SW+ is a property company in Kortrijk. Private Limited, started on 17 May 1923, 3 establishments.

What is the address of SW+?

The registered office of SW+ is located at Damastweversstraat(Kor) 3, 8500 Kortrijk.

Yes. According to the CBE (29 October 2026) SW+ is active, legal situation “Normale toestand”, started on 17 May 1923.

Is SW+ registered on Peppol?

Yes, SW+ is registered on the Peppol network with ID 0208:0405342610.

What is the enterprise number of SW+?

The enterprise number of SW+ is BE0405342610.

When was SW+ founded?

SW+ was founded on 17 May 1923.

Who are the directors of SW+?

According to the 2025 annual accounts, the directors of SW+ are: Mathieu Desmet, Nawal Maghroud, Trui Steenhoudt, Koen Byttebier, Tiene Castelein, Philippe De Coene, Maxim Veys, Vicky Claeys.

Is SW+ a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 May 1923; 5 annual accounts filed, latest fiscal year 2025; 24 directors known from the annual account; 3 establishments in the CBE.

How much profit did SW+ make in 2025?

SW+ posted a profit after taxes of € 3,617,392 in financial year 2025.

What is the revenue of SW+?

In its most recent annual accounts (2025), SW+ reported revenue of € 24,188,277.

How much does an employee at SW+ earn?

The average wage cost per full-time employee at SW+ was € 79,400 in 2025: staff costs of € 4.5 million for 56.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SW+ have?

According to the 2025 annual accounts, SW+ has 56.5 full-time equivalents (FTE).

SW+ (Private Limited) - Kortrijk - BE0405342610

Dossier SW+, printed on 29 October 2026 from databakkes.be/en/0405342610/sw. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

SW+ from Kortrijk, company number BE0405342610, closed financial year 2025 with a result of € 3.6 million after tax. For that financial year SW+ recorded revenue of € 24.2 million and equity of € 67 million. Compared with financial year 2024, the result moved from € 380,047 to € 3.6 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.

What it is worth Growing

€ 67 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 3.6 million

▲ € 3.2 million vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6.6 million

▼ 2% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 36.3 million.

People and assets in 2025

Full-time equivalents

56.5

▼ 0.7 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 9.8 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4.5 million

▼ 11% vs 2024

€ 79,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 225,970

▼ 42% vs 2024

Of which on lease € 778.

Debts at end 2025

Bank debt ≈ 27 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 320 million

▲ 3% vs 2024

€ 12 million is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.

Owed to suppliers

€ 3.8 million

▼ 40% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 131 days on average.

Taxes and wages

€ 2.3 million

▲ 26% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 15,753,432 Revenue 2022: € 15,753,432 First fiscal year in the series	€ 22,868,537 Revenue 2023: € 22,868,537 ▲ 45% vs 2022 (€ 15,753,432) Favourable step	€ 22,903,074 Revenue 2024: € 22,903,074 Unchanged (€ 22,868,537) Favourable step	€ 24,188,277 Revenue 2025: € 24,188,277 ▲ 6% vs 2024 (€ 22,903,074) Favourable step	▲ 6%
Profit after taxes	€ -815,846 Profit after taxes 2022: € -815,846 First fiscal year in the series	€ 717,967 Profit after taxes 2023: € 717,967 ▲ € 1.5 million vs 2022 (€ -815,846) Favourable step	€ 380,047 Profit after taxes 2024: € 380,047 ▼ 47% vs 2023 (€ 717,967) Unfavourable step	€ 3,617,392 Profit after taxes 2025: € 3,617,392 ▲ € 3.2 million vs 2024 (€ 380,047) Favourable step	▲ € 3.2 million
Equity	€ 44,509,578 Equity 2022: € 44,509,578 First fiscal year in the series	€ 60,870,602 Equity 2023: € 60,870,602 ▲ 37% vs 2022 (€ 44,509,578) Favourable step	€ 64,117,353 Equity 2024: € 64,117,353 ▲ 5% vs 2023 (€ 60,870,602) Favourable step	€ 66,956,394 Equity 2025: € 66,956,394 ▲ 4% vs 2024 (€ 64,117,353) Favourable step	▲ 4%
Total debts	€ 207,905,956 Total debts 2022: € 207,905,956 First fiscal year in the series	€ 297,051,224 Total debts 2023: € 297,051,224 ▲ 43% vs 2022 (€ 207,905,956) Unfavourable step	€ 324,943,877 Total debts 2024: € 324,943,877 ▲ 9% vs 2023 (€ 297,051,224) Unfavourable step	€ 331,973,788 Total debts 2025: € 331,973,788 ▲ 2% vs 2024 (€ 324,943,877) Unfavourable step	▲ 2%
Cash	€ 5,943,254 Cash 2022: € 5,943,254 First fiscal year in the series	€ 5,100,116 Cash 2023: € 5,100,116 ▼ 14% vs 2022 (€ 5,943,254) Unfavourable step	€ 6,763,793 Cash 2024: € 6,763,793 ▲ 33% vs 2023 (€ 5,100,116) Favourable step	€ 6,631,278 Cash 2025: € 6,631,278 ▼ 2% vs 2024 (€ 6,763,793) Unfavourable step	▼ 2%
Land & buildings	€ 223,925,999 Land & buildings 2022: € 223,925,999 First fiscal year in the series	€ 307,565,222 Land & buildings 2023: € 307,565,222 ▲ 37% vs 2022 (€ 223,925,999) Unchanged	€ 332,581,484 Land & buildings 2024: € 332,581,484 ▲ 8% vs 2023 (€ 307,565,222) Unchanged	€ 353,650,824 Land & buildings 2025: € 353,650,824 ▲ 6% vs 2024 (€ 332,581,484) Unchanged	▲ 6%
Retained profit	€ 24,995,969 Retained profit 2022: € 24,995,969 First fiscal year in the series	€ 32,441,716 Retained profit 2023: € 32,441,716 ▲ 30% vs 2022 (€ 24,995,969) Favourable step	€ 32,709,299 Retained profit 2024: € 32,709,299 ▲ 1% vs 2023 (€ 32,441,716) Favourable step	€ 36,304,489 Retained profit 2025: € 36,304,489 ▲ 11% vs 2024 (€ 32,709,299) Favourable step	▲ 11%
Bank debt	€ 200,240,130 Bank debt 2022: € 200,240,130 First fiscal year in the series	€ 284,010,098 Bank debt 2023: € 284,010,098 ▲ 42% vs 2022 (€ 200,240,130) Unfavourable step	€ 311,063,503 Bank debt 2024: € 311,063,503 ▲ 10% vs 2023 (€ 284,010,098) Unfavourable step	€ 319,973,769 Bank debt 2025: € 319,973,769 ▲ 3% vs 2024 (€ 311,063,503) Unfavourable step	▲ 3%
Balance sheet total	€ 256,040,496 Balance sheet total 2022: € 256,040,496 First fiscal year in the series	€ 361,556,885 Balance sheet total 2023: € 361,556,885 ▲ 41% vs 2022 (€ 256,040,496) Unchanged	€ 392,252,146 Balance sheet total 2024: € 392,252,146 ▲ 8% vs 2023 (€ 361,556,885) Unchanged	€ 401,693,637 Balance sheet total 2025: € 401,693,637 ▲ 2% vs 2024 (€ 392,252,146) Unchanged	▲ 2%
Employees (FTE)	13 Employees (FTE) 2022: 13 First fiscal year in the series	56.6 Employees (FTE) 2023: 56.6 ▲ 43.6 vs 2022 (13) Unchanged	57.2 Employees (FTE) 2024: 57.2 ▲ 0.6 vs 2023 (56.6) Unchanged	56.5 Employees (FTE) 2025: 56.5 ▼ 0.7 vs 2024 (57.2) Unchanged	▼ 0.7

Key figures of SW+, 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 SW+?

What happened at SW+ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Mathieu Desmet stepped down as director. NBB
2030 Tiene Castelein stepped down as director. NBB
2030 Anaïs de Bethune stepped down as director. NBB
2030 Marie De Clerck stepped down as director. NBB
2030 Jeppe Remy stepped down as director. NBB
2030 Liesbeth D'hondt stepped down as director. NBB
2030 Pieter Soens stepped down as director. NBB
2030 Alain Cnudde stepped down as director. NBB

In short

From € 815,846 loss in 2022 to € 3.6 million profit in 2025.

Paid € 65,032 in corporate taxes since 2022.

Best year ever: 2025, with € 3.6 million profit.

Pays suppliers within 131 days on average.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Mathieu Desmet

Director

since 2023 · until 2030

Nawal Maghroud

Director

Also active at: MENTOR

since 2023 · until 2025

Trui Steenhoudt

Director

since 2023 · until 2025

Koen Byttebier

Director

since 2022 · until 2025

Tiene Castelein

Director

Also active at: BONUS ADVOCATEN, Intergemeentelijke Vereniging voor Crematoriumbeheer in Zuid-West-Vlaanderen

since 2024 · until 2030

Philippe De Coene

Director

Also active at: INTERCOMMUNALE LEIEDAL, Intergemeentelijke Maatschappij voor Openbare Gezondheid in Zuid-West-Vlaanderen, De Vlaamse Radio- en Televisieomroeporganisatie

since 2023 · until 2025

Maxim Veys

Director

Also active at: DE VLAAMSE WATERWEG, Het Socialistisch Volkshuis, Socialistisch Gezondheidsfonds, Creat

since 2022 · until 2025

Vicky Claeys

Director

Also active at: Milieuzorg Roeselaere en Menen, Menen

since 2023 · until 2025

Anaïs de Bethune

Director

since 2025 · until 2030

Marie De Clerck

Director

Also active at: Milieuzorg Roeselaere en Menen, Menen, COMFORTE, Sociale Economie Wevelgem

since 2025 · until 2030

Jeppe Remy

Director

since 2025 · until 2030

Liesbeth D'hondt

Director

since 2025 · until 2030

Pieter Soens

Director

since 2025 · until 2030

Mohamed Ahouna

Director

since 2022 · until 2025

Luc Lannoy

Director

since 2023 · until 2025

Alain Cnudde

Director

Also active at: Takeoff Business Hub, BEDRIJVENCENTRUM REGIO BRUGGE, BEDRIJVENCENTRUM REGIO OOSTENDE, BEDRIJVENCENTRUM REGIO WAREGEM, Auricula

since 2025 · until 2030

Jeroen David

Director

since 2023 · until 2030

Veronique Decaluwe

Chairman of the board

since 2022 · until 2030

Bram Deltour

Director

since 2025 · until 2030

Christiane Loosvelt

Vice-chairman of the board

since 2023 · until 2030

Emile Declercq

Director

since 2025 · until 2030

Eef Vandenbogaerde

Director

Also active at: PANDENFONDS

since 2023 · until 2025

Wilfried Vanneste

Director

Also active at: LIGO, CENTRUM VOOR BASISEDUCATIE MIDDEN-EN ZUID-WEST-VLAANDEREN

since 2023 · until 2030

Mike Verslijpe

Director

since 2025 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Damastweversstraat(Kor) 3

8500 Kortrijk

2.230.315.456

Spinnerijkaai(Kor) 57 box 2

8500 Kortrijk

Active since 17 May 1923

2.349.015.247

Marktstraat 9 box 1

8560 Wevelgem

Active since 9 June 2023

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

De Poort vzw, voor wonen en werk

€ 3.6 million revenue · 2022

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0405.342.610

VAT number

BE 0405.342.610

Registered office

Damastweversstraat(Kor) 3, 8500 Kortrijk

Names & denominations

SW+

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

17 May 1923

Peppol

Active · Active since 17 Jun 2025

Activities · NACE

Verhuur en exploitatie van sociale woningen

Verhuur van sociale woningen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Handel in eigen onroerend goed

View on CBE Public ↗ Annual accounts (NBB) ↗

SW+

Warning lights

Financials

What happened to SW+?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions