Financials
Financial year 2025
CovElite from Herent, company number BE0695726362, closed financial year 2025 with a result of € -37,480 after tax. For that financial year CovElite recorded a gross margin of € -1,280 and equity of € 19,375. Compared with financial year 2024, the result moved from € 10,045 to € -37,480. The company made a loss. The buffer shrank hard: equity is 66 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ 19,375
▼ 66% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37,480
▼ still € 10,045 profit in 2024
Profit after tax over the fiscal year.
€ 790
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 775.
People and assets in 2025
€ 43,019
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 61,830
▼ 25% vs 2024
€ 19,788 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 6,482
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 26,666 | € 28,999 | € 34,412 | € -1,280 | ▼ € 35,691 |
| Profit after taxes | € 9,682 | € 27,646 | € 10,045 | € -37,480 | ▼ € 47,525 |
| Equity | € 19,164 | € 46,810 | € 56,855 | € 19,375 | ▼ 66% |
| Total debts | € 36,228 | € 29,083 | € 93,885 | € 68,312 | ▼ 27% |
| Cash | € 6,722 | € 6,137 | € 4,911 | € 790 | ▼ 84% |
| Retained profit | € 564 | € 27,779 | € 38,255 | € 775 | ▼ 98% |
| Bank debt | € 14,193 | € 12,998 | € 82,556 | € 61,830 | ▼ 25% |
| Balance sheet total | € 55,392 | € 75,893 | € 150,740 | € 87,687 | ▼ 42% |
Key figures of CovElite, 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 October 2026.
What happened to CovElite?
What happened at CovElite in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 37,480 (▼ € 47,525 vs 2024). Source: NBB ↗
- New establishment in Herent. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,682 profit in 2022 to € 37,480 loss in 2025.
Paid € 8,135 in corporate taxes since 2022.
Best year ever: 2023, with € 27,646 profit.
Management
Behind CovElite are Ioan Marian Covaci and Nadina Covaci. Nadina Covaci is also behind Clever Management Solutions & Accountancy.
Directors
According to the 2025 annual accounts
Ioan Marian Covaci
Director
Establishments
Establishment units
Physical locations of this company
Woeringstraat 3
3020 Herent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0695.726.362
- VAT number
- BE 0695.726.362
- Registered office
- Woeringstraat 3, 3020 Herent
- Names & denominations
- CovElite
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 May 2018
- Peppol
- Active · Active since 2 Feb 2026
- Contact
- [email protected]
- Activities · NACE
Algemene elektrotechnische installatiewerken
Overige werkzaamheden in verband met de afwerking van gebouwen
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Bandenservicebedrijven
Overige bouwinstallatie
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Onderhoud en reparatie van motorvoertuigen, neg
Overige zakelijke dienstverlening, neg
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