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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SWEP from Wetteren, company number BE0445724304, closed financial year 2025 with a result of € 144,688 after tax. For that financial year SWEP recorded a gross margin of € 102,986 and equity of € 1 million. Compared with financial year 2024, the result moved from € 96,888 to € 144,688. 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 March 30, 2026.
€ 1 million
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 144,688
▲ 49% vs 2024
Profit after tax over the fiscal year.
€ 190,736
▼ 2% 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 € 940,030.
Debts at end 2025
€ 400,000
Loans from banks and other lenders, long and short.
€ 19,304
▲ € 15,683 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 48,882 | € 44,816 | € 52,489 | € 102,986 | ▲ 96% |
| Profit after taxes | € 103,574 | € 103,213 | € 96,888 | € 144,688 | ▲ 49% |
| Equity | € 1,764,674 | € 1,077,387 | € 860,398 | € 1,005,086 | ▲ 17% |
| Total debts | € 631,056 | € 1,316,342 | € 1,639,626 | € 1,440,987 | ▼ 12% |
| Cash | € 172,611 | € 47,270 | € 194,422 | € 190,736 | ▼ 2% |
| Land & buildings | € 924,636 | € 1,115,660 | € 1,065,665 | € 1,034,538 | ▼ 3% |
| Retained profit | € 912,674 | € 1,012,332 | € 795,342 | € 940,030 | ▲ 18% |
| Dividend | € 75,828 | € 3,555 | € 313,877 | € 0 | ▼ 100% |
| Bank debt | € 400,000 | € 400,000 | € 400,000 | € 400,000 | |
| Balance sheet total | € 2,395,730 | € 2,393,729 | € 2,500,024 | € 2,446,073 | ▼ 2% |
Key figures of SWEP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to SWEP?
What happened at SWEP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kathleen Van Laere stepped down as director. NBB
- Pedro Smekens stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 144,688 (▲ 49% vs 2024). Source: NBB ↗
- Kathleen Van Laere became a director. NBB
- Pedro Smekens became a director. NBB
- New establishment in Wetteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 103,574 profit in 2022 to € 144,688 profit in 2025.
Paid € 34,327 in corporate taxes since 2022.
Best year ever: 2025, with € 144,688 profit.
Paid out € 393,261 in dividends to the owners in total.
Management
It owns 96% of Exportslachthuis Smekens itself.
Directors
According to the 2025 annual accounts
Kathleen Van Laere
Director
since 2023 · until 2029
Pedro Smekens
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 483
9230 Wetteren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.724.304
- VAT number
- BE 0445.724.304
- Registered office
- Brusselsesteenweg 483, 9230 Wetteren
- Names & denominations
- SWEP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 November 1991
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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