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COVERCO

Active Risk: not assessed
Public limited companyfounded 2003active for 23 yearsGraanstraat 19, 2490 Balen, BelgiumKBO/BCE: BE 0479.805.352
Summary

COVERCO 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 €19.2m and a net result of €15.1m, of which €17.1m non-recurring income. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 6,676 sector peers (NACE 64, financial year 2025). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.

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COVERCOActive
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Overview

Activity
Activities of holding companies
NACE 64210Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
Largest company by equity in Balen, Finance and insurance sector1 site
Size
≈ €2.3mturnover 2025, estimated
Staff
1.7 FTE
Equity
€19.2m
Profit
€15.1m
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Holdings
3
2025 accounts filed 27 days late2 of 8 deeds summarised
Signalsraises risk2025 accounts filed 27 days latelowers riskGrowing equityShow the evidence

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.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

Two signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €19.2m
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
1 day early
2023
33 days late
2022
on the day
2021
on the day
2020
5 days late
2019
15 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 7 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end31-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Back to profitnet €15.1m
  3. Equity above €10mequity €19.2m ▲192%

Key points

  • Positive: Equity rose in 2025from €6.6m to €19.2m ▲ 192% View
  • Positive: Largest company by equity in Balen, Finance and insurance sectorin the Checked rankings No. 1 View
  • Heads a groupcompanies controlled 3 View

By topic

Financials

Financial year
2025
Total assets
€38.6m
Profit
€15.1m
Solvency
49.6%
Total assets▲ 49.6%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
  • CONVENS GuidoManaging director
  • CONVENS LucManaging director
  • CONVENS LudoDirector
Go to Board & ownership

Timeline

Events
29
Since
2005
Next accounts
by 31-01-2027
  1. 30-01-2025Annual accounts filed
  2. 07-01-2025Capital & shares · Amendment of the…
  3. 30-06-2024Liquidity more than triples
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Activities of holding companiesNACE 64210
Founded
19-03-2003
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
22
Annual meeting
Third Friday of December at 10:00
Purpose
“De verhuur van nietresidentiele gebouwen zoals…” (deed in Dutch)
Go to Articles of association

Key facts about COVERCO

What is the company number of COVERCO?
0479.805.352. In Belgium the VAT number is the company number with BE in front: BE 0479.805.352.
Where is COVERCO based?
The registered office is at Graanstraat 19, 2490 Balen.Company details
What does COVERCO do?
According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of COVERCO?
Public limited company (NV).
When was COVERCO founded?
On 19-03-2003.
Is COVERCO still active?
Yes, COVERCO is an active enterprise in the KBO register.
How many employees does COVERCO have?
On average 1.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of COVERCO?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is COVERCO profitable?
In financial year 2025, COVERCO made a profit of €15.1m.
Where can I find the annual accounts of COVERCO?
COVERCO filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COVERCO due?
By 31-01-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?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 support did similar companies receive that this one did not?Subsidies What changed in the latest annual accounts?What changed

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