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.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COW from Geraardsbergen, company number BE0732527370, closed financial year 2025 with a result of € -7,668 after tax. For that financial year COW recorded a gross margin of € -4,738 and equity of € 3,710. Compared with financial year 2024, the result moved from € -8,120 to € -7,668. The company made a loss. The buffer shrank hard: equity is 67 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 3,710
▼ 67% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,668
▲ 6 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,012
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -21,290.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 6,846
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 13,330
▲ € 10,912 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,726
▲ 33% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 24,617 | € 4,094 | € -6,601 | € -4,738 | ▲ € 1,864 |
| Profit after taxes | € -1,298 | € -1,655 | € -8,120 | € -7,668 | ▲ € 452 |
| Equity | € 21,154 | € 19,499 | € 11,378 | € 3,710 | ▼ 67% |
| Total debts | € 81,058 | € 84,039 | € 91,085 | € 114,047 | ▲ 25% |
| Cash | € 898 | € 19,680 | € 1,208 | € 1,012 | ▼ 16% |
| Retained profit | € -3,846 | € -5,501 | € -13,622 | € -21,290 | ▼ € 7,668 |
| Balance sheet total | € 102,212 | € 103,537 | € 102,463 | € 117,757 | ▲ 15% |
Key figures of COW, 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 COW?
What happened at COW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,668. Source: NBB ↗
- New establishment in Geraardsbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,298 loss in 2022 to € 7,668 loss in 2025.
A new publication or filing at COW? We notify you, reason included.
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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
Directors
According to the 2025 annual accounts
Michaël De Borre
Director
Establishments
Establishment units
Physical locations of this company
Hasseltkouter(Oph) 23A
9500 Geraardsbergen
Hasseltkouter(Oph) 23 box A
9500 Geraardsbergen
Active since 12 August 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0732.527.370
- VAT number
- BE 0732.527.370
- Registered office
- Hasseltkouter(Oph) 23A, 9500 Geraardsbergen
- Names & denominations
- COW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 August 2019
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
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