ACTIVE

SOWA

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Financial year 2025 · closed on 31/12/2025

Net result

36,1 k €

-63.7% YoY

Gross margin

75,8 k €

-53.0% YoY

Equity

671,3 k €

+5.7% YoY

What does SOWA do?

SOWA is a Public limited company incorporated in 1993. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Wavre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.232.041

Incorporation

25/01/1993

Legal form

Public limited company

Registered office

Avenue Newton 7
1300 Wavre · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2008		2007		2006
Income statement
Gross margin	75,8 k €	-53.0%	161,2 k €	+48.2%	108,8 k €	-17.8%	132,4 k €	+412%	25,8 k €	-59.3%	63,6 k €	-44.6%	114,6 k €	-40.9%	194 k €	+227%	59,3 k €	-16.2%	70,8 k €	+38.3%	51,2 k €	-9.3%	56,5 k €	+82.9%	30,9 k €	-59.5%	76,2 k €	+364%	16,4 k €	-60.2%	41,3 k €	+26.1%	32,7 k €	+271%	-19,2 k €
EBITDA	72,5 k €	-54.2%	158,4 k €	+48.8%	106,4 k €	-18.3%	130,4 k €	+441%	24,1 k €	-57.7%	57 k €	-44.4%	102,4 k €	-41.8%	175,9 k €	+295%	44,5 k €	-27.6%	61,4 k €	+35.6%	45,3 k €	+12.2%	40,4 k €	+38.1%	29,2 k €	-60.9%	74,7 k €	+404%	14,8 k €	-61.7%	38,7 k €	+27.5%	30,3 k €	+243%	-21,2 k €
Operating result	47 k €	-65.9%	137,9 k €	+54.2%	89,5 k €	-21.2%	113,6 k €	+1971%	5,5 k €	-83.3%	32,9 k €	-63.7%	90,6 k €	-46.4%	168,9 k €	+289%	43,4 k €	-15.8%	51,5 k €	+41.4%	36,5 k €	+14.3%	31,9 k €	+32.3%	24,1 k €	-66.0%	70,9 k €	+667%	9,2 k €	-74.1%	35,7 k €	+29.4%	27,6 k €	+214%	-24,1 k €
Net result	36,1 k €	-63.7%	99,5 k €	+59.6%	62,3 k €	-22.0%	79,9 k €	+2727%	2,8 k €	-92.2%	36,1 k €	-50.7%	73,3 k €	-39.0%	120,1 k €	+909%	11,9 k €	-65.0%	34 k €	+46.5%	23,2 k €	+431%	-7 k €	-139%	18,1 k €	-65.1%	51,9 k €	+1329%	3,6 k €	-88.4%	31,4 k €	-7.1%	33,8 k €	+206%	-31,8 k €
Balance sheet
Equity	671,3 k €	+5.7%	635,2 k €	+18.6%	535,7 k €	+13.2%	473,3 k €	+20.3%	393,4 k €	+0.7%	390,6 k €	+10.2%	354,5 k €	+26.1%	281,2 k €	+74.6%	161,1 k €	-23.9%	211,7 k €	+19.1%	177,7 k €	+15.0%	154,5 k €	-4.3%	161,5 k €	+50.4%	107,4 k €	+52.4%	70,4 k €	+4.4%	67,5 k €	+87.2%	36 k €	+1535%	2,2 k €
Total assets	909,8 k €	+3.1%	882,2 k €	+30.6%	675,4 k €	+0.4%	672,4 k €	+21.6%	553 k €	+10.9%	498,7 k €	-3.1%	514,5 k €	+19.6%	430,3 k €	+50.3%	286,4 k €	-15.4%	338,6 k €	-34.1%	513,9 k €	+22.4%	420 k €	+67.7%	250,4 k €	+11.2%	225,1 k €	+94.2%	115,9 k €	+32.1%	87,7 k €	-67.3%	268,4 k €	+22.2%	219,6 k €
Cash	48,9 k €	-44.4%	88 k €	+5.6%	83,3 k €	+9956%	828,8 €	+12.9%	734,3 €	+106%	356,4 €	-99.6%	87,2 k €	+18.6%	73,5 k €		–		3,3 k €	-82.3%	18,8 k €	-0.9%	19 k €	-13.3%	21,9 k €	+159%	8,5 k €	+5989%	138,9 €		–		128,5 €	+719%	15,7 €
Debts	236,8 k €	-4.1%	247 k €	+76.8%	139,7 k €	-19.2%	172,9 k €	+8.5%	159,4 k €	+47.7%	107,9 k €	-31.8%	158,4 k €	+7.8%	146,8 k €	+17.2%	125,3 k €	-1.3%	126,9 k €	-62.3%	336,3 k €	+26.6%	265,6 k €	+199%	89 k €	-24.5%	117,8 k €	+159%	45,5 k €	+124%	20,3 k €	-91.3%	232,3 k €	+6.9%	217,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,2 ETP	0.0%	0,2 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 12 ended

Active mandates

Jean-Marc THAUVOYE

Managing director · since 02 octobre 2017

Active

Jonathan LAVIOLETTE

Director · since 02 octobre 2017

Active

Louis SCHONS

Director · since 02 octobre 2017

Active

Pierre THAUVOYE

Managing director · since 02 octobre 2017

Active

Matteo HITA Y APARICIO

Director

Active

Ended mandates

Louis SCHOONS

Director · since 02 octobre 2017

Ended

Pierre THAUVOYE

Mandate · since 02 octobre 2017

Ended

Pierre THAUVOYE

Chairman of the board of directors · since 02 octobre 2017

Ended

Jean-Marc THAUVOYE

Managing director · since 29 mars 2013 · until 29 mars 2019

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro 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	26/08/2026	28/09/2025	31/08/2024	01/09/2023	31/08/2022	30/09/2021
General meeting	30/06/2026	31/08/2025	11/06/2024	18/07/2023	18/07/2022	01/09/2021
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
Abridged model	31/12/2025	30/06/2026	26/08/2026	French	PDF
Abridged model	31/12/2024	31/08/2025	28/09/2025	French	PDF
Micro model	31/12/2023	11/06/2024	31/08/2024	French	PDF
Micro model	31/12/2022	18/07/2023	01/09/2023	French	PDF
Micro model	31/12/2021	18/07/2022	31/08/2022	French	PDF
Micro model	31/12/2020	01/09/2021	30/09/2021	French	PDF
Micro model	31/12/2019	01/09/2020	14/10/2020	French	PDF
Micro model	31/12/2018	30/06/2019	27/09/2019	French	PDF
Micro model	31/12/2017	31/07/2018	26/09/2018	French	PDF
Micro model	31/12/2016	31/07/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	31/10/2016	08/11/2016	French	PDF
Abridged model	31/12/2014	15/09/2015	31/10/2015	French	PDF
Abridged model	31/12/2013	31/07/2014	17/10/2014	French	PDF
Abridged model	31/12/2012	31/08/2013	10/12/2013	French	PDF
Abridged model	31/12/2011	31/07/2012	14/12/2012	French	PDF
Abridged model	31/12/2010	31/10/2011	14/11/2011	French	PDF
Abridged model	31/12/2008	31/07/2009	15/11/2010	French	PDF
Abridged model	31/12/2007	30/09/2008	30/04/2009	French	PDF
Abridged model	31/12/2006	31/08/2007	22/01/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 12 ended

Active mandates

Jean-Marc THAUVOYE

Managing director · since 02 octobre 2017

Active

Jonathan LAVIOLETTE

Director · since 02 octobre 2017

Active

Louis SCHONS

Director · since 02 octobre 2017

Active

Pierre THAUVOYE

Managing director · since 02 octobre 2017

Active

Matteo HITA Y APARICIO

Director

Active

Ended mandates

Louis SCHOONS

Director · since 02 octobre 2017

Ended

Pierre THAUVOYE

Mandate · since 02 octobre 2017

Ended

Pierre THAUVOYE

Chairman of the board of directors · since 02 octobre 2017

Ended

Jean-Marc THAUVOYE

Managing director · since 29 mars 2013 · until 29 mars 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates26/10/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates08/10/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates13/04/2007
DEMISSIONS, NOMINATIONS
PDF
Registered office17/09/2004
SIEGE SOCIAL
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 202536,1 k €↓
2024
Annual accounts 202499,5 k €↑
2023
Annual accounts 202362,3 k €↓
2022
Annual accounts 202279,9 k €↑
2021
Annual accounts 20212,8 k €↓
2020
Annual accounts 202036,1 k €↓
2019
Annual accounts 201973,3 k €↓
2018
Annual accounts 2018120,1 k €↑
2017
Annual accounts 201711,9 k €↓
2016
Annual accounts 201634 k €↑
2015
Annual accounts 201523,2 k €↑
2014
Annual accounts 2014-7 k €↓
2013
Annual accounts 201318,1 k €↓
2011
Annual accounts 201151,9 k €↑
2010
Annual accounts 20103,6 k €↓
2008
Annual accounts 200831,4 k €↓
2007
Annual accounts 200733,8 k €↑
2006
Annual accounts 2006-31,8 k €
25/01/1993
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

SOWA

Overview

What does SOWA do?

Trend over 18 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