COVYN ELECTRONICS
ActiveSummary
The computed 12-month bankruptcy probability of COVYN ELECTRONICS is 11.3% (high). The 2020 annual accounts show negative equity (-€30,143) and a net result of -€1,646. Equity is shrinking by ~29.5% per year across the filed fiscal years. The company has been active since 1992 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Bankruptcy probability: High
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability0=
Solvency0=
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
11.3%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2020Age of the figures
Age of the figures
69 mo
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 · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 19-05-2021, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
73 d early
2019
243 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 85 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
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Financials · fiscal year 2020, micro schema
Equity
-€30,143▼ 14.3%
2019 · -€26,360
Total assets
€1,236▼ 79.8%
2019 · €6,126
Net result
-€1,646▲ 86.0%
2019 · -€11,748
Working capital
-€11,551▼ 44.1%
2019 · -€8,014
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result-€10,508--€9,857▲ 6.2%-€840▲ 91.5%
Net result-€10,447--€11,748▼ 12.5%-€1,646▲ 86.0%
Equity-€14,612--€26,360▼ 80.4%-€30,143▼ 14.3%
Total assets€6,931-€6,126▼ 11.6%€1,236▼ 79.8%
Debt€21,543-€32,485▲ 50.8%€31,378▼ 3.4%
Working capital€3,732--€8,014-€11,551▼ 44.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €840 in 2020 against €9,857 in 2019; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€12,786▼
2019 · €13,893
Debt > 1 year
€18,592=
2019 · €18,592
Income taxes
€455▼
2019 · €538
Ratios withheld: a balance sheet total of €1,236 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €348 | - | - |
| Gross operating margin9900 | -€10,160 | -€9,509 | -€840 | ▲ 91.2% |
| Operating profit (loss)9901 | -€10,508 | -€9,857 | -€840 | ▲ 91.5% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | €144 | €0 | - | - |
| Financial charges65/66B | - | €1,353 | - | - |
| Recurring financial charges65 | €83 | €1,353 | €351 | ▼ 74.1% |
| Profit (loss) for the period before taxes9903 | -€10,447 | -€11,210 | -€1,191 | ▲ 89.4% |
| Income taxes67/77 | - | €538 | €455 | ▼ 15.5% |
| Profit (loss) for the period9904 | -€10,447 | -€11,748 | -€1,646 | ▲ 86.0% |
| Profit (loss) for the period to be appropriated9905 | -€10,447 | -€11,748 | -€1,646 | ▲ 86.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €6,931 | €6,126 | €1,236 | ▼ 79.8% |
| Fixed assets21/28 | €248 | €248 | €0 | ▼ 100% |
| Financial fixed assets28 | €248 | €248 | €0 | ▼ 100% |
| Current assets29/58 | €6,683 | €5,879 | €1,236 | ▼ 79.0% |
| Amounts receivable within one year40/41 | €5,167 | €5,518 | €1,196 | ▼ 78.3% |
| Trade receivables40 | - | €4,292 | - | - |
| Other amounts receivable41 | - | €1,225 | - | - |
| Cash at bank and in hand54/58 | €1,516 | €361 | €39 | ▼ 89.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €6,931 | €6,126 | €1,236 | ▼ 79.8% |
| Equity10/15 | -€14,612 | -€26,360 | -€30,143 | ▼ 14.3% |
| Contributions10/11 | €18,592 | €18,592 | - | - |
| Capital10 | - | €18,592 | - | - |
| Issued capital100 | - | €18,592 | - | - |
| Reserves13 | €3,996 | €3,996 | €1,859 | ▼ 53.5% |
| Legal reserve130 | - | €1,859 | - | - |
| Tax-exempt reserves132 | - | €2,137 | - | - |
| Profit (loss) carried forward14 | -€37,200 | -€48,948 | -€50,594 | ▼ 3.4% |
| Amounts payable17/49 | €21,543 | €32,485 | €31,378 | ▼ 3.4% |
| Amounts payable after more than one year17 | €18,592 | €18,592 | €18,592 | = |
| Financial debts170/4 | - | €18,592 | - | - |
| Amounts payable within one year42/48 | €2,951 | €13,893 | €12,786 | ▼ 8.0% |
| Trade debts44 | €2,951 | €8,009 | €8,560 | ▲ 6.9% |
| Suppliers440/4 | - | €8,009 | - | - |
| Taxes, remuneration and social security45 | - | €538 | - | - |
| Taxes450/3 | - | €538 | - | - |
| Other amounts payable47/48 | - | €5,346 | - | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,447 | -€11,748 | -€1,646 | ▲ 86.0% |
| Operating cash flow (approximation) | -€10,447 | -€11,748 | -€1,646 | ▲ 86.0% |
| Investment in fixed assets (approximation) | - | -€0 | €248 | ▲ 225,555% |
| Change in cash | - | -€1,155 | -€322 | ▲ 72.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-04
KBO administration
UBO non-compliance
event 31-03-2025
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 243 days late
2019
31-12
Financial
Weakest financial yearnet -€11,748
Net result drops to -€11,748, the lowest in the series; recovery starts the following year.
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 141 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
11-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Beersel · 1 establishment unit since 1992
Ground area
1,149 m²
Building footprint
107 m²
Volume, LiDAR
475 m³
Parcel 23017E0219/00X000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COVYN ELECTRONICS
since 19922.058.874.290
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23017E0219/00X000 | Flanders | 1,149 m² | 1 · 107 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-07-1992
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.