Financials
Financial year 2025
COWEN from Heist-op-den-Berg, company number BE0476464889, closed financial year 2025 with a result of € 112,254 after tax. For that financial year COWEN recorded a gross margin of € 314,411 and equity of € 541,326. Compared with financial year 2024, the result moved from € 85,255 to € 112,254. 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 29, 2026.
€ 541,326
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 112,254
▲ 32% vs 2024
Profit after tax over the fiscal year.
€ 353,603
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 535,124.
People and assets in 2025
6.1
Average over the fiscal year, from the social balance sheet.
€ 130,635
▲ 6% vs 2024
€ 21,400 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.
€ 18,642
▲ € 17,214 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.
€ 50,679
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,954
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 160,093 | € 253,720 | € 273,092 | € 314,411 | ▲ 15% |
| Profit after taxes | € 28,561 | € 92,357 | € 85,255 | € 112,254 | ▲ 32% |
| Equity | € 251,460 | € 343,817 | € 429,072 | € 541,326 | ▲ 26% |
| Total debts | € 92,844 | € 138,804 | € 174,561 | € 149,142 | ▼ 15% |
| Cash | € 93,892 | € 148,100 | € 261,915 | € 353,603 | ▲ 35% |
| Retained profit | € 245,258 | € 337,615 | € 422,869 | € 535,124 | ▲ 27% |
| Balance sheet total | € 344,304 | € 482,621 | € 603,632 | € 690,468 | ▲ 14% |
| Employees (FTE) | - | - | - | 6.1 |
Key figures of COWEN, 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 COWEN?
What happened at COWEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 112,254 (▲ 32% vs 2024). filed late Source: NBB ↗
- New establishment in Lier. KBO
- New establishment in Borsbeek. KBO
- New establishment in Lier. KBO
- New establishment in Heist-op-den-Berg. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,561 profit in 2022 to € 112,254 profit in 2025.
Paid € 113,374 in corporate taxes since 2022.
Best year ever: 2025, with € 112,254 profit.
On average € 51,500 of value added per employee in 2025.
Management
Behind COWEN is WENDY BOEXSTAENS.
Directors
According to the 2025 annual accounts
WENDY BOEXSTAENS
Director
Establishments
Establishment units
Physical locations of this company
Leopoldlei(HAL) 1
2220 Heist-op-den-Berg
Antwerpsestraat 58
2500 Lier
Active since 2 January 2012
de Robianostraat 155
2150 Borsbeek
Active since 2 January 2012
Lintsesteenweg 1
2500 Lier
Active since 2 January 2012
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.464.889
- VAT number
- BE 0476.464.889
- Registered office
- Leopoldlei(HAL) 1, 2220 Heist-op-den-Berg
- Names & denominations
- COWEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 December 2001
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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