ACTIVE

B'Cover by Baloise

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Financial year 2025 · Closed on 31/12/2025

Net result520,9 k €+193,5 %over 1 year

Gross margin2,4 M €+25,8 %over 1 year

Equity1,5 M €+53,2 %over 1 year

Workforce16,9 ETP+5,6 %over 1 year

Identity

Source · BCE/KBO

B'Cover by Baloise is a Public limited company incorporated in 1989. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Antwerpen. It employs on average 16,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0437.008.754
Incorporation: 15/03/1989
Legal form: Public limited company
Registered office: Posthofbrug 16
2600 Antwerpen · FlandreSee on map
Contributed capital: 3 978 691,08 €
Latest accounts: 31/12/2025
Average workforce: 16,9 ETP

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers 68202Rental and operating of own or leased real estate 68202Rental and operating of own or leased real estate 70202Management consultancy activities 66220Activities of insurance agents and brokers+7

Joint committees (1)

30700

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,4 M €	+25.8%	1,9 M €	+19.7%	1,6 M €	+86.6%	839,4 k €	+1001%	-93,1 k €
EBITDA	1 M €	+47.4%	688,6 k €	+2.3%	673,3 k €	+792%	-97,3 k €	+80.4%	-496,7 k €
Operating result	454,5 k €	+371%	96,4 k €	+726%	11,7 k €	+102%	-583,5 k €	+5.1%	-615,1 k €
Net result	520,9 k €	+194%	177,5 k €	+592%	-36,1 k €	+94.4%	-647,1 k €	-4.4%	-619,6 k €
Balance sheet
Equity	1,5 M €	+53.2%	979,7 k €	+22.1%	802,3 k €	-4.3%	838,3 k €	-43.6%	1,5 M €
Total assets	13 M €	+6.1%	12,3 M €	+26.7%	9,7 M €	+1.7%	9,5 M €	+472%	1,7 M €
Cash	3,7 M €	-56.7%	8,6 M €	+219%	2,7 M €	-43.4%	4,8 M €	+423%	908,7 k €
Debts	11,5 M €	+2.0%	11,3 M €	+27.3%	8,9 M €	+6.8%	8,3 M €	+877610%	947,3 €
Other
Workforce	16,9 ETP	+5.6%	16,0 ETP	+31.1%	12,2 ETP	+74.3%	7,0 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steven Vanlaer	Director01/12/2022 → 11/05/2027
Noël Pauwels	Director31/08/2021 → 09/06/2026
MERNO IMMO0400.038.886Represented by Wim Kinnet	Director25/07/2016 → 09/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joris Smeulders	Director02/12/2021 → 01/12/2022
Henk Janssen	Director08/05/2018 → 2021 accounts
Gert Vernaillen	Director14/10/2016 → 2020 accounts

Other companies at this address

Posthofbrug 16 2600 Antwerpen

Company	CBE no.
BALOISE BELGIUM● Active	0400.048.883
Boerhaave● Active	0667.976.345
COBEL FLANDERS● Active	0471.783.452
CREATIVE EATERY● Active	0476.897.827
J. Haenecour & Co● Active	0404.474.360
Mercator Immo● Active	0894.664.751
MERNO IMMO● Active	0400.038.886
NOORD STER● Active	0808.252.597
Pacific Real Estate● Active	0452.651.785
POSTSITE AALST A● Active	0844.402.717
POSTSITE AALST B● Active	0844.403.608
POSTSITE AALST PARKING● Active	0844.404.103
Singel Office Antwerpen● Active	0467.195.055
SOUVERAIN 25● Active	0736.430.730
VAC DE MEANDER● Active	0628.888.216
VAN VAEK ZENITH IMMO● Active	0472.406.232

Full financial information

Source · NBB

	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	08/06/2026	04/06/2025	07/06/2024	23/05/2023	14/12/2022	02/06/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	04/05/2023	10/05/2022	11/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	08/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/05/2025	04/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/05/2024	07/06/2024	Dutch	PDF
Abridged model	31/12/2022	04/05/2023	23/05/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	10/05/2022	14/12/2022	Dutch	PDF
Abridged model	31/12/2021	10/05/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	02/06/2021	Dutch	PDF
Abridged model	31/12/2019	12/05/2020	26/05/2020	Dutch	PDF
Abridged model	31/12/2018	14/05/2019	27/05/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	17/05/2018	Dutch	PDF
Full model	31/12/2016	09/05/2017	01/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	21/07/2016	French	PDF
Abridged modelCorrection	31/12/2014	12/05/2015	01/04/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	12/07/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	28/07/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	13/08/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	12/07/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	13/08/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	19/09/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	31/08/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steven Vanlaer	Director01/12/2022 → 11/05/2027
Noël Pauwels	Director31/08/2021 → 09/06/2026
MERNO IMMO0400.038.886Represented by Wim Kinnet	Director25/07/2016 → 09/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joris Smeulders	Director02/12/2021 → 01/12/2022
Henk Janssen	Director08/05/2018 → 2021 accounts
Gert Vernaillen	Director14/10/2016 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other01/07/2026
—
PDF
Mandates19/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/06/2023
KAPITAAL - AANDELEN
PDF
Mandates31/05/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Steven Vanlaer

Noël Pauwels

MERNO IMMO

Joris Smeulders

Henk Janssen

Gert Vernaillen

Georges Walckiers

Paul Walckiers

1989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

B'Cover by Baloise

Posthofbrug 16, 2600 Berchem (Antwerp)

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Posthofbrug 16, 2600 Berchem (Antwerp)Current	accounts 2021 → 2025	Accounts 2025 · 2026-00148287

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
B'Cover by BaloiseCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00148287

Events

2025
Annual accounts 2025520,9 k €↑
2024
Annual accounts 2024177,5 k €↑
2023
Annual accounts 2023-36,1 k €↑
2022
Annual accounts 2022-647,1 k €↓
2021
Annual accounts 2021-619,6 k €↓
2020
Annual accounts 20201,1 M €↑
2019
Annual accounts 2019-125,7 k €↑
2018
Annual accounts 2018-161,5 k €↓
2017
Annual accounts 2017-93 k €↓
2016
Annual accounts 20164,8 k €↓
2015
Annual accounts 201518,2 k €↓
2014
Annual accounts 2014154,5 k €↑
2013
Annual accounts 2013-7,3 k €↓
2012
Annual accounts 201240,7 k €↓
2011
Annual accounts 201165,6 k €↑
2010
Annual accounts 201047,5 k €
15/03/1989
IncorporationPublic limited company

B'Cover by Baloise

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events