scwitch
ActiveSummary
scwitch has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198,560 and a net result of €17,660. Equity is growing by ~49.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-25
Solvency85▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 3.33 in 2024; short-term debt: 40.2% and cash: 43.2% of total assets), and 40.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
59.6%
Return on assets
5.3%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
69 d early
2023
20 d early
2022
52 d early
2021
61 d early
2020
33 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€198,560▼ 13.8%
2024 · €230,300
Total assets
€333,406▼ 3.8%
2024 · €346,706
Net result
€17,660▼ 80.7%
2024 · €91,394
Working capital
€196,769▼ 17.3%
2024 · €237,848
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,338€55,778▲ 289%€84,051▲ 50.7%€125,234▲ 49.0%€24,773▼ 80.2%
Net result€14,122within the sector's middle half€43,030within the sector's middle half▲ 205%€61,280within the sector's middle half▲ 42.4%€91,394above the sector's middle half▲ 49.1%€17,660within the sector's middle half▼ 80.7%
Equity€34,495within the sector's middle half▲ 69.3%€77,625within the sector's middle half▲ 125%€138,906within the sector's middle half▲ 78.9%€230,300within the sector's middle half▲ 65.8%€198,560within the sector's middle half▼ 13.8%
Total assets€97,993within the sector's middle half▼ 6.8%€167,984within the sector's middle half▲ 71.4%€233,050within the sector's middle half▲ 38.7%€346,706within the sector's middle half▲ 48.8%€333,406within the sector's middle half▼ 3.8%
Debt€63,498▼ 25.1%€90,358▲ 42.3%€94,144▲ 4.2%€116,406▲ 23.6%€134,846▲ 15.8%
Working capital€64,941▲ 25.7%€86,787▲ 33.6%€155,067▲ 78.7%€237,848▲ 53.4%€196,769▼ 17.3%
Solvency35.2%within the sector's middle half▲ 15.8pp46.2%within the sector's middle half▲ 11.0pp59.6%within the sector's middle half▲ 13.4pp66.4%within the sector's middle half▲ 6.8pp59.6%within the sector's middle half▼ 6.9pp
Staff (FTE)2.5▲ 38.9%1.8▼ 28.0%2.7▲ 50.0%2▼ 25.9%1.7▼ 15.0%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333,406
Fixed assets
€2,718 ▼ 59.1%
Current assets
€330,688 ▼ 2.8%
Equity and liabilities €333,406
Equity
€198,560 ▼ 13.8%
Debt
€134,846 ▲ 15.8%
Debt's share of the balance-sheet total rises from 33.6% to 40.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,192▼
2024 · €132,365
Cash flow
€24,079▼
2024 · €98,525
Current ratio
2.47▼
2024 · 3.33
Debt to equity
0.68▲
2024 · 0.51
ROE
8.9%▼
2024 · 39.7%
ROA
5.3%▼
2024 · 26.4%
Interest coverage
80.15▼
2024 · 506.29
Debt ≤ 1 year
€133,919▲
2024 · €102,214
Income taxes
€6,739▼
2024 · €33,579
Staff costs
€146,554▲
2024 · €119,555
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,672 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €144,279 | €114,937 | €142,234 | €119,555 | €146,554 | ▲ 22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,163 | €1,341 | €6,630 | €7,130 | €6,419 | ▼ 10.0% |
| Other operating charges640/8 | €348 | €698 | €1,078 | €393 | €819 | ▲ 108% |
| Gross operating margin9900 | €160,127 | €172,754 | €233,992 | €252,313 | €178,565 | ▼ 29.2% |
| Operating profit (loss)9901 | €14,338 | €55,778 | €84,051 | €125,234 | €24,773 | ▼ 80.2% |
| Financial income75/76B | - | €123 | €0 | €0 | €15 | ▲ 147,600% |
| Recurring financial income75 | - | €123 | €0 | €0 | €15 | ▲ 147,600% |
| Non-recurring financial income76B | - | €123 | €0 | - | - | - |
| Financial charges65/66B | €216 | €191 | €354 | €261 | €389 | ▲ 48.9% |
| Recurring financial charges65 | €216 | €191 | €354 | €261 | €389 | ▲ 48.9% |
| Profit (loss) for the period before taxes9903 | €14,122 | €55,710 | €83,696 | €124,973 | €24,399 | ▼ 80.5% |
| Income taxes67/77 | - | €12,680 | €22,416 | €33,579 | €6,739 | ▼ 79.9% |
| Profit (loss) for the period9904 | €14,122 | €43,030 | €61,280 | €91,394 | €17,660 | ▼ 80.7% |
| Profit (loss) for the period to be appropriated9905 | €14,122 | €43,030 | €61,280 | €91,394 | €17,660 | ▼ 80.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97,993 | €167,984 | €233,050 | €346,706 | €333,406 | ▼ 3.8% |
| Fixed assets21/28 | €3,589 | €3,098 | €13,774 | €6,644 | €2,718 | ▼ 59.1% |
| Intangible fixed assets21 | €2,941 | €1,960 | €13,195 | €6,447 | €678 | ▼ 89.5% |
| Tangible fixed assets22/27 | €648 | €1,138 | €579 | €198 | €2,040 | ▲ 932% |
| Plant, machinery and equipment23 | €648 | €1,138 | €579 | €198 | €774 | ▲ 292% |
| Furniture and vehicles24 | - | - | - | - | €1,266 | - |
| Current assets29/58 | €94,404 | €164,886 | €219,276 | €340,062 | €330,688 | ▼ 2.8% |
| Amounts receivable within one year40/41 | €70,078 | €81,103 | €89,556 | €146,399 | €185,713 | ▲ 26.9% |
| Trade receivables40 | €70,078 | €79,089 | €86,951 | €145,562 | €76,637 | ▼ 47.4% |
| Other amounts receivable41 | - | €2,014 | €2,606 | €838 | €109,077 | ▲ 12,919% |
| Current investments50/53 | €1,250 | €1,250 | €1,250 | €1,250 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €22,487 | €81,632 | €126,281 | €191,932 | €144,006 | ▼ 25.0% |
| Deferred charges and accrued income490/1 | €589 | €901 | €2,189 | €481 | €969 | ▲ 102% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97,993 | €167,984 | €233,050 | €346,706 | €333,406 | ▼ 3.8% |
| Equity10/15 | €34,495 | €77,625 | €138,906 | €230,300 | €198,560 | ▼ 13.8% |
| Contributions10/11 | €49,300 | €49,400 | €49,400 | €49,400 | - | - |
| Reserves13 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Non-distributable reserves130/1 | - | €7,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €7,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | €7,000 | €7,000 | - | - |
| Profit (loss) carried forward14 | -€14,805 | €21,225 | €82,506 | €173,900 | €191,560 | ▲ 10.2% |
| Amounts payable17/49 | €63,498 | €90,358 | €94,144 | €116,406 | €134,846 | ▲ 15.8% |
| Amounts payable after more than one year17 | €20,000 | - | - | - | - | - |
| Financial debts170/4 | €20,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €29,464 | €78,099 | €64,209 | €102,214 | €133,919 | ▲ 31.0% |
| Current portion of amounts payable after more than one year42 | - | €20,000 | €0 | - | - | - |
| Trade debts44 | €7,468 | €25,061 | €8,182 | €25,591 | €79,037 | ▲ 209% |
| Suppliers440/4 | €7,468 | €25,061 | €8,182 | €25,591 | €79,037 | ▲ 209% |
| Taxes, remuneration and social security45 | €21,995 | €33,038 | €56,027 | €76,624 | €37,382 | ▼ 51.2% |
| Taxes450/3 | €7,715 | €21,003 | €36,597 | €61,815 | €25,817 | ▼ 58.2% |
| Remuneration and social security454/9 | €14,281 | €12,035 | €19,430 | €14,809 | €11,565 | ▼ 21.9% |
| Accrued charges and deferred income492/3 | €14,034 | €12,259 | €29,935 | €14,192 | €927 | ▼ 93.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,122 | €43,030 | €61,280 | €91,394 | €17,660 | ▼ 80.7% |
| + Depreciation and write-downs630 | €1,163 | €1,341 | €6,630 | €7,130 | €6,419 | ▼ 10.0% |
| Operating cash flow (approximation) | €15,285 | €44,372 | €67,910 | €98,525 | €24,079 | ▼ 75.6% |
| Investment in fixed assets (approximation) | - | -€850 | -€17,306 | -€0 | -€2,493 | ▼ 24,931,000% |
| Change in cash | - | €59,144 | €44,649 | €65,651 | -€47,926 | ▼ 173% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €91,394 ▲49.1%
Operating result €125,234, net result €91,394, both a record.
31-12
Financial
Equity above €200,000Eq €230,300 ▲65.8%
4 profitable years in a row build equity to €230,300.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €138,906 ▲78.9%
3 profitable years in a row build equity to €138,906.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €14,122
Net result €14,122 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€19,838
Net result drops to -€19,838, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
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.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Brussel · 1 establishment unit since 2016
Ground area
6,581 m²
Building footprint
5,789 m²
Volume, LiDAR
92,504 m³
Parcel 21804D0819/00R000, Brussels · tallest building 21.9 m, ±6 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Switch
since 20162.251.567.859
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0819/00R000 | Brussels | 6,581 m² | 1 · 5,789 m² | 21.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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: expect extra rules on renovation or sale.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,121 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded25-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0649409357
Also
9925:BE0649409357
Registered
08-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.