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Koversy

Active
Private limited companyfounded 20251 yr activePrinsenweg 23, 3700 Tongeren-Borgloon, BelgiumKBO/BCE: BE 1019.704.184
Summary

Koversy has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€61,031) and a net result of -€71,031. Its solvency ranks better than 5% of 112 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42; short-term debt: 235.6% and cash: 6.1% of total assets), and equity is negative.
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Signals

Five 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 2025
Solvency, return and age of the figures
Solvency
-135.6%
Return on assets
-157.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
on the day
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Koversy was incorporated on 6 February 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€61,031
Total assets
€44,992
Net result
-€71,031
Working capital
-€61,031

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Key figures and ratios
2025 value
Solvency
-135.6%
Current ratio
0.42
Quick ratio
0.03
Debt to equity
-1.74
ROA
-157.9%
Debt
€106,023
Debt ≤ 1 year
€106,023

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.5% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,322 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 24 lines
Balance sheet Code2025
Assets
Total assets20/58€44,992
Current assets29/58€44,992
Stocks and contracts in progress3€41,708
Stocks30/36€41,708
Amounts receivable within one year40/41€528
Trade receivables40€419
Other amounts receivable41€109
Cash at bank and in hand54/58€2,756
Equity and liabilities
Total equity and liabilities10/49€44,992
Equity10/15-€61,031
Contributions10/11€10,000
Profit (loss) carried forward14-€71,031
Amounts payable17/49€106,023
Amounts payable within one year42/48€106,023
Other amounts payable47/48€106,023
Income statement Code2025
Other operating charges640/8€400
Gross operating margin9900-€68,777
Operating profit (loss)9901-€69,176
Financial charges65/66B€1,855
Recurring financial charges65€1,855
Profit (loss) for the period before taxes9903-€71,031
Profit (loss) for the period9904-€71,031
Profit (loss) for the period to be appropriated9905-€71,031
Appropriation of the result
Profit (loss) to be appropriated9906-€71,031

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€400
Gross operating margin9900-€68,777
Operating profit (loss)9901-€69,176
Financial charges65/66B€1,855
Recurring financial charges65€1,855
Profit (loss) for the period before taxes9903-€71,031
Profit (loss) for the period9904-€71,031
Profit (loss) for the period to be appropriated9905-€71,031
Line2025
Assets
Total assets20/58€44,992
Current assets29/58€44,992
Stocks and contracts in progress3€41,708
Stocks30/36€41,708
Amounts receivable within one year40/41€528
Trade receivables40€419
Other amounts receivable41€109
Cash at bank and in hand54/58€2,756
Equity and liabilities
Total equity and liabilities10/49€44,992
Equity10/15-€61,031
Contributions10/11€10,000
Profit (loss) carried forward14-€71,031
Amounts payable17/49€106,023
Amounts payable within one year42/48€106,023
Other amounts payable47/48€106,023
Line2025
Profit (loss) for the period9904-€71,031
Operating cash flow (approximation)-€71,031

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
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, Tongeren-Borgloon · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
4,941 m²
Building footprint
1,365 m²
Volume, LiDAR
8,934 m³
Parcel 73348B0652/00C000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Koversy
Prinsenweg 23, 3700 Tongeren-BorgloonManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20252.369.912.809
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73348B0652/00C000 Flanders 4,941 m² 1 · 1,365 m² 7.4 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 63 companies in sector 20130 we hold annual accounts for 47. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
20130Manufacture of chemicals and chemical products
20140Manufacture of chemicals and chemical products
46851Wholesale of industrial chemicals
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.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.