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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KOVAR from Ravels, company number BE0632741094, closed financial year 2025 with a result of € -87,182 after tax. For that financial year KOVAR recorded a gross margin of € -1,058 and equity of € -37,807. Compared with financial year 2024, the result moved from € -43,299 to € -87,182. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ -37,807
▼ € 87,182 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -87,182
▼ 101 % more loss than in 2024
Profit after tax over the fiscal year.
€ 44,810
▲ € 36,818 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -87,807.
Debts at end 2025
€ 693,641
▼ 9% vs 2024
€ 71,222 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 125,533
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 273
▼ 11% 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 | € 40,225 | € 45,726 | € 26,572 | € -1,058 | ▼ € 27,630 |
| Profit after taxes | € 3,886 | € -13,685 | € -43,299 | € -87,182 | ▼ € 43,883 |
| Equity | € 106,358 | € 92,674 | € 49,375 | € -37,807 | ▼ € 87,182 |
| Total debts | € 860,180 | € 958,442 | € 1,103,784 | € 1,198,892 | ▲ 9% |
| Cash | € 7,920 | € 31 | € 7,992 | € 44,810 | ▲ € 36,818 |
| Land & buildings | € 743,939 | € 743,890 | € 836,093 | € 831,752 | ▼ 1% |
| Retained profit | € 56,358 | € 42,674 | € -625 | € -87,807 | ▼ € 87,182 |
| Bank debt | € 766,289 | € 785,085 | € 764,014 | € 693,641 | ▼ 9% |
| Balance sheet total | € 966,539 | € 1,051,115 | € 1,153,159 | € 1,161,085 | ▲ 1% |
Key figures of KOVAR, 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 KOVAR?
What happened at KOVAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 87,182. Source: NBB ↗
- Jan Kokx became a director. NBB
- New establishment in Ravels. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,886 profit in 2022 to € 87,182 loss in 2025.
Paid € 930 in corporate taxes since 2022.
Best year ever: 2022, with € 3,886 profit.
Management
Behind KOVAR is Jan Kokx.
Directors
According to the 2025 annual accounts
Jan Kokx
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Koningsstraat 17
2381 Ravels
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0632.741.094
- VAT number
- BE 0632.741.094
- Registered office
- Koningsstraat 17, 2381 Ravels
- Names & denominations
- KOVAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2015
- Peppol
- Active · Active since 29 Jul 2025
- Activities · NACE
Gemengd landbouwbedrijf
Landschapsverzorging
Reparatie en onderhoud van machines
Opslag
Bouwrijp maken van terreinen
Niet-gespecialiseerde groothandel
Verhuur en lease van landbouwmachines en -werktuigen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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