ACTIVE

KOVADO

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Financial year 2025 · closed on 31/12/2025

Net result

131,3 k €

-19.1% YoY

Gross margin

171,6 k €

-6.3% YoY

Equity

960,8 k €

+15.8% YoY

What does KOVADO do?

KOVADO is a Private limited company incorporated in 2005. Its main activity is: Computer consultancy activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.651.788

Incorporation

16/03/2005

Legal form

Private limited company

Registered office

Tabakvest 112 box 1201
2000 Antwerpen · FlandreSee on map

Contributed capital

18 750,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 72500Scientific research and development 95100Repair of computers and communication equipment 95110Repair of computers and peripheral equipment

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	171,6 k €	-6.3%	183,2 k €	+1.2%	181,1 k €	-4.8%	190,3 k €	+37.7%	138,2 k €	-1.1%	139,8 k €	-22.9%	181,3 k €	+41.0%	128,5 k €	-13.1%	147,8 k €	+12.0%	132 k €	-11.1%	148,5 k €	-10.0%	165 k €	+24.2%	132,9 k €	+18.5%	112,1 k €	+6.3%	105,4 k €	+66.5%	63,3 k €	-1.9%	64,6 k €	-8.7%	70,7 k €	+41.9%	49,8 k €	-35.1%	76,8 k €
EBITDA	170,1 k €	-6.4%	181,7 k €	+1.3%	179,3 k €	-4.5%	187,9 k €	+37.3%	136,9 k €	-1.5%	139 k €	-23.0%	180,4 k €	+41.2%	127,8 k €	-12.8%	146,5 k €	+12.0%	130,8 k €	-11.2%	147,2 k €	-10.1%	163,8 k €	+24.5%	131,6 k €	+18.6%	110,9 k €	+6.5%	104,1 k €	+69.8%	61,3 k €	-2.3%	62,7 k €	-10.1%	69,7 k €	+50.0%	46,5 k €	-38.2%	75,3 k €
Operating result	169 k €	-6.4%	180,5 k €	+1.4%	178,1 k €	+2.5%	173,8 k €	+41.6%	122,7 k €	-1.7%	124,8 k €	-25.0%	166,5 k €	+46.1%	114 k €	-21.5%	145,3 k €	+12.3%	129,3 k €	-11.2%	145,6 k €	-10.1%	162 k €	+28.1%	126,4 k €	+19.1%	106,1 k €	+7.7%	98,5 k €	+71.5%	57,5 k €	-2.0%	58,6 k €	-12.1%	66,7 k €	+71.3%	38,9 k €	-41.2%	66,3 k €
Net result	131,3 k €	-19.1%	162,3 k €	-2.4%	166,3 k €	+36.3%	122 k €	+33.5%	91,4 k €	-0.8%	92,2 k €	-33.5%	138,6 k €	+110%	65,9 k €	-32.7%	97,8 k €	+21.1%	80,8 k €	+21.4%	66,6 k €	-34.5%	101,6 k €	+94.3%	52,3 k €	-32.6%	77,6 k €	-9.4%	85,7 k €	+102%	42,5 k €	+7.9%	39,4 k €	-5.8%	41,8 k €	+59.3%	26,2 k €	-60.7%	66,9 k €
Balance sheet
Equity	960,8 k €	+15.8%	829,5 k €	+24.3%	667,2 k €	-36.0%	1 M €	+13.3%	920,7 k €	+11.0%	829,3 k €	+12.5%	737,2 k €	+23.2%	598,6 k €	+12.4%	532,7 k €	+22.5%	434,9 k €	+22.8%	354,1 k €	+23.2%	287,5 k €	+54.7%	185,9 k €	+39.2%	133,6 k €	+139%	56 k €	-80.6%	288 k €	+17.3%	245,5 k €	+19.1%	206,1 k €	+25.4%	164,3 k €	+19.0%	138,1 k €
Total assets	983,8 k €	+15.1%	854,4 k €	-31.2%	1,2 M €	+17.0%	1,1 M €	+13.5%	935,5 k €	+10.0%	850,4 k €	+11.9%	760,1 k €	+25.1%	607,8 k €	+11.7%	544,1 k €	+22.0%	445,9 k €	+22.6%	363,6 k €	+15.9%	313,8 k €	+46.2%	214,7 k €	+51.9%	141,3 k €	+133%	60,7 k €	-79.4%	294,2 k €	+16.5%	252,6 k €	+15.9%	217,9 k €	+28.2%	170 k €	+18.4%	143,6 k €
Cash	411,7 k €	-20.2%	515,7 k €	-44.0%	921,1 k €	+17.7%	782,4 k €	+24.0%	631 k €	+18.4%	533 k €	+31.8%	404,3 k €	+37.3%	294,6 k €	+27.2%	231,5 k €	+46.9%	157,5 k €	+140%	65,7 k €	-76.7%	282,4 k €	+107%	136,2 k €	+71.5%	79,4 k €	+7872%	996,3 €	-99.6%	242,1 k €	+23.0%	196,8 k €	+19.1%	165,2 k €	+37.5%	120,1 k €	+30.1%	92,3 k €
Debts	16,9 k €	-9.3%	18,6 k €	-96.7%	567,8 k €	+3372%	16,4 k €	+27.2%	12,9 k €	-38.9%	21,1 k €	-1.2%	21,3 k €	+213%	6,8 k €	-40.3%	11,4 k €	+3.3%	11 k €	+15.5%	9,6 k €	-63.0%	25,8 k €	-10.2%	28,8 k €	+270%	7,8 k €	+65.8%	4,7 k €	-25.2%	6,3 k €	-11.8%	7,1 k €	-39.7%	11,8 k €	+106%	5,7 k €	+3.8%	5,5 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 31/12/2025 · 1 active · 6 ended

Active mandates

Koen Jos Vandoninck

Director

Active

Ended mandates

Koen Vandoninck

Manager · since 16 mai 2005

Ended

Koen Jos Vandoninck

Director · since 01 avril 2005

Ended

Koen Jos Vandoninck

Manager · since 01 avril 2005

Ended

Koen Vandoninck

Manager · since 01 avril 2005

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	25/06/2026	24/06/2025	28/03/2024	23/06/2023	22/06/2022	01/07/2021
General meeting	20/06/2026	20/06/2025	27/03/2024	20/06/2023	20/06/2022	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/06/2026	25/06/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	24/06/2025	Dutch	PDF
Micro model	31/12/2023	27/03/2024	28/03/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	23/06/2023	Dutch	PDF
Micro model	31/12/2021	20/06/2022	22/06/2022	Dutch	PDF
Micro model	31/12/2020	21/06/2021	01/07/2021	Dutch	PDF
Micro model	31/12/2019	20/06/2020	22/06/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	10/07/2019	Dutch	PDF
Micro model	31/12/2017	20/06/2018	10/07/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	21/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	25/06/2007	Dutch	PDF

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 31/12/2025 · 1 active · 6 ended

Active mandates

Koen Jos Vandoninck

Director

Active

Ended mandates

Koen Vandoninck

Manager · since 16 mai 2005

Ended

Koen Jos Vandoninck

Director · since 01 avril 2005

Ended

Koen Jos Vandoninck

Manager · since 01 avril 2005

Ended

Koen Vandoninck

Manager · since 01 avril 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/06/2009
MAATSCHAPPELIJKE ZETEL
PDF
Registered office08/10/2007
MAATSCHAPPELIJKE ZETEL
PDF
Other01/04/2005
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 2025131,3 k €↓
2024
Annual accounts 2024162,3 k €↓
2023
Annual accounts 2023166,3 k €↑
2022
Annual accounts 2022122 k €↑
2021
Annual accounts 202191,4 k €↓
2020
Annual accounts 202092,2 k €↓
2019
Annual accounts 2019138,6 k €↑
2018
Annual accounts 201865,9 k €↓
2017
Annual accounts 201797,8 k €↑
2016
Annual accounts 201680,8 k €↑
2015
Annual accounts 201566,6 k €↓
2014
Annual accounts 2014101,6 k €↑
2013
Annual accounts 201352,3 k €↓
2012
Annual accounts 201277,6 k €↓
2011
Annual accounts 201185,7 k €↑
2010
Annual accounts 201042,5 k €↑
2009
Annual accounts 200939,4 k €↓
2008
Annual accounts 200841,8 k €↑
2007
Annual accounts 200726,2 k €↓
2006
Annual accounts 200666,9 k €
16/03/2005
IncorporationPrivate 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

KOVADO

Overview

What does KOVADO do?

Trend over 20 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