Financials
Financial year 2025
Gross margin
€ 2.6 million
▼ 1% vs 2024
Profit
Growing€ 420,619
▲ 17% vs 2024
Debts
Normal€ 11.1 million
▼ 10% vs 2024
Paycover from Brussel, company number BE0896651073, closed financial year 2025 with a result of € 420,619 after tax. For that financial year Paycover recorded a gross margin of € 2.6 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 359,580 to € 420,619. 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 June 26, 2026.
What happened at Paycover?
What happened at Paycover in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Herman Ginis stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 420,619 (▲ 17% vs 2024). Source: NBB ↗
- Herman Ginis became a director. NBB
- New establishment in Hannut. KBO
- New establishment in Gent. KBO
- New establishment in Kortrijk. KBO
- Michael Reul became a director. NBB
- Nathalie Vermeersch became a director. NBB
In short
From € 275,197 profit in 2021 to € 420,619 profit in 2025.
Paid € 113,988 in corporate taxes since 2021.
Best year ever: 2023, with € 736,144 profit.
On average € 109,700 of value added per employee in 2025.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
Behind Paycover are Michael Reul, Nathalie Vermeersch and Mancover bv. The same people are also behind SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES, INSTITUUT WEGTRANSPORT EN LOGISTIEK BELGIE, Mercurius Insurance Brokers, POLE FORMATION EMPLOI POUR LE TRANSPORT ET LA LOGISTIQUE ET LE PORT DE BRUXELLES and IMMOCOVER.
Directors
According to the 2025 annual accounts
Michael Reul
Director
Also active at: SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES, INSTITUUT WEGTRANSPORT EN LOGISTIEK BELGIE, Mercurius Insurance Brokers +1 more
since 2008
since 2008
Managing director · represented by Bruno Velghe
since 2008
Herman Ginis
Director
since 2022 · until 2026
Establishments
Establishment units
Physical locations of this company
Havenlaan 104 box 106
1000 Brussel
Engelse Wandeling(Kor) 2 box K07G
8500 Kortrijk
Active since 1 April 2014
Dublinstraat 35 box 14
9000 Gent
Active since 15 February 2021
Rue de Huy 108A box 0.1
4280 Hannut
Active since 1 February 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
Details
- Company number
- 0896.651.073
- VAT number
- BE 0896.651.073
- Registered office
- Havenlaan 104 bus 106, 1000 Brussel
- Names & denominations
- Paycover
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 15 March 2008
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Andere vormen van maatschappelijke dienstverlening zonder huisvesting, neg
Diverse administratieve activiteiten ten behoeve van kantoren