De Swaene
ActiveDe Swaene has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €711k and a net result of €115k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+20
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 5.2 against 2.34 in 2024), and 17.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.8%
Return on assets
13.4%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
8 d late
2023
31 d late
2022
31 d early
2021
34 d early
2020
on the day
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€711k▲ 19.4%
2024 · €596k
2018: €109k
2019: €173k
2020: €295k
2021: €422k
2022: €486k
2023: €585k
2024: €596k
2018 → 2025
Total assets
€859k▼ 8.1%
2024 · €934k
2018: €203k
2019: €267k
2020: €442k
2021: €575k
2022: €719k
2023: €940k
2024: €934k
2018 → 2025
Net result
€115k▲ 58.8%
2024 · €73k
2018: €39k
2019: €66k
2020: €123k
2021: €128k
2022: €65k
2023: €137k
2024: €73k
2018 → 2025
Working capital
€451k▲ 31.2%
2024 · €344k
2018: €71k
2019: €139k
2020: €247k
2021: €341k
2022: €386k
2023: €493k
2024: €344k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€422k-€486k▲ 15.2%€585k▲ 20.5%€596k▲ 1.7%€711k▲ 19.4%
Operating result€180k-€85k▼ 52.7%€216k▲ 154%€118k▼ 45.4%€177k▲ 49.9%
Net result€128k-€65k▼ 49.3%€137k▲ 111%€73k▼ 47.0%€115k▲ 58.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €859k
Fixed assets
€300k▼ 9.8%
Current assets
€559k▼ 7.1%
Equity and liabilities €859k
Equity
€711k▲ 19.4%
Debt
€148k▼ 56.3%
The debt ratio falls from 36.3% to 17.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€259k▲
2024 · €192k
Cash flow
€198k▲
2024 · €147k
Solvency
82.8%▲
2024 · 63.7%
Current ratio
5.20▲
2024 · 2.34
Quick ratio
5.10▲
2024 · 2.30
Debt / equity
0.21▼
2024 · 0.57
ROE
16.2%▲
2024 · 12.2%
ROA
13.4%▲
2024 · 7.8%
Interest coverage
13.90▲
2024 · 11.95
Debt
€148k▼
2024 · €339k
Debt ≤ 1 year
€107k▼
2024 · €258k
Debt > 1 year
€41k▼
2024 · €80k
Income taxes
€58k▲
2024 · €32k
Staff costs
€403k▲
2024 · €370k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€934k€859k▼
Fixed assets21/28€333k€300k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€330k€299k▼
Plant, machinery and equipment23€208k€186k▼
Furniture and vehicles24€13k€7k▼
Other tangible fixed assets26€109k€106k▼
Current assets29/58€602k€559k▼
Amounts receivable after more than one year29€180k-
Other amounts receivable291€180k-
Stocks and contracts in progress3€10k€11k▲
Stocks30/36€10k€11k▲
Amounts receivable within one year40/41€41k€241k▲
Trade receivables40€13k€7k▼
Other amounts receivable41€28k€234k▲
Cash at bank and in hand54/58€364k€305k▼
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€934k€859k▼
Equity10/15€596k€711k▲
Contributions10/11€19k€19k=
Reserves13€534k€692k▲
Distributable reserves133€534k€692k▲
Profit (loss) carried forward14€43k-
Amounts payable17/49€339k€148k▼
Amounts payable after more than one year17€80k€41k▼
Financial debts170/4€80k€41k▼
Amounts payable within one year42/48€258k€107k▼
Current portion of amounts payable after more than one year42€44k€40k▼
Financial debts43€15k€15k▼
Credit institutions430/8€15k€15k▼
Trade debts44€96k€15k▼
Suppliers440/4€96k€15k▼
Taxes, remuneration and social security45€37k€37k▼
Taxes450/3€2k€7k▲
Remuneration and social security454/9€35k€30k▼
Other amounts payable47/48€65k-
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€370k€403k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€82k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€566k€665k▲
Operating profit (loss)9901€118k€177k▲
Financial income75/76B€3k€15k▲
Recurring financial income75€3k€15k▲
Financial charges65/66B€16k€19k▲
Recurring financial charges65€16k€19k▲
Profit (loss) for the period before taxes9903€105k€173k▲
Income taxes67/77€32k€58k▲
Profit (loss) for the period9904€73k€115k▲
Profit (loss) for the period to be appropriated9905€73k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€115k€158k▲
Profit (loss) brought forward from the previous period14P€43k€43k=
Transfer from equity791/2€63k-
Transfer to equity691/2€73k€158k▲
To other reserves6921€73k€158k▲
Profit to be distributed694/7€63k-
Return on contributions (dividend)694€63k-
Social balance
Average headcount (FTE)90879.08.7▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 5.20
Current ratio from 2.34 to 5.20; short-term debt falls from €258k to €107k.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €137k ▲111%
Operating result €216k, net result €137k, both a record.
31-12
Financial
Equity above €500kEq €585k ▲20.5%
6 profitable years in a row build equity to €585k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €295k ▲70.3%
3 profitable years in a row build equity to €295k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €173k ▲59.5%
2 profitable years in a row build equity to €173k.
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudestraat 102610 AntwerpenGround area
362 m²
Building footprint
265 m²
Volume, LiDAR
1,522 m³
Parcel 11462A0318/00A005, Flanders · tallest building 12.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brood en Banket De Swaene
since 20122.210.492.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0318/00A005 | Flanders | 362 m² | 1 · 265 m² | 12.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 530 EUR awarded · 530 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 265 EUR | 265 EUR |
| 2023 | 1 | 265 EUR | 265 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.210.492.517
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DESTINE André
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BETRAMOS
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Of 506 companies in sector 10711 we hold annual accounts for 325. 199 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2012
Fiscal year end31-12
Activities, NACEBEL
10711Manufacture of food products
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.