Covarmed
0673.533.455 · rovalta.com · 23/09/2026
ACTIVE
Covarmed
Financial year 2025 · closed on 30/09/2025
Net result
784,7 k €
-25.4% YoY
Gross margin
1,9 M €
-6.1% YoY
Equity
3,1 M €
+6.3% YoY
Workforce
15,6 ETP
+14.7% YoY
Overview
What does Covarmed do?
Covarmed is a Private limited company incorporated in 2017. Its registered office is in Kortrijk. It employs on average 15,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0673.533.455
Incorporation
07/03/2017
Legal form
Private limited company
Registered office
Doenaertstraat(Mar) 11
8510 Kortrijk · FlandreSee on map
8510 Kortrijk · FlandreSee on map
Contributed capital
40 800,00 €
Latest accounts
30/09/2025
Average workforce
15,6 ETP
Joint committees (4)
- 100
- 10000
- 200
- 20000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 7 financial years
| 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||
| Gross margin | 1,9 M € | -6.1% | 2,1 M € | +16.2% | 1,8 M € | -7.7% | 1,9 M € | -28.1% | 2,7 M € | +148% | 1,1 M € | -13.1% | 1,2 M € |
| EBITDA | 1,1 M € | -20.0% | 1,4 M € | +18.4% | 1,2 M € | -17.7% | 1,4 M € | -40.1% | 2,3 M € | +213% | 748,1 k € | -17.1% | 902,8 k € |
| Operating result | 983 k € | -24.3% | 1,3 M € | +16.4% | 1,1 M € | -17.9% | 1,4 M € | -40.5% | 2,3 M € | +234% | 683,9 k € | -13.4% | 790 k € |
| Net result | 784,7 k € | -25.4% | 1,1 M € | +17.5% | 894,5 k € | -23.4% | 1,2 M € | -35.4% | 1,8 M € | +167% | 677,7 k € | -10.1% | 754 k € |
| Balance sheet | |||||||||||||
| Equity | 3,1 M € | +6.3% | 2,9 M € | +18.2% | 2,5 M € | +13.5% | 2,2 M € | +70.3% | 1,3 M € | +945% | 122,4 k € | +29.2% | 94,8 k € |
| Total assets | 4,9 M € | -1.6% | 5 M € | +6.0% | 4,7 M € | -4.8% | 5 M € | +93.6% | 2,6 M € | +121% | 1,2 M € | +24.9% | 928,3 k € |
| Cash | 1,3 M € | +269% | 359,1 k € | +30.5% | 275,2 k € | -63.6% | 757,2 k € | -45.3% | 1,4 M € | +642% | 186,6 k € | -2.5% | 191,3 k € |
| Debts | 1,8 M € | -12.8% | 2,1 M € | -7.5% | 2,3 M € | -19.1% | 2,8 M € | +117% | 1,3 M € | +24.1% | 1 M € | +25.2% | 827,9 k € |
| Other | |||||||||||||
| Workforce | 15,6 ETP | +14.7% | 13,6 ETP | -1.4% | 13,8 ETP | +15.0% | 12,0 ETP | +25.0% | 9,6 ETP | +5.5% | 9,1 ETP | +37.9% | 6,6 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 4 active · 9 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
COVARMED FARMA● Active | 0835.154.657 |
Curafin● Active | 0685.619.457 |
GROEP TRIHOLD● Active | 0650.699.160 |
Trihold● Active | 0773.345.168 |
Financials
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 | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 30/04/2026 | 27/01/2025 | 15/04/2024 | 21/03/2023 | 25/01/2022 | 21/04/2021 |
| General meeting | 13/03/2026 | 10/01/2025 | 08/03/2024 | 10/03/2023 | 14/01/2022 | 12/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
8 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 13/03/2026 | 30/04/2026 | Dutch | |
| Abridged model | 30/09/2024 | 10/01/2025 | 27/01/2025 | Dutch | |
| Abridged model | 30/09/2023 | 08/03/2024 | 15/04/2024 | Dutch | |
| Abridged model | 30/09/2022 | 10/03/2023 | 21/03/2023 | Dutch | |
| Abridged model | 30/09/2021 | 14/01/2022 | 25/01/2022 | Dutch | |
| Abridged model | 30/09/2020 | 12/03/2021 | 21/04/2021 | Dutch | |
| Abridged model | 30/09/2019 | 13/03/2020 | 27/04/2020 | Dutch | |
| Abridged model | 30/09/2018 | 08/03/2019 | 11/03/2019 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 4 active · 9 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other14/07/2026DIVERSEN
- Mandates20/05/2026ONTSLAGEN - BENOEMINGEN
- Other15/10/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
- Mandates12/08/2022ONTSLAGEN - BENOEMINGEN
- Mandates05/01/2022ONTSLAGEN - BENOEMINGEN
- Mandates31/01/2018ONTSLAGEN - BENOEMINGEN
- Other07/04/2017RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025784,7 k €↓
- 2024Annual accounts 20241,1 M €↑
- 2023Annual accounts 2023894,5 k €↓
- 2022Annual accounts 20221,2 M €↓
- 2020Annual accounts 20201,8 M €↑
- 2019Annual accounts 2019677,7 k €↓
- 2018Annual accounts 2018754 k €
- 07/03/2017IncorporationPrivate limited company