Equity
-€26,453
Debts exceed assets in financial year 2025.
S.W.
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1990peak €13,693 (2021)
€1,434▼ 87.3%
lowest -€12,019 (2013)
-€7,457▼ €12,075
peak €6,913 (2007)
-€26,453▼ €7,457
€131,742▲ 32.5%
Board4 names since 2018
-
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €11,262 to €1,434Loss of €7,457Equity from -€18,996 to -€26,453Debts from €99,402 to €131,742Investments €28,679
Key points
from the 2025 annual accountsDebts
€131,742 125% of the balance sheet
After one year 0%Within one year 100%
Of this, €131,656 falls due within a year.
Investments
€30,399 8.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 35.0% higher than in 2024.
2025 accounts filed 25 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,795 companies had the same profile as S.W. has now. Each dot stands for 7 companies, two years later.
90.3%
were still trading
6.1%
stopped another way
2.1%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,795 companies, not a prediction for S.W.. 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
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Signals
Recent changes
3 directors resigning, 4 reappointments
Change of role: , from director to managing director · Resignations: , and · Reappointments: , , and · General meeting of 20-12-2023 · Gazette deed
4 directors reappointed
, , and (managing director) · General meeting of 13-06-2018 · Gazette deed
First establishment
S.W. NV, Burgemeester Vandenbogaerdelaan 39, Izegem
Incorporation
published on 17-01-1990 · Gazette deed
Official details
Source: KBO- Status
- Active since 20-12-1989Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.068.227.2688870 Izegem, since 20-09-1994
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on S.W.
S.W. files the micro format. That format states no turnover. The gross margin fell from €2,417 in 2006 to €1,434 in 2025.
In January 2024, three directors stepped down.
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 S.W.
- What is the company number of S.W.?
- The company number of S.W. is 0439.617.361. The VAT number is the same number with BE in front: BE 0439.617.361.
- Where is S.W. based?
- The registered office is at Burgemeester Vandenbogaerdelaan 39, 8870 Izegem.Company details
- What is the legal form of S.W.?
- S.W. is a public limited company (NV).
- When was S.W. founded?
- S.W. was founded on 20-12-1989.
- Is S.W. still active?
- Yes, S.W. is an active enterprise in the KBO register.
- What is the turnover of S.W.?
- The turnover in financial year 2025 is ≈ €11,000. This figure is estimated from the gross margin of €1,434 and 6,298 comparable companies of the same size. It probably lies between €5,000 and €26,000. It is a rough estimate.Financials
- Is S.W. profitable?
- In financial year 2025, S.W. made a loss of €7,457.
- Where can I find the annual accounts of S.W.?
- S.W. filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of S.W. due?
- S.W. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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