What is the address of COVANCO?

The registered office of COVANCO is located at Ter Beemden 37, 8870 Izegem.

Is COVANCO still active?

Yes. According to the CBE (29 October 2026) COVANCO is active, legal situation “Normale toestand”, started on 5 September 1997.

Is COVANCO registered on Peppol?

Yes, COVANCO is registered on the Peppol network with ID 0208:0461350608.

What is the enterprise number of COVANCO?

The enterprise number of COVANCO is BE0461350608.

When was COVANCO founded?

COVANCO was founded on 5 September 1997.

Who are the directors of COVANCO?

According to the 2025 annual accounts, the directors of COVANCO are: Stefaan Vanquaethem.

Is COVANCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 September 1997; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did COVANCO make in 2025?

COVANCO posted a profit after taxes of € 103,764 in financial year 2025.

What is the revenue of COVANCO?

As a small company, COVANCO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 144,631.

COVANCO (Private Limited) - Izegem - BE0461350608

Q: What does COVANCO do?

COVANCO is registered with the CBE as active in: Administratieve en ondersteunende activiteiten ten behoeve van kantoren. Private Limited, started on 5 September 1997, 1 establishment.

Dossier COVANCO, printed on 29 October 2026 from databakkes.be/en/0461350608/covanco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

COVANCO from Izegem, company number BE0461350608, closed financial year 2025 with a result of € 103,764 after tax. For that financial year COVANCO recorded a gross margin of € 144,631 and equity of € 383,711. Compared with financial year 2024, the result moved from € 97,176 to € 103,764. Profitable, and profit is growing. 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 April 30, 2026.

What it is worth Growing

€ 383,711

▲ 4% vs 2024

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

Profit Growing

€ 103,764

▲ 7% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 289,274

▲ € 240,653 vs 2024

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

Where the profit goes Pays out

€ 88,518 paid out

85 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Vehicles and equipment

€ 92,333

▼ 23% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1,477

▼ 67% vs 2024

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

Taxes

€ 12,218

▼ 35% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 120,462 Gross margin 2022: € 120,462 First fiscal year in the series	€ 135,843 Gross margin 2023: € 135,843 ▲ 13% vs 2022 (€ 120,462) Favourable step	€ 148,663 Gross margin 2024: € 148,663 ▲ 9% vs 2023 (€ 135,843) Favourable step	€ 144,631 Gross margin 2025: € 144,631 ▼ 3% vs 2024 (€ 148,663) Unfavourable step	▼ 3%
Profit after taxes	€ 60,999 Profit after taxes 2022: € 60,999 First fiscal year in the series	€ -24,334 Profit after taxes 2023: € -24,334 ▼ € 85,332 vs 2022 (€ 60,999) Unfavourable step	€ 97,176 Profit after taxes 2024: € 97,176 ▲ € 121,509 vs 2023 (€ -24,334) Favourable step	€ 103,764 Profit after taxes 2025: € 103,764 ▲ 7% vs 2024 (€ 97,176) Favourable step	▲ 7%
Equity	€ 419,702 Equity 2022: € 419,702 First fiscal year in the series	€ 349,579 Equity 2023: € 349,579 ▼ 17% vs 2022 (€ 419,702) Unfavourable step	€ 368,465 Equity 2024: € 368,465 ▲ 5% vs 2023 (€ 349,579) Favourable step	€ 383,711 Equity 2025: € 383,711 ▲ 4% vs 2024 (€ 368,465) Favourable step	▲ 4%
Total debts	€ 343,473 Total debts 2022: € 343,473 First fiscal year in the series	€ 393,413 Total debts 2023: € 393,413 ▲ 15% vs 2022 (€ 343,473) Unfavourable step	€ 485,139 Total debts 2024: € 485,139 ▲ 23% vs 2023 (€ 393,413) Unfavourable step	€ 350,123 Total debts 2025: € 350,123 ▼ 28% vs 2024 (€ 485,139) Favourable step	▼ 28%
Cash	€ 328,911 Cash 2022: € 328,911 First fiscal year in the series	€ 292,424 Cash 2023: € 292,424 ▼ 11% vs 2022 (€ 328,911) Unfavourable step	€ 48,621 Cash 2024: € 48,621 ▼ 83% vs 2023 (€ 292,424) Unfavourable step	€ 289,274 Cash 2025: € 289,274 ▲ € 240,653 vs 2024 (€ 48,621) Favourable step	▲ € 240,653
Land & buildings	€ 177,298 Land & buildings 2022: € 177,298 First fiscal year in the series	€ 170,442 Land & buildings 2023: € 170,442 ▼ 4% vs 2022 (€ 177,298) Unchanged	€ 163,585 Land & buildings 2024: € 163,585 ▼ 4% vs 2023 (€ 170,442) Unchanged	€ 156,729 Land & buildings 2025: € 156,729 ▼ 4% vs 2024 (€ 163,585) Unchanged	▼ 4%
Retained profit	€ 399,142 Retained profit 2022: € 399,142 First fiscal year in the series	€ 329,019 Retained profit 2023: € 329,019 ▼ 18% vs 2022 (€ 399,142) Unfavourable step	€ 347,905 Retained profit 2024: € 347,905 ▲ 6% vs 2023 (€ 329,019) Favourable step	€ 363,151 Retained profit 2025: € 363,151 ▲ 4% vs 2024 (€ 347,905) Favourable step	▲ 4%
Dividend	€ 87,293 Dividend 2022: € 87,293 First fiscal year in the series	€ 45,789 Dividend 2023: € 45,789 ▼ 48% vs 2022 (€ 87,293) Unchanged	€ 78,290 Dividend 2024: € 78,290 ▲ 71% vs 2023 (€ 45,789) Unchanged	€ 88,518 Dividend 2025: € 88,518 ▲ 13% vs 2024 (€ 78,290) Unchanged	▲ 13%
Balance sheet total	€ 763,175 Balance sheet total 2022: € 763,175 First fiscal year in the series	€ 742,992 Balance sheet total 2023: € 742,992 ▼ 3% vs 2022 (€ 763,175) Unchanged	€ 853,604 Balance sheet total 2024: € 853,604 ▲ 15% vs 2023 (€ 742,992) Unchanged	€ 733,834 Balance sheet total 2025: € 733,834 ▼ 14% vs 2024 (€ 853,604) Unchanged	▼ 14%

Key figures of COVANCO, 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 COVANCO?

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

Apr 30, 2026 New annual accounts for financial year 2025: profit of € 103,764 (▲ 7% vs 2024). Source: NBB ↗
Oct 3, 1997 New establishment in Izegem. KBO
Sep 5, 1997 Start of the company according to the CBE. KBO
1997 Stefaan Vanquaethem became a director. NBB

In short

From € 60,999 profit in 2022 to € 103,764 profit in 2025.

Paid € 106,859 in corporate taxes since 2022.

Best year ever: 2025, with € 103,764 profit.

Paid out € 299,890 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Stefaan Vanquaethem

COVANCO

CONXION

Vectis Partners

The Searchers

Behind COVANCO is Stefaan Vanquaethem. Stefaan Vanquaethem is also behind CONXION, Vectis Partners, The Searchers, VECTIS PRIVATE EQUITY III ARKIV and VD Pro Hold.

Directors

According to the 2025 annual accounts

Stefaan Vanquaethem

Director

Also active at: CONXION, Vectis Partners, The Searchers, VECTIS PRIVATE EQUITY III ARKIV, VD Pro Hold, Essaho, SalixCo, VECTIS BEHEER +3 more

since 1997

Establishments

Establishment units

Physical locations of this company

Registered office

Ter Beemden 37

8870 Izegem

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 →

STILISA

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

Details

Company number

0461.350.608

VAT number

BE 0461.350.608

Registered office

Ter Beemden 37, 8870 Izegem

Names & denominations

COVANCO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

5 September 1997

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Administratieve en ondersteunende activiteiten ten behoeve van kantoren

Overige activiteiten i .v.m. administratie, n.e.g.

Diverse administratieve activiteiten ten behoeve van kantoren

Activiteiten van vertalers

Organisatie van congressen en beurzen

Handelsbemiddeling in de niet-gespecialiseerde groothandel

Vertaaldiensten en tolken

Organisatie van salons, tentoonstellingen en beurzen

View on CBE Public ↗ Annual accounts (NBB) ↗

COVANCO

Financials

What happened to COVANCO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions