ACTIVE

COVAX

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Financial year 2025 · closed on 31/12/2025

Net result

50 k €

-85.4% YoY

Gross margin

504,7 k €

-45.5% YoY

Equity

242,8 k €

+3.9% YoY

Workforce

7,5 ETP

+15.4% YoY

What does COVAX do?

COVAX is a Private limited company incorporated in 1979. Its main activity is: Maintenance and repair of motor vehicles. Its registered office is in Nivelles. It employs on average 7,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.993.469

Incorporation

18/12/1979

Legal form

Private limited company

Registered office

Rue de l'Industrie 12 box b
1400 Nivelles · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

7,5 ETP

Activities (NACE)

45204Maintenance and repair of motor vehicles· main 95314Repair of computers and personal and household goods 45201Maintenance and repair of motor vehicles 95311Repair of computers and personal and household goods

Joint committees (1)

14902

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	504,7 k €	-45.5%	926,5 k €	+69.0%	548,3 k €	+88.4%	291 k €	+14.3%	254,5 k €	+28.9%	197,5 k €	-15.0%	232,3 k €	-0.1%	232,6 k €	+42.4%	163,4 k €	+106%	79,2 k €	-8.3%	86,4 k €	-39.3%	142,3 k €	+25.9%	113,1 k €	+150%	45,3 k €	+469%	8 k €	-65.3%	23 k €	-11.8%	26 k €	-15.5%	30,8 k €	-31.2%	44,7 k €	+70.1%	26,3 k €
EBITDA	127,7 k €	-75.3%	516,2 k €	+108%	248 k €	+777%	28,3 k €	-56.9%	65,6 k €	+31.3%	50 k €	-41.2%	85 k €	+16.6%	72,9 k €	+44.8%	50,4 k €	+689%	-8,5 k €	-148%	18 k €	-72.5%	65,2 k €	+21.9%	53,5 k €	+71.6%	31,2 k €	+360%	6,8 k €	-68.1%	21,3 k €	-14.1%	24,7 k €	-13.7%	28,7 k €	-33.3%	43 k €	+76.6%	24,4 k €
Operating result	82,9 k €	-82.4%	471,7 k €	+116%	217,9 k €	+50027%	434,6 €	-98.9%	41,4 k €	+94.0%	21,3 k €	-56.3%	48,8 k €	+7.6%	45,4 k €	+54.5%	29,4 k €	+175%	-39,3 k €	-202%	-13 k €	-139%	33,6 k €	+18.0%	28,5 k €	+218%	9 k €	+6560%	134,6 €	-95.8%	3,2 k €	-44.7%	5,8 k €	-44.7%	10,5 k €	-59.7%	26,1 k €	+64.3%	15,9 k €
Net result	50 k €	-85.4%	343,4 k €	+112%	161,7 k €	+4488%	-3,7 k €	-112%	30,6 k €	+123%	13,7 k €	-65.4%	39,5 k €	-7.0%	42,5 k €	+61.3%	26,4 k €	+165%	-40,5 k €	-195%	-13,7 k €	-142%	32,6 k €	+20.9%	27 k €	+248%	7,8 k €	+2203%	-368,9 €	-116%	2,2 k €	-48.4%	4,4 k €	-47.6%	8,3 k €	-66.0%	24,4 k €	+68.9%	14,5 k €
Balance sheet
Equity	242,8 k €	+3.9%	233,8 k €	+112%	110,3 k €	+11.8%	98,7 k €	-3.6%	102,3 k €	+42.6%	71,8 k €	+23.5%	58,1 k €	-25.3%	77,8 k €	+120%	35,3 k €	+294%	9 k €	-81.9%	49,5 k €	-21.7%	63,2 k €	+106%	30,6 k €	+739%	3,7 k €	+189%	-4,1 k €	-9.9%	-3,7 k €	+37.5%	-6 k €	+42.1%	-10,3 k €	+44.6%	-18,6 k €	+56.7%	-43,1 k €
Total assets	548,7 k €	-34.2%	833,6 k €	+40.6%	592,8 k €	+47.4%	402,2 k €	-12.8%	461,4 k €	+86.8%	246,9 k €	-8.7%	270,4 k €	-4.4%	282,9 k €	-1.3%	286,5 k €	+37.3%	208,7 k €	+52.7%	136,6 k €	-12.9%	156,9 k €	+3.1%	152,2 k €	+12.8%	134,9 k €	+448%	24,6 k €	+0.2%	24,6 k €	-32.5%	36,4 k €	-26.6%	49,7 k €	+0.0%	49,7 k €	+26.2%	39,4 k €
Cash	44,4 k €	-80.0%	221,8 k €	+610%	31,2 k €	-42.4%	54,2 k €	+25.7%	43,1 k €	-7.5%	46,6 k €	+160%	18 k €	-63.7%	49,5 k €	+125%	22 k €	+4.1%	21,1 k €	-36.4%	33,3 k €	+454%	6 k €	-67.6%	18,5 k €	+43.4%	12,9 k €	+93.9%	6,7 k €	-40.6%	11,2 k €	-0.8%	11,3 k €		–		3,9 k €	+15.7%	3,4 k €
Debts	305,9 k €	-48.9%	598,9 k €	+24.1%	482,5 k €	+59.0%	303,5 k €	-15.5%	359 k €	+105%	175,1 k €	-17.5%	212,2 k €	+3.5%	205,1 k €	-18.4%	251,2 k €	+25.8%	199,7 k €	+129%	87,1 k €	-7.0%	93,6 k €	-23.0%	121,6 k €	-7.4%	131,2 k €	+357%	28,7 k €	+1.4%	28,3 k €	-33.2%	42,4 k €	-29.3%	60 k €	-12.2%	68,3 k €	-17.0%	82,3 k €
Other
Workforce	7,5 ETP	+15.4%	6,5 ETP	0.0%	6,5 ETP	+8.3%	6,0 ETP		–		–		–		–		–		–		2,6 ETP	+30.0%	2,0 ETP	0.0%	2,0 ETP	+122%	0,9 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

Nicolas VAXELAIRE

Director · since 30 décembre 2019

Active

Ended mandates

NICOLAS VAXELAIRE

Administrator - manager · since 30 décembre 2019

Ended

Gautjier van der Straten Waillet

Director · since 10 mai 2017 · until 30 décembre 2019

Ended

Gautjier van der Straten Waillet

Director · since 10 mai 2017 · until 10 mai 2023

Ended

GEORGES VAXELAIRE

Director · since 10 mai 2017 · until 10 mai 2023

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	11/06/2026	07/07/2025	28/05/2024	02/11/2023	28/06/2022	02/07/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	11/05/2022	12/05/2021
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	12/05/2026	11/06/2026	French	PDF
Abridged model	31/12/2024	13/05/2025	07/07/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	28/05/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	02/11/2023	French	PDF
Micro model	31/12/2021	11/05/2022	28/06/2022	French	PDF
Micro model	31/12/2020	12/05/2021	02/07/2021	French	PDF
Micro model	31/12/2019	13/05/2020	29/06/2020	French	PDF
Micro model	31/12/2018	08/05/2019	30/08/2019	French	PDF
Micro model	31/12/2017	09/05/2018	21/08/2018	French	PDF
Micro model	31/12/2016	10/05/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	11/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	13/05/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	14/05/2014	08/07/2014	French	PDF
Abridged model	31/12/2012	08/05/2013	09/08/2013	French	PDF
Abridged model	31/12/2011	09/05/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	11/05/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	12/05/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	13/05/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	14/05/2008	08/07/2008	French	PDF
Abridged model	31/12/2006	09/05/2007	27/07/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

Nicolas VAXELAIRE

Director · since 30 décembre 2019

Active

Ended mandates

NICOLAS VAXELAIRE

Administrator - manager · since 30 décembre 2019

Ended

Gautjier van der Straten Waillet

Director · since 10 mai 2017 · until 30 décembre 2019

Ended

Gautjier van der Straten Waillet

Director · since 10 mai 2017 · until 10 mai 2023

Ended

GEORGES VAXELAIRE

Director · since 10 mai 2017 · until 10 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2020
MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates18/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates20/09/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates27/04/2012
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2011
DEMISSIONS, NOMINATIONS
PDF
Registered office17/05/2005
SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/01/2003
DEMISSIONS, NOMINATIONS
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 202550 k €↓
2024
Annual accounts 2024343,4 k €↑
2023
Annual accounts 2023161,7 k €↑
2022
Annual accounts 2022-3,7 k €↓
2021
Annual accounts 202130,6 k €↑
2020
Annual accounts 202013,7 k €↓
2019
Annual accounts 201939,5 k €↓
2018
Annual accounts 201842,5 k €↑
2017
Annual accounts 201726,4 k €↑
2016
Annual accounts 2016-40,5 k €↓
2015
Annual accounts 2015-13,7 k €↓
2014
Annual accounts 201432,6 k €↑
2013
Annual accounts 201327 k €↑
2012
Annual accounts 20127,8 k €↑
2011
Annual accounts 2011-368,9 €↓
2010
Annual accounts 20102,2 k €↓
2009
Annual accounts 20094,4 k €↓
2008
Annual accounts 20088,3 k €↓
2007
Annual accounts 200724,4 k €↑
2006
Annual accounts 200614,5 k €
18/12/1979
IncorporationPrivate limited company

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

COVAX

Overview

What does COVAX do?

Trend over 20 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