ACTIVE

IMMOCOV

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+415.2% YoY

Gross margin

2,2 M €

+121.4% YoY

Equity

22,9 M €

-4.0% YoY

What does IMMOCOV do?

IMMOCOV is a Cooperative society incorporated in 1968. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.036.305

Incorporation

01/01/1968

Legal form

Cooperative society

Registered office

Nieuwevaart 151
9000 Gent · FlandreSee on map

Contributed capital

2 698 846,39 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,2 M €	+121%	999 k €	+16.9%	855 k €	+24.1%	688,9 k €	+1509%	42,8 k €	-79.9%	213,5 k €	+374%	45 k €	-89.9%	446,3 k €	+462%	79,4 k €	+14.5%	69,3 k €	+220%	21,7 k €	+1.6%	21,4 k €	+12.3%	19 k €	-14.2%	22,2 k €	+20.6%	18,4 k €	+9.3%	16,8 k €	-4.2%	17,5 k €	+30.4%	13,5 k €	+16.0%	11,6 k €
EBITDA	2,2 M €	+140%	900,1 k €	+10.9%	811,4 k €	+23.4%	657,4 k €	+1944%	32,2 k €	-83.9%	199,3 k €	+479%	34,4 k €	-92.1%	436,9 k €	+494%	73,6 k €	+17.5%	62,6 k €	+196%	21,1 k €	+2.6%	20,6 k €	+24.5%	16,5 k €	-25.3%	22,2 k €	+24.6%	17,8 k €	+6.6%	16,7 k €	+9.7%	15,2 k €	+26.7%	12 k €	+34.2%	8,9 k €
Operating result	1,6 M €	+319%	376,7 k €	+22.2%	308,3 k €	+39.8%	220,6 k €	+9374%	2,3 k €	-98.8%	188,1 k €	+925%	18,3 k €	-95.6%	420,8 k €	+1229%	31,7 k €	+115%	14,7 k €	+113%	6,9 k €	+98.2%	3,5 k €	+90.3%	1,8 k €	-73.2%	6,8 k €	+71.5%	4 k €	+14.1%	3,5 k €	-47.4%	6,7 k €	+150%	2,7 k €	+4234%	-64,3 €
Net result	1,1 M €	+415%	217,3 k €	+24.6%	174,4 k €	+7.1%	162,8 k €	+664%	-28,9 k €	-119%	155,6 k €	+737%	18,6 k €	-94.5%	336,7 k €	+1254%	24,9 k €	+90.6%	13,1 k €	+89.2%	6,9 k €	+106%	3,3 k €	+111%	1,6 k €	-74.7%	6,3 k €	+104%	3,1 k €	+26.6%	2,4 k €	-58.2%	5,8 k €	-80.1%	29,1 k €	+695%	-4,9 k €
Balance sheet
Equity	22,9 M €	-4.0%	23,8 M €	+0.6%	23,7 M €	+0.7%	23,5 M €	+2879%	788,9 k €	-3.5%	817,7 k €	+23.5%	662,2 k €	+2.1%	648,6 k €	+108%	311,9 k €	+8.7%	287 k €	+64.4%	174,6 k €	+4.0%	168 k €	+2.0%	164,6 k €	+1.0%	163 k €	+2.4%	159,2 k €	+0.3%	158,7 k €	+0.1%	158,6 k €	+2.2%	155,2 k €	+23.0%	126,2 k €
Total assets	27,1 M €	-3.0%	28 M €	-5.6%	29,6 M €	+6.3%	27,9 M €	+1966%	1,3 M €	+41.5%	952,8 k €	+3.7%	918,6 k €	+2.5%	895,9 k €	-11.9%	1 M €	-0.2%	1 M €	+466%	180 k €	+3.9%	173,2 k €	-5.1%	182,5 k €	-3.7%	189,5 k €	-1.6%	192,6 k €	-9.1%	212 k €	+4.9%	202,2 k €	-1.3%	204,7 k €	+16.2%	176,2 k €
Cash	57,2 k €	+101%	28,4 k €	-64.2%	79,4 k €	-31.5%	115,9 k €	-84.3%	737,7 k €	+16215%	4,5 k €	+44.7%	3,1 k €	-65.5%	9 k €	-32.4%	13,4 k €	-59.6%	33,2 k €	+37.8%	24,1 k €	+163%	9,1 k €	-46.1%	16,9 k €	+29.5%	13,1 k €	+49.7%	8,7 k €	+29.0%	6,8 k €	-30.8%	9,8 k €	+23.4%	7,9 k €	+86.0%	4,3 k €
Debts	3,5 M €	-4.2%	3,7 M €	-32.1%	5,4 M €	+41.9%	3,8 M €	+812%	420,2 k €	+2671%	15,2 k €	-91.3%	174,4 k €	+7.1%	162,8 k €	-76.7%	698,2 k €	-3.7%	724,9 k €	+15026%	4,8 k €	0.0%	4,8 k €	-54.3%	10,5 k €	-55.0%	23,3 k €	-22.7%	30,2 k €	-17.8%	36,7 k €	-15.0%	43,2 k €	-8.9%	47,4 k €	-5.1%	50 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 29 ended

Active mandates

A. CLAUWAERT

Director

Active

G. REYNEBEAU

Director

Active

J. ROOSE

Director

Active

M. DE MOOR

Director

Active

R. CORBEIJ

Chairman of the board of directors

Active

S. MISSELYN

Director

Active

S. TEMMERMAN

Director

Active

W. VERMEYLEN

Director

Active

Ended mandates

Andre Devos

Director

Ended

Anne Coryn

Director

Ended

D. SCHALCK

Director

Ended

Danny Van De Wynckel

Director

Ended

At this address

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SERVICOV● Active	0875.648.989
VOORUIT NR. 1● Active	0405.703.884

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	14/07/2025	10/07/2024	13/07/2023	31/08/2022	30/06/2021
General meeting	19/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	03/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	23/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	18/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	18/02/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 29 ended

Active mandates

A. CLAUWAERT

Director

Active

G. REYNEBEAU

Director

Active

J. ROOSE

Director

Active

M. DE MOOR

Director

Active

R. CORBEIJ

Chairman of the board of directors

Active

S. MISSELYN

Director

Active

S. TEMMERMAN

Director

Active

W. VERMEYLEN

Director

Active

Ended mandates

Andre Devos

Director

Ended

Anne Coryn

Director

Ended

D. SCHALCK

Director

Ended

Danny Van De Wynckel

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other08/06/2026
DIVERSEN
PDF
Mandates03/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other16/08/2022
DIVERSEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20251,1 M €↑
2024
Annual accounts 2024217,3 k €↑
2023
Annual accounts 2023174,4 k €↑
2022
Annual accounts 2022162,8 k €↑
2021
Annual accounts 2021-28,9 k €↓
2020
Annual accounts 2020155,6 k €↑
2019
Annual accounts 201918,6 k €↓
2018
Annual accounts 2018336,7 k €↑
2017
Annual accounts 201724,9 k €↑
2016
Annual accounts 201613,1 k €↑
2016
Name changeIMMOCOV
2014
Annual accounts 20146,9 k €↑
2013
Annual accounts 20133,3 k €↑
2012
Annual accounts 20121,6 k €↓
2011
Annual accounts 20116,3 k €↑
2010
Annual accounts 20103,1 k €↑
2009
Annual accounts 20092,4 k €↓
2008
Annual accounts 20085,8 k €↓
2007
Annual accounts 200729,1 k €↑
2006
Annual accounts 2006-4,9 k €
2006
Name changeHet Noorderlicht
01/01/1968
IncorporationCooperative society

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IMMOCOV

Overview

What does IMMOCOV do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline