Cowboy Debouchage
Cowboy Debouchage has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22k and a net result of €-8k. Equity is shrinking by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 36382 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €22k |
| Net result | €-8k |
| Better than sector | 49% |
| Active | 11 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.8% | 46.6% | |
| Net result | €-8k | €9k | |
| Equity | €22k | €58k | |
| Gross operating margin | €-7k | €38k | |
| Total assets | €49k | €140k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | €-3k | €-15k | €6k | €10k |
| Net profit | €-8k | €-4k | €-15k | €2k | €38k |
| Cash flow | - | €-4k | €-15k | €3k | €39k |
| Staff costs | - | - | - | - | - |
| Income taxes | - | - | €111 | €3k | €4k |
| Dividends | - | - | - | - | - |
| Total assets | €49k | €50k | €49k | €121k | €66k |
| Equity | €22k | €30k | €34k | €50k | €47k |
| Debt | €27k | €20k | €14k | €71k | €18k |
| of which ≤ 1y | €27k | €20k | €14k | €71k | €18k |
| of which > 1y | - | - | - | - | - |
| Working capital | €22k | €30k | €34k | €49k | €46k |
| Employees (FTE) | - | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.85 | 2.55 | 3.39 | 1.69 | 3.53 |
| Quick ratio | 1.85 | 2.55 | 3.39 | 1.69 | 3.53 |
| Working capital ratio | 45.8% | 60.8% | 69.9% | 40.6% | 70.1% |
| Solvency | 45.8% | 60.8% | 70.7% | 41.3% | 72.3% |
| Debt / equity | 1.18 | 0.64 | 0.41 | 1.42 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | -9.37 | -67.42 | 28.83 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -16.4% | -8.0% | -31.4% | 1.9% | 57.7% |
| ROE | -35.8% | -13.2% | -44.4% | 4.7% | 79.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (21 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €49k | €50k | €49k | €121k | €66k |
| Fixed assets | 21/28 | - | - | €410 | €844 | €1k |
| Tangible fixed assets | 22/27 | - | - | €410 | €844 | €1k |
| Current assets | 29/58 | €49k | €50k | €48k | €120k | €64k |
| Amounts receivable within one year | 40/41 | €48k | €49k | €48k | €111k | €63k |
| Cash & bank | 54/58 | €1k | €276 | €484 | €7k | €860 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €49k | €50k | €49k | €121k | €66k |
| Equity | 10/15 | €22k | €30k | €34k | €50k | €47k |
| Contributions / capital | 10/11 | €10k | €10k | €10k | €10k | - |
| Accumulated profits (losses) | 14 | €13k | €21k | €25k | €40k | €38k |
| Amounts payable | 17/49 | €27k | €20k | €14k | €71k | €18k |
| Amounts payable within one year | 42/48 | €27k | €20k | €14k | €71k | €18k |
| Trade debts payable within one year | 44 | €2k | €8k | €2k | €56k | €5k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-7k | €-3k | €-14k | €6k | €11k |
| Operating result | 9901 | €-8k | €-4k | €-15k | €5k | €8k |
| Financial income | 75 | - | - | €104 | - | - |
| Financial charges | 65 | €222 | €347 | €217 | €207 | €928 |
| Result before taxes | 9903 | €-8k | €-4k | €-15k | €5k | €7k |
| Income taxes | 67/77 | - | - | €111 | €3k | €4k |
| Net result for the period | 9904 | €-8k | €-4k | €-15k | €2k | €3k |
| Result to be appropriated | 9905 | €-8k | €-4k | €-15k | €2k | €3k |
-
Joao ARMONDES TEODORODirectorState Gazette act 25019928 (07-02-2025)Current07-02-2025 → present
2 events
- 07-02-2025 Appointed· Director
- 07-02-2025 Appointed· Managing director
Former directors (1)
-
Nicolas PIRES DIASDirectorState Gazette act 25019928 (07-02-2025)Former- → 01-03-2024
| NACE primary | Plumbing work(43221) |
| Legal form | Coöperatieve vennootschap met onbeperkte aansprakelijkheid(006) |
| Incorporation | 25-08-2015 |
| Status | Active |
| Postal code | 1050 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0769/00S002 | Brussels | 3,724 m² | 1 · 1,306 m² | 99.0 m · 27 fl. |
| 23037A0291/00F000 | Flanders | 1,854 m² | 1 · 152 m² | 7.6 m · 2 fl. |
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
07-02-2025 Transaction in capital or shares
Technical details
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}| Legal nameNL | Cowboy Debouchage |
| AbbreviationNL | CSE |
| Trade nameNL | C.S.E. |