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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Swings & Partners from Bertem, company number BE0438494537, closed financial year 2025 with a result of € 351,502 after tax. For that financial year Swings & Partners recorded a gross margin of € 1.1 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 468,499 to € 351,502. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ 1.2 million
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 351,502
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 176,553
▲ 149% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 137,840 paid out
39 % of the profit went to the shareholders, mostly to Riscon Swings (50 % of the shares). That is where the money ends up.
People and assets in 2025
6.5
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 443,445
▲ 26% vs 2024
€ 68,200 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.
€ 5,379
▼ 33% 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.
€ 34,423
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,606
▼ 5% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 819,296 | € 890,015 | € 1,140,727 | € 1,062,408 | ▼ 7% |
| Profit after taxes | € 265,493 | € 292,446 | € 468,499 | € 351,502 | ▼ 25% |
| Equity | € 585,520 | € 754,966 | € 1,055,625 | € 1,247,077 | ▲ 18% |
| Total debts | € 175,929 | € 520,756 | € 299,953 | € 280,098 | ▼ 7% |
| Cash | € 157,188 | € 153,182 | € 70,815 | € 176,553 | ▲ 149% |
| Land & buildings | € 2,371 | € 2,056 | € 1,741 | € 1,427 | ▼ 18% |
| Retained profit | € 566,928 | € 736,374 | € 1,037,033 | € 1,228,485 | ▲ 18% |
| Dividend | € 100,000 | € 105,000 | € 137,840 | € 137,840 | |
| Bank debt | € 0 | € 281,224 | € 0 | € 0 | |
| Balance sheet total | € 761,449 | € 1,275,722 | € 1,355,578 | € 1,527,174 | ▲ 13% |
| Employees (FTE) | 6.2 | 5.9 | 5.5 | 6.5 | ▲ 1 |
Key figures of Swings & Partners, 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 Swings & Partners?
What happened at Swings & Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 351,502 (▼ 25% vs 2024). Source: NBB ↗
- New establishment in Bertem. KBO
- TG Insurance BV became a director. NBB
- GVHD BV became a director. NBB
- Conoverz BV became a director. NBB
- SWINGS INVEST BV became a director. NBB
- Riscon Swings BV became a director. NBB
- New establishment in Bertem. KBO
In short
From € 265,493 profit in 2022 to € 351,502 profit in 2025.
Paid € 470,491 in corporate taxes since 2022.
Best year ever: 2024, with € 468,499 profit.
On average € 163,400 of value added per employee in 2025.
Management
The stake of Riscon Swings, SWINGS INVEST, Conoverz, GVHD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Swings & PartnersBehind Swings & Partners are TG Insurance BV, SWINGS INVEST BV, Riscon Swings BV, Conoverz BV and GVHD BV. The shares are held by Riscon Swings (50.1%), SWINGS INVEST (49.5%), Conoverz (0.1%) and GVHD (0.1%).
Directors
According to the 2025 annual accounts
Director · represented by Thibaut Gilis
since 2025
since 2018
Director · represented by Jan Swings
since 2018
Director · represented by Paul Marck
since 2020
Director · represented by Glenn Vanhaegendoren
since 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tervuursesteenweg 41
3060 Bertem
Dr. V. De Walsplein 35 box 2
3070 Kortenberg
Active since 1 January 2017
Sur-le-Mont, Gendron 15
5561 Houyet
Active since 10 February 2017
Tervuursesteenweg 48
3060 Bertem
Active since 1 May 2026
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
- 0438.494.537
- VAT number
- BE 0438.494.537
- Registered office
- Tervuursesteenweg 41, 3060 Bertem
- Names & denominations
- Swings & Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 1989
- Peppol
- Not registered
- Activities · NACE
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