AUTOSWITCH
ActiveSummary
The computed 12-month bankruptcy probability of AUTOSWITCH is 1.5% (moderate). The 2024 annual accounts show equity of €253k and a net result of €33k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 9038 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability53▼-31
Solvency65▲+10
Growth78=
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.39 in 2023; short-term debt: 60% and cash: 24.1% of total assets), and 60.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
64 d early
2022
11 d early
2021
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€253k▲ 14.8%
2023 · €220k
2021: €74k
2022: €131k
2023: €220k
2021 → 2024
Total assets
€633k▼ 13.6%
2023 · €733k
2021: €286k
2022: €510k
2023: €733k
2021 → 2024
Net result
€33k▼ 63.2%
2023 · €89k
2021: €24k
2022: €58k
2023: €89k
2021 → 2024
Working capital
€183k▼ 9.8%
2023 · €202k
2021: €57k
2022: €116k
2023: €202k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€74k-€131k▲ 78.4%€220k▲ 67.6%€253k▲ 14.8%
Operating result€30k-€79k▲ 165%€125k▲ 57.0%€64k▼ 48.7%
Net result€24k-€58k▲ 145%€89k▲ 53.8%€33k▼ 63.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 49% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €633k
Fixed assets
€71k ▲ 304%
Current assets
€563k ▼ 21.4%
Equity and liabilities €633k
Equity
€253k ▲ 14.8%
Debt
€381k ▼ 25.8%
Debt's share of the balance-sheet total falls from 70.0% to 60.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76k▼
2023 · €130k
Cash flow
€44k▼
2023 · €94k
Current ratio
1.48▲
2023 · 1.39
Quick ratio
0.50▲
2023 · 0.36
Debt to equity
1.51▼
2023 · 2.33
ROE
12.9%▼
2023 · 40.3%
ROA
5.1%▼
2023 · 12.1%
Interest coverage
3.39▼
2023 · 10.79
Debt ≤ 1 year
€380k▼
2023 · €513k
Income taxes
€9k▼
2023 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€733k€633k▼
Fixed assets21/28€18k€71k▲
Intangible fixed assets21€703€353▼
Tangible fixed assets22/27€17k€70k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€58k
Other tangible fixed assets26€17k€11k▼
Current assets29/58€716k€563k▼
Stocks and contracts in progress3€530k€372k▼
Stocks30/36€530k€372k▼
Amounts receivable within one year40/41€30k€30k▲
Trade receivables40€29k€19k▼
Other amounts receivable41€1k€11k▲
Cash at bank and in hand54/58€156k€153k▼
Deferred charges and accrued income490/1€0€7k▲
Equity and liabilities
Total equity and liabilities10/49€733k€633k▼
Equity10/15€220k€253k▲
Contributions10/11€50k€50k=
Profit (loss) carried forward14€170k€203k▲
Amounts payable17/49€513k€381k▼
Amounts payable within one year42/48€513k€380k▼
Financial debts43€450k€255k▼
Credit institutions430/8€450k€255k▼
Trade debts44€0€72k▲
Suppliers440/4€0€72k▲
Taxes, remuneration and social security45€63k€53k▼
Taxes450/3€63k€53k▼
Other amounts payable47/48-€20
Accrued charges and deferred income492/3-€800
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€132k€78k▼
Operating profit (loss)9901€125k€64k▼
Financial income75/76B€30€85▲
Recurring financial income75€30€85▲
Financial charges65/66B€12k€22k▲
Recurring financial charges65€12k€22k▲
Profit (loss) for the period before taxes9903€113k€42k▼
Income taxes67/77€24k€9k▼
Profit (loss) for the period9904€89k€33k▼
Profit (loss) for the period to be appropriated9905€89k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€170k€203k▲
Profit (loss) brought forward from the previous period14P€81k€170k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €89k ▲53.8%
Operating result €125k, net result €89k, both a record.
31-12
Financial
Equity above €200kEq €220k ▲67.6%
3 profitable years in a row build equity to €220k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €131k ▲78.4%
2 profitable years in a row build equity to €131k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Merelbeke-Melle · 1 establishment unit since 2021
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.
Hundelgemsesteenweg 318A9820 Merelbeke-MelleGround area
1,223 m²
Building footprint
325 m²
Volume, LiDAR
1,753 m³
Parcel 44043A0142/00B002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AUTOSWITCH
since 20212.311.236.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0142/00B002 | Flanders | 1,223 m² | 1 · 324 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 74 EUR awarded · 74 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 74 EUR | 74 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,420 companies in sector 46180 we hold annual accounts for 1,886. 1,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.