ACTIVE

BeCOVER

Financial year 2025 · closed on 31/12/2025
Net result
401,3 k €
+40.7% YoY
Gross margin
351,1 k €
+63.4% YoY
Equity
54,2 M €
+0.7% YoY
Workforce
2,0 ETP

What does BeCOVER do?

BeCOVER is a Public limited company incorporated in 2021. Its main activity is: Technical testing and analysis. Its registered office is in Herstal. It employs on average 2,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0768.934.341
Incorporation
01/06/2021
Legal form
Public limited company
Registered office
Rue du Fond des Fourches 23 box A
4041 Herstal · WallonieSee on map
Contributed capital
50 000 000,00 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Joint committees (2)
  • 0
  • 209
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin351,1 k €214,9 k €-57,1 k €-64,9 k €-4,5 k €
EBITDA-5,1 k €-56,5 k €-58,2 k €-65,4 k €-4,8 k €
Operating result-51,8 k €-74,8 k €-60,4 k €-66,9 k €-5,7 k €
Net result401,3 k €285,3 k €65,1 k €-69 k €-39,9 k €
Balance sheet
Equity54,2 M €53,8 M €43,7 M €19,9 M €20 M €
Total assets62,7 M €62,7 M €43,7 M €20 M €20 M €
Cash1,7 M €986 k €991,5 k €199,2 k €206,2 k €
Debts5,2 M €8,9 M €3,2 k €61,3 k €
Other
Workforce2,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 8 ended

Active mandates

Wallonie Entreprendre

Director · since 03 mai 2025 · until 03 mai 2027 · 0793.630.244

Represented by Olivier VANDERIJST

Active
François LEPOT

Director · since 02 juin 2024 · until 03 mai 2028

Active
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 02 juin 2024 · until 03 mai 2028 · 0253.445.063

Represented by Denis RONDAY

Active
SPARAXIS

Chairman of the board of directors · since 02 juin 2024 · until 03 mai 2028 · 0452.116.307

Represented by Sarah Krins

Active

Ended mandates

François LEPOT

Director · since 02 juin 2024 · until 05 mai 2027

Ended
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 02 juin 2024 · until 05 mai 2027 · 0253.445.063

Represented by Denis RONDAY

Ended
SPARAXIS

Chairman of the board of directors · since 02 juin 2024 · until 05 mai 2027 · 0452.116.307

Represented by Sarah Krins

Ended
Wallonie Entreprendre

Director · since 02 juin 2024 · until 05 mai 2027 · 0793.630.244

Represented by Olivier VANDERIJST

Ended
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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/06/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months7 months
Filing date29/06/202610/06/202512/07/202408/06/202307/07/2022
General meeting06/05/202607/05/202517/06/202403/05/202304/05/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202506/05/202629/06/2026FrenchPDF
Abridged model31/12/202407/05/202510/06/2025FrenchPDF
Abridged model31/12/202317/06/202412/07/2024FrenchPDF
Abridged model31/12/202203/05/202308/06/2023FrenchPDF
Abridged model31/12/202104/05/202207/07/2022FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 4 active · 8 ended

Active mandates

Wallonie Entreprendre

Director · since 03 mai 2025 · until 03 mai 2027 · 0793.630.244

Represented by Olivier VANDERIJST

Active
François LEPOT

Director · since 02 juin 2024 · until 03 mai 2028

Active
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 02 juin 2024 · until 03 mai 2028 · 0253.445.063

Represented by Denis RONDAY

Active
SPARAXIS

Chairman of the board of directors · since 02 juin 2024 · until 03 mai 2028 · 0452.116.307

Represented by Sarah Krins

Active

Ended mandates

François LEPOT

Director · since 02 juin 2024 · until 05 mai 2027

Ended
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 02 juin 2024 · until 05 mai 2027 · 0253.445.063

Represented by Denis RONDAY

Ended
SPARAXIS

Chairman of the board of directors · since 02 juin 2024 · until 05 mai 2027 · 0452.116.307

Represented by Sarah Krins

Ended
Wallonie Entreprendre

Director · since 02 juin 2024 · until 05 mai 2027 · 0793.630.244

Represented by Olivier VANDERIJST

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/02/2025
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/01/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other03/06/2021
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025401,3 k €
  2. 2024
    Annual accounts 2024285,3 k €
  3. 17/06/2024
    nominationOlivier VANDERIJST — Administrateur (représentant permanent de S.A. WALLONIE ENTREPRENDRE)
  4. 2023
    Annual accounts 202365,1 k €
  5. 2022
    Annual accounts 2022-69 k €
  6. 12/09/2022
    nominationOlivier SERVAIS — CEO (délégation à la gestion journalière et représentation)
  7. 16/03/2022
    nominationSarah KRINS — Présidente du Conseil d'administration
  8. 2021
    Annual accounts 2021-39,9 k €
  9. 01/06/2021
    IncorporationPublic limited company