Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
COVAS from Zottegem, company number BE0480259668, closed financial year 2025 with a result of € -17,675 after tax. For that financial year COVAS recorded a gross margin of € 46,251 and equity of € 205,860. Compared with financial year 2024, the result moved from € -10,421 to € -17,675. 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 July 30, 2026.
€ 205,860
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,675
▼ 70 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10,314
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 144,360.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,986
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 151,737 | € 134,365 | € 872 | € 46,251 | ▲ € 45,379 |
| Profit after taxes | € 95,795 | € 90,065 | € -10,421 | € -17,675 | ▼ € 7,254 |
| Equity | € 143,891 | € 233,956 | € 223,535 | € 205,860 | ▼ 8% |
| Total debts | € 189,072 | € 25,781 | € 23,529 | € 116,858 | ▲ € 93,329 |
| Cash | € 36,853 | € 15,683 | € 36,878 | € 10,314 | ▼ 72% |
| Land & buildings | € 302,838 | € 283,067 | € 274,159 | € 368,663 | ▲ 34% |
| Retained profit | € 82,391 | € 172,456 | € 162,035 | € 144,360 | ▼ 11% |
| Bank debt | € 180,832 | € 17,831 | € 17,831 | € 0 | ▼ 100% |
| Balance sheet total | € 366,191 | € 323,750 | € 311,077 | € 383,960 | ▲ 23% |
Key figures of COVAS, 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 COVAS?
What happened at COVAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dirk Cousy stepped down as director. NBB
- William Cousy stepped down as director. NBB
- Ludwig Cousy stepped down as director. NBB
- Johan Cousy stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 17,675. Source: NBB ↗
- André Cousy stepped down as director. NBB
- André Cousy became a director. NBB
- Dirk Cousy became a director. NBB
In short
From € 95,795 profit in 2022 to € 17,675 loss in 2025.
Best year ever: 2022, with € 95,795 profit.
Management
Directors
According to the 2025 annual accounts
André Cousy
Director
since 2021 · until 2025
Dirk Cousy
Managing director
since 2021 · until 2027
William Cousy
Director
since 2021 · until 2027
since 2021 · until 2027
Johan Cousy
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Arthur Scheirisstraat 1
9620 Zottegem
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.
Details
- Company number
- 0480.259.668
- VAT number
- BE 0480.259.668
- Registered office
- Arthur Scheirisstraat 1, 9620 Zottegem
- Names & denominations
- COVAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 2003
- Peppol
- Active · Active since 13 Aug 2026