Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
50 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
KOWALA PRODUCTIONS from Gent, company number BE0667750473, closed financial year 2025 with a result of € -471,327 after tax. For that financial year KOWALA PRODUCTIONS recorded revenue of € 220,471 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -244,104 to € -471,327. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 1.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -471,327
▼ 93 % more loss than in 2024
Profit after tax over the fiscal year.
€ 92,970
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -246,598.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 100,393
▲ 5% vs 2024
€ 50,200 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.
€ 25,252
▲ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 34,024
▼ 52% vs 2024
€ 13,516 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 111,502
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,756
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 627,772 | € 660,477 | € 491,445 | € 220,471 | ▼ 55% |
| Gross margin | € 151,063 | € 111,043 | € -32,210 | € -272,856 | ▼ € 240,646 |
| Profit after taxes | € 74,708 | € 105,922 | € -244,104 | € -471,327 | ▼ € 227,223 |
| Equity | € 1,484,161 | € 1,590,083 | € 1,345,979 | € 1,351,759 | |
| Total debts | € 1,536,318 | € 2,291,406 | € 3,041,954 | € 4,041,684 | ▲ 33% |
| Cash | € 63,424 | € 61,690 | € 72,335 | € 92,970 | ▲ 29% |
| Retained profit | € 362,911 | € 468,833 | € 224,729 | € -246,598 | ▼ € 471,327 |
| Bank debt | € 0 | € 0 | € 70,665 | € 34,024 | ▼ 52% |
| Balance sheet total | € 3,020,479 | € 3,881,489 | € 4,387,933 | € 5,393,443 | ▲ 23% |
| Employees (FTE) | - | 2 | 2 | 2 |
Key figures of KOWALA PRODUCTIONS, 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 KOWALA PRODUCTIONS?
What happened at KOWALA PRODUCTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 471,327. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Samuel Baro became a director. NBB
In short
From € 74,708 profit in 2022 to € 471,327 loss in 2025.
Paid € 30,392 in corporate taxes since 2022.
Best year ever: 2023, with € 105,922 profit.
On average € 55,500 of value added per employee in 2023.
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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
Behind KOWALA PRODUCTIONS is Samuel Baro. It owns 100% of Well Played, 100% of HR SQUARE Group, 93.8% of HR SQUARE, 88.4% of Zorg Magazine, 70% of Feestarchitect Christ Schepens and 50% of Gelotology itself.
Directors
According to the 2025 annual accounts
Samuel Baro
Director
Also active at: KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling, Audio Video Studio Oostvlaamse Televisie, HR SQUARE Group, REFLEX HEALTHCARE PEOPLE, HR SQUARE, CENTURION, Planet Group Interim & Recruitment, Well Played +37 more
since 2016
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 808 box 47
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 50 companies are registered at this address.
All companies at this address →Schaeffler Belgium
€ 21.9 million revenue · 2025
KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling same network
€ 37.5 million revenue · 2025
Bontinck Architecture and Interior NV
€ 2.5 million revenue · 2026
Sales Management Association Belgium
KAAG Management
€ 136,551 gross margin · 2025
+45 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
- 0667.750.473
- VAT number
- BE 0667.750.473
- Registered office
- Ottergemsesteenweg-Zuid 808 bus 47, 9000 Gent
- Names & denominations
- KOWALA PRODUCTIONS · KOWALA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2016
- Peppol
- Not registered
- Contact
- [email protected]
- Activities · NACE
Productie van televisiefilms
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Samenstellen en uitzenden van televisieprogramma’s en distributie van video’s
Markt- en opinieonderzoek