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REPROCOVER

Active
Public limited companyfounded 20242 yrs activeAvenue André Ernst 19, 4800 Verviers, BelgiumKBO/BCE: BE 1010.562.826
Summary

The computed 12-month bankruptcy probability of REPROCOVER is 2.6% (moderate). The annual accounts of REPROCOVER for fiscal year 2025 show a net loss of 59% of total assets. The 2025 annual accounts show equity of €876,090 and a net result of -€867,793. Its solvency ranks better than 59% of 192 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency85
Growth-
Track record67
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.78; short-term debt: 15.9% and cash: 12.1% of total assets), and 40.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 07-07-2026, 24 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
24 d early
← 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

REPROCOVER was incorporated on 20 June 2024 as a Public 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, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€867,793
Working capital
€415,480
Balance-sheet composition
Assets €1.5m
Fixed assets €820,766
Current assets €649,174
Equity and liabilities €1.5m
Equity €876,090
Debt €593,850
Debt finances 40.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€789,152
Cash flow
-€791,084
Current ratio
2.78
Quick ratio
2.60
Debt to equity
0.68
ROE
-99.1%
ROA
-59.0%
Interest coverage
-175.88
Debt ≤ 1 year
€233,694
Debt > 1 year
€354,030
Income taxes
€41
Staff costs
€267,648

Peer companies

Historical observation

Of the 3,225 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.3% went bankrupt
8.7% stopped otherwise
88% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,225 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 · 54 lines
Balance sheet Code2025
Assets
Total assets20/58€1.5m
Fixed assets21/28€820,766
Tangible fixed assets22/27€820,766
Plant, machinery and equipment23€669,509
Furniture and vehicles24€12,441
Leasing and similar rights25€138,816
Current assets29/58€649,174
Stocks and contracts in progress3€42,550
Stocks30/36€42,550
Amounts receivable within one year40/41€422,638
Trade receivables40€88,258
Other amounts receivable41€334,380
Cash at bank and in hand54/58€177,702
Deferred charges and accrued income490/1€6,285
Equity and liabilities
Total equity and liabilities10/49€1.5m
Equity10/15€876,090
Contributions10/11€1.7m
Capital10€1.7m
Issued capital100€1.7m
Reserves13€3,293
Non-distributable reserves130/1€654
Legal reserve130€654
Distributable reserves133€2,639
Profit (loss) carried forward14-€783,744
Amounts payable17/49€593,850
Amounts payable after more than one year17€354,030
Financial debts170/4€354,030
Amounts payable within one year42/48€233,694
Current portion of amounts payable after more than one year42€41,418
Trade debts44€175,817
Suppliers440/4€175,817
Taxes, remuneration and social security45€1,913
Taxes450/3€1,913
Other amounts payable47/48€14,546
Accrued charges and deferred income492/3€6,126
Income statement Code2025
Remuneration, social security and pensions62€267,648
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76,709
Other operating charges640/8€12,941
Non-recurring operating charges66A€6,493
Gross operating margin9900-€502,069
Operating profit (loss)9901-€865,861
Financial income75/76B€2,433
Recurring financial income75€2,433
Financial charges65/66B€4,487
Recurring financial charges65€4,487
Profit (loss) for the period before taxes9903-€867,915
Transfer from deferred taxes780€163
Income taxes67/77€41
Profit (loss) for the period9904-€867,793
Transfer from tax-exempt reserves789€316
Profit (loss) for the period to be appropriated9905-€867,477
Appropriation of the result
Profit (loss) to be appropriated9906-€783,744
Profit (loss) brought forward from the previous period14P€83,733
Social balance
Average headcount (FTE)90872.1

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€267,648
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76,709
Other operating charges640/8€12,941
Non-recurring operating charges66A€6,493
Gross operating margin9900-€502,069
Operating profit (loss)9901-€865,861
Financial income75/76B€2,433
Recurring financial income75€2,433
Financial charges65/66B€4,487
Recurring financial charges65€4,487
Profit (loss) for the period before taxes9903-€867,915
Transfer from deferred taxes780€163
Income taxes67/77€41
Profit (loss) for the period9904-€867,793
Transfer from tax-exempt reserves789€316
Profit (loss) for the period to be appropriated9905-€867,477
Line2025
Assets
Total assets20/58€1.5m
Fixed assets21/28€820,766
Tangible fixed assets22/27€820,766
Plant, machinery and equipment23€669,509
Furniture and vehicles24€12,441
Leasing and similar rights25€138,816
Current assets29/58€649,174
Stocks and contracts in progress3€42,550
Stocks30/36€42,550
Amounts receivable within one year40/41€422,638
Trade receivables40€88,258
Other amounts receivable41€334,380
Cash at bank and in hand54/58€177,702
Deferred charges and accrued income490/1€6,285
Equity and liabilities
Total equity and liabilities10/49€1.5m
Equity10/15€876,090
Contributions10/11€1.7m
Capital10€1.7m
Issued capital100€1.7m
Reserves13€3,293
Non-distributable reserves130/1€654
Legal reserve130€654
Distributable reserves133€2,639
Profit (loss) carried forward14-€783,744
Amounts payable17/49€593,850
Amounts payable after more than one year17€354,030
Financial debts170/4€354,030
Amounts payable within one year42/48€233,694
Current portion of amounts payable after more than one year42€41,418
Trade debts44€175,817
Suppliers440/4€175,817
Taxes, remuneration and social security45€1,913
Taxes450/3€1,913
Other amounts payable47/48€14,546
Accrued charges and deferred income492/3€6,126
Line2025
Profit (loss) for the period9904-€867,793
+ Depreciation and write-downs630€76,709
Operating cash flow (approximation)-€791,084

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
07-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Verviers · 2 establishment units since 2024
seat establishment All 2 establishment units on the map
Ground area
4.1 ha
Building footprint
4,260 m²
Volume, LiDAR
42,221 m³
2 parcels, Wallonia · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
2 establishment units
REPROCOVER
Avenue André Ernst 19, 4800 VerviersManufacture of rubber and plastic products
since 20242.361.023.253
REPROCOVER
Rue de Tilff 279, 4031 LiègeWaste collection, recovery and disposal activities
since 20242.361.023.352
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63059A0328/00T000 Wallonia 3.2 ha 1 · 2,358 m² 9.4 m · 2 fl.
62002C0304/00N000 Wallonia 9,209 m² 1 · 1,901 m² 19.3 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. CARILIBEL 53.33%
  2. REPROCOVER

Highest known parent: CARILIBEL. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 371 companies in sector 22210 we hold annual accounts for 294. 212 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded20-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
22240Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
38210Materials recovery from waste
38330Waste collection, recovery and disposal activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010562826
Registered 29-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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