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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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Swegon Operations Belgium from Gembloux, company number BE0429188970, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year Swegon Operations Belgium recorded revenue of € 22.8 million and equity of € 7.6 million. Compared with financial year 2024, the result moved from € -576,365 to € 1.6 million. Profitable, and profit is growing. The buffer shrank hard: equity is 60 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.
€ 7.6 million
▼ 60% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▲ still € 576,365 loss in 2024
Profit after tax over the fiscal year.
€ 2.8 million
▲ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
71.3
▲ 15.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.4 million
▲ 29% vs 2024
€ 75,300 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.
€ 161,983
▲ 232% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.2 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 588,833
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 25,363,863 | € 24,647,203 | € 19,516,669 | € 22,802,636 | ▲ 17% |
| Profit after taxes | € 2,734,970 | € 1,499,065 | € -576,365 | € 1,560,090 | ▲ € 2.1 million |
| Equity | € 18,071,857 | € 19,570,922 | € 18,994,557 | € 7,554,777 | ▼ 60% |
| Total debts | € 7,077,937 | € 3,370,334 | € 3,660,871 | € 15,869,409 | ▲ € 12.2 million |
| Cash | € 1,232,523 | € 138,305 | € 1,730,586 | € 2,836,868 | ▲ 64% |
| Land & buildings | - | € 324,627 | € 302,779 | € 311,119 | ▲ 3% |
| Retained profit | € 16,831,857 | € 18,330,922 | € 17,754,557 | € 6,314,777 | ▼ 64% |
| Dividend | € 2,500,000 | € 0 | € 0 | € 12,999,870 | |
| Balance sheet total | € 25,149,794 | € 22,990,756 | € 22,855,428 | € 23,672,185 | ▲ 4% |
| Employees (FTE) | 33.8 | 43.5 | 55.9 | 71.3 | ▲ 15.4 |
Key figures of Swegon Operations Belgium, 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 Swegon Operations Belgium?
What happened at Swegon Operations Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ADVISIUM SRL stepped down as director. NBB
- Mats Carl Christian OLIN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.6 million. filed late Source: NBB ↗
- Eva Karlsson became a director. NBB
- Andreas ORJE WELLSTAM stepped down as director. NBB
- ADVISIUM SRL became a director. NBB
- Mats Carl Christian OLIN became a director. NBB
- Andreas ORJE WELLSTAM became a director. NBB
In short
From € 2.7 million profit in 2022 to € 1.6 million profit in 2025.
Paid € 1.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.7 million profit.
Paid out € 15.5 million in dividends to the owners in total.
Management
The stake of PL GROUPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Swegon Operations BelgiumBehind Swegon Operations Belgium is Eva Karlsson. The shares are held by PL GROUPE (100%).
Directors
According to the 2025 annual accounts
since 2026
Managing director, Director · represented by Xavier MARLIER
Also active at: PL GROUPE, swegon belgium
since 2025 · until 2031
since 2024 · until 2030
since 2024 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Tirlemont 102
5030 Gembloux
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.188.970
- VAT number
- BE 0429.188.970
- Registered office
- Chaussée de Tirlemont 102, 5030 Gembloux
- Names & denominations
- Swegon Operations Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 1986
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.