AN SWAT
ActiveThe computed 12-month bankruptcy probability of AN SWAT is 2.3% (moderate). The 2025 annual accounts show equity of €18k and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 13090 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+36
Solvency36▲+12
Growth64▲+24
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.71 in 2024; short-term debt: 88.2% and cash: 49.3% of total assets), and 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.2%
Return on assets
11.7%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
16 d early
2024
6 d late
2023
14 d late
2022
22 d late
2021
4 d early
2020
47 d late
2019
67 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.15M▼ 22.4%
2024 · €1.48M
2019: €1.06M
2020: €1.04M
2021: €1.40M
2023: €1.51M
2024: €1.48M
2019 → 2025
EBIT margin
2.3%▲ 2.4pp
2024 · -0.1%
2019: 0.9%
2020: 0.8%
2021: 0.7%
2023: -0.9%
2024: -0.1%
2019 → 2025
Net result
€18k
2024 · €-5k
2019: €2k
2020: €8k
2021: €6k
2022: €-792
2023: €-16k
2024: €-5k
2019 → 2025
Working capital
€-61k▼ 67.1%
2024 · €-37k
2019: €2k
2020: €4k
2021: €9k
2022: €-13k
2023: €-30k
2024: €-37k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.40M-€1.51M€1.48M▼ 1.8%€1.15M▼ 22.4%
Equity€21k-€20k▼ 3.7%€4k▼ 78.6%€-793€18k
Operating result€10k-€2k▼ 82.0%€-13k€-2k▲ 87.6%€27k
Net result€6k-€-792€-16k▼ 1,925%€-5k▲ 67.8%€18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€80k▲ 117%
Current assets
€78k▼ 14.6%
Equity and liabilities €157k
Equity
€18k
Debt
€140k
Debt finances 88.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€35k▲
2024 · €8k
Cash flow
€27k▲
2024 · €4k
Solvency
11.2%▲
2024 · -0.6%
Current ratio
0.56▼
2024 · 0.71
Quick ratio
0.56▲
2024 · 0.37
Debt / equity
7.94
ROE
104.5%
ROA
11.7%▲
2024 · -4.1%
Interest coverage
10.55▲
2024 · 2.52
Debt
€140k▲
2024 · €128k
Debt ≤ 1 year
€139k▲
2024 · €127k
Debt > 1 year
€927=
2024 · €927
Income taxes
€5k▲
2024 · €413
Staff costs
€42k▲
2024 · €35k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€127k€157k▲
Fixed assets21/28€37k€80k▲
Intangible fixed assets21-€8k
Tangible fixed assets22/27€31k€66k▲
Furniture and vehicles24€31k€66k▲
Financial fixed assets28€6k€6k=
Current assets29/58€91k€78k▼
Stocks and contracts in progress3€44k-
Stocks30/36€44k-
Amounts receivable within one year40/41€10k-
Trade receivables40€910-
Other amounts receivable41€9k-
Cash at bank and in hand54/58€37k€78k▲
Equity and liabilities
Total equity and liabilities10/49€127k€157k▲
Equity10/15€-793€18k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-9k€10k▲
Amounts payable17/49€128k€140k▲
Amounts payable after more than one year17€927€927=
Financial debts170/4€927€927=
Amounts payable within one year42/48€127k€139k▲
Current portion of amounts payable after more than one year42€11k-
Trade debts44€98k€110k▲
Suppliers440/4€98k€110k▲
Taxes, remuneration and social security45€15k€26k▲
Taxes450/3€15k€12k▼
Remuneration and social security454/9€449€14k▲
Other amounts payable47/48€3k€3k▼
Income statement
Code20242025
Turnover70€1.48M€1.15M▼
Goods, raw materials, services and sundry goods60/61€1.45M€1.08M▼
Remuneration, social security and pensions62€35k€42k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€4k€7k▲
Gross operating margin9900€46k€84k▲
Operating profit (loss)9901€-2k€27k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-5k€23k▲
Income taxes67/77€413€5k▲
Profit (loss) for the period9904€-5k€18k▲
Profit (loss) for the period to be appropriated9905€-5k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€10k▲
Profit (loss) brought forward from the previous period14P€-4k€-9k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after 3 loss-making years.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Menen · 2 establishment units since 2018
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.
Moeskroenstraat 1038930 MenenGround area
766 m²
Building footprint
537 m²
Volume, LiDAR
3,986 m³
2 parcels, Flanders, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
AN SWAT
since 20182.274.397.404
MR CHICKEN
since 20262.381.910.323
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027D0143/00P002 | Flanders | 540 m² | 1 · 402 m² | 11.2 m · 2 fl. |
| 54435G0714/00E000 | Wallonia | 226 m² | 1 · 135 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesMenen2.274.397.404
Mouscron/Moeskroen2.381.910.323
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Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 7,934 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-03-2018
Fiscal year end31-12
Activities, NACEBEL
47260Retail trade
56112Limited-service restaurants, excluding mobile food services
56120Mobile food service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.