ACTIVE

COVERCO

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Financial year 2025 · Closed on 30/06/2025

Net result15,1 M €+2 496,6 %over 1 year

Gross margin1,4 M €-19,5 %over 1 year

Equity19,2 M €+191,7 %over 1 year

Workforce1,7 ETP-69,6 %over 1 year

Identity

Source · BCE/KBO

COVERCO is a Public limited company incorporated in 2003. Its main activity is: Activities of holding companies. Its registered office is in Balen. It employs on average 1,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0479.805.352
Incorporation: 19/03/2003
Legal form: Public limited company
Registered office: Graanstraat 19
2490 Balen · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 30/06/2025
Average workforce: 1,7 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70203Management consultancy activities 74151Specialised design activities+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,4 M €	-19.5%	1,7 M €	-80.5%	8,7 M €	+1589%	513,5 k €	+7.2%	479,1 k €
EBITDA	1,2 M €	-5.6%	1,3 M €	-84.2%	8,3 M €	+5229%	155,3 k €	+13.9%	136,3 k €
Operating result	-160,2 k €	-108%	-77 k €	-101%	8 M €	+7442%	106,4 k €	+19.2%	89,3 k €
Net result	15,1 M €	+2497%	-631,7 k €	-112%	5,1 M €	+20518%	25 k €	-59.1%	61 k €
Balance sheet
Equity	19,2 M €	+192%	6,6 M €	-8.8%	7,2 M €	+251%	2,1 M €	+1.2%	2 M €
Total assets	38,6 M €	+49.6%	25,8 M €	-16.0%	30,7 M €	+230%	9,3 M €	+137%	3,9 M €
Cash	17,9 M €	+516%	2,9 M €	-35.3%	4,5 M €	+542%	699,4 k €	+162%	267,4 k €
Debts	17,6 M €	+2.0%	17,2 M €	-19.4%	21,4 M €	+202%	7,1 M €	+318%	1,7 M €
Other
Workforce	1,7 ETP	-69.6%	5,6 ETP	-15.2%	6,6 ETP	-2.9%	6,8 ETP	0.0%	6,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2023

3 active · 4 ended

Last known composition, from the accounts closed on 30/06/2023, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Guido Convens	Managing director16/12/2016 → 16/12/2022Director16/12/2016 → 2018 accountsendedManager2008 accountsended
Luc Convens	Managing director16/12/2016 → 16/12/2022Director16/12/2016 → 2018 accountsendedManager2008 accountsended
LUDO JOZEF CONVENS	Director16/12/2016 → 16/12/2022

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ludo Convens	Director16/12/2016 → 2018 accounts
Frans Convens	Director2010 accountsManager2008 accounts

Other companies at this address

Graanstraat 19 2490 Balen

Company	CBE no.
CONVENS● Active	0458.288.178
CONVENS-VERBRAEKEN● Active	0728.433.376

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/02/2026	30/01/2025	04/03/2024	31/01/2023	31/01/2022	05/02/2021
General meeting	31/01/2026	20/01/2025	25/02/2024	20/01/2023	20/01/2022	30/01/2021
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, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	31/01/2026	27/02/2026	Dutch	PDF
Abridged model	30/06/2024	20/01/2025	30/01/2025	Dutch	PDF
Abridged model	30/06/2023	25/02/2024	04/03/2024	Dutch	PDF
Abridged model	30/06/2022	20/01/2023	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	20/01/2022	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	30/01/2021	05/02/2021	Dutch	PDF
Abridged model	30/06/2019	15/01/2020	16/01/2020	Dutch	PDF
Full model	30/06/2018	21/12/2018	30/01/2019	Dutch	PDF
Full model	30/06/2017	15/12/2017	31/01/2018	Dutch	PDF
Full model	30/06/2016	16/12/2016	30/01/2017	Dutch	PDF
Full model	30/06/2015	18/12/2015	15/01/2016	Dutch	PDF
Full model	31/12/2013	06/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	30/09/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	03/06/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/08/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	19/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/06/2023

3 active · 4 ended

Last known composition, from the accounts closed on 30/06/2023, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Guido Convens	Managing director16/12/2016 → 16/12/2022Director16/12/2016 → 2018 accountsendedManager2008 accountsended
Luc Convens	Managing director16/12/2016 → 16/12/2022Director16/12/2016 → 2018 accountsendedManager2008 accountsended
LUDO JOZEF CONVENS	Director16/12/2016 → 16/12/2022

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ludo Convens	Director16/12/2016 → 2018 accounts
Frans Convens	Director2010 accountsManager2008 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares07/01/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates27/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other12/01/2015
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office31/03/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/03/2011
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/07/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/01/2005
WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

Luc Convens

Guido Convens

LUDO JOZEF CONVENS

Ludo Convens

MARIA CONVENS

Frans Convens

Irma Verbraeken

200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

COVERCO

Graanstraat 19, 2490 Balen

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Graanstraat 19, 2490 BalenCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00045090

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
COVERCOCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00045090

Events

2025
Annual accounts 202515,1 M €↑
2024
Annual accounts 2024-631,7 k €↓
2023
Annual accounts 20235,1 M €↑
2022
Annual accounts 202225 k €↓
2021
Annual accounts 202161 k €↓
2020
Annual accounts 2020167,1 k €↑
2019
Annual accounts 2019-750 k €↓
2018
Annual accounts 2018110,6 k €↓
2017
Annual accounts 2017133 k €↑
2016
Annual accounts 2016-119,8 k €↑
2015
Annual accounts 2015-281,7 k €↓
2013
Annual accounts 2013195,9 k €↓
2012
Annual accounts 2012240 k €↑
2011
Annual accounts 2011122,7 k €↓
2010
Annual accounts 2010129,6 k €↑
2009
Annual accounts 200946,7 k €↑
2008
Annual accounts 200829,4 k €↓
2007
Annual accounts 2007224,6 k €↑
2006
Annual accounts 2006-35,3 k €
19/03/2003
IncorporationPublic limited company

COVERCO

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