What is the address of Covartim?

The registered office of Covartim is located at Léopold Wienerlaan 151, 1170 Watermaal-Bosvoorde.

Is Covartim still active?

Yes. According to the CBE (2 November 2026) Covartim is active, legal situation “Normale toestand”, started on 23 February 2016.

Is Covartim registered on Peppol?

Yes, Covartim is registered on the Peppol network with ID 0208:0648885260.

What is the enterprise number of Covartim?

The enterprise number of Covartim is BE0648885260.

When was Covartim founded?

Covartim was founded on 23 February 2016.

Who are the directors of Covartim?

According to the 2025 annual accounts, the directors of Covartim are: KYUN THIBAUT.

Is Covartim a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 February 2016; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 3 establishments in the CBE.

How much profit did Covartim make in 2025?

Covartim recorded a loss after taxes of € 149,088 in financial year 2025.

What is the revenue of Covartim?

As a small company, Covartim is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 726,037.

How much does an employee at Covartim earn?

The average wage cost per full-time employee at Covartim was € 69,500 in 2025: staff costs of € 778,447 for 11.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Covartim have?

According to the 2025 annual accounts, Covartim has 11.2 full-time equivalents (FTE).

Does Covartim have a website?

Yes, Covartim has a website at covartim.com.

Covartim (Private Limited) - Watermaal-Bosvoorde

Q: What does Covartim do?

Covartim is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Private Limited, started on 23 February 2016, 3 establishments.

Dossier Covartim, printed on 2 November 2026 from databakkes.be/en/0648885260/covartim. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Covartim from Watermaal-Bosvoorde, company number BE0648885260, closed financial year 2025 with a result of € -149,088 after tax. For that financial year Covartim recorded a gross margin of € 726,037 and equity of € 376,162. Compared with financial year 2024, the result moved from € 243,376 to € -149,088. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.

What it is worth Healthy

€ 376,162

▼ 28% vs 2024

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

Loss Caution

€ -149,088

▼ still € 243,376 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 216,425

▼ 41% vs 2024

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 € 357,562.

People and assets in 2025

Full-time equivalents

11.2

▼ 2.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 778,447

▼ 3% vs 2024

€ 69,500 per full-time equivalent. 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

€ 12,934

▼ 36% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 1,454

▼ 47% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 12,694

▼ 65% vs 2024

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

Taxes and wages

€ 108,568

▼ 16% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 643,370 Gross margin 2022: € 643,370 First fiscal year in the series	€ 1,116,663 Gross margin 2023: € 1,116,663 ▲ 74% vs 2022 (€ 643,370) Favourable step	€ 1,201,984 Gross margin 2024: € 1,201,984 ▲ 8% vs 2023 (€ 1,116,663) Favourable step	€ 726,037 Gross margin 2025: € 726,037 ▼ 40% vs 2024 (€ 1,201,984) Unfavourable step	▼ 40%
Profit after taxes	€ 52,889 Profit after taxes 2022: € 52,889 First fiscal year in the series	€ 278,809 Profit after taxes 2023: € 278,809 ▲ € 225,920 vs 2022 (€ 52,889) Favourable step	€ 243,376 Profit after taxes 2024: € 243,376 ▼ 13% vs 2023 (€ 278,809) Unfavourable step	€ -149,088 Profit after taxes 2025: € -149,088 ▼ € 392,464 vs 2024 (€ 243,376) Unfavourable step	▼ € 392,464
Equity	€ 186,874 Equity 2022: € 186,874 First fiscal year in the series	€ 281,874 Equity 2023: € 281,874 ▲ 51% vs 2022 (€ 186,874) Favourable step	€ 525,250 Equity 2024: € 525,250 ▲ 86% vs 2023 (€ 281,874) Favourable step	€ 376,162 Equity 2025: € 376,162 ▼ 28% vs 2024 (€ 525,250) Unfavourable step	▼ 28%
Total debts	€ 326,126 Total debts 2022: € 326,126 First fiscal year in the series	€ 479,747 Total debts 2023: € 479,747 ▲ 47% vs 2022 (€ 326,126) Unfavourable step	€ 337,791 Total debts 2024: € 337,791 ▼ 30% vs 2023 (€ 479,747) Favourable step	€ 222,716 Total debts 2025: € 222,716 ▼ 34% vs 2024 (€ 337,791) Favourable step	▼ 34%
Cash	€ 139,750 Cash 2022: € 139,750 First fiscal year in the series	€ 321,866 Cash 2023: € 321,866 ▲ 130% vs 2022 (€ 139,750) Favourable step	€ 363,911 Cash 2024: € 363,911 ▲ 13% vs 2023 (€ 321,866) Favourable step	€ 216,425 Cash 2025: € 216,425 ▼ 41% vs 2024 (€ 363,911) Unfavourable step	▼ 41%
Retained profit	€ 168,274 Retained profit 2022: € 168,274 First fiscal year in the series	€ 263,274 Retained profit 2023: € 263,274 ▲ 56% vs 2022 (€ 168,274) Favourable step	€ 506,650 Retained profit 2024: € 506,650 ▲ 92% vs 2023 (€ 263,274) Favourable step	€ 357,562 Retained profit 2025: € 357,562 ▼ 29% vs 2024 (€ 506,650) Unfavourable step	▼ 29%
Dividend	€ 145,820 Dividend 2022: € 145,820 First fiscal year in the series	€ 183,809 Dividend 2023: € 183,809 ▲ 26% vs 2022 (€ 145,820) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 183,809) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 2,721 Bank debt 2024: € 2,721 Unchanged (€ 0) Unfavourable step	€ 1,454 Bank debt 2025: € 1,454 ▼ 47% vs 2024 (€ 2,721) Favourable step	▼ 47%
Balance sheet total	€ 513,000 Balance sheet total 2022: € 513,000 First fiscal year in the series	€ 793,013 Balance sheet total 2023: € 793,013 ▲ 55% vs 2022 (€ 513,000) Unchanged	€ 863,041 Balance sheet total 2024: € 863,041 ▲ 9% vs 2023 (€ 793,013) Unchanged	€ 598,877 Balance sheet total 2025: € 598,877 ▼ 31% vs 2024 (€ 863,041) Unchanged	▼ 31%
Employees (FTE)	9 Employees (FTE) 2022: 9 First fiscal year in the series	11 Employees (FTE) 2023: 11 ▲ 2 vs 2022 (9) Unchanged	13.4 Employees (FTE) 2024: 13.4 ▲ 2.4 vs 2023 (11) Unchanged	11.2 Employees (FTE) 2025: 11.2 ▼ 2.2 vs 2024 (13.4) Unchanged	▼ 2.2

Key figures of Covartim, 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 Covartim?

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

Jul 3, 2026 New annual accounts for financial year 2025: loss of € 149,088 (▼ € 392,464 vs 2024). Source: NBB ↗
Sep 1, 2023 New establishment in Liège. KBO
May 1, 2016 New establishment in Watermaal-Bosvoorde. KBO
Feb 23, 2016 New establishment in Watermaal-Bosvoorde. KBO
2016 KYUN THIBAUT became a director. NBB
Feb 23, 2016 Start of the company according to the CBE. KBO

In short

From € 52,889 profit in 2022 to € 149,088 loss in 2025.

Paid € 269,702 in corporate taxes since 2022.

Best year ever: 2023, with € 278,809 profit.

On average € 64,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

KYUN THIBAUT

Covartim

Behind Covartim is KYUN THIBAUT.

Directors

According to the 2025 annual accounts

KYUN THIBAUT

Director

since 2016

Establishments

Establishment units

Physical locations of this company

Registered office

Léopold Wienerlaan 151

1170 Watermaal-Bosvoorde

2.271.187.197

Vorstlaan 24

1170 Watermaal-Bosvoorde

Active since 1 May 2016

2.351.449.452

Rue Louise Michel 1

4000 Liège

Active since 1 September 2023

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

Website

HTTPS covartim.com

About

Technologies

ApacheGoogle AnalyticsSlickreCAPTCHA

Certifications & Partners

ISO 13485CE Marking

Hosting & Email

Email provider

Microsoft 365

Hosting

HETZNER-AS, DE

DNS

OVH DNS

Domain

covartim.com

Registered

2016-02-17

Registrar

OVH, SAS

Expires

2027-02-17

Website info

HTTPS Ja

Languages EN

Features

Webshop Blog Jobs Newsletter Client portal Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number

0648.885.260

VAT number

BE 0648.885.260

Registered office

Léopold Wienerlaan 151, 1170 Watermaal-Bosvoorde

Names & denominations

Covartim

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

23 February 2016

Peppol

Active · Active since 24 Nov 2023

Contact

covartim.com

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

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

Overige vormen van onderwijs

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten

Activiteiten van adviesbureaus op het gebied van public relations en communicatie

Computerconsultancy-activiteiten

Adviesbureaus op het gebied van public relations en communicatie

View on CBE Public ↗ Annual accounts (NBB) ↗

Covartim

Financials

What happened to Covartim?

Management

Directors

Establishments

Establishment units

Website

Technologies

Certifications & Partners

Hosting & Email

Domain

Website info

Features

Security

Network

Details

Frequently asked questions