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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Busy address KBO
103 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CoWelCo from Turnhout, company number BE0897999769, closed financial year 2025 with a result of € 45,516 after tax. For that financial year CoWelCo recorded a gross margin of € 51,159 and equity of € -5,468. Compared with financial year 2024, the result moved from € 25,202 to € 45,516. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2026.
€ -5,468
▲ € 45,516 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,516
▲ 81% vs 2024
Profit after tax over the fiscal year.
€ 5,340
▲ 289% 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 € -66,968.
People and assets in 2025
€ 200
▼ 78% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 97,655
▼ 12% vs 2024
€ 12,042 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 4,546
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 32,470 | € 48,930 | € 33,776 | € 51,159 | ▲ 51% |
| Profit after taxes | € 20,672 | € 40,751 | € 25,202 | € 45,516 | ▲ 81% |
| Equity | € 1,883 | € -76,185 | € -50,983 | € -5,468 | ▲ € 45,516 |
| Total debts | € 153,149 | € 125,081 | € 114,433 | € 102,201 | ▼ 11% |
| Cash | - | € 4,863 | € 1,373 | € 5,340 | ▲ 289% |
| Retained profit | € -59,617 | € -137,685 | € -112,483 | € -66,968 | ▲ € 45,516 |
| Bank debt | € 143,394 | € 121,488 | € 110,620 | € 97,655 | ▼ 12% |
| Balance sheet total | € 155,033 | € 48,896 | € 63,450 | € 96,733 | ▲ 52% |
Key figures of CoWelCo, fiscal years 2021 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 CoWelCo?
What happened at CoWelCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,516 (▲ 81% vs 2024). filed late Source: NBB ↗
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,672 profit in 2021 to € 45,516 profit in 2025.
Best year ever: 2025, with € 45,516 profit.
Establishments
Establishment units
Physical locations of this company
Patersstraat 100
2300 Turnhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 103 companies are registered at this address.
All companies at this address →N. Parlevliet Haring en Visgroothandel
€ -7,638 gross margin · 2024
EUROFFICE
€ 151,553 gross margin · 2023
IMMOSTRUCT
€ 2,022 gross margin · 2024
P.E.T. LOGISTICS
€ -154,973 gross margin · 2024
HENDRIMMO
€ 51,735 gross margin · 2025
+98 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
- 0897.999.769
- VAT number
- BE 0897.999.769
- Registered office
- Patersstraat 100, 2300 Turnhout
- Names & denominations
- CoWelCo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2008
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen
Groothandel in gereedschapswerktuigen