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Covico-Holding

Active Risk: not assessed Private limited companyfounded 2010active for 15 yearsTorhoutsesteenweg 222, 8400 OstendKBO/BCE: BE 0832.110.243
Covico-Holding
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 13-05-2026, 79 days before the deadline
Equity
€1.5m
unchanged
Balance sheet total
€1.9m
▲ 2.1%
Profit
€465
▲ €1,260
Solvency
78.2%
▼ 1.6 percentage points
Return on equity
0.0%
▲ 0.1 percentage points
Return on assets
0.0%
▲ 0.1 percentage points

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance sheet

balance sheet total €1.9m on 31-12-2025
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin euro

Position in the sector

Compare with sector

Solvency78.2%

Higher than 75% of 6,697 companies in 2025.

Return on assets0.0%

Higher than 20% of 6,662 companies in 2025.

Covico-Holding Middle half of the sector 80% of the sector Abbreviated accounts in financial services (NACE 64)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011
Balance sheet: assets
Total assets20/58 1.9m1.8m1.7m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.4m916,040
Formation expenses20 --------00-----
Fixed assets21/28 983,363983,363983,363958,363958,363958,363958,000953,000953,000964,652958,478964,304941,000941,000914,000
Intangible fixed assets21 --------00-----
Tangible fixed assets22/27 ---------11,65217,47823,304---
Land and buildings22 --------00-----
Plant, machinery and equipment23 --------00-----
Furniture and vehicles24 --------011,65217,47823,304---
Other tangible fixed assets26 --------00-----
Assets under construction and advance payments27 --------00-----
Financial fixed assets28 983,363983,363983,363958,363958,363958,363958,000953,000953,000953,000941,000941,000941,000941,000914,000
Current assets29/58 879,021841,154730,191532,517531,877534,790530,376524,742528,355529,701516,699493,993523,525459,2252,040
Amounts receivable after more than one year29 864,669751,074689,304023,95023,95023,95023,95032,000335,87939,00031,00044,00052,000-
Trade receivables290 --------00-----
Other amounts receivable291 864,669751,074689,304023,95023,95023,95023,95032,000335,87939,00031,00044,00052,000-
Stocks and contracts in progress3 --------00-----
Stocks30/36 --------00-----
Contracts in progress37 --------00-----
Amounts receivable within one year40/41 6,0506723403,005507,927505,115430,526431,267387,101192,448476,362460,955476,410407,139-
Trade receivables40 6,050---04748,31914,3198,3198,3196,8752,1763,000--
Other amounts receivable41 06723403,005507,927504,640422,207416,949378,782184,129469,487458,779473,410407,139-
Current investments50/53 --------00-----
Cash at bank and in hand54/58 4,49890,01340,863129,512-5,59275,90069,525109,2540-7193,115862,040
Deferred charges and accrued income490/1 3,805----134--01,3731,3371,320---
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.9m1.8m1.7m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.4m916,040
Equity10/15 1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.4m1.4m1.4m1.4m1.4m1.4m1.4m915,290
Contributions10/11 920,000920,000920,000920,000920,000920,000920,000920,000920,000920,000920,000920,000920,000920,000920,000
Issued capital100 ------920,000920,000920,000920,000920,000920,000920,000920,000920,000
Uncalled capital101 --------00-----
Contributions outside capital11 --------00-----
Share premium1100/10 --------00-----
Revaluation surpluses12 --------00-----
Reserves13 536,140536,508537,302538,60892,00092,00092,00092,00092,00092,00092,00092,00092,00092,000-
Non-distributable reserves130/1 ---092,00092,000---------
Legal reserve130 ------92,00092,00092,00092,00092,00092,00092,00092,000-
Reserves not available under the articles1311 ---092,00092,000---------
Own shares acquired1312 --------00-----
Other1319 --------00-----
Tax-exempt reserves132 --------00-----
Distributable reserves133 536,140536,508537,302538,608----00-----
Profit (loss) carried forward14 0--0446,556446,802443,684437,385432,062421,527417,906404,491391,635376,448-4,710
Investment grants15 --------00-----
Provisions for liabilities and charges160/5 --------00-----
Pensions and similar obligations160 --------00-----
Taxes161 --------00-----
Major repairs and maintenance162 --------00-----
Environmental obligations163 --------00-----
Other liabilities and charges164/5 --------00-----
Deferred taxes168 --------00-----
Amounts payable17/49 406,244368,009256,25132,27131,68534,35132,69228,35737,29360,82645,27141,80660,89011,777750
Amounts payable after more than one year17 323,619357,279255,206------5,07212,51419,760---
Financial debts170/4 323,619357,279255,206------5,07212,51419,760---
Trade debts175 --------00-----
Advances received on contracts in progress176 --------00-----
Other amounts payable178/9 --------00-----
Amounts payable within one year42/48 58,58410,7301,04532,27129,80632,18531,52527,38236,44854,96132,04720,46158,93811,708750
Current portion of amounts payable after more than one year42 --------07,4427,2467,059---
Financial debts43 ---083----1,7412,526----
Credit institutions430/8 ---083---01,7412,526----
Other loans439 --------00-----
Trade debts44 -01,0452,046-3,046--3,27017,6825,3162,3102,5372,424750
Suppliers440/4 -01,0452,046-3,046--3,27017,6825,3162,3102,5372,424750
Bills of exchange payable441 --------00-----
Advances received on contracts in progress46 --------00-----
Taxes, remuneration and social security45 3,016-0191274,3502,8872,4263,8001,7182,1154883506,284-
Taxes450/3 3,016-019681,5462,8872,4263,8001,7182,1154883506,284-
Remuneration and social security454/9 ---0592,804--00-----
Other amounts payable47/48 55,56810,730030,20629,59624,78928,63824,95529,37826,37814,84310,60456,0523,000-
Accrued charges and deferred income492/3 24,041--01,8792,1661,1679758457937101,5851,95169-
Income statement
Turnover70 --------00-----
Non-recurring operating income76A -------3,27000-----
Gross operating margin9900 21,478-2,485-2,854-1,2863,35314,5471,8881,4477,499-9,9925,6963,01440-6,013-1,658
Goods, raw materials, services and sundry goods60/61 --------00-----
Remuneration, social security and pensions62 ---05,99210,195--00-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 --------05,8265,8265,826--2,254
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 --------00-----
Provisions for liabilities and charges: additions (uses and reversals)635/8 --------00-----
Other operating charges640/8 1,2501,5981,6659809799779759871,1791,9821,2751,1501,243496772
Operating charges capitalised as restructuring costs649 --------00-----
Non-recurring operating charges66A --------00-----
Operating profit (loss)9901 20,228-4,083-4,520-2,266-3,6183,3759134616,320-17,800-1,404-3,962-1,203-6,509-4,684
Financial income75/76B 4,3873,4613,2882,3874,5452,5839,5938,8969,26122,81317,94918,67218,732488,932-
Recurring financial income75 4,3873,4613,2882,3874,5452,5839,5938,8969,26122,81317,94918,67218,732488,932-
Non-recurring financial income76B --------00-----
Financial charges65/66B 24,15017374481,1051,3941,3201,6071,2451,3931,4111,8541,9912,98026
Recurring financial charges65 24,15017374481,1051,3941,3201,6071,2451,3931,4111,8541,9912,98026
Non-recurring financial charges66B --------00-----
Profit (loss) for the period before taxes9903 465-794-1,30672-1784,5639,1867,74914,3363,62115,13412,85615,538479,443-4,710
Income taxes67/77 0-019681,4452,8872,4263,80001,71803516,285-
Profit (loss) for the period9904 465-794-1,30653-2473,1186,2995,32310,5363,62113,41512,85615,187473,158-4,710
Transfer from tax-exempt reserves789 --------00-----
Transfer to tax-exempt reserves689 --------00-----
Profit (loss) for the period to be appropriated9905 465-794-1,30653-2473,1186,2995,32310,5363,62113,41512,85615,187473,158-4,710
Appropriation of the result
Profit (loss) to be appropriated9906 465-794-1,306446,608446,556446,802443,684437,385432,062421,527417,906404,491391,635468,448-4,710
Profit (loss) brought forward from the previous period14P --0446,556446,802----------
Transfer from equity791/2 3687941,30692,000----00-----
Transfer to equity691/2 --0538,608---------92,000-
Addition to contributions691 --------00-----
To the legal reserve6920 --------00---92,000-
To other reserves6921 --0538,608----00-----
Profit to be distributed694/7 833--------------
Return on contributions (dividend)694 833-------00-----
Directors or managers695 --------00-----
Employees696 --------00-----
Social balance sheet
Average staff (FTE)9087 ----0.30.3---------
Hours worked1013 ----188444---------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 13-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 13-05-2026 2026-00110418 PDF
31-12-2024 abbreviated format 31-07-2025 2025-00343357 PDF
31-12-2023 abbreviated format 30-08-2024 2024-00431892 PDF
31-12-2022 abbreviated format 31-08-2023 2023-00396535 PDF
31-12-2021 micro format 28-08-2022 2022-20373218 PDF
31-12-2020 micro format 31-08-2021 2021-65900016 PDF
31-12-2019 abbreviated format 30-06-2020 2020-24000113 PDF
31-12-2018 abbreviated format 04-07-2019 2019-29300497 PDF
31-12-2017 abbreviated format 29-06-2018 2018-26000278 PDF
31-12-2016 abbreviated format 10-07-2017 2017-29500415 PDF
31-12-2015 abbreviated format 27-06-2016 2016-23300191 PDF
31-12-2014 abbreviated format 26-06-2015 2015-21300361 PDF
31-12-2013 abbreviated format 07-05-2014 2014-11700387 PDF
31-12-2012 abbreviated format 14-06-2013 2013-17700185 PDF
31-12-2011 abbreviated format 21-06-2012 2012-18900417 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011
Investment in fixed assets (approximation) 363-25,000--3635,000-039,000029,130-27,000914,000
Change in cash -85,51549,149-88,649---70,3086,375-39,729109,254---2,3963,029-1,953-
Solvency 78.2%79.8%85.0%97.8%97.9%97.7%97.8%98.1%97.5%95.9%96.9%97.1%95.8%99.2%99.9%
ROE 0.0%-0.1%-0.1%0.0%0.0%0.2%0.4%0.4%0.7%0.3%0.9%0.9%1.1%34.1%-0.5%
ROA 0.0%0.0%-0.1%0.0%0.0%0.2%0.4%0.4%0.7%0.2%0.9%0.9%1.0%33.8%-0.5%

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.

Social balance sheet

Item31-12-2021
Average over the year, in full-time equivalents0.1
Joined0
Left1

Source: social balance sheet in the 2021 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Financial fixed assets€363-€25,000--

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Covico-Holding

The operating result for 2025 is a profit of €20,228, after a loss of €4,083 in 2024. It is the highest result since 2011.

Debt's share of the balance-sheet total rises from 20.2% to 21.8%. Debt is higher.

Next steps

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