Financials
Financial year 2025
'T Friethuisje Zwijnaarde from Gent, company number BE0779298988, closed financial year 2025 with a result of € 18,010 after tax. For that financial year 'T Friethuisje Zwijnaarde recorded a gross margin of € 34,957 and equity of € 44,630. Compared with financial year 2024, the result moved from € 16,725 to € 18,010. 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 April 13, 2026.
€ 44,630
▲ 68% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,010
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 41,780
▼ 31% 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 € 34,630.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 50,000
Loans from banks and other lenders, long and short.
€ 3,854
▲ 101% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,724
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,510 | € 15,412 | € 34,706 | € 34,957 | ▲ 1% |
| Profit after taxes | € -4,145 | € 4,040 | € 16,725 | € 18,010 | ▲ 8% |
| Equity | € 5,855 | € 9,895 | € 26,620 | € 44,630 | ▲ 68% |
| Total debts | € 67,684 | € 69,001 | € 68,072 | € 73,011 | ▲ 7% |
| Cash | € 19,557 | € 30,698 | € 60,593 | € 41,780 | ▼ 31% |
| Retained profit | € -4,145 | € -105 | € 16,620 | € 34,630 | ▲ 108% |
| Bank debt | € 50,000 | € 50,000 | € 50,000 | € 50,000 | |
| Balance sheet total | € 73,540 | € 78,896 | € 94,692 | € 117,641 | ▲ 24% |
Key figures of 'T Friethuisje Zwijnaarde, 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 'T Friethuisje Zwijnaarde?
What happened at 'T Friethuisje Zwijnaarde in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,010 (▲ 8% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Gent. KBO
In short
From € 4,145 loss in 2022 to € 18,010 profit in 2025.
Paid € 8,979 in corporate taxes since 2022.
Best year ever: 2025, with € 18,010 profit.
Management
Behind 'T Friethuisje Zwijnaarde is Michael Fagoe.
Directors
According to the 2025 annual accounts
Michael Fagoe
Director
Establishments
Establishment units
Physical locations of this company
Zandvoordestraat 123
9052 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- FAGOE Michael Djaswan(oprichter) 90%
- MERTENS Talitha(oprichter) 10%
Details
- Company number
- 0779.298.988
- VAT number
- BE 0779.298.988
- Registered office
- Zandvoordestraat 123, 9052 Gent
- Names & denominations
- 'T Friethuisje Zwijnaarde
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2021
- Peppol
- Active · Active since 18 Jul 2025
- Activities · NACE
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