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 22 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
COVAGESTION from Soumagne, company number BE0839946160, closed financial year 2024 with a result of € 51,352 after tax. For that financial year COVAGESTION recorded a gross margin of € 199,265 and equity of € 814,859. Compared with financial year 2023, the result moved from € 147,358 to € 51,352. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 19, 2025.
€ 814,859
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,352
▼ 65% vs 2023
Profit after tax over the fiscal year.
€ 79,932
▼ 8% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 48,000 paid out
93 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
1.6
Average over the fiscal year, from the social balance sheet.
€ 76,870
▲ 21% vs 2023
€ 48,000 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.
Debts at end 2024
€ 456,120
▼ 9% vs 2023
€ 49,348 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 36,505
▼ 32% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 74,053
▲ 5% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 2,336,411 | € 114,805 | € 205,427 | € 199,265 | ▼ 3% |
| Profit after taxes | € 87,900 | € 15,890 | € 147,358 | € 51,352 | ▼ 65% |
| Equity | € 670,478 | € 682,368 | € 809,037 | € 814,859 | ▲ 1% |
| Total debts | € 1,793,648 | € 1,595,239 | € 1,524,999 | € 1,350,688 | ▼ 11% |
| Cash | € 136,971 | € 102,213 | € 86,438 | € 79,932 | ▼ 8% |
| Land & buildings | € 916,328 | € 759,414 | € 764,146 | € 829,811 | ▲ 9% |
| Retained profit | € 178,278 | € 190,168 | € 309,526 | € 315,348 | ▲ 2% |
| Dividend | € 24,000 | € 4,000 | € 28,000 | € 48,000 | ▲ 71% |
| Bank debt | € 789,362 | € 745,129 | € 499,967 | € 456,120 | ▼ 9% |
| Balance sheet total | € 2,464,126 | € 2,277,607 | € 2,334,035 | € 2,165,546 | ▼ 7% |
| Employees (FTE) | 1 | 1 | 1.6 | 1.6 |
Key figures of COVAGESTION, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to COVAGESTION?
What happened at COVAGESTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 51,352 (▼ 65% vs 2023). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Soumagne. KBO
- Roland VANDERSANDEN became a director. NBB
In short
From € 87,900 profit in 2021 to € 51,352 profit in 2024.
Paid € 53,307 in corporate taxes since 2021.
Best year ever: 2023, with € 147,358 profit.
On average € 124,500 of value added per employee in 2024.
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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
Behind COVAGESTION is Roland VANDERSANDEN. It owns 100% of COVAMEN, 100% of ENTREPRISES COVACONSTRUCT, 99.3% of PORTAFLEX and 97.9% of COVAMEX itself.
Directors
According to the 2024 annual accounts
since 2011
Establishments
Establishment units
Physical locations of this company
Rue Jean-Louis Paggen 10
4631 Soumagne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
ESI-INFORMATIQUE-AS, BE
Website info
Features
Security
Details
- Company number
- 0839.946.160
- VAT number
- BE 0839.946.160
- Registered office
- Rue Jean-Louis Paggen 10, 4631 Soumagne
- Names & denominations
- COVAGESTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 2011
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- covamen.be
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige zakelijke dienstverlening, neg