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 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COVAN GROUP from Hasselt, company number BE0866562762, closed financial year 2025 with a result of € 1,669 after tax. For that financial year COVAN GROUP recorded a gross margin of € 113,566 and equity of € 47,598. Compared with financial year 2024, the result moved from € 1,168 to € 1,669. Profitable, and profit is growing. 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 20, 2026.
€ 47,598
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,669
▲ 43% vs 2024
Profit after tax over the fiscal year.
€ 13,303
▲ 100% 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 € 22,598.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 99,653
▲ 28% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,481
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4,530
▼ 47% vs 2024
€ 4,174 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 25,327
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,330
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 95,512 | € 59,375 | € 89,647 | € 113,566 | ▲ 27% |
| Profit after taxes | € 26,502 | € -8,473 | € 1,168 | € 1,669 | ▲ 43% |
| Equity | € 58,483 | € 50,010 | € 45,929 | € 47,598 | ▲ 4% |
| Total debts | € 135,578 | € 75,428 | € 88,734 | € 69,563 | ▼ 22% |
| Cash | € 1,659 | € 55 | € 6,655 | € 13,303 | ▲ 100% |
| Land & buildings | € 788 | € 657 | € 525 | € 394 | ▼ 25% |
| Retained profit | € 33,483 | € 25,010 | € 20,929 | € 22,598 | ▲ 8% |
| Dividend | € 11,295 | € 0 | € 5,249 | € 0 | ▼ 100% |
| Bank debt | € 6,767 | € 3,251 | € 8,512 | € 4,530 | ▼ 47% |
| Balance sheet total | € 194,060 | € 125,437 | € 134,663 | € 117,161 | ▼ 13% |
Key figures of COVAN GROUP, 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 COVAN GROUP?
What happened at COVAN GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,669 (▲ 43% vs 2024). filed late Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
- David Coenen became a director. NBB
In short
From € 26,502 profit in 2022 to € 1,669 profit in 2025.
Paid € 6,706 in corporate taxes since 2022.
Best year ever: 2022, with € 26,502 profit.
Paid out € 16,544 in dividends to the owners in total.
A new publication or filing at COVAN GROUP? 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
Directors
According to the 2025 annual accounts
David Coenen
Director
since 2004
Establishments
Establishment units
Physical locations of this company
Rechterstraat 33
3511 Hasselt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0866.562.762
- VAT number
- BE 0866.562.762
- Registered office
- Rechterstraat 33, 3511 Hasselt
- Names & denominations
- COVAN GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 2004
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van eetkamer-, zitkamer- en slaapkamermeubelen
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Vervaardiging van stoelen en zitmeubelen voor woningen en kantoren
Vervaardiging van andere delen en toebehoren voor motorvoertuigen
Vervaardiging van kantoor- en winkelmeubelen
Vervaardiging van keukenmeubelen
Vervaardiging van stoelen en zetels voor theaters, bioscopen en dergelijke, voor voertuigen en andere transportmiddelen ongeacht het materiaal
Vervaardiging van kantoor-, winkel- en ateliermeubelen, overwegend van metaal
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