COVICON
The computed 12-month bankruptcy probability of COVICON is 0.5% (very low). The 2024 annual accounts show equity of €166k and a net result of €47k. Equity is growing by ~47.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 556 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €166k |
| Net result | €47k |
| Staff (FTE) | 2 |
| Better than sector | 56% |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 41.8% | 34.7% | |
| Net result | €47k | €15k | |
| Equity | €166k | €74k | |
| Gross operating margin | €208k | €81k | |
| Staff costs | €123k | €298k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €84k |
| Net profit | €47k |
| Cash flow | €69k |
| Staff costs | €123k |
| Income taxes | €17k |
| Dividends | - |
| Total assets | €396k |
| Equity | €166k |
| Debt | €230k |
| of which ≤ 1y | €206k |
| of which > 1y | - |
| Working capital | €121k |
| Employees (FTE) | 2.0 |
| 2024 | |
|---|---|
| Current ratio | 1.59 |
| Quick ratio | 1.08 |
| Working capital ratio | 30.6% |
| Solvency | 41.8% |
| Debt / equity | 1.39 |
| Long-term debt ratio | - |
| Interest coverage | 292.30 |
| Gross margin | - |
| Net margin | - |
| ROA | 11.8% |
| ROE | 28.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €396k |
| Fixed assets | 21/28 | €69k |
| Tangible fixed assets | 22/27 | €69k |
| Current assets | 29/58 | €327k |
| Stocks & contracts in progress | 3 | €105k |
| Amounts receivable within one year | 40/41 | €221k |
| Cash & bank | 54/58 | €0 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €396k |
| Equity | 10/15 | €166k |
| Contributions / capital | 10/11 | €50k |
| Reserves | 13 | €116k |
| Amounts payable | 17/49 | €230k |
| Amounts payable within one year | 42/48 | €206k |
| Trade debts payable within one year | 44 | €58k |
| Income statement | ||
| Gross operating margin | 9900 | €208k |
| Operating result | 9901 | €62k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €288 |
| Result before taxes | 9903 | €64k |
| Income taxes | 67/77 | €17k |
| Net result for the period | 9904 | €47k |
| Result to be appropriated | 9905 | €47k |
-
Current28-06-2024 → present
-
DEEP BLUELegal entityDirector· perm. rep.: Harold VandeputteState Gazette act 24124593 (22-08-2024)Current28-06-2024 → present
-
MAURITS VANDEPUTTELegal entityDirector· perm. rep.: Maurits VandeputteState Gazette act 24124593 (22-08-2024)Current28-06-2024 → present
-
Current28-06-2024 → present
| NACE primary | Computer programming & consultancy(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 18-12-2020 |
| Status | Active |
| Postal code | 8930 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34372B0280/00K000 | Flanders | 1,951 m² | 1 · 579 m² | 7.1 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-12-2025 Registered office moved within Menen
- Krommebeekstraat 14, 8930 Menen → Krommebeekstraat 22, 8930 Menen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Menen",
"region": null,
"street": "Krommebeekstraat",
"country": "BE",
"postcode": "8930",
"box_number": null,
"street_number": "22"
},
"old_address": {
"city": "Menen",
"region": null,
"street": "Krommebeekstraat",
"country": "BE",
"postcode": "8930",
"box_number": null,
"street_number": "14"
},
"effective_date": "2025-12-08",
"evidence_quote": "De vergadering beslist heeft om de zetel van de vennootschap met ingang van 08/12/2025, naar het volgende adres te verplaatsen: Krommebeekstraat 22 8930 Menen"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0759.971.739",
"name_full": "COVICON",
"legal_form": "BV"
}
}22-08-2024 4 reappointed
- Frank Vandeputte, Bestuurder
- Maurits Vandeputte, Bestuurder
- Harold Vandeputte, Bestuurder
- Jonas Wittouck, Bestuurder
Technical details
{
"events": [
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Frank Vandeputte",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0466148445",
"name": "NV VALTECH",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2024-06-28",
"evidence_quote": "NV VALTECH, met zetel te 8930 Menen, Krommebeekstraat 14, ingeschreven in het rechtspersonenregister onder het nummer 0466.148.445, nog steeds vertegenwoordigd door haar vaste vertegenwoordiger Frank Vandeputte (A-Bestuurder)"
},
{
"kind": "director_renew",
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"person": {
"rrn": null,
"name": "Maurits Vandeputte",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0718689628",
"name": "BV MAURITS VANDEPUTTE",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2024-06-28",
"evidence_quote": "BV MAURITS VANDEPUTTE, met zetel te 8930 Menen, Krommebeekstraat 14, ingeschreven in het rechtspersonenregister onder het nummer 0718.689.628, nog steeds vertegenwoordigd door haar vaste vertegenwoordiger de heer Maurits Vandeputte (A-Bestuurder)"
},
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Harold Vandeputte",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0759694991",
"name": "BV DEEP BLUE",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2024-06-28",
"evidence_quote": "BV DEEP BLUE, met zetel te 8500 Kortrijk, Wolvendreef 24, ingeschreven in het rechtspersonenregister onder het nummer 0759.694.991, nog steeds vertegenwoordigd door haar vaste vertegenwoordiger de heer Harold Vandeputte (B-Bestuurder)"
},
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Jonas Wittouck",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0759529301",
"name": "BV ADNET",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2024-06-28",
"evidence_quote": "BV ADNET, met zetel te 8550 Zwevegem, Lindelaan 22, ingeschreven in het rechtspersonenregister onder het nummer 0759.529.301, nog steeds vertegenwoordigd door haar vaste vertegenwoordiger de heer de heer Jonas Wittouck (B-Bestuurder)"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0759.971.739",
"name_full": "COVICON",
"legal_form": "BV"
}
}22-12-2020 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "8930 Menen, Krommebeekstraat 14",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": "0466.148.445",
"name": "VALTECH"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "A",
"partner_role": null,
"holder_org_kbo": "0466.148.445",
"holder_org_name": "VALTECH",
"contribution_type": "cash",
"amount_paid_in_eur": 25000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 10000,
"amount_subscribed_eur": 25000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1997-01-16",
"name": "VANDEPUTTE Harold Hubert Christian",
"niss": null,
"address": "8500 Kortrijk, Wolvendreef 24"
},
"share_class": "B",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 12500,
"holder_person_name": "VANDEPUTTE Harold Hubert Christian",
"is_subscriber_only": true,
"n_shares_subscribed": 5000,
"amount_subscribed_eur": 12500,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1997-09-04",
"name": "WITTOUCK Jonas Ston",
"niss": null,
"address": "8550 Zwevegem, Oude Bellegemstraat 1 bus E"
},
"share_class": "B",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 12500,
"holder_person_name": "WITTOUCK Jonas Ston",
"is_subscriber_only": true,
"n_shares_subscribed": 5000,
"amount_subscribed_eur": 12500,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 50000,
"subject_company": {
"kbo": "0759.971.739",
"name_full": "COVICON",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2020-12-18",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | COVICON |