GOODSWITCH
ActiveSummary
GOODSWITCH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49,609 and a net result of -€1,147. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability26▼-54
Solvency88▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.6 against 3.32 in 2023; short-term debt: 36.8% and cash: 7.4% of total assets), and 36.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.2%
Return on assets
-1.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
65 d late
2021
116 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,147
2023 · €7,298
Working capital
€46,159▼ 14.0%
2023 · €53,689
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€20,542€33,230-€6,657€14,238-€1,671
Net result-€12,068€14,501-€2,726€7,298-€1,147
Equity€71,683▼ 14.4%€86,184▲ 20.2%€53,458▼ 38.0%€60,756▲ 13.7%€49,609▼ 18.3%
Total assets€91,390▼ 19.4%€136,692▲ 49.6%€113,361▼ 17.1%€83,930▼ 26.0%€78,549▼ 6.4%
Debt€19,707▼ 33.5%€50,508▲ 156%€59,903▲ 18.6%€23,174▼ 61.3%€28,940▲ 24.9%
Working capital€69,188▼ 16.6%€80,578▲ 16.5%€49,710▼ 38.3%€53,689▲ 8.0%€46,159▼ 14.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,671 after €14,238 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78,549
Fixed assets
€3,450 ▼ 42.0%
Current assets
€75,099 ▼ 2.3%
Equity and liabilities €78,549
Equity
€49,609 ▼ 18.3%
Debt
€28,940 ▲ 24.9%
Debt's share of the balance-sheet total rises from 27.6% to 36.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,946▼
2023 · €16,420
Cash flow
€2,471▼
2023 · €9,480
Current ratio
2.60▼
2023 · 3.32
Debt to equity
0.58▲
2023 · 0.38
ROE
-2.3%▼
2023 · 12.0%
ROA
-1.5%▼
2023 · 8.7%
Interest coverage
1.08▼
2023 · 11.05
Debt ≤ 1 year
€28,940▲
2023 · €23,174
Income taxes
€554▼
2023 · €6,129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,440 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €552 | €1,161 | €1,646 | €2,182 | €3,617 | ▲ 65.8% |
| Other operating charges640/8 | - | €823 | €433 | €218 | €557 | ▲ 155% |
| Non-recurring operating charges66A | - | €634 | - | - | - | - |
| Gross operating margin9900 | -€19,310 | €35,847 | -€4,578 | €16,638 | €2,503 | ▼ 85.0% |
| Operating profit (loss)9901 | -€20,542 | €33,230 | -€6,657 | €14,238 | -€1,671 | ▼ 112% |
| Financial income75/76B | - | €4,503 | €5,310 | €3,332 | €2,872 | ▼ 13.8% |
| Recurring financial income75 | €8,999 | €4,503 | €5,310 | €3,332 | €2,872 | ▼ 13.8% |
| Financial charges65/66B | - | €742 | €1,051 | €4,143 | €1,794 | ▼ 56.7% |
| Recurring financial charges65 | €331 | €742 | €840 | €1,486 | €1,794 | ▲ 20.7% |
| Non-recurring financial charges66B | - | - | €211 | €2,657 | - | - |
| Profit (loss) for the period before taxes9903 | -€11,874 | €36,991 | -€2,399 | €13,427 | -€593 | ▼ 104% |
| Income taxes67/77 | €195 | €22,490 | €328 | €6,129 | €554 | ▼ 91.0% |
| Profit (loss) for the period9904 | -€12,068 | €14,501 | -€2,726 | €7,298 | -€1,147 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | -€12,068 | €14,501 | -€2,726 | €7,298 | -€1,147 | ▼ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,390 | €136,692 | €113,361 | €83,930 | €78,549 | ▼ 6.4% |
| Formation expenses20 | - | - | - | €1,119 | - | - |
| Fixed assets21/28 | €2,495 | €5,605 | €3,748 | €5,948 | €3,450 | ▼ 42.0% |
| Tangible fixed assets22/27 | €2,495 | €5,605 | €3,748 | €5,948 | €3,450 | ▼ 42.0% |
| Furniture and vehicles24 | - | €5,605 | €3,748 | €5,948 | €3,450 | ▼ 42.0% |
| Current assets29/58 | €88,895 | €131,087 | €109,613 | €76,863 | €75,099 | ▼ 2.3% |
| Amounts receivable within one year40/41 | €73,163 | €100,655 | €82,441 | €52,522 | €66,409 | ▲ 26.4% |
| Trade receivables40 | - | €34,364 | - | €10,088 | €32,593 | ▲ 223% |
| Other amounts receivable41 | - | €66,291 | €82,441 | €42,434 | €33,817 | ▼ 20.3% |
| Cash at bank and in hand54/58 | €9,430 | €25,965 | €21,862 | €21,008 | €5,817 | ▼ 72.3% |
| Deferred charges and accrued income490/1 | - | €4,467 | €5,310 | €3,332 | €2,872 | ▼ 13.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,390 | €136,692 | €113,361 | €83,930 | €78,549 | ▼ 6.4% |
| Equity10/15 | €71,683 | €86,184 | €53,458 | €60,756 | €49,609 | ▼ 18.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €59,283 | €73,784 | €41,058 | €48,356 | €37,209 | ▼ 23.1% |
| Amounts payable17/49 | €19,707 | €50,508 | €59,903 | €23,174 | €28,940 | ▲ 24.9% |
| Amounts payable within one year42/48 | €19,707 | €50,508 | €59,903 | €23,174 | €28,940 | ▲ 24.9% |
| Trade debts44 | €17,113 | €20,846 | €18,215 | - | - | - |
| Suppliers440/4 | - | €20,846 | €18,215 | - | - | - |
| Taxes, remuneration and social security45 | - | €29,662 | €11,688 | €23,174 | €18,940 | ▼ 18.3% |
| Taxes450/3 | - | €29,662 | €11,688 | €19,674 | €18,940 | ▼ 3.7% |
| Remuneration and social security454/9 | - | - | - | €3,500 | - | - |
| Other amounts payable47/48 | - | - | €30,000 | - | €10,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,068 | €14,501 | -€2,726 | €7,298 | -€1,147 | ▼ 116% |
| + Depreciation and write-downs630 | €552 | €1,161 | €1,646 | €2,182 | €3,617 | ▲ 65.8% |
| Operating cash flow (approximation) | -€11,516 | €15,662 | -€1,080 | €9,480 | €2,471 | ▼ 73.9% |
| Investment in fixed assets (approximation) | - | -€4,271 | €211 | -€4,382 | -€1,119 | ▲ 74.5% |
| Change in cash | - | €16,535 | -€4,102 | -€854 | -€15,191 | ▼ 1,679% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €7,298
Net result €7,298 after one loss-making year.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 116 days late
2021
31-12
Financial
Back to profitnet €14,501
Net result €14,501 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€12,068
Net result drops to -€12,068, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Hamois
Ground area
789 m²
Building footprint
118 m²
Parcel 91099C0138/00G000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91099C0138/00G000 | Wallonia | 789 m² | 1 · 118 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 38,174 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0711670093
Registered
16-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.