NORMAL SITUATION

ZWALMKOETS

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Financial year 2025 · closed on 31/12/2025

Net result

16 k €

+152.0% YoY

Gross margin

16,6 k €

+90.1% YoY

Equity

119,8 k €

+15.4% YoY

Company — Normal situation.

Strike-off: 04 septembre 2026

What does ZWALMKOETS do?

ZWALMKOETS is a Private limited company incorporated in 1994.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.261.303

Incorporation

22/08/1994

Legal form

Private limited company

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	16,6 k €	+90.1%	8,7 k €	+50.0%	5,8 k €	-33.5%	8,7 k €	-5.8%	9,3 k €	+197%	-9,5 k €	-202%	9,3 k €	-60.5%	23,6 k €	-10.5%	26,3 k €	+12.6%	23,4 k €	-7.4%	25,3 k €	-5.7%	26,8 k €	+1.3%	26,5 k €	-0.8%	26,7 k €	-1.0%	26,9 k €	+5.6%	25,5 k €	+13.9%	22,4 k €	-12.9%	25,7 k €
EBITDA	16 k €	+96.0%	8,2 k €	+55.0%	5,3 k €	+1.4%	5,2 k €	+270%	1,4 k €	+114%	-10 k €	-258%	6,3 k €	-71.4%	22,2 k €	-12.1%	25,2 k €	+9.8%	23 k €	-3.2%	23,7 k €	-5.6%	25,1 k €	-1.2%	25,4 k €	+9.9%	23,1 k €	-12.7%	26,5 k €	+6.3%	24,9 k €	+17.0%	21,3 k €	-16.7%	25,6 k €
Operating result	16 k €	+148%	6,4 k €	+81.5%	3,6 k €	+7066%	-51 €	+99.0%	-5 k €	+68.0%	-15,6 k €	+47.6%	-29,7 k €	-333%	12,7 k €	-44.1%	22,8 k €	+50.0%	15,2 k €	-30.5%	21,9 k €	+11.5%	19,6 k €	-3.6%	20,3 k €	+12.7%	18 k €	-22.5%	23,3 k €	+13.2%	20,6 k €	+8.3%	19 k €	-10.0%	21,1 k €
Net result	16 k €	+152%	6,4 k €	+82.4%	3,5 k €	+2297%	-158,6 €	+97.0%	-5,2 k €	+66.6%	-15,7 k €	+47.9%	-30,1 k €	-394%	10,2 k €	-19.3%	12,7 k €	+20.8%	10,5 k €	-28.4%	14,7 k €	+10.7%	13,2 k €	-6.0%	14,1 k €	+20.0%	11,7 k €	-29.0%	16,6 k €	+10.4%	15 k €	-2.9%	15,4 k €	-6.6%	16,5 k €
Balance sheet
Equity	119,8 k €	+15.4%	103,8 k €	+6.5%	97,5 k €	+3.7%	94 k €	-0.2%	94,2 k €	-5.3%	99,4 k €	-13.6%	115,1 k €	-20.7%	145,2 k €	+7.6%	135 k €	+10.4%	122,3 k €	+9.4%	111,8 k €	+15.1%	97,1 k €	+15.8%	83,9 k €	+20.2%	69,8 k €	-43.3%	123 k €	+15.5%	106,5 k €	+16.4%	91,5 k €	-48.0%	176,1 k €
Total assets	120 k €	+11.9%	107,2 k €	+6.1%	101 k €	+0.9%	100,2 k €	-10.1%	111,4 k €	-7.4%	120,2 k €	-0.8%	121,2 k €	-49.1%	238,2 k €	+9.4%	217,7 k €	+13.8%	191,3 k €	+14.1%	167,7 k €	+18.2%	141,9 k €	+11.6%	127,1 k €	-20.9%	160,8 k €	-4.3%	168 k €	+20.0%	140 k €	-47.0%	264,1 k €	+24.8%	211,7 k €
Cash	758,5 €	+43.0%	530,5 €	-36.4%	834,2 €	-76.8%	3,6 k €	-59.9%	9 k €	+612%	1,3 k €	+1.7%	1,2 k €	-98.3%	72,4 k €	+576%	10,7 k €	-48.5%	20,8 k €	-69.7%	68,6 k €	+98.6%	34,6 k €	-45.1%	62,9 k €	-46.3%	117,3 k €	+32.2%	88,7 k €	+52.5%	58,2 k €	-69.1%	188,2 k €	+126%	83,1 k €
Debts	116,2 €	-96.6%	3,4 k €	-4.8%	3,5 k €	-42.5%	6,2 k €	-64.2%	17,2 k €	-17.4%	20,8 k €	+239%	6,2 k €	-93.4%	93 k €	+12.4%	82,7 k €	+19.9%	69 k €	+23.4%	55,9 k €	+24.9%	44,8 k €	+3.5%	43,2 k €	-52.5%	91 k €	+102%	44,9 k €	+34.0%	33,5 k €	-80.6%	172,6 k €	+385%	35,6 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

J.K.

Director · since 01 janvier 2020 · 0738.779.714

Represented by Kenny Kindekens

Active

Ended mandates

J.K.

Director · since 01 janvier 2020 · 0738.779.714

Represented by Vercaemer JEROEN

Ended

J.K.

Mandate · since 01 janvier 2020 · 0738.779.714

Represented by Jeroen Vercaemer

Ended

Werner Tytgat

Mandate · since 04 juin 1999

Ended

Werner Tytgat

Manager · since 04 juin 1999

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	29/06/2026	20/06/2025	06/06/2024	09/06/2023	21/06/2022	25/06/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/05/2026	29/06/2026	Dutch	PDF
Micro model	31/12/2024	31/05/2025	20/06/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	06/06/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	09/06/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	29/05/2021	25/06/2021	Dutch	PDF
Micro model	31/12/2019	04/09/2020	17/09/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 7 ended

Active mandates

J.K.

Director · since 01 janvier 2020 · 0738.779.714

Represented by Kenny Kindekens

Active

Ended mandates

J.K.

Director · since 01 janvier 2020 · 0738.779.714

Represented by Vercaemer JEROEN

Ended

J.K.

Mandate · since 01 janvier 2020 · 0738.779.714

Represented by Jeroen Vercaemer

Ended

Werner Tytgat

Mandate · since 04 juin 1999

Ended

Werner Tytgat

Manager · since 04 juin 1999

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring11/09/2026
MET FUSIE DOOR OVERNEMING GELIJKGESTELDE VERRICHTING —
PDF
Restructuring08/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other16/12/2022
WIJZIGING RECHTSVORM
PDF
Mandates04/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/01/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202516 k €↑
2024
Annual accounts 20246,4 k €↑
2023
Annual accounts 20233,5 k €↑
2022
Annual accounts 2022-158,6 €↑
2021
Annual accounts 2021-5,2 k €↑
2020
Annual accounts 2020-15,7 k €↑
2019
Annual accounts 2019-30,1 k €↓
2018
Annual accounts 201810,2 k €↓
2017
Annual accounts 201712,7 k €↑
2016
Annual accounts 201610,5 k €↓
2015
Annual accounts 201514,7 k €↑
2014
Annual accounts 201413,2 k €↓
2013
Annual accounts 201314,1 k €↑
2012
Annual accounts 201211,7 k €↓
2011
Annual accounts 201116,6 k €↑
2010
Annual accounts 201015 k €↓
2009
Annual accounts 200915,4 k €↓
2008
Annual accounts 200816,5 k €
22/08/1994
IncorporationPrivate 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

ZWALMKOETS

Overview

What does ZWALMKOETS do?

Trend over 18 financial years

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