Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Van Den Neste - Cowan from Pajottegem, company number BE0818164316, closed financial year 2025 with a result of € 29,751 after tax. For that financial year Van Den Neste - Cowan recorded a gross margin of € 125,834 and equity of € 192,583. Compared with financial year 2024, the result moved from € 20,419 to € 29,751. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 15, 2026.
€ 192,583
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,751
▲ 46% vs 2024
Profit after tax over the fiscal year.
€ 6,370
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 76,066
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 441,167
▼ 9% vs 2024
€ 41,832 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 285,745 | € 111,268 | € 111,934 | € 125,834 | ▲ 12% |
| Profit after taxes | € 102,656 | € 21,098 | € 20,419 | € 29,751 | ▲ 46% |
| Equity | € 271,263 | € 242,412 | € 212,832 | € 192,583 | ▼ 10% |
| Total debts | € 721,313 | € 618,104 | € 592,493 | € 502,233 | ▼ 15% |
| Cash | € 41,558 | € 14,219 | € 26,235 | € 6,370 | ▼ 76% |
| Land & buildings | € 757,365 | € 713,507 | € 670,677 | € 624,509 | ▼ 7% |
| Retained profit | € 265,063 | € 236,212 | € 206,632 | € 186,383 | ▼ 10% |
| Dividend | € 50,000 | € 50,000 | € 50,000 | € 50,000 | |
| Bank debt | € 597,265 | € 534,612 | € 486,413 | € 441,167 | ▼ 9% |
| Balance sheet total | € 1,017,372 | € 885,330 | € 829,711 | € 718,776 | ▼ 13% |
Key figures of Van Den Neste - Cowan, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Van Den Neste - Cowan?
What happened at Van Den Neste - Cowan in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,751 (▲ 46% vs 2024). Source: NBB ↗
- Steven Wenseleers became a director. NBB
- Tom Ledermann became a director. NBB
- Tim Wauters became a director. NBB
- New establishment in Pajottegem. KBO
- Start of the company according to the CBE. KBO
- Wim Van Den Neste became a director. NBB
- Arn Cowan became a director. NBB
In short
From € 102,656 profit in 2022 to € 29,751 profit in 2025.
Paid € 30,894 in corporate taxes since 2022.
Best year ever: 2022, with € 102,656 profit.
Paid out € 200,000 in dividends to the owners in total.
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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
The stake of Van Den Neste & Partners Immo comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Van Den Neste - CowanBehind Van Den Neste - Cowan are Wim Van Den Neste, Steven Wenseleers, Tim Wauters, Arn Cowan and Tom Ledermann. The shares are held by Van Den Neste & Partners Immo (100%).
Directors
According to the 2025 annual accounts
Wim Van Den Neste
Director
Also active at: Van Den Neste & Partners, Van Den Neste & Partners Immo, Neste Invest, 3Wplus Energie, IMMO NIDUS
since 2009
since 2021
since 2018
since 2009
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Spoorwegstraat 14C
1540 Pajottegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
TRANSIP-AS Amsterdam, the Netherlands, NL
Domain
Domain
vandenneste.net
Registered
2003-08-21
Registrar
Combell NV
Expires
2026-08-21
Website info
Features
Security
Network
Details
- Company number
- 0818.164.316
- VAT number
- BE 0818.164.316
- Registered office
- Spoorwegstraat 14C, 1540 Pajottegem
- Names & denominations
- Van Den Neste - Cowan
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2009
- Peppol
- Active · Active since 27 Mar 2026
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