Equity
€491,947 ▼ 15.3%
DE ZWAAN paid out €130,000 in dividends. That is 103% of the 2025 profit.
DE ZWAAN
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978Gross marginpeak €689,834 (2021)
€586,030▲ 32.9%
Resultlowest -€216,963 (2016)
€126,083▲ 19×
Equitypeak €594,750 (2022)
€491,947▼ 15.3%
Debts
€818,209▲ 54.2%
Staffpeak 7.4 FTE (2007)
6.9 FTEunchanged
Board3 names since 2018
1 directorTousort
Owners3 names in the annual accounts
100%Tousort
Documentsfilings and deeds
25-08-202625 days late
2025financial year
Gross margin from €440,891 to €586,030Result from €6,692 to €126,083Dividend €130,000Equity from €580,864 to €491,947Debts from €530,531 to €818,209Investments €179,832
Key points
from the 2025 annual accountsResult
€126,083 ▲ 19×
The result rose in 2025: different schema filed.
Turnover
≈ €3.0m estimated
The accounts state no turnover.
Debts
€818,209 ▲ 54.2%
Debts rose by €287,679 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€210,087 2.6 × depreciation
Green is investment, beige is depreciation.
Filings
48 annual accounts since 1978
Eight of the last ten came late. The 2021 accounts came latest: 61 days after the end of the period.
Checked score
93
Excellent
Financially stronger than 47% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,896 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.5 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1977
Profit of €126,083 (financial year 2025)
Liquidity: current ratio 1.97, cash €146,479
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 46% of them on solvency, 45% on liquidity, 74% on profitability and 22% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as DE ZWAAN has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DE ZWAAN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for DE ZWAAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.97 (3.05 in 2024), above the usual 1.5. Short-term debt is 38.2% and cash 11.2% of total assets. However, 62.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
12 days late
2023
29 days late
2022
31 days late
2021
61 days late
2020
27 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DOMMEL 100%score 88equity €538,917 (2025) · 2022 annual accounts of DOMMEL
- Tousort 100%equity €889,223 (2025) · 30-06-2025 annual accounts of Tousort
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0417775634
1 director appointed, 2 resignations
Resignations: Van Imschoot Koen (managing director) and DOMMEL · Appointment: TOUSORT (director) · “De aankoop en de verkoop in het groot of in het klein, van meubelen, meubileringsartikelen, slaapcomfort…” (deed in Dutch) · Gazette deed
1 director appointed, 2 resignations
Resignations: DOMMEL and Van Imschoot Koen · Permanent representatives: Crabbe Tineke and Van Imschoot Koen · Appointment: TOUSORT · General meeting of 11-04-2023 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Maldegem
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| DE ZWAAN Ghent | €1.3m | €0.6m | 37.5% | 6.9 |
| IRIX GROUP Willebroek | €1.1m | €0.5m | 68.8% | 6 |
| BELGIAN LASER COMPANY Schoten | €1.2m | €0.6m | 47.2% | 5.2 |
| VEVA COLLECTION Maldegem | €1.0m | €0.4m | 3.7% | 6.7 |
| BRULIGHT Gembloux | €1.5m | €0.5m | 61.9% | 5.9 |
| ESPACE FLAMMES Erquelinnes | €1.7m | €0.7m | 52.3% | 12.3 |
| STABE Aalst | €0.8m | €1.1m | 55.9% | 10.2 |
These companies have the same main activity as DE ZWAAN: agents in the wholesale of furniture, household goods and hardware (NACE 46150). They are comparable in size and age: total assets between €783,000 and €1.7m, founded between 1985 and 1998.
Official details
Source: KBO- Status
- Active since 23-12-1977Normal situation
- Activity
- Agents in the wholesale of furniture, household goods and hardwareNACE 46150and 1 other
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.014.312.8869041 Ghent, since 01-01-1978
- Financial year end
- 31 December
- Peppol
- Reachable since 07-10-2025
Annual accounts 2025
- Total assets
- €1.3m▲ 17.9%
- Employeeson 31-12-2025
- 7=
- Filing
- Filed on 25-08-2026
Insights on DE ZWAAN
DE ZWAAN has existed since 1977. The gross margin fell from €476,020 in 2015 to €195,763 in 2016.
Solvency fell in 2025 from 52.3% to 37.5% because of the dividend and higher long-term debts.
DOMMEL holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DE ZWAAN
- What is the company number of DE ZWAAN?
- The company number of DE ZWAAN is 0417.775.634. The VAT number is the same number with BE in front: BE 0417.775.634.
- Where is DE ZWAAN based?
- The registered office is at Antwerpsesteenweg 1124, 9041 Ghent.Company details
- What does DE ZWAAN do?
- According to the KBO register, the main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150).
- What is the legal form of DE ZWAAN?
- DE ZWAAN is a public limited company (NV).
- When was DE ZWAAN founded?
- DE ZWAAN was founded on 23-12-1977.
- Is DE ZWAAN still active?
- Yes, DE ZWAAN is an active enterprise in the KBO register.
- How many employees does DE ZWAAN have?
- DE ZWAAN had an average of 6.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DE ZWAAN fall under?
- In its 2025 annual accounts, DE ZWAAN states joint committees 100 (Auxiliary committee for blue-collar workers) and 201 (Independent retail).
- What is the turnover of DE ZWAAN?
- The turnover in financial year 2025 is ≈ €3.0m. This figure is estimated from the gross margin of €586,030 and 139 comparable companies (NACE 46). It probably lies between €1.9m and €5.0m.
- Is DE ZWAAN profitable?
- In financial year 2025, DE ZWAAN made a profit of €126,083.
- Where can I find the annual accounts of DE ZWAAN?
- DE ZWAAN filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DE ZWAAN due?
- DE ZWAAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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