ACTIVE

KOWIFRA

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Financial year 2025 · Closed on 31/12/2025

Net result360,6 k €+65,6 %over 1 year
Gross margin436,8 k €+27,2 %over 1 year
Equity5,6 M €+6,9 %over 1 year

Identity

Source · BCE/KBO

KOWIFRA is a Private limited company incorporated in 1989. Its main activity is: Computer programming activities. Its registered office is in Bilzen-Hoeselt.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.139.991
Incorporation
25/08/1989
Legal form
Private limited company
Registered office
Calvarieberg 5
3740 Bilzen-Hoeselt · FlandreSee on map
Contributed capital
1 110 249,96 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin436,8 k €343,5 k €484,8 k €318,4 k €355,2 k €
EBITDA416,6 k €323,8 k €465,9 k €301,3 k €338,5 k €
Operating result377,6 k €292,1 k €450 k €299,1 k €338,3 k €
Net result360,6 k €217,8 k €330 k €219,8 k €4,3 M €
Balance sheet
Equity5,6 M €5,2 M €6 M €6,6 M €7,2 M €
Total assets11,6 M €5,5 M €7,2 M €6,7 M €7,5 M €
Cash132,6 k €286 k €535,8 k €391,5 k €1,2 M €
Debts6 M €272,4 k €1,2 M €137,5 k €198,4 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

3 active · 4 ended

Active mandates

Frank Nolmans

Director

Active
Koenraad Nolmans

Director

Active
Wim Nolmans

Director

Active

Ended mandates

Edmond Nolmans

Manager

Ended
Frank Nolmans

Manager

Ended
Koen Nolmans

Manager

Ended
Wim Nolmans

Manager

Ended

Other companies at this address

Calvarieberg 5 3740 Bilzen-Hoeselt
CompanyCBE no.
NOLMANS RETAIL SUPPORT● Active
0884.751.945
ToyChamp Belgium● Active
0474.790.947
ToyChamp Funstores● Active
1020.363.586
Toychamp Holding● Active
0761.914.610
TOYCHAMP SUPERSTORES● Active
0833.801.508
WINKELCENTRUM ZUIDERRING● Active
0406.843.338

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202624/07/202524/07/202531/08/202312/09/202230/08/2021
General meeting01/06/202602/06/202503/06/202401/05/202302/05/202203/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202631/08/2026DutchPDF
Abridged model31/12/202402/06/202524/07/2025DutchPDF
Abridged modelCorrection31/12/202303/06/202424/07/2025DutchPDF
Abridged model31/12/202306/05/202428/08/2024DutchPDF
Abridged model31/12/202201/05/202331/08/2023DutchPDF
Abridged model31/12/202102/05/202212/09/2022DutchPDF
Abridged model31/12/202003/05/202130/08/2021DutchPDF
Abridged model31/12/201904/05/202028/08/2020DutchPDF
Abridged model31/12/201806/05/201928/08/2019DutchPDF
Abridged model31/12/201707/05/201831/08/2018DutchPDF
Abridged model31/12/201602/05/201731/08/2017DutchPDF
Abridged model31/12/201502/05/201628/07/2016DutchPDF
Abridged model31/12/201404/05/201503/07/2015DutchPDF
Abridged model31/12/201305/05/201422/08/2014DutchPDF
Abridged model31/12/201206/05/201314/08/2013DutchPDF
Abridged model31/12/201107/05/201229/08/2012DutchPDF
Abridged model31/12/201002/05/201130/08/2011DutchPDF
Abridged model31/12/200903/05/201007/07/2010DutchPDF
Abridged model31/12/200804/05/200910/08/2009DutchPDF
Abridged model31/12/200705/05/200818/08/2008DutchPDF
Abridged model31/12/200607/05/200731/07/2007DutchPDF

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

3 active · 4 ended

Active mandates

Frank Nolmans

Director

Active
Koenraad Nolmans

Director

Active
Wim Nolmans

Director

Active

Ended mandates

Edmond Nolmans

Manager

Ended
Frank Nolmans

Manager

Ended
Koen Nolmans

Manager

Ended
Wim Nolmans

Manager

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other01/07/2026
    —
    PDF
  • Capital / shares11/05/2026
    KAPITAAL - AANDELEN
    PDF
  • Other27/12/2024
    ALGEMENE VERGADERING
    PDF
  • Mandates25/01/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
    PDF
  • Capital / shares19/02/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates27/11/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares03/01/2005
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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 2025360,6 k €↑
  2. 2024
    Annual accounts 2024217,8 k €↓
  3. 2023
    Annual accounts 2023330 k €↑
  4. 2022
    Annual accounts 2022219,8 k €↓
  5. 2021
    Annual accounts 20214,3 M €↑
  6. 2020
    Annual accounts 2020228,9 k €↑
  7. 2019
    Annual accounts 2019201,5 k €↑
  8. 2018
    Annual accounts 2018145,7 k €↑
  9. 2017
    Annual accounts 2017118,8 k €↑
  10. 2016
    Annual accounts 2016117,6 k €↑
  11. 2015
    Annual accounts 2015107,3 k €↑
  12. 2014
    Annual accounts 201492,2 k €↑
  13. 2013
    Annual accounts 201330,7 k €↓
  14. 2012
    Annual accounts 201234,8 k €↑
  15. 2011
    Annual accounts 201116,4 k €↓
  16. 2010
    Annual accounts 201050,9 k €↓
  17. 2009
    Annual accounts 200958,5 k €↓
  18. 2008
    Annual accounts 200882,3 k €↑
  19. 2007
    Annual accounts 200763,1 k €↑
  20. 2006
    Annual accounts 200656,7 k €
  21. 25/08/1989
    IncorporationPrivate limited company