S.W. Constructing
ActiveSummary
S.W. Constructing has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,842 and a net result of €9,675. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 95% of 5,645 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €41,842
- Profit
- €9,675
Why 70raises riskLast filed accounts filed 68 days late; 3 of the last 3 lateSize: total assets €42,375lowers riskLiquidity: current ratio 72.59, cash €12,537Equity €41,842 (98.7% of total assets)Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 81, micro): better than 92% on solvency, 88% on liquidity, 82% on profitability and 84% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 41 days after the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than quadruplescurrent ratio 72.59
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (68 days) Filed on 7 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00551485.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 48% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 26,972 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €11,038 | €869 | €450 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,141 | €4,028 | €4,676 | €4,712 | €5,213 | €6,311 | €4,189 | €2,356 | ▼ 43.7% |
| Other operating charges640/8 | - | - | - | €1,452 | €1,518 | €195 | €399 | €433 | ▲ 8.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €126 | €58 | €769 | ▲ 13× |
| Gross operating margin9900 | €35,426 | €5,069 | €965 | €22,358 | €64,407 | -€45,808 | €11,365 | €13,490 | ▲ 18.7% |
| Operating profit (loss)9901 | €34,155 | €508 | -€5,176 | €5,156 | €56,807 | -€52,891 | €6,718 | €9,932 | ▲ 47.8% |
| Financial income75/76B | - | - | - | €814 | €595 | - | - | - | - |
| Recurring financial income75 | €38 | €237 | €822 | €814 | €595 | - | - | - | - |
| Financial charges65/66B | - | - | - | €440 | €113 | €128 | €131 | €117 | ▼ 10.6% |
| Recurring financial charges65 | €100 | €145 | €69 | €440 | €113 | €128 | €131 | €117 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €34,093 | €600 | -€4,423 | €5,530 | €57,289 | -€53,019 | €6,588 | €9,815 | ▲ 49.0% |
| Income taxes67/77 | €10,766 | €121 | €3,038 | €1,346 | €13,038 | €132 | €140 | €141 | ▲ 1.0% |
| Profit (loss) for the period9904 | €23,327 | €479 | -€7,461 | €4,184 | €44,251 | -€53,151 | €6,448 | €9,675 | ▲ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €23,327 | €479 | -€7,461 | €4,184 | €44,251 | -€53,151 | €6,448 | €9,675 | ▲ 50.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €45,152 | €42,434 | €27,701 | €32,319 | €94,873 | €39,487 | €26,982 | €42,375 | ▲ 57.0% |
| Fixed assets21/28 | €1,331 | €15,778 | €13,156 | €8,444 | €7,979 | €10,260 | €6,071 | €3,714 | ▼ 38.8% |
| Tangible fixed assets22/27 | €1,331 | €15,778 | €13,156 | €8,444 | €7,979 | €10,260 | €6,071 | €3,714 | ▼ 38.8% |
| Plant, machinery and equipment23 | - | - | - | €333 | €1,331 | €1,331 | €638 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €8,111 | €6,648 | €8,928 | €5,433 | €3,714 | ▼ 31.6% |
| Current assets29/58 | €43,821 | €26,656 | €14,545 | €23,875 | €86,894 | €29,227 | €20,911 | €38,660 | ▲ 84.9% |
| Amounts receivable within one year40/41 | €23,007 | €11,753 | €12,809 | €17,642 | €1,332 | €11,507 | €10,096 | €26,123 | ▲ 159% |
| Trade receivables40 | - | - | - | €2,532 | - | €6,375 | - | - | - |
| Other amounts receivable41 | - | - | - | €15,110 | €1,332 | €5,132 | €10,096 | €26,123 | ▲ 159% |
| Cash at bank and in hand54/58 | €20,814 | €558 | €1,107 | €5,835 | €83,939 | €17,720 | €10,815 | €12,537 | ▲ 15.9% |
| Deferred charges and accrued income490/1 | - | - | - | €398 | €1,623 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €45,152 | €42,434 | €27,701 | €32,319 | €94,873 | €39,487 | €26,982 | €42,375 | ▲ 57.0% |
| Equity10/15 | €29,527 | €31,406 | €24,035 | €28,219 | €72,470 | €19,319 | €25,768 | €41,842 | ▲ 62.4% |
| Contributions10/11 | €6,200 | €7,600 | - | €7,600 | €7,600 | €7,600 | €7,600 | €14,000 | ▲ 84.2% |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | - | - | €620 | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | - | - | €620 | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | €22,707 | €23,186 | €15,815 | €19,999 | €64,250 | €11,099 | €17,548 | €27,222 | ▲ 55.1% |
| Amounts payable17/49 | €15,625 | €11,028 | €3,666 | €4,100 | €22,403 | €20,167 | €1,214 | €533 | ▼ 56.1% |
| Amounts payable within one year42/48 | €15,625 | €11,028 | €3,666 | €4,069 | €22,339 | €20,167 | €1,214 | €533 | ▼ 56.1% |
| Financial debts43 | - | - | - | - | - | €2,414 | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €2,414 | - | - | - |
| Trade debts44 | €3,762 | €142 | €1,148 | €1,464 | €6,695 | €1,978 | €1,075 | €392 | ▼ 63.6% |
| Suppliers440/4 | - | - | - | €1,464 | €6,695 | €1,978 | €1,075 | €392 | ▼ 63.6% |
| Taxes, remuneration and social security45 | - | - | - | €2,605 | €15,644 | €15,775 | €140 | €141 | ▲ 1.0% |
| Taxes450/3 | - | - | - | €2,605 | €15,644 | €15,775 | €140 | €141 | ▲ 1.0% |
| Accrued charges and deferred income492/3 | - | - | - | €31 | €64 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,327 | €479 | -€7,461 | €4,184 | €44,251 | -€53,151 | €6,448 | €9,675 | ▲ 50.0% |
| + Depreciation and write-downs630 | €1,141 | €4,028 | €4,676 | €4,712 | €5,213 | €6,311 | €4,189 | €2,356 | ▼ 43.7% |
| Operating cash flow (approximation) | €24,468 | €4,507 | -€2,785 | €8,896 | €49,464 | -€46,839 | €10,637 | €12,031 | ▲ 13.1% |
| Investment in fixed assets (approximation) | - | -€18,475 | -€2,054 | €0 | -€4,749 | -€8,592 | €0 | €0 | - |
| Change in cash | - | -€20,256 | €549 | €4,728 | €78,104 | -€66,219 | -€6,905 | €1,722 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-10-2026 | 2026-00551485 |
| 31-12-2024 | micro format | 22-09-2025 | 2025-00497420 |
| 31-12-2023 | micro format | 20-09-2024 | 2024-00466526 |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00177840 |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20351633 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62100023 |
| 31-12-2019 | micro format | 27-10-2020 | 2020-64300353 |
| 31-12-2018 | micro format | 29-07-2019 | 2019-43700295 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Sharifi Waseh |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-12
Gazette deed
Resignation: Sharifi Waseh (manager)Appointment: Sharifi Waseh (director) · Amendment of the articles · Capital conversion10 facts ▸
- Other provision, “geldigheid algemene vergadering, uiteenzetting voorzitter juist bevonden,met eenparigheid geldig samengesteld en bevoegd voor agenda” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “Tweede beslissing” (deed in Dutch)
- Other provision, “TITEL III. EFFECTEN, TITEL III. EFFECTEN” (deed in Dutch)
- Director resignation, Sharifi Waseh (manager)
- Director discharge, Sharifi Waseh (manager)
- Board rule, 1
- Director appointment, Sharifi Waseh (director (not named in the articles))
- Power of attorney
- Other provision, “stemming, alle voorgaande beslissingen met eenparigheid van stemmen genomen” (deed in Dutch)
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41303E0282/00K004 | Flanders | 1,752 m² | 1 · 142 m² | 11.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Landschapsverzorging; Het snoeien van bomen en heggen; Aanleggen en onderhouden van tuinen,parken en het groene gedeelte van sportvelden; De…” (deed in Dutch)
39 activities (deed in Dutch)
- Landschapsverzorging;
- Het snoeien van bomen en heggen;
- Aanleggen en onderhouden van tuinen,parken en het groene gedeelte van sportvelden;
- De vervaardiging van metalen constructiewerken en gebinten voor de bouw;
- Vervaardiging van geprefabriceerde gebouwen,overwegend van metaal: bouwketen,modulaire tentoonstellingselementen,telefooncellen,enz.;
- Onderhouds-en herstellingswerken van mechanische aard voor rekening van derden;
- De bouw van autowegen,straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails);
- Onderneming voor het boren en aanleggen van waterputten,graven van mijnschachten;
- Aanleg van telecommunicatielijnen en -netten;
- Grondverzet: graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven en sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven;
- Het ruimen van bouwterreinen;
- Proefboren en boren;
- Onderneming voor de installatie van de bedrading voor telefooninstallaties en computersystemen;
- Isolatiewerkzaamheden;
- Het aanbrengen in gebouwen en andere bouwwerken van: -thermische isolatiemateriaal – isolatiemateriaal tegen geluid en trillingen;
- Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen;
- De isolatie van koelkamers en -pkahuizen;
- De installatie van stores en zonneschermen;
- Onderneming voor de installatie van antennes en bliksemafleiders;
- Het schilderen van schepen en boten door niet-gespecialiseerde eenheden;
- Gevelreiniging door middel van zandstralen,met behulp van stoom,enz.
- Onderneming voor het uitvoeren van voegwerken;
- Onderneming voor het bouwen van funderingen,inclusief heien;
- Onderneming voor het uitvoeren van hijs- en hefwerkzaamheden voor rekening van derden;
- Onderneming voor het optrekken en afbreken van steigers en werkplatforms;
- Het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden;
- Algemene reiniging van gebouwen;
- Reinigen van interieur van allerlei gebouwen: kantoren,fabrieken,werkplaatsen,allerlei commeriële gebouwen,appartementsgebouwen,enz.;
- Lappen van ramen;
- Schoonsteenvegen en het schoonmaken van vuurplaatsen,kachels,enz.;
- Desinfecteren en het bestrijden van ongedierte in gebouwen,schepen,treinen,enz.;
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard,in de ruimste zin,bijstand en diensten verlenen,rechstreeks of onrechtstreeks betrekking hebbende op het vlak van administratie en financiën,verkoop productie en algemeen bestuur;
- Het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering;
- Het waarnemen van alle bestuurs- en vereffeningsopdrachten,het uitoefenen van managementopdrachten en -functies;
- Het verlenen van zowel persoonlijke als zakelijke,roerende en onroerende waarborgen ten voordele van derden;
- Het verwerven door inschrijving of aankoop en het behren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse bestaande of nog op te richten vennootschappen;
- Het kopen en verkopen,huren en verhuren van allerhande machines en infrastructuur noodzakelijk voor het uitoefenen van alle activiteiten van de vennootschap;
- Het kopen en verkopen van bouwmaterialen;
- Import- en export,groot- en kleinhandel in handelgoederen;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- S.W.Constructing
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan alleen kan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “TITEL IV. BESTUUR - CONTROLE Artikel 10. Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, natuurlijke personen of rechtspersonen al dan niet aandeelhouder” (deed in Dutch)“Geboekt op algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste van overdrager en helft ten laste van koper(s) naar evenredigheid verworven aantal…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Dag van openstelling intekening, per e-mail of per gewone post indien geen e-mailadres” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 30 June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en wanneer ook, bestuurder(s) in functie krachtens statuten indien geen andere benoemd” (deed in Dutch)