ACTIVE

COVEFAR

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Financial year 2024 · closed on 31/12/2024

Net result

132,3 k €

+132.1% YoY

Gross margin

133 k €

+83.2% YoY

Equity

781,2 k €

+20.1% YoY

What does COVEFAR do?

COVEFAR is a Public limited company incorporated in 1997. Its main activity is: Activities of head offices; management consultancy activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.537.678

Incorporation

29/09/1997

Legal form

Public limited company

Registered office

Langestraat 126
9050 Gent · FlandreSee on map

Contributed capital

74 368,06 €

Latest accounts

31/12/2024

Activities (NACE)

70322Activities of head offices; management consultancy activities· main 81100Combined facilities support activities 81100Combined facilities support activities 74879Other professional, scientific and technical activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	133 k €	+83.2%	72,6 k €	+91.5%	37,9 k €	+252%	10,8 k €	-95.9%	264,7 k €	+598%	37,9 k €	+609%	-7,4 k €	-110%	73,1 k €	-3.5%	75,8 k €	+37.0%	55,3 k €	-31.7%	81 k €	+5.1%	77,1 k €	+232%	23,2 k €	-79.3%	112 k €	+9.8%	101,9 k €	+15.2%	88,5 k €	-5.9%	94 k €
EBITDA	131,7 k €	+84.6%	71,4 k €	+94.2%	36,8 k €	+281%	9,6 k €	-96.3%	262,4 k €	+642%	35,4 k €	+499%	-8,9 k €	-112%	71,7 k €	-3.6%	74,4 k €	+38.0%	53,9 k €	-32.1%	79,4 k €	+5.1%	75,6 k €	+247%	21,7 k €	-80.3%	110,5 k €	+10.4%	100 k €	+14.8%	87,2 k €	-5.9%	92,7 k €
Operating result	131,7 k €	+91.3%	68,9 k €	+94.0%	35,5 k €	+504%	5,9 k €	-97.7%	258,6 k €	+631%	35,4 k €	+499%	-8,9 k €	-112%	71,7 k €	-3.6%	74,4 k €	+38.0%	53,9 k €	-26.7%	73,5 k €	+5.5%	69,7 k €	+339%	15,9 k €	-84.8%	104,6 k €	+11.1%	94,2 k €	+8.0%	87,2 k €	-5.9%	92,7 k €
Net result	132,3 k €	+132%	57 k €	+175%	20,7 k €	+444%	3,8 k €	-97.7%	167,2 k €	+746%	19,8 k €	+1079%	1,7 k €	-97.0%	55,2 k €	-2.3%	56,5 k €	+17.9%	47,9 k €	-19.3%	59,4 k €	+8.5%	54,8 k €	+197%	18,5 k €	-71.7%	65,2 k €	-5.8%	69,2 k €	+32.7%	52,1 k €	-18.5%	64 k €
Balance sheet
Equity	781,2 k €	+20.1%	650,6 k €	+9.3%	595,2 k €	-46.1%	1,1 M €	+12.8%	980,2 k €	+20.4%	814,3 k €	+2.3%	795,8 k €	+0.2%	794,1 k €	+6.2%	747,9 k €	+6.8%	700,4 k €	-2.8%	720,3 k €	+7.5%	669,9 k €	+7.3%	624,1 k €	+1.5%	614,6 k €	+10.1%	558,5 k €	+12.1%	498,3 k €	+11.7%	446,1 k €
Total assets	1,2 M €	-6.2%	1,3 M €	+5.7%	1,2 M €	+2.4%	1,2 M €	-6.3%	1,3 M €	-7.0%	1,4 M €	+47.4%	921,4 k €	+6.4%	865,8 k €	+3.9%	833,2 k €	+4.6%	796,5 k €	+5.2%	757 k €	-9.2%	833,9 k €	+1.5%	821,8 k €	+0.1%	820,9 k €	-5.3%	866,7 k €	+6.3%	815 k €	+1.4%	803,9 k €
Cash	5,3 k €	-56.9%	12,4 k €	+12.9%	11 k €	-90.4%	114,9 k €	-77.1%	502,8 k €	+10181%	4,9 k €	+25.3%	3,9 k €	+8.8%	3,6 k €	+103%	1,8 k €	+118%	809 €	+76.3%	459 €	+15.6%	397 €		–		617 €	-74.8%	2,4 k €	-95.3%	51,6 k €	+4217%	1,2 k €
Debts	412,6 k €	-33.2%	617,7 k €	+0.7%	613,6 k €	+694%	77,3 k €	-72.2%	278,3 k €	-48.8%	543 k €	+332%	125,6 k €	+75.2%	71,7 k €	-15.9%	85,2 k €	-11.3%	96 k €	+161%	36,7 k €	-77.6%	164,1 k €	-14.2%	191,2 k €	-2.6%	196,3 k €	-34.2%	298,3 k €	-2.9%	307,3 k €	-12.0%	349 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 13 ended

Active mandates

Luc Coussens

Director

Active

Nicole Van Der Vennet

Director

Active

Ended mandates

Luc Coussens

Managing director · since 29 mai 2015 · until 29 mai 2021

Ended

Nicole Van der Vennet

Managing director · since 29 mai 2015 · until 29 mai 2021

Ended

Luc Coussens

Managing director · since 01 janvier 2015 · until 31 décembre 2020

Ended

Luc Coussens

Managing director · since 01 janvier 2015 · until 14 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Van der Vennet Apotheek● Active	0444.568.717
WANDERPLAN● Active	0805.007.849

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	02/07/2024	13/07/2023	05/07/2022	15/06/2021	25/08/2020
General meeting	16/06/2025	15/06/2024	15/06/2023	30/06/2022	10/06/2021	30/06/2020
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
Abridged model	31/12/2024	16/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	10/06/2021	15/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 13 ended

Active mandates

Luc Coussens

Director

Active

Nicole Van Der Vennet

Director

Active

Ended mandates

Luc Coussens

Managing director · since 29 mai 2015 · until 29 mai 2021

Ended

Nicole Van der Vennet

Managing director · since 29 mai 2015 · until 29 mai 2021

Ended

Luc Coussens

Managing director · since 01 janvier 2015 · until 31 décembre 2020

Ended

Luc Coussens

Managing director · since 01 janvier 2015 · until 14 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares23/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates03/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2004
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/06/2003
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 2024132,3 k €↑
2023
Annual accounts 202357 k €↑
2022
Annual accounts 202220,7 k €↑
2021
Annual accounts 20213,8 k €↓
2018
Annual accounts 2018167,2 k €↑
2017
Annual accounts 201719,8 k €↑
2016
Annual accounts 20161,7 k €↓
2015
Annual accounts 201555,2 k €↓
2014
Annual accounts 201456,5 k €↑
2013
Annual accounts 201347,9 k €↓
2012
Annual accounts 201259,4 k €↑
2011
Annual accounts 201154,8 k €↑
2010
Annual accounts 201018,5 k €↓
2009
Annual accounts 200965,2 k €↓
2008
Annual accounts 200869,2 k €↑
2007
Annual accounts 200752,1 k €↓
2006
Annual accounts 200664 k €
29/09/1997
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

COVEFAR

Overview

What does COVEFAR 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