COVERA PACKAGING

Active

Public limited companyfounded 1998active for 28 yearsSmallandlaan 37, 2660 Antwerpen, BelgiumKBO/BCE: BE 0462.810.754

Summary

COVERA PACKAGING has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €670,425. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 53% of 6,153 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

COVERA PACKAGINGActiveChecked score 91/100

Risk analysis Report Compare

Activity

Wholesale of non-electrical household articles

NACE 46494Wholesale trade NACE 46869

1 site

Size

≈ €7.5mturnover 2025, estimated

Staff: 9.3 FTE
Equity: €1.9m
Profit: €670,425

Turnover estimated from the gross margin

Financial health

91 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Largest shareholder: Xandress Invest · 40%

F & N CONSULTDirector · permanent representative Bart Gijsemans
PACODirector · permanent representative Frank Van Gestel
XANDRESS INVESTDirector · permanent representative Stefaan Schelfaut

2025 accounts 28 days early3 of 15 deeds summarised

Why 91raises riskLiquidity: current ratio 1.81, cash €153,612lowers riskFounded in 1998Profit of €670,425 (financial year 2025)Figures for financial year 2025 (filed 03-07-2026)Show the evidence

Checked score

Score 2025

91 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 53% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 73+6

equity 48.3% of total assets

Liquidity 30+5

short-term debt 50.2% · cash 3.8%

Profitability 90-2

return on assets 16.7%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 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: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged 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: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value

Credit of up to €170,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.81, compared with 1.61 in 2024, above the usual 1.5; short-term debt: 50.2% and cash: 3.8% of total assets), but 51.7% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 56% on solvency, 27% on liquidity, 84% on profitability and 43% on growth.

The bankruptcy probability was computed on 30-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.81, cash €153,612

NBB · annual accounts

Founded in 1998

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Profit of €670,425 (financial year 2025)

NBB · annual accounts

Figures for financial year 2025 (filed 03-07-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

28 days early

2024

55 days early

2023

34 days early

2022

27 days early

2021

54 days early

2020

53 days early

2019

53 days early

← 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 43 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 28 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

03-07-2026 Annual accounts filedfinancial year 2025 · full…
06-06-2025 Annual accounts filedfinancial year 2024 · abbreviated…
11-10-2024 RestructuringTransfer of a branch of…

Key points

Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2025: €670,425 8 years View
Among the largest 10% on gross marginsector median €356,059 · 3,297 companies €1.7m View
Branch transferred to COVIMMOcontribution on 11-10-2024 2024 View
Flemish supportawarded from 2022 to 2025 €129,811 View

By topic

Financials

Financial year: 2025
Total assets: €4.0m
Profit: €670,425
Solvency: 48.3%

Turnover▼ 14.8%

Net result

20212023

Go to Financials

Board & ownership

Board: 3 members
Largest shareholder: Xandress Invest · 40%

F & N CONSULTDirector
PACODirector
XANDRESS INVESTDirector

Go to Board & ownership

Network & group

Connected companies: 1
Mergers and asset contributions: 1

Go to Network & group

Timeline

Events: 34
Since: 1999
Next accounts: by 31-07-2027

08-07-2024Amendment of the articles · Restructuring
27-06-2024Annual accounts filed
31-12-2023Equity above €2m

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale of non-electrical household articlesNACE 46494
Founded: 03-03-1998
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 23

Annual meeting: First Monday of June
Purpose: “De aan- en verkoop,in- en uitvoer,groot- en kleinhandel in en de productie en de…” (deed in Dutch)

Go to Articles of association

Key facts about COVERA PACKAGING

What is the company number of COVERA PACKAGING?: 0462.810.754. In Belgium the VAT number is the company number with BE in front: BE 0462.810.754.
Where is COVERA PACKAGING based?: The registered office is at Smallandlaan 37, 2660 Antwerpen.Company details
What does COVERA PACKAGING do?: According to the KBO register, the main activity is wholesale of non-electrical household articles (NACE 46494).
What is the legal form of COVERA PACKAGING?: Public limited company (NV).
When was COVERA PACKAGING founded?: On 03-03-1998.
Is COVERA PACKAGING still active?: Yes, COVERA PACKAGING is an active enterprise in the KBO register.
How many employees does COVERA PACKAGING have?: On average 9.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of COVERA PACKAGING?: €14.3m in financial year 2023, according to the filed annual accounts.
Is COVERA PACKAGING profitable?: In financial year 2025, COVERA PACKAGING made a profit of €670,425.
Where can I find the annual accounts of COVERA PACKAGING?: COVERA PACKAGING filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COVERA PACKAGING due?: By 31-07-2027, for financial year 2026.Timeline