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 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SWYVANCO from Ninove, company number BE0457578197, closed financial year 2025 with a result of € 26,586 after tax. For that financial year SWYVANCO recorded a gross margin of € 156,532 and equity of € -251,456. Compared with financial year 2024, the result moved from € 24,667 to € 26,586. Profitable, and profit is growing. 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 June 30, 2026.
€ -251,456
▲ € 26,586 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,586
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 44,458
▲ 47% 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 € -400,192.
People and assets in 2025
€ 66,140
▲ 44% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,492
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 156,414
▼ 18% vs 2024
€ 26,682 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 5,115
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,334
▼ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 102,210 | € 136,335 | € 155,525 | € 156,532 | ▲ 1% |
| Profit after taxes | € -78,944 | € -37,524 | € 24,667 | € 26,586 | ▲ 8% |
| Equity | € -265,186 | € -302,710 | € -278,042 | € -251,456 | ▲ € 26,586 |
| Total debts | € 733,309 | € 713,428 | € 675,805 | € 649,079 | ▼ 4% |
| Cash | € 20,402 | € 27,544 | € 30,259 | € 44,458 | ▲ 47% |
| Land & buildings | € 200,389 | € 195,829 | € 203,962 | € 201,678 | ▼ 1% |
| Retained profit | € -413,922 | € -451,446 | € -426,779 | € -400,192 | ▲ € 26,586 |
| Bank debt | € 330,072 | € 261,066 | € 190,301 | € 156,414 | ▼ 18% |
| Balance sheet total | € 468,123 | € 410,718 | € 397,762 | € 397,623 |
Key figures of SWYVANCO, 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 SWYVANCO?
What happened at SWYVANCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,586 (▲ 8% vs 2024). Source: NBB ↗
- Albert Van Cotthem became a director. NBB
- Edgard Swysen became a director. NBB
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 78,944 loss in 2022 to € 26,586 profit in 2025.
Best year ever: 2025, with € 26,586 profit.
Management
Behind SWYVANCO are Albert Van Cotthem and Edgard Swysen.
Directors
According to the 2025 annual accounts
Albert Van Cotthem
Director
since 2024
Edgard Swysen
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Brakelsesteenweg 114
9400 Ninove
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0457.578.197
- VAT number
- BE 0457.578.197
- Registered office
- Brakelsesteenweg 114, 9400 Ninove
- Names & denominations
- SWYVANCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 1996
- Peppol
- Active · Active since 1 Jan 2026
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