Financials
- Financial year
- 2024
- Total assets
- €21,668
- Profit
- €3,808
- Solvency
- 30.0%
SAWA CONNECT
ActiveSummary
The computed 12-month bankruptcy probability of SAWA CONNECT is 10.1% (high). The 2024 annual accounts show equity of €6,508 and a net result of €3,808. Its solvency ranks better than 36% of 3,535 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other construction installation
NACE 43240General electrical installation work NACE 43211
1 site
Size
≈ €280,000turnover 2024, estimated
- Staff
- 3 FTE
- Equity
- €6,508
- Profit
- €3,808
Turnover estimated from the gross margin
Why 33raises riskFigures for financial year 2024 (filed 31-12-2025)1 financial year not filed after the legal deadline; last filed accounts filed 148 days late; 1 of the last 3 late1 change of registered office in 24 monthsFounded in 2023Show the evidence
Checked score
Score 2024
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 55% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency
55
equity 30.0% of total assets
Liquidity
58
short-term debt 70.0% · cash 36.6%
Profitability
91
return on assets 17.6%
Bankruptcy probability, 12 months
10.1%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.5%lowest value
12-2024: 2.8%▲ +0.3 percentage points vs 11-2024
01-2025: 3.1%▲ +0.3 percentage points vs 12-2024
02-2025: 3.2%▲ +0.1 percentage points vs 01-2025
03-2025: 3.1%▼ -0.1 percentage points vs 02-2025
04-2025: 3.1%● unchanged vs 03-2025
05-2025: 3.3%▲ +0.2 percentage points vs 04-2025
06-2025: 3.4%▲ +0.1 percentage points vs 05-2025
07-2025: 3.5%▲ +0.1 percentage points vs 06-2025
08-2025: 3.5%● unchanged vs 07-2025
09-2025: 3.5%● unchanged vs 08-2025
10-2025: 3.5%● unchanged vs 09-2025
11-2025: 3.5%● unchanged vs 10-2025
12-2025: 3.5%● unchanged vs 11-2025
01-2026: 3.0%▼ -0.5 percentage points vs 12-2025
02-2026: 2.9%▼ -0.1 percentage points vs 01-2026
03-2026: 4.2%▲ +1.3 percentage points vs 02-2026
04-2026: 4.9%▲ +0.7 percentage points vs 03-2026
05-2026: 5.2%▲ +0.3 percentage points vs 04-2026
06-2026: 5.0%▼ -0.2 percentage points vs 05-2026
07-2026: 5.1%▲ +0.1 percentage points vs 06-2026
08-2026: 6.5%▲ +1.4 percentage points vs 07-2026
09-2026: 6.6%▲ +0.1 percentage points vs 08-2026
10-2026: 10.1%▲ +3.5 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.18, below the usual 1.5; short-term debt: 70% and cash: 36.6% of total assets), and 70% of the assets are financed with debt and provisions.
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 43, micro): better than 32% on solvency, 56% on liquidity and 77% on profitability.
The bankruptcy probability was computed on 27-10-2026 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
Five signals.
raises risk
raises risk · 2024 accounts filed 148 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-12-2025, 148 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filingDeviation from the deadline
2024
148 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 148 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · full…
- IncorporationAppointment: MOUKRIM Abdelaâziz (director) ·…
Key points
By topic
Board & ownership
- Board
- 1 member
- MOUKRIM AbdelaâzizDirector
Timeline
- Events
- 3
- Since
- 2023
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other construction installationNACE 43240
- Founded
- 09-06-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 27
- Annual meeting
- Last Thursday of June at 18:00
- Statutory auditor
- No statutory auditor
Key facts about SAWA CONNECT
- What is the company number of SAWA CONNECT?
- 0802.583.839. In Belgium the VAT number is the company number with BE in front: BE 0802.583.839.
- Where is SAWA CONNECT based?
- The registered office is at Forumlaan 13, 1020 Brussel.Company details
- What does SAWA CONNECT do?
- According to the KBO register, the main activity is other construction installation (NACE 43240).
- What is the legal form of SAWA CONNECT?
- Private limited company (BV).
- When was SAWA CONNECT founded?
- On 09-06-2023.
- Is SAWA CONNECT still active?
- Yes, SAWA CONNECT is an active enterprise in the KBO register.
- How many employees does SAWA CONNECT have?
- On average 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of SAWA CONNECT?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is SAWA CONNECT profitable?
- In financial year 2024, SAWA CONNECT made a profit of €3,808.
- Where can I find the annual accounts of SAWA CONNECT?
- SAWA CONNECT filed 1 annual account with the National Bank of Belgium, for financial year 2024.
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