Covetafuma
ActiveSummary
Covetafuma has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.47M and a net result of €15k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+7
Solvency56=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.91 in 2024; short-term debt: 12.3% and cash: 0.5% of total assets), and 69.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.6%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
61 d late
2023
84 d late
2022
29 d late
2021
16 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.47M▲ 1.1%
2024 · €1.45M
2021: €1.58Mhighest in 5 years
2022: €1.53M▼ -3.0% vs 2021
2023: €1.49M▼ -2.5% vs 2022
2024: €1.45M▼ -2.8% vs 2023lowest in 5 years
2025: €1.47M▲ +1.1% vs 2024
2021 → 2025
Total assets
€4.80M▲ 3.3%
2024 · €4.65M
2021: €5.14Mhighest in 5 years
2022: €5.06M▼ -1.7% vs 2021
2023: €4.83M▼ -4.5% vs 2022
2024: €4.65M▼ -3.8% vs 2023lowest in 5 years
2025: €4.80M▲ +3.3% vs 2024
2021 → 2025
Net result
€15k
2024 · €-41k
2021: €-441klowest in 5 years
2022: €-47k▲ +89.4% vs 2021
2023: €-38k▲ +19.5% vs 2022
2024: €-41k▼ -9.3% vs 2023
2025: €15k▲ +137% vs 2024highest in 5 years
2021 → 2025
Working capital
€-121k▼ 407%
2024 · €-24k
2021: €-1.89Mlowest in 5 years
2022: €-34k▲ +98.2% vs 2021
2023: €-34k▼ -0.6% vs 2022
2024: €-24k▲ +29.9% vs 2023highest in 5 years
2025: €-121k▼ -407% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.58M-€1.53M▼ 3.0%€1.49M▼ 2.5%€1.45M▼ 2.8%€1.47M▲ 1.1%
2021: €1.58Mhighest in 5 years
2022: €1.53M▼ -3.0% vs 2021
2023: €1.49M▼ -2.5% vs 2022
2024: €1.45M▼ -2.8% vs 2023lowest in 5 years
2025: €1.47M▲ +1.1% vs 2024
Operating result€-246k-€63k€86k▲ 36.5%€72k▼ 16.2%€121k▲ 67.9%
2021: €-246klowest in 5 years
2022: €63k▲ +126% vs 2021
2023: €86k▲ +36.5% vs 2022
2024: €72k▼ -16.2% vs 2023
2025: €121k▲ +67.9% vs 2024highest in 5 years
Net result€-441k-€-47k▲ 89.4%€-38k▲ 19.5%€-41k▼ 9.3%€15k
2021: €-441klowest in 5 years
2022: €-47k▲ +89.4% vs 2021
2023: €-38k▲ +19.5% vs 2022
2024: €-41k▼ -9.3% vs 2023
2025: €15k▲ +137% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 68% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.80M
Fixed assets
€4.34M ▼ 1.9%
Current assets
€467k ▲ 102%
Equity and liabilities €4.80M
Equity
€1.47M ▲ 1.1%
Debt
€3.33M ▲ 4.3%
Debt's share of the balance-sheet total rises from 68.8% to 69.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€373k▲
2024 · €321k
Cash flow
€267k▲
2024 · €207k
Current ratio
0.79▼
2024 · 0.91
Debt to equity
2.27▲
2024 · 2.20
ROE
1.0%▲
2024 · -2.8%
ROA
0.3%▲
2024 · -0.9%
Interest coverage
3.40▲
2024 · 2.74
Debt ≤ 1 year
€589k▲
2024 · €255k
Debt > 1 year
€2.75M▼
2024 · €2.94M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.65M€4.80M▲
Formation expenses20€202-
Fixed assets21/28€4.42M€4.34M▼
Tangible fixed assets22/27€4.42M€4.34M▼
Land and buildings22€4.41M€4.33M▼
Plant, machinery and equipment23€5k€4k▼
Current assets29/58€231k€467k▲
Amounts receivable within one year40/41€197k€444k▲
Trade receivables40€111k€355k▲
Other amounts receivable41€86k€89k▲
Cash at bank and in hand54/58€35k€23k▼
Equity and liabilities
Total equity and liabilities10/49€4.65M€4.80M▲
Equity10/15€1.45M€1.47M▲
Contributions10/11€19k€19k=
Revaluation surpluses12€2.00M€2.00M=
Profit (loss) carried forward14€-566k€-551k▲
Amounts payable17/49€3.20M€3.33M▲
Amounts payable after more than one year17€2.94M€2.75M▼
Financial debts170/4€2.86M€2.66M▼
Other amounts payable178/9€79k€85k▲
Amounts payable within one year42/48€255k€589k▲
Current portion of amounts payable after more than one year42€195k€202k▲
Trade debts44€39k€76k▲
Suppliers440/4€39k€76k▲
Taxes, remuneration and social security45€21k€19k▼
Taxes450/3€21k€19k▼
Other amounts payable47/48€689€291k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€248k€252k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-34k
Other operating charges640/8€64k€30k▼
Gross operating margin9900€384k€369k▼
Operating profit (loss)9901€72k€121k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€117k€110k▼
Recurring financial charges65€117k€110k▼
Profit (loss) for the period before taxes9903€-41k€15k▲
Profit (loss) for the period9904€-41k€15k▲
Profit (loss) for the period to be appropriated9905€-41k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-566k€-551k▲
Profit (loss) brought forward from the previous period14P€-525k€-566k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €14k | €24 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114k | €237k | €248k | €248k | €252k | ▲ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1k | - | €-34k | - |
| Other operating charges640/8 | €25k | €28k | €28k | €64k | €30k | ▼ 52.8% |
| Gross operating margin9900 | €-93k | €328k | €363k | €384k | €369k | ▼ 3.9% |
| Operating profit (loss)9901 | €-246k | €63k | €86k | €72k | €121k | ▲ 67.9% |
| Financial income75/76B | €171 | €10 | €1k | €4k | €4k | ▲ 5.6% |
| Recurring financial income75 | €171 | €10 | €1k | €4k | €4k | ▲ 5.6% |
| Financial charges65/66B | €195k | €110k | €125k | €117k | €110k | ▼ 6.1% |
| Recurring financial charges65 | €195k | €110k | €125k | €117k | €110k | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €-441k | €-47k | €-38k | €-41k | €15k | ▲ 137% |
| Profit (loss) for the period9904 | €-441k | €-47k | €-38k | €-41k | €15k | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €-441k | €-47k | €-38k | €-41k | €15k | ▲ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.14M | €5.06M | €4.83M | €4.65M | €4.80M | ▲ 3.3% |
| Formation expenses20 | €2k | €1k | €660 | €202 | - | - |
| Fixed assets21/28 | €5.06M | €4.87M | €4.66M | €4.42M | €4.34M | ▼ 1.9% |
| Tangible fixed assets22/27 | €5.06M | €4.87M | €4.66M | €4.42M | €4.34M | ▼ 1.9% |
| Land and buildings22 | €5.05M | €4.85M | €4.65M | €4.41M | €4.33M | ▼ 1.8% |
| Plant, machinery and equipment23 | €10k | €9k | €7k | €5k | €4k | ▼ 29.5% |
| Assets under construction and advance payments27 | - | €7k | - | - | - | - |
| Current assets29/58 | €80k | €189k | €175k | €231k | €467k | ▲ 102% |
| Amounts receivable after more than one year29 | €8k | - | - | - | - | - |
| Trade receivables290 | €8k | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | €185k | €153k | €197k | €444k | ▲ 126% |
| Trade receivables40 | - | €75k | €71k | €111k | €355k | ▲ 219% |
| Other amounts receivable41 | - | €110k | €82k | €86k | €89k | ▲ 4.2% |
| Cash at bank and in hand54/58 | €71k | €3k | €23k | €35k | €23k | ▼ 33.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.14M | €5.06M | €4.83M | €4.65M | €4.80M | ▲ 3.3% |
| Equity10/15 | €1.58M | €1.53M | €1.49M | €1.45M | €1.47M | ▲ 1.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | €2.00M | €2.00M | €2.00M | €2.00M | €2.00M | = |
| Profit (loss) carried forward14 | €-441k | €-487k | €-525k | €-566k | €-551k | ▲ 2.7% |
| Amounts payable17/49 | €3.56M | €3.53M | €3.34M | €3.20M | €3.33M | ▲ 4.3% |
| Amounts payable after more than one year17 | €1.59M | €3.30M | €3.13M | €2.94M | €2.75M | ▼ 6.6% |
| Financial debts170/4 | €1.54M | €3.25M | €3.06M | €2.86M | €2.66M | ▼ 7.1% |
| Other amounts payable178/9 | €52k | €58k | €71k | €79k | €85k | ▲ 8.4% |
| Amounts payable within one year42/48 | €1.97M | €223k | €209k | €255k | €589k | ▲ 130% |
| Current portion of amounts payable after more than one year42 | - | €181k | €188k | €195k | €202k | ▲ 3.7% |
| Financial debts43 | €1.95M | - | - | - | - | - |
| Credit institutions430/8 | €1.95M | - | - | - | - | - |
| Trade debts44 | €18k | €32k | €3k | €39k | €76k | ▲ 96.5% |
| Suppliers440/4 | €18k | €32k | €3k | €39k | €76k | ▲ 96.5% |
| Taxes, remuneration and social security45 | €6k | €10k | €18k | €21k | €19k | ▼ 9.3% |
| Taxes450/3 | €6k | €10k | €18k | €21k | €19k | ▼ 9.3% |
| Other amounts payable47/48 | €620 | €289 | €689 | €689 | €291k | ▲ 42,224% |
| Accrued charges and deferred income492/3 | €3k | - | €293 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-441k | €-47k | €-38k | €-41k | €15k | ▲ 137% |
| + Depreciation and write-downs630 | €114k | €237k | €248k | €248k | €252k | ▲ 1.6% |
| Operating cash flow (approximation) | €-326k | €190k | €210k | €207k | €267k | ▲ 29.1% |
| Investment in fixed assets (approximation) | - | €-43k | €-36k | €-10k | €-170k | ▼ 1,595% |
| Change in cash | - | €-68k | €19k | €12k | €-11k | ▼ 195% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after 4 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Heist-op-den-Berg · 1 establishment unit since 2020
Ground area
9,855 m²
Building footprint
251 m²
Volume, LiDAR
1,317 m³
Parcel 12014K1050/00G000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
Covetafuma
since 20202.300.489.513
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K1050/00G000 | Flanders | 9,855 m² | 1 · 251 m² | 6.9 m · 2 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 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,878 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
Founded10-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.