2025Equity above €100,000
  3. 07-12-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
On-demand passenger transport by chauffeured vehicleNACE 49330
Founded
21-10-1999
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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