Financials
Financial year 2025
COVREX from Geel, company number BE0685906695, closed financial year 2025 with a result of € -272,480 after tax. For that financial year COVREX recorded a gross margin of € -117,326 and equity of € 4.5 million. Compared with financial year 2024, the result moved from € 321,908 to € -272,480. 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 30, 2026.
€ 4.5 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -272,480
▼ still € 321,908 profit in 2024
Profit after tax over the fiscal year.
€ 76,151
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.1 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 98
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 32,024
▼ 59% vs 2024
Loans from banks and other lenders, long and short.
€ 5,666
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,119
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 9,857,948 | € 5,160,179 | - | |
| Gross margin | € 4,675,895 | - | - | € -117,326 | |
| Profit after taxes | € 1,102,968 | € -380 | € 321,908 | € -272,480 | ▼ € 594,388 |
| Equity | € 4,405,173 | € 4,404,794 | € 4,726,702 | € 4,454,222 | ▼ 6% |
| Total debts | € 2,185,506 | € 1,660,963 | € 1,104,164 | € 39,809 | ▼ 96% |
| Cash | € 525,019 | € 803,675 | € 580,626 | € 76,151 | ▼ 87% |
| Retained profit | € 4,061,101 | € 4,060,721 | € 4,382,629 | € 4,110,150 | ▼ 6% |
| Bank debt | € 195,542 | € 126,186 | € 78,803 | € 32,024 | ▼ 59% |
| Balance sheet total | € 6,590,680 | € 6,065,757 | € 5,830,866 | € 4,494,031 | ▼ 23% |
| Employees (FTE) | 36.7 | 25.8 | 0 | 0 |
Key figures of COVREX, 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 COVREX?
What happened at COVREX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 272,480 (▼ € 594,388 vs 2024). Source: NBB ↗
- T&A Holding BV became a director. NBB
- New establishment in Aarschot. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 272,480 loss in 2025.
Paid € 597,727 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
On average € 127,400 of value added per employee in 2022.
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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 T&A Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COVREXBehind COVREX is T&A Holding BV. The shares are held by T&A Holding (100%).
Directors
According to the 2025 annual accounts
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Klaus-Michael Kuehnelaan 9
2440 Geel
Nieuwlandlaan 87
3200 Aarschot
Active since 1 January 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →TECHNICS & APPLICATIONS
€ 45.4 million revenue · 2025
MORGANA
€ -7,948 gross margin · 2025
STOVER
€ 450,000 revenue · 2025
PoolNet Group same network
€ -2,790 gross margin · 2025
T&A Holding same network
€ 4.6 million revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
TELENET-AS, BE
Domain
Domain
covrex.com
Registered
2004-02-17
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-02-17
Website info
Features
Security
Details
- Company number
- 0685.906.695
- VAT number
- BE 0685.906.695
- Registered office
- Klaus-Michael Kuehnelaan 9, 2440 Geel
- Names & denominations
- COVREX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2017
- Peppol
- Active · Active since 30 Dec 2025
- Contact
- covrex.com
- Activities · NACE
Detailhandel in overige bouwmaterialen, neg
Vervaardiging van andere producten van kunststof
Verspanend bewerken van metalen
Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen
Reparatie en onderhoud van machines
Vervaardiging van andere elektrische apparatuur