ACTIVE

COVAMEN

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Financial year 2025 · closed on 31/12/2025

Net result

697,8 k €

+23.5% YoY

Gross margin

2,2 M €

+19.8% YoY

Equity

2,4 M €

+39.9% YoY

Workforce

11,6 ETP

+8.4% YoY

What does COVAMEN do?

COVAMEN is a Public limited company incorporated in 1999. Its main activity is: Joinery installation. Its registered office is in Soumagne. It employs on average 11,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.784.201

Incorporation

12/04/1999

Legal form

Public limited company

Registered office

Rue Jean-Louis Paggen 10
4631 Soumagne · WallonieSee on map

Contributed capital

208 490,09 €

Latest accounts

31/12/2025

Average workforce

11,6 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories 31004Manufacture of furniture 31091Manufacture of other furniture 36141Water collection, treatment and supply+4

Joint committees (3)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,2 M €	+19.8%	1,8 M €	+76.4%	1 M €	+22.6%	831,4 k €	-43.4%	1,5 M €	+227%	449,9 k €	-10.1%	500,6 k €	-0.3%	502,3 k €	-48.3%	970,8 k €	-6.6%	1 M €	-13.0%	1,2 M €	-11.9%	1,4 M €	+21.6%	1,1 M €	+5.8%	1,1 M €	+9.6%	961,2 k €	+41.9%	677,2 k €	+44.5%	468,8 k €	+14.3%	410,1 k €
EBITDA	1,4 M €	+21.1%	1,1 M €	+127%	501,1 k €	+26.2%	397 k €	-60.9%	1 M €	+224%	313,7 k €	-20.0%	392,3 k €	+461%	-108,5 k €	-150%	215 k €	+392%	-73,7 k €	-158%	126,7 k €	-45.3%	231,7 k €	+1.4%	228,6 k €	-15.6%	271 k €	+65.4%	163,8 k €	-18.3%	200,6 k €	+175%	73 k €	+15.4%	63,3 k €
Operating result	1 M €	+18.6%	843,6 k €	+313%	204,3 k €	+47.0%	139 k €	-82.8%	807,3 k €	+262%	223,1 k €	-26.8%	304,9 k €	+186%	-355,2 k €	-488%	91,6 k €	+141%	-222,9 k €	-408%	72,3 k €	-22.8%	93,7 k €	+44.5%	64,8 k €	-47.8%	124,2 k €	+60.0%	77,6 k €	-46.3%	144,6 k €	+341%	32,8 k €	+22.1%	26,8 k €
Net result	697,8 k €	+23.5%	565,1 k €	+407%	111,4 k €	+14.2%	97,5 k €	-85.6%	678 k €	+329%	158,2 k €	-29.6%	224,7 k €	+149%	-458 k €	-11546%	4 k €	+101%	-298,8 k €	-10966%	2,8 k €	-83.3%	16,4 k €	-3.4%	17 k €	-76.0%	70,9 k €	+58.3%	44,8 k €	-52.5%	94,3 k €	+1629%	5,5 k €	-33.0%	8,1 k €
Balance sheet
Equity	2,4 M €	+39.9%	1,7 M €	+37.9%	1,3 M €	+11.9%	1,1 M €	+9.5%	1 M €	+595%	148 k €	+2799%	-5,5 k €	+97.6%	-225,9 k €	-195%	237,1 k €	-0.4%	238,1 k €	-30.5%	342,6 k €	-1.0%	346,2 k €	+5.8%	327,3 k €	+3.1%	317,4 k €	+87.9%	168,9 k €	+13.3%	149,1 k €	+86.8%	79,8 k €	+7.3%	74,4 k €
Total assets	8 M €	-2.4%	8,2 M €	-23.2%	10,7 M €	+99.7%	5,3 M €	+0.9%	5,3 M €	+58.7%	3,3 M €	+13.1%	2,9 M €	+18.7%	2,5 M €	-27.0%	3,4 M €	-17.9%	4,1 M €	-3.8%	4,3 M €	+49.5%	2,9 M €	+25.2%	2,3 M €	+30.6%	1,8 M €	+9.5%	1,6 M €	+75.9%	914,7 k €	+32.9%	688,4 k €	+0.4%	685,9 k €
Cash	1,4 M €	-9.1%	1,5 M €	+167%	557,1 k €	+89.6%	293,9 k €	+24.3%	236,4 k €	-15.2%	278,8 k €	-0.3%	279,5 k €	+21.1%	230,7 k €	+951%	21,9 k €	-84.2%	138,9 k €	-73.1%	517 k €	+139%	216,1 k €	+266%	59 k €	-82.4%	335,7 k €	+203507%	164,9 €	+1295%	11,8 €	+1.7%	11,6 €	+1.3%	11,5 €
Debts	5,5 M €	-13.8%	6,4 M €	-31.5%	9,3 M €	+125%	4,1 M €	-1.0%	4,2 M €	+31.0%	3,2 M €	+8.0%	3 M €	+9.0%	2,7 M €	-14.3%	3,2 M €	-19.0%	3,9 M €	-1.2%	3,9 M €	+56.3%	2,5 M €	+28.3%	2 M €	+36.3%	1,4 M €	+4.1%	1,4 M €	+81.5%	764,5 k €	+26.0%	606,7 k €	-0.5%	609,7 k €
Other
Workforce	11,6 ETP	+8.4%	10,7 ETP	+7.0%	10,0 ETP	-2.9%	10,3 ETP	-8.0%	11,2 ETP	+433%	2,1 ETP	+23.5%	1,7 ETP	-86.0%	12,1 ETP	-20.4%	15,2 ETP	-28.3%	21,2 ETP	+14.0%	18,6 ETP	-20.5%	23,4 ETP	+6.8%	21,9 ETP	-3.5%	22,7 ETP	+17.6%	19,3 ETP	+28.7%	15,0 ETP	+37.6%	10,9 ETP	+6.9%	10,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

COVAGESTION

Managing director · since 29 juin 2021 · until 30 juin 2026 · 0839.946.160

Represented by Mr VANDERSANDEN Roland

Active

Ended mandates

COVAGESTION

Managing director · since 29 juin 2021 · until 28 juin 2027 · 0839.946.160

Represented by Mr VANDERSANDEN ROLAND

Ended

COVAGESTION

Managing director · since 29 juin 2021 · until 29 juin 2027 · 0839.946.160

Represented by Mr VANDERSANDEN ROLAND

Ended

Lucie VANDERSANDEN

Director · since 29 juin 2021 · until 23 août 2024

Ended

Lucie VANDERSANDEN

Director · since 29 juin 2021 · until 28 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
COVAGESTION● Active	0839.946.160
COVAMEX● Active	0848.166.515
ENTREPRISES COVACONSTRUCT● Active	0834.070.039
PORTAFLEX● Active	0826.406.148

Annual accounts

Full financial information

	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	27/08/2026	19/08/2025	20/08/2024	29/08/2023	19/08/2022	16/08/2021
General meeting	26/06/2026	27/06/2025	21/06/2024	16/06/2023	17/06/2022	03/08/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	19/08/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	20/08/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	19/08/2022	French	PDF
Abridged model	31/12/2020	03/08/2021	16/08/2021	French	PDF
Abridged model	31/12/2019	25/06/2020	14/09/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	19/04/2018	22/05/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	14/04/2016	09/05/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/04/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	30/04/2013	18/06/2013	French	PDF
Abridged model	31/12/2011	30/04/2012	08/08/2012	French	PDF
Abridged model	31/12/2010	02/05/2011	03/08/2011	French	PDF
Abridged model	31/12/2009	30/03/2010	24/06/2010	French	PDF
Abridged model	31/12/2008	30/04/2009	11/08/2009	French	PDF
Abridged model	31/12/2007	07/05/2008	14/08/2008	French	PDF
Abridged model	31/12/2006	02/05/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 1 active · 18 ended

Active mandates

COVAGESTION

Managing director · since 29 juin 2021 · until 30 juin 2026 · 0839.946.160

Represented by Mr VANDERSANDEN Roland

Active

Ended mandates

COVAGESTION

Managing director · since 29 juin 2021 · until 28 juin 2027 · 0839.946.160

Represented by Mr VANDERSANDEN ROLAND

Ended

COVAGESTION

Managing director · since 29 juin 2021 · until 29 juin 2027 · 0839.946.160

Represented by Mr VANDERSANDEN ROLAND

Ended

Lucie VANDERSANDEN

Director · since 29 juin 2021 · until 23 août 2024

Ended

Lucie VANDERSANDEN

Director · since 29 juin 2021 · until 28 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring03/10/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/04/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates15/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office29/04/2021
SIEGE SOCIAL
PDF
Mandates04/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates09/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2017
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 2025697,8 k €↑
2024
Annual accounts 2024565,1 k €↑
2023
Annual accounts 2023111,4 k €↑
2022
Annual accounts 202297,5 k €↓
2021
Annual accounts 2021678 k €↑
2018
Annual accounts 2018158,2 k €↓
2017
Annual accounts 2017224,7 k €↑
2016
Annual accounts 2016-458 k €↓
2015
Annual accounts 20154 k €↑
2014
Annual accounts 2014-298,8 k €↓
2013
Annual accounts 20132,8 k €↓
2012
Annual accounts 201216,4 k €↓
2011
Annual accounts 201117 k €↓
2010
Annual accounts 201070,9 k €↑
2009
Annual accounts 200944,8 k €↓
2008
Annual accounts 200894,3 k €↑
2007
Annual accounts 20075,5 k €↓
2006
Annual accounts 20068,1 k €
12/04/1999
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

COVAMEN

Overview

What does COVAMEN do?

Trend over 18 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