Equity
€2.0m ▲ 39.6%
COVACO has made a profit in every financial year since 2006.
COVACO
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1987peak €3.7m (2025)
€3.7m▲ 28.2%
peak €1.8m (2025)
€1.8m▲ 1.7%
peak €2.0m (2025)
€2.0m▲ 39.6%
€13.2m▲ 23.9%
peak 20 FTE (2025)
20 FTE▲ 13.0%
Board2 names since 2017
1 director
Owners
100%
Documentsfilings and deeds
23-07-20268 days before the deadline
2025abbreviated format
Gross margin from €2.9m to €3.7mStaff from 17.7 FTE to 20 FTEEquity from €1.5m to €2.0mDebts from €10.7m to €13.2m
Key points
from the 2025 annual accountsDebts
€13.2m 87% of the balance sheet
Financial debts 11%Suppliers 64%Taxes and wages 2%Other 22%
Of this, €11.8m falls due within a year.
Staff
20 employees on 31-12-2025
In 2025, 6 people joined and 4 left.
Filings
38 annual accounts since 1987
Seven of the last ten came late. The 2017 accounts came latest: 92 days after the end of the period.
Restructuring
2
2 restructurings in 2026. Latest: merger with KP BEMIDDELING.
Position in the sector
€1.8m
Higher net result than 95% of companies in auxiliary financial services. Sector median €85,109 · 1,928 companies.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
Board and ownership
Director, , since 28-12-2023
- 100%score equity €1.6m (2025) · 30-06-2025 annual accounts of
Recent changes
Merger: COVACO takes over ZAO-COVACO
Resignation: (sole director) · Permanent representative: · General meeting of 18-12-2025 · Gazette deed
Merger: COVACO takes over KP Bemiddeling
“Het uitoefenen van alle activiteit in de immobiliënsector; Het uitbaten van agentschappen inzake verzekeringen…” (deed in Dutch) · The company holds all the shares of KP Bemiddeling · General meeting of 18-12-2025 · Gazette deed
Merger proposal: COVACO takes over KP BEMIDDELING
Permanent representative: · holds all the shares · The company holds all the shares of KP BEMIDDELING · Gazette deed
1 director appointed, 2 resignations
Issue of 750 shares · Resignations: and · Appointment: · General meeting of 28-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COVACO Zandhoven | €15.3m | €3.7m | 13.4% | 20 |
| B'Cover by Baloise Antwerp | €13.0m | €2.4m | 11.5% | 16.9 |
| De Immotheker Leuven | €9.2m | €2.9m | 36.8% | 20.7 |
| D'HONDT INSURANCE Bruges | €11.2m | €2.2m | 14.7% | 20.2 |
| R.G.F. INSURANCES Chaudfontaine | €14.1m | €4.2m | -3.2% | 32.2 |
| INDEPENDENT BROKERS INSURANCE SERVICES Brussels | €7.9m | €2.5m | 52.0% | 16.3 |
| CALLANT VERZEKERINGEN ANTWERPEN Antwerp | €12.1m | €5.1m | 2.6% | 42.1 |
These companies have the same main activity as COVACO: insurance agents and brokers (NACE 66220). They are comparable in size and age: total assets between €7.9m and €14m, founded between 1989 and 1997.
Official details
Source: KBO- Status
- Active since 09-12-1986Normal situation
- Activity
- Insurance agents and brokersNACE 66220and 2 others
- Joint committee
- 307Insurance brokers and agencies · annual accounts 2025
- Establishment unit
- 2.031.239.7822240 Zandhoven, since 31-12-1986
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €15.3m▲ 25.8%
- Employeeson 31-12-2025
- 20▲ 11.1%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on COVACO
COVACO files the abbreviated format. That format states no turnover. The gross margin rose from €131,247 in 2006 to €3.7m in 2025.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COVACO
- What is the company number of COVACO?
- The company number of COVACO is 0430.033.761. The VAT number is the same number with BE in front: BE 0430.033.761.
- Where is COVACO based?
- The registered office is at Langestraat 99, 2240 Zandhoven.Company details
- What does COVACO do?
- According to the KBO register, the main activity is insurance agents and brokers (NACE 66220).
- What is the legal form of COVACO?
- COVACO is a private limited company (BV).
- When was COVACO founded?
- COVACO was founded on 09-12-1986.
- Is COVACO still active?
- Yes, COVACO is an active enterprise in the KBO register.
- How many employees does COVACO have?
- COVACO had an average of 20 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does COVACO fall under?
- In its 2025 annual accounts, COVACO states joint committee 307 (Insurance brokers and agencies).
- What is the turnover of COVACO?
- The turnover in financial year 2025 is ≈ €6.4m. This figure is estimated from the gross margin of €3.7m and 1,584 comparable companies of the same size. It probably lies between €4.3m and €10.0m. It is a rough estimate.
- Is COVACO profitable?
- In financial year 2025, COVACO made a profit of €1.8m.
- Where can I find the annual accounts of COVACO?
- COVACO filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COVACO due?
- COVACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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