ACTIVE

Cowatch

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Financial year 2024 · closed on 31/12/2024

Net result

54,2 k €

-11.6% YoY

Gross margin

86,6 k €

-6.2% YoY

Equity

88,6 k €

-6.2% YoY

Workforce

0,0 ETP

What does Cowatch do?

Cowatch is a Public limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Raeren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.839.638

Incorporation

14/12/1998

Legal form

Public limited company

Registered office

Eynattener Strasse 20
4730 Raeren · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	86,6 k €	-6.2%	92,3 k €	+127%	40,6 k €	-51.8%	84,1 k €	-9.8%	93,3 k €	-2.0%	95,2 k €	+16.4%	81,8 k €	+41.6%	57,7 k €	+21.4%	47,5 k €	-10.3%	53 k €	+11.7%	47,4 k €	+29.3%	36,7 k €	+0.8%	36,4 k €	+1.3%	35,9 k €	-7.8%	39 k €	+3100%	-1,3 k €	-101%	186,1 k €	+353%	41,1 k €	+497%	6,9 k €
EBITDA	86,2 k €	-6.0%	91,7 k €	+1879%	-5,2 k €	-112%	42,8 k €	-26.5%	58,1 k €	+84.8%	31,5 k €	-34.0%	47,7 k €	-17.0%	57,4 k €	+21.6%	47,2 k €	-10.4%	52,7 k €	+11.8%	47,1 k €	+29.5%	36,4 k €	+46.1%	24,9 k €	-29.6%	35,4 k €	-1.7%	36 k €	+2047%	-1,8 k €	-101%	185,8 k €	+358%	40,5 k €	+540%	6,3 k €
Operating result	75,1 k €	-7.8%	81,5 k €	+776%	-12 k €	-146%	26,4 k €	-37.8%	42,5 k €	+178%	15,3 k €	-52.6%	32,2 k €	-35.9%	50,3 k €	+6.6%	47,2 k €	-10.4%	52,7 k €	+11.8%	47,1 k €	+29.5%	36,4 k €	+46.1%	24,9 k €	-29.6%	35,4 k €	-1.7%	36 k €	+2047%	-1,8 k €	-101%	185,8 k €	+358%	40,5 k €	+540%	6,3 k €
Net result	54,2 k €	-11.6%	61,2 k €	+579%	-12,8 k €	-167%	19 k €	-39.0%	31,2 k €	+251%	8,9 k €	-66.1%	26,2 k €	-40.1%	43,8 k €	-16.6%	52,5 k €	-10.9%	58,9 k €	+21.9%	48,3 k €	+32.2%	36,5 k €	+44.0%	25,4 k €	-28.0%	35,2 k €	+8.4%	32,5 k €	+608%	-6,4 k €	-104%	181,1 k €	+387%	37,2 k €	+482%	6,4 k €
Balance sheet
Equity	88,6 k €	-6.2%	94,5 k €	+1.3%	93,2 k €	-57.5%	219,5 k €	+9.5%	200,5 k €	+18.4%	169,3 k €	+5.5%	160,4 k €	+19.5%	134,2 k €	-67.7%	415,4 k €	+14.5%	363 k €	+19.4%	304,1 k €	+18.9%	255,8 k €	+16.7%	219,2 k €	+13.1%	193,9 k €	+22.2%	158,6 k €	+25.8%	126,1 k €	-4.8%	132,5 k €	+373%	-48,6 k €	+43.4%	-85,9 k €
Total assets	217,4 k €	-9.7%	240,7 k €	+14.4%	210,5 k €	-40.1%	351,7 k €	-6.9%	377,8 k €	+5.0%	359,7 k €	-13.6%	416,2 k €	-7.9%	451,8 k €	+8.7%	415,8 k €	+14.5%	363 k €	+16.7%	311,1 k €	+20.7%	257,7 k €	+15.6%	223 k €	-23.4%	291,2 k €	-0.5%	292,6 k €	+5.4%	277,7 k €	+1.0%	275,1 k €	+268%	74,8 k €	-10.9%	84 k €
Cash	11,3 k €	-90.0%	113,2 k €		–		40,6 k €	+262%	11,2 k €	-64.1%	31,3 k €	-22.4%	40,4 k €	+69.4%	23,8 k €	+1215%	1,8 k €	-93.4%	27,7 k €	-19.0%	34,1 k €	+584%	5 k €	-88.1%	41,9 k €	-61.3%	108,3 k €	+3051%	3,4 k €	-52.4%	7,2 k €	+2564%	271 €	-91.2%	3,1 k €	-76.4%	13,1 k €
Debts	128,8 k €	-11.4%	145,4 k €	+24.0%	117,3 k €	-11.3%	132,2 k €	-25.4%	177,3 k €	-6.9%	190,4 k €	-25.6%	255,8 k €	-19.5%	317,6 k €	+98072%	323,5 €	+17016%	1,9 €	-100.0%	7 k €	+262%	1,9 k €	-48.9%	3,8 k €	-96.1%	97,3 k €	-27.4%	134 k €	-11.6%	151,6 k €	+7.5%	141 k €	+14.2%	123,5 k €	-27.3%	169,8 k €
Other
Workforce	0,0 ETP		–		0,7 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 31/12/2024 · 3 active · 20 ended

Active mandates

Laurent RENSON

Director · since 22 décembre 2022 · until 09 mai 2028

Active

Rachel RENSON

Director · since 22 décembre 2022 · until 09 mai 2028

Active

Raphael RENSON

Director · since 22 décembre 2022 · until 09 mai 2028

Active

Ended mandates

Laurent RENSON

Director · since 22 décembre 2022

Ended

Rachel RENSON

Director · since 22 décembre 2022

Ended

Raphaël RENSON

Director · since 22 décembre 2022

Ended

Eric BRAUN

Managing director · since 07 mai 2021 · until 07 mai 2027

Ended

At this address

Other companies at this address

Company	CBE no.
BJORN'S● Active	0544.520.287
CONSERVERIE ET MOUTARDERIE BELGE● Active	0433.626.721

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/07/2025	08/07/2024	01/09/2023	31/08/2022	31/08/2021	20/07/2020
General meeting	25/06/2025	20/06/2024	30/06/2023	03/05/2022	04/05/2021	05/05/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	25/06/2025	02/07/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	08/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	01/09/2023	French	PDF
Micro model	31/12/2021	03/05/2022	31/08/2022	French	PDF
Micro model	31/12/2020	04/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	05/05/2020	20/07/2020	French	PDF
Micro model	31/12/2018	07/05/2019	26/08/2019	French	PDF
Micro model	31/12/2017	08/05/2018	31/08/2018	French	PDF
Micro model	31/12/2016	02/05/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	03/05/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	05/05/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	06/05/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	08/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	26/09/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	31/08/2010	French	PDF
Abridged modelCorrection	31/12/2008	12/05/2009	15/09/2009	French	PDF
Abridged model	31/12/2008	12/05/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	24/12/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	29/09/2007	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 31/12/2024 · 3 active · 20 ended

Active mandates

Laurent RENSON

Director · since 22 décembre 2022 · until 09 mai 2028

Active

Rachel RENSON

Director · since 22 décembre 2022 · until 09 mai 2028

Active

Raphael RENSON

Director · since 22 décembre 2022 · until 09 mai 2028

Active

Ended mandates

Laurent RENSON

Director · since 22 décembre 2022

Ended

Rachel RENSON

Director · since 22 décembre 2022

Ended

Raphaël RENSON

Director · since 22 décembre 2022

Ended

Eric BRAUN

Managing director · since 07 mai 2021 · until 07 mai 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/01/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/12/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares24/01/2018
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/06/2009
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office03/04/2003
SIEGE SOCIAL
PDF
Mandates03/04/2003
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 202454,2 k €↓
2023
Annual accounts 202361,2 k €↑
2022
Annual accounts 2022-12,8 k €↓
2021
Annual accounts 202119 k €↓
2020
Annual accounts 202031,2 k €↑
2019
Annual accounts 20198,9 k €↓
2018
Annual accounts 201826,2 k €↓
2017
Annual accounts 201743,8 k €↓
2016
Annual accounts 201652,5 k €↓
2015
Annual accounts 201558,9 k €↑
2014
Annual accounts 201448,3 k €↑
2013
Annual accounts 201336,5 k €↑
2012
Annual accounts 201225,4 k €↓
2011
Annual accounts 201135,2 k €↑
2010
Annual accounts 201032,5 k €↑
2009
Annual accounts 2009-6,4 k €↓
2008
Annual accounts 2008181,1 k €↑
2007
Annual accounts 200737,2 k €↑
2006
Annual accounts 20066,4 k €
14/12/1998
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

Cowatch

Overview

What does Cowatch do?

Trend over 19 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