ACTIVE

COVESS

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Financial year 2025 · closed on 31/12/2025

Net result

-987,3 k €

-170.5% YoY

Gross margin

-104,1 k €

-104.7% YoY

Equity

1,5 M €

-40.2% YoY

Workforce

2,4 ETP

-20.0% YoY

What does COVESS do?

COVESS is a Public limited company incorporated in 2001. Its registered office is in Hasselt. It employs on average 2,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.695.630

Incorporation

24/04/2001

Legal form

Public limited company

Registered office

Monninxstraat 52
3510 Hasselt · FlandreSee on map

Contributed capital

1 561 500,00 €

Latest accounts

31/12/2025

Average workforce

2,4 ETP

Joint committees (3)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-104,1 k €	-105%	2,2 M €	+235%	658,1 k €	+0.8%	652,8 k €	-27.3%	897,6 k €	-7.4%	969,5 k €	+107%	469,3 k €	+208%	152,2 k €	+297%	-77,3 k €	+75.2%	-312 k €	-132%	962,8 k €	+865%	-125,9 k €	+63.9%	-349,1 k €	-78.6%	-195,4 k €	-50.4%	-130 k €	-176%	170,1 k €	-22.2%	218,7 k €	-9.5%	241,7 k €	+237%	-176 k €	+42.3%	-305,2 k €
EBITDA	-564,4 k €	-129%	2 M €	+415%	381,7 k €	+20.3%	317,3 k €	-52.1%	662,3 k €	+12.0%	591,3 k €	+98.5%	297,8 k €	+11194%	-2,7 k €	+98.6%	-192,5 k €	+47.1%	-363,7 k €	-139%	921,1 k €	+534%	-212 k €	+48.9%	-415,1 k €	-92.4%	-215,8 k €	-46.0%	-147,8 k €	-274%	85 k €	-44.2%	152,3 k €	+10.9%	137,4 k €	+147%	-293,6 k €	+35.7%	-456,7 k €
Operating result	-936,2 k €	-161%	1,5 M €	+1483%	97,4 k €	-27.3%	134 k €	-74.6%	527,4 k €	+9.9%	480 k €	+239%	141,5 k €	+192%	-154,6 k €	+60.1%	-387,9 k €	+32.9%	-578,3 k €	-180%	720,6 k €	+285%	-388,7 k €	+37.6%	-623 k €	-57.0%	-396,8 k €	-15.2%	-344,3 k €	-113%	-161,6 k €	-99.5%	-81 k €	+54.4%	-177,7 k €	+72.9%	-655,5 k €	+16.7%	-786,5 k €
Net result	-987,3 k €	-171%	1,4 M €	+3003%	45,1 k €	-58.6%	108,8 k €	-78.6%	508,9 k €	+8.8%	467,7 k €	+263%	128,7 k €	+166%	-193,9 k €	+29.2%	-273,9 k €	+57.5%	-644 k €	-193%	695,2 k €	+262%	-429,2 k €	+31.4%	-625,7 k €	-58.0%	-396 k €	-13.2%	-349,8 k €	-269%	206,5 k €	-77.7%	926,9 k €	+495%	-234,6 k €	+65.0%	-671,2 k €	+20.0%	-839,4 k €
Balance sheet
Equity	1,5 M €	-40.2%	2,5 M €	+115%	1,2 M €	+0.7%	1,2 M €	+6.5%	1,1 M €	+147%	445,1 k €	+56.4%	284,5 k €	+82.6%	155,8 k €	+266%	42,6 k €	+103%	-1,3 M €	-2889%	-43,1 k €	+94.2%	-738,2 k €	-139%	-309,1 k €	-198%	316,7 k €	-23.3%	412,7 k €	-45.9%	762,6 k €	+198%	256 k €	+4049%	-6,5 k €	-101%	528,2 k €	-41.3%	899,3 k €
Total assets	2,8 M €	-32.9%	4,2 M €	+82.7%	2,3 M €	+13.4%	2 M €	+27.1%	1,6 M €	+109%	763,8 k €	+22.1%	625,7 k €	-22.3%	805,6 k €	+36.0%	592,3 k €	+5.5%	561,2 k €	-45.4%	1 M €	+113%	483,2 k €	-15.8%	573,7 k €	+26.7%	452,7 k €	+0.6%	450,1 k €	-55.4%	1 M €	+21.8%	827,9 k €	-49.5%	1,6 M €	-10.7%	1,8 M €	-27.6%	2,5 M €
Cash	14,3 k €	-83.5%	87 k €	+1.9%	85,4 k €	+148%	34,4 k €	+140%	14,3 k €	-58.3%	34,3 k €	-17.9%	41,8 k €	+284%	10,9 k €	+1288%	784 €	-94.3%	13,7 k €	-54.4%	30,1 k €	-6.2%	32,1 k €	-12.8%	36,8 k €	+1244%	2,7 k €	-95.3%	58,2 k €	+95.1%	29,8 k €	-58.9%	72,4 k €	+230%	22 k €	-75.9%	91,1 k €	-81.7%	498,4 k €
Debts	1,3 M €	-21.7%	1,7 M €	+48.3%	1,1 M €	+30.8%	857,8 k €	+72.9%	496,2 k €	+71.9%	288,7 k €	-12.9%	331,6 k €	-49.0%	649,8 k €	+18.2%	549,8 k €	-70.3%	1,8 M €	+77.7%	1 M €	-14.9%	1,2 M €	+38.4%	882,8 k €	+549%	136 k €	+264%	37,4 k €	-84.8%	245,7 k €	-57.0%	571,8 k €	-65.2%	1,6 M €	+25.8%	1,3 M €	-20.1%	1,6 M €
Other
Workforce	2,4 ETP	-20.0%	3,0 ETP	-36.2%	4,7 ETP	-28.8%	6,6 ETP		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP		–		–		4,0 ETP	-11.1%	4,5 ETP	-30.8%	6,5 ETP	0.0%	6,5 ETP	+16.1%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

D.C.V.E. Solutions

Director · 0843.245.447

Represented by Johan De Clippeleir

Active

Hugo Vandormael

Director

Active

Tony Vanswijgenhoven

Managing director

Active

Ended mandates

Hugo Vandormael

Director · since 05 septembre 2024

Ended

Tony Vanswijgenhoven

Managing director · since 01 février 2018

Ended

D.C.V.E. Solutions

Director · since 22 avril 2017 · 0843.245.447

Represented by Johan De Clippeleir

Ended

VANSWIJGENHOVEN BVBA

Managing director · since 23 décembre 2005 · 0470.845.423

Ended

At this address

Other companies at this address

Company	CBE no.
Covess Production● Active	0474.406.610
First Belgian Investments● Active	0454.411.445

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	31/08/2026	12/08/2025	28/08/2024	17/07/2023	30/09/2022	19/08/2021
General meeting	25/06/2026	05/06/2025	06/06/2024	01/06/2023	30/06/2022	30/06/2021
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	25/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	12/08/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	30/09/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	19/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	27/10/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	09/10/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	10/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/04/2016	26/04/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	26/09/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/11/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	11/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	17/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

D.C.V.E. Solutions

Director · 0843.245.447

Represented by Johan De Clippeleir

Active

Hugo Vandormael

Director

Active

Tony Vanswijgenhoven

Managing director

Active

Ended mandates

Hugo Vandormael

Director · since 05 septembre 2024

Ended

Tony Vanswijgenhoven

Managing director · since 01 février 2018

Ended

D.C.V.E. Solutions

Director · since 22 avril 2017 · 0843.245.447

Represented by Johan De Clippeleir

Ended

VANSWIJGENHOVEN BVBA

Managing director · since 23 décembre 2005 · 0470.845.423

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/08/2026
Benoeming bijkomend bestuurder
PDF
Mandates20/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office21/04/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/10/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/02/2018
KAPITAAL - AANDELEN
PDF
Mandates16/05/2017
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

2025
Annual accounts 2025-987,3 k €↓
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 202345,1 k €↓
2022
Annual accounts 2022108,8 k €↓
2021
Annual accounts 2021508,9 k €↑
2020
Annual accounts 2020467,7 k €↑
2019
Annual accounts 2019128,7 k €↑
2018
Annual accounts 2018-193,9 k €↑
2017
Annual accounts 2017-273,9 k €↑
2016
Annual accounts 2016-644 k €↓
2015
Annual accounts 2015695,2 k €↑
2014
Annual accounts 2014-429,2 k €↑
2013
Annual accounts 2013-625,7 k €↓
2012
Annual accounts 2012-396 k €↓
2011
Annual accounts 2011-349,8 k €↓
2010
Annual accounts 2010206,5 k €↓
2009
Annual accounts 2009926,9 k €↑
2008
Annual accounts 2008-234,6 k €↑
2007
Annual accounts 2007-671,2 k €↑
2006
Annual accounts 2006-839,4 k €
24/04/2001
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

COVESS

Overview

What does COVESS do?

Trend over 20 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