Equity
€532 from €81,444 in 2017
Equity fell by 99% in 9 years.
CO-WINGS
Lifetime
11 annual accounts with figures on one time axispeak €68,921 (2017)
-€15,469▼ €10,817
lowest -€28,686 (2019)
-€18,932▼ €11,546
peak €81,444 (2017)
€532▼ 97.3%
€15,927▲ 0.7%
Board1 name since 2015
1 directorSWINGS Katherina
Documentsfilings and deeds
29-10-20262 days before the deadline
2026micro format
Gross margin from -€4,652 to -€15,469Loss of €18,932Equity from €19,464 to €532Cash from €28,286 to €5,527
Key points
from the 2026 annual accountsLosses
-€40,442 in four years
Every financial year from 2023 to 2026 closed with a loss. 2026 was the heaviest.
Debts
€15,927 97% of the balance sheet
Financial debts 1%Suppliers 51%Taxes and wages 15%Other 33%
Liquidity
0.87 was 2.05 in 2025
Short-term debts rose from €15,814 to €15,927.
Filings
11 annual accounts since 2016
The 2019 accounts came 29 days late. The other nine of the last ten were filed on time.
Position in the sector
€532
Less equity than 92% of companies in employment activities. Sector median €117,839 · 50 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 15% of micro companies in employment activities (NACE 78)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 1,379 companies (NACE 78, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.2%▼ -0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.1%▼ -0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.6%▲ +0.5 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €18,932, the second in a row (financial year 2026)
Equity €532 (3.2% of total assets)
lowers risk
Size: total assets €16,459
Liquidity: current ratio 0.87, cash €5,527, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, micro). It does better than 19% of them on solvency, 27% on liquidity, 8% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 642 companies had the same profile as CO-WINGS has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CO-WINGS itself is lower: 0.6% within 12 months. It rests on far more data about CO-WINGS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 642 companies, not a prediction for CO-WINGS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.87 (2.05 in 2025), below 1. Short-term debt is 96.8% and cash 33.6% of total assets. 96.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€18,932
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 50 sector peers (2026).
NBB · sector comparisonPosition among 50 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-10-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
2 days early
2025
on the day
2024
2 days early
2023
1 day early
2022
4 days early
2021
2 days early
2020
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 29 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0628615329
Change of role: SWINGS Katherina, from director, formerly manager to director
Director discharge: SWINGS Katherina · General meeting of 28-04-2022 · Gazette deed
Incorporation
published on 17-04-2015 · Gazette deed
First establishment
Steenweg op Wezemaal 64, Rotselaar
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CO-WINGS Rotselaar | €16,459 | -€15,469 | 3.2% | - |
| BC Sint-Niklaas | €17,356 | -€500 | 76.7% | - |
| MULTYLINK Zaventem | €7,452 | -€1,211 | -107.9% | - |
| BRISON CONSTRUCT Nivelles | €33,145 | -€22,502 | -280.5% | - |
| Your Talents Antwerp | €23,832 | -€3,953 | 56.2% | - |
| ALLIANCE EVENT Liège | €18,869 | €933 | 27.2% | - |
| PJS COACHING & CONSULTING Antwerp | €33,711 | €1,018 | 53.6% | - |
These companies have the same main activity as CO-WINGS: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €7,450 and €33,700, founded between 2014 and 2019.
Official details
Source: KBO- Status
- Active since 15-04-2015Normal situation
- Activity
- Temporary employment agencies and other provision of personnelNACE 78200and 5 others
- Establishment unit
- 2.241.477.6813110 Rotselaar, since 15-04-2015
- Financial year end
- 31 March
- Peppol
- Reachable since 13-10-2025
Annual accounts to 31-03-2026
- €16,459▼ 53.3%
- Filing
- Filed on 29-10-2026, 2 days before the end of the filing period
Insights on CO-WINGS
CO-WINGS files the micro format. That format states no turnover. The gross margin fell from €51,466 in 2016 to -€15,469 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CO-WINGS
- What is the company number of CO-WINGS?
- The company number of CO-WINGS is 0628.615.329. The VAT number is the same number with BE in front: BE 0628.615.329.
- Where is CO-WINGS based?
- The registered office is at Steenweg op Wezemaal 64, 3110 Rotselaar.Company details
- What does CO-WINGS do?
- According to the KBO register, the main activity is temporary employment agencies and other provision of personnel (NACE 78200).
- What is the legal form of CO-WINGS?
- CO-WINGS is a private limited company (BV).
- When was CO-WINGS founded?
- CO-WINGS was founded on 15-04-2015.
- Is CO-WINGS still active?
- Yes, CO-WINGS is an active enterprise in the KBO register.
- What is the turnover of CO-WINGS?
- The annual accounts for financial year 2026 state no turnover. The micro format does not require it.Financials
- Is CO-WINGS profitable?
- In financial year 2026, CO-WINGS made a loss of €18,932.
- Where can I find the annual accounts of CO-WINGS?
- CO-WINGS filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of CO-WINGS due?
- CO-WINGS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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