ACTIVE

Covered Bond Label

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Financial year 2024 · Closed on 31/12/2024

Net result17,7 k €-83,0 %over 1 year
Gross margin23,5 k €-77,6 %over 1 year
Equity1,7 M €+1,1 %over 1 year

Identity

Source · BCE/KBO

Covered Bond Label is a Private foundation incorporated in 2012. Its main activity is: Other activities auxiliary to financial services, except insurance and pension funding. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0500.950.659
Incorporation
21/11/2012
Legal form
Private foundation
Registered office
Rue de la Science 14A
1040 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2024
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 15 filings

Trend over 12 financial years

20242023202220212020
Income statement
Gross margin23,5 k €105,2 k €-86,6 k €267,9 k €336,6 k €
EBITDA6 k €105,2 k €-86,6 k €267,9 k €336,6 k €
Operating result6 k €105,2 k €-86,6 k €267,9 k €336,6 k €
Net result17,7 k €104,3 k €-92,9 k €264,9 k €336,1 k €
Balance sheet
Equity1,7 M €1,6 M €1,5 M €1,6 M €1,4 M €
Total assets2,6 M €2,3 M €2,2 M €2 M €1,7 M €
Cash2,3 M €2 M €1,9 M €1,8 M €1,5 M €
Debts910,8 k €666,2 k €651,2 k €376 k €336,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 21 ended

Active mandates

Sanna Maaria ERIKSSON

Director · since 23 novembre 2023 · until 30 juin 2026

Active
Stefano PATRUNO

Director · since 01 janvier 2021 · until 30 juin 2026

Active
Luca BERTALOT

Managing director · since 03 juin 2014 · until 30 juin 2026

Active

Ended mandates

Morten NIELSEN

Director · since 01 janvier 2022 · until 31 décembre 2023

Ended
Stefano PATRUNO

Director · since 01 janvier 2021 · until 31 décembre 2023

Ended
Morten NIELSEN

Director · since 07 novembre 2019 · until 31 décembre 2021

Ended
Boudewijn DIERICK

Vice-chairman of the board of directors · since 30 juin 2018 · until 31 décembre 2019

Ended

Other companies at this address

Rue de la Science 14A 1040 Bruxelles
CompanyCBE no.
Ambassade de la République d`El Salvador● Active
0841.971.381
Covered Bond & Mortgage Council● Active
0411.583.173
Energy Efficient Mortgage Label● Active
0746.875.551
European Association for the Applied Sciences in Higher Education AISBL● Active
0446.801.497
SMART ENERGY EUROPE● Active
0567.776.929

Full financial information

Source · NBB
202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/07/202528/06/202423/05/202405/07/202207/06/202125/06/2020
General meeting11/06/202511/06/202422/06/202302/06/202203/06/202103/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202411/06/202507/07/2025FrenchPDF
Abridged model31/12/202311/06/202428/06/2024FrenchPDF
Abridged modelCorrection31/12/202222/06/202323/05/2024FrenchPDF
Abridged model31/12/202222/06/202305/07/2023FrenchPDF
Abridged model31/12/202102/06/202205/07/2022FrenchPDF
Abridged model31/12/202003/06/202107/06/2021FrenchPDF
Abridged model31/12/201903/06/202025/06/2020FrenchPDF
Abridged model31/12/201814/06/201923/07/2019FrenchPDF
Abridged modelCorrection31/12/201708/06/201802/04/2019FrenchPDF
Abridged model31/12/201708/06/201824/07/2018FrenchPDF
Abridged modelCorrection31/12/201608/06/201717/08/2017FrenchPDF
Abridged model31/12/201608/06/201712/07/2017FrenchPDF
Abridged model31/12/201502/06/201630/11/2016FrenchPDF
Abridged model31/12/201403/06/201524/08/2015FrenchPDF
Abridged model31/12/201303/06/201419/08/2014FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 21 ended

Active mandates

Sanna Maaria ERIKSSON

Director · since 23 novembre 2023 · until 30 juin 2026

Active
Stefano PATRUNO

Director · since 01 janvier 2021 · until 30 juin 2026

Active
Luca BERTALOT

Managing director · since 03 juin 2014 · until 30 juin 2026

Active

Ended mandates

Morten NIELSEN

Director · since 01 janvier 2022 · until 31 décembre 2023

Ended
Stefano PATRUNO

Director · since 01 janvier 2021 · until 31 décembre 2023

Ended
Morten NIELSEN

Director · since 07 novembre 2019 · until 31 décembre 2021

Ended
Boudewijn DIERICK

Vice-chairman of the board of directors · since 30 juin 2018 · until 31 décembre 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office28/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL
    PDF
  • Mandates18/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/02/2020
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2024
    Annual accounts 202417,7 k €↓
  2. 2023
    Annual accounts 2023104,3 k €↑
  3. 2022
    Annual accounts 2022-92,9 k €↓
  4. 2021
    Annual accounts 2021264,9 k €↓
  5. 2020
    Annual accounts 2020336,1 k €↑
  6. 2019
    Annual accounts 2019137,6 k €↓
  7. 2018
    Annual accounts 2018160,5 k €↓
  8. 2017
    Annual accounts 2017181,6 k €↑
  9. 2016
    Annual accounts 2016165,5 k €↓
  10. 2015
    Annual accounts 2015181,9 k €↑
  11. 2014
    Annual accounts 2014163,1 k €
  12. 2013
    Annual accounts 2013
  13. 21/11/2012
    IncorporationPrivate foundation