ISWITCH
ActiveSummary
The computed 12-month bankruptcy probability of ISWITCH is 2.0% (moderate). The 2024 annual accounts show equity of €22,710 and a net result of -€1,512. Equity is shrinking by ~13.6% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
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Signals
This company filed its last 6 accounts on average 59 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,910 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,779 | €3,759 | €376 | - | - | - |
| Other operating charges640/8 | - | €194 | €126 | - | - | - |
| Gross operating margin9900 | -€15,436 | €1,080 | €318 | €776 | -€2,810 | ▼ 462% |
| Operating profit (loss)9901 | -€24,906 | -€2,873 | -€184 | €776 | -€2,810 | ▼ 462% |
| Financial income75/76B | - | €781 | €1,692 | €665 | €1,453 | ▲ 118% |
| Recurring financial income75 | €2,810 | €781 | €1,692 | €665 | €1,453 | ▲ 118% |
| Financial charges65/66B | - | €324 | €311 | €359 | €156 | ▼ 56.7% |
| Recurring financial charges65 | €412 | €324 | €311 | €359 | €156 | ▼ 56.7% |
| Profit (loss) for the period before taxes9903 | -€22,508 | -€2,416 | €1,198 | €1,082 | -€1,512 | ▼ 240% |
| Income taxes67/77 | €138 | €84 | €89 | €95 | - | - |
| Profit (loss) for the period9904 | -€22,646 | -€2,500 | €1,109 | €987 | -€1,512 | ▼ 253% |
| Profit (loss) for the period to be appropriated9905 | -€22,646 | -€2,500 | €1,109 | €987 | -€1,512 | ▼ 253% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,920 | €24,965 | €25,999 | €25,219 | €22,805 | ▼ 9.6% |
| Fixed assets21/28 | €4,135 | €376 | - | - | - | - |
| Tangible fixed assets22/27 | €4,135 | €376 | - | - | - | - |
| Other tangible fixed assets26 | - | €376 | - | - | - | - |
| Current assets29/58 | €22,785 | €24,589 | €25,999 | €25,219 | €22,805 | ▼ 9.6% |
| Amounts receivable within one year40/41 | €22,782 | €24,586 | €25,996 | €25,176 | €22,788 | ▼ 9.5% |
| Other amounts receivable41 | - | €24,586 | €25,996 | €25,176 | €22,788 | ▼ 9.5% |
| Cash at bank and in hand54/58 | €3 | €3 | €3 | €43 | €17 | ▼ 60.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,920 | €24,965 | €25,999 | €25,219 | €22,805 | ▼ 9.6% |
| Equity10/15 | €24,626 | €22,126 | €23,235 | €24,222 | €22,710 | ▼ 6.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €4,166 | €1,666 | €2,775 | €3,762 | €2,250 | ▼ 40.2% |
| Amounts payable17/49 | €2,294 | €2,839 | €2,764 | €997 | €95 | ▼ 90.5% |
| Amounts payable within one year42/48 | €2,294 | €2,839 | €2,764 | €997 | €95 | ▼ 90.5% |
| Financial debts43 | - | €1,040 | €1,490 | - | - | - |
| Credit institutions430/8 | - | €1,040 | €1,490 | - | - | - |
| Trade debts44 | €348 | €778 | €249 | €902 | - | - |
| Suppliers440/4 | - | €778 | €249 | €902 | - | - |
| Taxes, remuneration and social security45 | - | €1,021 | €1,025 | €95 | €95 | = |
| Taxes450/3 | - | €1,021 | €1,025 | €95 | €95 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,646 | -€2,500 | €1,109 | €987 | -€1,512 | ▼ 253% |
| + Depreciation and write-downs630 | €8,779 | €3,759 | €376 | - | - | - |
| Operating cash flow (approximation) | -€13,868 | €1,260 | €1,485 | €987 | -€1,512 | ▼ 253% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €0 | €0 | €40 | -€26 | ▼ 165% |
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
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About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0797/00A000 | Wallonia | 754 m² | 1 · 156 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.