ACTIVE

COVARMED FARMA

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Financial year 2025 · Closed on 30/09/2025

Net result309,6 k €+60,4 %over 1 year

Gross margin525,2 k €+47,4 %over 1 year

Equity1,1 M €+16,8 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

COVARMED FARMA is a Private limited company incorporated in 2011. Its main activity is: Manufacture of medical and dental instruments and supplies. Its registered office is in Kortrijk. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0835.154.657
Incorporation: 30/03/2011
Legal form: Private limited company
Registered office: Doenaertstraat(Mar) 11
8510 Kortrijk · FlandreSee on map
Contributed capital: 100 750,00 €
Latest accounts: 30/09/2025
Average workforce: 1,0 ETP

Activities (NACE)

32500Manufacture of medical and dental instruments and supplies· main 32500Manufacture of medical and dental instruments and supplies 47730Dispensing chemist in specialised stores 47730Dispensing chemist in specialised stores 46460Wholesale of pharmaceutical goods 46460Wholesale of pharmaceutical goods+2

Joint committees (5)

100
200
218
313
31300

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 14 filings

Trend over 13 financial years

	2025		2024		2023		2022		2020
Income statement
Gross margin	525,2 k €	+47.4%	356,3 k €	-13.4%	411,6 k €	-58.5%	991,7 k €	+2.9%	963,5 k €
EBITDA	416,4 k €	+60.1%	260,2 k €	-19.0%	321,4 k €	-64.7%	910,3 k €	+3.3%	881 k €
Operating result	413,4 k €	+61.1%	256,5 k €	-18.4%	314,5 k €	-65.1%	900,3 k €	+6.9%	841,8 k €
Net result	309,6 k €	+60.4%	193 k €	-16.3%	230,7 k €	-68.6%	735,4 k €	-10.1%	817,7 k €
Balance sheet
Equity	1,1 M €	+16.8%	949,3 k €	+4.7%	906,3 k €	+9.8%	825,5 k €	+71.2%	482,3 k €
Total assets	1,7 M €	-8.7%	1,8 M €	+37.1%	1,3 M €	-27.9%	1,9 M €	+20.7%	1,6 M €
Cash	236,1 k €	+26.2%	187,1 k €	+28.2%	146 k €	-71.9%	520,1 k €	+34.9%	385,7 k €
Debts	579,2 k €	-35.3%	895,8 k €	+102%	442,9 k €	-57.7%	1 M €	-0.7%	1,1 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marketrading0836.207.009Represented by Nicolas Vanniewenhuyze	Managing director02/05/2022 → 12/03/2027
Trihold0773.345.168Represented by Koen Verhelst	Directorsince 13/09/2021
Corporalis0895.281.294Represented by Karel Voet	Managing directorsince 07/12/2017Director07/12/2017 → 2021 accountsendedManager07/12/2017 → 2018 accountsended
Curafin0685.619.457Represented by Dominic Flament	Managing directorsince 07/12/2017Director07/12/2017 → 2021 accountsendedManager07/12/2017 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SODOFIN0882.466.507Represented by Dominic Flament	Manager26/09/2013 → 2015 accounts
Dominic Flament	Manager31/03/2011 → 2014 accounts

Other companies at this address

Doenaertstraat(Mar) 11 8510 Kortrijk

Company	CBE no.
Covarmed● Active	0673.533.455
Curafin● Active	0685.619.457
GROEP TRIHOLD● Active	0650.699.160
Trihold● Active	0773.345.168

Full financial information

Source · NBB

	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	20/12/2023	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	13/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	10/01/2025	27/01/2025	Dutch	PDF
Abridged model	30/09/2023	20/12/2023	15/04/2024	Dutch	PDF
Abridged model	30/09/2022	10/03/2023	21/03/2023	Dutch	PDF
Abridged model	30/09/2021	14/01/2022	25/01/2022	Dutch	PDF
Abridged model	30/09/2020	12/03/2021	21/04/2021	Dutch	PDF
Abridged model	30/09/2019	13/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	08/03/2019	11/03/2019	Dutch	PDF
Abridged model	30/09/2017	09/03/2018	15/03/2018	Dutch	PDF
Abridged model	30/09/2016	10/03/2017	27/04/2017	Dutch	PDF
Abridged model	30/09/2015	11/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	13/03/2015	02/04/2015	Dutch	PDF
Abridged model	30/09/2013	14/03/2014	14/04/2014	Dutch	PDF
Abridged model	30/09/2012	08/03/2013	10/04/2013	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marketrading0836.207.009Represented by Nicolas Vanniewenhuyze	Managing director02/05/2022 → 12/03/2027
Trihold0773.345.168Represented by Koen Verhelst	Directorsince 13/09/2021
Corporalis0895.281.294Represented by Karel Voet	Managing directorsince 07/12/2017Director07/12/2017 → 2021 accountsendedManager07/12/2017 → 2018 accountsended
Curafin0685.619.457Represented by Dominic Flament	Managing directorsince 07/12/2017Director07/12/2017 → 2021 accountsendedManager07/12/2017 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SODOFIN0882.466.507Represented by Dominic Flament	Manager26/09/2013 → 2015 accounts
Dominic Flament	Manager31/03/2011 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other15/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates15/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other07/04/2017
Statutenwijziging
PDF
Registered office26/08/2016
Verplaatsing maatschappelijke zetel en inrichting handelswerkzaamheid
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

Marketrading

Trihold

Curafin

Corporalis

SODOFIN

Dominic Flament

20112012201320142015201620172018201920202021202220232024202520262027

COVARMED FARMA

Doenaertstraat(Mar) 11, 8510 Marke

Managing director

Director

Managing directorDirector

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Doenaertstraat(Mar) 11, 8510 MarkeCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00097604

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
COVARMED FARMACurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00097604

Events

2025
Annual accounts 2025309,6 k €↑
2024
Annual accounts 2024193 k €↓
2023
Annual accounts 2023230,7 k €↓
2022
Annual accounts 2022735,4 k €↓
2020
Annual accounts 2020817,7 k €↑
2019
Annual accounts 2019508,8 k €↑
2018
Annual accounts 201896,2 k €↓
2017
Annual accounts 2017448,8 k €↑
2016
Annual accounts 2016347,7 k €↑
2015
Annual accounts 2015120,4 k €↓
2014
Annual accounts 2014122,6 k €↑
2013
Annual accounts 201386,1 k €↑
2012
Annual accounts 20121,2 k €
30/03/2011
IncorporationPrivate limited company

COVARMED FARMA

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events