Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
COWALCA from Namur, company number BE0421052452, closed financial year 2025 with a result of € 2.1 million after tax. For that financial year COWALCA recorded revenue of € 29.7 million and equity of € 12.2 million. Compared with financial year 2024, the result moved from € 1.5 million to € 2.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 23, 2026.
€ 12.2 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.1 million
▲ 40% vs 2024
Profit after tax over the fiscal year.
€ 2.9 million
▲ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
28 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
26.8
▲ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 12% vs 2024
€ 89,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 659,379
▲ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 729,615
▼ 26% vs 2024
€ 253,827 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 412,274
▲ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 25,738,577 | € 28,567,041 | € 25,650,221 | € 29,692,144 | ▲ 16% |
| Profit after taxes | € 1,997,765 | € 2,599,681 | € 1,514,871 | € 2,114,844 | ▲ 40% |
| Equity | € 7,881,139 | € 9,780,820 | € 10,695,691 | € 12,210,535 | ▲ 14% |
| Total debts | € 7,243,167 | € 4,484,088 | € 3,863,272 | € 3,703,940 | ▼ 4% |
| Cash | € 2,801,621 | € 1,734,582 | € 1,860,604 | € 2,863,034 | ▲ 54% |
| Retained profit | € 7,743,282 | € 9,642,962 | € 10,557,834 | € 12,072,678 | ▲ 14% |
| Dividend | € 600,000 | € 700,000 | € 600,000 | € 600,000 | |
| Bank debt | € 3,225,551 | € 1,977,459 | € 980,156 | € 729,615 | ▼ 26% |
| Balance sheet total | € 15,124,307 | € 14,264,908 | € 14,558,963 | € 15,914,476 | ▲ 9% |
| Employees (FTE) | 22.4 | 23.5 | 24.4 | 26.8 | ▲ 2.4 |
Key figures of COWALCA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to COWALCA?
What happened at COWALCA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vincent TRENTELS stepped down as director. NBB
- Didier MEURISSE stepped down as director. NBB
- Isabelle LARDOT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.1 million (▲ 40% vs 2024). Source: NBB ↗
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 2 million profit in 2022 to € 2.1 million profit in 2025.
Paid € 2.9 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.6 million profit.
Paid out € 2.5 million in dividends to the owners in total.
A new publication or filing at COWALCA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Establishments
Establishment units
Physical locations of this company
Rue des Pieds d'Alouette(NN) 18
5100 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0421.052.452
- VAT number
- BE 0421.052.452
- Registered office
- Rue des Pieds d'Alouette(NN) 18, 5100 Namur
- Names & denominations
- COWALCA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 1980
- Peppol
- Active · Active since 16 Oct 2025
- Contact
- cowalca.be [email protected]
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