ACTIVE

KOVO CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

34,9 k €

-20.0% YoY

Gross margin

1,2 M €

-10.9% YoY

Equity

757 k €

-9.0% YoY

Workforce

14,4 ETP

-8.3% YoY

What does KOVO CONSTRUCT do?

KOVO CONSTRUCT is a Private limited company incorporated in 2007. Its registered office is in Essen. It employs on average 14,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.817.217

Incorporation

13/07/2007

Legal form

Private limited company

Registered office

Rijkmakerlaan 24D
2910 Essen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

14,4 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,2 M €	-10.9%	1,3 M €	+18.3%	1,1 M €	+10.2%	1 M €	+4.5%	971,8 k €	+28.7%	755,1 k €	+6.6%	708,6 k €	+16.0%	610,6 k €	-11.2%	687,5 k €	+11.4%	616,9 k €	+15.1%	535,9 k €	+38.0%	388,3 k €	+25.5%	309,4 k €	+35.8%	227,8 k €	+21.5%	187,4 k €	+110%	89,2 k €	+243%	26 k €	-77.0%	112,9 k €
EBITDA	181,7 k €	-4.0%	189,2 k €	-2.3%	193,7 k €	-22.6%	250,3 k €	-20.7%	315,5 k €	+74.9%	180,4 k €	-14.4%	210,8 k €	+113%	98,8 k €	+6.8%	92,6 k €	-30.2%	132,7 k €	+109%	63,4 k €	+53.9%	41,2 k €	-15.2%	48,6 k €	-10.6%	54,4 k €	-34.3%	82,8 k €	+97.4%	41,9 k €	+63.4%	25,7 k €	-77.2%	112,4 k €
Operating result	68,5 k €	-11.1%	77,1 k €	-26.6%	104,9 k €	-40.1%	175,2 k €	-31.9%	257,4 k €	+75.9%	146,4 k €	-15.4%	173 k €	+218%	54,4 k €	-4.0%	56,6 k €	-43.1%	99,6 k €	+288%	25,7 k €	+91.4%	13,4 k €	+10.2%	12,2 k €	-27.9%	16,9 k €	-40.9%	28,6 k €	+77.8%	16,1 k €	+58.6%	10,1 k €	-86.2%	73,2 k €
Net result	34,9 k €	-20.0%	43,7 k €	-31.6%	63,9 k €	-73.3%	239,3 k €	+2.3%	234 k €	+235%	69,9 k €	-37.8%	112,4 k €	+225%	34,6 k €	+6.9%	32,3 k €	-39.6%	53,5 k €	+793%	6 k €	+2907%	199,3 €	-97.4%	7,8 k €	+72.1%	4,5 k €	-70.7%	15,4 k €	+47.9%	10,4 k €	+72.7%	6 k €	-90.4%	63 k €
Balance sheet
Equity	757 k €	-9.0%	832 k €	+5.5%	788,3 k €	+0.8%	782,4 k €	+33.6%	585,8 k €	+58.7%	369,1 k €	+23.4%	299,1 k €	+60.2%	186,7 k €	+22.7%	152,2 k €	+27.0%	119,8 k €	+80.8%	66,3 k €	+9.9%	60,3 k €	+0.3%	60,1 k €	-27.0%	82,3 k €	+5.8%	77,8 k €	+24.7%	62,4 k €	+20.1%	52 k €	+13.1%	45,9 k €
Total assets	2 M €	+8.0%	1,9 M €	-5.2%	2 M €	+2.8%	1,9 M €	+6.4%	1,8 M €	+93.7%	932,6 k €	+8.4%	860,5 k €	+27.7%	674,1 k €	-16.5%	807,5 k €	-5.1%	851,2 k €	+60.7%	529,8 k €	+39.2%	380,8 k €	-9.7%	421,8 k €	+9.9%	383,8 k €	+5.9%	362,4 k €	+11.5%	325,2 k €	+196%	110 k €	-10.9%	123,5 k €
Cash	692,2 k €	+15.8%	597,8 k €	-18.6%	734,8 k €	-34.9%	1,1 M €	+58.5%	712,5 k €	+32.4%	538,2 k €	-4.9%	565,8 k €	+59.0%	355,8 k €	+39.2%	255,6 k €	-25.6%	343,7 k €	+167%	128,8 k €	+78.1%	72,3 k €	+35.1%	53,5 k €	-60.3%	134,9 k €	-5.1%	142,1 k €	+60.4%	88,6 k €	+201%	29,4 k €	-14.5%	34,4 k €
Debts	1,3 M €	+21.7%	1 M €	-12.2%	1,2 M €	+4.4%	1,1 M €	-6.7%	1,2 M €	+118%	559 k €	-0.4%	561,4 k €	+15.2%	487,3 k €	-25.6%	655,4 k €	-10.4%	731,4 k €	+57.9%	463,1 k €	+44.5%	320,5 k €	-11.4%	361,7 k €	+20.0%	301,4 k €	+5.9%	284,6 k €	+8.7%	261,8 k €	+351%	58,1 k €	-24.6%	77 k €
Other
Workforce	14,4 ETP	-8.3%	15,7 ETP	+18.0%	13,3 ETP	+13.7%	11,7 ETP	-0.8%	11,8 ETP	+15.7%	10,2 ETP	+15.9%	8,8 ETP	-4.3%	9,2 ETP	-19.3%	11,4 ETP	+16.3%	9,8 ETP	+6.5%	9,2 ETP	+19.5%	7,7 ETP	+24.2%	6,2 ETP	+59.0%	3,9 ETP	+44.4%	2,7 ETP	+145%	1,1 ETP		–		–

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 · 2 active · 5 ended

Active mandates

Annelies Vandermast

Director · since 01 janvier 2014

Active

Gert Konings

Director

Active

Ended mandates

Annelies Vandermast

Manager · since 01 janvier 2014

Ended

Dennie Voeten

Manager · since 01 janvier 2013 · until 21 octobre 2013

Ended

Annelies Vandermast

Manager

Ended

Dennie Voeten

Manager

Ended

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	15/07/2026	04/07/2025	03/07/2024	11/07/2023	29/06/2022	26/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	15/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	03/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	25/08/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	19/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	03/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	15/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	29/06/2009	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 · 2 active · 5 ended

Active mandates

Annelies Vandermast

Director · since 01 janvier 2014

Active

Gert Konings

Director

Active

Ended mandates

Annelies Vandermast

Manager · since 01 janvier 2014

Ended

Dennie Voeten

Manager · since 01 janvier 2013 · until 21 octobre 2013

Ended

Annelies Vandermast

Manager

Ended

Dennie Voeten

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/12/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office17/11/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/11/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/06/2013
MAATSCHAPPELIJKE ZETEL
PDF
Registered office17/07/2009
MAATSCHAPPELIJKE ZETEL
PDF
Other24/07/2007
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 202534,9 k €↓
2024
Annual accounts 202443,7 k €↓
2023
Annual accounts 202363,9 k €↓
2022
Annual accounts 2022239,3 k €↑
2021
Annual accounts 2021234 k €↑
2020
Annual accounts 202069,9 k €↓
2019
Annual accounts 2019112,4 k €↑
2018
Annual accounts 201834,6 k €↑
2017
Annual accounts 201732,3 k €↓
2016
Annual accounts 201653,5 k €↑
2015
Annual accounts 20156 k €↑
2014
Annual accounts 2014199,3 €↓
2013
Annual accounts 20137,8 k €↑
2012
Annual accounts 20124,5 k €↓
2011
Annual accounts 201115,4 k €↑
2010
Annual accounts 201010,4 k €↑
2009
Annual accounts 20096 k €↓
2008
Annual accounts 200863 k €
13/07/2007
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

KOVO CONSTRUCT

Overview

What does KOVO CONSTRUCT do?

Trend over 18 financial years

Indicative valuation

Board of directors

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