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.
€ 376,162
▼ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -149,088
▼ still € 243,376 profit in 2024
Profit after tax over the fiscal year.
€ 216,425
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 357,562.
People and assets in 2025
11.2
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 12,934
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1,454
▼ 47% vs 2024
Loans from banks and other lenders, long and short.
€ 12,694
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 108,568
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 643,370 | € 1,116,663 | € 1,201,984 | € 726,037 | ▼ 40% |
| Profit after taxes | € 52,889 | € 278,809 | € 243,376 | € -149,088 | ▼ € 392,464 |
| Equity | € 186,874 | € 281,874 | € 525,250 | € 376,162 | ▼ 28% |
| Total debts | € 326,126 | € 479,747 | € 337,791 | € 222,716 | ▼ 34% |
| Cash | € 139,750 | € 321,866 | € 363,911 | € 216,425 | ▼ 41% |
| Retained profit | € 168,274 | € 263,274 | € 506,650 | € 357,562 | ▼ 29% |
| Dividend | € 145,820 | € 183,809 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 2,721 | € 1,454 | ▼ 47% |
| Balance sheet total | € 513,000 | € 793,013 | € 863,041 | € 598,877 | ▼ 31% |
| Employees (FTE) | 9 | 11 | 13.4 | 11.2 | ▼ 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:
- New annual accounts for financial year 2025: loss of € 149,088 (▼ € 392,464 vs 2024). Source: NBB ↗
- New establishment in Liège. KBO
- New establishment in Watermaal-Bosvoorde. KBO
- New establishment in Watermaal-Bosvoorde. KBO
- KYUN THIBAUT became a director. NBB
- 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.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
KYUN THIBAUT
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Léopold Wienerlaan 151
1170 Watermaal-Bosvoorde
Vorstlaan 24
1170 Watermaal-Bosvoorde
Active since 1 May 2016
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
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
HETZNER-AS, DE
DNS
OVH DNS
Domain
Domain
covartim.com
Registered
2016-02-17
Registrar
OVH, SAS
Expires
2027-02-17
Website info
Features
Security
Network
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
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