Financials
Financial year 2025
Covarmed from Kortrijk, company number BE0673533455, closed financial year 2025 with a result of € 784,676 after tax. For that financial year Covarmed recorded a gross margin of € 1.9 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 1.1 million to € 784,676. 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 April 30, 2026.
€ 3.1 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 784,676
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 269% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
76 % of the profit went to the shareholders, mostly to Curafin (100 % of the shares). That is where the money ends up.
People and assets in 2025
15.6
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 843,490
▲ 21% vs 2024
€ 54,100 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.
€ 258,336
▲ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 945,516
▼ 21% vs 2024
€ 283,130 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 114,391
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 161,240
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,932,759 | € 1,784,558 | € 2,074,439 | € 1,947,444 | ▼ 6% |
| Profit after taxes | € 1,167,501 | € 894,539 | € 1,051,223 | € 784,676 | ▼ 25% |
| Equity | € 2,178,961 | € 2,473,499 | € 2,924,723 | € 3,109,398 | ▲ 6% |
| Total debts | € 2,789,519 | € 2,257,239 | € 2,087,597 | € 1,821,147 | ▼ 13% |
| Cash | € 757,202 | € 275,245 | € 359,118 | € 1,325,792 | ▲ 269% |
| Retained profit | € 2,138,161 | € 2,432,699 | € 2,883,923 | € 3,068,598 | ▲ 6% |
| Dividend | € 365,000 | € 600,000 | € 600,000 | € 600,000 | |
| Bank debt | € 1,620,800 | € 1,403,353 | € 1,193,980 | € 945,516 | ▼ 21% |
| Balance sheet total | € 4,968,480 | € 4,730,738 | € 5,012,320 | € 4,930,545 | ▼ 2% |
| Employees (FTE) | 12 | 13.8 | 13.6 | 15.6 | ▲ 2 |
Key figures of Covarmed, 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 Covarmed?
What happened at Covarmed in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marketrading BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 784,676 (▼ 25% vs 2024). Source: NBB ↗
- Marketrading BV became a director. NBB
- Trihold NV became a director. NBB
- First Aid Services BV became a director. NBB
- Curafin NV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million profit in 2022 to € 784,676 profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.2 million profit.
On average € 124,800 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
The stake of Curafin comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CovarmedBehind Covarmed are First Aid Services BV, Trihold NV and Curafin NV. The shares are held by Curafin (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Voet Karel
Also active at: Tendim, Curafin, Trihold, COVARMED FARMA, 2-ORIGIN
since 2017
since 2021
since 2017
Managing director · represented by Vannieuwenhuyze Nicolas
Also active at: VIMEDI, Curafin, COVARMED FARMA
since 2022 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Doenaertstraat(Mar) 11
8510 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0673.533.455
- VAT number
- BE 0673.533.455
- Registered office
- Doenaertstraat(Mar) 11, 8510 Kortrijk
- Names & denominations
- Covarmed
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 March 2017
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- covarmed.be
- Activities · NACE
Groothandel in farmaceutische en medische artikelen
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden
Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Holdings
Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels