S-WINGS
ActiveS-WINGS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €41k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+17
Solvency91▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 1.76 in 2024; short-term debt: 27.3% and cash: 18% of total assets), and 34% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
21.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 9 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
29 d late
2022
on the day
2021
11 d late
2020
46 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€127k▲ 31.9%
2024 · €96k
2019: €61k
2020: €73k
2021: €76k
2022: €108k
2023: €125k
2024: €96k
2019 → 2025
Total assets
€192k▲ 17.5%
2024 · €163k
2019: €102k
2020: €145k
2021: €105k
2022: €149k
2023: €145k
2024: €163k
2019 → 2025
Net result
€41k▲ 237%
2024 · €12k
2019: €33k
2020: €13k
2021: €4k
2022: €33k
2023: €35k
2024: €12k
2019 → 2025
Working capital
€65k▲ 35.0%
2024 · €48k
2019: €54k
2020: €62k
2021: €65k
2022: €94k
2023: €82k
2024: €48k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€108k▲ 42.0%€125k▲ 15.7%€96k▼ 23.3%€127k▲ 31.9%
Operating result€4k-€40k▲ 813%€47k▲ 18.2%€16k▼ 66.6%€57k▲ 265%
Net result€4k-€33k▲ 750%€35k▲ 7.3%€12k▼ 65.9%€41k▲ 237%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 265% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192k
Fixed assets
€75k▲ 43.4%
Current assets
€117k▲ 5.4%
Equity and liabilities €192k
Equity
€127k▲ 31.9%
Debt
€65k▼ 3.0%
The debt ratio falls from 41.2% to 34.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▲
2024 · €17k
Cash flow
€41k▲
2024 · €13k
Solvency
66.0%▲
2024 · 58.8%
Current ratio
2.24▲
2024 · 1.76
Quick ratio
2.24▲
2024 · 1.76
Debt / equity
0.52▼
2024 · 0.70
ROE
32.1%▲
2024 · 12.6%
ROA
21.2%▲
2024 · 7.4%
Interest coverage
22.40▲
2024 · 6.55
Debt
€65k▼
2024 · €67k
Debt ≤ 1 year
€53k▼
2024 · €63k
Debt > 1 year
€13k▲
2024 · €4k
Income taxes
€16k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€163k€192k▲
Fixed assets21/28€52k€75k▲
Tangible fixed assets22/27€52k€75k▲
Plant, machinery and equipment23€888€503▼
Furniture and vehicles24€0-
Other tangible fixed assets26€51k€74k▲
Financial fixed assets28€180€180=
Current assets29/58€111k€117k▲
Amounts receivable after more than one year29€37k€37k▲
Other amounts receivable291€37k€37k▲
Amounts receivable within one year40/41€47k€29k▼
Trade receivables40€14k€16k▲
Other amounts receivable41€33k€13k▼
Current investments50/53€5k€5k=
Cash at bank and in hand54/58€18k€35k▲
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€163k€192k▲
Equity10/15€96k€127k▲
Contributions10/11€19k€19k=
Reserves13€2k€43k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€298€41k▲
Profit (loss) carried forward14€75k€65k▼
Amounts payable17/49€67k€65k▼
Amounts payable after more than one year17€4k€13k▲
Financial debts170/4€4k€13k▲
Amounts payable within one year42/48€63k€53k▼
Current portion of amounts payable after more than one year42€11k€19k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€9k€20k▲
Taxes450/3€9k€20k▲
Other amounts payable47/48€41k€10k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€769€385▼
Other operating charges640/8€272€1k▲
Gross operating margin9900€17k€59k▲
Operating profit (loss)9901€16k€57k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€16k€57k▲
Income taxes67/77€4k€16k▲
Profit (loss) for the period9904€12k€41k▲
Profit (loss) for the period to be appropriated9905€12k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€116k▼
Profit (loss) brought forward from the previous period14P€105k€75k▼
Transfer to equity691/2-€41k
To other reserves6921-€41k
Profit to be distributed694/7€41k€10k▼
Return on contributions (dividend)694€41k€10k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2019net €41k ▲237%
Operating result €57k, net result €41k, both a record.
31-12
Financial
Equity above €100kEq €127k ▲31.9%
7 profitable years in a row build equity to €127k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 9.55
Current ratio from 3.37 to 9.55; short-term debt falls from €40k to €10k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €100kEq €108k ▲42%
4 profitable years in a row build equity to €108k.
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
30-06
Financial
Weakest financial yearnet €4k ▼70%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lubbeek · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kraaiwinkelstraat(LUB) 83210 LubbeekGround area
1,314 m²
Building footprint
126 m²
Volume, LiDAR
979 m³
Parcel 24066B0335/00L000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S-WINGS
since 20162.256.480.613
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066B0335/00L000 | Flanders | 1,314 m² | 1 · 126 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ADVISORY 23
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N STARS
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 40,847 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.