Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 12 to 9.3.
Financials
Financial year 2025
COVALIM from Genk, company number BE0439193333, closed financial year 2025 with a result of € 43,655 after tax. For that financial year COVALIM recorded a gross margin of € 703,385 and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 323,378 to € 43,655. 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 July 3, 2026.
€ 3.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,655
▼ 87% vs 2024
Profit after tax over the fiscal year.
€ 305,010
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.1 million.
People and assets in 2025
9.3
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 593,827
▼ 14% vs 2024
€ 63,900 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 338,515
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 168,399
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,149,009 | € 7,242,612 | € 7,307,426 | - | |
| Gross margin | - | - | - | € 703,385 | |
| Profit after taxes | € 181,196 | € 401,279 | € 323,378 | € 43,655 | ▼ 87% |
| Equity | € 2,507,152 | € 2,908,431 | € 3,231,810 | € 3,275,464 | ▲ 1% |
| Total debts | € 3,062,497 | € 3,270,407 | € 2,756,852 | € 3,070,266 | ▲ 11% |
| Cash | € 126,178 | € 185,319 | € 286,151 | € 305,010 | ▲ 7% |
| Retained profit | € 1,310,922 | € 1,712,201 | € 2,035,579 | € 2,079,234 | ▲ 2% |
| Balance sheet total | € 5,569,649 | € 6,178,838 | € 5,988,662 | € 6,345,730 | ▲ 6% |
| Employees (FTE) | 12.5 | 12 | 10.7 | 9.3 | ▼ 1.4 |
Key figures of COVALIM, 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 COVALIM?
What happened at COVALIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ilse Vanlommel stepped down as director. NBB
- VVL Management BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 43,655 (▼ 87% vs 2024). Source: NBB ↗
- Ilse Vanlommel became a director. NBB
- VVL Management BV became a director. NBB
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
In short
From € 181,196 profit in 2022 to € 43,655 profit in 2025.
Paid € 335,432 in corporate taxes since 2022.
Best year ever: 2023, with € 401,279 profit.
On average € 75,600 of value added per employee in 2025.
A new publication or filing at COVALIM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Group Coek comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COVALIMThe shares are held by Group Coek (100%).
Directors
According to the 2025 annual accounts
Ilse Vanlommel
Director
Also active at: COEK ENGINEERING, LIMOX, COVOX-TCI, THIMO, Group Coek, VVL MANAGEMENT, VIK-IMMO, VINDEX
since 2020 · until 2026
Managing director · represented by Koen Van Looke
Also active at: COEK ENGINEERING, LIMOX, COVOX-TCI, Group Coek
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vaartstraat 27
3600 Genk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.193.333
- VAT number
- BE 0439.193.333
- Registered office
- Vaartstraat 27, 3600 Genk
- Names & denominations
- COVALIM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 1989
- Peppol
- Active · Active since 18 Sept 2025
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