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 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COVICO-SERVICE from Oostende, company number BE0891976465, closed financial year 2025 with a result of € 16,997 after tax. For that financial year COVICO-SERVICE recorded a gross margin of € 67,749 and equity of € 145,790. Compared with financial year 2024, the result moved from € -3,475 to € 16,997. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 145,790
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,997
▲ still € 3,475 loss in 2024
Profit after tax over the fiscal year.
€ 971
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 139,590.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 277,757
▼ 52% vs 2024
€ 30,000 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 5,621
▲ € 4,360 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,758 | € 122,342 | € 32,391 | € 67,749 | ▲ 109% |
| Profit after taxes | € -48,626 | € 75,916 | € -3,475 | € 16,997 | ▲ € 20,472 |
| Equity | € 56,352 | € 132,268 | € 128,793 | € 145,790 | ▲ 13% |
| Total debts | € 587,741 | € 484,166 | € 578,058 | € 465,010 | ▼ 20% |
| Cash | € 16,618 | € 48,957 | € 0 | € 971 | |
| Land & buildings | € 476,722 | € 470,213 | € 477,134 | € 458,595 | ▼ 4% |
| Retained profit | € 50,152 | € 126,068 | € 122,593 | € 139,590 | ▲ 14% |
| Bank debt | € 359,178 | € 471,228 | € 573,807 | € 277,757 | ▼ 52% |
| Balance sheet total | € 644,093 | € 616,434 | € 706,851 | € 610,800 | ▼ 14% |
Key figures of COVICO-SERVICE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to COVICO-SERVICE?
What happened at COVICO-SERVICE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,997. Source: NBB ↗
- Covico-Holding BV became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 48,626 loss in 2022 to € 16,997 profit in 2025.
Paid € 13,828 in corporate taxes since 2022.
Best year ever: 2023, with € 75,916 profit.
A new publication or filing at COVICO-SERVICE? 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 Covico-Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COVICO-SERVICEBehind COVICO-SERVICE is Covico-Holding BV. The shares are held by Covico-Holding (85%).
Directors
According to the 2025 annual accounts
Director · represented by Covemaeker OLIVIER
Also active at: COVICO - INVEST, Covico Vastgoed, Eco Asset Invest
since 2012
Shareholders
85%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Torhoutsesteenweg 222
8400 Oostende
Nieuwpoortsesteenweg 68
8400 Oostende
Active since 18 October 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →COVICO - INVEST same network
€ 1.1 million gross margin · 2025
Covico Vastgoed same network
€ 14,740 gross margin · 2025
CTG
€ 32,399 gross margin · 2025
Covico-Holding same network
€ 21,478 gross margin · 2025
Eco Asset Invest same network
€ 143,620 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0891.976.465
- VAT number
- BE 0891.976.465
- Registered office
- Torhoutsesteenweg 222, 8400 Oostende
- Names & denominations
- COVICO-SERVICE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 August 2007
- Peppol
- Active · Active since 31 Dec 2025