Financials
Financial year 2025
ACOVA from Sint-Martens-Latem, company number BE0668412944, closed financial year 2025 with a result of € 30,664 after tax. Compared with financial year 2024, the result moved from € 518,535 to € 30,664. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 9, 2026.
€ 12.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,664
▼ 94% vs 2024
Profit after tax over the fiscal year.
€ 5,540
▼ 95% 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 € 9.9 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,708
▼ 99% 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 | |
|---|---|---|---|---|---|
| Revenue | € 785,000 | € 560,000 | € 660,000 | - | |
| Profit after taxes | € 1,717,368 | € 1,156,118 | € 518,535 | € 30,664 | ▼ 94% |
| Equity | € 10,363,497 | € 11,519,615 | € 12,038,150 | € 12,068,814 | |
| Total debts | € 731,968 | € 366,626 | € 323,723 | € 146,001 | ▼ 55% |
| Cash | € 783,754 | € 243,653 | € 111,297 | € 5,540 | ▼ 95% |
| Retained profit | € 8,186,497 | € 9,342,615 | € 9,861,150 | € 9,891,814 | |
| Balance sheet total | € 11,095,465 | € 11,886,241 | € 12,361,873 | € 12,214,816 | ▼ 1% |
Key figures of ACOVA, 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 April 2027.
What happened to ACOVA?
What happened at ACOVA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,664 (▼ 94% vs 2024). Source: NBB ↗
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.7 million profit in 2022 to € 30,664 profit in 2025.
Paid € 492,136 in corporate taxes since 2022.
Best year ever: 2022, with € 1.7 million profit.
Management
Behind ACOVA is Olivier Van Den Broeke. It owns 99.8% of Gent Motors itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Baarle-Frankrijkstraat 55 box A
9830 Sint-Martens-Latem
Baarle-Frankrijkstraat 55A
9830 Sint-Martens-Latem
Active since 23 December 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0668.412.944
- VAT number
- BE 0668.412.944
- Registered office
- Baarle-Frankrijkstraat 55 bus A, 9830 Sint-Martens-Latem
- Names & denominations
- ACOVA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2016
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
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