ACTIVE

UNDER-COVER

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Financial year 2025 · closed on 31/12/2025
Net result
86,1 k €
+146.9% YoY
Gross margin
58,7 k €
+174.1% YoY
Equity
1,9 M €
+4.7% YoY

What does UNDER-COVER do?

UNDER-COVER is a Private limited company incorporated in 2005. Its main activity is: Wholesale of furniture, carpets and lighting equipment. Its registered office is in Herentals.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0876.488.139
Incorporation
05/10/2005
Legal form
Private limited company
Registered office
Toekomstlaan(HRT) 39
2200 Herentals · FlandreSee on map
Contributed capital
394 848,39 €
Latest accounts
31/12/2025
Activities (NACE)
46473Wholesale of furniture, carpets and lighting equipment· main46474Wholesale of furniture, carpets and lighting equipment27402Manufacture of electric lighting equipment27402Manufacture of electric lighting equipment47552Retail sale of other household equipment in specialised stores47592Retail sale of furniture, lighting equipment and other household articles in specialised stores
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin58,7 k €-79,1 k €32,9 k €161,4 k €101,4 k €114,8 k €93,3 k €129,8 k €383,1 k €465,2 k €427,6 k €383,5 k €51 k €536,7 k €62,1 k €-183,4 k €3,2 M €73,7 k €215,4 k €75,1 k €
EBITDA57,3 k €-97,7 k €31,7 k €129,1 k €56,3 k €78,3 k €35,1 k €76,4 k €341,2 k €423,9 k €388,3 k €345,6 k €28,2 k €530,8 k €10 k €-271,7 k €3,1 M €-39,4 k €20,6 k €16,1 k €
Operating result55,4 k €-99,6 k €31,6 k €129,1 k €55,1 k €74 k €30,9 k €73,3 k €338,9 k €420,1 k €377,9 k €332,7 k €-14,2 k €387,7 k €-38,1 k €-321,8 k €3 M €-64,6 k €8,8 k €613 €
Net result86,1 k €-183,5 k €-55,9 k €191,2 k €165,2 k €158,2 k €79,6 k €81,9 k €390,7 k €426,9 k €425,8 k €319,2 k €-5,6 k €337 k €-73,9 k €-364,8 k €2,9 M €-85,5 k €383 €-398 €
Balance sheet
Equity1,9 M €1,8 M €2 M €2,1 M €1,9 M €1,7 M €1,6 M €1,5 M €2 M €1,6 M €1,2 M €762,9 k €130,2 k €675,8 k €638,8 k €813,4 k €2,9 M €2,1 k €87,6 k €87,2 k €
Total assets2 M €1,9 M €2 M €2,1 M €2,1 M €2 M €2,2 M €2,7 M €2,7 M €2,3 M €1,5 M €1,2 M €875,2 k €1,7 M €929,8 k €2 M €3,5 M €478,8 k €422,9 k €313,3 k €
Cash63,9 k €58,6 k €66,1 k €51,1 k €227 k €242,2 k €357,8 k €346,7 k €621,1 k €509,9 k €183,3 k €135,1 k €260,9 k €567,2 k €127,9 k €483,6 k €893,9 k €47,2 k €57,9 k €187,6 k €
Debts38,7 k €43,9 k €16,2 k €18,9 k €242,6 k €233,3 k €592,1 k €1,2 M €662,7 k €723,9 k €328 k €441,4 k €733,8 k €997,7 k €290,9 k €1,2 M €522,5 k €476,7 k €335,4 k €226,1 k €
Other
Workforce––––0,4 ETP1,0 ETP1,3 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP0,7 ETP0,7 ETP0,1 ETP0,8 ETP2,5 ETP2,7 ETP3,3 ETP2,3 ETP0,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 15 ended

Active mandates

TWILIGHT ZONE

Director · since 07 décembre 2011 · 0474.034.347

Active
Alex ROTTIERS

Director

Active
AXSI

Director · 0471.572.131

Active
CHATEAU KOO

Director · 0812.299.774

Active
Tom WEYERS

Director

Active

Ended mandates

TWILIGHT ZONE

Manager · since 07 décembre 2011 · 0474.034.347

Represented by Alex Rottiers

Ended
TWILIGHT ZONE

Manager · since 07 décembre 2011 · 0474.034.347

Ended
Stephan MEES

Manager · since 22 septembre 2005 · until 07 décembre 2011

Ended
Stephan MEES

Manager · since 22 septembre 2005

Ended
At this address

Other companies at this address

CompanyCBE no.
ALTO● Active
0866.008.575
TWILIGHT ZONE● Active
0474.034.347
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/08/202629/08/202530/08/202401/02/202430/08/202203/09/2021
General meeting29/06/202628/06/202520/08/202430/09/202325/08/202201/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202628/08/2026DutchPDF
Abridged model31/12/202428/06/202529/08/2025DutchPDF
Abridged model31/12/202320/08/202430/08/2024DutchPDF
Abridged model31/12/202230/09/202301/02/2024DutchPDF
Abridged model31/12/202125/08/202230/08/2022DutchPDF
Abridged model31/12/202001/09/202103/09/2021DutchPDF
Abridged modelCorrection31/12/201931/08/202021/10/2020DutchPDF
Abridged model31/12/201931/08/202001/10/2020DutchPDF
Abridged model31/12/201828/06/201901/08/2019DutchPDF
Abridged model31/12/201728/06/201828/08/2018DutchPDF
Abridged model31/12/201628/06/201731/08/2017DutchPDF
Abridged model31/12/201507/03/201608/03/2016DutchPDF
Abridged model31/12/201431/07/201527/08/2015DutchPDF
Abridged model31/12/201328/06/201414/08/2014DutchPDF
Abridged model31/12/201228/06/201330/08/2013DutchPDF
Abridged model31/12/201128/06/201227/08/2012DutchPDF
Abridged model31/12/201007/12/201108/12/2011DutchPDF
Abridged model31/12/200928/06/201029/07/2010DutchPDF
Abridged model31/12/200829/06/200930/07/2009DutchPDF
Abridged model31/12/200728/06/200829/07/2008DutchPDF
Abridged model31/12/200628/06/200716/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 5 active · 15 ended

Active mandates

TWILIGHT ZONE

Director · since 07 décembre 2011 · 0474.034.347

Active
Alex ROTTIERS

Director

Active
AXSI

Director · 0471.572.131

Active
CHATEAU KOO

Director · 0812.299.774

Active
Tom WEYERS

Director

Active

Ended mandates

TWILIGHT ZONE

Manager · since 07 décembre 2011 · 0474.034.347

Represented by Alex Rottiers

Ended
TWILIGHT ZONE

Manager · since 07 décembre 2011 · 0474.034.347

Ended
Stephan MEES

Manager · since 22 septembre 2005 · until 07 décembre 2011

Ended
Stephan MEES

Manager · since 22 septembre 2005

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/11/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares19/05/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other16/09/2013
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates10/01/2013
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/02/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/01/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office13/04/2007
    MAATSCHAPPELIJKE ZETEL
    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 202586,1 k €↑
  2. 2024
    Annual accounts 2024-183,5 k €↓
  3. 2023
    Annual accounts 2023-55,9 k €↓
  4. 2022
    Annual accounts 2022191,2 k €↑
  5. 2021
    Annual accounts 2021165,2 k €↑
  6. 2020
    Annual accounts 2020158,2 k €↑
  7. 2019
    Annual accounts 201979,6 k €↓
  8. 2018
    Annual accounts 201881,9 k €↓
  9. 2017
    Annual accounts 2017390,7 k €↓
  10. 2016
    Annual accounts 2016426,9 k €↑
  11. 2015
    Annual accounts 2015425,8 k €↑
  12. 2014
    Annual accounts 2014319,2 k €↑
  13. 2013
    Annual accounts 2013-5,6 k €↓
  14. 2012
    Annual accounts 2012337 k €↑
  15. 2011
    Annual accounts 2011-73,9 k €↑
  16. 2010
    Annual accounts 2010-364,8 k €↓
  17. 2009
    Annual accounts 20092,9 M €↑
  18. 2008
    Annual accounts 2008-85,5 k €↓
  19. 2007
    Annual accounts 2007383 €↑
  20. 2006
    Annual accounts 2006-398 €
  21. 05/10/2005
    IncorporationPrivate limited company