Schwung
ActiveSchwung has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €16k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 5.09 against 2.18 in 2024; short-term debt: 18.7% and cash: 62.9% of total assets), and 19.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
80.5%
Return on assets
58.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2024
21 d early
2023
16 d early
2022
21 d early
2021
52 d early
2020
53 d early
2019
57 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 56.1%
2024 · €14k
2019: €11k
2020: €30k
2021: €45k
2022: €32k
2023: €28k
2024: €14k
2019 → 2025
Total assets
€28k▲ 29.4%
2024 · €22k
2019: €19k
2020: €40k
2021: €60k
2022: €41k
2023: €34k
2024: €22k
2019 → 2025
Net result
€16k
2024 · €-14k
2019: €9k
2020: €19k
2021: €15k
2022: €-5k
2023: €-865
2024: €-14k
2019 → 2025
Working capital
€22k▲ 156%
2024 · €8k
2019: €12k
2020: €24k
2021: €24k
2022: €16k
2023: €17k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€32k▼ 29.0%€28k▼ 10.3%€14k▼ 48.9%€23k▲ 56.1%
Operating result€19k-€-5k€-795▲ 84.9%€-14k▼ 1,632%€17k
Net result€15k-€-5k€-865▲ 83.0%€-14k▼ 1,503%€16k
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 2025: €17k after a loss of €14k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€1k▼ 78.0%
Current assets
€27k▲ 72.3%
Equity and liabilities €28k
Equity
€23k▲ 56.1%
Debt
€5k▼ 24.1%
The debt ratio falls from 33.3% to 19.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▲
2024 · €-9k
Cash flow
€21k▲
2024 · €-9k
Solvency
80.5%▲
2024 · 66.7%
Current ratio
5.09▲
2024 · 2.18
Quick ratio
5.09▲
2024 · 2.18
Debt / equity
0.24▼
2024 · 0.50
ROE
72.2%▲
2024 · -95.7%
ROA
58.1%▲
2024 · -63.8%
Interest coverage
134.08▲
2024 · -70.21
Debt
€5k▼
2024 · €7k
Debt ≤ 1 year
€5k▼
2024 · €7k
Income taxes
€600
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€22k€28k▲
Fixed assets21/28€6k€1k▼
Intangible fixed assets21€1k€332▼
Tangible fixed assets22/27€5k€1k▼
Plant, machinery and equipment23€5k€1k▼
Current assets29/58€16k€27k▲
Amounts receivable within one year40/41€5k€8k▲
Trade receivables40€426€7k▲
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58€10k€18k▲
Deferred charges and accrued income490/1€523€755▲
Equity and liabilities
Total equity and liabilities10/49€22k€28k▲
Equity10/15€14k€23k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€12k€20k▲
Amounts payable17/49€7k€5k▼
Amounts payable within one year42/48€7k€5k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45-€584
Taxes450/3-€584
Other amounts payable47/48€3k€2k▼
Accrued charges and deferred income492/3€120€240▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€267€191▼
Gross operating margin9900€-9k€22k▲
Operating profit (loss)9901€-14k€17k▲
Financial income75/76B€31€59▲
Recurring financial income75€31€59▲
Financial charges65/66B€127€160▲
Recurring financial charges65€127€160▲
Profit (loss) for the period before taxes9903€-14k€17k▲
Income taxes67/77-€600
Profit (loss) for the period9904€-14k€16k▲
Profit (loss) for the period to be appropriated9905€-14k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€28k▲
Profit (loss) brought forward from the previous period14P€26k€12k▼
Profit to be distributed694/7€0€8k▲
Return on contributions (dividend)694€0€8k▲
The notes to these accounts (9 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €16k
Net result €16k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 5.09
Current ratio from 2.18 to 5.09; short-term debt falls from €7k to €5k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €19k ▲124%
Operating result €24k, net result €19k, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Brugge · 2 establishment units since 2019
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.
Torhoutse Steenweg 2188200 BruggeGround area
1,712 m²
Building footprint
753 m²
Volume, LiDAR
5,577 m³
2 parcels, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Schwung
since 20192.292.059.421
Torhoutse Steenweg 218, 8200 Brugge
since 20212.312.655.687
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2299/00A000 | Flanders | 1,325 m² | 1 · 651 m² | 13.9 m · 3 fl. |
| 31027D0510/00G006 | Flanders | 387 m² | 1 · 103 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 6,654 companies in sector 90111 we hold annual accounts for 384. 302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2019
Fiscal year end31-12
Activities, NACEBEL
90031Arts creation and performing arts activities
90111Literary creation
70200Business and other management consultancy
70220Business consulting
72200Scientific research and development
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
85599Other education
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.