Equity
€756,952 ▼ 9.0%
KOVO CONSTRUCT paid out €110,000 in dividends. That is 315% of the 2025 profit.
KOVO CONSTRUCT
Lifetime
18 annual accounts with figures on one time axispeak €1.3m (2024)
€1.2m▼ 10.9%
peak €239,320 (2022)
€34,946▼ 20.0%
peak €832,006 (2024)
€756,952▼ 9.0%
€1.3m▲ 21.7%
peak 15.7 FTE (2024)
14.4 FTE▼ 8.3%
Board2 names since 2014
2 directorsVandermast Annelies and 1 other
Documentsfilings and deeds
15-07-202616 days before the deadline
2025abbreviated format
Staff from 15.7 FTE to 14.4 FTEDividend €110,000Debts from €1.0m to €1.3m
Key points
from the 2025 annual accountsChecked score
89
Excellent
Financially stronger than 56% of small companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%highest value
01-2025: 0.2%▼ -0.2 percentage points vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 1.39, cash €692,212
Founded in 2007
Figures for financial year 2025 (filed on 15-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 41, small). It does better than 57% of them on solvency, 84% on liquidity, 64% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as KOVO CONSTRUCT has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of KOVO CONSTRUCT itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for KOVO CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.39 (1.61 in 2024), below the usual 1.5. Short-term debt is 56.3% and cash 34.2% of total assets. 62.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
27 days early
2023
28 days early
2022
20 days early
2021
32 days early
2020
5 days early
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VA
Vandermast Annelies
Director, since 01-01-2014
KG
Konings Gert
Director
Shares in 2 companies, Grond Trimmo and Immo Trimmo
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0890817217
Legal-form change · Resignations & appointments
Legal-form conversion: from private limited company (pre-2019) to private limited company · Board composition: KONINGS Gerts Camiel Anna (director) · Board composition: VANDERMAST Annelies Patricia (director) · Gazette deed
Registered office moved within Essen
New registered office: Rijkmakerlaan 24D te 2910 Essen · Previous registered office: Moerkantsebaan 113, 2910 Essen · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Essen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KOVO CONSTRUCT Essen | €2.0m | €1.2m | 37.4% | 14.4 |
| WL Construct Hamont-Achel | €2.1m | €1.2m | 33.3% | 16.7 |
| T'JAMPENS BOUW Nazareth | €1.9m | €1.2m | 53.4% | 12.2 |
| Benoît BECKERS Construction Herve | €1.8m | €1.1m | 17.7% | 11.8 |
| JADE & CO Soignies | €1.7m | €1.1m | 41.1% | 15.1 |
| BONADONNA L. Saint-Nicolas | €1.8m | €1.3m | 64.2% | 12.8 |
| MAGNUS VILLAS Olen | €1.9m | €0.8m | 59.1% | 16.5 |
These companies have the same main activity as KOVO CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1.7m and €2.1m, founded between 2003 and 2010.
Official details
Source: KBO- Status
- Active since 13-07-2007Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2025
- Establishment unit
- 2.164.355.9512910 Essen, since 12-07-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 28-10-2025
Annual accounts 2025
- ≈ €2.0mestimated
- €2.0m▲ 8.0%
- Employeeson 31-12-2025
- 15▼ 16.7%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on KOVO CONSTRUCT
KOVO CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €112,931 in 2008 to €1.2m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KOVO CONSTRUCT
- What is the company number of KOVO CONSTRUCT?
- The company number of KOVO CONSTRUCT is 0890.817.217. The VAT number is the same number with BE in front: BE 0890.817.217.
- Where is KOVO CONSTRUCT based?
- The registered office is at Rijkmakerlaan 24D, 2910 Essen.Company details
- What does KOVO CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of KOVO CONSTRUCT?
- KOVO CONSTRUCT is a private limited company (BV).
- When was KOVO CONSTRUCT founded?
- KOVO CONSTRUCT was founded on 13-07-2007.
- Is KOVO CONSTRUCT still active?
- Yes, KOVO CONSTRUCT is an active enterprise in the KBO register.
- How many employees does KOVO CONSTRUCT have?
- KOVO CONSTRUCT had an average of 14.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KOVO CONSTRUCT fall under?
- In its 2025 annual accounts, KOVO CONSTRUCT states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of KOVO CONSTRUCT?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €1.2m and 1,585 comparable companies of the same size. It probably lies between €1.4m and €3.3m. It is a rough estimate.
- Is KOVO CONSTRUCT profitable?
- In financial year 2025, KOVO CONSTRUCT made a profit of €34,946.
- Where can I find the annual accounts of KOVO CONSTRUCT?
- KOVO CONSTRUCT filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KOVO CONSTRUCT due?
- KOVO CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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