De Zwaluw
ActiveDe Zwaluw has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.38M and a net result of €27. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▲+10
Solvency94▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 2.49 in 2024; short-term debt: 29.9% and cash: 1% of total assets), and 31.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
68.5%
Return on assets
0%
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
1 d early
2023
28 d early
2022
7 d late
2021
32 d early
2020
1 d early
2019
45 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€27
2024 · €-34k
2018: €37k
2019: €146k
2020: €218k
2021: €156k
2022: €205k
2023: €101k
2024: €-34k
2018 → 2025
Working capital
€1.18M▼ 0.7%
2024 · €1.19M
2018: €406k
2019: €556k
2020: €692k
2021: €873k
2022: €1.08M
2023: €1.20M
2024: €1.19M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.11M-€1.31M▲ 18.4%€1.41M▲ 7.7%€1.38M▼ 2.4%€1.38M=
Operating result€224k-€267k▲ 19.2%€173k▼ 35.3%€507▼ 99.7%€20k▲ 3,766%
Net result€156k-€205k▲ 31.1%€101k▼ 50.8%€-34k€27
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3,766% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.01M
Fixed assets
€232k▼ 12.3%
Current assets
€1.78M▼ 10.2%
Equity and liabilities €2.01M
Equity
€1.38M=
Debt
€634k▼ 27.1%
The debt ratio falls from 38.6% to 31.5%. Debt is lower.
Key figures and ratios
EBITDA
€71k▲
2024 · €67k
Cash flow
€51k▲
2024 · €33k
Solvency
68.5%▲
2024 · 61.4%
Current ratio
2.96▲
2024 · 2.49
Quick ratio
0.39▲
2024 · 0.21
Debt / equity
0.46▼
2024 · 0.63
ROE
0.0%▲
2024 · -2.4%
ROA
0.0%▲
2024 · -1.5%
Interest coverage
2.42▲
2024 · 1.45
Debt
€634k▼
2024 · €869k
Debt ≤ 1 year
€602k▼
2024 · €797k
Debt > 1 year
€31k▼
2024 · €68k
Income taxes
€377▼
2024 · €398
Staff costs
€415k▲
2024 · €403k
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€2.25M€2.01M▼
Fixed assets21/28€264k€232k▼
Tangible fixed assets22/27€261k€228k▼
Land and buildings22€185k€154k▼
Plant, machinery and equipment23€62k€68k▲
Furniture and vehicles24€14k€6k▼
Financial fixed assets28€3k€3k▼
Current assets29/58€1.99M€1.78M▼
Stocks and contracts in progress3€1.82M€1.55M▼
Stocks30/36€1.82M€1.55M▼
Amounts receivable within one year40/41€105k€161k▲
Trade receivables40€30k€71k▲
Other amounts receivable41€76k€90k▲
Cash at bank and in hand54/58€53k€20k▼
Deferred charges and accrued income490/1€10k€52k▲
Equity and liabilities
Total equity and liabilities10/49€2.25M€2.01M▼
Equity10/15€1.38M€1.38M=
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€1.31M€1.31M=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€1.31M€1.31M=
Profit (loss) carried forward14€3k€3k▲
Amounts payable17/49€869k€634k▼
Amounts payable after more than one year17€68k€31k▼
Financial debts170/4€68k€31k▼
Amounts payable within one year42/48€797k€602k▼
Current portion of amounts payable after more than one year42€44k€24k▼
Financial debts43€600k€400k▼
Credit institutions430/8€600k€400k▼
Trade debts44€54k€76k▲
Suppliers440/4€54k€76k▲
Taxes, remuneration and social security45€75k€84k▲
Taxes450/3€21k€24k▲
Remuneration and social security454/9€54k€60k▲
Other amounts payable47/48€23k€18k▼
Accrued charges and deferred income492/3€4k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€403k€415k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€51k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€51k€66k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€527k€558k▲
Operating profit (loss)9901€507€20k▲
Financial income75/76B€12k€10k▼
Recurring financial income75€12k€10k▼
Financial charges65/66B€46k€29k▼
Recurring financial charges65€46k€29k▼
Profit (loss) for the period before taxes9903€-33k€404▲
Income taxes67/77€398€377▼
Profit (loss) for the period9904€-34k€27▲
Profit (loss) for the period to be appropriated9905€-34k€27▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€3k▲
Profit (loss) brought forward from the previous period14P€7k€3k▼
Transfer from equity791/2€30k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90877.56.6▼
The notes to these accounts (28 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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €27
Net result €27 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-34k ▼134%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.11M ▲16.4%
4 profitable years in a row build equity to €1.11M.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €218k ▲49.5%
Operating result €312k, net result €218k, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
07-06
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, Rumst · 1 establishment unit since 1990
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.
Laarstraat 412840 RumstGround area
1,057 m²
Building footprint
853 m²
Volume, LiDAR
4,524 m³
Parcel 11036B0263/00F000, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Laarstraat 41, 2840 Rumst
since 19902.048.044.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036B0263/00F000 | Flanders | 1,057 m² | 1 · 853 m² | 12.1 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.
Similar companies · same sector, comparable size
MEIRHAEGHE-VAN WOENSEL
BE 0862.691.472
Rotselaar · Eq €1.38M
BIKE CENTER
BE 0870.212.536
Zele · Eq €1.39M
Fietsen De Geus
BE 0885.207.647
Mortsel · Eq €1.36M
ROBEET BIKE STYLE
BE 0452.231.222
Tervuren · Eq €1.36M
2 wielen
BE 0597.819.215
Hamme (Vl.) · Eq €1.42M
Of 1,467 companies in sector 47632 we hold annual accounts for 732. 426 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-03-1990
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
52492
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.