Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
COVAI from Waasmunster, company number BE0754890919, closed financial year 2025 with a result of € -56,037 after tax. For that financial year COVAI recorded a gross margin of € -27,756 and equity of € 3,538. Compared with financial year 2024, the result moved from € -46,495 to € -56,037. The company made a loss. The buffer shrank hard: equity is 94 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 3,538
▼ 94% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -56,037
▼ 21 % more loss than in 2024
Profit after tax over the fiscal year.
€ 86,609
▲ € 81,677 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -296,462.
People and assets in 2025
€ 9,204
▼ 60% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 562,297
▲ € 440,269 vs 2024
€ 9,848 is repaid this year. At this pace the long-term loan is gone in ≈ 57 years.
€ 1,468
▲ € 1,221 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 636
▲ 7% 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 | |
|---|---|---|---|---|---|
| Gross margin | € -34,324 | € -17,715 | € -19,085 | € -27,756 | ▼ € 8,671 |
| Profit after taxes | € -86,569 | € -60,086 | € -46,495 | € -56,037 | ▼ € 9,542 |
| Equity | € 166,156 | € 106,070 | € 59,575 | € 3,538 | ▼ 94% |
| Total debts | € 206,713 | € 272,617 | € 315,069 | € 779,053 | ▲ 147% |
| Cash | € 2,130 | € 7,459 | € 4,932 | € 86,609 | ▲ € 81,677 |
| Land & buildings | € 292,138 | € 297,681 | € 301,183 | € 592,390 | ▲ 97% |
| Retained profit | € -133,844 | € -193,930 | € -240,425 | € -296,462 | ▼ € 56,037 |
| Bank debt | € 141,141 | € 131,640 | € 122,028 | € 562,297 | ▲ € 440,269 |
| Balance sheet total | € 372,869 | € 378,687 | € 374,643 | € 782,591 | ▲ 109% |
Key figures of COVAI, 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 COVAI?
What happened at COVAI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 56,037. Source: NBB ↗
- New establishment in Waasmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 86,569 loss in 2022 to € 56,037 loss in 2025.
Paid € 2,559 in corporate taxes since 2022.
Management
Behind COVAI are Barbara Vincart and Kris Dejaegher.
Directors
According to the 2025 annual accounts
Barbara Vincart
Director
Kris Dejaegher
Director
Establishments
Establishment units
Physical locations of this company
Marktwegel 14
9250 Waasmunster
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
- 0754.890.919
- VAT number
- BE 0754.890.919
- Registered office
- Marktwegel 14, 9250 Waasmunster
- Names & denominations
- COVAI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 2020
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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