Financials
Financial year 2025
COVAMEN from Soumagne, company number BE0465784201, closed financial year 2025 with a result of € 697,837 after tax. For that financial year COVAMEN recorded a gross margin of € 2.2 million and equity of € 2.4 million. Compared with financial year 2024, the result moved from € 565,060 to € 697,837. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 2.4 million
▲ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 697,837
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 1.4 million
▼ 9% 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 € 2.2 million.
People and assets in 2025
11.6
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 758,499
▲ 24% vs 2024
€ 65,400 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.
€ 2 million
▲ 1% vs 2024
Of which on lease € 1.9 million.
Debts at end 2025
€ 2.4 million
€ 467,126 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.2 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 147,772
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 831,351 | € 1,019,209 | € 1,798,291 | € 2,155,193 | ▲ 20% |
| Profit after taxes | € 97,499 | € 111,359 | € 565,060 | € 697,837 | ▲ 23% |
| Equity | € 1,126,459 | € 1,260,808 | € 1,738,549 | € 2,431,842 | ▲ 40% |
| Total debts | € 4,129,001 | € 9,328,350 | € 6,378,896 | € 5,494,543 | ▼ 14% |
| Cash | € 293,882 | € 557,114 | € 1,488,533 | € 1,353,190 | ▼ 9% |
| Land & buildings | € 139,733 | € 177,604 | € 106,677 | € 267,993 | ▲ 151% |
| Retained profit | € 903,268 | € 1,014,627 | € 1,511,344 | € 2,209,181 | ▲ 46% |
| Bank debt | € 2,163,909 | € 2,559,028 | € 2,415,589 | € 2,407,168 | |
| Balance sheet total | € 5,341,332 | € 10,668,596 | € 8,190,449 | € 7,990,266 | ▼ 2% |
| Employees (FTE) | 10.3 | 10 | 10.7 | 11.6 | ▲ 0.9 |
Key figures of COVAMEN, 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 COVAMEN?
What happened at COVAMEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 697,837 (▲ 23% vs 2024). filed late Source: NBB ↗
- COVAGESTION SRL stepped down as director. NBB
- COVAGESTION SRL became a director. NBB
- New establishment in Soumagne. KBO
- Start of the company according to the CBE. KBO
In short
From € 97,499 profit in 2022 to € 697,837 profit in 2025.
Paid € 480,730 in corporate taxes since 2022.
Best year ever: 2025, with € 697,837 profit.
On average € 185,800 of value added per employee in 2025.
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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 COVAGESTION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COVAMENThe shares are held by COVAGESTION (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Mr VANDERSANDEN Roland
Also active at: PORTAFLEX, ENTREPRISES COVACONSTRUCT, COVAMEX
since 2021 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Jean-Louis Paggen 10
4631 Soumagne
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.784.201
- VAT number
- BE 0465.784.201
- Registered office
- Rue Jean-Louis Paggen 10, 4631 Soumagne
- Names & denominations
- COVAMEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 1999
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected]
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof
Dakwerkzaamheden
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Vervaardiging van eetkamer-, zitkamer- en slaapkamermeubelen
Metaalschrijnwerk
Dakbedekking en bouw van dakconstructies