ACTIVE

SWARCO Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result1,3 M €-4,3 %over 1 year
Revenue15,6 M €-8,7 %over 1 year
Equity3,8 M €+2,4 %over 1 year
Workforce31,7 ETP+6,0 %over 1 year

Identity

Source · BCE/KBO

SWARCO Belgium is a Public limited company incorporated in 2002. Its main activity is: Wired telecommunications activities. Its registered office is in Anderlecht. It employs on average 31,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0477.899.895
Incorporation
04/07/2002
Legal form
Public limited company
Registered office
Boulevard Paepsem 20
1070 Anderlecht · BruxellesSee on map
Contributed capital
200 000,00 €
Latest accounts
31/12/2025
Average workforce
31,7 ETP
Joint committees (3)
  • 14901
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue15,6 M €17,1 M €13,5 M €11,9 M €9,7 M €
EBITDA2 M €2,7 M €2 M €1,9 M €1,1 M €
Operating result1,9 M €1,7 M €2 M €2 M €1 M €
Net result1,3 M €1,3 M €1,4 M €1,4 M €767,4 k €
Balance sheet
Equity3,8 M €3,7 M €4,3 M €4,1 M €5,7 M €
Total assets11,3 M €10,5 M €9,4 M €12,6 M €11,7 M €
Cash519 k €547,3 k €1 M €1,2 M €3,1 M €
Debts6,9 M €6,2 M €4,9 M €8,1 M €5 M €
Other
Workforce31,7 ETP29,9 ETP29,4 ETP29,2 ETP27,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 28 ended

Active mandates

Danny Asselman

Director · since 02 juin 2021 · until 02 juin 2027

Active
Gerrit Van den Heuvel

Director · since 02 juin 2021 · until 02 juin 2027

Active

Ended mandates

Marc Vlieghe

Director · since 01 septembre 2018 · until 13 juin 2024

Ended
Jeroen Bastijns

Director · since 21 avril 2017 · until 20 mars 2018

Ended
Danny Asselman

Director · since 14 octobre 2015 · until 10 juin 2021

Ended
Danny Asselman

Director · since 14 octobre 2015 · until 25 juin 2021

Ended

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Full financial information

Source · NBB
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 date07/07/202603/07/202504/07/202410/07/202309/06/202230/06/2021
General meeting11/06/202626/06/202513/06/202429/06/202309/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202511/06/202607/07/2026DutchPDF
Full model31/12/202426/06/202503/07/2025DutchPDF
Full model31/12/202313/06/202404/07/2024DutchPDF
Full model31/12/202229/06/202310/07/2023DutchPDF
Full model31/12/202109/06/202209/06/2022DutchPDF
Full model31/12/202025/06/202130/06/2021DutchPDF
Full model31/12/201910/07/202030/07/2020DutchPDF
Full model31/12/201813/06/201917/06/2019DutchPDF
Full model31/12/201714/06/201829/06/2018DutchPDF
Full model31/12/201630/06/201711/07/2017DutchPDF
Full model31/12/201530/06/201609/08/2016DutchPDF
Full model31/12/201429/07/201530/07/2015DutchPDF
Full model31/12/201325/08/201428/08/2014DutchPDF
Full model31/12/201228/06/201319/07/2013DutchPDF
Full model31/12/201130/06/201210/08/2012DutchPDF
Full model31/12/201029/07/201119/08/2011DutchPDF
Full model31/12/200910/06/201009/07/2010DutchPDF
Full model31/12/200811/06/200908/09/2009DutchPDF
Full model31/12/200712/06/200807/07/2008DutchPDF
Full model31/12/200614/06/200713/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 28 ended

Active mandates

Danny Asselman

Director · since 02 juin 2021 · until 02 juin 2027

Active
Gerrit Van den Heuvel

Director · since 02 juin 2021 · until 02 juin 2027

Active

Ended mandates

Marc Vlieghe

Director · since 01 septembre 2018 · until 13 juin 2024

Ended
Jeroen Bastijns

Director · since 21 avril 2017 · until 20 mars 2018

Ended
Danny Asselman

Director · since 14 octobre 2015 · until 10 juin 2021

Ended
Danny Asselman

Director · since 14 octobre 2015 · until 25 juin 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates06/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/03/2022
    BENAMING
    PDF
  • Capital / shares03/03/2022
    KAPITAAL - AANDELEN
    PDF
  • Mandates31/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/02/2021
    DIVERSEN
    PDF
  • Capital / shares12/12/2019
    KAPITAAL - AANDELEN
    PDF

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 20251,3 M €↓
  2. 2024
    Annual accounts 20241,3 M €↓
  3. 2023
    Annual accounts 20231,4 M €↑
  4. 2022
    Annual accounts 20221,4 M €↑
  5. 2021
    Annual accounts 2021767,4 k €↑
  6. 2021
    Name changeSwarco Belgium
  7. 2020
    Annual accounts 2020612,9 k €↓
  8. 2019
    Annual accounts 2019860,5 k €↓
  9. 2018
    Annual accounts 20181,8 M €↑
  10. 2017
    Annual accounts 20171,3 M €↑
  11. 2016
    Annual accounts 20161,3 M €↑
  12. 2016
    Name changeDynniq Belgium
  13. 2015
    Annual accounts 2015-3,2 M €↓
  14. 2014
    Annual accounts 2014480,6 k €↓
  15. 2013
    Annual accounts 20131,4 M €↑
  16. 2012
    Annual accounts 2012975 k €↓
  17. 2011
    Annual accounts 20111 M €↑
  18. 2010
    Annual accounts 2010342,9 k €↑
  19. 2009
    Annual accounts 2009-156,1 k €↑
  20. 2007
    Annual accounts 2007-909,9 k €↑
  21. 2006
    Annual accounts 2006-2,3 M €
  22. 2006
    Name changeIMTECH TELECOM
  23. 04/07/2002
    IncorporationPublic limited company