Financials
Financial year 2025
COVER-IT from Wuustwezel, company number BE0871930822, closed financial year 2025 with a result of € -23,979 after tax. For that financial year COVER-IT recorded a gross margin of € 123,777 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 18,405 to € -23,979. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 1.5 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,979
▼ still € 18,405 profit in 2024
Profit after tax over the fiscal year.
€ 787,171
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.5 million.
People and assets in 2025
3.7
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 113,580
▲ 17% vs 2024
€ 30,700 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 2025
€ 6,729
Loans from banks and other lenders, long and short.
€ 22,104
▼ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,354
▼ 50% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 284,588 | € 180,652 | € 102,094 | € 123,777 | ▲ 21% |
| Profit after taxes | € 107,390 | € 38,058 | € 18,405 | € -23,979 | ▼ € 42,384 |
| Equity | € 1,478,774 | € 1,515,781 | € 1,531,032 | € 1,507,053 | ▼ 2% |
| Total debts | € 157,414 | € 178,647 | € 213,645 | € 59,964 | ▼ 72% |
| Cash | € 806,846 | € 913,166 | € 790,577 | € 787,171 | |
| Land & buildings | € 385,610 | € 370,958 | € 375,818 | € 360,023 | ▼ 4% |
| Retained profit | € 1,460,174 | € 1,497,181 | € 1,512,432 | € 1,488,453 | ▼ 2% |
| Bank debt | € 8,362 | € 10,130 | € 0 | € 6,729 | |
| Balance sheet total | € 1,759,256 | € 1,804,996 | € 1,744,677 | € 1,567,017 | ▼ 10% |
| Employees (FTE) | 3.1 | 3 | 3 | 3.7 | ▲ 0.7 |
Key figures of COVER-IT, 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 COVER-IT?
What happened at COVER-IT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,979 (▼ € 42,384 vs 2024). Source: NBB ↗
- New establishment in Wuustwezel. KBO
- New establishment in Wuustwezel. KBO
- Start of the company according to the CBE. KBO
- Frederika HARTMAN became a director. NBB
- Charles Jr SELF became a director. NBB
In short
From € 107,390 profit in 2022 to € 23,979 loss in 2025.
Paid € 80,021 in corporate taxes since 2022.
Best year ever: 2022, with € 107,390 profit.
On average € 33,500 of value added per employee in 2025.
Management
Behind COVER-IT are Frederika HARTMAN and Charles Jr SELF. It owns 75% of Cover-It Group itself.
Directors
According to the 2025 annual accounts
since 2005
Charles Jr SELF
Director
since 2005
Establishments
Establishment units
Physical locations of this company
Wuustwezelseweg 137
2990 Wuustwezel
Bredabaan (Gooreind) 23 box 3
2990 Wuustwezel
Active since 2 September 2013
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
- 0871.930.822
- VAT number
- BE 0871.930.822
- Registered office
- Wuustwezelseweg 137, 2990 Wuustwezel
- Names & denominations
- COVER-IT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 2005
- Peppol
- Active · Active since 15 Oct 2025
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Overige bouwinstallatie
Overige gespecialiseerde bouwwerkzaamheden
Overige bouwinstallatie, n.e.g.