NORMAL SITUATION

ZAO-COVACO

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Company — Normal situation.

Financial year 2025 · Closed on 31/12/2025

Net result278,7 k €-7,1 %over 1 year

Gross margin546,9 k €-4,6 %over 1 year

Equity659,7 k €+4,6 %over 1 year

Workforce2,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

ZAO-COVACO is a company registered in Belgium. It employs on average 2,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0455.533.081
Legal form: Public limited company
Contributed capital: 587 500,00 €
Latest accounts: 31/12/2025
Average workforce: 2,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 31 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	546,9 k €	-4.6%	573,3 k €	-22.0%	734,5 k €	+60.5%	457,7 k €	-13.1%	526,7 k €
EBITDA	353,6 k €	-9.0%	388,6 k €	-27.1%	533 k €	+278%	141 k €	-19.5%	175,1 k €
Operating result	342,7 k €	-8.2%	373,3 k €	-27.1%	511,8 k €	+395%	103,5 k €	-24.9%	137,7 k €
Net result	278,7 k €	-7.1%	300,1 k €	-34.1%	455,8 k €	+348%	101,6 k €	-15.9%	120,9 k €
Balance sheet
Equity	659,7 k €	+4.6%	631 k €	+8.6%	580,8 k €	+364%	125,1 k €	+433%	23,5 k €
Total assets	1,9 M €	-4.3%	2 M €	+9.4%	1,8 M €	+15.9%	1,6 M €	+1.3%	1,5 M €
Cash	189,7 k €	-21.3%	241,1 k €	+20.0%	200,9 k €	+129%	87,8 k €	+45.7%	60,3 k €
Debts	1,2 M €	-8.4%	1,3 M €	+9.8%	1,2 M €	-12.8%	1,4 M €	-5.8%	1,5 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	+33.3%	1,5 ETP	-63.4%	4,1 ETP	-28.1%	5,7 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 30 ended

Active mandates

MIURA

Director · 0678.993.763

Represented by Vincent Cools

Active

Ended mandates

VINCOO

Managing director · since 22 avril 2021 · until 22 avril 2027 · 0861.628.927

Represented by Cools VINCENT

Ended

VINCOO

Managing director · since 22 avril 2021 · 0861.628.927

Represented by Vincent Cools

Ended

Wilhelm Pelckmans

Director · since 22 avril 2021 · until 10 octobre 2024

Ended

Wilhelm Pelckmans

Director · since 22 avril 2021

Ended

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	01/04/2020
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	9 months
Filing date	23/07/2026	16/07/2025	23/07/2024	20/07/2023	16/08/2023	09/03/2023
General meeting	27/06/2026	20/06/2025	28/06/2024	30/06/2023	26/06/2023	27/02/2023
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, 31 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/06/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	23/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	26/06/2023	16/08/2023	Dutch	PDF
Abridged model	31/12/2021	26/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2020	27/02/2023	09/03/2023	Dutch	PDF
Abridged model	31/03/2020	30/09/2020	29/10/2020	Dutch	PDF
Abridged model	31/03/2019	20/09/2019	30/10/2019	Dutch	PDF
Abridged model	31/03/2018	21/09/2018	03/10/2018	Dutch	PDF
Abridged model	31/03/2017	30/09/2017	30/10/2017	Dutch	PDF
Abridged model	31/12/2015	28/06/2016	05/08/2016	Dutch	PDF
Abridged model	31/12/2014	28/07/2015	12/08/2015	Dutch	PDF
Abridged model	31/12/2013	09/12/2014	05/01/2015	Dutch	PDF
Abridged model	31/12/2012	27/08/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	28/12/2012	28/12/2012	Dutch	PDF
Abridged model	31/12/2010	28/06/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	02/07/2007	Dutch	PDF
Abridged model	31/12/2005	27/06/2006	30/06/2006	Dutch	PDF
Abridged model	31/12/2004	28/06/2005	04/07/2005	Dutch	PDF
Abridged model	31/12/2003	29/06/2004	02/07/2004	Dutch	PDF

View all 31 filings

Indicative valuation

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

1 active · 30 ended

Active mandates

MIURA

Director · 0678.993.763

Represented by Vincent Cools

Active

Ended mandates

VINCOO

Managing director · since 22 avril 2021 · until 22 avril 2027 · 0861.628.927

Represented by Cools VINCENT

Ended

VINCOO

Managing director · since 22 avril 2021 · 0861.628.927

Represented by Vincent Cools

Ended

Wilhelm Pelckmans

Director · since 22 avril 2021 · until 10 octobre 2024

Ended

Wilhelm Pelckmans

Director · since 22 avril 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution15/01/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates18/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/09/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2021
BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF

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

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Timeline

2025
Annual accounts 2025278,7 k €↓
2025
Name changeCovaco
2024
Annual accounts 2024300,1 k €↓
2023
Annual accounts 2023455,8 k €↑
2022
Annual accounts 2022101,6 k €↓
2021
Annual accounts 2021120,9 k €↑
2020
Annual accounts 2020-436,9 k €↓
2020
Name changeZao-Covaco
2018
Annual accounts 2018-79,7 k €↓
2017
Annual accounts 20171,9 k €↑
2015
Annual accounts 2015-79,2 k €↓
2014
Annual accounts 2014879,6 €↑
2013
Annual accounts 2013-265,6 k €↓
2012
Annual accounts 20121,6 k €↑
2011
Annual accounts 2011-1,7 k €↓
2010
Annual accounts 201053,6 k €↓
2009
Annual accounts 200971,9 k €↓
2008
Annual accounts 200896,4 k €↓
2007
Annual accounts 2007108,5 k €↑
2006
Annual accounts 200695,3 k €

ZAO-COVACO

Overview

Identity

Financials

Board of directors

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