Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2024; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
THE COVER 84 from Gent, company number BE0666403658, closed financial year 2024 with a result of € 5,659 after tax. For that financial year THE COVER 84 recorded a gross margin of € 141,717 and equity of € -39,775. Compared with financial year 2023, the result moved from € 200 to € 5,659. Profitable, and profit is growing. 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 August 28, 2025.
€ -39,775
▲ € 5,659 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,659
▲ € 5,459 vs 2023
Profit after tax over the fiscal year.
€ 1,632
▼ 43% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -58,375.
People and assets in 2024
€ 92,656
▲ 15% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,534
▼ 86% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 8,347
▼ 59% vs 2023
Loans from banks and other lenders, long and short.
€ 42,982
▼ 21% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 30,536
▲ 51% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 77,290 | € 75,024 | € 111,485 | € 141,717 | ▲ 27% |
| Profit after taxes | € 6,708 | € -29,072 | € 200 | € 5,659 | ▲ € 5,459 |
| Equity | € -16,561 | € -45,633 | € -45,434 | € -39,775 | ▲ € 5,659 |
| Total debts | € 97,736 | € 113,048 | € 100,738 | € 83,898 | ▼ 17% |
| Cash | € 1,502 | € 3,302 | € 2,876 | € 1,632 | ▼ 43% |
| Retained profit | € -35,161 | € -64,233 | € -64,034 | € -58,375 | ▲ € 5,659 |
| Bank debt | € 36,209 | € 26,304 | € 20,427 | € 8,347 | ▼ 59% |
| Balance sheet total | € 81,175 | € 67,415 | € 55,305 | € 44,123 | ▼ 20% |
Key figures of THE COVER 84, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to THE COVER 84?
What happened at THE COVER 84 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
THE COVER 84 is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: profit of € 5,659 (▲ € 5,459 vs 2023). filed late Source: NBB ↗
- New establishment in Nazareth-De Pinte. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,708 profit in 2021 to € 5,659 profit in 2024.
Paid € 83 in corporate taxes since 2021.
Best year ever: 2021, with € 6,708 profit.
Management
Behind THE COVER 84 are PAUL DE GRAUWE and Maxim DE GRAUWE.
Directors
According to the 2024 annual accounts
PAUL DE GRAUWE
Director
Maxim DE GRAUWE
Director
Establishments
Establishment units
Physical locations of this company
Vrijdagmarkt 26
9000 Gent
Heirweg 50
9840 Nazareth-De Pinte
Active since 16 November 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
TRELLIAN-AS-AP Trellian Pty. Limited, AU
Website info
Features
Security
Details
- Company number
- 0666.403.658
- VAT number
- BE 0666.403.658
- Registered office
- Vrijdagmarkt 26, 9000 Gent
- Names & denominations
- THE COVER 84
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 16 November 2016
- Peppol
- Active · Active since 30 Jan 2025
- Contact
- thecover.be
- Activities · NACE
Cafés en bars
Hotels en dergelijke accommodatie
Overige werkzaamheden in verband met de afwerking van gebouwen
Bouwrijp maken van terreinen
Schilderen van gebouwen
Dakwerkzaamheden
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Sanitaire werkzaamheden
+11