What does Kovalam do?

Kovalam is registered with the CBE as active in: Handel in eigen onroerend goed. Private Limited, started on 27 August 2015, 2 establishments.

What is the address of Kovalam?

The registered office of Kovalam is located at Penelopelaan 69, 1190 Vorst.

Is Kovalam still active?

Yes. According to the CBE (29 October 2026) Kovalam is active, legal situation “Normale toestand”, started on 27 August 2015.

Is Kovalam registered on Peppol?

Yes, Kovalam is registered on the Peppol network with ID 0208:0635837374.

What is the enterprise number of Kovalam?

The enterprise number of Kovalam is BE0635837374.

When was Kovalam founded?

Kovalam was founded on 27 August 2015.

Who are the directors of Kovalam?

According to the 2025 annual accounts, the directors of Kovalam are: Gaël Ignacio, Yannick Ignacio.

Is Kovalam a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 August 2015; 3 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did Kovalam make in 2025?

Kovalam recorded a loss after taxes of € 92,883 in financial year 2025.

What is the revenue of Kovalam?

As a small company, Kovalam is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -26,841.

Kovalam (Private Limited) - Vorst - BE0635837374

Dossier Kovalam, printed on 29 October 2026 from databakkes.be/en/0635837374/kovalam. 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.

Negative equity NBB

More debt than assets in 3 of the last 3 fiscal years.
Two loss years in a row NBB

Negative result in 2023 and 2025.
Tight liquidity NBB

Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Kovalam from Vorst, company number BE0635837374, closed financial year 2025 with a result of € -92,883 after tax. For that financial year Kovalam recorded a gross margin of € -26,841 and equity of € -540,964. Compared with financial year 2023, the result moved from € -93,395 to € -92,883. 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 February 27, 2026.

What it is worth Caution

€ -540,964

▼ € 143,742 vs 2023

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

Loss Caution

€ -92,883

▲ 1 % less loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 1,152

▼ 92% vs 2023

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -640,964.

People and assets in 2025

Wage cost

€ 38,579

▼ 9% vs 2023

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

€ 31,237

▲ € 30,548 vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 15 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.

€ 165,828

▼ 42% vs 2023

€ 10,860 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.

Owed to suppliers

€ 2,266

▼ 99% vs 2023

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

Taxes and wages

€ 30,650

▲ 29% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2025	Change 2023 → 2025
Gross margin	€ -240,359 Gross margin 2022: € -240,359 First fiscal year in the series	€ -31,629 Gross margin 2023: € -31,629 ▲ € 208,730 vs 2022 (€ -240,359) Favourable step	€ -26,841 Gross margin 2025: € -26,841 ▲ € 4,788 vs 2023 (€ -31,629) Favourable step	▲ € 4,788
Profit after taxes	€ -344,324 Profit after taxes 2022: € -344,324 First fiscal year in the series	€ -93,395 Profit after taxes 2023: € -93,395 ▲ € 250,929 vs 2022 (€ -344,324) Favourable step	€ -92,883 Profit after taxes 2025: € -92,883 ▲ € 511 vs 2023 (€ -93,395) Favourable step	▲ € 511
Equity	€ -303,828 Equity 2022: € -303,828 First fiscal year in the series	€ -397,222 Equity 2023: € -397,222 ▼ € 93,395 vs 2022 (€ -303,828) Unfavourable step	€ -540,964 Equity 2025: € -540,964 ▼ € 143,742 vs 2023 (€ -397,222) Unfavourable step	▼ € 143,742
Total debts	€ 2,812,339 Total debts 2022: € 2,812,339 First fiscal year in the series	€ 2,627,377 Total debts 2023: € 2,627,377 ▼ 7% vs 2022 (€ 2,812,339) Favourable step	€ 2,522,291 Total debts 2025: € 2,522,291 ▼ 4% vs 2023 (€ 2,627,377) Favourable step	▼ 4%
Cash	€ 82,700 Cash 2022: € 82,700 First fiscal year in the series	€ 13,796 Cash 2023: € 13,796 ▼ 83% vs 2022 (€ 82,700) Unfavourable step	€ 1,152 Cash 2025: € 1,152 ▼ 92% vs 2023 (€ 13,796) Unfavourable step	▼ 92%
Retained profit	€ -403,828 Retained profit 2022: € -403,828 First fiscal year in the series	€ -497,222 Retained profit 2023: € -497,222 ▼ € 93,395 vs 2022 (€ -403,828) Unfavourable step	€ -640,964 Retained profit 2025: € -640,964 ▼ € 143,742 vs 2023 (€ -497,222) Unfavourable step	▼ € 143,742
Bank debt	€ 288,000 Bank debt 2022: € 288,000 First fiscal year in the series	€ 288,000 Bank debt 2023: € 288,000 Unchanged (€ 288,000) Unchanged	€ 165,828 Bank debt 2025: € 165,828 ▼ 42% vs 2023 (€ 288,000) Favourable step	▼ 42%
Balance sheet total	€ 2,508,511 Balance sheet total 2022: € 2,508,511 First fiscal year in the series	€ 2,230,155 Balance sheet total 2023: € 2,230,155 ▼ 11% vs 2022 (€ 2,508,511) Unchanged	€ 1,981,327 Balance sheet total 2025: € 1,981,327 ▼ 11% vs 2023 (€ 2,230,155) Unchanged	▼ 11%

Key figures of Kovalam, 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 Kovalam?

What happened at Kovalam 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: loss of € 92,883. filed late Source: NBB ↗
Sep 1, 2021 New establishment in Ukkel. KBO
Aug 27, 2015 New establishment in Vorst. KBO
Aug 27, 2015 Start of the company according to the CBE. KBO
2015 Gaël Ignacio became a director. NBB
2015 Yannick Ignacio became a director. NBB

In short

From € 344,324 loss in 2022 to € 92,883 loss in 2025.

Original PDFs at the National Bank ↗

Management

Gaël Ignacio Yannick Ignacio

YRIDIA

Kovalam

Behind Kovalam are Gaël Ignacio and Yannick Ignacio. The same people are also behind YRIDIA.

Directors

According to the 2025 annual accounts

Gaël Ignacio

Director

Also active at: YRIDIA

since 2015

Yannick Ignacio

Director

Also active at: YRIDIA

since 2015

Establishments

Establishment units

Physical locations of this company

Registered office

Penelopelaan 69

1190 Vorst

2.321.336.989

Waterloosesteenweg 1038

1180 Ukkel

Active since 1 September 2021

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 →

IMMO RAMSHOEK

€ 13,261 gross margin · 2024

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

Details

Company number

0635.837.374

VAT number

BE 0635.837.374

Registered office

Penelopelaan 69, 1190 Vorst

Names & denominations

Kovalam

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

27 August 2015

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Handel in eigen onroerend goed

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

Kovalam

Warning lights

Financials

What happened to Kovalam?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions