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 4 of the last 4 fiscal years.
Financials
Financial year 2025
COVALFI GROUP from Tournai, company number BE0646812232, closed financial year 2025 with a result of € 2,398 after tax. For that financial year COVALFI GROUP recorded a gross margin of € 99,877 and equity of € -764,354. Compared with financial year 2024, the result moved from € -34,835 to € 2,398. Profitable, and profit is growing. 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 September 30, 2026.
€ -764,354
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,398
▲ still € 34,835 loss in 2024
Profit after tax over the fiscal year.
€ 3,181
▼ 33% 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 € -1.8 million.
Debts at end 2025
€ 425,650
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 13,921
▲ 193% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 494
▼ 94% 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 | € -28,150 | € -44,033 | € 9,887 | € 99,877 | ▲ € 89,989 |
| Profit after taxes | € 7,497 | € -20,055 | € -34,835 | € 2,398 | ▲ € 37,233 |
| Equity | € -711,863 | € -731,918 | € -766,753 | € -764,354 | |
| Total debts | € 1,322,695 | € 1,608,417 | € 1,770,531 | € 1,756,940 | ▼ 1% |
| Cash | € 43,071 | € 6,654 | € 4,782 | € 3,181 | ▼ 33% |
| Land & buildings | € 337,169 | € 643,485 | € 761,247 | € 755,126 | ▼ 1% |
| Retained profit | € -1,711,863 | € -1,731,918 | € -1,766,753 | € -1,764,354 | |
| Bank debt | € 0 | € 325,840 | € 450,711 | € 425,650 | ▼ 6% |
| Balance sheet total | € 610,832 | € 876,499 | € 1,003,778 | € 992,586 | ▼ 1% |
By gross margin, COVALFI GROUP ranks 2nd of 6 companies with main activity “Activiteiten van holdings” in Tournai that publish figures (fiscal year 2025).
Key figures of COVALFI GROUP, 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.
Ask about COVALFI GROUP the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to COVALFI GROUP?
What happened at COVALFI GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,398. filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Tournai. KBO
In short
From € 7,497 profit in 2022 to € 2,398 profit in 2025.
Best year ever: 2022, with € 7,497 profit.
Management
The stake of A & Co Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COVALFI GROUPBehind COVALFI GROUP is Gregory Auvray. The shares are held by A & Co Invest (0%).
Directors
According to the 2025 annual accounts
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hameau du Fourcroix(BL) 12
7522 Tournai
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.
Similar companies in Tournai
Same main activity (Activiteiten van holdings), 9 active companies in Tournai, largest first.
€ 12.1 million gross margin · 2025
€ 2.1 million revenue · 2025
€ 477,750 revenue · 2025
€ 44,715 gross margin · 2026
€ 18,767 gross margin · 2025
€ 14,374 revenue · 2025
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- AUVRAY Grégory Claude Jean(oprichter) 100%
- A & Co Invest(oprichter) 0%
Details
- Company number
- 0646.812.232
- VAT number
- BE 0646.812.232
- Registered office
- Hameau du Fourcroix(BL) 12, 7522 Tournai
- Names & denominations
- COVALFI GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 January 2016
- Peppol
- Active · Active since 31 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van syndici van onroerend goed