SW
ActiveSummary
SW has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,227 and a net result of €96,644. Equity has been growing by about 14% per year since 2019. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-02-2015 Normal situation
- Activity
- “Alle werkzaamheden van algemene tandheelkunde en in het bijzonder van operatieve tandheelkunde” (deed in French)From the articles, 10 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.239.194.916 1700 Dilbeek, since 05-02-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 17-04-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €165,093
- ▲ 20.6%
- Turnover
- ≈ €410,000
- estimated
- Profit
- €96,644
- ▲ 136%
- Equity
- €121,227
- ▲ 1.4%
- Total assets
- €318,348
- ▲ 4.6%
- 2025 accounts filed 17 days after the deadline
Score breakdownlowers riskSize: total assets €318,348No main activity registeredFounded in 2015Figures for financial year 2025 (filed on 18-02-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 37% of them on solvency, 18% on liquidity, 90% on profitability and 52% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 16 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 17 days after the deadline Filed on 17 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00039722.
Annual accounts 2025 filed on 17-02-2026 PDF all 10 filings
Every figure per financial year
The operating result for 2025 is 141% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-06-2023 | 30-06-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | - | 1 |
| On a permanent contract | 1 | - |
| Joined | - | 0 |
| Left | - | 1 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €125,873 | €24,128 | €144,748 | €1,479 |
| Financial fixed assets | - | €3 | - | - |
| Depreciation and write-downs of the year | €15,090 | €21,797 | €20,437 | €33,867 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €183,935 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €6,954 | €32,336 | €39,485 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,495 | €9,144 | €9,144 | €15,090 | €21,797 | €20,437 | €33,867 | ▲ 65.7% |
| Other operating charges640/8 | - | - | - | €846 | €857 | €22,896 | €987 | ▼ 95.7% |
| Gross operating margin9900 | €43,291 | €29,127 | €41,999 | €62,199 | €138,913 | €136,869 | €165,093 | ▲ 20.6% |
| Operating profit (loss)9901 | €33,926 | €19,383 | €32,341 | €39,309 | €83,923 | €54,052 | €130,240 | ▲ 141% |
| Financial income75/76B | - | - | - | €0 | €8 | - | €864 | - |
| Recurring financial income75 | - | €30 | €0 | €0 | €8 | - | €864 | - |
| Financial charges65/66B | - | - | - | €1,240 | €2,544 | €3,668 | €4,676 | ▲ 27.5% |
| Recurring financial charges65 | €1,959 | €1,571 | €1,478 | €1,240 | €2,544 | €3,668 | €4,676 | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €31,967 | €21,167 | €30,863 | €38,069 | €81,387 | €50,384 | €126,428 | ▲ 151% |
| Income taxes67/77 | €6,235 | €5,016 | €8,124 | €3,076 | €15,170 | €9,371 | €29,784 | ▲ 218% |
| Profit (loss) for the period9904 | €25,732 | €16,151 | €22,739 | €34,993 | €66,217 | €41,013 | €96,644 | ▲ 136% |
| Profit (loss) for the period to be appropriated9905 | €25,732 | €16,151 | €22,739 | €34,993 | €66,217 | €41,013 | €96,644 | ▲ 136% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €94,799 | €94,745 | €94,180 | €186,520 | €262,727 | €304,257 | €318,348 | ▲ 4.6% |
| Fixed assets21/28 | €41,224 | €37,027 | €30,733 | €141,516 | €143,850 | €140,749 | €108,361 | ▼ 23.0% |
| Intangible fixed assets21 | €40,700 | €33,300 | €25,900 | €18,500 | €11,100 | €3,700 | - | - |
| Tangible fixed assets22/27 | €524 | €3,727 | €1,983 | €120,166 | €129,897 | €134,195 | €105,508 | ▼ 21.4% |
| Furniture and vehicles24 | - | - | - | €47,081 | €64,573 | €134,195 | €105,508 | ▼ 21.4% |
| Other tangible fixed assets26 | - | - | - | €73,084 | €65,324 | - | - | - |
| Financial fixed assets28 | - | - | €2,850 | €2,850 | €2,853 | €2,853 | €2,853 | = |
| Current assets29/58 | €53,576 | €57,718 | €63,447 | €45,004 | €118,877 | €163,509 | €209,987 | ▲ 28.4% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €120,000 | - |
| Other amounts receivable291 | - | - | - | - | - | - | €120,000 | - |
| Amounts receivable within one year40/41 | €27,069 | €32,459 | €38,147 | €14,568 | €44,595 | €154,118 | €66,756 | ▼ 56.7% |
| Trade receivables40 | - | - | - | - | €5,487 | €124,680 | €65,401 | ▼ 47.5% |
| Other amounts receivable41 | - | - | - | €14,568 | €39,108 | €29,438 | €1,355 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €13,706 | €8,327 | €11,178 | €4,902 | €8,383 | €2,029 | €13,253 | ▲ 553% |
| Deferred charges and accrued income490/1 | - | - | - | €25,535 | €65,898 | €7,361 | €9,978 | ▲ 35.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €94,799 | €94,745 | €94,180 | €186,520 | €262,727 | €304,257 | €318,348 | ▲ 4.6% |
| Equity10/15 | €44,770 | €52,121 | €74,860 | €109,853 | €116,070 | €119,583 | €121,227 | ▲ 1.4% |
| Contributions10/11 | €12,400 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €7,482 | €7,482 | €7,482 | €7,482 | €7,482 | €7,482 | €7,482 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €5,622 | €5,622 | €5,622 | €5,622 | = |
| Profit (loss) carried forward14 | €24,888 | €26,039 | €48,778 | €83,771 | €89,989 | €93,501 | €95,146 | ▲ 1.8% |
| Amounts payable17/49 | €50,029 | €42,624 | €19,320 | €76,667 | €146,657 | €184,674 | €197,121 | ▲ 6.7% |
| Amounts payable after more than one year17 | €23,748 | €12,485 | - | €54,239 | €39,353 | €98,352 | €53,473 | ▼ 45.6% |
| Financial debts170/4 | - | - | - | €54,239 | €39,353 | €98,352 | €53,473 | ▼ 45.6% |
| Amounts payable within one year42/48 | €26,281 | €30,093 | €19,295 | €22,428 | €89,193 | €86,322 | €143,648 | ▲ 66.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,186 | €17,423 | €42,111 | €27,953 | ▼ 33.6% |
| Trade debts44 | €29 | €680 | €637 | €2,143 | €373 | €722 | €5,114 | ▲ 608% |
| Suppliers440/4 | - | - | - | €2,143 | €373 | €722 | €5,114 | ▲ 608% |
| Taxes, remuneration and social security45 | - | - | - | €2,100 | €11,397 | €5,989 | €15,581 | ▲ 160% |
| Taxes450/3 | - | - | - | - | €10,170 | - | €15,581 | - |
| Remuneration and social security454/9 | - | - | - | €2,100 | €1,227 | €5,989 | - | - |
| Other amounts payable47/48 | - | - | - | - | €60,000 | €37,500 | €95,000 | ▲ 153% |
| Accrued charges and deferred income492/3 | - | - | - | - | €18,110 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,732 | €16,151 | €22,739 | €34,993 | €66,217 | €41,013 | €96,644 | ▲ 136% |
| + Depreciation and write-downs630 | €7,495 | €9,144 | €9,144 | €15,090 | €21,797 | €20,437 | €33,867 | ▲ 65.7% |
| Operating cash flow (approximation) | €33,227 | €25,296 | €31,883 | €50,083 | €88,014 | €61,449 | €130,511 | ▲ 112% |
| Investment in fixed assets (approximation) | - | -€4,948 | -€2,850 | -€125,873 | -€24,131 | -€17,335 | -€1,479 | ▲ 91.5% |
| Change in cash | - | -€5,379 | €2,851 | -€6,277 | €3,482 | -€6,355 | €11,224 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as SW has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SW itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for SW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 17-02-2026 | 2026-00039722 | |
| 30-06-2024 | micro format | 23-01-2025 | 2025-00009782 | |
| 30-06-2023 | micro format | 24-01-2024 | 2024-00005586 | |
| 30-06-2022 | micro format | 29-12-2022 | 2023-20551215 | |
| 30-06-2021 | micro format | 12-01-2022 | 2022-00800543 | |
| 30-06-2020 | micro format | 30-12-2020 | 2020-77700082 | |
| 30-06-2019 | micro format | 31-12-2019 | 2019-78000125 | |
| 30-06-2018 | micro format | 28-12-2018 | 2018-76100167 | |
| 30-06-2017 | full format | 20-12-2017 | 2017-72900256 | |
| 30-06-2016 | full format | 09-01-2017 | 2017-01000496 |
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Voorzitter Ondernemingsrechtbank zetel zoals in kortgeding, weigering instemming overdracht onder levenden”
Articles of association, deed of 20-05-2022 (in French)
Timeline
Acts, filings and financial milestones
20-05
Gazette deed
Amendment of the articlesPurpose change · Legal-form conversion · Capital conversion8 points ▸
- General meeting, 22-04-2022
- Other provision, “overdracht dossier, Nederlandstalige griffie van de Ondernemingsrechtbank van Brussel” (deed in French)
- Purpose change
- Legal-form conversion, “besloten vennootschap” (deed in French)
- Capital conversion, “van rechtswege, eigen vermogensrekening "niet-opgevraagde inbrengen"” (deed in French)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in French)
- Amendment of the articles
- Other provision, “HOOFDSTUK I.: BENAMING,ZETEL,DOEL,DUUR:” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
10 activities
- Alle werkzaamheden van algemene tandheelkunde en in het bijzonder van operatieve tandheelkunde
- De vervaardiging,de reparatie en het aanbrengen van implantaten,vaste of uitneembare tandprothesen of prothesen op implantaten
- Alle werkzaamheden op het gebied van endodontie,pedodontie,parodontologie,implantologie,orthodontie;dentofaciale orthopedie,occlusodontie,ortho-gnathische chirurgie
- Alle kaakchirurgische activiteiten;
- Alle radiologische activiteiten;
- Alle onderzoeks- en doctoraatswerkzaamheden op de bovengenoemde gebieden;
- Alle opleidingsactiviteiten,organisatie van cursussen,seminars,opfriscursussen,publicaties,
- De voorbereiding van intercollegiale toetsingen;
- Alle tandheelkundige hulpactiviteiten;
- Het opzetten van nationale en intemationale gegevensbanken met betrekking tot de bovengenoemde activiteiten via alle bestaande of toekomstige media
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23016E0336/00P002 | Flanders | 392 m² | 1 · 100 m² | 8.6 m · 2 |
| 23016D0138/00V000 | Flanders | 372 m² | 1 · 98 m² | 13.1 m · 3 |