Cowala
ActiveCowala has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €45k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 16941 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
98
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency97▼-3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 8.56 in 2024), and 44.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.9%
Return on assets
28.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
6 d early
2023
5 d early
2022
31 d late
2021
12 d early
2020
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▼ 45.4%
2024 · €161k
2020: €43k
2021: €67k
2022: €90k
2023: €139k
2024: €161k
2020 → 2025
Total assets
€157k▼ 12.4%
2024 · €180k
2020: €48k
2021: €75k
2022: €108k
2023: €156k
2024: €180k
2020 → 2025
Net result
€45k▲ 11.7%
2024 · €40k
2020: €37k
2021: €24k
2022: €36k
2023: €49k
2024: €40k
2020 → 2025
Working capital
€72k▼ 48.6%
2024 · €140k
2020: €43k
2021: €65k
2022: €89k
2023: €121k
2024: €140k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€90k▲ 35.3%€139k▲ 54.2%€161k▲ 16.1%€88k▼ 45.4%
Operating result€31k-€47k▲ 51.6%€63k▲ 34.2%€52k▼ 16.9%€58k▲ 12.0%
Net result€24k-€36k▲ 52.8%€49k▲ 35.5%€40k▼ 17.8%€45k▲ 11.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€16k▼ 24.2%
Current assets
€141k▼ 10.8%
Equity and liabilities €157k
Equity
€88k▼ 45.4%
Debt
€69k▲ 275%
The debt ratio rises from 10.3% to 44.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€63k▲
2024 · €55k
Cash flow
€50k▲
2024 · €43k
Solvency
55.9%▼
2024 · 89.7%
Current ratio
2.03▼
2024 · 8.56
Quick ratio
2.03▼
2024 · 8.56
Debt / equity
0.79▲
2024 · 0.11
ROE
50.8%▲
2024 · 24.8%
ROA
28.4%▲
2024 · 22.3%
Interest coverage
68.27▲
2024 · 61.54
Debt
€69k▲
2024 · €18k
Debt ≤ 1 year
€69k▲
2024 · €18k
Income taxes
€13k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€180k€157k▼
Fixed assets21/28€21k€16k▼
Tangible fixed assets22/27€21k€16k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€6k€2k▼
Other tangible fixed assets26€16k€14k▼
Current assets29/58€158k€141k▼
Amounts receivable within one year40/41€38k€30k▼
Trade receivables40€37k€29k▼
Other amounts receivable41€891€923▲
Cash at bank and in hand54/58€118k€109k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€180k€157k▼
Equity10/15€161k€88k▼
Contributions10/11€6k€6k=
Reserves13€155k€82k▼
Distributable reserves133€155k€82k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€18k€69k▲
Amounts payable within one year42/48€18k€69k▲
Financial debts43€25€132▲
Credit institutions430/8€25€132▲
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€10k€61k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€239€258▲
Non-recurring operating charges66A€0€49▲
Gross operating margin9900€56k€64k▲
Operating profit (loss)9901€52k€58k▲
Financial income75/76B€21€14▼
Recurring financial income75€21€14▼
Financial charges65/66B€900€930▲
Recurring financial charges65€900€930▲
Profit (loss) for the period before taxes9903€51k€57k▲
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€40k€45k▲
Profit (loss) for the period to be appropriated9905€40k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€45k▲
Transfer from equity791/2€18k€118k▲
Transfer to equity691/2€40k€45k▲
To other reserves6921€40k€45k▲
Profit to be distributed694/7€18k€118k▲
Return on contributions (dividend)694€18k€118k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €161k ▲16.1%
5 profitable years in a row build equity to €161k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €49k ▲35.5%
Operating result €63k, net result €49k, both a record.
31-12
Financial
Equity above €100kEq €139k ▲54.2%
4 profitable years in a row build equity to €139k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €24k ▼36.3%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Montfortstraat 192550 KontichGround area
568 m²
Building footprint
148 m²
Volume, LiDAR
751 m³
Parcel 11602E0195/00D005, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Cowala
since 20202.299.647.096
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0195/00D005 | Flanders | 568 m² | 1 · 148 m² | 9.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MYNART
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Jeroen Pepermans Consulting
BE 0799.213.088
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Y&N PARTNERS
BE 0667.742.258
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NWN SOFTWARE
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Of 29,997 companies in sector 62200 we hold annual accounts for 18,386. 15,580 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.