ACTIVE

Covalens

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Financial year 2025 · closed on 31/12/2025

Net result

415,8 k €

-33.9% YoY

Revenue

7,2 M €

-22.1% YoY

Equity

1,1 M €

+61.6% YoY

Workforce

1,0 ETP

What does Covalens do?

Covalens is a Public limited company incorporated in 2017. Its main activity is: Computer consultancy activities. Its registered office is in Kontich. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0677.419.096

Incorporation

21/06/2017

Legal form

Public limited company

Registered office

Prins Boudewijnlaan 24C
2550 Kontich · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Revenue	7,2 M €	-22.1%	9,3 M €	+29.2%	7,2 M €	+8.1%	6,7 M €	+21.7%	5,5 M €	+49.4%	3,7 M €	+57.9%	2,3 M €	+323%	548 k €
EBITDA	572 k €	-16.2%	682,4 k €	+222%	-559,6 k €	-316%	258,9 k €	-1.6%	263 k €	+44.9%	181,5 k €	+82.7%	99,3 k €	+124%	-416,2 k €
Operating result	551,7 k €	-16.6%	661,7 k €	+214%	-580,8 k €	-344%	237,8 k €	-3.9%	247,4 k €	+25.9%	196,5 k €	+136%	83,4 k €	+120%	-419,4 k €
Net result	415,8 k €	-33.9%	628,9 k €	+192%	-681,7 k €	-440%	200,6 k €	-12.8%	230 k €	+31.0%	175,6 k €	+300%	43,9 k €	+110%	-422,2 k €
Balance sheet
Equity	1,1 M €	+61.6%	675,1 k €	+1361%	46,2 k €	-93.6%	727,9 k €	+38.0%	527,3 k €	+77.4%	297,3 k €	+144%	121,7 k €	+56.4%	77,8 k €
Total assets	2,1 M €	-29.7%	3,1 M €	+38.6%	2,2 M €	+9.3%	2 M €	+4.8%	1,9 M €	+35.9%	1,4 M €	-23.7%	1,9 M €	+126%	818,9 k €
Cash	5,6 k €	+11.9%	5 k €	-0.2%	5 k €	-9.8%	5,5 k €	-47.5%	10,6 k €	+5.6%	10 k €	-0.3%	10 k €	-0.2%	10,1 k €
Debts	974 k €	-56.6%	2,2 M €	+6.2%	2,1 M €	+67.0%	1,3 M €	-6.1%	1,3 M €	+23.8%	1,1 M €	-35.8%	1,7 M €	+129%	741,1 k €
Other
Workforce	1,0 ETP		–		1,0 ETP	0.0%	1,0 ETP	+42.9%	0,7 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

De Cronos Groep

Director · since 04 août 2023 · until 18 juin 2029 · 0467.132.994

Represented by Dirk Deroost

Active

Josephus de Wit

Director · since 04 août 2023 · until 18 juin 2029

Active

Peter Hellemans

Director · since 04 août 2023 · until 18 juin 2029

Active

Ended mandates

De Cronos Groep

Director · since 20 juin 2017 · until 19 juin 2023 · 0467.132.994

Represented by Dirk Deroost

Ended

De Cronos Groep

Director · since 20 juin 2017 · until 03 août 2023 · 0467.132.994

Represented by Dirk Deroost

Ended

Dirk Deroost

Director · since 20 juin 2017 · until 19 juin 2023

Ended

Josephus de Wit

Director · since 20 juin 2017 · until 19 juin 2023

Ended

At this address

Other companies at this address

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ANENKO VASTGOED● Bankrupt	0462.135.120
Cornerstones● Bankrupt	0443.899.714
CORNERSTONES DEVELOPMENT● Bankrupt	0890.422.485
FinBeez● Active	0670.824.680
Honeycomb● Active	0779.395.988
PRAGMANI● Active	0451.667.632
R-VARING● Active	0430.385.832

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	24/08/2026	07/07/2025	22/08/2024	24/08/2023	23/08/2022	12/07/2021
General meeting	02/07/2026	16/06/2025	24/06/2024	03/08/2023	09/08/2022	21/06/2021
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/07/2026	24/08/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	22/08/2024	Dutch	PDF
Abridged model	31/12/2022	03/08/2023	24/08/2023	Dutch	PDF
Abridged model	31/12/2021	09/08/2022	23/08/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	12/07/2021	Dutch	PDF
Abridged model	31/12/2019	28/09/2020	15/10/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	08/07/2019	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 7 ended

Active mandates

De Cronos Groep

Director · since 04 août 2023 · until 18 juin 2029 · 0467.132.994

Represented by Dirk Deroost

Active

Josephus de Wit

Director · since 04 août 2023 · until 18 juin 2029

Active

Peter Hellemans

Director · since 04 août 2023 · until 18 juin 2029

Active

Ended mandates

De Cronos Groep

Director · since 20 juin 2017 · until 19 juin 2023 · 0467.132.994

Represented by Dirk Deroost

Ended

De Cronos Groep

Director · since 20 juin 2017 · until 03 août 2023 · 0467.132.994

Represented by Dirk Deroost

Ended

Dirk Deroost

Director · since 20 juin 2017 · until 19 juin 2023

Ended

Josephus de Wit

Director · since 20 juin 2017 · until 19 juin 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office18/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Mandates15/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other23/06/2017
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

2025
Annual accounts 2025415,8 k €↓
2025
Name changeCovalens
2024
Annual accounts 2024628,9 k €↑
2023
Annual accounts 2023-681,7 k €↓
2022
Annual accounts 2022200,6 k €↓
2021
Annual accounts 2021230 k €↑
2020
Annual accounts 2020175,6 k €↑
2019
Annual accounts 201943,9 k €↑
2018
Annual accounts 2018-422,2 k €
2018
Name changeCronos DMS
21/06/2017
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

Covalens

Overview

What does Covalens do?

Trend over 8 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