ACTIVE

COVELAN

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Financial year 2025 · closed on 30/09/2025
Net result
37,8 k €
-0.5% YoY
Gross margin
98,4 k €
+12.5% YoY
Equity
553,7 k €
+7.3% YoY

What does COVELAN do?

COVELAN is a Private limited company incorporated in 2014. Its main activity is: Raising of horses and other equines. Its registered office is in Vleteren.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0506.926.354
Incorporation
17/12/2014
Legal form
Private limited company
Registered office
Pottestraat(West) 16
8640 Vleteren · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
01430Raising of horses and other equines· main01430Raising of horses and other equines64200Activities of holding companies64210Activities of holding companies70200Management consultancy activities70210Public relations and communication activities+2
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220202019201820172016
Income statement
Gross margin98,4 k €87,5 k €51,8 k €310,3 k €44,6 k €89,6 k €87,9 k €55,7 k €146,2 k €
EBITDA95,6 k €84,9 k €49,6 k €305,6 k €42,5 k €90,9 k €85,7 k €54,7 k €138,4 k €
Operating result87,1 k €75,4 k €37,9 k €296,9 k €35,4 k €88,2 k €83,5 k €53 k €134,3 k €
Net result37,8 k €38 k €15,4 k €208,2 k €14,2 k €48,7 k €45 k €26,5 k €83 k €
Balance sheet
Equity553,7 k €515,9 k €477,9 k €462,5 k €237,4 k €223,2 k €174,4 k €129,5 k €103 k €
Total assets1,2 M €1,1 M €1,1 M €1,2 M €878,6 k €851,3 k €828,4 k €783,7 k €777,3 k €
Cash451,3 k €130,9 k €390,5 k €81,3 k €56,9 k €114,2 k €79,9 k €66,5 k €99,1 k €
Debts608,4 k €577,4 k €634 k €679,9 k €631,2 k €618,2 k €649 k €649,3 k €669,4 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 30/09/2025 · 2 active · 8 ended

Active mandates

Dries Covemacker

Director · since 30 mai 2023

Active
Lieslot Lannoye

Director · since 30 mai 2023

Active

Ended mandates

LIESLOT LANNOY

Director · since 01 octobre 2017

Ended
LIESLOT LANNOY

Manager · since 01 octobre 2017

Ended
Lieslot Lannoye

Director · since 01 octobre 2017

Ended
Lieslot Lannoye

Administrator - manager · since 01 octobre 2017

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/12/202508/01/202529/03/202414/03/202323/02/202230/04/2021
General meeting13/12/202510/12/202409/03/202411/02/202312/02/202227/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202513/12/202523/12/2025DutchPDF
Abridged model30/09/202410/12/202408/01/2025DutchPDF
Abridged model30/09/202309/03/202429/03/2024DutchPDF
Abridged model30/09/202211/02/202314/03/2023DutchPDF
Abridged model30/09/202112/02/202223/02/2022DutchPDF
Micro model30/09/202027/03/202130/04/2021DutchPDF
Micro model30/09/201908/02/202025/05/2020DutchPDF
Micro model30/09/201809/02/201912/04/2019DutchPDF
Micro model30/09/201710/02/201828/02/2018DutchPDF
Abridged model30/09/201611/02/201703/04/2017DutchPDF
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 30/09/2025 · 2 active · 8 ended

Active mandates

Dries Covemacker

Director · since 30 mai 2023

Active
Lieslot Lannoye

Director · since 30 mai 2023

Active

Ended mandates

LIESLOT LANNOY

Director · since 01 octobre 2017

Ended
LIESLOT LANNOY

Manager · since 01 octobre 2017

Ended
Lieslot Lannoye

Director · since 01 octobre 2017

Ended
Lieslot Lannoye

Administrator - manager · since 01 octobre 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/12/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202537,8 k €↓
  2. 2024
    Annual accounts 202438 k €↑
  3. 2023
    Annual accounts 202315,4 k €↓
  4. 2022
    Annual accounts 2022208,2 k €↑
  5. 2020
    Annual accounts 202014,2 k €↓
  6. 2019
    Annual accounts 201948,7 k €↑
  7. 2018
    Annual accounts 201845 k €↑
  8. 2017
    Annual accounts 201726,5 k €↓
  9. 2016
    Annual accounts 201683 k €
  10. 17/12/2014
    IncorporationPrivate limited company