ACTIVE

COVALIM

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Financial year 2024 · closed on 31/12/2024

Net result

323,4 k €

-19.4% YoY

Revenue

7,3 M €

+0.9% YoY

Equity

3,2 M €

+11.1% YoY

Workforce

10,7 ETP

-10.8% YoY

What does COVALIM do?

COVALIM is a Public limited company incorporated in 1989. Its main activity is: Manufacture of tanks, reservoirs and containers of metal. Its registered office is in Genk. It employs on average 10,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.193.333

Incorporation

01/12/1989

Legal form

Public limited company

Registered office

Vaartstraat 27
3600 Genk · FlandreSee on map

Contributed capital

1 196 230,69 €

Latest accounts

31/12/2024

Average workforce

10,7 ETP

Activities (NACE)

25220Manufacture of tanks, reservoirs and containers of metal· main 25290Manufacture of other tanks, reservoirs and containers of metal 28410Manufacture of metal forming machinery 28410Manufacture of metal forming machinery 29420Manufacture of motor vehicles, trailers and semi-trailers

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	7,3 M €	+0.9%	7,2 M €	+1.3%	7,1 M €	+24.0%	5,8 M €	+8.2%	5,3 M €	-26.7%	7,3 M €	-20.0%	9,1 M €	+18.2%	7,7 M €	+5.1%	7,3 M €	-11.6%	8,3 M €	+9.3%	7,6 M €	-20.9%	9,6 M €	-6.4%	10,2 M €	+1.0%	10,1 M €	+26.5%	8 M €	-3.7%	8,3 M €	-26.7%	11,3 M €
EBITDA	425,7 k €	-22.9%	552,4 k €	+110%	262,9 k €	+16.1%	226,4 k €	-6.7%	242,7 k €	-52.4%	510,3 k €	-7.9%	554,1 k €	+3.1%	537,3 k €	+142%	221,8 k €	-59.0%	541,4 k €	-6.4%	578,7 k €	+9.9%	526,5 k €	-38.8%	859,7 k €	+4.3%	824,5 k €	+121%	372,6 k €	-31.8%	546,3 k €	+9.2%	500,4 k €
Operating result	417,6 k €	-21.9%	534,8 k €	+118%	245,3 k €	+18.8%	206,5 k €	-2.8%	212,4 k €	-56.1%	483,9 k €	-7.4%	522,7 k €	+2.0%	512,6 k €	+166%	192,6 k €	-62.2%	509,7 k €	-6.4%	544,8 k €	+10.4%	493,3 k €	-40.8%	833,5 k €	+4.7%	796,4 k €	+161%	305,3 k €	-32.1%	449,9 k €	+18.1%	381 k €
Net result	323,4 k €	-19.4%	401,3 k €	+121%	181,2 k €	+20.1%	150,8 k €	-2.3%	154,3 k €	-54.1%	336 k €	-7.6%	363,7 k €	+8.6%	334,9 k €	+152%	133 k €	-61.9%	348,7 k €	-13.0%	400,8 k €	+15.1%	348,3 k €	-23.6%	456,2 k €	-32.4%	674,7 k €	+238%	199,5 k €	-32.7%	296,3 k €	+7.8%	274,9 k €
Balance sheet
Equity	3,2 M €	+11.1%	2,9 M €	+16.0%	2,5 M €	+7.8%	2,3 M €	+2.3%	2,3 M €	+7.3%	2,1 M €	-16.3%	2,5 M €	-13.2%	2,9 M €	+13.0%	2,6 M €	+5.4%	2,5 M €	-14.1%	2,9 M €	-22.9%	3,7 M €	+10.4%	3,4 M €	+15.7%	2,9 M €	+30.4%	2,2 M €	+2.3%	2,2 M €	+15.8%	1,9 M €
Total assets	6 M €	-3.1%	6,2 M €	+10.9%	5,6 M €	+26.9%	4,4 M €	-1.0%	4,4 M €	+5.1%	4,2 M €	-10.8%	4,7 M €	+4.1%	4,5 M €	+11.4%	4,1 M €	-7.8%	4,4 M €	-17.7%	5,4 M €	-7.3%	5,8 M €	+16.3%	5 M €	-11.2%	5,6 M €	+44.1%	3,9 M €	-24.4%	5,2 M €	-16.1%	6,1 M €
Cash	286,2 k €	+54.4%	185,3 k €	+46.9%	126,2 k €	-78.7%	592,8 k €	+41.4%	419,2 k €	+106%	203,3 k €	-60.2%	511,4 k €	+84.6%	277,1 k €	-45.2%	505,4 k €	-58.9%	1,2 M €	-27.4%	1,7 M €	+525%	270,9 k €	-20.7%	341,7 k €	-45.9%	631,4 k €	+137%	266,1 k €	-18.7%	327,2 k €	-0.4%	328,6 k €
Debts	2,8 M €	-15.7%	3,3 M €	+6.8%	3,1 M €	+48.4%	2,1 M €	-4.4%	2,2 M €	+2.8%	2,1 M €	-4.5%	2,2 M €	+51.9%	1,4 M €	+9.9%	1,3 M €	-25.7%	1,8 M €	-24.3%	2,3 M €	+25.8%	1,9 M €	+35.2%	1,4 M €	-44.1%	2,5 M €	+67.3%	1,5 M €	-46.9%	2,8 M €	-30.4%	4 M €
Other
Workforce	10,7 ETP	-10.8%	12,0 ETP	-4.0%	12,5 ETP	-3.8%	13,0 ETP	0.0%	13,0 ETP	+3.2%	12,6 ETP	-4.5%	13,2 ETP	+0.8%	13,1 ETP	-12.7%	15,0 ETP	-1.3%	15,2 ETP	-2.6%	15,6 ETP	-14.3%	18,2 ETP	+9.0%	16,7 ETP	+21.0%	13,8 ETP	-4.8%	14,5 ETP	-24.9%	19,3 ETP	-6.3%	20,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 6 ended

Active mandates

Ilse Vanlommel

Director · since 23 décembre 2020 · until 23 décembre 2026

Active

VVL MANAGEMENT

Managing director · since 23 décembre 2020 · until 23 décembre 2026 · 0759.852.567

Represented by Koen Van Looke

Active

Ended mandates

Ilse Vanlommel

Director · since 18 juin 2019 · until 26 juin 2025

Ended

Koen Van Looke

Managing director · since 18 juin 2019 · until 23 décembre 2020

Ended

Koen Van Looke

Managing director · since 18 juin 2019 · until 26 juin 2025

Ended

Ilse Vanlommel

Director

Ended

At this address

Other companies at this address

Company	CBE no.
LIMOX● Active	0432.373.045

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2025	10/07/2024	28/06/2023	24/06/2022	23/06/2021	29/06/2020
General meeting	13/06/2025	14/06/2024	09/06/2023	10/06/2022	15/06/2021	16/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	13/06/2025	07/07/2025	Dutch	PDF
Full model	31/12/2023	14/06/2024	10/07/2024	Dutch	PDF
Full model	31/12/2022	09/06/2023	28/06/2023	Dutch	PDF
Full model	31/12/2021	10/06/2022	24/06/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	16/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	19/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	01/08/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	09/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	30/07/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	22/06/2011	Dutch	PDF
Full model	31/12/2009	15/06/2010	05/07/2010	Dutch	PDF
Full model	31/12/2008	16/06/2009	19/06/2009	Dutch	PDF
Full model	31/12/2007	17/06/2008	26/06/2008	Dutch	PDF
Full model	31/12/2006	19/06/2007	02/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2024 · 2 active · 6 ended

Active mandates

Ilse Vanlommel

Director · since 23 décembre 2020 · until 23 décembre 2026

Active

VVL MANAGEMENT

Managing director · since 23 décembre 2020 · until 23 décembre 2026 · 0759.852.567

Represented by Koen Van Looke

Active

Ended mandates

Ilse Vanlommel

Director · since 18 juin 2019 · until 26 juin 2025

Ended

Koen Van Looke

Managing director · since 18 juin 2019 · until 23 décembre 2020

Ended

Koen Van Looke

Managing director · since 18 juin 2019 · until 26 juin 2025

Ended

Ilse Vanlommel

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN
PDF
Restructuring18/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates28/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2019
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024323,4 k €↓
2023
Annual accounts 2023401,3 k €↑
2022
Annual accounts 2022181,2 k €↑
2021
Annual accounts 2021150,8 k €↓
2020
Annual accounts 2020154,3 k €↓
2019
Annual accounts 2019336 k €↓
2018
Annual accounts 2018363,7 k €↑
2017
Annual accounts 2017334,9 k €↑
2016
Annual accounts 2016133 k €↓
2015
Annual accounts 2015348,7 k €↓
2014
Annual accounts 2014400,8 k €↑
2013
Annual accounts 2013348,3 k €↓
2012
Annual accounts 2012456,2 k €↓
2011
Annual accounts 2011674,7 k €↑
2010
Annual accounts 2010199,5 k €↓
2009
Annual accounts 2009296,3 k €↑
2008
Annual accounts 2008274,9 k €
01/12/1989
IncorporationPublic 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

COVALIM

Overview

What does COVALIM do?

Trend over 17 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