What does KOWIFRA do?

KOWIFRA is an IT company in Bilzen-Hoeselt. Private Limited, started on 25 August 1989, 1 establishment.

What is the address of KOWIFRA?

The registered office of KOWIFRA is located at Calvarieberg 5, 3740 Bilzen-Hoeselt.

Is KOWIFRA still active?

Yes. According to the CBE (29 October 2026) KOWIFRA is active, legal situation “Normale toestand”, started on 25 August 1989.

Is KOWIFRA registered on Peppol?

Yes, KOWIFRA is registered on the Peppol network with ID 0208:0438139991.

What is the enterprise number of KOWIFRA?

The enterprise number of KOWIFRA is BE0438139991.

When was KOWIFRA founded?

KOWIFRA was founded on 25 August 1989.

Who are the directors of KOWIFRA?

According to the 2025 annual accounts, the directors of KOWIFRA are: Koenraad Nolmans, Wim Nolmans, Frank Nolmans.

Is KOWIFRA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 August 1989; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did KOWIFRA make in 2025?

KOWIFRA posted a profit after taxes of € 360,571 in financial year 2025.

What is the revenue of KOWIFRA?

As a small company, KOWIFRA is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 436,828.

KOWIFRA (Private Limited) - Bilzen-Hoeselt - BE0438139991

Dossier KOWIFRA, printed on 29 October 2026 from databakkes.be/en/0438139991/kowifra. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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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 2023.

Financials

Financial year 2025

KOWIFRA from Bilzen-Hoeselt, company number BE0438139991, closed financial year 2025 with a result of € 360,571 after tax. For that financial year KOWIFRA recorded a gross margin of € 436,828 and equity of € 5.6 million. Compared with financial year 2024, the result moved from € 217,773 to € 360,571. 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 August 31, 2026.

What it is worth Growing

€ 5.6 million

▲ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 360,571

▲ 66% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 132,642

▼ 54% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 4.5 million.

Debts at end 2025

Bank debt

€ 5.8 million

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 34,714

▲ 22% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 137,124

▼ 3% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 390,785 Revenue 2022: € 390,785 First fiscal year in the series	-	-	-
Gross margin	€ 318,426 Gross margin 2022: € 318,426 First fiscal year in the series	€ 484,820 Gross margin 2023: € 484,820 ▲ 52% vs 2022 (€ 318,426) Favourable step	€ 343,453 Gross margin 2024: € 343,453 ▼ 29% vs 2023 (€ 484,820) Unfavourable step	€ 436,828 Gross margin 2025: € 436,828 ▲ 27% vs 2024 (€ 343,453) Favourable step	▲ 27%
Profit after taxes	€ 219,807 Profit after taxes 2022: € 219,807 First fiscal year in the series	€ 330,011 Profit after taxes 2023: € 330,011 ▲ 50% vs 2022 (€ 219,807) Favourable step	€ 217,773 Profit after taxes 2024: € 217,773 ▼ 34% vs 2023 (€ 330,011) Unfavourable step	€ 360,571 Profit after taxes 2025: € 360,571 ▲ 66% vs 2024 (€ 217,773) Favourable step	▲ 66%
Equity	€ 6,597,293 Equity 2022: € 6,597,293 First fiscal year in the series	€ 5,977,304 Equity 2023: € 5,977,304 ▼ 9% vs 2022 (€ 6,597,293) Unfavourable step	€ 5,245,077 Equity 2024: € 5,245,077 ▼ 12% vs 2023 (€ 5,977,304) Unfavourable step	€ 5,605,648 Equity 2025: € 5,605,648 ▲ 7% vs 2024 (€ 5,245,077) Favourable step	▲ 7%
Total debts	€ 141,966 Total debts 2022: € 141,966 First fiscal year in the series	€ 1,188,890 Total debts 2023: € 1,188,890 ▲ € 1 million vs 2022 (€ 141,966) Unfavourable step	€ 279,001 Total debts 2024: € 279,001 ▼ 77% vs 2023 (€ 1,188,890) Favourable step	€ 6,009,665 Total debts 2025: € 6,009,665 ▲ € 5.7 million vs 2024 (€ 279,001) Unfavourable step	▲ € 5.7 million
Cash	€ 391,505 Cash 2022: € 391,505 First fiscal year in the series	€ 535,784 Cash 2023: € 535,784 ▲ 37% vs 2022 (€ 391,505) Favourable step	€ 286,022 Cash 2024: € 286,022 ▼ 47% vs 2023 (€ 535,784) Unfavourable step	€ 132,642 Cash 2025: € 132,642 ▼ 54% vs 2024 (€ 286,022) Unfavourable step	▼ 54%
Land & buildings	€ 288,426 Land & buildings 2022: € 288,426 First fiscal year in the series	€ 483,995 Land & buildings 2023: € 483,995 ▲ 68% vs 2022 (€ 288,426) Unchanged	€ 523,459 Land & buildings 2024: € 523,459 ▲ 8% vs 2023 (€ 483,995) Unchanged	€ 600,888 Land & buildings 2025: € 600,888 ▲ 15% vs 2024 (€ 523,459) Unchanged	▲ 15%
Retained profit	€ 4,666,524 Retained profit 2022: € 4,666,524 First fiscal year in the series	€ 4,867,054 Retained profit 2023: € 4,867,054 ▲ 4% vs 2022 (€ 4,666,524) Favourable step	€ 4,134,827 Retained profit 2024: € 4,134,827 ▼ 15% vs 2023 (€ 4,867,054) Unfavourable step	€ 4,495,398 Retained profit 2025: € 4,495,398 ▲ 9% vs 2024 (€ 4,134,827) Favourable step	▲ 9%
Dividend	€ 861,772 Dividend 2022: € 861,772 First fiscal year in the series	€ 950,000 Dividend 2023: € 950,000 ▲ 10% vs 2022 (€ 861,772) Unchanged	€ 950,000 Dividend 2024: € 950,000 Unchanged (€ 950,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 950,000) Unchanged	▼ 100%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 60,000 Bank debt 2023: € 60,000 Unchanged (€ 0) Unfavourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 60,000) Favourable step	€ 5,789,000 Bank debt 2025: € 5,789,000 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 6,739,259 Balance sheet total 2022: € 6,739,259 First fiscal year in the series	€ 7,166,193 Balance sheet total 2023: € 7,166,193 ▲ 6% vs 2022 (€ 6,739,259) Unchanged	€ 5,524,078 Balance sheet total 2024: € 5,524,078 ▼ 23% vs 2023 (€ 7,166,193) Unchanged	€ 11,615,313 Balance sheet total 2025: € 11,615,313 ▲ 110% vs 2024 (€ 5,524,078) Unchanged	▲ 110%

Key figures of KOWIFRA, 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 KOWIFRA?

What happened at KOWIFRA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 31, 2026 New annual accounts for financial year 2025: profit of € 360,571 (▲ 66% vs 2024). filed late Source: NBB ↗
Aug 31, 1989 New establishment in Bekkevoort. KBO
Aug 25, 1989 Start of the company according to the CBE. KBO

In short

From € 219,807 profit in 2022 to € 360,571 profit in 2025.

Paid € 398,843 in corporate taxes since 2022.

Best year ever: 2025, with € 360,571 profit.

Paid out € 2.8 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Koenraad Nolmans Wim Nolmans Frank Nolmans

WINKELCENTRUM ZUIDERRING

DREAMLAND

KOWIFRA

ToyChamp Belgium

Behind KOWIFRA are Koenraad Nolmans, Wim Nolmans and Frank Nolmans. The same people are also behind WINKELCENTRUM ZUIDERRING. Koenraad Nolmans is also behind DREAMLAND. Wim Nolmans is also behind ToyChamp Belgium and ToyChamp Funstores. Frank Nolmans is also behind ToyChamp Belgium and ToyChamp Funstores.

Directors

According to the 2025 annual accounts

Koenraad Nolmans

Director

Also active at: WINKELCENTRUM ZUIDERRING, DREAMLAND

Wim Nolmans

Director

Also active at: WINKELCENTRUM ZUIDERRING, ToyChamp Belgium, ToyChamp Funstores

Frank Nolmans

Director

Also active at: WINKELCENTRUM ZUIDERRING, ToyChamp Belgium, ToyChamp Funstores

Establishments

Establishment units

Physical locations of this company

Registered office

Calvarieberg 5

3740 Bilzen-Hoeselt

2.044.632.910

Schillekensberg 15

3460 Bekkevoort

Active since 31 August 1989

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

WINKELCENTRUM ZUIDERRING same network

€ 96,597 gross margin · 2025

ToyChamp Belgium same network

€ 55.5 million revenue · 2025

Toychamp Holding

€ 1,070 revenue · 2025

TOYCHAMP SUPERSTORES

€ 1.2 million gross margin · 2025

NOLMANS RETAIL SUPPORT

€ 4.7 million gross margin · 2025

+1 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0438.139.991

VAT number

BE 0438.139.991

Registered office

Calvarieberg 5, 3740 Bilzen-Hoeselt

Names & denominations

KOWIFRA

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

25 August 1989

Peppol

Active · Active since 25 Jun 2026

Activities · NACE

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View on CBE Public ↗ Annual accounts (NBB) ↗

KOWIFRA

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Financials

What happened to KOWIFRA?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions