Covet
ActiveSummary
Covet has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,892 and a net result of €11,865. Its solvency ranks better than 91% of 9,608 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Covet
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, België” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bestuursbevoegdheden aan hem…”
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “1, niet-statutaire bestuurders zijn herroepbaar ad nutum bij besluit van de algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Bestemming van de winst - reserves” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 20:00
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “Bijeenroeping en oproeping algemene vergadering, iedere persoon kan verzaken aan de oproeping en wordt als regelmatig opgeroepen beschouwd…” (deed in Dutch)
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “In principe gehouden op de zetel, toegang tot de algemene vergadering” (deed in Dutch)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Beraadslagingen algemene vergadering, wanneer een aandeel in pand is gegeven treedt de eigenaar en niet de pandhoudende schuldeiser…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, in de vormen vereist voor de statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Behoudens toepassing van artikel 2:80 WVV, alsdan in functie zijnde bestuurder(s) van rechtswege aangewezen als vereffenaar(s) indien geen…” (deed in Dutch)