Kowanco
ActiveSummary
The computed 12-month bankruptcy probability of Kowanco is 4.0% (elevated). The 2024 annual accounts show equity of €15k and a net result of €10k. Its solvency ranks better than 69% of 396 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+10
Solvency90▲+28
Growth78
Track record94
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.14 against 0.77 in 2023; short-term debt: 35.4% and cash: 38.8% of total assets), and 35.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Sector 61
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.6%
Return on assets
40.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€15k▲ 172%
2023 · €6k
2023: €6k
2023 → 2024
Total assets
€24k▲ 54.8%
2023 · €15k
2023: €15k
2023 → 2024
Net result
€10k▲ 269%
2023 · €3k
2023: €3k
2023 → 2024
Working capital
€10k
2023 · €-2k
2023: €-2k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€6k-€15k▲ 172%
Operating result€4k-€14k▲ 250%
Net result€3k-€10k▲ 269%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 250% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24k
Fixed assets
€6k ▼ 27.0%
Current assets
€18k ▲ 141%
Equity and liabilities €24k
Equity
€15k ▲ 172%
Debt
€8k ▼ 13.2%
Debt's share of the balance-sheet total falls from 63.2% to 35.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2023 · €5k
Cash flow
€12k▲
2023 · €4k
Current ratio
2.14▲
2023 · 0.77
Debt to equity
0.55▼
2023 · 1.72
ROE
63.2%▲
2023 · 46.6%
ROA
40.8%▲
2023 · 17.1%
Interest coverage
532.05▲
2023 · 198.52
Debt ≤ 1 year
€8k▼
2023 · €10k
Income taxes
€4k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€15k€24k▲
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€8k€6k▼
Furniture and vehicles24€8k€6k▼
Current assets29/58€7k€18k▲
Amounts receivable within one year40/41€7k€9k▲
Trade receivables40€7k€9k▲
Cash at bank and in hand54/58€492€9k▲
Equity and liabilities
Total equity and liabilities10/49€15k€24k▲
Equity10/15€6k€15k▲
Contributions10/11€3k€3k=
Reserves13€3k€12k▲
Distributable reserves133€3k€12k▲
Amounts payable17/49€10k€8k▼
Amounts payable within one year42/48€10k€8k▼
Trade debts44€348€933▲
Suppliers440/4€348€933▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€7k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€151€118▼
Gross operating margin9900€5k€16k▲
Operating profit (loss)9901€4k€14k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€27€30▲
Recurring financial charges65€27€30▲
Profit (loss) for the period before taxes9903€4k€14k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€3k€10k▲
Profit (loss) for the period to be appropriated9905€3k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€10k▲
Transfer to equity691/2€3k€10k▲
To other reserves6921€3k€10k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 2.14
Current ratio from 0.77 to 2.14; short-term debt falls from €10k to €8k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lange Lobroekstraat 2082060 AntwerpenGround area
169 m²
Building footprint
84 m²
Volume, LiDAR
865 m³
Parcel 11807G0299/00E002, Flanders · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kowanco
since 20232.342.683.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0299/00E002 | Flanders | 169 m² | 1 · 84 m² | 17.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,168 companies in sector 61200 we hold annual accounts for 697. 341 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
61200Telecommunications resale and intermediation services
47120Other non-specialised retail sale
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
82100Office administrative and support services
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.