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 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
De Zwaluw from Rumst, company number BE0440476604, closed financial year 2025 with a result of € 27 after tax. For that financial year De Zwaluw recorded a gross margin of € 558,183 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -33,697 to € 27. Profitable, and profit is growing. 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 June 25, 2026.
€ 1.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27
▲ still € 33,697 loss in 2024
Profit after tax over the fiscal year.
€ 19,554
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.3 million.
People and assets in 2025
6.6
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 414,589
▲ 3% vs 2024
€ 62,800 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.
€ 6,453
▼ 53% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 454,670
▼ 36% vs 2024
€ 23,701 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 76,027
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 84,044
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 711,701 | € 664,229 | € 527,140 | € 558,183 | ▲ 6% |
| Profit after taxes | € 204,520 | € 100,556 | € -33,697 | € 27 | ▲ € 33,724 |
| Equity | € 1,313,489 | € 1,414,044 | € 1,380,348 | € 1,380,375 | |
| Total debts | € 1,053,341 | € 1,062,335 | € 869,298 | € 633,810 | ▼ 27% |
| Cash | € 7,240 | € 56,014 | € 53,068 | € 19,554 | ▼ 63% |
| Land & buildings | € 248,680 | € 218,589 | € 185,070 | € 153,621 | ▼ 17% |
| Retained profit | € 1,248,489 | € 1,349,044 | € 1,315,348 | € 1,315,375 | |
| Bank debt | € 773,889 | € 838,083 | € 712,256 | € 454,670 | ▼ 36% |
| Balance sheet total | € 2,366,830 | € 2,476,379 | € 2,249,646 | € 2,014,185 | ▼ 10% |
| Employees (FTE) | 6.7 | 6.5 | 7.5 | 6.6 | ▼ 0.9 |
Key figures of De Zwaluw, 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 De Zwaluw?
What happened at De Zwaluw in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 27. Source: NBB ↗
- Martin Investment Group BV became a director. NBB
- New establishment in Rumst. KBO
- Start of the company according to the CBE. KBO
In short
From € 204,520 profit in 2022 to € 27 profit in 2025.
Paid € 109,690 in corporate taxes since 2022.
Best year ever: 2022, with € 204,520 profit.
On average € 84,600 of value added per employee in 2025.
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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 De Zwaluw are Martin Investment Group BV and Patrick Martin. Patrick Martin is also behind Martin Investment Group.
Directors
According to the 2025 annual accounts
Director · represented by Chantale Van de Voorde
since 2024
Establishments
Establishment units
Physical locations of this company
Laarstraat 41 box 2
2840 Rumst
Laarstraat 41 box 1
2840 Rumst
Active since 27 April 1990
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
TELENET-AS, BE
Website info
Features
Security
Details
- Company number
- 0440.476.604
- VAT number
- BE 0440.476.604
- Registered office
- Laarstraat 41 bus 2, 2840 Rumst
- Names & denominations
- De Zwaluw
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 1990
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- fietsendezwaluw.be
- Activities · NACE
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