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COWALCA

Active
Public limited companyfounded 198045 yrs activeRue des Pieds d'Alouette(NN) 18, 5100 Namur, BelgiumKBO/BCE: BE 0421.052.452
Summary

COWALCA has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.2m and a net result of €2.1m. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

What they do
Wholesale of other machinery and equipment
NACE 46649NACE 46699NACE 46742
#4 company by equity in Namur, Wholesale and retail trade sector1 site
How big
€29.7mturnover 2025
Staff
26.8 FTE
Equity
€12.2m
Profit
€2.1m
Financially healthy?
85 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Who decides
Accounts 99 d early0 of 11 deeds read
Why 85- Higher-failure-rate sector- Higher-failure-rate region+ Long track record+ Annual accounts: healthy financial profile+ Lower-risk legal formLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability78▲+4
Solvency100▲+2
Growth76▲+1
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000,000 at 30 days acceptable
Liquidity ample (current ratio 4.33 against 4.01 in 2024; short-term debt: 20.3% and cash: 18% of total assets), and 23.3% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 45 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
76.7%
Return on assets
13.3%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 23-04-2026, 99 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
99 d early
2024
58 d early
2023
61 d early
2022
70 d early
2021
90 d early
2020
82 d early
2019
51 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 73 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 22 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Equity above €10mEq €10.7m ▲9.4%

Financials

Fiscal year 2025Turnover €29.7mProfit €2.1mSolvency 76.7%Liquidity 4.33
Turnover
€29.7m▲ 15.8%
2018 - 2025
Net result
€2.1m▲ 39.6%
2018 - 2025
Equity
€12.2m▲ 14.2%
2018 - 2025
Staff (FTE)
26.8▲ 9.8%
2018 - 2025

Financials · fiscal year 2025, full schema

Trend over the years8 fiscal years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€18.3m▲ 19.0%€25.7m▲ 40.3%€28.6m▲ 11.0%€25.7m▼ 10.2%€29.7m▲ 15.8%
Operating result€1.5m▲ 65.6%€2.7m▲ 79.8%€3.5m▲ 29.3%€2.0m▼ 42.7%€2.8m▲ 38.8%
Net result€1.1mabove the sector's middle half▲ 58.9%€2.0mabove the sector's middle half▲ 74.9%€2.6mabove the sector's middle half▲ 30.1%€1.5mabove the sector's middle half▼ 41.7%€2.1mabove the sector's middle half▲ 39.6%
EBIT margin8.1%▲ 2.3pp10.4%▲ 2.3pp12.1%▲ 1.7pp7.7%▼ 4.4pp9.3%▲ 1.5pp
Equity€9.7mabove the sector's middle half▲ 8.3%€7.9mabove the sector's middle half▼ 18.4%€9.8mabove the sector's middle half▲ 24.1%€10.7mabove the sector's middle half▲ 9.4%€12.2mabove the sector's middle half▲ 14.2%
Total assets€12.1mabove the sector's middle half▲ 1.6%€15.1mabove the sector's middle half▲ 24.9%€14.3mabove the sector's middle half▼ 5.7%€14.6mabove the sector's middle half▲ 2.1%€15.9mabove the sector's middle half▲ 9.3%
Debt€2.4m▼ 18.3%€7.2m▲ 196%€4.5m▼ 38.1%€3.9m▼ 13.8%€3.7m▼ 4.1%
Working capital€8.1mabove the sector's middle half▲ 9.0%€7.1mabove the sector's middle half▼ 12.1%€8.5mabove the sector's middle half▲ 18.8%€9.4mabove the sector's middle half▲ 11.2%€10.7mabove the sector's middle half▲ 14.1%
Solvency79.8%above the sector's middle half▲ 4.9pp52.1%within the sector's middle half▼ 27.7pp68.6%above the sector's middle half▲ 16.5pp73.5%above the sector's middle half▲ 4.9pp76.7%above the sector's middle half▲ 3.3pp
Current ratio5.81above the sector's middle half▲ 1.232.19within the sector's middle half▼ 3.623.42above the sector's middle half▲ 1.234.01above the sector's middle half▲ 0.594.33above the sector's middle half▲ 0.32
Return on assets (ROA)9.4%within the sector's middle half▲ 3.4pp13.2%above the sector's middle half▲ 3.8pp18.2%above the sector's middle half▲ 5.0pp10.4%above the sector's middle half▼ 7.8pp13.3%above the sector's middle half▲ 2.9pp
Staff (FTE)17.1within the sector's middle half▲ 6.2%22.4within the sector's middle half▲ 31.0%23.5within the sector's middle half▲ 4.9%24.4within the sector's middle half▲ 3.8%26.8within the sector's middle half▲ 9.8%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
€0€1.0m€2.0m€3.0mOperating result 2021: €1.5m€1.5mNet result 2021: €1.1m€1.1mOperating result 2022: €2.7m€2.7mNet result 2022: €2.0m€2.0mOperating result 2023: €3.5m€3.5mNet result 2023: €2.6m€2.6mOperating result 2024: €2.0m€2.0mNet result 2024: €1.5m€1.5mOperating result 2025: €2.8m€2.8mNet result 2025: €2.1m€2.1m20212022202320242025€0€1m€2m€3mOperating result 2023: €3.5m€3.5mNet result 2023: €2.6m€2.6mOperating result 2024: €2.0m€2mNet result 2024: €1.5m€1.5mOperating result 2025: €2.8m€2.8mNet result 2025: €2.1m€2.1m202320242025
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.9m
Fixed assets €1.9m ▼ 3.6%
Current assets €14.0m ▲ 11.4%
Equity and liabilities €15.9m
Equity €12.2m ▲ 14.2%
Debt €3.7m ▼ 4.1%
Debt's share of the balance-sheet total falls from 26.5% to 23.3%. Equity is higher and debt is lower.
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
€3.2m▲
2024 · €2.4m
Cash flow
€2.5m▲
2024 · €1.9m
Quick ratio
2.86▲
2024 · 2.60
Debt to equity
0.30▼
2024 · 0.36
ROE
17.3%▲
2024 · 14.2%
Interest coverage
226.30▲
2024 · 38.17
Debt ≤ 1 year
€3.2m▲
2024 · €3.1m
Debt > 1 year
€475,788▼
2024 · €729,615
Income taxes
€756,022▲
2024 · €544,510
Staff costs
€2.4m▲
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
Balance sheet Code20242025
Assets
Total assets20/58€14.6m€15.9m▲
Fixed assets21/28€2.0m€1.9m▼
Intangible fixed assets21€0.003m-
Tangible fixed assets22/27€1.4m€1.3m▼
Plant, machinery and equipment23€0.02m€0.005m▼
Furniture and vehicles24€0.6m€0.7m▲
Other tangible fixed assets26€0.8m€0.7m▼
Financial fixed assets28€0.6m€0.6m=
Other financial fixed assets284/8€0.6m€0.6m=
Amounts receivable and cash guarantees285/8€0.6m€0.6m=
Current assets29/58€12.5m€14.0m▲
Stocks and contracts in progress3€4.4m€4.7m▲
Stocks30/36€4.4m€4.7m▲
Goods purchased for resale34€4.4m€4.7m▲
Amounts receivable within one year40/41€6.0m€6.0m▼
Trade receivables40€6.0m€6.0m▼
Other amounts receivable41€0.001m€203▼
Current investments50/53€0.2m€0.2m=
Own shares50€0.2m€0.2m=
Cash at bank and in hand54/58€1.9m€2.9m▲
Deferred charges and accrued income490/1€0.07m€0.2m▲
Equity and liabilities
Total equity and liabilities10/49€14.6m€15.9m▲
Equity10/15€10.7m€12.2m▲
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Reserves13€10.5m€12.1m▲
Non-distributable reserves130/1€0.2m€0.2m=
Legal reserve130€0.01m€0.01m=
Own shares acquired1312€0.2m€0.2m=
Tax-exempt reserves132€0.4m€0.4m▲
Distributable reserves133€10.0m€11.5m▲
Profit (loss) carried forward14€0.01m€0.005m▼
Amounts payable17/49€3.9m€3.7m▼
Amounts payable after more than one year17€0.7m€0.5m▼
Financial debts170/4€0.7m€0.5m▼
Credit institutions173€0.7m€0.5m▼
Amounts payable within one year42/48€3.1m€3.2m▲
Current portion of amounts payable after more than one year42€0.3m€0.3m▲
Trade debts44€2.0m€2.0m▲
Suppliers440/4€2.0m€2.0m▲
Taxes, remuneration and social security45€0.3m€0.4m▲
Taxes450/3€0.1m€0.2m▲
Remuneration and social security454/9€0.2m€0.2m▲
Other amounts payable47/48€0.6m€0.6m=
Accrued charges and deferred income492/3€0.005m€0.001m▼
Income statement Code20242025
Operating income70/76A€25.8m€29.9m▲
Turnover70€25.7m€29.7m▲
Other operating income74€0.2m€0.3m▲
Operating charges60/66A€23.8m€27.2m▲
Goods for resale, raw materials and consumables60€19.4m€22.1m▲
Purchases600/8€19.7m€22.4m▲
Change in stocks: decrease (increase)609-€0.3m-€0.3m▼
Services and other goods61€1.9m€2.2m▲
Remuneration, social security and pensions62€2.2m€2.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€247€0.04m▲
Other operating charges640/8€0.02m€0.01m▼
Non-recurring operating charges66A€0.001m€0.02m▲
Operating profit (loss)9901€2.0m€2.8m▲
Financial income75/76B€0.1m€0.1m▲
Recurring financial income75€0.1m€0.1m▲
Income from financial fixed assets750€0.008m€0.003m▼
Other financial income752/9€0.1m€0.1m▲
Financial charges65/66B€0.06m€0.02m▼
Recurring financial charges65€0.06m€0.02m▼
Debt charges650-€0.01m
Other financial charges652/9€0.06m€0.01m▼
Profit (loss) for the period before taxes9903€2.1m€2.9m▲
Income taxes67/77€0.5m€0.8m▲
Taxes670/3€0.5m€0.8m▲
Tax adjustments and reversals of tax provisions77€0.002m-
Profit (loss) for the period9904€1.5m€2.1m▲
Transfer from tax-exempt reserves789€0.4m€0.3m▼
Transfer to tax-exempt reserves689-€0.4m
Profit (loss) for the period to be appropriated9905€1.9m€2.0m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.9m€2.1m▲
Profit (loss) brought forward from the previous period14P€0.001m€0.01m▲
Transfer to equity691/2€1.3m€1.5m▲
To other reserves6921€1.3m€1.5m▲
Profit to be distributed694/7€0.6m€0.6m=
Return on contributions (dividend)694€0.6m€0.6m=
Social balance
Average headcount (FTE)908724.426.8▲

The notes to these accounts (49 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€18.4m€25.9m€28.8m€25.8m€29.9m▲ 16.0%
Turnover70€18.3m€25.7m€28.6m€25.7m€29.7m▲ 15.8%
Other operating income74€0.1m€0.2m€0.2m€0.2m€0.3m▲ 47.8%
Operating charges60/66A€17.0m€23.3m€25.3m€23.8m€27.2m▲ 14.1%
Goods for resale, raw materials and consumables60€13.9m€19.4m€21.0m€19.4m€22.1m▲ 14.1%
Purchases600/8€15.2m€20.4m€21.1m€19.7m€22.4m▲ 14.2%
Change in stocks: decrease (increase)609-€1.3m-€1.0m-€0.1m-€0.3m-€0.3m▼ 20.8%
Services and other goods61€1.3m€1.9m€1.9m€1.9m€2.2m▲ 18.7%
Remuneration, social security and pensions62€1.3m€1.4m€1.9m€2.2m€2.4m▲ 11.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.3m€0.4m€0.4m€0.4m▼ 5.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.001m-€0.001m€0.02m€247€0.04m▲ 17,325%
Other operating charges640/8€0.02m€0.02m€0.02m€0.02m€0.01m▼ 39.3%
Non-recurring operating charges66A-€0.2m€0.01m€0.001m€0.02m▲ 1,921%
Operating profit (loss)9901€1.5m€2.7m€3.5m€2.0m€2.8m▲ 38.8%
Financial income75/76B€0.1m€0.1m€0.1m€0.1m€0.1m▲ 1.1%
Recurring financial income75€0.1m€0.1m€0.1m€0.1m€0.1m▲ 1.1%
Income from financial fixed assets750---€0.008m€0.003m▼ 67.0%
Income from current assets751€323-----
Other financial income752/9€0.1m€0.1m€0.1m€0.1m€0.1m▲ 5.5%
Financial charges65/66B€0.01m€0.02m€0.1m€0.06m€0.02m▼ 62.5%
Recurring financial charges65€0.01m€0.02m€0.1m€0.06m€0.02m▼ 62.5%
Debt charges650€0.009m€0.01m--€0.01m-
Other financial charges652/9€0.004m€0.008m€0.1m€0.06m€0.01m▼ 84.6%
Profit (loss) for the period before taxes9903€1.6m€2.8m€3.4m€2.1m€2.9m▲ 39.4%
Income taxes67/77€0.4m€0.8m€0.8m€0.5m€0.8m▲ 38.8%
Taxes670/3€0.4m€0.8m€0.9m€0.5m€0.8m▲ 38.3%
Tax adjustments and reversals of tax provisions77-€0.01m€0.04m€0.002m--
Profit (loss) for the period9904€1.1m€2.0m€2.6m€1.5m€2.1m▲ 39.6%
Transfer from tax-exempt reserves789€0.2m-€0.3m€0.4m€0.3m▼ 4.6%
Transfer to tax-exempt reserves689--€0.7m-€0.4m-
Profit (loss) for the period to be appropriated9905€1.3m€2.0m€2.2m€1.9m€2.0m▲ 8.6%
Line20212022202320242025Change
Assets
Total assets20/58€12.1m€15.1m€14.3m€14.6m€15.9m▲ 9.3%
Fixed assets21/28€2.3m€2.0m€2.3m€2.0m€1.9m▼ 3.6%
Intangible fixed assets21€0.02m€0.02m€0.009m€0.003m--
Tangible fixed assets22/27€1.7m€1.4m€1.7m€1.4m€1.3m▼ 4.9%
Land and buildings22€0.2m-----
Plant, machinery and equipment23€0.06m€0.04m€0.03m€0.02m€0.005m▼ 66.7%
Furniture and vehicles24€0.4m€0.4m€0.7m€0.6m€0.7m▲ 18.9%
Other tangible fixed assets26€1.0m€0.9m€1.0m€0.8m€0.7m▼ 19.6%
Financial fixed assets28€0.6m€0.6m€0.6m€0.6m€0.6m=
Other financial fixed assets284/8€0.6m€0.6m€0.6m€0.6m€0.6m=
Amounts receivable and cash guarantees285/8€0.6m€0.6m€0.6m€0.6m€0.6m=
Current assets29/58€9.8m€13.1m€12.0m€12.5m€14.0m▲ 11.4%
Stocks and contracts in progress3€3.0m€4.0m€4.1m€4.4m€4.7m▲ 7.9%
Stocks30/36€3.0m€4.0m€4.1m€4.4m€4.7m▲ 7.9%
Goods purchased for resale34€3.0m€4.0m€4.1m€4.4m€4.7m▲ 7.9%
Amounts receivable within one year40/41€4.6m€6.1m€5.8m€6.0m€6.0m▼ 1.2%
Trade receivables40€4.6m€6.1m€5.8m€6.0m€6.0m▼ 1.2%
Other amounts receivable41€0.03m€6€0.03m€0.001m€203▼ 86.4%
Current investments50/53€0.2m€0.2m€0.2m€0.2m€0.2m=
Own shares50€0.2m€0.2m€0.2m€0.2m€0.2m=
Cash at bank and in hand54/58€2.0m€2.8m€1.7m€1.9m€2.9m▲ 53.9%
Deferred charges and accrued income490/1€0.04m€0.06m€0.1m€0.07m€0.2m▲ 221%
Equity and liabilities
Total equity and liabilities10/49€12.1m€15.1m€14.3m€14.6m€15.9m▲ 9.3%
Equity10/15€9.7m€7.9m€9.8m€10.7m€12.2m▲ 14.2%
Contributions10/11€3.3m€0.1m€0.1m€0.1m€0.1m=
Capital10€3.3m€0.1m€0.1m€0.1m€0.1m=
Issued capital100€3.3m€0.1m€0.1m€0.1m€0.1m=
Reserves13€6.3m€7.7m€9.6m€10.5m€12.1m▲ 14.4%
Non-distributable reserves130/1€0.2m€0.2m€0.2m€0.2m€0.2m=
Legal reserve130€0.01m€0.01m€0.01m€0.01m€0.01m=
Own shares acquired1312€0.2m€0.2m€0.2m€0.2m€0.2m=
Tax-exempt reserves132€0.3m€0.3m€0.7m€0.4m€0.4m▲ 19.4%
Distributable reserves133€5.9m€7.3m€8.7m€10.0m€11.5m▲ 14.5%
Profit (loss) carried forward14€0.001m€0.01m€0.001m€0.01m€0.005m▼ 56.7%
Investment grants15€0.03m-----
Amounts payable17/49€2.4m€7.2m€4.5m€3.9m€3.7m▼ 4.1%
Amounts payable after more than one year17€0.8m€1.2m€1.0m€0.7m€0.5m▼ 34.8%
Financial debts170/4€0.8m€1.2m€1.0m€0.7m€0.5m▼ 34.8%
Credit institutions173€0.8m€1.2m€1.0m€0.7m€0.5m▼ 34.8%
Amounts payable within one year42/48€1.7m€6.0m€3.5m€3.1m€3.2m▲ 3.2%
Current portion of amounts payable after more than one year42€0.1m€0.2m€0.2m€0.3m€0.3m▲ 1.3%
Financial debts43-€1.8m€0.8m---
Credit institutions430/8-€1.8m€0.8m---
Trade debts44€1.0m€3.0m€1.5m€2.0m€2.0m▲ 0.4%
Suppliers440/4€1.0m€3.0m€1.5m€2.0m€2.0m▲ 0.4%
Taxes, remuneration and social security45€0.1m€0.4m€0.3m€0.3m€0.4m▲ 26.8%
Taxes450/3€0.02m€0.3m€0.1m€0.1m€0.2m▲ 80.5%
Remuneration and social security454/9€0.1m€0.2m€0.2m€0.2m€0.2m▲ 3.8%
Other amounts payable47/48€0.4m€0.6m€0.7m€0.6m€0.6m=
Accrued charges and deferred income492/3€0.002m€0.003m€0.002m€0.005m€0.001m▼ 86.8%
Line20212022202320242025Change
Profit (loss) for the period9904€1.1m€2.0m€2.6m€1.5m€2.1m▲ 39.6%
+ Depreciation and write-downs630€0.4m€0.3m€0.4m€0.4m€0.4m▼ 5.4%
Operating cash flow (approximation)€1.5m€2.3m€3.0m€1.9m€2.5m▲ 29.6%
Investment in fixed assets (approximation)-€112-€0.7m-€0.2m-€0.3m▼ 119%
Change in cash-€0.8m-€1.1m€0.1m€1.0m▲ 695%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Timeline

13 eventsLatest 23-04-2026Next filing 31-07-2027

History

COWALCA was incorporated on 12 December 1980.1 Revenue grew from €13.9m in 2018 to €29.7m in 2025 and headcount from 12.8 to 26.8 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-04
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
03-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Equity above €10mEq €10.7m ▲9.4%
7 profitable years in a row build equity to €10.7m.
31-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €2.6m ▲30.1%
Operating result €3.5m, net result €2.6m, both a record.
22-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
02-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
10-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
10-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Weakest financial yearnet €718,305 ▼1.4%
Net result drops to €718,305, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
25-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Support & recognitions

1 register with a recognition
Registered contractor
15
categories
Recognitions · licences · registrations1

Recognised contractor

15 categories
COWALCA SAapproval no. 42259
category C1, class 1 · category C2, class 1 · category D, class 1 · category D1, class 1 · category D16, class 1 · category D17, class 1 · category D18, class 1 · category E, class 1 · category E1, class 1 · category L2, class 1 · category M, class 1 · category M1, class 1 · category S4, class 1 · category T2, class 1 · category V, class 1
decision 14-09-2022

Company details

Public limited company · founded 12-12-1980Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPublic limited company
Founded12-12-1980
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46842Wholesale trade
46839Wholesale trade
Contact
E-mail facturation@cowalca.be
Fax 084/21 02 60Namur
E-invoicing
Reachable via Peppol
Peppol ID 0208:0421052452
Also 9925:BE0421052452
Registered 15-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 1980
seat establishment The establishment unit on the map
Ground area
2.0 ha
Building footprint
4,834 m²
Volume, LiDAR
31,856 m³
Parcel 92095B0017/00K000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Pieds d'Alouette(NN) 18, 5100 Namur
NACE 5153104
since 1980unit no. 2.018.216.642
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92095B0017/00K000 Wallonia 2.0 ha 1 · 4,834 m² 8.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

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