Summary
KOWIJN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €743,889 and a net result of €74,498. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 5587 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
114 d early
2023
113 d early
2022
97 d early
2021
96 d early
2020
101 d early
2019
39 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 94 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€743,889▲ 10.5%
2024 · €673,191
Net result
€74,498▼ 53.6%
2024 · €160,716
Total assets
€934,425▼ 3.4%
2024 · €967,545
Solvency
79.6%▲ 10.0pp
2024 · 69.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€333,718
Operating result€224,183▲ 2,191%€248,008▲ 10.6%€85,361▼ 65.6%€110,108▲ 29.0%€103,341▼ 6.1%
Net result€164,904above the sector's middle half▲ 4,196%€204,259above the sector's middle half▲ 23.9%€60,321within the sector's middle half▼ 70.5%€160,716within the sector's middle half▲ 166%€74,498within the sector's middle half▼ 53.6%
Equity€422,895above the sector's middle half▲ 18.1%€527,154above the sector's middle half▲ 24.7%€587,475above the sector's middle half▲ 11.4%€673,191within the sector's middle half▲ 14.6%€743,889within the sector's middle half▲ 10.5%
Total assets€939,267above the sector's middle half▼ 3.5%€1.0mabove the sector's middle half▲ 8.1%€847,489within the sector's middle half▼ 16.5%€967,545within the sector's middle half▲ 14.2%€934,425within the sector's middle half▼ 3.4%
Debt€516,372▼ 16.1%€488,056▼ 5.5%€260,014▼ 46.7%€294,354▲ 13.2%€190,536▼ 35.3%
Working capital-€65,923below the sector's middle half▼ 574%€52,662within the sector's middle half€7,376within the sector's middle half▼ 86.0%€92,615within the sector's middle half▲ 1,156%€177,462within the sector's middle half▲ 91.6%
Solvency45.0%within the sector's middle half▲ 8.3pp51.9%within the sector's middle half▲ 6.9pp69.3%within the sector's middle half▲ 17.4pp69.6%within the sector's middle half▲ 0.3pp79.6%above the sector's middle half▲ 10.0pp
Current ratio0.54below the sector's middle half▼ 0.301.34within the sector's middle half▲ 0.801.16within the sector's middle half▼ 0.181.77within the sector's middle half▲ 0.614.10above the sector's middle half▲ 2.34
Return on assets (ROA)17.6%within the sector's middle half▲ 17.2pp20.1%within the sector's middle half▲ 2.6pp7.1%within the sector's middle half▼ 13.0pp16.6%above the sector's middle half▲ 9.5pp8.0%within the sector's middle half▼ 8.6pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +166% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €934,425
Fixed assets
€699,799 ▼ 7.2%
Current assets
€234,626 ▲ 9.8%
Equity and liabilities €934,425
Equity
€743,889 ▲ 10.5%
Debt
€190,536 ▼ 35.3%
Debt's share of the balance-sheet total falls from 30.4% to 20.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.0%▼
2024 · 23.9%
Debt ≤ 1 year
€57,164▼
2024 · €120,986
Debt > 1 year
€133,372▼
2024 · €173,368
Income taxes
€26,900▲
2024 · €19,642
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €333,718 | - | - | - |
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €161,629 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,234 | €72,075 | €71,839 | €67,009 | €59,600 | ▼ 11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,450 | €0 | - | - |
| Other operating charges640/8 | €13,603 | €14,051 | €15,662 | €17,226 | €15,352 | ▼ 10.9% |
| Gross operating margin9900 | €309,019 | €334,133 | €175,312 | €194,343 | €178,293 | ▼ 8.3% |
| Operating profit (loss)9901 | €224,183 | €248,008 | €85,361 | €110,108 | €103,341 | ▼ 6.1% |
| Financial income75/76B | €39 | €27,030 | €10,811 | €81,081 | €4,286 | ▼ 94.7% |
| Recurring financial income75 | €39 | €27,030 | €10,811 | €81,081 | €4,286 | ▼ 94.7% |
| Financial charges65/66B | €8,100 | €4,383 | €15,747 | €10,832 | €6,229 | ▼ 42.5% |
| Recurring financial charges65 | €4,462 | €4,383 | €15,747 | €10,832 | €6,229 | ▼ 42.5% |
| Non-recurring financial charges66B | €3,638 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €216,122 | €270,655 | €80,425 | €180,357 | €101,398 | ▼ 43.8% |
| Income taxes67/77 | €51,218 | €66,395 | €20,103 | €19,642 | €26,900 | ▲ 37.0% |
| Profit (loss) for the period9904 | €164,904 | €204,259 | €60,321 | €160,716 | €74,498 | ▼ 53.6% |
| Profit (loss) for the period to be appropriated9905 | €164,904 | €204,259 | €60,321 | €160,716 | €74,498 | ▼ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €939,267 | €1.0m | €847,489 | €967,545 | €934,425 | ▼ 3.4% |
| Fixed assets21/28 | €862,174 | €807,852 | €793,463 | €753,943 | €699,799 | ▼ 7.2% |
| Intangible fixed assets21 | - | - | - | - | €452 | - |
| Tangible fixed assets22/27 | €827,174 | €762,852 | €693,463 | €653,943 | €599,347 | ▼ 8.3% |
| Land and buildings22 | €762,276 | €713,123 | €663,970 | €635,937 | €584,457 | ▼ 8.1% |
| Plant, machinery and equipment23 | €3,547 | €2,212 | €2,259 | €3,066 | €4,694 | ▲ 53.1% |
| Furniture and vehicles24 | €61,351 | €47,517 | €27,234 | €14,940 | €10,195 | ▼ 31.8% |
| Financial fixed assets28 | €35,000 | €45,000 | €100,000 | €100,000 | €100,000 | = |
| Current assets29/58 | €77,093 | €207,358 | €54,026 | €213,602 | €234,626 | ▲ 9.8% |
| Amounts receivable within one year40/41 | €17,220 | €9,660 | €515 | €25,272 | €1,175 | ▼ 95.3% |
| Trade receivables40 | €5,954 | €3,486 | €515 | €14,914 | €817 | ▼ 94.5% |
| Other amounts receivable41 | €11,266 | €6,173 | €0 | €10,358 | €358 | ▼ 96.5% |
| Current investments50/53 | - | - | - | €84,065 | €84,065 | = |
| Cash at bank and in hand54/58 | €59,211 | €194,506 | €51,401 | €103,778 | €147,992 | ▲ 42.6% |
| Deferred charges and accrued income490/1 | €662 | €3,192 | €2,110 | €487 | €1,394 | ▲ 186% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €939,267 | €1.0m | €847,489 | €967,545 | €934,425 | ▼ 3.4% |
| Equity10/15 | €422,895 | €527,154 | €587,475 | €673,191 | €743,889 | ▲ 10.5% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | €122,895 | €227,154 | €287,475 | €373,191 | €443,889 | ▲ 18.9% |
| Non-distributable reserves130/1 | €5,100 | €5,100 | €0 | €84,065 | €84,065 | = |
| Reserves not available under the articles1311 | €5,100 | €5,100 | €0 | - | - | - |
| Own shares acquired1312 | - | - | - | €84,065 | €84,065 | = |
| Tax-exempt reserves132 | €1,094 | €1,094 | €1,094 | €1,094 | €1,094 | = |
| Distributable reserves133 | €116,700 | €220,960 | €286,381 | €288,032 | €358,729 | ▲ 24.5% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €516,372 | €488,056 | €260,014 | €294,354 | €190,536 | ▼ 35.3% |
| Amounts payable after more than one year17 | €373,356 | €333,360 | €213,364 | €173,368 | €133,372 | ▼ 23.1% |
| Financial debts170/4 | €373,356 | €333,360 | €213,364 | €173,368 | €133,372 | ▼ 23.1% |
| Amounts payable within one year42/48 | €143,016 | €154,696 | €46,650 | €120,986 | €57,164 | ▼ 52.8% |
| Current portion of amounts payable after more than one year42 | €39,996 | €39,996 | €39,996 | €39,996 | €39,996 | = |
| Financial debts43 | €50 | €0 | - | €11 | €24 | ▲ 127% |
| Credit institutions430/8 | €50 | €0 | - | €11 | €24 | ▲ 127% |
| Trade debts44 | €2,695 | €4,322 | €2,270 | €1,618 | €1,738 | ▲ 7.4% |
| Suppliers440/4 | €2,695 | €4,322 | €2,270 | €1,618 | €1,738 | ▲ 7.4% |
| Taxes, remuneration and social security45 | €275 | €9,873 | €3,853 | €3,830 | €11,075 | ▲ 189% |
| Taxes450/3 | €275 | €9,873 | €3,853 | €3,830 | €11,075 | ▲ 189% |
| Other amounts payable47/48 | €100,000 | €100,504 | €531 | €75,531 | €4,331 | ▼ 94.3% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €164,904 | €204,259 | €60,321 | €160,716 | €74,498 | ▼ 53.6% |
| + Depreciation and write-downs630 | €71,234 | €72,075 | €71,839 | €67,009 | €59,600 | ▼ 11.1% |
| Operating cash flow (approximation) | €236,137 | €276,334 | €132,161 | €227,725 | €134,098 | ▼ 41.1% |
| Investment in fixed assets (approximation) | - | -€17,753 | -€57,451 | -€27,489 | -€5,455 | ▲ 80.2% |
| Change in cash | - | €135,295 | -€143,105 | €52,377 | €44,214 | ▼ 15.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 4.10
Current ratio from 1.77 to 4.10; short-term debt falls from €120,986 to €57,164.
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €204,259 ▲23.9%
Operating result €248,008, net result €204,259, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.34
Current ratio from 0.54 to 1.34.
31-12
Financial
Equity above €500,000Eq €527,154 ▲24.7%
4 profitable years in a row build equity to €527,154.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €52,254
Net result €52,254 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity times 22current ratio 1.33
Current ratio from 0.06 to 1.33; short-term debt falls from €143,607 to €51,936.
31-12
Financial
Equity above €200,000Eq €354,152 ▲582%
Equity rises from €51,898 to €354,152.
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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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, Antwerpen · 1 establishment unit since 2011
Ground area
518 m²
Building footprint
506 m²
Volume, LiDAR
5,929 m³
Parcel 11422C0294/00R020, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KOWIJN
since 20112.195.612.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0294/00R020 | Flanders | 518 m² | 1 · 506 m² | 14.0 m · 4 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
27.03%
-
14.29%
According to the 2025 annual accounts of KOWIJN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 614 EUR awarded · 614 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 614 EUR | 614 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,256 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64929Financial service activities, except insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832483197
Also
9925:BE0832483197
Registered
31-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.