ZWALMKOETS

Inactive

Private limited companyfounded 1994Gaverbosdreef(Munk) 25, 9630 Zwalm, BelgiumKBO/BCE: BE 0453.261.303

No longer registered with the KBO since 03-09-2026; last annual accounts for fiscal year 2024.

Watch Print / PDF

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 18938 peers (2024). A comfortable equity buffer.

NBB · sector comparison

Position among 18938 sector peers

Solvency

better than 95%

← weakest strongest →

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €6k

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €104k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

41 d early

2023

55 d early

2022

52 d early

2021

40 d early

2020

36 d early

2019

48 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€104k▲ 6.5%

2023 · €97k

2018: €145k 2019: €115k 2020: €99k 2021: €94k 2022: €94k 2023: €97k

2018 → 2024

Total assets

€107k▲ 6.1%

2023 · €101k

2018: €238k 2019: €121k 2020: €120k 2021: €111k 2022: €100k 2023: €101k

2018 → 2024

Net result

€6k▲ 82.4%

2023 · €3k

2018: €10k 2019: €-30k 2020: €-16k 2021: €-5k 2022: €-159 2023: €3k

2018 → 2024

Working capital

€11k▲ 293%

2023 · €3k

2018: €28k 2019: €7k 2020: €2k 2021: €-5k 2022: €-2k 2023: €3k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€99k-€94k▼ 5.3%€94k▼ 0.2%€97k▲ 3.7%€104k▲ 6.5%

Operating result€-16k-€-5k▲ 68.0%€-51▲ 99.0%€4k€6k▲ 81.5%

Net result€-16k-€-5k▲ 66.6%€-159▲ 97.0%€3k€6k▲ 82.4%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 82% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €107k

86.8%

13.2%

Fixed assets €93k▼ 1.8%

Current assets €14k▲ 125%

Equity and liabilities €107k

96.9%

Equity €104k▲ 6.5%

Debt €3k▼ 4.8%

The debt ratio falls from 3.5% to 3.1%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€8k▲

2023 · €5k

Cash flow

€8k▲

2023 · €5k

Solvency

96.9%▲

2023 · 96.5%

Current ratio

4.20▲

2023 · 1.77

Quick ratio

4.20▲

2023 · 1.77

Debt / equity

0.03▼

2023 · 0.04

ROE

6.1%▲

2023 · 3.6%

ROA

5.9%▲

2023 · 3.4%

Interest coverage

63.42▲

2023 · 38.34

Debt

€3k▼

2023 · €4k

Debt ≤ 1 year

€3k▼

2023 · €4k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€101k€107k▲

Fixed assets21/28€95k€93k▼

Tangible fixed assets22/27€78k€77k▼

Land and buildings22€65k€65k=

Plant, machinery and equipment23€13k€12k▼

Financial fixed assets28€16k€16k▲

Current assets29/58€6k€14k▲

Amounts receivable within one year40/41€5k€14k▲

Trade receivables40€5k€14k▲

Cash at bank and in hand54/58€834€530▼

Equity and liabilities

Total equity and liabilities10/49€101k€107k▲

Equity10/15€97k€104k▲

Contributions10/11€62k€62k=

Reserves13€36k€42k▲

Distributable reserves133€36k€42k▲

Amounts payable17/49€4k€3k▼

Amounts payable within one year42/48€4k€3k▼

Trade debts44€653€647▼

Suppliers440/4€653€647▼

Advances received on contracts in progress46€0-

Taxes, remuneration and social security45€3k€3k▼

Taxes450/3€3k€3k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=

Other operating charges640/8€548€560▲

Gross operating margin9900€6k€9k▲

Operating profit (loss)9901€4k€6k▲

Financial income75/76B€67€32▼

Recurring financial income75€67€32▼

Financial charges65/66B€137€129▼

Recurring financial charges65€137€129▼

Profit (loss) for the period before taxes9903€3k€6k▲

Profit (loss) for the period9904€3k€6k▲

Profit (loss) for the period to be appropriated9905€3k€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€3k€6k▲

Transfer from equity791/2€0-

Transfer to equity691/2€3k€6k▲

To other reserves6921€3k€6k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 16Financial 5Gazette 1Filings 10

2026

11-09

State Gazette act General meeting · Merger

General meeting · Merger · Dissolution6 facts ▸

General meeting, 2026-08-05
Merger, absorption, 2026-05-28
Dissolution, 2026-08-05
Accounting effect, 2026-01-01
Power of attorney, J.K.
Power of attorney, Titeca Pro Accountants & Experts Oostende

2025

20-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity doublescurrent ratio 4.20

Current ratio from 1.77 to 4.20; short-term debt falls from €4k to €3k.

31-12

Financial Equity above €100kEq €104k ▲6.5%

2 profitable years in a row build equity to €104k.

06-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €3k

Net result €3k after 4 loss-making years.

31-12

Financial Liquidity triplescurrent ratio 1.77

Current ratio from 0.61 to 1.77; short-term debt falls from €6k to €4k.

09-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

21-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

25-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

17-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 48 days late

2019

31-12

Financial Weakest financial yearnet €-30k ▼394%

Net result drops to €-30k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

2017

27-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 58 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2019

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-12-2019 Resigned as Director

Location & real-estate footprint

Registered office, Zwalm

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.

Gaverbosdreef(Munk) 259630 Zwalm

Ground area

1,764 m²

Building footprint

607 m²

Volume, LiDAR

3,403 m³