Summary
KOVRD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €197,709 and a net result of €161,040. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 2464 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
14 d late
2023
27 d late
2022
5 d early
2021
29 d late
2020
20 d late
2019
20 d late
← 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 19 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?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 other support did companies like this one receive, and it did not?Public money What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€197,709▲ 439%
2024 · €36,669
Net result
€161,040▲ 122%
2024 · €72,505
Total assets
€213,909▲ 19.4%
2024 · €179,203
Solvency
92.4%▲ 72.0pp
2024 · 20.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,485▲ 94.8%€56,779▲ 499%€38,493▼ 32.2%€90,000▲ 134%€215,714▲ 140%
Net result€4,846below the sector's middle half€40,829within the sector's middle half▲ 742%€27,492within the sector's middle half▼ 32.7%€72,505within the sector's middle half▲ 164%€161,040above the sector's middle half▲ 122%
Equity€67,245below the sector's middle half▲ 7.8%€51,673below the sector's middle half▼ 23.2%€79,164within the sector's middle half▲ 53.2%€36,669below the sector's middle half▼ 53.7%€197,709within the sector's middle half▲ 439%
Total assets€89,164below the sector's middle half▲ 3.5%€69,082below the sector's middle half▼ 22.5%€107,301below the sector's middle half▲ 55.3%€179,203within the sector's middle half▲ 67.0%€213,909within the sector's middle half▲ 19.4%
Debt€21,919▼ 7.8%€17,410▼ 20.6%€28,137▲ 61.6%€142,533▲ 407%€16,200▼ 88.6%
Working capital€39,949within the sector's middle half▲ 51.3%€33,226within the sector's middle half▼ 16.8%€53,032within the sector's middle half▲ 59.6%-€55,408below the sector's middle half€74,603within the sector's middle half
Solvency75.4%above the sector's middle half▲ 3.0pp74.8%above the sector's middle half▼ 0.6pp73.8%within the sector's middle half▼ 1.0pp20.5%within the sector's middle half▼ 53.3pp92.4%above the sector's middle half▲ 72.0pp
Current ratio2.93within the sector's middle half▲ 0.733.06within the sector's middle half▲ 0.122.88within the sector's middle half▼ 0.170.61below the sector's middle half▼ 2.275.61above the sector's middle half▲ 4.99
Return on assets (ROA)5.4%within the sector's middle half▲ 5.6pp59.1%above the sector's middle half▲ 53.7pp25.6%above the sector's middle half▼ 33.5pp40.5%above the sector's middle half▲ 14.8pp75.3%above the sector's middle half▲ 34.8pp
Staff (FTE)1.9below the sector's middle half=1.9below the sector's middle half=1.9=1.8▼ 5.3%3▲ 66.7%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 140% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213,909
Fixed assets
€123,106 ▲ 33.7%
Current assets
€90,803 ▲ 4.2%
Equity and liabilities €213,909
Equity
€197,709 ▲ 439%
Debt
€16,200 ▼ 88.6%
Debt's share of the balance-sheet total falls from 79.5% to 7.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
81.5%▼
2024 · 197.7%
Debt ≤ 1 year
€16,200▼
2024 · €142,533
Income taxes
€54,640▲
2024 · €17,510
Staff costs
€115,007▲
2024 · €108,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,888 | - | - | - |
| Remuneration, social security and pensions62 | €91,397 | €101,031 | €111,553 | €108,320 | €115,007 | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,337 | €8,877 | €2,713 | €8,526 | €12,120 | ▲ 42.2% |
| Other operating charges640/8 | €840 | €818 | €1,256 | €387 | €654 | ▲ 68.8% |
| Gross operating margin9900 | €111,059 | €167,505 | €154,015 | €207,233 | €343,495 | ▲ 65.8% |
| Operating profit (loss)9901 | €9,485 | €56,779 | €38,493 | €90,000 | €215,714 | ▲ 140% |
| Financial income75/76B | €19 | €213 | €108 | €385 | €205 | ▼ 46.8% |
| Recurring financial income75 | €19 | €213 | €108 | €385 | €205 | ▼ 46.8% |
| Financial charges65/66B | €306 | €292 | €354 | €371 | €240 | ▼ 35.3% |
| Recurring financial charges65 | €306 | €292 | €354 | €371 | €240 | ▼ 35.3% |
| Profit (loss) for the period before taxes9903 | €9,198 | €56,700 | €38,247 | €90,015 | €215,680 | ▲ 140% |
| Income taxes67/77 | €4,351 | €15,871 | €10,756 | €17,510 | €54,640 | ▲ 212% |
| Profit (loss) for the period9904 | €4,846 | €40,829 | €27,492 | €72,505 | €161,040 | ▲ 122% |
| Transfer from tax-exempt reserves789 | €2,925 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,771 | €40,829 | €27,492 | €72,505 | €161,040 | ▲ 122% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,164 | €69,082 | €107,301 | €179,203 | €213,909 | ▲ 19.4% |
| Fixed assets21/28 | €28,568 | €19,691 | €26,132 | €92,078 | €123,106 | ▲ 33.7% |
| Intangible fixed assets21 | - | - | - | - | €35,579 | - |
| Tangible fixed assets22/27 | €28,568 | €19,691 | €17,837 | €83,783 | €79,232 | ▼ 5.4% |
| Plant, machinery and equipment23 | €259 | - | €1,078 | €1,290 | €3,193 | ▲ 147% |
| Furniture and vehicles24 | €6,791 | €552 | - | €3,220 | €3,281 | ▲ 1.9% |
| Other tangible fixed assets26 | €21,518 | €19,138 | €16,759 | €79,272 | €72,757 | ▼ 8.2% |
| Financial fixed assets28 | - | - | €8,295 | €8,295 | €8,295 | = |
| Current assets29/58 | €60,596 | €49,391 | €81,169 | €87,125 | €90,803 | ▲ 4.2% |
| Amounts receivable within one year40/41 | €27,406 | €22,451 | €27,166 | €83,615 | €81,472 | ▼ 2.6% |
| Trade receivables40 | €25,590 | €19,853 | €23,345 | €42,615 | €49,112 | ▲ 15.2% |
| Other amounts receivable41 | €1,816 | €2,598 | €3,821 | €41,000 | €32,360 | ▼ 21.1% |
| Cash at bank and in hand54/58 | €33,059 | €16,208 | €52,928 | €2,584 | €8,240 | ▲ 219% |
| Deferred charges and accrued income490/1 | €131 | €10,732 | €1,074 | €925 | €1,091 | ▲ 17.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,164 | €69,082 | €107,301 | €179,203 | €213,909 | ▲ 19.4% |
| Equity10/15 | €67,245 | €51,673 | €79,164 | €36,669 | €197,709 | ▲ 439% |
| Contributions10/11 | €18,600 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €48,645 | €51,573 | €79,064 | €36,569 | €197,609 | ▲ 440% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €46,785 | €51,573 | €79,064 | €36,569 | €197,609 | ▲ 440% |
| Amounts payable17/49 | €21,919 | €17,410 | €28,137 | €142,533 | €16,200 | ▼ 88.6% |
| Amounts payable within one year42/48 | €20,648 | €16,166 | €28,137 | €142,533 | €16,200 | ▼ 88.6% |
| Trade debts44 | €2,289 | €2,652 | €2,204 | €1,751 | €1,434 | ▼ 18.1% |
| Suppliers440/4 | €2,289 | €2,652 | €2,204 | €1,751 | €1,434 | ▼ 18.1% |
| Taxes, remuneration and social security45 | €16,306 | €13,352 | €24,451 | €20,697 | €13,616 | ▼ 34.2% |
| Taxes450/3 | €4,036 | €1,038 | €10,756 | €7,540 | - | - |
| Remuneration and social security454/9 | €12,271 | €12,314 | €13,695 | €13,157 | €13,616 | ▲ 3.5% |
| Other amounts payable47/48 | €2,052 | €161 | €1,482 | €120,086 | €1,150 | ▼ 99.0% |
| Accrued charges and deferred income492/3 | €1,271 | €1,244 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,846 | €40,829 | €27,492 | €72,505 | €161,040 | ▲ 122% |
| + Depreciation and write-downs630 | €9,337 | €8,877 | €2,713 | €8,526 | €12,120 | ▲ 42.2% |
| Operating cash flow (approximation) | €14,183 | €49,706 | €30,205 | €81,031 | €173,160 | ▲ 114% |
| Investment in fixed assets (approximation) | - | €0 | -€9,154 | -€74,471 | -€43,148 | ▲ 42.1% |
| Change in cash | - | -€16,851 | €36,720 | -€50,344 | €5,656 | ▲ 111% |
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
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Highest result since 2018net €161,040 ▲122%
Operating result €215,714, net result €161,040, both a record.
31-12
Financial
Liquidity times 9current ratio 5.61
Current ratio from 0.61 to 5.61; short-term debt falls from €142,533 to €16,200.
31-12
Financial
Equity above €150,000Eq €197,709 ▲439%
5 profitable years in a row build equity to €197,709.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Back to profitnet €4,846
Net result €4,846 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
31-12
Financial
Back to profitnet €22,433
Net result €22,433 after one loss-making year.
Show earlier events
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 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
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Kuurne · 1 establishment unit since 2004
Ground area
452 m²
Building footprint
141 m²
Volume, LiDAR
750 m³
Parcel 34023B0021/00K000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
KOVRD
since 20042.144.264.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0021/00K000 | Flanders | 452 m² | 1 · 140 m² | 6.9 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 51 EUR awarded · 51 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 51 EUR | 51 EUR |
Similar companies · same sector, comparable size
Vandekerckhove-Smets Verzekeringen
BE 0740.848.386
Bredene · Eq €197,728
Harald HECK
BE 0469.655.489
Welkenraedt · Eq €197,813
OMNISERVICE
BE 0473.256.070
Brakel · Eq €197,532
HAS KREDIET
BE 0454.873.283
Gent · Eq €197,936
MORTELMANS & C°
BE 0436.941.250
Lasne · Eq €197,479
Of 4,674 companies in sector 66220 we hold annual accounts for 3,222. 2,820 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
Founded27-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870827693
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.