Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
COVINCO from Houyet, company number BE0463497672, closed financial year 2023 with a result of € -25,079 after tax. For that financial year COVINCO recorded revenue of € 70,615 and equity of € -642,485. Compared with financial year 2022, the result moved from € -20,488 to € -25,079. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2024.
€ -642,485
▼ € 25,079 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,079
▼ 22 % more loss than in 2022
Profit after tax over the fiscal year.
€ 95
▼ 99% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -840,800.
People and assets in 2023
€ 2
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,951
▼ 23% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 2,267
▼ 90% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 829
▼ 95% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | - | - | € 70,615 | |
| Gross margin | € 9,358 | € 10,525 | € 10,862 | ▲ 3% |
| Profit after taxes | € -14,088 | € -20,488 | € -25,079 | ▼ € 4,591 |
| Equity | € -596,918 | € -617,407 | € -642,485 | ▼ € 25,079 |
| Total debts | € 891,103 | € 924,607 | € 893,428 | ▼ 3% |
| Cash | € 3,537 | € 11,076 | € 95 | ▼ 99% |
| Land & buildings | € 175,874 | € 165,525 | € 155,177 | ▼ 6% |
| Retained profit | € -795,233 | € -815,721 | € -840,800 | ▼ € 25,079 |
| Balance sheet total | € 294,185 | € 307,201 | € 250,943 | ▼ 18% |
Key figures of COVINCO, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 30 April 2025.
What happened to COVINCO?
What happened at COVINCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
COVINCO is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 25,079. filed late Source: NBB ↗
- New establishment in Houyet. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,088 loss in 2021 to € 25,079 loss in 2023.
Establishments
Establishment units
Physical locations of this company
Route de Neufchâteau,Payenne 30
5562 Houyet
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0463.497.672
- VAT number
- BE 0463.497.672
- Registered office
- Route de Neufchâteau,Payenne 30, 5562 Houyet
- Names & denominations
- COVINCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 4 June 1998
- Peppol
- Not registered
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Restaurants van het traditionele type
Eetgelegenheden met volledige bediening