ACTIVE

BOWAR

Financial year 2025 · closed on 31/12/2025
Net result
75,7 k €
+53.5% YoY
Revenue
205 k €
+3.2% YoY
Equity
2,6 M €
+262.8% YoY

What does BOWAR do?

BOWAR is a Private limited company incorporated in 2001. Its main activity is: Activities of holding companies. Its registered office is in Heusden-Zolder.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0476.338.492
Incorporation
18/12/2001
Legal form
Private limited company
Registered office
Pastoor Paquaylaan 186
3550 Heusden-Zolder · FlandreSee on map
Contributed capital
42 862,41 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120162015201420132012201120102009200820072006
Income statement
Revenue205 k €198,6 k €198 k €176,3 k €157,8 k €151,1 k €141,2 k €137,2 k €136,4 k €132,7 k €128,1 k €124,4 k €119,6 k €117 k €114,8 k €
EBITDA63 k €54,2 k €54,8 k €8,2 k €-26,4 k €106,9 k €117,3 k €125,2 k €122,3 k €123,1 k €121,8 k €120,6 k €120,6 k €116,3 k €115,1 k €114,3 k €
Operating result63 k €54,2 k €54,8 k €8,2 k €-26,4 k €106,9 k €117,3 k €125,2 k €122,3 k €123,1 k €121,8 k €120,6 k €120,6 k €116,3 k €115,1 k €114,3 k €
Net result75,7 k €49,3 k €70,5 k €9,5 k €-22,3 k €70,9 k €78,8 k €105,6 k €194,7 k €86,6 k €98,2 k €69,2 k €69 k €50,4 k €46,6 k €66,8 k €
Balance sheet
Equity2,6 M €726 k €676,7 k €663,1 k €1,2 M €1,1 M €1,1 M €982,8 k €877,1 k €746,3 k €659,7 k €561,5 k €492,3 k €423,3 k €372,9 k €326,3 k €
Total assets2,6 M €786,4 k €791,1 k €766,3 k €1,2 M €1,2 M €1,2 M €1,2 M €1,3 M €1,2 M €1,2 M €1,2 M €1,2 M €1,2 M €1,2 M €1,2 M €
Cash65,8 k €19,8 k €28,3 k €6,5 k €201,9 k €63,3 k €26,9 k €13,7 k €26,4 k €44 k €10,6 k €9,2 k €40,7 k €20,5 k €8,2 k €9,1 k €
Debts4 k €60 k €108 k €101,1 k €21,1 €100 k €152,4 k €249,1 k €407,4 k €475 k €508 k €603,3 k €705,3 k €775,4 k €812 k €849,7 k €
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 · 4 active · 15 ended

Active mandates

BRECHT GEERTS

Director · 0687.491.161

Represented by Brecht Geerts

Active
Koen Vandevenne

Director

Active
MATHIAS VLASSELAER

Director · 0740.969.043

Represented by Mathias Vlasselaer

Active
RBNS

Director · 0687.503.732

Represented by Robeyns Kristof

Active

Ended mandates

BRECHT GEERTS

Director · since 22 janvier 2020 · 0687.491.161

Represented by Geerts BRECHT

Ended
BRECHT GEERTS

Director · since 22 janvier 2020 · 0687.491.161

Represented by Geerts Brecht

Ended
MATHIAS VLASSELAER

Director · since 22 janvier 2020 · 0740.969.043

Represented by Vlasselaer Mathias

Ended
RBNS

Director · since 22 janvier 2020 · 0687.503.732

Represented by Kristof ROBEYNS

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date23/07/202603/07/202527/08/202425/07/202328/07/202228/07/2021
General meeting27/05/202613/05/202515/05/202410/05/202311/05/202212/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/05/202623/07/2026DutchPDF
Full model31/12/202413/05/202503/07/2025DutchPDF
Full model31/12/202315/05/202427/08/2024DutchPDF
Full model31/12/202210/05/202325/07/2023DutchPDF
Full model31/12/202111/05/202228/07/2022DutchPDF
Full model31/12/202012/05/202128/07/2021DutchPDF
Full model31/12/201913/05/202012/06/2020DutchPDF
Full model31/12/201815/05/201913/06/2019DutchPDF
Full model31/12/201716/05/201815/06/2018DutchPDF
Full model31/12/201626/04/201723/05/2017DutchPDF
Full model31/12/201527/04/201626/05/2016DutchPDF
Full model31/12/201413/05/201512/06/2015DutchPDF
Full model31/12/201315/05/201403/06/2014DutchPDF
Full model31/12/201208/05/201323/05/2013DutchPDF
Full model31/12/201108/05/201225/07/2012DutchPDF
Full model31/12/201010/05/201108/06/2011DutchPDF
Abridged model31/12/200905/05/201003/06/2010DutchPDF
Abridged model31/12/200812/05/200908/06/2009DutchPDF
Abridged model31/12/200713/05/200809/06/2008DutchPDF
Abridged model31/12/200621/05/200708/06/2007DutchPDF
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 · 4 active · 15 ended

Active mandates

BRECHT GEERTS

Director · 0687.491.161

Represented by Brecht Geerts

Active
Koen Vandevenne

Director

Active
MATHIAS VLASSELAER

Director · 0740.969.043

Represented by Mathias Vlasselaer

Active
RBNS

Director · 0687.503.732

Represented by Robeyns Kristof

Active

Ended mandates

BRECHT GEERTS

Director · since 22 janvier 2020 · 0687.491.161

Represented by Geerts BRECHT

Ended
BRECHT GEERTS

Director · since 22 janvier 2020 · 0687.491.161

Represented by Geerts Brecht

Ended
MATHIAS VLASSELAER

Director · since 22 janvier 2020 · 0740.969.043

Represented by Vlasselaer Mathias

Ended
RBNS

Director · since 22 janvier 2020 · 0687.503.732

Represented by Kristof ROBEYNS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other20/05/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring21/08/2020
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring16/06/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates16/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/01/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares11/01/2008
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 202575,7 k €
  2. 2024
    Annual accounts 202449,3 k €
  3. 2023
    Annual accounts 202370,5 k €
  4. 2022
    Annual accounts 20229,5 k €
  5. 2021
    Annual accounts 2021-22,3 k €
  6. 2016
    Annual accounts 201670,9 k €
  7. 2015
    Annual accounts 201578,8 k €
  8. 2014
    Annual accounts 2014105,6 k €
  9. 2013
    Annual accounts 2013194,7 k €
  10. 2012
    Annual accounts 201286,6 k €
  11. 2011
    Annual accounts 201198,2 k €
  12. 2010
    Annual accounts 201069,2 k €
  13. 2009
    Annual accounts 200969 k €
  14. 2008
    Annual accounts 200850,4 k €
  15. 2007
    Annual accounts 200746,6 k €
  16. 2006
    Annual accounts 200666,8 k €
  17. 18/12/2001
    IncorporationPrivate limited company