Financials
Financial year 2025
COWORKS from De Panne, company number BE0475580904, closed financial year 2025 with a result of € 41,065 after tax. For that financial year COWORKS recorded a gross margin of € 194,576 and equity of € 430,640. Compared with financial year 2024, the result moved from € 94,805 to € 41,065. The company is profitable. 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 June 29, 2026.
€ 430,640
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,065
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 84,225
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 99,270 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 149,527
▲ 4% 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.
€ 1,002
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 53,898
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,782
▼ 66% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 258,046 | € 279,479 | € 269,475 | € 194,576 | ▼ 28% |
| Profit after taxes | € 98,775 | € 91,857 | € 94,805 | € 41,065 | ▼ 57% |
| Equity | € 488,123 | € 501,980 | € 488,845 | € 430,640 | ▼ 12% |
| Total debts | € 436,863 | € 217,289 | € 151,467 | € 209,426 | ▲ 38% |
| Cash | € 176,962 | € 112,212 | € 111,525 | € 84,225 | ▼ 24% |
| Retained profit | € 476,123 | € 489,980 | € 488,845 | € 430,640 | ▼ 12% |
| Dividend | € 66,500 | € 78,000 | € 107,940 | € 99,270 | ▼ 8% |
| Balance sheet total | € 924,986 | € 719,269 | € 640,312 | € 640,066 |
Key figures of COWORKS, 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 COWORKS?
What happened at COWORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,065 (▼ 57% vs 2024). Source: NBB ↗
- New establishment in De Panne. KBO
- Start of the company according to the CBE. KBO
In short
From € 98,775 profit in 2022 to € 41,065 profit in 2025.
Paid € 150,784 in corporate taxes since 2022.
Best year ever: 2022, with € 98,775 profit.
Paid out € 351,710 in dividends to the owners in total.
Management
Behind COWORKS is KURT MAET. KURT MAET is also behind ERFF.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Westhoeklaan 17
8660 De Panne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0475.580.904
- VAT number
- BE 0475.580.904
- Registered office
- Westhoeklaan 17, 8660 De Panne
- Names & denominations
- COWORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 September 2001
- Peppol
- Active · Active since 3 Jan 2025
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