Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
COVAN from Destelbergen, company number BE0417738517, closed financial year 2025 with a result of € -76,027 after tax. For that financial year COVAN recorded a gross margin of € -9,527 and equity of € -84,632. Compared with financial year 2024, the result moved from € -92,292 to € -76,027. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ -84,632
▼ € 76,027 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -76,027
▲ 18 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,273
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -109,422.
Debts at end 2025
€ 148,736
Loans from banks and other lenders, long and short.
€ 40,182
▲ € 38,015 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -19,142 | € -41,531 | € 2,525 | € -9,527 | ▼ € 12,053 |
| Profit after taxes | € -47,109 | € -71,042 | € -92,292 | € -76,027 | ▲ € 16,264 |
| Equity | € 154,729 | € 83,687 | € -8,605 | € -84,632 | ▼ € 76,027 |
| Total debts | € 233,849 | € 245,355 | € 402,103 | € 382,862 | ▼ 5% |
| Cash | € 104,591 | € 45,239 | € 110,930 | € 4,273 | ▼ 96% |
| Land & buildings | € 283,416 | € 280,140 | € 282,543 | € 228,331 | ▼ 19% |
| Retained profit | € 129,939 | € 58,897 | € -33,394 | € -109,422 | ▼ € 76,027 |
| Bank debt | € 148,736 | € 148,736 | € 148,736 | € 148,736 | |
| Balance sheet total | € 388,577 | € 329,042 | € 393,497 | € 298,230 | ▼ 24% |
Key figures of COVAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to COVAN?
What happened at COVAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 76,027. Source: NBB ↗
- William Vandooren became a director. NBB
- Nicole Vandooren became a director. NBB
- Stefaan Marguerite Vandooren became a director. NBB
- New establishment in Destelbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 47,109 loss in 2022 to € 76,027 loss in 2025.
Management
Behind COVAN are William Vandooren, Nicole Vandooren and Stefaan Marguerite Vandooren.
Directors
According to the 2025 annual accounts
William Vandooren
Director
since 2020
Nicole Vandooren
Director
since 2016
Stefaan Marguerite Vandooren
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Octave Landuytstraat(HEU) 5
9070 Destelbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.738.517
- VAT number
- BE 0417.738.517
- Registered office
- Octave Landuytstraat(HEU) 5, 9070 Destelbergen
- Names & denominations
- COVAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 1977
- Peppol
- Not registered