ACTIVE

COWA

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Financial year 2025 · closed on 31/12/2025
Net result
42,1 k €
+7.8% YoY
Gross margin
89,7 k €
+3.2% YoY
Equity
20,5 k €
-90.7% YoY

What does COWA do?

COWA is a Private company with limited liability incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Tielt.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0600.939.744
Incorporation
12/03/2015
Legal form
Private company with limited liability
Registered office
Sint-Martenstraat 6
8700 Tielt · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin89,7 k €86,9 k €92,4 k €83,3 k €70,2 k €73,7 k €59,2 k €48 k €51,3 k €117,6 k €
EBITDA89,1 k €86,2 k €90,6 k €82,6 k €69,7 k €64,5 k €58 k €47,5 k €50,3 k €116 k €
Operating result54 k €50,7 k €58,4 k €66,5 k €54,1 k €63,6 k €54,8 k €44,3 k €47,1 k €107,9 k €
Net result42,1 k €39 k €49,5 k €52,8 k €42,9 k €53,9 k €42,1 k €33,4 k €32 k €72,8 k €
Balance sheet
Equity20,5 k €219,3 k €240,3 k €190,8 k €138 k €106,9 k €180,4 k €148,3 k €114,9 k €82,8 k €
Total assets279,3 k €248,8 k €261,4 k €247,6 k €201,3 k €174,5 k €223,4 k €201,9 k €217 k €149,1 k €
Cash177,3 k €129,7 k €112,4 k €118,2 k €67,2 k €32,9 k €186,6 k €152,5 k €155,2 k €74,5 k €
Debts258,8 k €29,5 k €21,2 k €56,8 k €63,3 k €67,6 k €43 k €53,6 k €102,2 k €66,3 k €
Other
Workforce––0,0 ETP–––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Francis Colpaert

Director · since 11 mars 2015

Active

Ended mandates

Francis Colpaert

Director · since 12 mars 2015

Ended
Francis Colpaert

Manager · since 12 mars 2015

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged 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 date09/06/202631/08/202530/08/202431/07/202330/08/202205/08/2021
General meeting27/05/202621/06/202515/06/202417/06/202318/06/202219/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202527/05/202609/06/2026DutchPDF
Micro model31/12/202421/06/202531/08/2025DutchPDF
Abridged model31/12/202315/06/202430/08/2024DutchPDF
Abridged model31/12/202217/06/202331/07/2023DutchPDF
Abridged model31/12/202118/06/202230/08/2022DutchPDF
Abridged model31/12/202019/06/202105/08/2021DutchPDF
Abridged model31/12/201920/06/202009/07/2020DutchPDF
Abridged model31/12/201815/06/201930/08/2019DutchPDF
Abridged model31/12/201716/06/201805/07/2018DutchPDF
Abridged model31/12/201617/06/201728/06/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 2 ended

Active mandates

Francis Colpaert

Director · since 11 mars 2015

Active

Ended mandates

Francis Colpaert

Director · since 12 mars 2015

Ended
Francis Colpaert

Manager · since 12 mars 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office28/07/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other16/03/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202542,1 k €↑
  2. 2024
    Annual accounts 202439 k €↓
  3. 2023
    Annual accounts 202349,5 k €↓
  4. 2022
    Annual accounts 202252,8 k €↑
  5. 2021
    Annual accounts 202142,9 k €↓
  6. 2020
    Annual accounts 202053,9 k €↑
  7. 2019
    Annual accounts 201942,1 k €↑
  8. 2018
    Annual accounts 201833,4 k €↑
  9. 2017
    Annual accounts 201732 k €↓
  10. 2016
    Annual accounts 201672,8 k €
  11. 12/03/2015
    IncorporationPrivate company with limited liability