Covalenz
Annual accounts 2025
micro format, filed on 03-08-2026, 3 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €680,000. Estimated: probably between €320,000 and €1.6m.
Balance sheet
balance sheet total €567,654 on 31-12-2025in euro
in euro
Position in the sector
57.3%
Higher than 64% of 13,807 companies in 2025.
2.63
Higher than 66% of 13,189 companies in 2025.
19.4%
Higher than 83% of 13,367 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
567,654 | 308,078 | 143,081 | |
21/28 |
232,122 | 13,712 | 17,656 | |
22/27 |
232,122 | 13,712 | 17,656 | |
22 |
225,924 | - | - | |
24 |
- | 8,828 | 17,656 | |
26 |
6,199 | 4,884 | - | |
29/58 |
335,532 | 294,367 | 125,425 | |
40/41 |
82,872 | 38,667 | 23,796 | |
40 |
18,669 | - | 6,386 | |
41 |
64,203 | 38,667 | 17,411 | |
54/58 |
252,660 | 253,968 | 101,629 | |
490/1 |
- | 1,731 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
567,654 | 308,078 | 143,081 | |
10/15 |
325,145 | 215,013 | 98,423 | |
10/11 |
4,000 | 4,000 | 4,000 | |
13 |
321,145 | 211,013 | 94,423 | |
133 |
321,145 | 211,013 | 94,423 | |
17/49 |
242,509 | 93,065 | 44,658 | |
17 |
114,421 | - | - | |
170/4 |
114,421 | - | - | |
42/48 |
127,801 | 93,065 | 44,658 | |
42 |
7,616 | - | - | |
44 |
17,005 | 3,164 | 4,584 | |
440/4 |
17,005 | 3,164 | 4,584 | |
45 |
97,372 | 89,901 | 40,073 | |
450/3 |
97,372 | 89,901 | 40,073 | |
47/48 |
5,808 | - | - | |
492/3 |
287 | - | - | |
| Income statement | ||||
9900 |
179,421 | 174,278 | 143,532 | |
630 |
21,937 | 8,849 | 8,828 | |
640/8 |
702 | 662 | 984 | |
9901 |
156,782 | 164,767 | 133,720 | |
75/76B |
3,014 | 1,693 | 457 | |
75 |
3,014 | 1,693 | 457 | |
65/66B |
2,425 | 42 | 18 | |
65 |
2,425 | 42 | 18 | |
9903 |
157,371 | 166,418 | 134,159 | |
67/77 |
47,239 | 49,828 | 39,736 | |
9904 |
110,132 | 116,590 | 94,423 | |
9905 |
110,132 | 116,590 | 94,423 | |
| Appropriation of the result | ||||
9906 |
110,132 | 116,590 | 94,423 | |
691/2 |
110,132 | 116,590 | 94,423 | |
6921 |
110,132 | 116,590 | 94,423 | |
| Document | ||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 3 days after the deadline. Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00375989.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 178,719 | 173,616 | 142,548 | ||
| 132,070 | 125,439 | 103,251 | ||
| 240,348 | 4,906 | 26,483 | ||
| -1,309 | 152,340 | - | ||
| 207,730 | 201,301 | 80,768 | ||
| 57.3% | 69.8% | 68.8% | ||
| 2.63 | 3.16 | 2.81 | ||
| 0.75 | 0.43 | 0.45 | ||
| 33.9% | 54.2% | 95.9% | ||
| 19.4% | 37.8% | 66.0% | ||
| 73.69 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €240,348 | €4,906 | €26,483 |
| €21,937 | €8,849 | €8,828 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Covalenz
The operating result for 2025 is 5% lower than in 2024.
Debt's share of the balance-sheet total rises from 30.2% to 42.7%. Equity and debt are higher.