COVIMO
ActiveSummary
COVIMO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€19,739. Equity has been shrinking by about 3.7% per year since 2019. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-07-1991 Normal situation
- Activity
- “L’acquisition de tous biens immeubles,classés ou non comme monuments historiques et toutes opérations de…” (deed in French)From the articles, 5 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.054.114.758 1180 Ukkel, since 10-09-1991
- Financial year end
- 30 September
- Peppol
- Reachable since 15-07-2025
Board and ownership
- MARCY GérardManaging director
- MARCY LaureneManaging director
- LA FONCIERE DE BALINGHEDirector · since 11-05-2023 · permanent representative MARCY Luis
- LA FONCIERE DE BALINGHE100%· score 9330-06-2025 annual accounts of LA FONCIERE DE BALINGHE
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€9,438
- ▲ 67.6%
- Loss
- €19,739
- ▼ 49.5%
- Equity
- €1.1m
- ▼ 1.8%
- Total assets
- €1.6m
- ▲ 0.5%
- 2025 accounts filed 16 days after the deadline
Score breakdownraises riskLast filed accounts filed 16 days late; 1 of the last 3 accounts lateLiquidity: current ratio 1.19, cash €10,091No main activity registeredlowers riskSize: total assets €1.6mShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 58% of them on solvency, 21% on liquidity, 24% on profitability and 39% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 6 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 16 days after the deadline Filed on 16 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00114585.
Annual accounts 2025 filed on 16-05-2026 PDF all 34 filings
Every figure per financial year
The operating result for 2025 is a loss of €19,658, smaller than the loss of €39,042 in 2024.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €60,058 | - | €64,408 | €95,506 | €27,877 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €8,598 | €15,807 | €19,539 | €9,899 | €10,220 | ▲ 3.2% |
| Gross operating margin9900 | -€13,784 | -€933 | -€7,069 | -€66,066 | -€61,049 | -€29,143 | -€9,438 | ▲ 67.6% |
| Operating profit (loss)9901 | -€22,167 | -€9,435 | -€15,667 | -€81,873 | -€80,587 | -€39,042 | -€19,658 | ▲ 49.6% |
| Financial income75/76B | - | - | €145 | - | - | - | - | - |
| Recurring financial income75 | - | €0 | €145 | - | - | - | - | - |
| Financial charges65/66B | - | - | €45 | €46 | €45 | €45 | €81 | ▲ 80.6% |
| Recurring financial charges65 | €39 | €42 | €45 | €46 | €45 | €45 | €81 | ▲ 80.6% |
| Profit (loss) for the period before taxes9903 | -€22,207 | -€9,477 | -€15,568 | -€81,919 | -€80,632 | -€39,087 | -€19,739 | ▲ 49.5% |
| Profit (loss) for the period9904 | -€22,207 | -€9,477 | -€15,568 | -€81,919 | -€80,632 | -€39,087 | -€19,739 | ▲ 49.5% |
| Profit (loss) for the period to be appropriated9905 | -€22,207 | -€9,477 | -€15,568 | -€81,919 | -€80,632 | -€39,087 | -€19,739 | ▲ 49.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.4m | €1.5m | €1.4m | €1.5m | €1.6m | €1.6m | ▲ 0.5% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €1.0m | €1.0m | ▲ 2.6% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | €0.8m | €0.8m | ▲ 3.5% |
| Assets under construction and advance payments27 | - | - | €0.6m | €0.6m | €0.7m | €0.8m | €0.8m | ▲ 3.5% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 1.0% |
| Current assets29/58 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 3.1% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 4.2% |
| Other amounts receivable41 | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 4.2% |
| Cash at bank and in hand54/58 | €0.002m | €0.002m | €381 | €284 | €0.003m | €0.004m | €0.01m | ▲ 173% |
| Deferred charges and accrued income490/1 | - | - | €0.003m | €0.003m | €0.002m | €0.002m | €0.002m | ▲ 3.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.5m | €1.4m | €1.5m | €1.6m | €1.6m | ▲ 0.5% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 1.8% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Issued capital100 | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Non-distributable reserves130/1 | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Profit (loss) carried forward14 | €0.7m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | ▼ 4.0% |
| Amounts payable17/49 | €0.05m | €0.06m | €0.1m | €0.2m | €0.3m | €0.5m | €0.5m | ▲ 5.8% |
| Amounts payable within one year42/48 | €0.05m | €0.06m | €0.1m | €0.2m | €0.3m | €0.5m | €0.5m | ▲ 5.8% |
| Trade debts44 | €0.02m | €0.02m | €0.009m | €0.02m | €0.009m | €0.01m | €0.01m | ▲ 0.8% |
| Suppliers440/4 | - | - | €0.009m | €0.02m | €0.009m | €0.01m | €0.01m | ▲ 0.8% |
| Other amounts payable47/48 | - | - | €0.1m | €0.2m | €0.3m | €0.5m | €0.5m | ▲ 5.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.002m | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,207 | -€9,477 | -€15,568 | -€81,919 | -€80,632 | -€39,087 | -€19,739 | ▲ 49.5% |
| Operating cash flow (approximation) | -€22,207 | -€9,477 | -€15,568 | -€81,919 | -€80,632 | -€39,087 | -€19,739 | ▲ 49.5% |
| Investment in fixed assets (approximation) | - | €0 | -€60,058 | €23,000 | -€60,108 | -€95,506 | -€25,877 | ▲ 72.9% |
| Change in cash | - | €5 | -€1,187 | -€96 | €2,417 | €992 | €6,398 | ▲ 545% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as COVIMO has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COVIMO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for COVIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 16-05-2026 | 2026-00114585 | |
| 30-09-2024 | full format | 30-05-2025 | 2025-00126728 | |
| 30-09-2023 | full format | 31-05-2024 | 2024-00106106 | |
| 30-09-2022 | full format | 28-04-2023 | 2023-00078043 | |
| 30-09-2021 | full format | 29-04-2022 | 2022-20017260 | |
| 30-09-2020 | full format | 30-04-2021 | 2021-12800393 | |
| 30-09-2019 | full format | 01-04-2020 | 2020-08300367 | |
| 30-09-2018 | full format | 25-03-2019 | 2019-08000016 | |
| 30-09-2017 | full format | 06-03-2018 | 2018-06400404 | |
| 30-09-2016 | full format | 28-03-2017 | 2017-07800500 |
Board & ownership
Directors
Board 4
Day-to-day management 2
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
- LA FONCIERE DE BALINGHE
- COVIMO
Owners 1
- LA FONCIERE DE BALINGHEparentEquity €4.9m Loss of €159,972 in 2025 (loss of €892,273 in 2024) Checked score 93100%
Capital transactions
- 13-12-2023 Capital stated in the deed · €615,000 · 11,826 shares
Mandate history
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| MARCY Laurene |
|
| MARCY Gérard |
|
| SRL FONCIERE DE BALINGHE |
|
| LA FONCIERE DE BALINGHE |
|
| MARCY Luis |
|
| Jean ROSSITTO |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Assemblée peut désigner liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque cause et moment”
Articles of association, deed of 13-12-2023 (in French)
Network & group
Connections & network
4 current directorsThe network starts from the directors of COVIMO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-12
Gazette deed
Reappointments: MARCY Gérard, LA FONCIERE DE BALINGHE and MARCY LaurenePermanent representative: MARCY Luis · Appointments: MARCY Gérard (managing director) and MARCY Laurene (managing director) · Amendment of the articles14 points ▸
- General meeting, 06-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €615,000
- Director reappointment, MARCY Gérard (director (not named in the articles))
- Permanent representative, MARCY Luis
- Director reappointment, LA FONCIERE DE BALINGHE (director (not named in the articles))
- Director reappointment, MARCY Laurene (director (not named in the articles))
- Registered office clause, “7830 Hoves, Rue de Balingue 2” (deed in French)
- Board meeting, “à l instant présences délibération, conseil d administration” (deed in French)
- Director appointment, MARCY Gérard (managing director)
- Director appointment, MARCY Laurene (managing director)
- Director discharge, MARCY Laurene
- The act holds 2 more points.
23-05
Gazette deed
Reappointments: Gérard MARCY, SRL FONCIERE DE BALINGHE and Laurene MARCYPower of attorney5 points ▸
- General meeting, 24-04-2023
- Director reappointment, Gérard MARCY (director)
- Director reappointment, SRL FONCIERE DE BALINGHE (director)
- Director reappointment, Laurene MARCY (director)
- Power of attorney, SRL COFISCONSULT
29-09
Gazette deed
Appointment: Laurene Marcy (director)2 points ▸
- General meeting, 01-09-2022
- Director appointment, Laurene Marcy (director)
17-06
Gazette deed
Registered office moved to Hoves2 points ▸
- General meeting, 11-05-2022
- Registered-office move, 2, rue de Balingue à 7830 Hoves
25-05
Gazette deed
Resignation: Jean ROSSITTO (director)Permanent representatives: Jean ROSSITTO and Luis MARCY · Appointment: Luis MARCY (director) · Director discharge7 points ▸
- General meeting, 30-03-2022
- Director in office, FONCIERE DE BALINGHE (director)
- Director resignation, Jean ROSSITTO (director)
- Permanent representative, Jean ROSSITTO
- Director appointment, Luis MARCY (director)
- Permanent representative, Luis MARCY
- Director discharge, Administrateurs (director)
01-02
Gazette deed
Registered office moved to Bruxelles3 points ▸
- Board meeting, 20-10-2021
- Registered-office move, Avenue Louise,490 Bte006-B-1050 Bruxelles
- Other provision, “Représentée par”, representation (deed in French)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
5 activities
- L’acquisition de tous biens immeubles,classés ou non comme monuments historiques et toutes opérations de gestion de patrimoine immobilier et notamment sans que ce soit limitatif,prendre ou donner en location ou sous-location,ériger,aménager,rénover,transformer et mettre en valeur tous biens immeubles,quels qu’ils soient,même ruraux,les gérer et administrer ;réaliser toutes opérations et tous devoirs incombant aux bureaux d’étude ;hypothéquer et donner en garantie tous biens,se porter caution ou aval
- Accomplir toutes opérations généralement quelconques,commerciales,industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement à son objet social
- S'intéresser par voie d'apport,de cession,de fusion,de souscription,de prise de participation ou de toute autre forme d'investissement en titres ou droits mobiliers,d'intervention financière ou autrement,dans toutes affaires,entreprises,associations ou sociétés ayant un objet identique,analogue ou connexe,ou de nature à favoriser le développement de son entreprise,à lui procurer des matières premières ou à faciliter l'écoulement de ses produits et services
- Accepter et exercer un mandat d’administrateur,de gérant ou de liquidateur dans toutes sociétés,quel que soit son objet social
- Constituer hypothèque ou toute autre sûreté réelle sur les biens sociaux ou se porter caution
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55021C0155/00E000 | Wallonia | 8,292 m² | 1 · 887 m² | 12.4 m · 3 |
| 21614H0056/02K080 | Brussels | 2,646 m² | 1 · 393 m² | 13.9 m · 2 |