KOVETEC
ActiveKOVETEC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €93k and a net result of €11k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+17
Solvency84▼-6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 3.91 in 2023; short-term debt: 34% and cash: 9.2% of total assets), and 40.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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
not confirmed
2024
56 d late
2023
on the day
2022
34 d early
2021
30 d late
2020
16 d early
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€93k▲ 12.8%
2023 · €82k
2018: €59k
2019: €70k
2020: €74k
2021: €74k
2022: €81k
2023: €82k
2018 → 2024
Total assets
€157k▲ 24.0%
2023 · €127k
2018: €80k
2019: €98k
2020: €99k
2021: €129k
2022: €144k
2023: €127k
2018 → 2024
Net result
€11k▲ 787%
2023 · €1k
2018: €8k
2019: €11k
2020: €4k
2021: €270
2022: €7k
2023: €1k
2018 → 2024
Working capital
€77k▲ 18.2%
2023 · €65k
2018: €56k
2019: €67k
2020: €66k
2021: €64k
2022: €63k
2023: €65k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€74k-€74k▲ 0.4%€81k▲ 9.6%€82k▲ 1.5%€93k▲ 12.8%
Operating result€4k-€529▼ 87.1%€10k▲ 1,710%€4k▼ 60.3%€11k▲ 184%
Net result€4k-€270▼ 92.6%€7k▲ 2,531%€1k▼ 83.2%€11k▲ 787%
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 recovers in 2024; 2024 is 184% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €157k
Fixed assets
€27k▼ 31.8%
Current assets
€130k▲ 49.0%
Equity and liabilities €157k
Equity
€93k▲ 12.8%
Debt
€64k▲ 44.8%
The debt ratio rises from 34.8% to 40.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2023 · €19k
Cash flow
€24k▲
2023 · €16k
Solvency
59.3%▼
2023 · 65.2%
Current ratio
2.44▼
2023 · 3.91
Quick ratio
2.23▼
2023 · 3.53
Debt / equity
0.69▲
2023 · 0.53
ROE
11.4%▲
2023 · 1.4%
ROA
6.7%▲
2023 · 0.9%
Interest coverage
11.22▲
2023 · 4.79
Debt
€64k▲
2023 · €44k
Debt ≤ 1 year
€53k▲
2023 · €22k
Debt > 1 year
€10k▼
2023 · €22k
Income taxes
€2k▲
2023 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€127k€157k▲
Fixed assets21/28€39k€27k▼
Tangible fixed assets22/27€39k€27k▼
Land and buildings22€231€115▼
Plant, machinery and equipment23€136€790▲
Furniture and vehicles24€39k€26k▼
Current assets29/58€87k€130k▲
Stocks and contracts in progress3€8k€11k▲
Stocks30/36€8k€11k▲
Amounts receivable within one year40/41€78k€104k▲
Trade receivables40€69k€95k▲
Other amounts receivable41€10k€10k▼
Cash at bank and in hand54/58€507€14k▲
Deferred charges and accrued income490/1€121€87▼
Equity and liabilities
Total equity and liabilities10/49€127k€157k▲
Equity10/15€82k€93k▲
Contributions10/11€12k€12k=
Reserves13€70k€81k▲
Distributable reserves133€70k€81k▲
Amounts payable17/49€44k€64k▲
Amounts payable after more than one year17€22k€10k▼
Financial debts170/4€22k€10k▼
Amounts payable within one year42/48€22k€53k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€10k€38k▲
Suppliers440/4€10k€38k▲
Taxes, remuneration and social security45-€3k
Taxes450/3-€1k
Remuneration and social security454/9-€2k
Other amounts payable47/48€51-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€964€1k▲
Non-recurring operating charges66A€127-
Gross operating margin9900€20k€26k▲
Operating profit (loss)9901€4k€11k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€1k€13k▲
Income taxes67/77€128€2k▲
Profit (loss) for the period9904€1k€11k▲
Profit (loss) for the period to be appropriated9905€1k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€11k▲
Transfer to equity691/2€1k€11k▲
To other reserves6921€1k€11k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €270 ▼92.6%
Net result drops to €270, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Highest result since 2018net €11k ▲47.5%
Operating result €14k, net result €11k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lille · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tielenbaan 782275 LilleGround area
940 m²
Building footprint
154 m²
Volume, LiDAR
1,229 m³
Parcel 13019F0336/00D000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KOVETEC
since 20112.201.558.124
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13019F0336/00D000 | Flanders | 940 m² | 1 · 154 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 2 entries · 767 EUR awarded · 693 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 422 EUR | 348 EUR |
| 2022 | 1 | 345 EUR | 345 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,827 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33200Installation of industrial machinery and equipment
43240Other construction installation
43299Specialised construction activities
46140Agents in the wholesale of industrial machinery, ships and aircraft
47521Retail sale of hardware, building materials, paint and glass (general range)
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.