What does COVERCO do?

COVERCO is registered with the CBE as active in: Verhuur van niet-residentiële gebouwen. Public Limited, started on 19 March 2003, 1 establishment.

What is the address of COVERCO?

The registered office of COVERCO is located at Graanstraat 19, 2490 Balen.

Is COVERCO still active?

Yes. According to the CBE (29 October 2026) COVERCO is active, legal situation “Normale toestand”, started on 19 March 2003.

Is COVERCO registered on Peppol?

Yes, COVERCO is registered on the Peppol network with ID 0208:0479805352.

What is the enterprise number of COVERCO?

The enterprise number of COVERCO is BE0479805352.

When was COVERCO founded?

COVERCO was founded on 19 March 2003.

It owns 100% of PINUS PRO, 96% of CONVENS and 82.5% of AGRICON itself.

Is COVERCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 March 2003; 4 annual accounts filed, latest fiscal year 2025.

How much profit did COVERCO make in 2025?

COVERCO posted a profit after taxes of € 15,139,163 in financial year 2025.

What is the revenue of COVERCO?

As a small company, COVERCO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,358,104.

How much does an employee at COVERCO earn?

The average wage cost per full-time employee at COVERCO was € 68,800 in 2025: staff costs of € 117,020 for 1.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does COVERCO have?

According to the 2025 annual accounts, COVERCO has 1.7 full-time equivalents (FTE).

COVERCO (Public Limited) - Balen - BE0479805352

Dossier COVERCO, printed on 29 October 2026 from databakkes.be/en/0479805352/coverco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 6.6 to 1.7.

Financials

Financial year 2025

COVERCO from Balen, company number BE0479805352, closed financial year 2025 with a result of € 15.1 million after tax. For that financial year COVERCO recorded a gross margin of € 1.4 million and equity of € 19.2 million. Compared with financial year 2024, the result moved from € -631,691 to € 15.1 million. 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 February 27, 2026.

What it is worth Growing

€ 19.2 million

▲ 192% vs 2024

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

Profit Growing

€ 15.1 million

▲ still € 631,691 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 17.9 million

▲ € 15 million vs 2024

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

Where the profit goes Pays out

€ 842,001 paid out

6 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

1.7

▼ 3.9 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 117,020

▼ 68% vs 2024

€ 68,800 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.

Vehicles and equipment

€ 17.5 million

▼ 7% vs 2024

Of which on lease € 17.5 million.

Debts at end 2025

Bank debt ≈ 2508 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 15.6 million

▼ 5% vs 2024

€ 6,222 is repaid this year. At this pace the long-term loan is gone in ≈ 2508 years.

Owed to suppliers

€ 22,063

▼ 89% vs 2024

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

Taxes and wages

€ 1.4 million

▲ € 1.4 million vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 513,525 Gross margin 2022: € 513,525 First fiscal year in the series	€ 8,673,023 Gross margin 2023: € 8,673,023 ▲ € 8.2 million vs 2022 (€ 513,525) Favourable step	€ 1,687,805 Gross margin 2024: € 1,687,805 ▼ 81% vs 2023 (€ 8,673,023) Unfavourable step	€ 1,358,104 Gross margin 2025: € 1,358,104 ▼ 20% vs 2024 (€ 1,687,805) Unfavourable step	▼ 20%
Profit after taxes	€ 24,968 Profit after taxes 2022: € 24,968 First fiscal year in the series	€ 5,147,894 Profit after taxes 2023: € 5,147,894 ▲ € 5.1 million vs 2022 (€ 24,968) Favourable step	€ -631,691 Profit after taxes 2024: € -631,691 ▼ € 5.8 million vs 2023 (€ 5,147,894) Unfavourable step	€ 15,139,163 Profit after taxes 2025: € 15,139,163 ▲ € 15.8 million vs 2024 (€ -631,691) Favourable step	▲ € 15.8 million
Equity	€ 2,050,914 Equity 2022: € 2,050,914 First fiscal year in the series	€ 7,198,808 Equity 2023: € 7,198,808 ▲ 251% vs 2022 (€ 2,050,914) Favourable step	€ 6,567,117 Equity 2024: € 6,567,117 ▼ 9% vs 2023 (€ 7,198,808) Unfavourable step	€ 19,156,279 Equity 2025: € 19,156,279 ▲ 192% vs 2024 (€ 6,567,117) Favourable step	▲ 192%
Total debts	€ 7,079,390 Total debts 2022: € 7,079,390 First fiscal year in the series	€ 21,389,888 Total debts 2023: € 21,389,888 ▲ 202% vs 2022 (€ 7,079,390) Unfavourable step	€ 17,240,231 Total debts 2024: € 17,240,231 ▼ 19% vs 2023 (€ 21,389,888) Favourable step	€ 17,579,724 Total debts 2025: € 17,579,724 ▲ 2% vs 2024 (€ 17,240,231) Unfavourable step	▲ 2%
Cash	€ 699,401 Cash 2022: € 699,401 First fiscal year in the series	€ 4,486,817 Cash 2023: € 4,486,817 ▲ € 3.8 million vs 2022 (€ 699,401) Favourable step	€ 2,902,970 Cash 2024: € 2,902,970 ▼ 35% vs 2023 (€ 4,486,817) Unfavourable step	€ 17,868,480 Cash 2025: € 17,868,480 ▲ € 15 million vs 2024 (€ 2,902,970) Favourable step	▲ € 15 million
Land & buildings	€ 1,296,610 Land & buildings 2022: € 1,296,610 First fiscal year in the series	€ 1,357,280 Land & buildings 2023: € 1,357,280 ▲ 5% vs 2022 (€ 1,296,610) Unchanged	€ 1,425,370 Land & buildings 2024: € 1,425,370 ▲ 5% vs 2023 (€ 1,357,280) Unchanged	€ 1,581,622 Land & buildings 2025: € 1,581,622 ▲ 11% vs 2024 (€ 1,425,370) Unchanged	▲ 11%
Retained profit	€ 280,914 Retained profit 2022: € 280,914 First fiscal year in the series	€ 5,428,808 Retained profit 2023: € 5,428,808 ▲ € 5.1 million vs 2022 (€ 280,914) Favourable step	€ 4,797,117 Retained profit 2024: € 4,797,117 ▼ 12% vs 2023 (€ 5,428,808) Unfavourable step	€ 19,094,279 Retained profit 2025: € 19,094,279 ▲ 298% vs 2024 (€ 4,797,117) Favourable step	▲ 298%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 842,001 Dividend 2025: € 842,001 Unchanged (€ 0) Unchanged
Bank debt	€ 2,738,902 Bank debt 2022: € 2,738,902 First fiscal year in the series	€ 17,156,800 Bank debt 2023: € 17,156,800 ▲ € 14.4 million vs 2022 (€ 2,738,902) Unfavourable step	€ 16,503,133 Bank debt 2024: € 16,503,133 ▼ 4% vs 2023 (€ 17,156,800) Favourable step	€ 15,605,453 Bank debt 2025: € 15,605,453 ▼ 5% vs 2024 (€ 16,503,133) Favourable step	▼ 5%
Balance sheet total	€ 9,299,804 Balance sheet total 2022: € 9,299,804 First fiscal year in the series	€ 30,734,848 Balance sheet total 2023: € 30,734,848 ▲ 230% vs 2022 (€ 9,299,804) Unchanged	€ 25,818,229 Balance sheet total 2024: € 25,818,229 ▼ 16% vs 2023 (€ 30,734,848) Unchanged	€ 38,611,613 Balance sheet total 2025: € 38,611,613 ▲ 50% vs 2024 (€ 25,818,229) Unchanged	▲ 50%
Employees (FTE)	6.8 Employees (FTE) 2022: 6.8 First fiscal year in the series	6.6 Employees (FTE) 2023: 6.6 ▼ 0.2 vs 2022 (6.8) Unchanged	5.6 Employees (FTE) 2024: 5.6 ▼ 1 vs 2023 (6.6) Unchanged	1.7 Employees (FTE) 2025: 1.7 ▼ 3.9 vs 2024 (5.6) Unchanged	▼ 3.9

Key figures of COVERCO, 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 January 2027.

What happened to COVERCO?

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

Feb 27, 2026 New annual accounts for financial year 2025: profit of € 15.1 million. filed late Source: NBB ↗
Apr 14, 2003 New establishment in Balen. KBO
Mar 19, 2003 Start of the company according to the CBE. KBO

In short

From € 24,968 profit in 2022 to € 15.1 million profit in 2025.

Paid € 1.4 million in corporate taxes since 2022.

Best year ever: 2025, with € 15.1 million profit.

On average € 798,900 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Establishments

Establishment units

Physical locations of this company

Registered office

Graanstraat 19

2490 Balen

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 →

CONVENS same network

€ 488,539 gross margin · 2025

CONVENS-VERBRAEKEN

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

Details

Company number

0479.805.352

VAT number

BE 0479.805.352

Registered office

Graanstraat 19, 2490 Balen

Names & denominations

COVERCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

19 March 2003

Peppol

Active · Active since 23 Jul 2026

Activities · NACE

Verhuur van niet-residentiële gebouwen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Activiteiten van holdings

Managementactiviteiten van holdings

Holdings

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige fiscale dienstverlening

Boekhouders

View on CBE Public ↗ Annual accounts (NBB) ↗