What does COVARIANCE do?

COVARIANCE is a shop in Sambreville. Private Limited, started on 4 February 2016, 2 establishments.

What is the address of COVARIANCE?

The registered office of COVARIANCE is located at Rue du Voisin(AUV) 65, 5060 Sambreville.

Is COVARIANCE still active?

Yes. According to the CBE (30 October 2026) COVARIANCE is active, legal situation “Normale toestand”, started on 4 February 2016.

Is COVARIANCE registered on Peppol?

Yes, COVARIANCE is registered on the Peppol network with ID 0208:0647815884.

What is the enterprise number of COVARIANCE?

The enterprise number of COVARIANCE is BE0647815884.

When was COVARIANCE founded?

COVARIANCE was founded on 4 February 2016.

Who are the directors of COVARIANCE?

According to the 2025 annual accounts, the directors of COVARIANCE are: Francesco Pizzolante.

Is COVARIANCE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 4 February 2016; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did COVARIANCE make in 2025?

COVARIANCE posted a profit after taxes of € 26,794 in financial year 2025.

What is the revenue of COVARIANCE?

As a small company, COVARIANCE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 79,194.

COVARIANCE (Private Limited) - Sambreville - BE0647815884

Dossier COVARIANCE, printed on 30 October 2026 from databakkes.be/en/0647815884/covariance. 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.

Tight liquidity NBB

Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

COVARIANCE from Sambreville, company number BE0647815884, closed financial year 2025 with a result of € 26,794 after tax. For that financial year COVARIANCE recorded a gross margin of € 79,194 and equity of € 104,158. Compared with financial year 2024, the result moved from € -19,227 to € 26,794. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.

What it is worth Growing

€ 104,158

▲ 35% vs 2024

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

Profit Growing

€ 26,794

▲ still € 19,227 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 5,831

▲ € 4,607 vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 85,558.

People and assets in 2025

Vehicles and equipment

€ 3,195

▲ 67% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 14 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.

€ 207,070

▼ 7% vs 2024

€ 14,829 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.

Owed to suppliers

€ 876

▼ 32% vs 2024

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

Taxes

€ 7,781

▲ 69% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 40,259 Gross margin 2022: € 40,259 First fiscal year in the series	€ 42,705 Gross margin 2023: € 42,705 ▲ 6% vs 2022 (€ 40,259) Favourable step	€ 42,480 Gross margin 2024: € 42,480 ▼ 1% vs 2023 (€ 42,705) Unfavourable step	€ 79,194 Gross margin 2025: € 79,194 ▲ 86% vs 2024 (€ 42,480) Favourable step	▲ 86%
Profit after taxes	€ -18,296 Profit after taxes 2022: € -18,296 First fiscal year in the series	€ -17,511 Profit after taxes 2023: € -17,511 ▲ € 785 vs 2022 (€ -18,296) Favourable step	€ -19,227 Profit after taxes 2024: € -19,227 ▼ € 1,717 vs 2023 (€ -17,511) Unfavourable step	€ 26,794 Profit after taxes 2025: € 26,794 ▲ € 46,021 vs 2024 (€ -19,227) Favourable step	▲ € 46,021
Equity	€ 114,103 Equity 2022: € 114,103 First fiscal year in the series	€ 96,592 Equity 2023: € 96,592 ▼ 15% vs 2022 (€ 114,103) Unfavourable step	€ 77,365 Equity 2024: € 77,365 ▼ 20% vs 2023 (€ 96,592) Unfavourable step	€ 104,158 Equity 2025: € 104,158 ▲ 35% vs 2024 (€ 77,365) Favourable step	▲ 35%
Total debts	€ 319,392 Total debts 2022: € 319,392 First fiscal year in the series	€ 312,048 Total debts 2023: € 312,048 ▼ 2% vs 2022 (€ 319,392) Favourable step	€ 291,923 Total debts 2024: € 291,923 ▼ 6% vs 2023 (€ 312,048) Favourable step	€ 247,157 Total debts 2025: € 247,157 ▼ 15% vs 2024 (€ 291,923) Favourable step	▼ 15%
Cash	€ 7,467 Cash 2022: € 7,467 First fiscal year in the series	€ 4,251 Cash 2023: € 4,251 ▼ 43% vs 2022 (€ 7,467) Unfavourable step	€ 1,224 Cash 2024: € 1,224 ▼ 71% vs 2023 (€ 4,251) Unfavourable step	€ 5,831 Cash 2025: € 5,831 ▲ € 4,607 vs 2024 (€ 1,224) Favourable step	▲ € 4,607
Land & buildings	€ 348,356 Land & buildings 2022: € 348,356 First fiscal year in the series	€ 327,003 Land & buildings 2023: € 327,003 ▼ 6% vs 2022 (€ 348,356) Unchanged	€ 305,650 Land & buildings 2024: € 305,650 ▼ 7% vs 2023 (€ 327,003) Unchanged	€ 284,297 Land & buildings 2025: € 284,297 ▼ 7% vs 2024 (€ 305,650) Unchanged	▼ 7%
Retained profit	€ 95,503 Retained profit 2022: € 95,503 First fiscal year in the series	€ 77,992 Retained profit 2023: € 77,992 ▼ 18% vs 2022 (€ 95,503) Unfavourable step	€ 58,765 Retained profit 2024: € 58,765 ▼ 25% vs 2023 (€ 77,992) Unfavourable step	€ 85,558 Retained profit 2025: € 85,558 ▲ 46% vs 2024 (€ 58,765) Favourable step	▲ 46%
Bank debt	€ 249,870 Bank debt 2022: € 249,870 First fiscal year in the series	€ 235,879 Bank debt 2023: € 235,879 ▼ 6% vs 2022 (€ 249,870) Favourable step	€ 221,614 Bank debt 2024: € 221,614 ▼ 6% vs 2023 (€ 235,879) Favourable step	€ 207,070 Bank debt 2025: € 207,070 ▼ 7% vs 2024 (€ 221,614) Favourable step	▼ 7%
Balance sheet total	€ 433,496 Balance sheet total 2022: € 433,496 First fiscal year in the series	€ 408,640 Balance sheet total 2023: € 408,640 ▼ 6% vs 2022 (€ 433,496) Unchanged	€ 369,288 Balance sheet total 2024: € 369,288 ▼ 10% vs 2023 (€ 408,640) Unchanged	€ 351,316 Balance sheet total 2025: € 351,316 ▼ 5% vs 2024 (€ 369,288) Unchanged	▼ 5%

Key figures of COVARIANCE, 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 COVARIANCE?

What happened at COVARIANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 31, 2026 New annual accounts for financial year 2025: profit of € 26,794. Source: NBB ↗
Mar 26, 2018 New establishment in Sambreville. KBO
Feb 4, 2016 New establishment in Sambreville. KBO
2016 Francesco Pizzolante became a director. NBB
Feb 4, 2016 Start of the company according to the CBE. KBO

In short

From € 18,296 loss in 2022 to € 26,794 profit in 2025.

Paid € 963 in corporate taxes since 2022.

Best year ever: 2025, with € 26,794 profit.

Original PDFs at the National Bank ↗

Management

Francesco Pizzolante

COVARIANCE

Behind COVARIANCE is Francesco Pizzolante.

Directors

According to the 2025 annual accounts

Francesco Pizzolante

Manager

since 2016

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Voisin(AUV) 65

5060 Sambreville

2.344.180.390

Rue Saint Sang(AUV) 108

5060 Sambreville

Active since 26 March 2018

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

Details

Company number

0647.815.884

VAT number

BE 0647.815.884

Registered office

Rue du Voisin(AUV) 65, 5060 Sambreville

Names & denominations

COVARIANCE · COVARIANCE / MUSICALITY

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

4 February 2016

Peppol

Active · Active since 4 Apr 2024

Activities · NACE

Detailhandel in ICT-apparatuur

Detailhandel in audio- en videoapparatuur in gespecialiseerde winkels

Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten

Overige diensten op het gebied van informatietechnologie en computer

Ontwerpen van computerprogramma’s

Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels

Gegevensverwerking, webhosting en aanverwante activiteiten

Ontwerpen en programmeren van computerprogramma's

View on CBE Public ↗ Annual accounts (NBB) ↗