Financials
- Fiscal year
- 2025
- Total assets
- €283,080
- Loss
- -€10,202
- Solvency
- 31.6%
Total assets▼ 16.6%
Net result
20192025
COVIMAD
ActiveSummary
COVIMAD has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,335 and a net result of -€10,202. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Activity not known1 site
Size
€283,080total assets 2025
- Equity
- €89,335
- Loss
- -€10,202
Turnover not published (abridged schema)
Structure
Accounts on time0 of 3 deeds read
Why 88- Loss of €10,202, the second in a row (FY 2025)+ Size: total assets €283,080+ Founded in 2009+ Liquidity: current ratio 0.41, cash €52,893Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 31% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
57+3
equity 31.6% of total assets
Liquidity
51-11
short-term debt 45.8% · cash 18.7%
Profitability
35-23
return on assets -3.6%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%lowest value
12-2024: 0.1%▲ +4.6% vs 11-2024
01-2025: 0.1%▼ -1.5% vs 12-2024
02-2025: 0.1%▲ +4.5% vs 01-2025
03-2025: 0.1%▲ +10.0% vs 02-2025
04-2025: 0.1%▲ +22.1% vs 03-2025
05-2025: 0.1%▲ +12.8% vs 04-2025
06-2025: 0.1%● 0.0% vs 05-2025
07-2025: 0.1%● 0.0% vs 06-2025
08-2025: 0.1%● 0.0% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%▲ +10.4% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%▲ +7.7% vs 11-2025
01-2026: 0.1%▼ -1.6% vs 12-2025
02-2026: 0.1%▲ +1.6% vs 01-2026
03-2026: 0.1%▲ +7.9% vs 02-2026
04-2026: 0.2%▲ +19.9% vs 03-2026highest value
05-2026: 0.1%▼ -18.4% vs 04-2026
06-2026: 0.1%● 0.0% vs 05-2026
07-2026: 0.1%● 0.0% vs 06-2026
08-2026: 0.1%● 0.0% vs 07-2026
09-2026: 0.1%● 0.0% vs 08-2026
10-2026: 0.1%▲ +12.8% vs 09-2026
- Size: total assets €283,080 lowers the probability for this profile
- Founded in 2009 lowers the probability for this profile
- Liquidity: current ratio 0.41, cash €52,893 lowers the probability
- Loss of €10,202, the second in a row (FY 2025) raises the probability
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.67 in 2024; short-term debt: 45.8% and cash: 18.7% of total assets), and 68.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 34%, liquidity 43%, profitability 24%, growth against the median 24%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€10,202
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
60 d early
2022
61 d early
2021
65 d early
2020
112 d early
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 41 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 2 March (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close03-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 30-04-2027
- 30-04-2026Annual accounts filed
- 28-04-2025Annual accounts filed
- 01-03-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 19-08-2009
- Year ends
- 30-09
- Peppol
- Not found in the Peppol directory
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