Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
SWD from Harelbeke, company number BE0405143264, closed financial year 2025 with a result of € -343,834 after tax. For that financial year SWD recorded a gross margin of € 211,279 and equity of € -427,692. Compared with financial year 2024, the result moved from € -507,056 to € -343,834. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ -427,692
▼ € 343,834 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -343,834
▲ 32 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,277
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -992,424.
People and assets in 2025
0.3
Average over the fiscal year, from the social balance sheet.
€ 27,163
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 2.1 million
▲ € 1.9 million vs 2024
€ 112,638 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 410,640
▲ € 383,497 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,946
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 23,120 | € 21,253 | € -454,378 | € 211,279 | ▲ € 665,656 |
| Profit after taxes | € -29,266 | € -16,087 | € -507,056 | € -343,834 | ▲ € 163,222 |
| Equity | € 465,285 | € 423,198 | € -83,858 | € -427,692 | ▼ € 343,834 |
| Total debts | € 1,298,631 | € 1,307,467 | € 1,266,319 | € 2,559,186 | ▲ 102% |
| Cash | € 5,546 | € 3,484 | - | € 3,277 | |
| Land & buildings | € 578,458 | € 552,458 | € 552,458 | € 1,483,550 | ▲ 169% |
| Retained profit | € -151,451 | € -167,538 | € -674,594 | € -992,424 | ▼ € 317,830 |
| Bank debt | € 466,764 | € 488,120 | € 222,680 | € 2,134,035 | ▲ € 1.9 million |
| Balance sheet total | € 1,763,916 | € 1,730,665 | € 1,182,460 | € 2,131,493 | ▲ 80% |
| Employees (FTE) | - | - | - | 0.3 |
Key figures of SWD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SWD?
What happened at SWD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 343,834. Source: NBB ↗
- WARD DEMYTTENAERE became a director. NBB
- ANTHONY JANNES became a director. NBB
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,266 loss in 2022 to € 343,834 loss in 2025.
Paid € 175 in corporate taxes since 2022.
Management
The stake of Construx Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SWDBehind SWD are WARD DEMYTTENAERE and ANTHONY JANNES. The shares are held by Construx Group (100%).
Directors
According to the 2025 annual accounts
since 2025
since 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brugsesteenweg 2A
8531 Harelbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.143.264
- VAT number
- BE 0405.143.264
- Registered office
- Brugsesteenweg 2A, 8531 Harelbeke
- Names & denominations
- SWD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 13 Oct 2025
- Activities · NACE
Groothandel in delen en toebehoren van motorvoertuigen
Vervaardiging van andere delen en toebehoren voor motorvoertuigen
Vervaardiging van onderdelen en accessoires voor motorvoertuigen en motoren daarvan
Detailhandel in motorbrandstoffen
Detailhandel in onderdelen en accessoires van motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Kleinhandel in onderdelen en accessoires van auto's
Onderhoud en reparatie van auto's
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