S.W. Constructing
ActiveSummary
S.W. Constructing has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25,768 and a net result of €6,448. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 95% of 5896 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+99
Solvency100▲+26
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 17.22 against 1.45 in 2023; short-term debt: 4.5% and cash: 40.1% of total assets), and 4.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
95.5%
Return on assets
23.9%
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 22-09-2025, 53 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
51 d late
2022
31 d early
2021
24 d late
2020
31 d late
2019
88 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 36 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€25,768▲ 33.4%
2023 · €19,319
Total assets
€26,982▼ 31.7%
2023 · €39,487
Net result
€6,448
2023 · -€53,151
Working capital
€19,697▲ 117%
2023 · €9,060
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-€5,176€5,156€56,807▲ 1,002%-€52,891€6,718
Net result-€7,461€4,184€44,251▲ 958%-€53,151€6,448
Equity€24,035▼ 23.5%€28,219▲ 17.4%€72,470▲ 157%€19,319▼ 73.3%€25,768▲ 33.4%
Total assets€27,701▼ 34.7%€32,319▲ 16.7%€94,873▲ 194%€39,487▼ 58.4%€26,982▼ 31.7%
Debt€3,666▼ 66.8%€4,100▲ 11.8%€22,403▲ 446%€20,167▼ 10.0%€1,214▼ 94.0%
Working capital€10,879▼ 30.4%€19,806▲ 82.1%€64,555▲ 226%€9,060▼ 86.0%€19,697▲ 117%
Staff (FTE)0.30.1▼ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €6,718 after a loss of €52,891 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €26,982
Fixed assets
€6,071 ▼ 40.8%
Current assets
€20,911 ▼ 28.5%
Equity and liabilities €26,982
Equity
€25,768 ▲ 33.4%
Debt
€1,214 ▼ 94.0%
Debt's share of the balance-sheet total falls from 51.1% to 4.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,907▲
2023 · -€46,580
Cash flow
€10,637▲
2023 · -€46,839
Current ratio
17.22▲
2023 · 1.45
Debt to equity
0.05▼
2023 · 1.04
ROE
25.0%▲
2023 · -275.1%
ROA
23.9%▲
2023 · -134.6%
Interest coverage
83.49▲
2023 · -364.13
Debt ≤ 1 year
€1,214▼
2023 · €20,167
Income taxes
€140▲
2023 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €11,038 | €869 | €450 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,676 | €4,712 | €5,213 | €6,311 | €4,189 | ▼ 33.6% |
| Other operating charges640/8 | - | €1,452 | €1,518 | €195 | €399 | ▲ 104% |
| Non-recurring operating charges66A | - | - | - | €126 | €58 | ▼ 54.0% |
| Gross operating margin9900 | €965 | €22,358 | €64,407 | -€45,808 | €11,365 | ▲ 125% |
| Operating profit (loss)9901 | -€5,176 | €5,156 | €56,807 | -€52,891 | €6,718 | ▲ 113% |
| Financial income75/76B | - | €814 | €595 | - | - | - |
| Recurring financial income75 | €822 | €814 | €595 | - | - | - |
| Financial charges65/66B | - | €440 | €113 | €128 | €131 | ▲ 2.1% |
| Recurring financial charges65 | €69 | €440 | €113 | €128 | €131 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | -€4,423 | €5,530 | €57,289 | -€53,019 | €6,588 | ▲ 112% |
| Income taxes67/77 | €3,038 | €1,346 | €13,038 | €132 | €140 | ▲ 6.1% |
| Profit (loss) for the period9904 | -€7,461 | €4,184 | €44,251 | -€53,151 | €6,448 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | -€7,461 | €4,184 | €44,251 | -€53,151 | €6,448 | ▲ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,701 | €32,319 | €94,873 | €39,487 | €26,982 | ▼ 31.7% |
| Fixed assets21/28 | €13,156 | €8,444 | €7,979 | €10,260 | €6,071 | ▼ 40.8% |
| Tangible fixed assets22/27 | €13,156 | €8,444 | €7,979 | €10,260 | €6,071 | ▼ 40.8% |
| Plant, machinery and equipment23 | - | €333 | €1,331 | €1,331 | €638 | ▼ 52.1% |
| Furniture and vehicles24 | - | €8,111 | €6,648 | €8,928 | €5,433 | ▼ 39.2% |
| Current assets29/58 | €14,545 | €23,875 | €86,894 | €29,227 | €20,911 | ▼ 28.5% |
| Amounts receivable within one year40/41 | €12,809 | €17,642 | €1,332 | €11,507 | €10,096 | ▼ 12.3% |
| Trade receivables40 | - | €2,532 | - | €6,375 | - | - |
| Other amounts receivable41 | - | €15,110 | €1,332 | €5,132 | €10,096 | ▲ 96.7% |
| Cash at bank and in hand54/58 | €1,107 | €5,835 | €83,939 | €17,720 | €10,815 | ▼ 39.0% |
| Deferred charges and accrued income490/1 | - | €398 | €1,623 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,701 | €32,319 | €94,873 | €39,487 | €26,982 | ▼ 31.7% |
| Equity10/15 | €24,035 | €28,219 | €72,470 | €19,319 | €25,768 | ▲ 33.4% |
| Contributions10/11 | - | €7,600 | €7,600 | €7,600 | €7,600 | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | €15,815 | €19,999 | €64,250 | €11,099 | €17,548 | ▲ 58.1% |
| Amounts payable17/49 | €3,666 | €4,100 | €22,403 | €20,167 | €1,214 | ▼ 94.0% |
| Amounts payable within one year42/48 | €3,666 | €4,069 | €22,339 | €20,167 | €1,214 | ▼ 94.0% |
| Financial debts43 | - | - | - | €2,414 | - | - |
| Credit institutions430/8 | - | - | - | €2,414 | - | - |
| Trade debts44 | €1,148 | €1,464 | €6,695 | €1,978 | €1,075 | ▼ 45.7% |
| Suppliers440/4 | - | €1,464 | €6,695 | €1,978 | €1,075 | ▼ 45.7% |
| Taxes, remuneration and social security45 | - | €2,605 | €15,644 | €15,775 | €140 | ▼ 99.1% |
| Taxes450/3 | - | €2,605 | €15,644 | €15,775 | €140 | ▼ 99.1% |
| Accrued charges and deferred income492/3 | - | €31 | €64 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,461 | €4,184 | €44,251 | -€53,151 | €6,448 | ▲ 112% |
| + Depreciation and write-downs630 | €4,676 | €4,712 | €5,213 | €6,311 | €4,189 | ▼ 33.6% |
| Operating cash flow (approximation) | -€2,785 | €8,896 | €49,464 | -€46,839 | €10,637 | ▲ 123% |
| Investment in fixed assets (approximation) | - | €0 | -€4,749 | -€8,592 | €0 | ▲ 100% |
| Change in cash | - | €4,728 | €78,104 | -€66,219 | -€6,905 | ▲ 89.6% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Back to profitnet €6,448
Net result €6,448 after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 17.22
Current ratio from 1.45 to 17.22; short-term debt falls from €20,167 to €1,214.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Weakest financial yearnet -€53,151
Net result drops to -€53,151, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €44,251 ▲958%
Operating result €56,807, net result €44,251, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €4,184
Net result €4,184 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Aalst · 1 establishment unit since 2017
Ground area
1,752 m²
Building footprint
142 m²
Volume, LiDAR
1,375 m³
Parcel 41303E0282/00K004, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S.W. Constructing
since 20172.267.989.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303E0282/00K004 | Flanders | 1,752 m² | 1 · 142 m² | 11.8 m · 3 fl. |
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 21,225 companies in sector 81300 we hold annual accounts for 4,366. 3,295 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
Founded22-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.