ACTIVE

COVACO

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Financial year 2025 · closed on 31/12/2025
Net result
1,8 M €
+1.7% YoY
Gross margin
3,7 M €
+28.2% YoY
Equity
2 M €
+39.6% YoY
Workforce
20,0 ETP
+13.0% YoY

What does COVACO do?

COVACO is a Private limited company incorporated in 1986. Its registered office is in Zandhoven. It employs on average 20,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0430.033.761
Incorporation
09/12/1986
Legal form
Private limited company
Registered office
Langestraat 99 box 2
2240 Zandhoven · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
20,0 ETP
Joint committees (1)
  • 307
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin3,7 M €2,9 M €2,4 M €2 M €1,6 M €1,3 M €917,4 k €742 k €259,4 k €399 k €341,5 k €384,7 k €387,8 k €355,1 k €321 k €229,1 k €197,3 k €141 k €126,5 k €131,2 k €
EBITDA2,4 M €1,7 M €1,4 M €1,1 M €1,1 M €855,7 k €562,7 k €486 k €90,2 k €229,2 k €163 k €179,4 k €166,3 k €160,1 k €131,5 k €103,8 k €102 k €66 k €77,5 k €98,3 k €
Operating result1,9 M €1,4 M €1,1 M €885,1 k €1 M €807,2 k €511,9 k €443,1 k €55,1 k €201,6 k €142,3 k €100,3 k €71,7 k €65,9 k €40,5 k €45,5 k €65,1 k €24,4 k €38,7 k €48,7 k €
Net result1,8 M €1,8 M €1,1 M €520,1 k €995 k €817,6 k €433,3 k €390,3 k €20,2 k €116,5 k €138 k €12 k €49,9 k €22,4 k €1,1 k €16,2 k €34,6 k €7,5 k €16,8 k €20,9 k €
Balance sheet
Equity2 M €1,5 M €914,5 k €763,2 k €743 k €623 k €455,4 k €332,1 k €251,8 k €223,6 k €216,6 k €178,6 k €226,6 k €176,7 k €154,3 k €153,2 k €287 k €252,4 k €245 k €228,2 k €
Total assets15,3 M €12,1 M €7,5 M €4,1 M €4,2 M €3,5 M €3 M €2,9 M €2,8 M €1,3 M €1,5 M €1,4 M €1,1 M €1,2 M €1,4 M €1,3 M €1,1 M €824,8 k €648 k €786,2 k €
Cash1,6 M €1,9 M €418,8 k €182,3 k €536 k €1,1 M €1,6 M €1,4 M €755,5 k €850,7 k €949,7 k €836,6 k €473,5 k €335,3 k €705,1 k €535,4 k €434,1 k €259,4 k €133,8 k €109,8 k €
Debts13,2 M €10,7 M €6,6 M €3,3 M €3,4 M €2,9 M €2,5 M €2,5 M €2,4 M €1 M €1,3 M €1,3 M €862,7 k €978,5 k €1,3 M €1,2 M €852,8 k €572,4 k €403,1 k €558,1 k €
Other
Workforce20,0 ETP17,7 ETP14,7 ETP12,1 ETP9,6 ETP7,9 ETP6,4 ETP4,7 ETP3,1 ETP–3,2 ETP3,4 ETP3,7 ETP3,0 ETP2,8 ETP2,3 ETP1,6 ETP1,1 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

MIURA

Director · since 28 décembre 2023 · 0678.993.763

Represented by Vincent Cools

Active

Ended mandates

MIURA

Manager · since 25 octobre 2017 · 0678.993.763

Represented by Vincent Cools

Ended
MIURA

Director · since 25 octobre 2017 · 0678.993.763

Represented by Vincent Cools

Ended
MIURA

Director · since 31 juillet 2017 · 0678.993.763

Represented by Vincent Cools

Ended
Eddy Cools

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
COVACO Invest● Active
0786.372.664
FINCOR● Active
0688.588.449
I.K.P.● Active
0471.507.694
MAURO● Active
0474.679.002
VP CONSTRUCT● Active
0889.392.307
VP Invest● Active
0747.474.872
VP TERRAE● Active
0654.838.387
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202623/07/202524/07/202431/08/202317/10/202228/09/2021
General meeting27/06/202628/06/202529/06/202427/05/202330/06/202229/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/06/202623/07/2026DutchPDF
Abridged model31/12/202428/06/202523/07/2025DutchPDF
Abridged model31/12/202329/06/202424/07/2024DutchPDF
Abridged model31/12/202227/05/202331/08/2023DutchPDF
Abridged model31/12/202130/06/202217/10/2022DutchPDF
Abridged model31/12/202029/05/202128/09/2021DutchPDF
Abridged model31/12/201926/08/202011/09/2020DutchPDF
Abridged model31/12/201830/06/201927/08/2019DutchPDF
Abridged model31/12/201730/06/201831/10/2018DutchPDF
Micro model31/12/201627/05/201727/09/2017DutchPDF
Abridged model31/12/201528/05/201630/08/2016DutchPDF
Abridged model31/12/201430/05/201528/08/2015DutchPDF
Abridged model31/12/201330/06/201428/08/2014DutchPDF
Abridged modelCorrection31/12/201225/05/201327/09/2013DutchPDF
Abridged model31/12/201225/05/201327/08/2013DutchPDF
Abridged model31/12/201126/05/201227/09/2012DutchPDF
Abridged model31/12/201028/05/201128/10/2011DutchPDF
Abridged model31/12/200929/05/201030/09/2010DutchPDF
Abridged model31/12/200830/05/200927/08/2009DutchPDF
Abridged model31/12/200731/05/200828/08/2008DutchPDF
Abridged model31/12/200626/05/200730/11/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 7 ended

Active mandates

MIURA

Director · since 28 décembre 2023 · 0678.993.763

Represented by Vincent Cools

Active

Ended mandates

MIURA

Manager · since 25 octobre 2017 · 0678.993.763

Represented by Vincent Cools

Ended
MIURA

Director · since 25 octobre 2017 · 0678.993.763

Represented by Vincent Cools

Ended
MIURA

Director · since 31 juillet 2017 · 0678.993.763

Represented by Vincent Cools

Ended
Eddy Cools

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring15/01/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring15/01/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/11/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/11/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates23/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates20/06/2018
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/11/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/02/2004
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 20251,8 M €↑
  2. 2024
    Annual accounts 20241,8 M €↑
  3. 2023
    Annual accounts 20231,1 M €↑
  4. 2022
    Annual accounts 2022520,1 k €↓
  5. 2021
    Annual accounts 2021995 k €↑
  6. 2020
    Annual accounts 2020817,6 k €↑
  7. 2019
    Annual accounts 2019433,3 k €↑
  8. 2018
    Annual accounts 2018390,3 k €↑
  9. 2017
    Annual accounts 201720,2 k €↓
  10. 2016
    Annual accounts 2016116,5 k €↓
  11. 2015
    Annual accounts 2015138 k €↑
  12. 2014
    Annual accounts 201412 k €↓
  13. 2013
    Annual accounts 201349,9 k €↑
  14. 2012
    Annual accounts 201222,4 k €↑
  15. 2011
    Annual accounts 20111,1 k €↓
  16. 2010
    Annual accounts 201016,2 k €↓
  17. 2009
    Annual accounts 200934,6 k €↑
  18. 2008
    Annual accounts 20087,5 k €↓
  19. 2007
    Annual accounts 200716,8 k €↓
  20. 2006
    Annual accounts 200620,9 k €
  21. 09/12/1986
    IncorporationPrivate limited company