Summary
KOVADIS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €184,645 and a net result of €12,044. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 2790 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 16-05-2025, 76 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
76 d early
2023
20 d early
2022
17 d early
2021
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€184,645▲ 7.0%
2023 · €172,602
Net result
€12,044▼ 67.4%
2023 · €36,948
Total assets
€670,728▲ 6.4%
2023 · €630,611
Solvency
27.5%▲ 0.2pp
2023 · 27.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€36,029-€19,378▼ 46.2%€52,780▲ 172%€19,273▼ 63.5%
Net result€24,888within the sector's middle half-€10,766within the sector's middle half▼ 56.7%€36,948within the sector's middle half▲ 243%€12,044within the sector's middle half▼ 67.4%
Equity€124,888below the sector's middle half-€135,653below the sector's middle half▲ 8.6%€172,602below the sector's middle half▲ 27.2%€184,645below the sector's middle half▲ 7.0%
Total assets€647,439below the sector's middle half-€669,837below the sector's middle half▲ 3.5%€630,611below the sector's middle half▼ 5.9%€670,728below the sector's middle half▲ 6.4%
Debt€522,552-€534,184▲ 2.2%€458,010▼ 14.3%€486,083▲ 6.1%
Working capital€89,624-€45,465▼ 49.3%€38,509▼ 15.3%€96,779▲ 151%
Solvency19.3%below the sector's middle half-20.3%below the sector's middle half▲ 1.0pp27.4%within the sector's middle half▲ 7.1pp27.5%below the sector's middle half▲ 0.2pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 63% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €670,728
Fixed assets
€500,427 ▼ 0.8%
Current assets
€170,301 ▲ 35.1%
Equity and liabilities €670,728
Equity
€184,645 ▲ 7.0%
Debt
€486,083 ▲ 6.1%
Debt's share of the balance-sheet total falls from 72.6% to 72.5%. Equity and debt are higher.
Key figures and ratios
ROE
6.5%▼
2023 · 21.4%
ROA
1.8%▼
2023 · 5.9%
Debt ≤ 1 year
€73,522▼
2023 · €87,559
Debt > 1 year
€412,561▲
2023 · €370,450
Income taxes
€4,951▼
2023 · €10,259
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,545 | €3,486 | €245 | ▼ 93.0% |
| Other operating charges640/8 | €348 | €6,320 | €959 | €4,697 | ▲ 390% |
| Non-recurring operating charges66A | - | - | - | €792 | - |
| Gross operating margin9900 | €36,377 | €28,243 | €57,225 | €25,007 | ▼ 56.3% |
| Operating profit (loss)9901 | €36,029 | €19,378 | €52,780 | €19,273 | ▼ 63.5% |
| Financial income75/76B | - | €41 | €1 | €2,552 | ▲ 318,944% |
| Recurring financial income75 | - | €41 | €1 | €2,552 | ▲ 318,944% |
| Financial charges65/66B | €2,717 | €5,551 | €5,574 | €4,830 | ▼ 13.4% |
| Recurring financial charges65 | €2,717 | €5,551 | €5,574 | €4,830 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €33,312 | €13,868 | €47,207 | €16,995 | ▼ 64.0% |
| Income taxes67/77 | €8,424 | €3,102 | €10,259 | €4,951 | ▼ 51.7% |
| Profit (loss) for the period9904 | €24,888 | €10,766 | €36,948 | €12,044 | ▼ 67.4% |
| Profit (loss) for the period to be appropriated9905 | €24,888 | €10,766 | €36,948 | €12,044 | ▼ 67.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €647,439 | €669,837 | €630,611 | €670,728 | ▲ 6.4% |
| Fixed assets21/28 | €500,000 | €508,029 | €504,543 | €500,427 | ▼ 0.8% |
| Tangible fixed assets22/27 | - | €7,914 | €4,428 | €312 | ▼ 93.0% |
| Plant, machinery and equipment23 | - | €425 | €272 | €312 | ▲ 14.6% |
| Furniture and vehicles24 | - | €7,489 | €4,156 | €0 | ▼ 100% |
| Financial fixed assets28 | €500,000 | €500,115 | €500,115 | €500,115 | = |
| Current assets29/58 | €147,439 | €161,809 | €126,068 | €170,301 | ▲ 35.1% |
| Amounts receivable after more than one year29 | - | - | €50,000 | €50,000 | = |
| Other amounts receivable291 | - | - | €50,000 | €50,000 | = |
| Amounts receivable within one year40/41 | €69,367 | €137,140 | €43,800 | €101,850 | ▲ 133% |
| Trade receivables40 | €19,367 | €74,140 | €41,059 | €0 | ▼ 100% |
| Other amounts receivable41 | €50,000 | €63,000 | €2,741 | €101,850 | ▲ 3,616% |
| Cash at bank and in hand54/58 | €78,033 | €23,214 | €30,578 | €16,939 | ▼ 44.6% |
| Deferred charges and accrued income490/1 | €39 | €1,454 | €1,691 | €1,513 | ▼ 10.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €647,439 | €669,837 | €630,611 | €670,728 | ▲ 6.4% |
| Equity10/15 | €124,888 | €135,653 | €172,602 | €184,645 | ▲ 7.0% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €24,888 | €35,653 | €72,602 | €84,645 | ▲ 16.6% |
| Distributable reserves133 | €24,888 | €35,653 | €72,602 | €84,645 | ▲ 16.6% |
| Amounts payable17/49 | €522,552 | €534,184 | €458,010 | €486,083 | ▲ 6.1% |
| Amounts payable after more than one year17 | €464,736 | €417,840 | €370,450 | €412,561 | ▲ 11.4% |
| Financial debts170/4 | €414,736 | €367,840 | €320,450 | €272,561 | ▼ 14.9% |
| Other amounts payable178/9 | €50,000 | €50,000 | €50,000 | €140,000 | ▲ 180% |
| Amounts payable within one year42/48 | €57,816 | €116,344 | €87,559 | €73,522 | ▼ 16.0% |
| Current portion of amounts payable after more than one year42 | €23,264 | €46,896 | €47,390 | €47,890 | ▲ 1.1% |
| Financial debts43 | - | - | €12,767 | €12,767 | = |
| Other loans439 | - | - | €12,767 | €12,767 | = |
| Trade debts44 | €11,385 | €47,394 | €8,894 | €11,263 | ▲ 26.6% |
| Suppliers440/4 | €11,385 | €47,394 | €8,894 | €11,263 | ▲ 26.6% |
| Taxes, remuneration and social security45 | €19,783 | €20,945 | €7,714 | €0 | ▼ 100% |
| Taxes450/3 | €19,783 | €20,945 | €7,714 | €0 | ▼ 100% |
| Other amounts payable47/48 | €3,383 | €1,109 | €10,795 | €1,603 | ▼ 85.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,888 | €10,766 | €36,948 | €12,044 | ▼ 67.4% |
| + Depreciation and write-downs630 | - | €2,545 | €3,486 | €245 | ▼ 93.0% |
| Operating cash flow (approximation) | €24,888 | €13,311 | €40,434 | €12,289 | ▼ 69.6% |
| Investment in fixed assets (approximation) | - | -€10,574 | €0 | €3,871 | - |
| Change in cash | - | -€54,819 | €7,364 | -€13,639 | ▼ 285% |
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
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2021net €36,948 ▲243%
Operating result €52,780, net result €36,948, both a record.
31-12
Financial
Equity above €150,000Eq €172,602 ▲27.2%
3 profitable years in a row build equity to €172,602.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €10,766 ▼56.7%
Net result drops to €10,766, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 2021
Ground area
388 m²
Building footprint
64 m²
Volume, LiDAR
600 m³
Parcel 52352B0264/00B004, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KOVADIS
since 20212.317.640.004
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52352B0264/00B004 | Wallonia | 388 m² | 1 · 64 m² | 11.1 m · 3 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.
Structure & network
Owners and holdings
1 holding · 2 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.95%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
According to the 2024 annual accounts of KOVADIS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768848031
Also
9925:BE0768848031
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.