De Zwaan
ActiveSummary
De Zwaan has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€83,182) and a net result of -€4,616. Equity has been shrinking by about 22% per year since 2018. Its solvency ranks better than 5% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Official details
Source: KBO- Status
- Active since 21-11-2012 Normal situation
- Registered office
- 15 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.264.826.274 8500 Kortrijk, since 23-11-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Board and ownership
- IMSTAD NVDirector
- THIERS INVEST BVDirector
- THIERS INVEST50%2025 annual accounts of THIERS INVEST
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- -€3,761
- ▲ 16.9%
- Loss
- €4,616
- ▼ 12.7%
- Equity
- -€83,182
- ▼ 5.9%
- Total assets
- €179,470
- ▲ 0.5%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€83,182Liquidity: current ratio 0.68, cash €2,380lowers riskSize: total assets €179,470Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 5% of them on solvency, 5% on liquidity, 27% on profitability and 33% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€83,182 View
- Risk: 6 loss-making years in a rowloss in financial year 2025 -€4,616 View
- Caution: Lower solvency than 95% of companies in real estatesector median 30.7% · 11,259 companies -46.3% View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Recent changes
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as De Zwaan: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €155,000 and €200,000, founded between 2012 and 2014.
| Company | Total assets | Gross margin |
|---|---|---|
| De Zwaan Kortrijk | €179,470 | -€3,761 |
| KORTRIJKSE POORT Kortrijk | €177,512 | -€8,160 |
| TEX PROJECT 1 Torhout | €189,487 | -€2,214 |
| BOUWGROEP DEPOORTER Oostende | €200,062 | -€11,739 |
| LYBRA Dentergem | €155,486 | -€5,866 |
| THERLOVA Herbeumont | €164,701 | -€3,138 |
| RE-VIVE CASTELIJM Gent | €194,610 | -€4,582 |
Key facts about De Zwaan
- What is the company number of De Zwaan?
- The company number of De Zwaan is 0501.546.517. The VAT number is the same number with BE in front: BE 0501.546.517.
- Where is De Zwaan based?
- The registered office is at Houtmarkt 9, 8500 Kortrijk.Company details
- What does De Zwaan do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of De Zwaan?
- The legal form of De Zwaan is Private limited company (pre-2019) (BVBA).
- When was De Zwaan founded?
- De Zwaan was founded on 21-11-2012.
- Is De Zwaan still active?
- Yes, De Zwaan is an active enterprise in the KBO register.
- What is the turnover of De Zwaan?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is De Zwaan profitable?
- In financial year 2025, De Zwaan made a loss of €4,616.
- Where can I find the annual accounts of De Zwaan?
- De Zwaan filed 13 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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