GARDEN SCHWIND
ActiveSummary
GARDEN SCHWIND has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219k and a net result of €18k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-14
Solvency51▼-15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.95 in 2024; short-term debt: 38.2% and cash: 19.2% of total assets), and 73.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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
26.4%
Return on assets
2.1%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
31 d early
2023
22 d early
2022
13 d early
2021
6 d early
2020
30 d late
2019
26 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18k▼ 72.0%
2024 · €63k
2018: €41k
2019: €26k▼ -37.6% vs 2018
2020: €131k▲ +410% vs 2019highest in 8 years
2021: €73k▼ -44.8% vs 2020
2022: €83k▲ +14.0% vs 2021
2023: €70k▼ -15.9% vs 2022
2024: €63k▼ -9.9% vs 2023
2025: €18k▼ -72.0% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-12k▲ 16.9%
2024 · €-14k
2018: €65k
2019: €83k▲ +27.6% vs 2018
2020: €164k▲ +97.0% vs 2019
2021: €112k▼ -31.6% vs 2020
2022: €117k▲ +4.5% vs 2021
2023: €219k▲ +87.7% vs 2022highest in 8 years
2024: €-14k▼ -107% vs 2023lowest in 8 years
2025: €-12k▲ +16.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€292k-€374k▲ 28.4%€439k▲ 17.3%€202k▼ 54.0%€219k▲ 8.7%
2021: €292k
2022: €374k▲ +28.4% vs 2021
2023: €439k▲ +17.3% vs 2022highest in 5 years
2024: €202k▼ -54.0% vs 2023lowest in 5 years
2025: €219k▲ +8.7% vs 2024
Operating result€95k-€102k▲ 7.4%€89k▼ 12.7%€80k▼ 10.0%€34k▼ 57.1%
2021: €95k
2022: €102k▲ +7.4% vs 2021highest in 5 years
2023: €89k▼ -12.7% vs 2022
2024: €80k▼ -10.0% vs 2023
2025: €34k▼ -57.1% vs 2024lowest in 5 years
Net result€73k-€83k▲ 14.0%€70k▼ 15.9%€63k▼ 9.9%€18k▼ 72.0%
2021: €73k
2022: €83k▲ +14.0% vs 2021highest in 5 years
2023: €70k▼ -15.9% vs 2022
2024: €63k▼ -9.9% vs 2023
2025: €18k▼ -72.0% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €832k
Fixed assets
€526k ▲ 143%
Current assets
€306k ▲ 12.7%
Equity and liabilities €832k
Equity
€219k ▲ 8.7%
Debt
€613k ▲ 114%
Debt's share of the balance-sheet total rises from 58.6% to 73.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136k▲
2024 · €126k
Cash flow
€119k▲
2024 · €109k
Current ratio
0.96▲
2024 · 0.95
Quick ratio
0.91▲
2024 · 0.89
Debt to equity
2.79▲
2024 · 1.42
ROE
8.0%▼
2024 · 31.1%
ROA
2.1%▼
2024 · 12.9%
Interest coverage
10.47▼
2024 · 265.68
Debt ≤ 1 year
€318k▲
2024 · €286k
Debt > 1 year
€292k
Income taxes
€6k▼
2024 · €20k
Staff costs
€102k▼
2024 · €124k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€488k€832k▲
Fixed assets21/28€216k€526k▲
Tangible fixed assets22/27€203k€513k▲
Land and buildings22€78k€416k▲
Plant, machinery and equipment23€49k€32k▼
Furniture and vehicles24€75k€65k▼
Financial fixed assets28€14k€14k=
Current assets29/58€271k€306k▲
Stocks and contracts in progress3€18k€16k▼
Stocks30/36€18k€16k▼
Amounts receivable within one year40/41€57k€38k▼
Trade receivables40€56k€31k▼
Other amounts receivable41€990€6k▲
Current investments50/53€75k€75k=
Cash at bank and in hand54/58€109k€160k▲
Deferred charges and accrued income490/1€12k€17k▲
Equity and liabilities
Total equity and liabilities10/49€488k€832k▲
Equity10/15€202k€219k▲
Contributions10/11€19k€19k=
Reserves13€121k€121k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€101k€101k=
Profit (loss) carried forward14€63k€80k▲
Amounts payable17/49€286k€613k▲
Amounts payable after more than one year17-€292k
Financial debts170/4-€292k
Amounts payable within one year42/48€286k€318k▲
Current portion of amounts payable after more than one year42-€31k
Trade debts44€17k€23k▲
Suppliers440/4€17k€23k▲
Taxes, remuneration and social security45€20k€15k▼
Taxes450/3€20k€5k▼
Remuneration and social security454/9-€9k
Other amounts payable47/48€249k€250k▲
Accrued charges and deferred income492/3€18€3k▲
Income statement
Code20242025
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€124k€102k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€101k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€252k€242k▼
Operating profit (loss)9901€80k€34k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€476€13k▲
Recurring financial charges65€476€13k▲
Profit (loss) for the period before taxes9903€83k€23k▼
Income taxes67/77€20k€6k▼
Profit (loss) for the period9904€63k€18k▼
Profit (loss) for the period to be appropriated9905€63k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€362k€80k▼
Profit (loss) brought forward from the previous period14P€300k€63k▼
Transfer from equity791/2€500-
Profit to be distributed694/7€300k-
Return on contributions (dividend)694€300k-
Social balance
Average headcount (FTE)90876.56.2▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | €5k | - | - |
| Remuneration, social security and pensions62 | €148k | €94k | €82k | €124k | €102k | ▼ 17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €31k | €46k | €46k | €101k | ▲ 118% |
| Other operating charges640/8 | €2k | €1k | €200 | €2k | €4k | ▲ 81.5% |
| Non-recurring operating charges66A | - | €5k | €7k | - | - | - |
| Gross operating margin9900 | €266k | €233k | €225k | €252k | €242k | ▼ 4.1% |
| Operating profit (loss)9901 | €95k | €102k | €89k | €80k | €34k | ▼ 57.1% |
| Financial income75/76B | €2k | €2k | €3k | €3k | €2k | ▼ 38.8% |
| Recurring financial income75 | €2k | €2k | €3k | €3k | €2k | ▼ 38.8% |
| Financial charges65/66B | €1k | €343 | €213 | €476 | €13k | ▲ 2,624% |
| Recurring financial charges65 | €1k | €343 | €213 | €476 | €13k | ▲ 2,624% |
| Profit (loss) for the period before taxes9903 | €95k | €104k | €92k | €83k | €23k | ▼ 71.8% |
| Income taxes67/77 | €23k | €21k | €22k | €20k | €6k | ▼ 70.9% |
| Profit (loss) for the period9904 | €73k | €83k | €70k | €63k | €18k | ▼ 72.0% |
| Profit (loss) for the period to be appropriated9905 | €73k | €83k | €70k | €63k | €18k | ▼ 72.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386k | €492k | €463k | €488k | €832k | ▲ 70.6% |
| Fixed assets21/28 | €183k | €258k | €220k | €216k | €526k | ▲ 143% |
| Tangible fixed assets22/27 | €132k | €206k | €206k | €203k | €513k | ▲ 153% |
| Land and buildings22 | €91k | €88k | €83k | €78k | €416k | ▲ 433% |
| Plant, machinery and equipment23 | €13k | €87k | €67k | €49k | €32k | ▼ 36.0% |
| Furniture and vehicles24 | €28k | €31k | €55k | €75k | €65k | ▼ 14.0% |
| Financial fixed assets28 | €51k | €51k | €14k | €14k | €14k | = |
| Current assets29/58 | €203k | €235k | €244k | €271k | €306k | ▲ 12.7% |
| Stocks and contracts in progress3 | €10k | €21k | €19k | €18k | €16k | ▼ 12.0% |
| Stocks30/36 | €10k | €21k | €19k | €18k | €16k | ▼ 12.0% |
| Amounts receivable within one year40/41 | €55k | €23k | €36k | €57k | €38k | ▼ 34.3% |
| Trade receivables40 | €35k | €10k | €31k | €56k | €31k | ▼ 44.5% |
| Other amounts receivable41 | €20k | €12k | €6k | €990 | €6k | ▲ 546% |
| Current investments50/53 | - | - | €100k | €75k | €75k | = |
| Cash at bank and in hand54/58 | €134k | €186k | €77k | €109k | €160k | ▲ 46.6% |
| Deferred charges and accrued income490/1 | €4k | €5k | €11k | €12k | €17k | ▲ 45.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386k | €492k | €463k | €488k | €832k | ▲ 70.6% |
| Equity10/15 | €292k | €374k | €439k | €202k | €219k | ▲ 8.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €126k | €126k | €121k | €121k | €121k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €107k | €107k | €102k | €101k | €101k | = |
| Profit (loss) carried forward14 | €147k | €230k | €300k | €63k | €80k | ▲ 28.0% |
| Amounts payable17/49 | €95k | €118k | €24k | €286k | €613k | ▲ 114% |
| Amounts payable after more than one year17 | €3k | - | - | - | €292k | - |
| Financial debts170/4 | €3k | - | - | - | €292k | - |
| Amounts payable within one year42/48 | €91k | €118k | €24k | €286k | €318k | ▲ 11.2% |
| Current portion of amounts payable after more than one year42 | €5k | €3k | - | - | €31k | - |
| Trade debts44 | €16k | €98k | €7k | €17k | €23k | ▲ 32.2% |
| Suppliers440/4 | €16k | €98k | €7k | €17k | €23k | ▲ 32.2% |
| Taxes, remuneration and social security45 | €26k | €16k | €17k | €20k | €15k | ▼ 25.7% |
| Taxes450/3 | €16k | €9k | €17k | €20k | €5k | ▼ 72.8% |
| Remuneration and social security454/9 | €9k | €8k | - | - | €9k | - |
| Other amounts payable47/48 | €45k | €115 | - | €249k | €250k | ▲ 0.3% |
| Accrued charges and deferred income492/3 | - | - | €13 | €18 | €3k | ▲ 17,112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €83k | €70k | €63k | €18k | ▼ 72.0% |
| + Depreciation and write-downs630 | €21k | €31k | €46k | €46k | €101k | ▲ 118% |
| Operating cash flow (approximation) | €93k | €114k | €116k | €109k | €119k | ▲ 9.0% |
| Investment in fixed assets (approximation) | - | €-105k | €-8k | €-43k | €-411k | ▼ 854% |
| Change in cash | - | €52k | €-110k | €32k | €51k | ▲ 58.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €18k ▼72%
Net result drops to €18k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 5current ratio 10.04
Current ratio from 1.99 to 10.04; short-term debt falls from €118k to €24k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €131k ▲410%
Operating result €180k, net result €131k, both a record.
31-12
Financial
Equity above €200kEq €259k ▲103%
3 profitable years in a row build equity to €259k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Amel · 1 establishment unit since 2015
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.
Medell,Deller Weg 614770 Amel1 establishment unit
GARDEN SCHWIND
since 20152.243.266.540
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Of 641 companies in sector 01301 we hold annual accounts for 297. 229 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
01301Crop and animal production, hunting and related service activities
81300Landscape service activities
43120Site preparation
47761Retail sale of flowers, plants, seeds and fertilisers
Contact
Phone
0498/84.87.51Amel
Scores and ratios are computed by Checked and are not a credit decision.