COVIC
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 15 December 2025 · trustee Pierre Schmits · claim deadline passed on 14 January 2026
How to file a claimThe procedure
- Court
- Enterprise Court of Liège, Liège division
- Supervising judge
- Ghislain Ransy
- Official Gazette
- 20-03-2026search the document for 2026/112346
Deadlines
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 14 January 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 29 January 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Appeal or third-party opposition until
- passed on 4 April 2026That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- Late claim until
- 15 December 2026A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Pierre SchmitsRue Laoureux 42, 4800 Verviersp.schmits@avocat.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Reclaim goods you delivered under retention of title before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 25-04-1995
- Activity
- Cafés and bars NACE 56301
- Establishment unit
- 2.071.720.456 4800 Verviers, since 26-05-1995
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2024
- Gross margin
- -€7,429
- ▲ 72.5%
- Loss
- €8,975
- ▼ 69.0%
- Equity
- -€416,597
- ▼ 2.2%
- Total assets
- €805
- ▼ 91.6%
Financials
Financials · financial year 2024, full format
2024 annual accounts filed 26 days after the deadline Filed on 26 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00425244.
Annual accounts 2024 filed on 26-08-2025 PDF all 29 filings
Turnover
€57,627▼ 19.8%
2019 · €71,837
EBIT margin
4.7%▲ 26.4pp
2019 · -21.8%
Net result
-€8,975▲ 69.0%
2023 · -€28,912
Working capital
-€416,597▼ 1.6%
2023 · -€410,144
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
-€8,929
▲ 69.1%
2024
20182024
Net result
-€8,975
▲ 69.0%
2024
middle half of the sector
20182024
EBIT margin
no figure
2024
20182024
Equity
-€416,597
▼ 2.2%
2024
lowest quarter of the sector
20182024
Total assets
€805
▼ 91.6%
2024
lowest quarter of the sector
20182024
Debt
€417,402
▲ 0.1%
2024
20182024
Working capital
-€416,597
▼ 1.6%
2024
lowest quarter of the sector
20182024
Current ratio
no figure
2024
20182024
Return on assets (ROA)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€70,919-€71,837▲ 1.3%€57,627▼ 19.8%
Operating result-€13,384--€15,651▼ 16.9%€2,682€15,619▲ 482%-€19,740-€28,869▼ 46.2%-€8,929▲ 69.1%
Net result-€13,413--€15,547▼ 15.9%€2,651within the sector's middle half€17,000within the sector's middle half▲ 541%-€19,777below the sector's middle half-€28,912below the sector's middle half▼ 46.2%-€8,975within the sector's middle half▲ 69.0%
EBIT margin-18.9%--21.8%▼ 2.9pp4.7%▲ 26.4pp
Equity-€363,037--€378,584▼ 4.3%-€375,933below the sector's middle half▲ 0.7%-€358,933below the sector's middle half▲ 4.5%-€378,711below the sector's middle half▼ 5.5%-€407,622below the sector's middle half▼ 7.6%-€416,597below the sector's middle half▼ 2.2%
Total assets€6,062-€5,347▼ 11.8%€13,943below the sector's middle half▲ 161%€30,586below the sector's middle half▲ 119%€12,941below the sector's middle half▼ 57.7%€9,554below the sector's middle half▼ 26.2%€805below the sector's middle half▼ 91.6%
Debt€369,099-€383,931▲ 4.0%€389,876▲ 1.5%€389,520▼ 0.1%€391,651▲ 0.5%€417,177▲ 6.5%€417,402▲ 0.1%
Working capital-€365,746--€380,982▼ 4.2%-€378,021below the sector's middle half▲ 0.8%-€362,250below the sector's middle half▲ 4.2%-€381,630below the sector's middle half▼ 5.3%-€410,144below the sector's middle half▼ 7.5%-€416,597below the sector's middle half▼ 1.6%
Current ratio0.01-0.01=0.03below the sector's middle half▲ 0.020.07below the sector's middle half▲ 0.040.03below the sector's middle half▼ 0.040.02below the sector's middle half▼ 0.01
Return on assets (ROA)-221.3%--290.8%▼ 69.5pp19.0%above the sector's middle half▲ 309.8pp55.6%above the sector's middle half▲ 36.6pp-152.8%below the sector's middle half▼ 208.4pp-302.6%below the sector's middle half▼ 149.8pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €8,929, smaller than the loss of €28,869 in 2023.
Key figures and ratios
Debt ≤ 1 year
€417,402▲
2023 · €417,177
Supplier credit
0 days▼
2023 · 1 day
The ratios are withheld because a balance sheet total of €805 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,590 | - | - | - |
| Depreciation and write-downs of the year | €361 | €398 | €398 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €70,919 | €71,837 | €57,627 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €40,277 | €88,455 | €83,682 | €27,720 | ▼ 66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €469 | €311 | €310 | €361 | €398 | €398 | - | - |
| Other operating charges640/8 | - | - | - | €188 | €774 | €1,465 | €1,500 | ▲ 2.4% |
| Gross operating margin9900 | -€11,611 | -€15,340 | €3,675 | €16,168 | -€18,568 | -€27,006 | -€7,429 | ▲ 72.5% |
| Operating profit (loss)9901 | -€13,384 | -€15,651 | €2,682 | €15,619 | -€19,740 | -€28,869 | -€8,929 | ▲ 69.1% |
| Financial income75/76B | - | - | - | €1,410 | €0 | €0 | - | - |
| Recurring financial income75 | - | - | - | €1,410 | €0 | €0 | - | - |
| Financial charges65/66B | - | - | - | €29 | €38 | €43 | €46 | ▲ 5.8% |
| Recurring financial charges65 | €29 | €29 | €32 | €29 | €38 | €43 | €46 | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | -€13,413 | -€15,547 | €2,651 | €17,000 | -€19,777 | -€28,912 | -€8,975 | ▲ 69.0% |
| Profit (loss) for the period9904 | -€13,413 | -€15,547 | €2,651 | €17,000 | -€19,777 | -€28,912 | -€8,975 | ▲ 69.0% |
| Profit (loss) for the period to be appropriated9905 | -€13,413 | -€15,547 | €2,651 | €17,000 | -€19,777 | -€28,912 | -€8,975 | ▲ 69.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6,062 | €5,347 | €13,943 | €30,586 | €12,941 | €9,554 | €805 | ▼ 91.6% |
| Fixed assets21/28 | €2,709 | €2,398 | €2,088 | €3,316 | €2,919 | €2,521 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €931 | €620 | €310 | €1,539 | €1,141 | €744 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €1,539 | €1,141 | €744 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,778 | €1,778 | €1,778 | €1,778 | €1,778 | €1,778 | €0 | ▼ 100% |
| Current assets29/58 | €3,353 | €2,949 | €11,855 | €27,270 | €10,022 | €7,033 | €805 | ▼ 88.6% |
| Amounts receivable within one year40/41 | - | €1,084 | €2,329 | €1,548 | €1,357 | €1,670 | €369 | ▼ 77.9% |
| Trade receivables40 | - | - | - | €1,230 | €971 | €1,308 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €319 | €386 | €363 | €369 | ▲ 1.6% |
| Cash at bank and in hand54/58 | €3,148 | €1,659 | €9,526 | €23,880 | €8,665 | €5,362 | €436 | ▼ 91.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,842 | €0 | €0 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6,062 | €5,347 | €13,943 | €30,586 | €12,941 | €9,554 | €805 | ▼ 91.6% |
| Equity10/15 | -€363,037 | -€378,584 | -€375,933 | -€358,933 | -€378,711 | -€407,622 | -€416,597 | ▼ 2.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,300 | €15,300 | €15,300 | €15,300 | €15,300 | €15,300 | €15,300 | = |
| Distributable reserves133 | - | - | - | €15,300 | €15,300 | €15,300 | €15,300 | = |
| Profit (loss) carried forward14 | -€396,937 | -€412,484 | -€409,833 | -€392,833 | -€412,611 | -€441,522 | -€450,497 | ▼ 2.0% |
| Amounts payable17/49 | €369,099 | €383,931 | €389,876 | €389,520 | €391,651 | €417,177 | €417,402 | ▲ 0.1% |
| Amounts payable within one year42/48 | €369,099 | €383,931 | €389,876 | €389,520 | €391,651 | €417,177 | €417,402 | ▲ 0.1% |
| Trade debts44 | €6,448 | €5,974 | €4,962 | €56 | €167 | €314 | €22 | ▼ 93.0% |
| Suppliers440/4 | - | - | - | €56 | €167 | €314 | €22 | ▼ 93.0% |
| Taxes, remuneration and social security45 | - | - | - | - | €2,000 | €0 | €0 | - |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | €0 | €0 | - |
| Other amounts payable47/48 | - | - | - | €389,464 | €389,484 | €416,863 | €417,380 | ▲ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,413 | -€15,547 | €2,651 | €17,000 | -€19,777 | -€28,912 | -€8,975 | ▲ 69.0% |
| + Depreciation and write-downs630 | €469 | €311 | €310 | €361 | €398 | €398 | - | - |
| Operating cash flow (approximation) | -€12,944 | -€15,236 | €2,961 | €17,362 | -€19,380 | -€28,514 | -€8,975 | ▲ 68.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,590 | €0 | €0 | €2,521 | - |
| Change in cash | - | -€1,489 | €7,867 | €14,354 | -€15,214 | -€3,303 | -€4,926 | ▼ 49.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 26-08-2025 | 2025-00425244 | |
| 31-12-2023 | full format | 20-08-2024 | 2024-00361000 | |
| 31-12-2022 | full format | 24-07-2023 | 2023-00280790 | |
| 31-12-2021 | full format | 30-08-2022 | 2022-20379543 | |
| 31-12-2020 | full format | 27-08-2021 | 2021-56600301 | |
| 31-12-2019 | full format | 22-09-2020 | 2020-54900138 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-59600503 | |
| 31-12-2017 | full format | 25-07-2018 | 2018-39300502 | |
| 31-12-2016 | full format | 28-08-2017 | 2017-53100541 | |
| 31-12-2015 | full format | 26-08-2016 | 2016-52400010 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Pierre Schmits Rue Laoureux 42, 4800 Verviers |
15-12-2025 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2026
20-03
Bankruptcy
Bankruptcy declared
Enterprise Court of Liège, Liège division · judgment of 15-12-2025
2025
26-08
full format · 26 days late
2024
20-08
full format · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€28,912
The net result drops to -€28,912, the lowest from 2018 to 2024.
24-07
full format · 7 days before the deadline
2022
30-08
full format · 30 days late
2021
31-12
Financial
Highest result from 2018 to 2024net €17,000 ▲541%
The operating result of €15,619 and the net result of €17,000 are both a record.
27-08
full format · 27 days late
2020
31-12
Financial
Back to profitnet €2,651
The net result is €2,651, after 2 loss-making years.
22-09
full format · 53 days late
2019
30-08
full format · 30 days late
2018
25-07
full format · 6 days before the deadline
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2024
- Legal form
- Private limited company (pre-2019)
- Active since
- 25 April 1995
Register details
Identity
Name
COVIC in French
Enterprise number
0454.952.269
Entity type
Legal entity
Registered office and establishments
Registered office
Crapaurue 24, 4800 Verviers, Belgium
Establishment unit
LE VAUBAN, Route de la Ferme Modèle 40, 4800 Verviers since 26-05-1995 · unit number 2.071.720.456
Activities
NACEBEL 202556301
Cafés and bars main activity
Codes under NACEBEL 2008
56301
Cafés and bars main activity
Codes under NACEBEL 2003
55401
main activity
Invoicing and payment
VAT number
BE 0454.952.269
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1,236 m²
Building footprint
229 m²
Building volume
2,451 m³
Tallest building: 19.2 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63576A0023/00E002 | Wallonia | 1,119 m² | 1 · 143 m² | 9.3 m · 2 |
| 63079A0489/00B000 | Wallonia | 118 m² | 1 · 86 m² | 19.2 m · 6 |