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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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COWEN PROJECT from Gesves, company number BE0743486984, closed financial year 2025 with a result of € 529 after tax. For that financial year COWEN PROJECT recorded a gross margin of € 17,780 and equity of € 12,223. Compared with financial year 2024, the result moved from € -62 to € 529. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 12,223
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 529
▲ still € 62 loss in 2024
Profit after tax over the fiscal year.
€ 4,531
▲ 22% 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 € -13,152.
Debts at end 2025
€ 151,848
▼ 5% vs 2024
€ 8,813 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 507
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,361 | € 17,377 | € 17,395 | € 17,780 | ▲ 2% |
| Profit after taxes | € 2,161 | € 554 | € -62 | € 529 | ▲ € 590 |
| Equity | € 6,827 | € 12,256 | € 11,944 | € 12,223 | ▲ 2% |
| Total debts | € 270,312 | € 274,796 | € 261,422 | € 251,154 | ▼ 4% |
| Cash | € 6,404 | € 2,850 | € 3,713 | € 4,531 | ▲ 22% |
| Land & buildings | € 250,543 | € 238,814 | € 226,686 | € 214,957 | ▼ 5% |
| Retained profit | € -14,173 | € -13,619 | € -13,681 | € -13,152 | ▲ € 529 |
| Bank debt | € 177,928 | € 169,647 | € 160,485 | € 151,848 | ▼ 5% |
| Balance sheet total | € 277,139 | € 287,052 | € 273,366 | € 263,376 | ▼ 4% |
Key figures of COWEN PROJECT, 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 PROJECT?
What happened at COWEN PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 529. Source: NBB ↗
- COLIENNE LEMAITRE became a director. NBB
- New establishment in Gesves. KBO
- GWENAEL BREULS DE TIECKEN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,161 profit in 2022 to € 529 profit in 2025.
Best year ever: 2022, with € 2,161 profit.
Management
Behind COWEN PROJECT are COLIENNE LEMAITRE and GWENAEL BREULS DE TIECKEN.
Directors
According to the 2025 annual accounts
COLIENNE LEMAITRE
Director
since 2021
GWENAEL BREULS DE TIECKEN
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Fond del Vie 2
5340 Gesves
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
- 0743.486.984
- VAT number
- BE 0743.486.984
- Registered office
- Fond del Vie 2, 5340 Gesves
- Names & denominations
- COWEN PROJECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 February 2020
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Handel in eigen onroerend goed