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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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SWECO from Brussel, company number BE0405647664, closed financial year 2025 with a result of € 32.8 million after tax. For that financial year SWECO recorded revenue of € 315.2 million and equity of € 73.8 million. Compared with financial year 2024, the result moved from € 20.9 million to € 32.8 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 April 27, 2026.
€ 73.8 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32.8 million
▲ 57% vs 2024
Profit after tax over the fiscal year.
€ 54.6 million
▲ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 30 million paid out
91 % of the profit went to the shareholders, mostly to Sweco Holdco BV (100 % of the shares). That is where the money ends up.
People and assets in 2025
1,951.9
▲ 287.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 185.6 million
▲ 18% vs 2024
€ 95,100 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.
€ 1 million
▼ 17% vs 2024
Of which on lease € 110,056.
Debts at end 2025
€ 125.8 million
▼ 32% vs 2024
€ 7.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 17 million
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 34.2 million
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 192,538,977 | € 262,057,796 | € 292,932,710 | € 315,159,277 | ▲ 8% |
| Profit after taxes | € 9,673,496 | € 1,592,030 | € 20,877,336 | € 32,839,322 | ▲ 57% |
| Equity | € 49,856,529 | € 51,024,058 | € 71,423,644 | € 73,767,341 | ▲ 3% |
| Total debts | € 71,242,103 | € 233,710,273 | € 237,726,201 | € 208,838,774 | ▼ 12% |
| Cash | € 12,389,665 | € 25,170,419 | € 51,786,478 | € 54,620,621 | ▲ 5% |
| Land & buildings | € 5,125,709 | € 5,138,705 | € 4,937,385 | € 4,632,402 | ▼ 6% |
| Retained profit | € 9,732,987 | € 10,900,517 | € 31,300,102 | € 33,643,799 | ▲ 7% |
| Dividend | € 0 | € 0 | € 0 | € 30,000,000 | |
| Bank debt | € 34,391,084 | € 185,602,748 | € 185,509,458 | € 125,827,705 | ▼ 32% |
| Balance sheet total | € 124,834,909 | € 286,981,966 | € 311,472,914 | € 286,698,933 | ▼ 8% |
| Employees (FTE) | 1,340.8 | 1,493.4 | 1,664.1 | 1,951.9 | ▲ 287.8 |
Key figures of SWECO, 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 SWECO?
What happened at SWECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Watermaal-Bosvoorde. KBO
- New annual accounts for financial year 2025: profit of € 32.8 million (▲ 57% vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- New establishment in Dilbeek. KBO
- New establishment in Zedelgem. KBO
- New establishment in Roeselare. KBO
- New establishment in Sint-Gillis (bij-Brussel). KBO
- New establishment in Charleroi. KBO
In short
From € 9.7 million profit in 2022 to € 32.8 million profit in 2025.
Paid € 36 million in corporate taxes since 2022.
Best year ever: 2025, with € 32.8 million profit.
Paid out € 30 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SWECO are Sweco Holdco BV and Erwin Malcorps. The shares are held by Sweco Holdco BV (100%). It owns 100% of GM Contracting, 100% of Sustainable Engineering Vietnam LLC, 100% of Fire Protection Consultants International, 100% of VK Global, 100% of Van Looy Group and 51% of VK Asia itself.
Directors
According to the 2025 annual accounts
Sweco Holdco BV
Director · represented by Åsa Bergman
since 2020
since 2020
Shareholders
Sweco Holdco BV
100%
Participations
100%
Sustainable Engineering Vietnam LLC
100%
100%
100%
VK Asia
51%
Establishments
Establishment units
Physical locations of this company
Arenbergstraat 11
1000 Brussel
Posthofbrug 2-4 box 1
2600 Antwerpen
Active since 1 January 1966
Engelse Wandeling(Mar) 70
8510 Kortrijk
Active since 20 January 2005
Elfjulistraat 43
9000 Gent
Active since 18 December 2004
Herkenrodesingel 8B box 3.01
3500 Hasselt
Active since 15 May 2006
Nieuwe Weg 1
2070 Beveren-Kruibeke-Zwijndrecht
Active since 17 February 2012
Michel Gillemanstraat 5
9060 Zelzate
Active since 17 February 2012
Havenkant 8 box 2
3000 Leuven
Active since 1 December 2020
Nijverheidsstraat 13
2260 Westerlo
Active since 1 February 2023
Noordkustlaan 10
1702 Dilbeek
Active since 1 January 2024
Torhoutsesteenweg 109
8210 Zedelgem
Active since 1 January 2024
Brugsesteenweg 210
8800 Roeselare
Active since 1 January 2024
Poincarélaan 78
1060 Sint-Gillis (bij-Brussel)
Active since 1 January 2024
Boulevard Baudouin 1er 19
1348 Ottignies-Louvain-la-Neuve
Active since 18 December 2023
Avenue Georges Lemaitre 54
6041 Charleroi
Active since 1 January 2024
Lange Leemstraat 374 box a
2018 Antwerpen
Active since 1 January 2026
Terhulpsesteenweg 181 box 2
1170 Watermaal-Bosvoorde
Active since 1 June 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →VAN LOOY GROUP same network
€ 2.8 million revenue · 2025
FIRE PROTECTION CONSULTANTS INTERNATIONAL same network
€ -8,803 gross margin · 2025
Sweco Architects
€ 20.7 million revenue · 2025
Société Momentanée VK Engineering - Establis
SWECO BTW-eenheid
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.647.664
- VAT number
- BE 0405.647.664
- Registered office
- Arenbergstraat 11, 1000 Brussel
- Names & denominations
- SWECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 1965
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- [email protected] 02/3830640
- Activities · NACE
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