ACTIVE

COWALEX

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result-44,9 k €+46,6 %over 1 year
Revenue445,9 k €+11,7 %over 1 year
Equity136,8 k €-24,7 %over 1 year

Identity

Source · BCE/KBO

COWALEX is a Public limited company incorporated in 1989. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Saint-Gilles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.022.414
Incorporation
15/03/1989
Legal form
Public limited company
Registered office
Boulevard Poincaré 78-79
1060 Saint-Gilles · BruxellesSee on map
Contributed capital
249 500,00 €
Latest accounts
31/12/2025
Signals
Positive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 15 financial years

20252024202320222021
Income statement
Revenue445,9 k €399,2 k €449,6 k €497 k €397,3 k €
EBITDA7,9 k €-39,7 k €31,8 k €87,8 k €187,6 k €
Operating result-38,3 k €-61,5 k €12,9 k €58,9 k €147,1 k €
Net result-44,9 k €-84 k €5,6 k €29,9 k €132,4 k €
Balance sheet
Equity136,8 k €181,7 k €265,6 k €260 k €230,2 k €
Total assets811,9 k €1,1 M €758,5 k €723,2 k €821,3 k €
Cash36,1 k €14,2 k €198,6 k €102,3 k €85,9 k €
Debts464,6 k €692,4 k €492,9 k €463,2 k €591,2 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 49 ended

Active mandates

Franck Arlen

Director · since 30 juillet 2025 · until 30 juin 2031

Active
Jérôme WATERKEYN

Director · since 08 août 2023 · until 30 juin 2026

Active
Emmanuel Evence BERRYER

Chairman of the board of directors · since 18 juillet 2023 · until 29 juin 2026

Active
Jehan Georges DELACROIX

Director · since 18 juillet 2023 · until 29 juin 2026

Active
Pascal LAURENT

Managing director · since 18 juillet 2023 · until 29 juin 2026

Active

Ended mandates

Emmanuel Evence BERRYER

Chairman of the board of directors · since 30 juin 2023 · until 30 juin 2026

Ended
Jehan Georges DELACROIX

Director · since 30 juin 2023 · until 30 juin 2026

Ended
Jérôme WATERKEYN

Director · since 30 juin 2023 · until 30 juin 2026

Ended
Nicolas GERMOND

Director · since 30 juin 2023 · until 30 juin 2026

Ended

Other companies at this address

Boulevard Poincaré 78-79 1060 Saint-Gilles
CompanyCBE no.
Container4Home● Active
0450.462.060
ENERGY CLUSTER● Active
0480.283.919
Flexcity Belgium● Active
0880.270.050
GREEN BELGIAN ENVIRONMENTAL SOLUTIONS 2● Active
0737.775.763
Recyc-Mattress Belgium● Active
0443.153.903
Sarpi EcoServices BE● Active
0434.550.496
Société Simple Veolia - Equans Services● Active
0537.085.238
VAT Group VEOLIA ES Belux● Active
0837.423.962
VEOLIA-BESIX Environment Malmedy● Active
1008.670.039
VEOLIA ECOTEAM WASTE BE● Active
0846.189.594
Veolia Environmental Services BE● Active
0428.531.449
Veolia Environmental Services Belux● Active
0403.316.397
VEOLIA NV-SA● Active
0406.129.003
Veolia Treatment & Recycling BE● Active
0459.711.605

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/07/202630/07/202506/08/202424/07/202306/07/202222/07/2021
General meeting29/06/202630/07/202531/07/202417/07/202327/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for 7 days

Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/06/202624/07/2026FrenchPDF
Full model31/12/202430/07/202530/07/2025FrenchPDF
Full model31/12/202331/07/202406/08/2024FrenchPDF
Full model31/12/202217/07/202324/07/2023FrenchPDF
Full model31/12/202127/06/202206/07/2022FrenchPDF
Full model31/12/202028/06/202122/07/2021FrenchPDF
Full model31/12/201920/05/202009/06/2020FrenchPDF
Full model31/12/201815/05/201923/07/2019FrenchPDF
Full model31/12/201716/05/201812/06/2018FrenchPDF
Full model31/12/201617/05/201712/06/2017FrenchPDF
Full model31/12/201513/07/201604/08/2016FrenchPDF
Full model31/12/201426/10/201529/10/2015FrenchPDF
Full model31/12/201330/06/201428/07/2014FrenchPDF
Full model31/12/201224/06/201324/07/2013FrenchPDF
Full model31/12/201129/06/201220/07/2012FrenchPDF
Full model31/12/201030/06/201119/07/2011FrenchPDF
Full model31/12/200909/06/201028/07/2010FrenchPDF
Full model31/12/200820/05/200927/07/2009FrenchPDF
Full modelCorrection31/12/200711/06/200802/09/2008FrenchPDF
Full model31/12/200711/06/200811/07/2008FrenchPDF
Full model31/12/200606/06/200727/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 49 ended

Active mandates

Franck Arlen

Director · since 30 juillet 2025 · until 30 juin 2031

Active
Jérôme WATERKEYN

Director · since 08 août 2023 · until 30 juin 2026

Active
Emmanuel Evence BERRYER

Chairman of the board of directors · since 18 juillet 2023 · until 29 juin 2026

Active
Jehan Georges DELACROIX

Director · since 18 juillet 2023 · until 29 juin 2026

Active
Pascal LAURENT

Managing director · since 18 juillet 2023 · until 29 juin 2026

Active

Ended mandates

Emmanuel Evence BERRYER

Chairman of the board of directors · since 30 juin 2023 · until 30 juin 2026

Ended
Jehan Georges DELACROIX

Director · since 30 juin 2023 · until 30 juin 2026

Ended
Jérôme WATERKEYN

Director · since 30 juin 2023 · until 30 juin 2026

Ended
Nicolas GERMOND

Director · since 30 juin 2023 · until 30 juin 2026

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates20/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other19/08/2024
    DIVERS
    PDF
  • Mandates29/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office27/03/2023
    SIEGE SOCIAL
    PDF
  • Mandates25/06/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Other22/05/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE
    PDF
  • Mandates30/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-44,9 k €↑
  2. 2024
    Annual accounts 2024-84 k €↓
  3. 2023
    Annual accounts 20235,6 k €↓
  4. 2022
    Annual accounts 202229,9 k €↓
  5. 2021
    Annual accounts 2021132,4 k €↑
  6. 2020
    Annual accounts 2020-34,3 k €↓
  7. 2019
    Annual accounts 201912,7 k €↓
  8. 2018
    Annual accounts 201835,3 k €↑
  9. 2017
    Annual accounts 20176,2 k €↑
  10. 2015
    Annual accounts 2015-225,8 k €↓
  11. 2014
    Annual accounts 201444,4 k €↑
  12. 2012
    Annual accounts 2012-1,9 k €↓
  13. 2008
    Annual accounts 2008186,8 €↑
  14. 2007
    Annual accounts 2007-136,7 €↑
  15. 2006
    Annual accounts 2006-555,4 €
  16. 15/03/1989
    IncorporationPublic limited company