COVIFOOD
ActiveThe computed 12-month bankruptcy probability of COVIFOOD is 1.7% (moderate). The 2024 annual accounts show equity of €674k and a net result of €60k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 2936 sector peers (fiscal year 2024). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45=
Solvency56=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.44 in 2023; short-term debt: 68.8% of total assets), and 68.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
40 d early
2022
38 d early
2021
41 d early
2020
33 d early
2019
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€674k▲ 9.8%
2023 · €614k
2018: €382k
2019: €391k
2020: €439k
2021: €495k
2022: €557k
2023: €614k
2018 → 2024
Total assets
€2.16M▲ 7.9%
2023 · €2.00M
2018: €1.69M
2019: €848k
2020: €1.83M
2021: €1.44M
2022: €1.59M
2023: €2.00M
2018 → 2024
Net result
€60k▲ 6.4%
2023 · €57k
2018: €37k
2019: €42k
2020: €48k
2021: €56k
2022: €62k
2023: €57k
2018 → 2024
Working capital
€674k▲ 9.8%
2023 · €614k
2018: €349k
2019: €391k
2020: €439k
2021: €495k
2022: €557k
2023: €614k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€439k-€495k▲ 12.8%€557k▲ 12.6%€614k▲ 10.2%€674k▲ 9.8%
Operating result€64k-€75k▲ 18.1%€84k▲ 11.4%€74k▼ 11.4%€72k▼ 3.0%
Net result€48k-€56k▲ 17.9%€62k▲ 11.2%€57k▼ 8.9%€60k▲ 6.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2.16M
Equity
€674k▲ 9.8%
Debt
€1.48M▲ 7.1%
The debt ratio falls from 69.3% to 68.8%. Equity and debt are higher.
Key figures and ratios
Solvency
31.2%▲
2023 · 30.7%
Current ratio
1.45▲
2023 · 1.44
Quick ratio
1.45▲
2023 · 1.44
Debt / equity
2.20▼
2023 · 2.26
ROE
9.0%▼
2023 · 9.3%
ROA
2.8%▼
2023 · 2.8%
Debt
€1.48M▲
2023 · €1.39M
Debt ≤ 1 year
€1.48M▲
2023 · €1.39M
Income taxes
€15k▼
2023 · €19k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.00M€2.16M▲
Current assets29/58€2.00M€2.16M▲
Amounts receivable within one year40/41€2.00M€2.16M▲
Trade receivables40€777k€661k▼
Other amounts receivable41€1.22M€1.50M▲
Cash at bank and in hand54/58€0-
Equity and liabilities
Total equity and liabilities10/49€2.00M€2.16M▲
Equity10/15€614k€674k▲
Contributions10/11€315k€315k=
Capital10€315k€315k=
Issued capital100€315k€315k=
Reserves13€299k€359k▲
Non-distributable reserves130/1€32k€32k=
Legal reserve130€32k€32k=
Distributable reserves133€267k€328k▲
Amounts payable17/49€1.39M€1.48M▲
Amounts payable within one year42/48€1.39M€1.48M▲
Trade debts44€1.34M€1.44M▲
Suppliers440/4€1.34M€1.44M▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€42k€45k▲
Income statement
Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€832€-711▼
Other operating charges640/8€3k€968▼
Gross operating margin9900€79k€72k▼
Operating profit (loss)9901€74k€72k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€76k€75k▼
Income taxes67/77€19k€15k▼
Profit (loss) for the period9904€57k€60k▲
Profit (loss) for the period to be appropriated9905€57k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€60k▲
Transfer to equity691/2€57k€60k▲
To other reserves6921€57k€60k▲
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €62k ▲11.2%
Operating result €84k, net result €62k, both a record.
31-12
Financial
Equity above €500kEq €557k ▲12.6%
5 profitable years in a row build equity to €557k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 3 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Brussel · 1 establishment unit since 1999
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.
Esplanade 11020 BrusselGround area
1.5 ha
Building footprint
3,341 m²
Volume, LiDAR
94,856 m³
Parcel 21818A0033/00C003, Brussels · tallest building 35.9 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Esplanade 1, 1020 Brussel
since 19992.090.031.680
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0033/00C003 | Brussels | 1.5 ha | 1 · 3,341 m² | 35.9 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.090.031.680
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Of 1,352 companies in sector 56220 we hold annual accounts for 405. 197 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-09-1998
Fiscal year end31-12
Activities, NACEBEL
55521
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.