Financials
Financial year 2025
COVELAN from Vleteren, company number BE0506926354, closed financial year 2025 with a result of € 37,775 after tax. For that financial year COVELAN recorded a gross margin of € 98,416 and equity of € 553,655. Compared with financial year 2024, the result moved from € 37,965 to € 37,775. The company is profitable. 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 December 23, 2025.
€ 553,655
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,775
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 451,291
▲ 245% 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 € 533,655.
People and assets in 2025
€ 209
▼ 91% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 855
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,898
▲ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 310,280 | € 51,824 | € 87,461 | € 98,416 | ▲ 13% |
| Profit after taxes | € 208,159 | € 15,396 | € 37,965 | € 37,775 | ▼ 1% |
| Equity | € 462,519 | € 477,915 | € 515,880 | € 553,655 | ▲ 7% |
| Total debts | € 690,602 | € 652,836 | € 577,393 | € 608,352 | ▲ 5% |
| Cash | € 81,346 | € 390,488 | € 130,887 | € 451,291 | ▲ 245% |
| Retained profit | € 442,519 | € 457,915 | € 495,880 | € 533,655 | ▲ 8% |
| Balance sheet total | € 1,153,120 | € 1,130,752 | € 1,093,273 | € 1,162,007 | ▲ 6% |
Key figures of COVELAN, 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 April 2027.
What happened to COVELAN?
What happened at COVELAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 37,775 (▼ 1% vs 2024). Source: NBB ↗
- Dries Covemacker became a director. NBB
- Lieslot Lannoye became a director. NBB
- New establishment in Vleteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 208,159 profit in 2022 to € 37,775 profit in 2025.
Paid € 112,305 in corporate taxes since 2022.
Best year ever: 2022, with € 208,159 profit.
Management
Behind COVELAN are Dries Covemacker and Lieslot Lannoye. It owns 25% of Megalec itself.
Directors
According to the 2025 annual accounts
Dries Covemacker
Director
since 2023
Lieslot Lannoye
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Pottestraat(West) 16
8640 Vleteren
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
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0506.926.354
- VAT number
- BE 0506.926.354
- Registered office
- Pottestraat(West) 16, 8640 Vleteren
- Names & denominations
- COVELAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2014
- Peppol
- Active · Active since 19 Feb 2024
- Activities · NACE
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