ACTIVE

SW+

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
3,6 M €
+851.8% YoY
Revenue
24,2 M €
+5.6% YoY
Equity
67 M €
+4.4% YoY
Workforce
56,5 ETP
-1.2% YoY

What does SW+ do?

SW+ is a Private limited company incorporated in 1923. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Kortrijk. It employs on average 56,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0405.342.610
Incorporation
17/05/1923
Legal form
Private limited company
Registered office
Damastweversstraat(Kor) 3
8500 Kortrijk · FlandreSee on map
Contributed capital
108 592,00 €
Latest accounts
31/12/2025
Average workforce
56,5 ETP
Activities (NACE)
68202Rental and operating of own or leased real estate· main68202Rental and operating of own or leased real estate70202Management consultancy activities68100Buying and selling of own real estate68110Buying and selling of own real estate68203Rental and operating of own or leased real estate+1
Joint committees (2)
  • 339
  • 33901
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue24,2 M €22,9 M €22,9 M €15,8 M €20,1 M €10,9 M €16 M €11,1 M €9,6 M €4,4 M €4,7 M €4,8 M €4,6 M €4,5 M €4,4 M €4,5 M €4,7 M €4,1 M €4 M €3,9 M €
EBITDA12,9 M €9,3 M €8,8 M €4,9 M €6,9 M €6,1 M €6,3 M €5,9 M €4,1 M €2 M €2,3 M €2,4 M €2,2 M €2,3 M €2,2 M €2,2 M €2,4 M €2,1 M €1,9 M €1,6 M €
Operating result4,2 M €998,5 k €1,4 M €-352,2 k €1,8 M €827,6 k €1,3 M €1,6 M €170,3 k €69 k €642,5 k €1,1 M €1,3 M €1,4 M €1,3 M €1,3 M €1,5 M €1,3 M €1,1 M €864,6 k €
Net result3,6 M €380 k €718 k €-815,8 k €1,1 M €55,9 k €362,8 k €410 k €-1,1 M €-390,2 k €-10,1 k €822,2 k €749,6 k €267,4 k €430,3 k €745,6 k €950,7 k €810,1 k €222,1 k €165,4 k €
Balance sheet
Equity67 M €64,1 M €60,9 M €44,5 M €44,9 M €39,1 M €38,7 M €37,4 M €36,8 M €19,6 M €15,4 M €15,1 M €14,2 M €13,5 M €13,2 M €12,7 M €12 M €11 M €10,1 M €9,9 M €
Total assets401,7 M €392,3 M €361,6 M €256 M €257,7 M €249,6 M €235,7 M €223,2 M €204,8 M €106,7 M €93,1 M €85,4 M €67,7 M €57,9 M €46,9 M €40,1 M €39,7 M €38,8 M €37,6 M €37,4 M €
Cash6,6 M €6,8 M €5,1 M €5,9 M €7,2 M €1,5 M €6,1 M €7,6 M €8,4 M €2,6 M €1,3 M €2,6 M €2,7 M €2,9 M €2,8 M €2,6 M €2,4 M €1,7 M €938,7 k €723,8 k €
Debts329,7 M €323,2 M €295,3 M €206,7 M €207,5 M €204,8 M €191,2 M €179 M €162,1 M €84,2 M €75 M €68,1 M €51,5 M €42,5 M €32 M €25,6 M €25,9 M €26,2 M €25,8 M €25,9 M €
Other
Workforce56,5 ETP57,2 ETP56,6 ETP13,0 ETP12,6 ETP13,5 ETP15,9 ETP17,1 ETP12,7 ETP8,9 ETP8,2 ETP7,4 ETP6,2 ETP5,7 ETP6,3 ETP5,8 ETP5,9 ETP8,2 ETP12,2 ETP17,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 24 active · 114 ended

Active mandates

Alain Cnudde

Director · since 20 mai 2025 · until 20 mai 2030

Active
Anaïs de Bethune

Director · since 20 mai 2025 · until 20 mai 2030

Active
Bram Deltour

Director · since 20 mai 2025 · until 20 mai 2030

Active
Emile Declercq

Director · since 20 mai 2025 · until 20 mai 2030

Active
Jeppe Remy

Director · since 20 mai 2025 · until 20 mai 2030

Active
Liesbeth D'hondt

Director · since 20 mai 2025 · until 20 mai 2030

Active
Marie De Clerck

Director · since 20 mai 2025 · until 20 mai 2030

Active
Mike Verslijpe

Director · since 20 mai 2025 · until 20 mai 2030

Active
Pieter Soens

Director · since 20 mai 2025 · until 20 mai 2030

Active
Tiene Castelein

Director · since 15 février 2024 · until 20 mai 2030

Active
Christiane Loosvelt

Vice-chairman of the board of directors · since 09 juin 2023 · until 20 mai 2030

Active
Eef Vandenbogaerde

Director · since 09 juin 2023 · until 20 mai 2025

Active
Jeroen David

Director · since 09 juin 2023 · until 20 mai 2030

Active
Luc Lannoy

Director · since 09 juin 2023 · until 20 mai 2025

Active
Mathieu Desmet

Director · since 09 juin 2023 · until 20 mai 2030

Active
Nawal Maghroud

Director · since 09 juin 2023 · until 20 mai 2025

Active
Philippe De Coene

Director · since 09 juin 2023 · until 20 mai 2025

Active
Trui Steenhoudt

Director · since 09 juin 2023 · until 20 mai 2025

Active
Vicky Claeys

Director · since 09 juin 2023 · until 20 mai 2025

Active
Wilfried Vanneste

Director · since 09 juin 2023 · until 20 mai 2030

Active
Koen Byttebier

Director · since 30 mai 2022 · until 20 mai 2025

Active
Maxim Veys

Director · since 30 mai 2022 · until 20 mai 2025

Active
Mohamed Ahouna

Director · since 30 mai 2022 · until 20 mai 2025

Active
Veronique Decaluwe

Chairman of the board of directors · since 30 mai 2022 · until 20 mai 2030

Active

Ended mandates

Tiene Castelein

Director · since 15 février 2024 · until 20 mai 2025

Ended
Christiane Loosvelt

Vice-chairman of the board of directors · since 09 juin 2023 · until 20 mai 2025

Ended
Christiane Loosvelt

Vice-chairman of the board of directors · since 09 juin 2023 · until 15 mai 2029

Ended
Eef Vandenbogaerde

Director · since 09 juin 2023 · until 15 mai 2029

Ended
At this address

Other companies at this address

CompanyCBE no.
De Poort vzw, voor wonen en werk● Active
0432.220.320
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/05/202602/06/202522/07/202428/06/202320/06/202225/11/2021
General meeting19/05/202620/05/202521/05/202430/05/202330/05/202231/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

23 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/05/202629/05/2026DutchPDF
Full model31/12/202420/05/202502/06/2025DutchPDF
Full model31/12/202321/05/202422/07/2024DutchPDF
Full model31/12/202230/05/202328/06/2023DutchPDF
Full model31/12/202130/05/202220/06/2022DutchPDF
Full modelCorrection31/12/202031/05/202125/11/2021DutchPDF
Full model31/12/202031/05/202122/06/2021DutchPDF
Full modelCorrection31/12/201925/06/202030/11/2021DutchPDF
Full model31/12/201925/06/202014/07/2020DutchPDF
Full model31/12/201824/06/201908/07/2019DutchPDF
Full modelCorrection31/12/201712/06/201818/01/2019DutchPDF
Full model31/12/201712/06/201810/07/2018DutchPDF
Full model31/12/201628/03/201726/04/2017DutchPDF
Full model31/12/201531/05/201629/06/2016DutchPDF
Full model31/12/201426/05/201524/06/2015DutchPDF
Full model31/12/201302/06/201430/06/2014DutchPDF
Full model31/12/201213/06/201310/07/2013DutchPDF
Full model31/12/201112/06/201206/07/2012DutchPDF
Full model31/12/201007/06/201106/07/2011DutchPDF
Full model31/12/200915/06/201013/07/2010DutchPDF
Full model31/12/200826/05/200903/06/2009DutchPDF
Full model31/12/200728/05/200819/06/2008DutchPDF
Full model31/12/200614/06/200713/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 24 active · 114 ended

Active mandates

Alain Cnudde

Director · since 20 mai 2025 · until 20 mai 2030

Active
Anaïs de Bethune

Director · since 20 mai 2025 · until 20 mai 2030

Active
Bram Deltour

Director · since 20 mai 2025 · until 20 mai 2030

Active
Emile Declercq

Director · since 20 mai 2025 · until 20 mai 2030

Active
Jeppe Remy

Director · since 20 mai 2025 · until 20 mai 2030

Active
Liesbeth D'hondt

Director · since 20 mai 2025 · until 20 mai 2030

Active
Marie De Clerck

Director · since 20 mai 2025 · until 20 mai 2030

Active
Mike Verslijpe

Director · since 20 mai 2025 · until 20 mai 2030

Active
Pieter Soens

Director · since 20 mai 2025 · until 20 mai 2030

Active
Tiene Castelein

Director · since 15 février 2024 · until 20 mai 2030

Active
Christiane Loosvelt

Vice-chairman of the board of directors · since 09 juin 2023 · until 20 mai 2030

Active
Eef Vandenbogaerde

Director · since 09 juin 2023 · until 20 mai 2025

Active
Jeroen David

Director · since 09 juin 2023 · until 20 mai 2030

Active
Luc Lannoy

Director · since 09 juin 2023 · until 20 mai 2025

Active
Mathieu Desmet

Director · since 09 juin 2023 · until 20 mai 2030

Active
Nawal Maghroud

Director · since 09 juin 2023 · until 20 mai 2025

Active
Philippe De Coene

Director · since 09 juin 2023 · until 20 mai 2025

Active
Trui Steenhoudt

Director · since 09 juin 2023 · until 20 mai 2025

Active
Vicky Claeys

Director · since 09 juin 2023 · until 20 mai 2025

Active
Wilfried Vanneste

Director · since 09 juin 2023 · until 20 mai 2030

Active
Koen Byttebier

Director · since 30 mai 2022 · until 20 mai 2025

Active
Maxim Veys

Director · since 30 mai 2022 · until 20 mai 2025

Active
Mohamed Ahouna

Director · since 30 mai 2022 · until 20 mai 2025

Active
Veronique Decaluwe

Chairman of the board of directors · since 30 mai 2022 · until 20 mai 2030

Active

Ended mandates

Tiene Castelein

Director · since 15 février 2024 · until 20 mai 2025

Ended
Christiane Loosvelt

Vice-chairman of the board of directors · since 09 juin 2023 · until 20 mai 2025

Ended
Christiane Loosvelt

Vice-chairman of the board of directors · since 09 juin 2023 · until 15 mai 2029

Ended
Eef Vandenbogaerde

Director · since 09 juin 2023 · until 15 mai 2029

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/09/2026
    Herbenoeming commissaris
    PDF
  • Other22/05/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates25/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares01/10/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates15/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring14/07/2025
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares18/06/2025
    KAPITAAL - AANDELEN - DIVERSEN
    PDF
  • Restructuring28/04/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20253,6 M €↑
  2. 01/09/2025
    nominationThomas Raes — algemeen directeur
  3. 30/06/2025
    reduction_capital
  4. 20/05/2025
    reconductionMathieu Desmet — bestuurder
  5. 20/05/2025
    nominationMarie De Clerck — bestuurder
  6. 20/05/2025
    reconductionWilfried Vanneste — bestuurder
  7. 20/05/2025
    reconductionChristiane Loosvelt — Ondervoorzitter
  8. 20/05/2025
    nominationBram Deltour — bestuurder
  9. 20/05/2025
    nominationEmile Declercq — bestuurder
  10. 20/05/2025
    reconductionVeronique Decaluwé — Voorzitter
  11. 20/05/2025
    reconductionJeroen David — bestuurder
  12. 20/05/2025
    nominationPieter Soens — bestuurder
  13. 20/05/2025
    nominationLiesbeth D'hondt — bestuurder
  14. 20/05/2025
    nominationJeppe Remy — bestuurder
  15. 20/05/2025
    nominationAlain Cnudde — bestuurder
  16. 01/01/2025
    split
  17. 2024
    Annual accounts 2024380 k €↓
  18. 2023
    Annual accounts 2023718 k €↑
  19. 30/06/2023
    cessionHANSON Lutgarde
  20. 30/05/2023
    nominationNV CALLENS VANDELANOTTE — commissaris
  21. 2023
    Name changeSW+
  22. 01/01/2023
    split
  23. 2022
    Annual accounts 2022-815,8 k €↓
  24. 01/12/2022
    nominationKarel Maddens — waarnemend directeur
  25. 01/12/2022
    nominationThomas Raes — waarnemend directeur
  26. 30/05/2022
    reconductionAchrifi Hayat
  27. 30/05/2022
    reconductionAhouna Mohamed
  28. 30/05/2022
    reconductionAllijns Wouter
  29. 30/05/2022
    reconductionAslanyan Madien
  30. 30/05/2022
    reconductionByttebier Koen
  31. 30/05/2022
    reconductionCraeynest Mario
  32. 30/05/2022
    reconductionDecaluwé Veronique — voorzitter
  33. 30/05/2022
    reconductionDewaele Charka
  34. 30/05/2022
    reconductionSoens Rik
  35. 30/05/2022
    reconductionVandenbussche Annelies
  36. 30/05/2022
    reconductionVerdin Christian
  37. 30/05/2022
    reconductionVermeersch Matthys
  38. 30/05/2022
    reconductionVeys Maxim
  39. 2021
    Annual accounts 20211,1 M €↑
  40. 2021
    Name changeWONEN REGIO KORTRIJK
  41. 2020
    Annual accounts 202055,9 k €↓
  42. 2019
    Annual accounts 2019362,8 k €↓
  43. 2018
    Annual accounts 2018410 k €↑
  44. 2017
    Annual accounts 2017-1,1 M €↓
  45. 2016
    Annual accounts 2016-390,2 k €↓
  46. 2015
    Annual accounts 2015-10,1 k €↓
  47. 2014
    Annual accounts 2014822,2 k €↑
  48. 2013
    Annual accounts 2013749,6 k €↑
  49. 2012
    Annual accounts 2012267,4 k €↓
  50. 2011
    Annual accounts 2011430,3 k €↓
  51. 2010
    Annual accounts 2010745,6 k €↓
  52. 2009
    Annual accounts 2009950,7 k €↑
  53. 2008
    Annual accounts 2008810,1 k €↑
  54. 2007
    Annual accounts 2007222,1 k €↑
  55. 2006
    Annual accounts 2006165,4 k €
  56. 17/05/1923
    IncorporationPrivate limited company