Skip to content

KOVAG Accountancy

Active
Private limited companyfounded 2005active for 20 yearsBrouwerijstraat 1, 9031 Gent, BelgiumKBO/BCE: BE 0878.290.557
Summary

KOVAG Accountancy has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €621,265 and a net result of -€37,709. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 55% of 4,102 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
KOVAG AccountancyActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Certified accountants and tax accountants
NACE 69201
1 site
Size
€1.2mtotal assets 2025
Staff
3.6 FTE
Equity
€621,265
Loss
-€37,709
Turnover not published (abbreviated format)
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
2025 accounts filed 41 days late1 of 8 deeds summarised
Why 91raises riskLast filed accounts filed 42 days late; 1 of the last 3 lateLoss of €37,709 (financial year 2025)lowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 4.48, cash €174,699Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 31% of its sector peers (NACE 69, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 75+3
equity 49.8% of total assets
Liquidity 60-10
short-term debt 22.1% · cash 14.0%
Profitability 15-61
return on assets -3.0%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (20,056 companies, NACE 69, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.2%▲ +0.1 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.3%▲ +0.1 percentage points vs 01-2025highest value 03-2025: < 0.1%▼ -0.3 percentage points vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: 0.1%▲ +0.1 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.48, compared with 4.46 in 2024, above the usual 1.5; short-term debt: 22.1% and cash: 14% of total assets), but 50.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 69, micro): better than 46% on solvency, 46% on liquidity, 5% on profitability and 27% on growth.

The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises risk
lowers risk · Sector: Legal and accounting activities (NACE 69)
KBO
raises risk · Last filed accounts filed 42 days late; 1 of the last 3 late
NBB · filings
raises risk · Loss of €37,709 (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 4.48, cash €174,699
NBB · annual accounts
raises risk · 2025 accounts filed 41 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-03-2026, 41 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
41 days late
2024
26 days late
2023
28 days late
2022
24 days late
2021
53 days late
2020
44 days early
2019
39 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end24-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Resignation: PS ACCOUNTANCY (director)Reappointments: ARJO (director) and L…

Key points

  • Caution: From profit to loss in 2025after €84,425 in 2024 -€37,709 View
  • Caution: Among the weakest 5% on net resultsector median €95,909 · 4,091 companies -€37,709 View
  • Board3 directors in office 3 View

By topic

Financials

Financial year
2025
Total assets
€1.2m
Loss
-€37,709
Solvency
49.8%
Total assets▼ 10.9%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
  • "Het Accountantskantoor", Soenen & GrammensDirector
  • ARJODirector
  • L. Mertens Accountancy GroupDirector
Go to Board & ownership

Timeline

Events
23
Since
2007
Next accounts
by 31-01-2027
  1. 28-02-2024Annual accounts filed
  2. 30-06-2023Equity above €500,000
  3. 24-02-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Certified accountants and tax accountantsNACE 69201
Founded
27-12-2005
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
12
Who signs
The board, acting as a body
Purpose
“1. Het nazien en corrigeren van alle boekhoudkundige stukken; 2. De expertise, zowel privé…” (deed in Dutch)
Go to Articles of association

Key facts about KOVAG Accountancy

What is the company number of KOVAG Accountancy?
0878.290.557. In Belgium the VAT number is the company number with BE in front: BE 0878.290.557.
Where is KOVAG Accountancy based?
The registered office is at Brouwerijstraat 1, 9031 Gent.Company details
What does KOVAG Accountancy do?
According to the KBO register, the main activity is certified accountants and tax accountants (NACE 69201).
What is the legal form of KOVAG Accountancy?
Private limited company (BV).
When was KOVAG Accountancy founded?
On 27-12-2005.
Is KOVAG Accountancy still active?
Yes, KOVAG Accountancy is an active enterprise in the KBO register.
How many employees does KOVAG Accountancy have?
On average 3.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of KOVAG Accountancy?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is KOVAG Accountancy profitable?
In financial year 2025, KOVAG Accountancy made a loss of €37,709.
Where can I find the annual accounts of KOVAG Accountancy?
KOVAG Accountancy filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KOVAG Accountancy due?
By 31-01-2027, for financial year 2026.Timeline

Companies related to KOVAG Accountancy

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure