ACTIVE

Cowatch

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Financial year 2025 · Closed on 31/12/2025

Net result54,5 k €+0,7 %over 1 year

Gross margin86,7 k €+0,2 %over 1 year

Equity83,2 k €-6,2 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

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: 31/12/2025
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

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	86,7 k €	+0.2%	86,6 k €	-6.2%	92,3 k €	+127%	40,6 k €	-51.8%	84,1 k €
EBITDA	86,3 k €	+0.2%	86,2 k €	-6.0%	91,7 k €	+1879%	-5,2 k €	-112%	42,8 k €
Operating result	75,4 k €	+0.4%	75,1 k €	-7.8%	81,5 k €	+776%	-12 k €	-146%	26,4 k €
Net result	54,5 k €	+0.7%	54,2 k €	-11.6%	61,2 k €	+579%	-12,8 k €	-167%	19 k €
Balance sheet
Equity	83,2 k €	-6.2%	88,6 k €	-6.2%	94,5 k €	+1.3%	93,2 k €	-57.5%	219,5 k €
Total assets	178 k €	-18.1%	217,4 k €	-9.7%	240,7 k €	+14.4%	210,5 k €	-40.1%	351,7 k €
Cash	77 k €	+583%	11,3 k €	-90.0%	113,2 k €		–		40,6 k €
Debts	93,6 k €	-27.3%	128,8 k €	-11.4%	145,4 k €	+24.0%	117,3 k €	-11.3%	132,2 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		0,7 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Laurent RENSON	Director22/12/2022 → 09/05/2028
Rachel RENSON	Director22/12/2022 → 09/05/2028
Raphael RENSON	Director22/12/2022 → 09/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eric BRAUN	Managing directorlisted until the 2020 accountsDirector07/04/2021 → 2022 accounts
FOODMAX0462.442.550	Director07/04/2021 → 2021 accounts

Other companies at this address

Eynattener Strasse 20 4730 Raeren

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

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	06/07/2026	02/07/2025	08/07/2024	01/09/2023	31/08/2022	31/08/2021
General meeting	25/06/2026	25/06/2025	20/06/2024	30/06/2023	03/05/2022	04/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	06/07/2026	French	PDF
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Laurent RENSON	Director22/12/2022 → 09/05/2028
Rachel RENSON	Director22/12/2022 → 09/05/2028
Raphael RENSON	Director22/12/2022 → 09/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eric BRAUN	Managing directorlisted until the 2020 accountsDirector07/04/2021 → 2022 accounts
FOODMAX0462.442.550	Director07/04/2021 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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
Other02/06/2009
Extrait du l'assemblée générale extraordinaire du 7 avril 2009
PDF
Registered office03/04/2003
SIEGE SOCIAL
PDF
Mandates03/04/2003
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Laurent RENSON

Rachel RENSON

Raphael RENSON

Eric BRAUN

FOODMAX

DENIS PIRARD

DYEM

1998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

Cowatch

Eynattener Strasse 20, 4730 Raeren

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Eynattener Strasse 20, 4730 RaerenCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00256749
Avenue Bois-le-Comte 2C, 4140 Sprimont	accounts 2021	Accounts 2021 · 2022-20397686

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CowatchCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00256749

Events

2025
Annual accounts 202554,5 k €↑
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

Cowatch

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events