ACTIVE

COVERTO

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Financial year 2025 · closed on 30/06/2025
Net result
153 k €
+30.1% YoY
Gross margin
323,4 k €
+31.4% YoY
Equity
80,3 k €
-22.3% YoY

What does COVERTO do?

COVERTO is a Private limited company incorporated in 2016. Its main activity is: Development of building projects. Its registered office is in Kruisem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0655.876.485
Incorporation
02/06/2016
Legal form
Private limited company
Registered office
Industriezone(KRU) 28B
9770 Kruisem · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
30/06/2025
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy41001Construction of buildings41102Development of building projects+4
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin323,4 k €246,2 k €204,8 k €231,3 k €109,9 k €37,3 k €-8 k €1,8 k €32,4 k €
EBITDA247,5 k €198,2 k €167,1 k €195,2 k €94,9 k €36,1 k €-9,2 k €276,8 €30,1 k €
Operating result204,6 k €155,7 k €147,3 k €176,5 k €83,4 k €30,2 k €-12,6 k €-2,8 k €29,3 k €
Net result153 k €117,6 k €112,4 k €135,8 k €59,9 k €23 k €-14,2 k €-3,6 k €19,9 k €
Balance sheet
Equity80,3 k €103,3 k €103,3 k €103,5 k €97,4 k €37,4 k €14,4 k €28,7 k €32,3 k €
Total assets449,7 k €348,6 k €357,4 k €274,8 k €160,2 k €80,3 k €49,3 k €59,9 k €48,8 k €
Cash230,5 k €117 k €130,7 k €167,7 k €71,9 k €42,4 k €16,1 k €12 k €34,6 k €
Debts369,4 k €245,2 k €254,1 k €171,2 k €62,9 k €42,9 k €34,9 k €31,2 k €15,2 k €
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 30/06/2025 · 1 active · 2 ended

Active mandates

Fréderik Belin

Director

Active

Ended mandates

Fréderik Belin

Administrator - manager · since 02 juin 2016

Ended
Fréderik Belin

Manager · since 02 juin 2016

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/12/202523/12/202426/01/202419/01/202314/01/202207/01/2021
General meeting19/12/202520/12/202415/12/202316/12/202217/12/202118/12/2020
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/06/202519/12/202522/12/2025DutchPDF
Micro model30/06/202420/12/202423/12/2024DutchPDF
Micro model30/06/202315/12/202326/01/2024DutchPDF
Micro model30/06/202216/12/202219/01/2023DutchPDF
Micro model30/06/202117/12/202114/01/2022DutchPDF
Micro model30/06/202018/12/202007/01/2021DutchPDF
Micro model30/06/201920/12/201930/01/2020DutchPDF
Micro model30/06/201821/12/201814/01/2019DutchPDF
Abridged model30/06/201715/12/201705/01/2018DutchPDF
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 30/06/2025 · 1 active · 2 ended

Active mandates

Fréderik Belin

Director

Active

Ended mandates

Fréderik Belin

Administrator - manager · since 02 juin 2016

Ended
Fréderik Belin

Manager · since 02 juin 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office15/03/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL
    PDF
  • Other06/06/2016
    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 2025153 k €↑
  2. 2024
    Annual accounts 2024117,6 k €↑
  3. 2023
    Annual accounts 2023112,4 k €↓
  4. 2022
    Annual accounts 2022135,8 k €↑
  5. 2021
    Annual accounts 202159,9 k €↑
  6. 2020
    Annual accounts 202023 k €↑
  7. 2019
    Annual accounts 2019-14,2 k €↓
  8. 2018
    Annual accounts 2018-3,6 k €↓
  9. 2017
    Annual accounts 201719,9 k €
  10. 02/06/2016
    IncorporationPrivate limited company