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 15 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 4.7 to 2.4.
Financials
Financial year 2025
COVESS from Hasselt, company number BE0474695630, closed financial year 2025 with a result of € -987,334 after tax. For that financial year COVESS recorded a gross margin of € -104,125 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 1.4 million to € -987,334. 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 August 31, 2026.
€ 1.5 million
▼ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -987,334
▼ still € 1.4 million profit in 2024
Profit after tax over the fiscal year.
€ 14,326
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -41,192.
People and assets in 2025
2.4
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 116,469
▼ 52% vs 2024
€ 48,500 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.
€ 14,261
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 681,903
▼ 7% vs 2024
€ 34,000 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 335,922
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,231
▼ 67% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 652,817 | € 658,056 | € 2,207,775 | € -104,125 | ▼ € 2.3 million |
| Profit after taxes | € 108,826 | € 45,106 | € 1,399,750 | € -987,334 | ▼ € 2.4 million |
| Equity | € 1,173,186 | € 1,181,492 | € 2,544,442 | € 1,520,308 | ▼ 40% |
| Total debts | € 857,779 | € 1,121,924 | € 1,663,399 | € 1,303,799 | ▼ 22% |
| Cash | € 34,413 | € 85,384 | € 87,048 | € 14,326 | ▼ 84% |
| Land & buildings | € 220,024 | € 33,281 | € 18,531 | € 3,781 | ▼ 80% |
| Retained profit | € -498,714 | € -453,608 | € 946,142 | € -41,192 | ▼ € 987,334 |
| Bank debt | € 366,803 | € 797,651 | € 729,902 | € 681,903 | ▼ 7% |
| Balance sheet total | € 2,030,965 | € 2,303,416 | € 4,207,841 | € 2,824,107 | ▼ 33% |
| Employees (FTE) | 6.6 | 4.7 | 3 | 2.4 | ▼ 0.6 |
Key figures of COVESS, 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 COVESS?
What happened at COVESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 987,334 (▼ € 2.4 million vs 2024). filed late Source: NBB ↗
- New establishment in Sint-Truiden. KBO
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 108,826 profit in 2022 to € 987,334 loss in 2025.
Paid € 26,237 in corporate taxes since 2022.
Best year ever: 2024, with € 1.4 million profit.
On average € 735,900 of value added per employee in 2024.
A new publication or filing at COVESS? We notify you, reason included.
Follow COVESSDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Behind COVESS are D.C.V.E. Solutions BV, Tony Vanswijgenhoven and Hugo Vandormael. Tony Vanswijgenhoven is also behind First Belgian Investments and Covess Production.
Directors
According to the 2025 annual accounts
Director · represented by Johan De Clippeleir
Hugo Vandormael
Director
Establishments
Establishment units
Physical locations of this company
Monninxstraat 52
3510 Hasselt
Fabriekstraat 34
3800 Sint-Truiden
Active since 1 March 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
covess.com
Registered
2001-02-10
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-02-10
Website info
Features
Security
Network
Details
- Company number
- 0474.695.630
- VAT number
- BE 0474.695.630
- Registered office
- Monninxstraat 52, 3510 Hasselt
- Names & denominations
- COVESS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2001
- Peppol
- Active · Active since 2 Oct 2025
- Contact
- covess.com
- Activities · NACE
Vervaardiging van andere producten van kunststof
Vervaardiging van overige producten van kunststof
Vervaardiging van verpakkingsmateriaal van kunststof