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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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COVAL from Tielt, company number BE0827036351, closed financial year 2025 with a result of € 14,227 after tax. For that financial year COVAL recorded a gross margin of € 41,549 and equity of € 57,772. Compared with financial year 2024, the result moved from € 16,484 to € 14,227. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2026.
€ 57,772
▲ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,227
▼ 14% vs 2024
Profit after tax over the fiscal year.
€ 12,054
▲ 16% 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 € 51,572.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 112,532
▼ 17% vs 2024
€ 23,339 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4,542
Supplier invoices still open on the last day of the fiscal year.
€ 6,280
▼ 21% 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 | € 40,241 | € 47,944 | € 46,537 | € 41,549 | ▼ 11% |
| Profit after taxes | € 7,042 | € 11,213 | € 16,484 | € 14,227 | ▼ 14% |
| Equity | € 15,848 | € 27,061 | € 43,546 | € 57,772 | ▲ 33% |
| Total debts | € 180,956 | € 161,173 | € 144,705 | € 125,142 | ▼ 14% |
| Cash | € 70,450 | € 78,755 | € 10,432 | € 12,054 | ▲ 16% |
| Land & buildings | € 126,354 | € 109,479 | € 92,604 | € 75,729 | ▼ 18% |
| Retained profit | € 9,648 | € 20,861 | € 37,346 | € 51,572 | ▲ 38% |
| Bank debt | € 177,357 | € 156,581 | € 134,983 | € 112,532 | ▼ 17% |
| Balance sheet total | € 196,804 | € 188,235 | € 188,251 | € 182,914 | ▼ 3% |
Key figures of COVAL, 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 COVAL?
What happened at COVAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,227 (▼ 14% vs 2024). Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,042 profit in 2022 to € 14,227 profit in 2025.
Paid € 23,250 in corporate taxes since 2022.
Best year ever: 2024, with € 16,484 profit.
Management
Behind COVAL is Kurt Vuylsteke. Kurt Vuylsteke is also behind NOTARIS KURT VUYLSTEKE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Oostrozebekestraat 15
8760 Tielt
Oostrozebekestraat 17
8760 Tielt
Active since 22 July 2010
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
- 0827.036.351
- VAT number
- BE 0827.036.351
- Registered office
- Oostrozebekestraat 15, 8760 Tielt
- Names & denominations
- COVAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2010
- Peppol
- Active · Active since 1 Apr 2026