ACTIVE

COVANCO

Financial year 2025 · Closed on 30/09/2025

Net result103,8 k €+6,8 %over 1 year

Gross margin144,6 k €-2,7 %over 1 year

Equity383,7 k €+4,1 %over 1 year

Identity

Source · BCE/KBO

COVANCO is a Private limited company incorporated in 1997. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Izegem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0461.350.608
Incorporation: 05/09/1997
Legal form: Private limited company
Registered office: Ter Beemden 37
8870 Izegem · FlandreSee on map
Contributed capital: 18 592,01 €
Latest accounts: 30/09/2025

Activities (NACE)

74855Other professional, scientific and technical activities· main 82100Office administrative and support activities 82110Combined office administrative service activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 51190Passenger air transport+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	144,6 k €	-2.7%	148,7 k €	+9.4%	135,8 k €	+12.8%	120,5 k €	+10.2%	109,3 k €
EBITDA	142,2 k €	-2.8%	146,2 k €	+9.2%	133,9 k €	+13.7%	117,7 k €	+9.2%	107,8 k €
Operating result	106,8 k €	-14.0%	124,2 k €	+1.8%	122 k €	+10.8%	110,1 k €	+9.7%	100,4 k €
Net result	103,8 k €	+6.8%	97,2 k €	+499%	-24,3 k €	-140%	61 k €	+4.3%	58,5 k €
Balance sheet
Equity	383,7 k €	+4.1%	368,5 k €	+5.4%	349,6 k €	-16.7%	419,7 k €	-5.9%	446 k €
Total assets	733,8 k €	-14.0%	853,6 k €	+14.9%	743 k €	-2.6%	763,2 k €	+8.2%	705,5 k €
Cash	289,3 k €	+495%	48,6 k €	-83.4%	292,4 k €	-11.1%	328,9 k €	-8.1%	357,9 k €
Debts	350,1 k €	-27.8%	485,1 k €	+27.7%	380 k €	+13.2%	335,8 k €	+33.2%	252,1 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stefaan Vanquaethem	Directorsince 28/08/1997Manager2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
STEFAAN VANQUATHEM	Manager2014 accounts

Other companies at this address

Ter Beemden 37 8870 Izegem

Company	CBE no.
STILISA● Active	1025.274.855

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	15/04/2025	29/04/2024	28/04/2023	21/03/2022	23/03/2021
General meeting	21/03/2026	15/03/2025	16/03/2024	18/03/2023	19/03/2022	20/03/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	21/03/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	15/03/2025	15/04/2025	Dutch	PDF
Micro model	30/09/2023	16/03/2024	29/04/2024	Dutch	PDF
Micro model	30/09/2022	18/03/2023	28/04/2023	Dutch	PDF
Micro model	30/09/2021	19/03/2022	21/03/2022	Dutch	PDF
Micro model	30/09/2020	20/03/2021	23/03/2021	Dutch	PDF
Micro model	30/09/2019	21/03/2020	07/04/2020	Dutch	PDF
Micro model	30/09/2018	16/03/2019	02/04/2019	Dutch	PDF
Micro model	30/09/2017	17/03/2018	26/03/2018	Dutch	PDF
Abridged model	30/09/2016	18/03/2017	29/03/2017	Dutch	PDF
Abridged model	30/09/2015	19/03/2016	15/04/2016	Dutch	PDF
Abridged model	30/09/2014	21/03/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/03/2014	15/04/2014	Dutch	PDF
Abridged model	30/09/2012	16/03/2013	05/04/2013	Dutch	PDF
Abridged model	30/09/2011	17/03/2012	06/04/2012	Dutch	PDF
Abridged model	30/09/2010	19/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	20/03/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	21/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	15/03/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	17/03/2007	22/03/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stefaan Vanquaethem	Directorsince 28/08/1997Manager2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
STEFAAN VANQUATHEM	Manager2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/08/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares27/08/2014
INVOERING EURO — KAPITAALVERHOGING — STATUTENWIJZIGINGEN -
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

Filings19 filings

Mandates

Stefaan Vanquaethem

STEFAAN VANQUATHEM

199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

COVANCO

Ter Beemden 37, 8870 Izegem

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Ter Beemden 37, 8870 IzegemCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00103831

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
COVANCOCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00103831

Events

2025
Annual accounts 2025103,8 k €↑
2024
Annual accounts 202497,2 k €↑
2023
Annual accounts 2023-24,3 k €↓
2022
Annual accounts 202261 k €↑
2021
Annual accounts 202158,5 k €↓
2020
Annual accounts 202064,8 k €↓
2019
Annual accounts 201982,2 k €↑
2018
Annual accounts 201878,3 k €↑
2017
Annual accounts 201745,8 k €↑
2016
Annual accounts 201645 k €↑
2015
Annual accounts 201538,9 k €↑
2014
Annual accounts 2014860,5 €↓
2013
Annual accounts 20139,7 k €↑
2012
Annual accounts 20126,8 k €↓
2011
Annual accounts 201117,8 k €↑
2010
Annual accounts 201016,8 k €↓
2009
Annual accounts 200932,4 k €↑
2008
Annual accounts 200811,9 k €↑
2007
Annual accounts 20073,3 k €
05/09/1997
IncorporationPrivate limited company

COVANCO

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