ACTIVE

BEL-SWAN

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

230,8 €

-98.7% YoY

Gross margin

20,5 k €

-47.3% YoY

Equity

360,6 k €

+0.1% YoY

What does BEL-SWAN do?

BEL-SWAN is a Public limited company incorporated in 1986. Its main activity is: Wholesale of machine tools. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.194.613

Incorporation

06/08/1986

Legal form

Public limited company

Registered office

Lammergierstraat 4
2100 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46620Wholesale of machine tools· main 46620Wholesale of machine tools 51810Air transport 47540Retail sale of electrical household appliances in specialised stores 47540Retail sale of electrical household appliances in specialised stores 52450Warehousing and support activities for transportation

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	20,5 k €	-47.3%	38,8 k €	-24.6%	51,5 k €	-15.1%	60,7 k €	+6.9%	56,7 k €	+7.8%	52,6 k €	-24.4%	69,7 k €	+2.4%	68 k €	+75.3%	38,8 k €	-54.9%	86 k €	+117%	39,6 k €	+33.3%	29,7 k €	-19.4%	36,8 k €	-15.9%	43,8 k €	-12.1%	49,8 k €	-6.5%	53,3 k €	+53.7%	34,7 k €	+1.2%	34,3 k €	-38.6%	55,8 k €	+91.9%	29,1 k €
EBITDA	19,4 k €	-48.7%	37,8 k €	-25.4%	50,7 k €	-14.6%	59,4 k €	+9.3%	54,3 k €	+5.7%	51,4 k €	-25.0%	68,5 k €	+2.5%	66,8 k €	+83.1%	36,5 k €	-38.5%	59,3 k €	+59.6%	37,2 k €	+32.4%	28,1 k €	-21.2%	35,6 k €	-16.1%	42,4 k €	-10.1%	47,2 k €	-8.8%	51,7 k €	+56.8%	33 k €	+0.9%	32,7 k €	-39.7%	54,2 k €	+115%	25,2 k €
Operating result	4 k €	-81.5%	21,8 k €	-37.2%	34,7 k €	-37.7%	55,7 k €	+8.4%	51,4 k €	+29.5%	39,7 k €	-29.7%	56,4 k €	+3.5%	54,5 k €	+126%	24,1 k €	-48.4%	46,8 k €	+81.6%	25,8 k €	+45.3%	17,7 k €	-29.4%	25,1 k €	-21.0%	31,8 k €	-10.6%	35,5 k €	-13.1%	40,9 k €	+79.3%	22,8 k €	+1.4%	22,5 k €	-49.4%	44,5 k €	+198%	14,9 k €
Net result	230,8 €	-98.7%	17,5 k €	-27.7%	24,2 k €	-34.3%	36,8 k €	+8.1%	34,1 k €	+40.1%	24,3 k €	-39.3%	40,1 k €	+10.6%	36,2 k €	+225%	11,1 k €	-59.4%	27,4 k €	+19.4%	23 k €	+168%	8,6 k €	-48.0%	16,5 k €	-16.9%	19,9 k €	-10.6%	22,2 k €	-11.6%	25,2 k €	+104%	12,3 k €	-15.2%	14,6 k €	-48.9%	28,5 k €	+231%	8,6 k €
Balance sheet
Equity	360,6 k €	+0.1%	360,4 k €	+2.5%	351,5 k €	+7.4%	327,3 k €	+3.8%	315,3 k €	+12.1%	281,2 k €	+9.5%	256,9 k €	+13.3%	226,8 k €	+2.8%	220,6 k €	+5.3%	209,4 k €	+15.1%	182 k €	+14.5%	159 k €	+5.7%	150,4 k €	+12.3%	133,9 k €	+0.7%	133 k €	+0.2%	132,8 k €	+0.9%	131,6 k €	+0.3%	131,3 k €	+5.3%	124,7 k €	+0.4%	124,3 k €
Total assets	382,7 k €	-1.1%	386,8 k €	-2.4%	396,3 k €	+9.8%	360,9 k €	+6.1%	340,3 k €	+13.4%	300,2 k €	-8.4%	327,6 k €	-3.5%	339,4 k €	+14.0%	297,7 k €	+2.6%	290,2 k €	+13.5%	255,8 k €	+40.8%	181,7 k €	+1.6%	178,8 k €	-24.5%	236,7 k €	+15.8%	204,4 k €	-12.2%	232,9 k €	+36.0%	171,2 k €	-3.2%	176,8 k €	-8.1%	192,4 k €	+22.7%	156,8 k €
Cash	171,5 k €	+142%	70,8 k €	-41.0%	119,9 k €	-38.0%	193,5 k €	-13.9%	224,6 k €	+2.0%	220,1 k €	+32.1%	166,7 k €	+60.6%	103,8 k €	+28.2%	81 k €	-21.4%	103 k €	+135%	43,8 k €	-32.1%	64,6 k €	+10.8%	58,3 k €	-36.8%	92,2 k €	-15.8%	109,5 k €	+33.9%	81,7 k €	-1.9%	83,3 k €	-8.3%	90,9 k €	-4.8%	95,4 k €	+66.4%	57,4 k €
Debts	22 k €	-16.6%	26,4 k €	-41.1%	44,9 k €	+33.4%	33,6 k €	+36.7%	24,6 k €	+35.7%	18,1 k €	-74.3%	70,5 k €	-37.4%	112,5 k €	+46.0%	77,1 k €	-4.6%	80,8 k €	+9.5%	73,8 k €	+225%	22,7 k €	-18.9%	28 k €	-72.8%	102,8 k €	+44.6%	71,1 k €	-28.9%	100 k €	+158%	38,7 k €	-14.8%	45,4 k €	-32.8%	67,6 k €	+107%	32,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

Ronny Maas

Director · since 22 décembre 2021

Active

Ended mandates

Ad Braat

Managing director · since 01 juin 2020

Ended

Liesbeth Van Hooren

Director · since 01 juin 2020

Ended

Ronny Maas

Director · since 01 juin 2020

Ended

Ad Braat

Managing director · since 02 juin 2014

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/06/2026	03/07/2025	29/06/2024	04/07/2023	23/06/2022	01/07/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	04/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	29/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	12/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	18/06/2018	Dutch	PDF
Abridged model	31/12/2016	05/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	13/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 active · 15 ended

Active mandates

Ronny Maas

Director · since 22 décembre 2021

Active

Ended mandates

Ad Braat

Managing director · since 01 juin 2020

Ended

Liesbeth Van Hooren

Director · since 01 juin 2020

Ended

Ronny Maas

Director · since 01 juin 2020

Ended

Ad Braat

Managing director · since 02 juin 2014

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/02/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other10/05/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/07/2008
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025230,8 €↓
2024
Annual accounts 202417,5 k €↓
2023
Annual accounts 202324,2 k €↓
2022
Annual accounts 202236,8 k €↑
2021
Annual accounts 202134,1 k €↑
2020
Annual accounts 202024,3 k €↓
2019
Annual accounts 201940,1 k €↑
2018
Annual accounts 201836,2 k €↑
2017
Annual accounts 201711,1 k €↓
2016
Annual accounts 201627,4 k €↑
2015
Annual accounts 201523 k €↑
2014
Annual accounts 20148,6 k €↓
2013
Annual accounts 201316,5 k €↓
2012
Annual accounts 201219,9 k €↓
2011
Annual accounts 201122,2 k €↓
2010
Annual accounts 201025,2 k €↑
2009
Annual accounts 200912,3 k €↓
2008
Annual accounts 200814,6 k €↓
2007
Annual accounts 200728,5 k €↑
2006
Annual accounts 20068,6 k €
06/08/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BEL-SWAN

Overview

What does BEL-SWAN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline