Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S.W. from Izegem, company number BE0439617361, closed financial year 2025 with a result of € -7,457 after tax. For that financial year S.W. recorded a gross margin of € 1,434 and equity of € -26,453. Compared with financial year 2024, the result moved from € 4,618 to € -7,457. 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 August 25, 2026.
€ -26,453
▼ € 7,457 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,457
▼ still € 4,618 profit in 2024
Profit after tax over the fiscal year.
€ 1,962
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -100,821.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 12,685 | € 6,180 | € 11,262 | € 1,434 | ▼ 87% |
| Profit after taxes | € 2,836 | € -4,429 | € 4,618 | € -7,457 | ▼ € 12,075 |
| Equity | € -19,185 | € -23,614 | € -18,996 | € -26,453 | ▼ € 7,457 |
| Total debts | € 109,502 | € 105,185 | € 99,402 | € 131,742 | ▲ 33% |
| Cash | € 1,516 | € 117 | € 2,157 | € 1,962 | ▼ 9% |
| Land & buildings | € 87,081 | € 79,733 | € 76,528 | € 103,328 | ▲ 35% |
| Retained profit | € -93,553 | € -97,982 | € -93,364 | € -100,821 | ▼ € 7,457 |
| Balance sheet total | € 90,317 | € 81,571 | € 80,406 | € 105,289 | ▲ 31% |
Key figures of S.W., 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 S.W.?
What happened at S.W. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wouter Jan Vangheluwe stepped down as director. NBB
- Vangheluwe Nele stepped down as director. NBB
- Steven Jozef Vangheluwe stepped down as director. NBB
- Catharina Carmen Decoopman stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 7,457 (▼ € 12,075 vs 2024). filed late Source: NBB ↗
- Wouter Jan Vangheluwe became a director. NBB
- Vangheluwe Nele became a director. NBB
- Steven Jozef Vangheluwe became a director. NBB
In short
From € 2,836 profit in 2022 to € 7,457 loss in 2025.
Best year ever: 2024, with € 4,618 profit.
A new publication or filing at S.W.? We notify you, reason included.
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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
Directors
According to the 2025 annual accounts
Wouter Jan Vangheluwe
Director
since 2018 · until 2029
Vangheluwe Nele
Director
since 2018 · until 2029
Steven Jozef Vangheluwe
Director
since 2018 · until 2029
Catharina Carmen Decoopman
Managing director
since 2018 · until 2029
Establishments
Establishment units
Physical locations of this company
Burgemeester Vandenbogaerdelaan 39
8870 Izegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.617.361
- VAT number
- BE 0439.617.361
- Registered office
- Burgemeester Vandenbogaerdelaan 39, 8870 Izegem
- Names & denominations
- S.W.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1989
- Peppol
- Active · Active since 1 Jan 2001