DE ZWAAN
ActiveSummary
DE ZWAAN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €561k and a net result of €166k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 13305 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.11 against 5.6 in 2024; short-term debt: 14.4% and cash: 38.3% of total assets), and 23.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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
76.2%
Return on assets
22.5%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
17 d early
2023
22 d early
2022
17 d early
2021
13 d early
2020
12 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€561k▼ 13.5%
2024 · €649k
2018: €85k
2019: €111k
2020: €149k
2021: €334k
2022: €459k
2023: €536k
2024: €649k
2018 → 2025
Total assets
€736k▼ 6.4%
2024 · €786k
2018: €161k
2019: €154k
2020: €221k
2021: €426k
2022: €616k
2023: €693k
2024: €786k
2018 → 2025
Net result
€166k▲ 23.4%
2024 · €134k
2018: €21k
2019: €26k
2020: €38k
2021: €185k
2022: €126k
2023: €76k
2024: €134k
2018 → 2025
Working capital
€223k▼ 51.7%
2024 · €462k
2018: €63k
2019: €77k
2020: €99k
2021: €233k
2022: €293k
2023: €340k
2024: €462k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€334k-€459k▲ 37.6%€536k▲ 16.6%€649k▲ 21.1%€561k▼ 13.5%
Operating result€270k-€182k▼ 32.6%€115k▼ 36.8%€199k▲ 73.4%€251k▲ 25.6%
Net result€185k-€126k▼ 32.2%€76k▼ 39.2%€134k▲ 76.2%€166k▲ 23.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €736k
Fixed assets
€407k ▲ 82.5%
Current assets
€329k ▼ 41.6%
Equity and liabilities €736k
Equity
€561k ▼ 13.5%
Debt
€175k ▲ 27.6%
Debt's share of the balance-sheet total rises from 17.5% to 23.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€310k▲
2024 · €258k
Cash flow
€225k▲
2024 · €193k
Current ratio
3.11▼
2024 · 5.60
Quick ratio
2.79▼
2024 · 5.27
Debt to equity
0.31▲
2024 · 0.21
ROE
29.6%▲
2024 · 20.7%
ROA
22.5%▲
2024 · 17.1%
Interest coverage
30.45▼
2024 · 39.55
Debt ≤ 1 year
€106k▲
2024 · €101k
Debt > 1 year
€69k▲
2024 · €37k
Income taxes
€79k▲
2024 · €67k
Staff costs
€49k▲
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€786k€736k▼
Fixed assets21/28€223k€407k▲
Intangible fixed assets21€4k€4k=
Tangible fixed assets22/27€216k€399k▲
Land and buildings22€114k€119k▲
Plant, machinery and equipment23€34k€29k▼
Furniture and vehicles24€13k€217k▲
Leasing and similar rights25€54k€34k▼
Financial fixed assets28€3k€3k=
Current assets29/58€563k€329k▼
Stocks and contracts in progress3€33k€34k▲
Stocks30/36€33k€34k▲
Amounts receivable within one year40/41€107k€14k▼
Trade receivables40€984€9k▲
Other amounts receivable41€106k€5k▼
Cash at bank and in hand54/58€422k€282k▼
Equity and liabilities
Total equity and liabilities10/49€786k€736k▼
Equity10/15€649k€561k▼
Contributions10/11€31k€31k=
Reserves13€623k€535k▼
Distributable reserves133€623k€535k▼
Profit (loss) carried forward14€-6k€-6k=
Amounts payable17/49€137k€175k▲
Amounts payable after more than one year17€37k€69k▲
Financial debts170/4€37k€69k▲
Amounts payable within one year42/48€101k€106k▲
Current portion of amounts payable after more than one year42€30k€46k▲
Trade debts44€28k€1k▼
Suppliers440/4€28k€1k▼
Taxes, remuneration and social security45€43k€45k▲
Taxes450/3€43k€44k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48-€13k
Income statement
Code20242025
Remuneration, social security and pensions62€40k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€59k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€303k€362k▲
Operating profit (loss)9901€199k€251k▲
Financial income75/76B€9k€5k▼
Recurring financial income75€9k€5k▼
Financial charges65/66B€7k€10k▲
Recurring financial charges65€7k€10k▲
Profit (loss) for the period before taxes9903€201k€245k▲
Income taxes67/77€67k€79k▲
Profit (loss) for the period9904€134k€166k▲
Profit (loss) for the period to be appropriated9905€134k€166k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€160k▲
Profit (loss) brought forward from the previous period14P€-6k€-6k=
Transfer from equity791/2€21k€254k▲
Transfer to equity691/2€134k€166k▲
To other reserves6921€134k€166k▲
Profit to be distributed694/7€21k€254k▲
Return on contributions (dividend)694€21k€254k▲
The notes to these accounts (11 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €536k ▲16.6%
6 profitable years in a row build equity to €536k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €185k ▲392%
Operating result €270k, net result €185k, both a record.
31-12
Financial
Equity above €200kEq €334k ▲124%
4 profitable years in a row build equity to €334k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €111k ▲31%
2 profitable years in a row build equity to €111k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
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
3 acts for this company are 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, Kruisem · 1 establishment unit since 1993
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.
Wannegemdorp (WAN) 49772 KruisemGround area
1,260 m²
Building footprint
212 m²
Volume, LiDAR
1,192 m³
Parcel 45053A0278/00B000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GAST HOF - RESTAURANT DE ZWAAN
since 19932.064.415.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45053A0278/00B000 | Flanders | 1,260 m² | 1 · 212 m² | 11.1 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteKruisem2.064.415.366
Similar companies · same sector, comparable size
PISTACHE
BE 0771.303.418
Knokke-Heist · Eq €560,919
TWINS
BE 0479.166.934
Aarschot · Eq €560,644
Antwerpen Centraal Noodlebar
BE 0725.771.222
Antwerpen · Eq €561,275
INCONTRI
BE 0452.911.212
Mol · Eq €561,420
50° North
BE 0645.845.301
Brussel · Eq €561,426
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 5,963 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.