COVARI is registered with the CBE as active in: Vervaardiging van artikelen van beton voor de bouw. Public Limited, started on 14 June 1995, 1 establishment.

What is the address of COVARI?

The registered office of COVARI is located at De Laetstraat 6, 2845 Niel.

Is COVARI still active?

Yes. According to the CBE (29 October 2026) COVARI is active, legal situation “Normale toestand”, started on 14 June 1995.

Is COVARI registered on Peppol?

Yes, COVARI is registered on the Peppol network with ID 0208:0455503783.

What is the enterprise number of COVARI?

The enterprise number of COVARI is BE0455503783.

When was COVARI founded?

COVARI was founded on 14 June 1995.

Who are the directors of COVARI?

According to the 2025 annual accounts, the directors of COVARI are: Ludo Frans Coeck, Catherine Mariette Coeck, Thomas Dirk Coeck.

Is COVARI a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 June 1995; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did COVARI make in 2025?

COVARI posted a profit after taxes of € 385,061 in financial year 2025.

What is the revenue of COVARI?

In its most recent annual accounts (2025), COVARI reported revenue of € 49,223,633.

How much does an employee at COVARI earn?

The average wage cost per full-time employee at COVARI was € 75,600 in 2025: staff costs of € 5 million for 66.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does COVARI have?

According to the 2025 annual accounts, COVARI has 66.1 full-time equivalents (FTE).

COVARI (Public Limited) - Niel - BE0455503783

Dossier COVARI, printed on 29 October 2026 from databakkes.be/en/0455503783/covari. 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.

Tight liquidity NBB

Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

COVARI from Niel, company number BE0455503783, closed financial year 2025 with a result of € 385,061 after tax. For that financial year COVARI recorded revenue of € 49.2 million and equity of € 7.5 million. Compared with financial year 2024, the result moved from € 699,222 to € 385,061. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 14, 2026.

What it is worth Growing

€ 7.5 million

▲ 13% vs 2024

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

Profit Healthy

€ 385,061

▼ 45% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 266,201

▲ 31% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 6.9 million.

People and assets in 2025

Full-time equivalents

66.1

▲ 1.6 vs 2024

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 9.8 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 5 million

▲ 10% vs 2024

€ 75,600 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

€ 269,522

▼ 26% 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.

€ 8.8 million

▲ 135% vs 2024

€ 2.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 7.8 million

▲ 49% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.

Taxes and wages

€ 916,955

▲ 2% 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
Revenue	€ 28,874,914 Revenue 2022: € 28,874,914 First fiscal year in the series	€ 39,567,684 Revenue 2023: € 39,567,684 ▲ 37% vs 2022 (€ 28,874,914) Favourable step	€ 44,587,629 Revenue 2024: € 44,587,629 ▲ 13% vs 2023 (€ 39,567,684) Favourable step	€ 49,223,633 Revenue 2025: € 49,223,633 ▲ 10% vs 2024 (€ 44,587,629) Favourable step	▲ 10%
Profit after taxes	€ 365,192 Profit after taxes 2022: € 365,192 First fiscal year in the series	€ 256,804 Profit after taxes 2023: € 256,804 ▼ 30% vs 2022 (€ 365,192) Unfavourable step	€ 699,222 Profit after taxes 2024: € 699,222 ▲ 172% vs 2023 (€ 256,804) Favourable step	€ 385,061 Profit after taxes 2025: € 385,061 ▼ 45% vs 2024 (€ 699,222) Unfavourable step	▼ 45%
Equity	€ 5,690,904 Equity 2022: € 5,690,904 First fiscal year in the series	€ 5,947,708 Equity 2023: € 5,947,708 ▲ 5% vs 2022 (€ 5,690,904) Favourable step	€ 6,646,930 Equity 2024: € 6,646,930 ▲ 12% vs 2023 (€ 5,947,708) Favourable step	€ 7,524,491 Equity 2025: € 7,524,491 ▲ 13% vs 2024 (€ 6,646,930) Favourable step	▲ 13%
Total debts	€ 9,486,920 Total debts 2022: € 9,486,920 First fiscal year in the series	€ 17,560,189 Total debts 2023: € 17,560,189 ▲ 85% vs 2022 (€ 9,486,920) Unfavourable step	€ 18,474,188 Total debts 2024: € 18,474,188 ▲ 5% vs 2023 (€ 17,560,189) Unfavourable step	€ 25,695,074 Total debts 2025: € 25,695,074 ▲ 39% vs 2024 (€ 18,474,188) Unfavourable step	▲ 39%
Cash	€ 257,992 Cash 2022: € 257,992 First fiscal year in the series	€ 149,509 Cash 2023: € 149,509 ▼ 42% vs 2022 (€ 257,992) Unfavourable step	€ 202,600 Cash 2024: € 202,600 ▲ 36% vs 2023 (€ 149,509) Favourable step	€ 266,201 Cash 2025: € 266,201 ▲ 31% vs 2024 (€ 202,600) Favourable step	▲ 31%
Retained profit	€ 5,595,904 Retained profit 2022: € 5,595,904 First fiscal year in the series	€ 5,852,708 Retained profit 2023: € 5,852,708 ▲ 5% vs 2022 (€ 5,595,904) Favourable step	€ 6,551,930 Retained profit 2024: € 6,551,930 ▲ 12% vs 2023 (€ 5,852,708) Favourable step	€ 6,936,991 Retained profit 2025: € 6,936,991 ▲ 6% vs 2024 (€ 6,551,930) Favourable step	▲ 6%
Bank debt	€ 5,077,059 Bank debt 2022: € 5,077,059 First fiscal year in the series	€ 3,642,406 Bank debt 2023: € 3,642,406 ▼ 28% vs 2022 (€ 5,077,059) Favourable step	€ 3,757,340 Bank debt 2024: € 3,757,340 ▲ 3% vs 2023 (€ 3,642,406) Unfavourable step	€ 8,846,937 Bank debt 2025: € 8,846,937 ▲ 135% vs 2024 (€ 3,757,340) Unfavourable step	▲ 135%
Balance sheet total	€ 15,177,824 Balance sheet total 2022: € 15,177,824 First fiscal year in the series	€ 23,507,897 Balance sheet total 2023: € 23,507,897 ▲ 55% vs 2022 (€ 15,177,824) Unchanged	€ 25,121,118 Balance sheet total 2024: € 25,121,118 ▲ 7% vs 2023 (€ 23,507,897) Unchanged	€ 33,219,565 Balance sheet total 2025: € 33,219,565 ▲ 32% vs 2024 (€ 25,121,118) Unchanged	▲ 32%
Employees (FTE)	50.8 Employees (FTE) 2022: 50.8 First fiscal year in the series	60.1 Employees (FTE) 2023: 60.1 ▲ 9.3 vs 2022 (50.8) Unchanged	64.5 Employees (FTE) 2024: 64.5 ▲ 4.4 vs 2023 (60.1) Unchanged	66.1 Employees (FTE) 2025: 66.1 ▲ 1.6 vs 2024 (64.5) Unchanged	▲ 1.6

Key figures of COVARI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to COVARI?

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

2028 Ludo Frans Coeck stepped down as director. NBB
2028 Catherine Mariette Coeck stepped down as director. NBB
2028 Thomas Dirk Coeck stepped down as director. NBB
Apr 14, 2026 New annual accounts for financial year 2025: profit of € 385,061 (▼ 45% vs 2024). Source: NBB ↗
2023 Ludo Frans Coeck became a director. NBB
2023 Catherine Mariette Coeck became a director. NBB
2023 Thomas Dirk Coeck became a director. NBB
Jul 27, 1995 New establishment in Niel. KBO

In short

From € 365,192 profit in 2022 to € 385,061 profit in 2025.

Paid € 649,474 in corporate taxes since 2022.

Best year ever: 2024, with € 699,222 profit.

Pays suppliers within 69 days on average.

Original PDFs at the National Bank ↗

Management

ICO 98.4%

The stake of ICO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

COVARI

The shares are held by ICO (98.4%).

Directors

According to the 2025 annual accounts

Ludo Frans Coeck

Director

Also active at: Coeck, ICO

since 2023 · until 2028

Catherine Mariette Coeck

Director

Also active at: Coeck, ICO, Aulino

since 2023 · until 2028

Thomas Dirk Coeck

Managing director

Also active at: Coeck, ICO, Aulino

since 2023 · until 2028

Shareholders

ICO

98.4%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

De Laetstraat 6

2845 Niel

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

Coeck same network

€ 133.2 million revenue · 2025

ICO same network

€ 3.4 million revenue · 2025

COECK EENHEID

LACATHO

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

Details

Company number

0455.503.783

VAT number

BE 0455.503.783

Registered office

De Laetstraat 6, 2845 Niel

Names & denominations

COVARI

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

14 June 1995

Peppol

Active · Active since 27 Oct 2025

Activities · NACE

Vervaardiging van artikelen van beton voor de bouw

Groothandel in bouwmaterialen, algemeen assortiment

Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair

Vervaardiging van hijs-, hef- en transportwerktuigen

View on CBE Public ↗ Annual accounts (NBB) ↗

COVARI

Warning lights

Financials

What happened to COVARI?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions