Covico-Holding is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.46M and a net result of €465. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 74% of 5523 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
on the day
2023
30 d late
2022
31 d late
2021
28 d late
2020
31 d late
2019
31 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.46M=
2024 · €1.46M
2018: €1.45M
2019: €1.46M
2020: €1.46M
2021: €1.46M
2022: €1.46M
2023: €1.46M
2024: €1.46M
2018 → 2025
Net result
€465
2024 · €-794
2018: €5k
2019: €6k
2020: €3k
2021: €-247
2022: €53
2023: €-1k
2024: €-794
2018 → 2025
Total assets
€1.86M▲ 2.1%
2024 · €1.82M
2018: €1.48M
2019: €1.49M
2020: €1.49M
2021: €1.49M
2022: €1.49M
2023: €1.71M
2024: €1.82M
2018 → 2025
Solvency
78.2%▼ 1.6pp
2024 · 79.8%
2018: 98.1%
2019: 97.8%
2020: 97.7%
2021: 97.9%
2022: 97.8%
2023: 85.0%
2024: 79.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.46M-€1.46M=€1.46M▼ 0.1%€1.46M▼ 0.1%€1.46M=
Operating result€-4k-€-2k▲ 37.4%€-5k▼ 99.4%€-4k▲ 9.7%€20k
Net result€-247-€53€-1k€-794▲ 39.2%€465
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 returns to profit in 2025: €20k after a loss of €4k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.86M
Fixed assets
€983k=
Current assets
€879k▲ 4.5%
Equity and liabilities €1.86M
Equity
€1.46M=
Debt
€406k▲ 10.4%
The debt ratio rises from 20.2% to 21.8%. Debt is higher.
Key figures and ratios
Solvency
78.2%▼
2024 · 79.8%
ROE
0.0%▲
2024 · -0.1%
ROA
0.0%▲
2024 · 0.0%
Debt
€406k▲
2024 · €368k
Debt ≤ 1 year
€59k▲
2024 · €11k
Debt > 1 year
€324k▼
2024 · €357k
Income taxes
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.82M€1.86M▲
Fixed assets21/28€983k€983k=
Financial fixed assets28€983k€983k=
Current assets29/58€841k€879k▲
Amounts receivable after more than one year29€751k€865k▲
Other amounts receivable291€751k€865k▲
Amounts receivable within one year40/41€67€6k▲
Trade receivables40-€6k
Other amounts receivable41€67€0▼
Cash at bank and in hand54/58€90k€4k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.86M▲
Equity10/15€1.46M€1.46M=
Contributions10/11€920k€920k=
Reserves13€537k€536k▼
Distributable reserves133€537k€536k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€368k€406k▲
Amounts payable after more than one year17€357k€324k▼
Financial debts170/4€357k€324k▼
Amounts payable within one year42/48€11k€59k▲
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€11k€56k▲
Accrued charges and deferred income492/3-€24k
Income statement
Code20242025
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-2k€21k▲
Operating profit (loss)9901€-4k€20k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€173€24k▲
Recurring financial charges65€173€24k▲
Profit (loss) for the period before taxes9903€-794€465▲
Income taxes67/77-€0
Profit (loss) for the period9904€-794€465▲
Profit (loss) for the period to be appropriated9905€-794€465▲
Appropriation of the result
Profit (loss) to be appropriated9906€-794€465▲
Transfer from equity791/2€794€368▼
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €465
Net result €465 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-1k ▼2574%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 42current ratio 698.71
Current ratio from 16.50 to 698.71; short-term debt falls from €32k to €1k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €53
Net result €53 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €6k ▲18.3%
Net result €6k, the highest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Oostende · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Torhoutsesteenweg 2228400 OostendeGround area
1,054 m²
Building footprint
302 m²
Volume, LiDAR
3,758 m³
2 parcels, Flanders · tallest building 24.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Covico-Holding
since 20112.194.529.879
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0452/00N008 | Flanders | 904 m² | 1 · 152 m² | 7.6 m · 2 fl. |
| 35383C0351/00T003 | Flanders | 150 m² | 1 · 150 m² | 24.2 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 11,831 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2010
Fiscal year end31-12
Activities, NACEBEL
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.