Financials
- Fiscal year
- 2025
- Total assets
- €623,525
- Profit
- €166,536
- Solvency
- 28.6%
SKWD
ActiveSummary
SKWD has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178,536 and a net result of €166,536. Its solvency ranks better than 55% of 350 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Temporary employment agencies and other provision of personnel
NACE 78200
1 site
Size
€623,525total assets 2025
- Staff
- 28.3 FTE
- Equity
- €178,536
- Profit
- €166,536
Turnover not published (abridged schema)
Structure
- Largest shareholder
- Flying Services · 50%
- Board
- 3 members
Auditor: VGD BedrijfsrevisorenAccounts 2 d early3 of 4 deeds read
Why 89- Founded in 2024- Size: 28.3 FTE, total assets €623,525+ Liquidity: current ratio 1.85, cash €261,118+ Sector Employment activities (NACE 78)Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Better than 75% of its sector peers (NACE 78, small)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency
54
equity 28.6% of total assets
Liquidity
78
short-term debt 45.7% · cash 41.9%
Profitability
100
return on assets 26.7%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 1.0%
01-2026: 1.1%▲ +2.9% vs 12-2025
02-2026: 1.1%▲ +1.1% vs 01-2026
03-2026: 1.1%▲ +5.4% vs 02-2026
04-2026: 1.2%▲ +6.4% vs 03-2026
05-2026: 1.3%▲ +11.6% vs 04-2026
06-2026: 1.5%▲ +10.6% vs 05-2026highest value
07-2026: 1.5%● 0.0% vs 06-2026highest value
08-2026: 0.3%▼ -81.2% vs 07-2026
09-2026: 0.3%▼ -1.8% vs 08-2026
10-2026: 0.3%▼ -0.7% vs 09-2026lowest value
- Liquidity: current ratio 1.85, cash €261,118 lowers the probability
- Sector Employment activities (NACE 78) lowers the probability
- Founded in 2024 raises the probability for this profile
- Size: 28.3 FTE, total assets €623,525 raises the probability for this profile
Credit up to €15,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.85; short-term debt: 45.7% and cash: 41.9% of total assets), but 71.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 78, small). Better than this share of them on solvency 49%, liquidity 82%, profitability 95%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
- Appointment: VGD Bedrijfsrevisoren (statutory auditor)Permanent representative: Tom Quittelier
- Annual accounts filedfiscal year 2025 · abbreviated…
- Resignations: Larson, Blacktail and SchuurhovenAppointments: House of Hospitality (non-statutory…
Key points
By topic
Board & ownership
- Board
- 3 members
- Largest shareholder
- Flying Services · 50%
- Auditor
- VGD Bedrijfsrevisoren
Go to Board & ownership
Network & group
- Connected companies
- 5
Timeline
- Events
- 4
- Since
- 2026
- 06-08-2026Appointment: VGD Bedrijfsrevisoren (statutory auditor)
- 29-07-2026Annual accounts filed
- 25-06-2026Resignations: Larson, Blacktail and Schuurhoven
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Temporary employment agencies and other provision of personnelNACE 78200
- Founded
- 15-11-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 21
- Who signs
- Two directors jointly, or a managing director alone
- Annual meeting
- Third Friday of June at 12:30
- Purpose
- De tijdelijke tewerkstelling van uitzendkrachten bij de gebruikers, alle activiteiten met…
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