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 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COVAN INVEST from Izegem, company number BE0477626515, closed financial year 2025 with a result of € -9,970 after tax. For that financial year COVAN INVEST recorded a gross margin of € 47,387 and equity of € 98,571. Compared with financial year 2024, the result moved from € 200 to € -9,970. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 28, 2025.
€ 98,571
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,970
▼ still € 200 profit in 2024
Profit after tax over the fiscal year.
€ 1,376
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 28,622.
People and assets in 2025
€ 12,939
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 975
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 284,893
▼ 5% vs 2024
€ 11,661 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 23,542
▲ 105% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 456
▼ 89% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 47,077 | € 70,191 | € 55,045 | € 47,387 | ▼ 14% |
| Profit after taxes | € 6,508 | € 12,845 | € 200 | € -9,970 | ▼ € 10,170 |
| Equity | € 95,496 | € 108,341 | € 108,541 | € 98,571 | ▼ 9% |
| Total debts | € 698,548 | € 677,761 | € 649,664 | € 647,110 | |
| Cash | € 7,471 | € 5,396 | € 12,126 | € 1,376 | ▼ 89% |
| Land & buildings | € 739,008 | € 726,894 | € 708,420 | € 689,947 | ▼ 3% |
| Retained profit | € 25,547 | € 38,392 | € 38,592 | € 28,622 | ▼ 26% |
| Bank debt | € 371,413 | € 323,659 | € 301,055 | € 284,893 | ▼ 5% |
| Balance sheet total | € 794,044 | € 786,102 | € 758,205 | € 745,681 | ▼ 2% |
Key figures of COVAN INVEST, 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 October 2026.
What happened to COVAN INVEST?
What happened at COVAN INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,970 (▼ € 10,170 vs 2024). filed late Source: NBB ↗
- Daphne Maertens became a director. NBB
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
- Jürgen Combes became a director. NBB
In short
From € 6,508 profit in 2022 to € 9,970 loss in 2025.
Paid € 10,561 in corporate taxes since 2022.
Best year ever: 2023, with € 12,845 profit.
A new publication or filing at COVAN INVEST? We notify you, reason included.
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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
Behind COVAN INVEST are Daphne Maertens and Jürgen Combes.
Directors
According to the 2025 annual accounts
Daphne Maertens
Manager
since 2009
Jürgen Combes
Manager
since 2002
Establishments
Establishment units
Physical locations of this company
Rhodesstraat 5
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.626.515
- VAT number
- BE 0477.626.515
- Registered office
- Rhodesstraat 5, 8870 Izegem
- Names & denominations
- COVAN INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 2002
- Peppol
- Active · Active since 17 Nov 2025
- Contact
- 0488310967
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Overige gespecialiseerde bouwwerkzaamheden