COWALIMMO
ActiveCOWALIMMO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.45M and a net result of €363k. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 13905 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-9
Solvency62▲+10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.49 in 2024), and 49.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
50.6%
Return on assets
7.5%
Age of the figures
8 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 28-05-2026, 64 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
64 d early
2024
51 d early
2023
61 d early
2022
70 d early
2021
47 d early
2020
44 d early
2019
51 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€363k▲ 4.9%
2024 · €346k
2019: €66k
2020: €389k
2021: €456k
2022: €439k
2023: €326k
2024: €346k
2019 → 2025
Working capital
€-350k▼ 12.0%
2024 · €-312k
2019: €-433k
2020: €-136k
2021: €51k
2022: €-65k
2023: €-242k
2024: €-312k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€974k-€1.41M▲ 45.1%€1.74M▲ 23.1%€2.09M▲ 19.9%€2.45M▲ 17.4%
Operating result€595k-€589k▼ 1.0%€528k▼ 10.4%€496k▼ 6.1%€517k▲ 4.2%
Net result€456k-€439k▼ 3.7%€326k▼ 25.7%€346k▲ 6.1%€363k▲ 4.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.84M
Fixed assets
€4.56M▼ 4.4%
Current assets
€280k▼ 6.1%
Equity and liabilities €4.84M
Equity
€2.45M▲ 17.4%
Debt
€2.39M▼ 19.8%
The debt ratio falls from 58.9% to 49.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€764k▲
2024 · €746k
Cash flow
€610k▲
2024 · €596k
Solvency
50.6%▲
2024 · 41.1%
Current ratio
0.44▼
2024 · 0.49
Quick ratio
0.44▼
2024 · 0.49
Debt / equity
0.98▼
2024 · 1.43
ROE
14.8%▼
2024 · 16.6%
ROA
7.5%▲
2024 · 6.8%
Interest coverage
24.21▲
2024 · 19.36
Debt
€2.39M▼
2024 · €2.99M
Debt ≤ 1 year
€630k▲
2024 · €611k
Debt > 1 year
€1.76M▼
2024 · €2.37M
Income taxes
€122k▲
2024 · €114k
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€5.07M€4.84M▼
Fixed assets21/28€4.77M€4.56M▼
Tangible fixed assets22/27€3.97M€3.76M▼
Land and buildings22€3.69M€3.51M▼
Plant, machinery and equipment23€282k€247k▼
Financial fixed assets28€800k€800k=
Current assets29/58€299k€280k▼
Amounts receivable within one year40/41€10k€43k▲
Trade receivables40-€43k
Other amounts receivable41€10k-
Cash at bank and in hand54/58€286k€235k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€5.07M€4.84M▼
Equity10/15€2.09M€2.45M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.01M€2.39M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€2.00M€2.38M▲
Profit (loss) carried forward14€17k€389▼
Amounts payable17/49€2.99M€2.39M▼
Amounts payable after more than one year17€2.37M€1.76M▼
Financial debts170/4€2.37M€1.76M▼
Amounts payable within one year42/48€611k€630k▲
Current portion of amounts payable after more than one year42€605k€612k▲
Taxes, remuneration and social security45€6k€19k▲
Taxes450/3€6k€19k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€250k€247k▼
Other operating charges640/8€917€21k▲
Gross operating margin9900€747k€785k▲
Operating profit (loss)9901€496k€517k▲
Financial income75/76B€3k€7▼
Recurring financial income75€3k€7▼
Financial charges65/66B€39k€32k▼
Recurring financial charges65€39k€32k▼
Profit (loss) for the period before taxes9903€460k€485k▲
Income taxes67/77€114k€122k▲
Profit (loss) for the period9904€346k€363k▲
Profit (loss) for the period to be appropriated9905€346k€363k▲
Appropriation of the result
Profit (loss) to be appropriated9906€347k€380k▲
Profit (loss) brought forward from the previous period14P€1k€17k▲
Transfer to equity691/2€330k€380k▲
To other reserves6921€330k€380k▲
The notes to these accounts (8 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €2MEq €2.09M ▲19.9%
6 profitable years in a row build equity to €2.09M.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.41M ▲45.1%
4 profitable years in a row build equity to €1.41M.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €456k ▲17.1%
Operating result €595k, net result €456k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €518k ▲304%
2 profitable years in a row build equity to €518k.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Namur · 1 establishment unit since 2018
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.
Rue des Pieds d'Alouette(NN) 185100 NamurGround 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
COWALIMMO
since 20182.287.530.016
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
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.
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BOSSU INVEST
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VANDERHALLEN IMMO
BE 0607.980.162
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IMMOTOP
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Pastoor Termote
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,353. 2,460 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:facturation@cowalca.be