KOVE
ActiveSummary
KOVE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €-38k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-42
Solvency41▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.11 in 2024; short-term debt: 38.5% and cash: 9.4% of total assets), and 83.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
16.5%
Return on assets
-11.1%
Age of the figures
18 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2015 sector peers (2025).
NBB · sector comparisonPosition among 2015 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
23 d late
2019
on the day
2018
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€56k▼ 40.2%
2024 · €94k
2018: €-18klowest value
2019: €-2k▲ +88.0% vs 2018
2021: €34k
2022: €50k▲ +49.1% vs 2021
2023: €87k▲ +73.9% vs 2022
2024: €94k▲ +7.6% vs 2023highest value
2025: €56k▼ -40.2% vs 2024
2018 → 2025
Total assets
€341k▼ 39.7%
2024 · €565k
2018: €805khighest value
2019: €727k▼ -9.6% vs 2018
2021: €701k
2022: €640k▼ -8.6% vs 2021
2023: €622k▼ -2.8% vs 2022
2024: €565k▼ -9.2% vs 2023
2025: €341k▼ -39.7% vs 2024lowest value
2018 → 2025
Net result
€-38k
2024 · €7k
2018: €55k
2019: €16k▼ -70.5% vs 2018
2021: €36k
2022: €17k▼ -53.9% vs 2021
2023: €62k▲ +275% vs 2022highest value
2024: €7k▼ -89.3% vs 2023
2025: €-38k▼ -667% vs 2024lowest value
2018 → 2025
Working capital
€10k▼ 31.5%
2024 · €14k
2018: €-244k
2019: €-248k▼ -1.7% vs 2018lowest value
2021: €-172k
2022: €-84k▲ +51.4% vs 2021
2023: €-7k▲ +91.9% vs 2022
2024: €14k▲ +313% vs 2023highest value
2025: €10k▼ -31.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€50k▲ 49.1%€87k▲ 73.9%€94k▲ 7.6%€56k▼ 40.2%
2021: €34klowest in 5 years
2022: €50k▲ +49.1% vs 2021
2023: €87k▲ +73.9% vs 2022
2024: €94k▲ +7.6% vs 2023highest in 5 years
2025: €56k▼ -40.2% vs 2024
Operating result€31k-€32k▲ 1.0%€90k▲ 185%€44k▼ 51.0%€-20k
2021: €31k
2022: €32k▲ +1.0% vs 2021
2023: €90k▲ +185% vs 2022highest in 5 years
2024: €44k▼ -51.0% vs 2023
2025: €-20k▼ -146% vs 2024lowest in 5 years
Net result€36k-€17k▼ 53.9%€62k▲ 275%€7k▼ 89.3%€-38k
2021: €36k
2022: €17k▼ -53.9% vs 2021
2023: €62k▲ +275% vs 2022highest in 5 years
2024: €7k▼ -89.3% vs 2023
2025: €-38k▼ -667% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €44k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €341k
Fixed assets
€200k ▼ 52.4%
Current assets
€141k ▼ 2.8%
Equity and liabilities €341k
Equity
€56k ▼ 40.2%
Debt
€285k ▼ 39.5%
Debt's share of the balance-sheet total rises from 83.4% to 83.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-15k▼
2024 · €99k
Cash flow
€-33k▼
2024 · €62k
Current ratio
1.08▼
2024 · 1.11
Quick ratio
0.85▼
2024 · 0.91
Debt to equity
5.06▲
2024 · 5.01
ROE
-67.3%▼
2024 · 7.1%
ROA
-11.1%▼
2024 · 1.2%
Interest coverage
-0.80▼
2024 · 3.21
Debt ≤ 1 year
€131k▲
2024 · €131k
Debt > 1 year
€153k▼
2024 · €340k
Income taxes
€127▼
2024 · €8k
Staff costs
€142k▼
2024 · €239k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€565k€341k▼
Fixed assets21/28€420k€200k▼
Tangible fixed assets22/27€420k€200k▼
Land and buildings22€308k-
Plant, machinery and equipment23€92k€10k▼
Furniture and vehicles24€14k€7k▼
Other tangible fixed assets26€5k€183k▲
Financial fixed assets28€30-
Current assets29/58€145k€141k▼
Amounts receivable after more than one year29-€3k
Other amounts receivable291-€3k
Stocks and contracts in progress3€27k€29k▲
Stocks30/36€27k€29k▲
Amounts receivable within one year40/41€98k€68k▼
Trade receivables40€55k€11k▼
Other amounts receivable41€43k€57k▲
Cash at bank and in hand54/58€9k€32k▲
Deferred charges and accrued income490/1€12k€8k▼
Equity and liabilities
Total equity and liabilities10/49€565k€341k▼
Equity10/15€94k€56k▼
Contributions10/11€64k€64k=
Reserves13€30k€30k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14-€-38k
Amounts payable17/49€471k€285k▼
Amounts payable after more than one year17€340k€153k▼
Financial debts170/4€340k€153k▼
Amounts payable within one year42/48€131k€131k▲
Current portion of amounts payable after more than one year42€56k€26k▼
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€29k€97k▲
Suppliers440/4€29k€97k▲
Taxes, remuneration and social security45€46k€5k▼
Taxes450/3€14k€3k▼
Remuneration and social security454/9€32k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€239k€142k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€5k▼
Other operating charges640/8€16k€6k▼
Gross operating margin9900€354k€133k▼
Operating profit (loss)9901€44k€-20k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€31k€19k▼
Recurring financial charges65€31k€19k▼
Profit (loss) for the period before taxes9903€15k€-38k▼
Income taxes67/77€8k€127▼
Profit (loss) for the period9904€7k€-38k▼
Profit (loss) for the period to be appropriated9905€7k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-38k▼
Transfer to equity691/2€7k-
To other reserves6921€7k-
Social balance
Average headcount (FTE)90873.02.5▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €99k | €192k | €239k | €142k | ▼ 40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80k | €64k | €64k | €55k | €5k | ▼ 91.3% |
| Other operating charges640/8 | - | €6k | €16k | €16k | €6k | ▼ 62.7% |
| Gross operating margin9900 | €159k | €200k | €361k | €354k | €133k | ▼ 62.4% |
| Operating profit (loss)9901 | €31k | €32k | €90k | €44k | €-20k | ▼ 146% |
| Financial income75/76B | - | €2k | €2k | €1k | €2k | ▲ 21.3% |
| Recurring financial income75 | €2k | €2k | €2k | €1k | €2k | ▲ 21.3% |
| Financial charges65/66B | - | €11k | €15k | €31k | €19k | ▼ 37.7% |
| Recurring financial charges65 | €7k | €11k | €15k | €31k | €19k | ▼ 37.7% |
| Profit (loss) for the period before taxes9903 | €42k | €23k | €77k | €15k | €-38k | ▼ 359% |
| Income taxes67/77 | €6k | €6k | €14k | €8k | €127 | ▼ 98.4% |
| Profit (loss) for the period9904 | €36k | €17k | €62k | €7k | €-38k | ▼ 667% |
| Profit (loss) for the period to be appropriated9905 | €36k | €17k | €62k | €7k | €-38k | ▼ 667% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €701k | €640k | €622k | €565k | €341k | ▼ 39.7% |
| Fixed assets21/28 | €580k | €525k | €486k | €420k | €200k | ▼ 52.4% |
| Intangible fixed assets21 | €676 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €580k | €525k | €486k | €420k | €200k | ▼ 52.4% |
| Land and buildings22 | - | €387k | €348k | €308k | - | - |
| Plant, machinery and equipment23 | - | €121k | €105k | €92k | €10k | ▼ 88.7% |
| Furniture and vehicles24 | - | €11k | €28k | €14k | €7k | ▼ 52.2% |
| Other tangible fixed assets26 | - | €6k | €6k | €5k | €183k | ▲ 3,392% |
| Financial fixed assets28 | €5 | €20 | €25 | €30 | - | - |
| Current assets29/58 | €121k | €115k | €136k | €145k | €141k | ▼ 2.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €3k | - |
| Other amounts receivable291 | - | - | - | - | €3k | - |
| Stocks and contracts in progress3 | €925 | €4k | €13k | €27k | €29k | ▲ 9.7% |
| Stocks30/36 | - | €4k | €13k | €27k | €29k | ▲ 9.7% |
| Amounts receivable within one year40/41 | €10k | €62k | €97k | €98k | €68k | ▼ 30.4% |
| Trade receivables40 | - | €50k | €82k | €55k | €11k | ▼ 79.4% |
| Other amounts receivable41 | - | €12k | €15k | €43k | €57k | ▲ 32.1% |
| Cash at bank and in hand54/58 | €105k | €43k | €18k | €9k | €32k | ▲ 271% |
| Deferred charges and accrued income490/1 | - | €7k | €9k | €12k | €8k | ▼ 31.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €701k | €640k | €622k | €565k | €341k | ▼ 39.7% |
| Equity10/15 | €34k | €50k | €87k | €94k | €56k | ▼ 40.2% |
| Contributions10/11 | - | €64k | €64k | €64k | €64k | = |
| Reserves13 | €6k | €6k | €24k | €30k | €30k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | - | €17k | €24k | €24k | = |
| Profit (loss) carried forward14 | €-36k | €-20k | - | - | €-38k | - |
| Amounts payable17/49 | €667k | €590k | €535k | €471k | €285k | ▼ 39.5% |
| Amounts payable after more than one year17 | €374k | €391k | €392k | €340k | €153k | ▼ 54.9% |
| Financial debts170/4 | - | €391k | €392k | €340k | €153k | ▼ 54.9% |
| Amounts payable within one year42/48 | €293k | €199k | €143k | €131k | €131k | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | - | €30k | €50k | €56k | €26k | ▼ 53.8% |
| Financial debts43 | - | - | - | - | €3k | - |
| Credit institutions430/8 | - | - | - | - | €3k | - |
| Trade debts44 | €5k | €23k | €41k | €29k | €97k | ▲ 236% |
| Suppliers440/4 | - | €23k | €41k | €29k | €97k | ▲ 236% |
| Advances received on contracts in progress46 | - | €4k | €4k | - | - | - |
| Taxes, remuneration and social security45 | - | €49k | €37k | €46k | €5k | ▼ 89.1% |
| Taxes450/3 | - | €26k | €5k | €14k | €3k | ▼ 81.1% |
| Remuneration and social security454/9 | - | €24k | €32k | €32k | €2k | ▼ 92.6% |
| Other amounts payable47/48 | - | €94k | €12k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €17k | €62k | €7k | €-38k | ▼ 667% |
| + Depreciation and write-downs630 | €80k | €64k | €64k | €55k | €5k | ▼ 91.3% |
| Operating cash flow (approximation) | €116k | €81k | €126k | €62k | €-33k | ▼ 154% |
| Investment in fixed assets (approximation) | - | €-9k | €-25k | €11k | €215k | ▲ 1,833% |
| Change in cash | - | €-62k | €-25k | €-9k | €23k | ▲ 363% |
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
Next filing, fiscal year 2026, expected by
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
31-03
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
31-03
Financial
Highest result since 2018net €62k ▲275%
Operating result €90k, net result €62k, both a record.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Antwerpen · 1 establishment unit since 2008
Ground area
726 m²
Building footprint
726 m²
Volume, LiDAR
7,990 m³
Parcel 11811L3509/00Y000, Flanders · tallest building 21.6 m, ±3 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
KOVE
since 20082.173.556.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3509/00Y000 | Flanders | 726 m² | 1 · 726 m² | 21.6 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,163 EUR awarded · 1,163 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,163 EUR | 1,163 EUR |
Schemes
Bijkomende retroactieve investeringspremie voor eigenaars van een warmtepomp én zonnepanelen na afschaffing van terugdraaiende teller
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,085 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-2008
Fiscal year end31-03
Activities, NACEBEL 2025
71112Activities of interior architects
31004Manufacture of dining room, living room, bedroom and bathroom furniture
41001General construction of residential buildings
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.