Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
COWELL from Herstal, company number BE0446003426, closed financial year 2025 with a result of € -8,931 after tax. For that financial year COWELL recorded a gross margin of € 153,751 and equity of € 74,007. Compared with financial year 2024, the result moved from € -9,962 to € -8,931. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 74,007
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,931
▲ 10 % less loss than in 2024
Profit after tax over the fiscal year.
€ 10
▲ 142% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 55,407.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 102,973
▲ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 27,883
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14,978
▼ 42% vs 2024
Loans from banks and other lenders, long and short.
€ 49,703
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,806
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 143,551 | € 149,493 | € 139,059 | € 153,751 | ▲ 11% |
| Profit after taxes | € -3,257 | € -9,941 | € -9,962 | € -8,931 | ▲ € 1,031 |
| Equity | € 102,841 | € 92,900 | € 82,938 | € 74,007 | ▼ 11% |
| Total debts | € 122,977 | € 116,689 | € 158,553 | € 87,390 | ▼ 45% |
| Cash | € 5,589 | € 981 | € 4 | € 10 | ▲ 142% |
| Retained profit | € 84,241 | € 74,300 | € 64,338 | € 55,407 | ▼ 14% |
| Bank debt | € 50,658 | € 63,158 | € 25,790 | € 14,978 | ▼ 42% |
| Balance sheet total | € 225,818 | € 209,589 | € 241,491 | € 161,396 | ▼ 33% |
Key figures of COWELL, 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 COWELL?
What happened at COWELL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,931. filed late Source: NBB ↗
- Christian BASTIN became a director. NBB
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,257 loss in 2022 to € 8,931 loss in 2025.
Paid € 7,906 in corporate taxes since 2022.
Management
Behind COWELL is Christian BASTIN.
Directors
According to the 2025 annual accounts
Christian BASTIN
Administrateur
since 2008
Establishments
Establishment units
Physical locations of this company
Rue de l'Abbaye 132
4040 Herstal
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.003.426
- VAT number
- BE 0446.003.426
- Registered office
- Rue de l'Abbaye 132, 4040 Herstal
- Names & denominations
- COWELL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1991
- Peppol
- Active · Active since 18 Jan 2026
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
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