Financials
Financial year 2025
COVADAK from Kruisem, company number BE0463564582, closed financial year 2025 with a result of € -14,031 after tax. For that financial year COVADAK recorded a gross margin of € 286,492 and equity of € 306,246. Compared with financial year 2024, the result moved from € 21,999 to € -14,031. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.
€ 306,246
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,031
▼ still € 21,999 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 287,646.
People and assets in 2025
5.6
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 264,311
▼ 12% vs 2024
€ 47,200 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.
€ 47,732
▼ 27% vs 2024
Of which on lease € 5,240.
Debts at end 2025
€ 104,192
▼ 13% vs 2024
€ 9,495 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 54,090
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 861
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 471,968 | € 510,121 | € 362,184 | € 286,492 | ▼ 21% |
| Profit after taxes | € 51,814 | € 99,734 | € 21,999 | € -14,031 | ▼ € 36,031 |
| Equity | € 217,765 | € 309,277 | € 320,277 | € 306,246 | ▼ 4% |
| Total debts | € 274,805 | € 194,552 | € 179,126 | € 159,144 | ▼ 11% |
| Cash | € 56,674 | € 170,116 | € 95,788 | - | |
| Retained profit | € 199,165 | € 290,677 | € 301,677 | € 287,646 | ▼ 5% |
| Dividend | € 0 | € 8,222 | € 11,000 | € 0 | ▼ 100% |
| Bank debt | € 121,291 | € 113,770 | € 119,452 | € 104,192 | ▼ 13% |
| Balance sheet total | € 492,570 | € 503,830 | € 499,403 | € 465,389 | ▼ 7% |
| Employees (FTE) | 7.5 | 6.6 | 6.6 | 5.6 | ▼ 1 |
Key figures of COVADAK, 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 COVADAK?
What happened at COVADAK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,031 (▼ € 36,031 vs 2024). filed late Source: NBB ↗
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 51,814 profit in 2022 to € 14,031 loss in 2025.
Paid € 82,299 in corporate taxes since 2022.
Best year ever: 2023, with € 99,734 profit.
On average € 51,200 of value added per employee in 2025.
Management
Behind COVADAK is TOM DEVOS.
Directors
According to the 2025 annual accounts
TOM DEVOS
Manager
Establishments
Establishment units
Physical locations of this company
Boeregemstraat 6 box A
9750 Kruisem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0463.564.582
- VAT number
- BE 0463.564.582
- Registered office
- Boeregemstraat 6 bus A, 9750 Kruisem
- Names & denominations
- COVADAK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 June 1998
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- covadak.be
- Activities · NACE
Dakwerkzaamheden
Dakbedekking en bouw van dakconstructies
Schrijnwerk
Schrijnwerk van hout of van kunststof
Installatie van isolatie
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Sanitaire werkzaamheden
Metaalschrijnwerk
+3