SAWAM GROUP

Active

Private limited company (pre-2019)founded 201610 yrs activeAlsembergsesteenweg 34, 1630 Linkebeek, BelgiumKBO/BCE: BE 0648.687.597

SAWAM GROUP has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-15k) and a net result of €-20k. Equity is shrinking by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

30 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-36

Solvency0▼-30

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.8 against 1.05 in 2023; short-term debt: 125.5% and cash: 0.6% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

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 2024

Solvency, return and age of the figures

Solvency

-25.5%

Return on assets

-32.9%

Age of the figures

21 mo

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-15k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 filings

Deviation from the deadline

2025

not confirmed

2024

68 d late

2023

22 d late

2022

28 d late

2021

24 d late

2020

20 d late

2019

28 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€148k

EBIT margin

0.2%

Net result

€-20k

2023 · €2k

2018: €44 2019: €-6k 2020: €4k 2021: €-8k 2022: €-10k 2023: €2k

2018 → 2024

Working capital

€-15k

2023 · €4k

2018: €21k 2019: €16k 2020: €16k 2021: €10k 2022: €1k 2023: €4k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€20k-€12k▼ 38.1%€3k▼ 78.9%€4k▲ 66.4%€-15k

Operating result€5k-€-7k€-6k▲ 12.1%€5k€-17k

Net result€4k-€-8k€-10k▼ 28.1%€2k€-20k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €17k after €5k in 2023, the lowest result in the available series.

Key figures and ratios

2024 value · change against 2023

Solvency

-25.5%▼

2023 · 5.0%

Current ratio

0.80▼

2023 · 1.05

Quick ratio

0.74▼

2023 · 0.79

Debt / equity

-4.91▼

2023 · 19.06

ROA

-32.9%▼

2023 · 2.0%

Debt

€75k▼

2023 · €83k

Debt ≤ 1 year

€75k▼

2023 · €83k

Income taxes

€-638

Staff costs

€10k▼

2023 · €67k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€88k€60k▼

Current assets29/58€88k€60k▼

Stocks and contracts in progress3€22k€4k▼

Stocks30/36€22k€4k▼

Amounts receivable within one year40/41€64k€55k▼

Trade receivables40€64k€55k▼

Other amounts receivable41€38€38=

Cash at bank and in hand54/58€1k€332▼

Deferred charges and accrued income490/1€282-

Equity and liabilities

Total equity and liabilities10/49€88k€60k▼

Equity10/15€4k€-15k▼

Contributions10/11€19k€19k=

Reserves13€3k€3k=

Non-distributable reserves130/1€409€409=

Reserves not available under the articles1311€409€409=

Distributable reserves133€3k€3k=

Profit (loss) carried forward14€-17k€-37k▼

Amounts payable17/49€83k€75k▼

Amounts payable within one year42/48€83k€75k▼

Financial debts43-€13

Credit institutions430/8-€13

Trade debts44€15k€6k▼

Suppliers440/4€15k€6k▼

Taxes, remuneration and social security45€39k€38k▼

Taxes450/3€17k€10k▼

Remuneration and social security454/9€22k€28k▲

Other amounts payable47/48€29k€31k▲

Income statement Code20232024

Remuneration, social security and pensions62€67k€10k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-

Other operating charges640/8€50€4k▲

Gross operating margin9900€82k€-3k▼

Operating profit (loss)9901€5k€-17k▼

Financial income75/76B€0€0▲

Recurring financial income75€0€0▲

Financial charges65/66B€4k€4k▼

Recurring financial charges65€4k€4k▼

Profit (loss) for the period before taxes9903€2k€-20k▼

Income taxes67/77-€-638

Profit (loss) for the period9904€2k€-20k▼

Profit (loss) for the period to be appropriated9905€2k€-20k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-17k€-37k▼

Profit (loss) brought forward from the previous period14P€-19k€-17k▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 3Filings 9

2025

07-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 68 days late

2024

31-12

Financial Weakest financial yearnet €-20k ▼1224%

Net result drops to €-20k, the lowest in the series.

22-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 22 days late

2023

31-12

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

28-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 28 days late

2022

24-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 24 days late

2021

20-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 20 days late

2020

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

28-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 28 days late

2019

22-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 22 days late

2018

23-10

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 84 days late

2017

17-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Linkebeek · 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.

Alsembergsesteenweg 341630 Linkebeek

Ground area

1,134 m²

Building footprint

561 m²

Volume, LiDAR

4,367 m³

Parcel 22003A0047/00X008, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

SAWAM GROUP

Rue Albert Schweitzer 14, 4680 OupeyeFloor and wall tiling

since 20162.250.947.752

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22003A0047/00X008	Flanders	1,134 m²	1 · 561 m²	11.6 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

Sint-Niklaas · Eq €4k

Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 14,339 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded16-02-2016

Fiscal year end31-12

Activities, NACEBEL

70200Business and other management consultancy

70220Business consulting

43331Floor and wall tiling

47523Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.