I think you can get code coverage. As I know you has to build your application with special settings. And the code is instrumented for code coverage analysis.
Than you start your "white" tests and the code coverage will be measured;
I have used Bullseye for code coverage and this works this way.
In fact it takes no care which way you use to run test on your .exe.
I think this is not the right forum for these question. :)