Financials
Financial year 2025
COVALGO from Affligem, company number BE0632862741, closed financial year 2025 with a result of € 14,017 after tax. For that financial year COVALGO recorded a gross margin of € 17,553 and equity of € 142,995. Compared with financial year 2024, the result moved from € -49,889 to € 14,017. 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 December 11, 2025.
€ 142,995
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,017
▲ still € 49,889 loss in 2024
Profit after tax over the fiscal year.
€ 59,249
▼ 17% 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 € 124,395.
People and assets in 2025
€ 4,413
▲ 178% 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.
€ 8,936
▲ € 8,380 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,409
▲ 156% 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 | € 36,679 | € 23,959 | € -48,449 | € 17,553 | ▲ € 66,002 |
| Profit after taxes | € 23,839 | € 15,939 | € -49,889 | € 14,017 | ▲ € 63,906 |
| Equity | € 199,616 | € 178,866 | € 128,978 | € 142,995 | ▲ 11% |
| Total debts | € 12,361 | € 48,200 | € 36,747 | € 19,086 | ▼ 48% |
| Cash | € 31,977 | € 14,791 | € 71,639 | € 59,249 | ▼ 17% |
| Retained profit | € 181,016 | € 160,266 | € 110,378 | € 124,395 | ▲ 13% |
| Dividend | € 0 | € 36,689 | € 0 | € 0 | |
| Balance sheet total | € 211,977 | € 227,066 | € 165,725 | € 162,080 | ▼ 2% |
Key figures of COVALGO, 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 COVALGO?
What happened at COVALGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,017. Source: NBB ↗
- New establishment in Affligem. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,839 profit in 2022 to € 14,017 profit in 2025.
Paid € 18,145 in corporate taxes since 2022.
Best year ever: 2022, with € 23,839 profit.
Paid out € 36,689 in dividends to the owners in total.
Management
Behind COVALGO are JACQUES DONNERS and MARTINE SCHELFHOUT. The same people are also behind DS CONSULT and MARMOCER. JACQUES DONNERS is also behind R.G. Rosseau G. Tegelfabriek, CARRO INVEST WAREHOUSING, SEDCO, Tegelfabriek van Massenhoven and Daldecor. MARTINE SCHELFHOUT is also behind MMDS.
Directors
According to the 2025 annual accounts
JACQUES DONNERS
Director
Also active at: R.G. Rosseau G. Tegelfabriek, CARRO INVEST WAREHOUSING, SEDCO, Tegelfabriek van Massenhoven, Daldecor, SCHELFHOUT, KERAMOS, ARGILE & KERAMIEK +11 more
Establishments
Establishment units
Physical locations of this company
Geukenshage 44
1790 Affligem
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
- 0632.862.741
- VAT number
- BE 0632.862.741
- Registered office
- Geukenshage 44, 1790 Affligem
- Names & denominations
- COVALGO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2015
- Peppol
- Active · Active since 3 Apr 2026
- Activities · NACE
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Activiteiten van holdings
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Handel in eigen onroerend goed
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