ACTIVE

NOWA

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Financial year 2025 · closed on 31/12/2025

Net result

-2,6 M €

-85.0% YoY

Revenue

5,6 M €

+285.6% YoY

Equity

9 M €

-22.4% YoY

Workforce

4,5 ETP

-53.6% YoY

What does NOWA do?

NOWA is a Public limited company incorporated in 1990. Its main activity is: Buying and selling of own real estate. Its registered office is in Mechelen. It employs on average 4,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.436.112

Incorporation

11/07/1990

Legal form

Public limited company

Registered office

Boerenkrijgstraat 133
2800 Mechelen · FlandreSee on map

Contributed capital

13 627 529,84 €

Latest accounts

31/12/2025

Average workforce

4,5 ETP

Activities (NACE)

68121Buying and selling of own real estate· main 68310Real estate agencies 68311Real estate agencies 70311Activities of head offices; management consultancy activities 41001Construction of buildings 41201Construction of residential and non-residential buildings+7

Joint committees (3)

Signals

Solid equityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2008
Income statement
Revenue	5,6 M €	+286%	1,5 M €	-94.8%	28,1 M €	+88.2%	14,9 M €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-2,5 M €	+19.2%	-3,1 M €	-186%	-1,1 M €	+73.5%	-4 M €	-2906%	-134,1 k €	+11.2%	-151,1 k €	+85.3%	-1 M €	-125%	4,2 M €	+1155%	331,1 k €	-67.1%	1 M €	-10.0%	1,1 M €	-33.5%	1,7 M €	+44.3%	1,2 M €	-74.4%	4,5 M €	-12.1%	5,2 M €	+1314%	-426,2 k €
Operating result	-2,5 M €	+19.2%	-3,1 M €	-184%	-1,1 M €	+73.5%	-4,1 M €	-2207%	-176 k €	+8.6%	-192,4 k €	+83.7%	-1,2 M €	-129%	4 M €	+1847%	206,4 k €	-76.6%	883,3 k €	-14.9%	1 M €	-35.0%	1,6 M €	+47.1%	1,1 M €	-75.5%	4,4 M €	-13.7%	5,1 M €	+1303%	-427 k €
Net result	-2,6 M €	-85.0%	-1,4 M €	-26.1%	-1,1 M €	+73.5%	-4,2 M €	-499%	1,1 M €	+258%	-673,1 k €	+33.1%	-1 M €	-136%	2,8 M €	+432%	525,3 k €	-58.7%	1,3 M €	+56.9%	811,4 k €	-18.9%	1 M €	+47.7%	677 k €	-82.0%	3,8 M €	-16.9%	4,5 M €	+535%	-1 M €
Balance sheet
Equity	9 M €	-22.4%	11,6 M €	-10.8%	13,1 M €	-7.9%	14,2 M €	-23.0%	18,4 M €	+6.1%	17,4 M €	-3.7%	18 M €	-5.3%	19 M €	+17.2%	16,2 M €	+3.3%	15,7 M €	-9.9%	17,4 M €	+4.9%	16,6 M €	+6.4%	15,6 M €	+4.5%	15 M €	+55.6%	9,6 M €	+107%	4,6 M €
Total assets	24,2 M €	+6.0%	22,8 M €	-20.2%	28,6 M €	-25.7%	38,5 M €	+10.5%	34,8 M €	-20.7%	43,9 M €	+21.6%	36,1 M €	-15.9%	42,9 M €	+64.6%	26,1 M €	-21.6%	33,3 M €	+7.6%	30,9 M €	+1.3%	30,5 M €	+4.8%	29,1 M €	-1.0%	29,4 M €	+4.3%	28,2 M €	+43.2%	19,7 M €
Cash	433,7 k €	-25.6%	582,8 k €	-79.8%	2,9 M €	+27.6%	2,3 M €	+23.0%	1,8 M €	-43.7%	3,3 M €	-11.6%	3,7 M €	+414%	719,6 k €	+68.1%	428,1 k €	+53.4%	279,1 k €	+6.2%	262,9 k €	+557%	40 k €	+28.9%	31,1 k €	-59.0%	75,9 k €	-39.9%	126,3 k €	-31.4%	184,1 k €
Debts	14,8 M €	+36.5%	10,9 M €	-26.8%	14,9 M €	-38.2%	24,1 M €	+48.7%	16,2 M €	-38.5%	26,3 M €	+47.0%	17,9 M €	-24.5%	23,7 M €	+145%	9,7 M €	-44.3%	17,4 M €	+29.8%	13,4 M €	-3.5%	13,9 M €	+3.1%	13,5 M €	-5.8%	14,3 M €	-23.0%	18,6 M €	+23.5%	15,1 M €
Other
Workforce	4,5 ETP	-53.6%	9,7 ETP	-12.6%	11,1 ETP	0.0%	11,1 ETP	0.0%	11,1 ETP	-20.7%	14,0 ETP	-7.3%	15,1 ETP	-9.6%	16,7 ETP	+5.0%	15,9 ETP	+26.2%	12,6 ETP	+10.5%	11,4 ETP	+8.6%	10,5 ETP	+61.5%	6,5 ETP	+25.0%	5,2 ETP	+73.3%	3,0 ETP	+200%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 23 ended

Active mandates

Bram Willemen

Director · since 30 juin 2023 · until 17 mai 2029

Active

Johan Willemen

Managing director · since 30 juin 2023 · until 17 mai 2029

Active

Katleen Willemen

Director · since 30 juin 2023 · until 17 mai 2029

Active

MaNaJo Beheer

Managing director · since 30 juin 2023 · until 17 mai 2029 · 0697.993.984

Represented by Marc Jonckheere

Active

Sidharta Consulting

Director · since 30 juin 2023 · until 17 mai 2029 · 0717.630.150

Represented by Django Liénart

Active

Tom Willemen

Director · since 30 juin 2023 · until 17 mai 2029

Active

Ended mandates

Johan Willemen

Managing director · since 30 avril 2022 · until 15 mai 2025

Ended

Tom Willemen

Managing director · since 30 avril 2022 · until 15 mai 2025

Ended

Bram Willemen

Director · since 16 mai 2019 · until 15 mai 2025

Ended

Bram Willemen

Director · since 16 mai 2019 · until 21 mai 2025

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/07/2026	07/07/2025	09/07/2024	07/07/2023	07/07/2022	07/07/2021
General meeting	26/06/2026	13/06/2025	25/06/2024	30/06/2023	07/07/2022	09/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	13/06/2025	07/07/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	09/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/07/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	09/06/2021	07/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	04/07/2019	10/09/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	18/05/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	06/07/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	16/05/2013	27/06/2013	Dutch	PDF
Abridged model	30/06/2011	18/11/2011	13/12/2011	Dutch	PDF
Abridged model	30/06/2010	09/12/2010	23/12/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	05/06/2008	10/07/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	04/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 23 ended

Active mandates

Bram Willemen

Director · since 30 juin 2023 · until 17 mai 2029

Active

Johan Willemen

Managing director · since 30 juin 2023 · until 17 mai 2029

Active

Katleen Willemen

Director · since 30 juin 2023 · until 17 mai 2029

Active

MaNaJo Beheer

Managing director · since 30 juin 2023 · until 17 mai 2029 · 0697.993.984

Represented by Marc Jonckheere

Active

Sidharta Consulting

Director · since 30 juin 2023 · until 17 mai 2029 · 0717.630.150

Represented by Django Liénart

Active

Tom Willemen

Director · since 30 juin 2023 · until 17 mai 2029

Active

Ended mandates

Johan Willemen

Managing director · since 30 avril 2022 · until 15 mai 2025

Ended

Tom Willemen

Managing director · since 30 avril 2022 · until 15 mai 2025

Ended

Bram Willemen

Director · since 16 mai 2019 · until 15 mai 2025

Ended

Bram Willemen

Director · since 16 mai 2019 · until 21 mai 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/09/2026
HERBENOEMING COMMISSARIS
PDF
Other16/12/2024
BENAMING
PDF
Other13/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other25/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2020
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-2,6 M €↓
2024
Annual accounts 2024-1,4 M €↓
2024
Name changeNowa
2023
Annual accounts 2023-1,1 M €↑
2022
Annual accounts 2022-4,2 M €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020-673,1 k €↑
2019
Annual accounts 2019-1 M €↓
2018
Annual accounts 20182,8 M €↑
2017
Annual accounts 2017525,3 k €↓
2016
Annual accounts 20161,3 M €↑
2015
Annual accounts 2015811,4 k €↓
2014
Annual accounts 20141 M €↑
2013
Annual accounts 2013677 k €↓
2012
Annual accounts 20123,8 M €↓
2010
Annual accounts 20104,5 M €↑
2008
Annual accounts 2008-1 M €
2008
Name changeB.C.S. INVESTISSEMENT
11/07/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

NOWA

Overview

What does NOWA do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline