COVANTOM
ActiveSummary
The computed 12-month bankruptcy probability of COVANTOM is 2.0% (moderate). The 2025 annual accounts show equity of €30k and a net result of €-10k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 13417 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-29
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 5.69 against 5.85 in 2024; short-term debt: 12.9% and cash: 61.7% of total assets), and 12.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.1%
Return on assets
-28.5%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
50 d late
2023
54 d late
2022
59 d late
2021
23 d late
2020
31 d late
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▼ 24.6%
2024 · €40k
2018: €21klowest in 8 years
2019: €33k▲ +59.2% vs 2018
2020: €36k▲ +7.6% vs 2019
2021: €55k▲ +52.6% vs 2020highest in 8 years
2022: €44k▼ -18.5% vs 2021
2023: €40k▼ -10.7% vs 2022
2024: €40k▲ +1.8% vs 2023
2025: €30k▼ -24.6% vs 2024
2018 → 2025
Total assets
€35k▼ 24.0%
2024 · €46k
2018: €38k
2019: €44k▲ +15.4% vs 2018
2020: €40k▼ -9.6% vs 2019
2021: €60k▲ +51.4% vs 2020highest in 8 years
2022: €54k▼ -9.8% vs 2021
2023: €47k▼ -13.8% vs 2022
2024: €46k▼ -1.3% vs 2023
2025: €35k▼ -24.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€-10k
2024 · €734
2018: €16k
2019: €12k▼ -21.0% vs 2018
2020: €3k▼ -79.5% vs 2019
2021: €19k▲ +644% vs 2020highest in 8 years
2022: €-10k▼ -154% vs 2021lowest in 8 years
2023: €-5k▲ +53.2% vs 2022
2024: €734▲ +116% vs 2023
2025: €-10k▼ -1457% vs 2024
2018 → 2025
Working capital
€21k▼ 22.3%
2024 · €27k
2018: €16klowest in 8 years
2019: €28k▲ +76.7% vs 2018
2020: €31k▲ +8.9% vs 2019
2021: €47k▲ +52.6% vs 2020highest in 8 years
2022: €37k▼ -22.3% vs 2021
2023: €25k▼ -30.6% vs 2022
2024: €27k▲ +6.8% vs 2023
2025: €21k▼ -22.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€44k▼ 18.5%€40k▼ 10.7%€40k▲ 1.8%€30k▼ 24.6%
2021: €55khighest in 5 years
2022: €44k▼ -18.5% vs 2021
2023: €40k▼ -10.7% vs 2022
2024: €40k▲ +1.8% vs 2023
2025: €30k▼ -24.6% vs 2024lowest in 5 years
Operating result€33k-€6k▼ 83.0%€10k▲ 74.4%€11k▲ 12.3%€893▼ 91.9%
2021: €33khighest in 5 years
2022: €6k▼ -83.0% vs 2021
2023: €10k▲ +74.4% vs 2022
2024: €11k▲ +12.3% vs 2023
2025: €893▼ -91.9% vs 2024lowest in 5 years
Net result€19k-€-10k€-5k▲ 53.2%€734€-10k
2021: €19khighest in 5 years
2022: €-10k▼ -154% vs 2021lowest in 5 years
2023: €-5k▲ +53.2% vs 2022
2024: €734▲ +116% vs 2023
2025: €-10k▼ -1457% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€9k ▼ 29.4%
Current assets
€26k ▼ 21.9%
Equity and liabilities €35k
Equity
€30k ▼ 24.6%
Debt
€5k ▼ 19.7%
Debt's share of the balance-sheet total rises from 12.2% to 12.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €15k
Cash flow
€-6k▼
2024 · €5k
Current ratio
5.69▼
2024 · 5.85
Quick ratio
5.21▼
2024 · 5.51
Debt to equity
0.15▲
2024 · 0.14
ROE
-32.7%▼
2024 · 1.8%
ROA
-28.5%▼
2024 · 1.6%
Interest coverage
0.44▼
2024 · 1.45
Debt ≤ 1 year
€5k▼
2024 · €6k
Staff costs
€31k▲
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€46k€35k▼
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€8k€4k▼
Furniture and vehicles24€6k€2k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€5k€5k=
Current assets29/58€33k€26k▼
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€726€760▲
Trade receivables40€726€472▼
Other amounts receivable41-€288
Cash at bank and in hand54/58€29k€22k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€46k€35k▼
Equity10/15€40k€30k▼
Contributions10/11€6k€6k=
Reserves13€764€764=
Distributable reserves133€764€764=
Profit (loss) carried forward14€33k€24k▼
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€5k▼
Trade debts44€2k€715▼
Suppliers440/4€2k€715▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€402€971▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€850€720▼
Income statement
Code20242025
Remuneration, social security and pensions62€29k€31k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€47k€40k▼
Operating profit (loss)9901€11k€893▼
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€734€-10k▼
Profit (loss) for the period9904€734€-10k▼
Profit (loss) for the period to be appropriated9905€734€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€24k▼
Profit (loss) brought forward from the previous period14P€33k€33k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €16k | €25k | €27k | €29k | €31k | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €391 | €672 | €1k | €4k | €4k | ▼ 0.6% |
| Other operating charges640/8 | €3k | €5k | €4k | €4k | €4k | ▲ 14.8% |
| Gross operating margin9900 | €53k | €36k | €42k | €47k | €40k | ▼ 15.8% |
| Operating profit (loss)9901 | €33k | €6k | €10k | €11k | €893 | ▼ 91.9% |
| Financial income75/76B | - | - | - | €5 | - | - |
| Recurring financial income75 | - | - | - | €5 | - | - |
| Financial charges65/66B | €14k | €16k | €15k | €10k | €11k | ▲ 5.3% |
| Recurring financial charges65 | €14k | €16k | €15k | €10k | €11k | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €19k | €-10k | €-5k | €734 | €-10k | ▼ 1,457% |
| Profit (loss) for the period9904 | €19k | €-10k | €-5k | €734 | €-10k | ▼ 1,457% |
| Profit (loss) for the period to be appropriated9905 | €19k | €-10k | €-5k | €734 | €-10k | ▼ 1,457% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60k | €54k | €47k | €46k | €35k | ▼ 24.0% |
| Fixed assets21/28 | €7k | €8k | €14k | €13k | €9k | ▼ 29.4% |
| Tangible fixed assets22/27 | €2k | €3k | €9k | €8k | €4k | ▼ 48.8% |
| Furniture and vehicles24 | €2k | €3k | €9k | €6k | €2k | ▼ 61.2% |
| Other tangible fixed assets26 | - | - | - | €2k | €2k | ▼ 20.2% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €53k | €46k | €32k | €33k | €26k | ▼ 21.9% |
| Stocks and contracts in progress3 | €1k | €2k | €2k | €2k | €2k | ▲ 12.4% |
| Stocks30/36 | €1k | €2k | €2k | €2k | €2k | ▲ 12.4% |
| Amounts receivable within one year40/41 | - | - | - | €726 | €760 | ▲ 4.7% |
| Trade receivables40 | - | - | - | €726 | €472 | ▼ 35.0% |
| Other amounts receivable41 | - | - | - | - | €288 | - |
| Cash at bank and in hand54/58 | €50k | €43k | €29k | €29k | €22k | ▼ 25.4% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | €1k | €1k | ▼ 9.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60k | €54k | €47k | €46k | €35k | ▼ 24.0% |
| Equity10/15 | €55k | €44k | €40k | €40k | €30k | ▼ 24.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €764 | €764 | €764 | €764 | €764 | = |
| Non-distributable reserves130/1 | €764 | €764 | €764 | - | - | - |
| Reserves not available under the articles1311 | €764 | €764 | €764 | - | - | - |
| Distributable reserves133 | - | - | - | €764 | €764 | = |
| Profit (loss) carried forward14 | €48k | €37k | €33k | €33k | €24k | ▼ 29.8% |
| Amounts payable17/49 | €5k | €10k | €7k | €6k | €5k | ▼ 19.7% |
| Amounts payable within one year42/48 | €5k | €10k | €7k | €6k | €5k | ▼ 19.7% |
| Trade debts44 | €2k | €3k | €4k | €2k | €715 | ▼ 65.0% |
| Suppliers440/4 | €2k | €3k | €4k | €2k | €715 | ▼ 65.0% |
| Taxes, remuneration and social security45 | €3k | €6k | €2k | €3k | €3k | ▲ 13.0% |
| Taxes450/3 | €1k | €4k | €166 | €402 | €971 | ▲ 142% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | €2k | ▼ 9.3% |
| Other amounts payable47/48 | €595 | €900 | €1k | €850 | €720 | ▼ 15.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €-10k | €-5k | €734 | €-10k | ▼ 1,457% |
| + Depreciation and write-downs630 | €391 | €672 | €1k | €4k | €4k | ▼ 0.6% |
| Operating cash flow (approximation) | €19k | €-9k | €-3k | €5k | €-6k | ▼ 231% |
| Investment in fixed assets (approximation) | - | €-1k | €-8k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €-7k | €-14k | €-503 | €-7k | ▼ 1,358% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
31-12
Financial
Back to profitnet €734
Net result €734 after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €19k ▲644%
Net result €19k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 8.97
Current ratio from 3.68 to 8.97; short-term debt falls from €11k to €4k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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.
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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, Charleroi · 1 establishment unit since 2013
Ground area
138 m²
Building footprint
78 m²
Volume, LiDAR
1,102 m³
Parcel 52011B0239/00K100, Wallonia · tallest building 15.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ROYAL NORD
since 20132.219.860.539
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011B0239/00K100 | Wallonia | 138 m² | 1 · 78 m² | 15.0 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.219.860.539
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 4,102 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
Founded04-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.