Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COVAMO from Pelt, company number BE0767455882, closed financial year 2025 with a result of € 801,481 after tax. For that financial year COVAMO recorded revenue of € 92.3 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 569,248 to € 801,481. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ 2 million
▲ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 801,481
▲ 41% vs 2024
Profit after tax over the fiscal year.
€ 856,703
▼ 40% 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 € 1.9 million.
People and assets in 2025
23.8
▲ 6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 11% vs 2024
€ 60,100 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.
€ 252,734
▲ 62% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.6 million
▼ 27% vs 2024
€ 641,078 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 14.3 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 244,939
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 55,685,947 | € 74,508,828 | € 73,123,997 | € 92,307,563 | ▲ 26% |
| Profit after taxes | € 314,439 | € 110,747 | € 569,248 | € 801,481 | ▲ 41% |
| Equity | € 551,189 | € 661,936 | € 1,231,184 | € 2,032,664 | ▲ 65% |
| Total debts | € 12,802,082 | € 16,032,108 | € 22,689,093 | € 20,363,113 | ▼ 10% |
| Cash | € 274,545 | € 746,307 | € 1,439,520 | € 856,703 | ▼ 40% |
| Retained profit | € 401,189 | € 511,936 | € 1,081,184 | € 1,882,664 | ▲ 74% |
| Bank debt | € 1,901,327 | € 2,053,882 | € 4,946,387 | € 3,621,639 | ▼ 27% |
| Balance sheet total | € 13,353,271 | € 16,694,044 | € 23,920,277 | € 22,395,777 | ▼ 6% |
| Employees (FTE) | 11.2 | 14.3 | 17.8 | 23.8 | ▲ 6 |
Key figures of COVAMO, 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 COVAMO?
What happened at COVAMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 801,481 (▲ 41% vs 2024). filed late Source: NBB ↗
- New establishment in Geel. KBO
- New establishment in Beringen. KBO
- New establishment in Balen. KBO
- New establishment in Genk. KBO
- New establishment in Mol. KBO
- New establishment in Hasselt. KBO
- New establishment in Maasmechelen. KBO
In short
From € 314,439 profit in 2022 to € 801,481 profit in 2025.
Paid € 332,910 in corporate taxes since 2022.
Best year ever: 2025, with € 801,481 profit.
Pays suppliers within 57 days on average.
A new publication or filing at COVAMO? We notify you, reason included.
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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 GARAGE COOLS, GARAGE VANDUFFEL, GARAGE VANHEES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COVAMOBehind COVAMO are Arlusa and Codi Holding. The shares are held by GARAGE COOLS (36.8%), GARAGE VANDUFFEL (19%) and GARAGE VANHEES (12.5%). It owns 100% of Autobedrijf Kiewit Hasselt itself.
Directors
According to the 2025 annual accounts
Director · represented by Jan Jehoul
Also active at: GARAGE VANHEES, AUTOBEDRIJF KIEWIT HASSELT
since 2021
Director · represented by Jan Cools
Also active at: GARAGE VANHEES, AUTOBEDRIJF KIEWIT HASSELT, GARAGE COOLS, GARAGE COOLS, Garage TEUNKENS, TOYOTA DIEST, IMMO TURNHOUTSEBAAN, IMMO SOEF +1 more
since 2021
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Lindelsebaan 344
3900 Pelt
Industrielaan(M) 11
3630 Maasmechelen
Active since 1 December 2021
Koolmijnlaan 408
3581 Beringen
Active since 1 January 2025
Soef 165
2490 Balen
Active since 1 January 2025
Wiemesmeerstraat 37
3600 Genk
Active since 1 January 2025
Turnhoutsebaan 153
2400 Mol
Active since 1 January 2025
Kempische steenweg 564
3500 Hasselt
Active since 1 January 2025
Antwerpseweg 83
2440 Geel
Active since 1 June 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0767.455.882
- VAT number
- BE 0767.455.882
- Registered office
- Lindelsebaan 344, 3900 Pelt
- Names & denominations
- COVAMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2021
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)