COVAX is a repair service in Nivelles. Private Limited, started on 18 December 1979, 1 establishment.

What is the address of COVAX?

The registered office of COVAX is located at Rue de l'Industrie 12 box b, 1400 Nivelles.

Is COVAX still active?

Yes. According to the CBE (30 October 2026) COVAX is active, legal situation “Normale toestand”, started on 18 December 1979.

Is COVAX registered on Peppol?

Yes, COVAX is registered on the Peppol network with ID 0208:0419993469.

What is the enterprise number of COVAX?

The enterprise number of COVAX is BE0419993469.

When was COVAX founded?

COVAX was founded on 18 December 1979.

Who are the directors of COVAX?

According to the 2025 annual accounts, the directors of COVAX are: Nicolas VAXELAIRE.

Is COVAX a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 December 1979; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did COVAX make in 2025?

COVAX posted a profit after taxes of € 50,017 in financial year 2025.

What is the revenue of COVAX?

As a small company, COVAX is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 504,658.

How much does an employee at COVAX earn?

The average wage cost per full-time employee at COVAX was € 49,900 in 2025: staff costs of € 374,259 for 7.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does COVAX have?

According to the 2025 annual accounts, COVAX has 7.5 full-time equivalents (FTE).

COVAX (Private Limited) - Nivelles - BE0419993469

Dossier COVAX, printed on 30 October 2026 from databakkes.be/en/0419993469/covax. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

11 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

COVAX from Nivelles, company number BE0419993469, closed financial year 2025 with a result of € 50,017 after tax. For that financial year COVAX recorded a gross margin of € 504,658 and equity of € 242,798. Compared with financial year 2024, the result moved from € 343,435 to € 50,017. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.

What it is worth Growing

€ 242,798

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 50,017

▼ 85% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 44,448

▼ 80% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 41,000 paid out

82 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

7.5

▲ 1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 374,259

▼ 8% vs 2024

€ 49,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 11,880

▼ 59% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 105,623

▼ 27% vs 2024

€ 41,187 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 100,413

▼ 30% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 58,045

▼ 36% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 291,005 Gross margin 2022: € 291,005 First fiscal year in the series	€ 548,316 Gross margin 2023: € 548,316 ▲ 88% vs 2022 (€ 291,005) Favourable step	€ 926,510 Gross margin 2024: € 926,510 ▲ 69% vs 2023 (€ 548,316) Favourable step	€ 504,658 Gross margin 2025: € 504,658 ▼ 46% vs 2024 (€ 926,510) Unfavourable step	▼ 46%
Profit after taxes	€ -3,684 Profit after taxes 2022: € -3,684 First fiscal year in the series	€ 161,681 Profit after taxes 2023: € 161,681 ▲ € 165,366 vs 2022 (€ -3,684) Favourable step	€ 343,435 Profit after taxes 2024: € 343,435 ▲ 112% vs 2023 (€ 161,681) Favourable step	€ 50,017 Profit after taxes 2025: € 50,017 ▼ 85% vs 2024 (€ 343,435) Unfavourable step	▼ 85%
Equity	€ 98,665 Equity 2022: € 98,665 First fiscal year in the series	€ 110,346 Equity 2023: € 110,346 ▲ 12% vs 2022 (€ 98,665) Favourable step	€ 233,781 Equity 2024: € 233,781 ▲ 112% vs 2023 (€ 110,346) Favourable step	€ 242,798 Equity 2025: € 242,798 ▲ 4% vs 2024 (€ 233,781) Favourable step	▲ 4%
Total debts	€ 303,542 Total debts 2022: € 303,542 First fiscal year in the series	€ 482,488 Total debts 2023: € 482,488 ▲ 59% vs 2022 (€ 303,542) Unfavourable step	€ 599,769 Total debts 2024: € 599,769 ▲ 24% vs 2023 (€ 482,488) Unfavourable step	€ 305,887 Total debts 2025: € 305,887 ▼ 49% vs 2024 (€ 599,769) Favourable step	▼ 49%
Cash	€ 54,231 Cash 2022: € 54,231 First fiscal year in the series	€ 31,235 Cash 2023: € 31,235 ▼ 42% vs 2022 (€ 54,231) Unfavourable step	€ 221,846 Cash 2024: € 221,846 ▲ € 190,610 vs 2023 (€ 31,235) Favourable step	€ 44,448 Cash 2025: € 44,448 ▼ 80% vs 2024 (€ 221,846) Unfavourable step	▼ 80%
Retained profit	€ 80,065 Retained profit 2022: € 80,065 First fiscal year in the series	€ 91,746 Retained profit 2023: € 91,746 ▲ 15% vs 2022 (€ 80,065) Favourable step	€ 215,181 Retained profit 2024: € 215,181 ▲ 135% vs 2023 (€ 91,746) Favourable step	€ 224,198 Retained profit 2025: € 224,198 ▲ 4% vs 2024 (€ 215,181) Favourable step	▲ 4%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 150,000 Dividend 2023: € 150,000 Unchanged (€ 0) Unchanged	€ 220,000 Dividend 2024: € 220,000 ▲ 47% vs 2023 (€ 150,000) Unchanged	€ 41,000 Dividend 2025: € 41,000 ▼ 81% vs 2024 (€ 220,000) Unchanged	▼ 81%
Bank debt	€ 59,243 Bank debt 2022: € 59,243 First fiscal year in the series	€ 108,873 Bank debt 2023: € 108,873 ▲ 84% vs 2022 (€ 59,243) Unfavourable step	€ 145,446 Bank debt 2024: € 145,446 ▲ 34% vs 2023 (€ 108,873) Unfavourable step	€ 105,623 Bank debt 2025: € 105,623 ▼ 27% vs 2024 (€ 145,446) Favourable step	▼ 27%
Balance sheet total	€ 402,207 Balance sheet total 2022: € 402,207 First fiscal year in the series	€ 592,834 Balance sheet total 2023: € 592,834 ▲ 47% vs 2022 (€ 402,207) Unchanged	€ 833,551 Balance sheet total 2024: € 833,551 ▲ 41% vs 2023 (€ 592,834) Unchanged	€ 548,685 Balance sheet total 2025: € 548,685 ▼ 34% vs 2024 (€ 833,551) Unchanged	▼ 34%
Employees (FTE)	6 Employees (FTE) 2022: 6 First fiscal year in the series	6.5 Employees (FTE) 2023: 6.5 ▲ 0.5 vs 2022 (6) Unchanged	6.5 Employees (FTE) 2024: 6.5 Unchanged (6.5) Unchanged	7.5 Employees (FTE) 2025: 7.5 ▲ 1 vs 2024 (6.5) Unchanged	▲ 1

Key figures of COVAX, 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 COVAX?

What happened at COVAX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 11, 2026 New annual accounts for financial year 2025: profit of € 50,017 (▼ 85% vs 2024). Source: NBB ↗
2019 Nicolas VAXELAIRE became a director. NBB
Dec 17, 1990 New establishment in Nivelles. KBO
Dec 18, 1979 Start of the company according to the CBE. KBO

In short

From € 3,684 loss in 2022 to € 50,017 profit in 2025.

Paid € 196,793 in corporate taxes since 2022.

Best year ever: 2024, with € 343,435 profit.

On average € 67,300 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Nicolas VAXELAIRE

COVAX

Behind COVAX is Nicolas VAXELAIRE.

Directors

According to the 2025 annual accounts

Nicolas VAXELAIRE

Director

since 2019

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de l'Industrie 12 box b

1400 Nivelles

2.035.854.311

Rue de l'Industrie 12B

1400 Nivelles

Active since 17 December 1990

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.

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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0419.993.469

VAT number

BE 0419.993.469

Registered office

Rue de l'Industrie 12 bus b, 1400 Nivelles

Names & denominations

COVAX

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

18 December 1979

Peppol

Active · Active since 24 Oct 2025

Activities · NACE

Carrosserieherstelling (inclusief spuiten en verven)

Carrosserieherstelling

Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)

Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)

View on CBE Public ↗ Annual accounts (NBB) ↗

COVAX

Warning lights

Financials

What happened to COVAX?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions