ACTIVE

FINCOV

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Financial year 2025 · closed on 30/09/2025

Net result

85,3 k €

+37.2% YoY

Gross margin

228 k €

+11.5% YoY

Equity

197,3 k €

-23.4% YoY

What does FINCOV do?

FINCOV is a Private limited company incorporated in 2007. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Tervuren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.615.963

Incorporation

21/11/2007

Legal form

Private limited company

Registered office

Vrijwilligerslaan 5
3080 Tervuren · FlandreSee on map

Contributed capital

14 260,00 €

Latest accounts

30/09/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69201Accounting, bookkeeping and auditing activities; tax consultancy 69202Accounting, bookkeeping and auditing activities; tax consultancy

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	228 k €	+11.5%	204,6 k €	+18.3%	173 k €	+6.8%	162 k €	-7.6%	175,3 k €	+9.7%	159,8 k €	+102%	79,1 k €	-17.8%	96,2 k €	+75.3%	54,9 k €	+37.2%	40 k €	+231%	12,1 k €	-41.7%	20,8 k €	+55.3%	13,4 k €	+32.3%	10,1 k €	-65.7%	29,4 k €	+15.6%	25,5 k €	+70.7%	14,9 k €
EBITDA	191,9 k €	+12.5%	170,6 k €	+32.0%	129,3 k €	+8.2%	119,5 k €	-10.3%	133,2 k €	+2.8%	129,6 k €	+234%	38,8 k €	-70.8%	132,9 k €	+556%	-29,1 k €	-177%	37,6 k €	+313%	9,1 k €	-50.7%	18,5 k €	+46.2%	12,6 k €	+79.8%	7 k €	-73.4%	26,4 k €	+9.4%	24,1 k €	+578%	3,6 k €
Operating result	174,1 k €	+18.2%	147,3 k €	+39.8%	105,4 k €	+15.2%	91,5 k €	-14.2%	106,6 k €	-5.9%	113,4 k €	+414%	22,1 k €	-80.8%	114,9 k €	+353%	-45,4 k €	-5904%	-756,8 €	-116%	4,8 k €	-66.0%	14,2 k €	+66.9%	8,5 k €	+168%	3,2 k €	-86.7%	23,9 k €	+18.9%	20,1 k €	+523%	3,2 k €
Net result	85,3 k €	+37.2%	62,2 k €	+74.8%	35,6 k €	+60.9%	22,1 k €	-34.4%	33,7 k €	-10.9%	37,8 k €	+1075%	-3,9 k €	-111%	35,6 k €	+172%	-49,6 k €	-2042%	-2,3 k €	-1062%	240,8 €	-96.9%	7,7 k €	+33.5%	5,8 k €	+209%	1,9 k €	-89.6%	18 k €	+34.9%	13,3 k €	+1657%	758 €
Balance sheet
Equity	197,3 k €	-23.4%	257,5 k €	+31.8%	195,3 k €	+22.3%	159,8 k €	+16.1%	137,7 k €	+245%	39,9 k €	+1787%	2,1 k €	-64.7%	6 k €	+120%	-29,6 k €	-248%	20 k €	-10.4%	22,3 k €	+1.1%	22,1 k €	+53.7%	14,4 k €	+2.0%	14,1 k €	-68.3%	44,4 k €	+67.8%	26,5 k €	+101%	13,2 k €
Total assets	614,2 k €	+4.6%	587,2 k €	+16.8%	502,8 k €	+12.6%	446,7 k €	+5.3%	424,1 k €	+9.7%	386,6 k €	+15.0%	336,2 k €	-1.6%	341,7 k €	-17.4%	413,6 k €	+32.3%	312,7 k €	+347%	69,9 k €	-1.7%	71,1 k €	+2.9%	69,1 k €	-25.4%	92,6 k €	+20.7%	76,8 k €	+53.2%	50,1 k €	+33.8%	37,4 k €
Cash	24 k €	-44.4%	43,1 k €	-76.7%	184,5 k €	+44.3%	127,9 k €	+21.8%	105 k €	+31.4%	79,9 k €	+279%	21,1 k €	+53.5%	13,7 k €	-86.6%	102,4 k €	+289%	26,3 k €	+14.8%	22,9 k €	+6.5%	21,5 k €	+517%	3,5 k €	-70.1%	11,7 k €	-67.9%	36,4 k €	+12.4%	32,4 k €		–
Debts	407,1 k €	+25.7%	323,8 k €	+7.6%	300,9 k €	+5.9%	284,1 k €	+0.2%	283,7 k €	-18.2%	346,7 k €	+3.8%	334,1 k €	-0.5%	335,8 k €	-10.3%	374,2 k €	+27.9%	292,6 k €	+516%	47,5 k €	-3.0%	49 k €	+29.2%	37,9 k €	-38.6%	61,7 k €	+251%	17,6 k €	+60.5%	11 k €	-20.1%	13,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,0 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Thomas van der VAEREN

Administrator - manager

Active

Ended mandates

Thomas van der Vaeren

Director · since 21 novembre 2007

Ended

Thomas van der VAEREN

Manager · since 21 novembre 2007

Ended

Thomas van der VAEREN

Manager

Ended

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	01/10/2024	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	20/03/2026	28/02/2025	15/03/2024	21/04/2023	22/04/2022	29/03/2021
General meeting	17/11/2025	20/01/2025	20/01/2024	20/01/2023	20/01/2022	20/01/2021
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
Micro model	30/09/2025	17/11/2025	20/03/2026	Dutch	PDF
Micro model	30/09/2024	20/01/2025	28/02/2025	Dutch	PDF
Micro model	30/09/2023	20/01/2024	15/03/2024	Dutch	PDF
Micro model	30/09/2022	20/01/2023	21/04/2023	Dutch	PDF
Micro model	30/09/2021	20/01/2022	22/04/2022	Dutch	PDF
Micro model	30/09/2020	20/01/2021	29/03/2021	Dutch	PDF
Micro model	30/09/2019	20/01/2020	21/02/2020	Dutch	PDF
Micro model	30/09/2018	20/01/2019	08/03/2019	Dutch	PDF
Micro model	30/09/2017	20/01/2018	09/03/2018	French	PDF
Abridged model	30/09/2016	20/01/2017	24/02/2017	Dutch	PDF
Abridged model	30/09/2015	20/01/2016	05/02/2016	Dutch	PDF
Abridged model	30/09/2014	20/01/2015	09/02/2015	Dutch	PDF
Abridged model	30/09/2013	20/01/2014	05/03/2014	Dutch	PDF
Abridged model	30/09/2012	20/01/2013	15/02/2013	Dutch	PDF
Abridged model	30/09/2011	14/11/2011	23/02/2012	Dutch	PDF
Abridged model	30/09/2010	28/01/2011	27/02/2011	Dutch	PDF
Abridged model	30/09/2009	29/01/2010	10/03/2010	Dutch	PDF
Abridged model	30/09/2008	30/01/2009	23/02/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 3 ended

Active mandates

Thomas van der VAEREN

Administrator - manager

Active

Ended mandates

Thomas van der Vaeren

Director · since 21 novembre 2007

Ended

Thomas van der VAEREN

Manager · since 21 novembre 2007

Ended

Thomas van der VAEREN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other30/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office13/10/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/08/2009
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other27/08/2009
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other30/11/2007
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

2025
Annual accounts 202585,3 k €↑
2024
Annual accounts 202462,2 k €↑
2023
Annual accounts 202335,6 k €↑
2022
Annual accounts 202222,1 k €↓
2021
Annual accounts 202133,7 k €↓
2019
Annual accounts 201937,8 k €↑
2018
Annual accounts 2018-3,9 k €↓
2017
Annual accounts 201735,6 k €↑
2016
Annual accounts 2016-49,6 k €↓
2015
Annual accounts 2015-2,3 k €↓
2014
Annual accounts 2014240,8 €↓
2013
Annual accounts 20137,7 k €↑
2012
Annual accounts 20125,8 k €↑
2011
Annual accounts 20111,9 k €↓
2010
Annual accounts 201018 k €↑
2009
Annual accounts 200913,3 k €↑
2008
Annual accounts 2008758 €
21/11/2007
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

FINCOV

Overview

What does FINCOV do?

Trend over 17 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