SW CONSEILS

Open bankruptcy

Private limited companyfounded 2018Rue Walthère-Lallemand 23, 4030 Liège, BelgiumKBO/BCE: BE 0693.805.564

A bankruptcy procedure is open for SW CONSEILS according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €16k and a net result of €-41k.

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Signals

Three signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

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 2023, micro schema

Equity

€16k▼ 72.5%

2022 · €56k

2018: €25k 2019: €31k 2020: €40k 2021: €46k 2022: €56k

2018 → 2023

Total assets

€47k▼ 45.6%

2022 · €87k

2018: €50k 2019: €96k 2020: €150k 2021: €67k 2022: €87k

2018 → 2023

Net result

€-41k

2022 · €10k

2018: €13k 2019: €6k 2020: €9k 2021: €6k 2022: €10k

2018 → 2023

Working capital

€-29k

2022 · €56k

2018: €25k 2019: €29k 2020: €39k 2021: €46k 2022: €56k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€31k-€40k▲ 30.4%€46k▲ 15.7%€56k▲ 21.2%€16k▼ 72.5%

Operating result€14k-€16k▲ 7.8%€8k▼ 45.8%€15k▲ 75.4%€-40k

Net result€6k-€9k▲ 66.8%€6k▼ 32.8%€10k▲ 56.4%€-41k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2023: a loss of €40k after €15k in 2022, the lowest result in the available series.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €47k

94.4%

Fixed assets €45k

Current assets €3k

Equity and liabilities €47k

32.7%

67.3%

Equity €16k▼ 72.5%

Debt €32k▲ 3.2%

The debt ratio rises from 35.5% to 67.3%. Equity is lower and debt is higher.

Key figures and ratios

2023 value · change against 2022

EBITDA

€-38k

Cash flow

€-38k

Solvency

32.7%▼

2022 · 64.5%

Current ratio

0.08▼

2022 · 2.82

Quick ratio

0.08▼

2022 · 2.82

Debt / equity

2.06▲

2022 · 0.55

ROE

-263.2%▼

2022 · 17.5%

ROA

-86.0%▼

2022 · 11.3%

Interest coverage

-76.55

Debt

€32k▲

2022 · €31k

Debt ≤ 1 year

€32k▲

2022 · €31k

Income taxes

€315▼

2022 · €5k

Staff costs

€41k▼

2022 · €85k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€87k€47k▼

Fixed assets21/28-€45k

Tangible fixed assets22/27-€45k

Furniture and vehicles24-€5k

Other tangible fixed assets26-€40k

Current assets29/58€87k€3k▼

Amounts receivable within one year40/41€82k€100▼

Trade receivables40€39k€100▼

Other amounts receivable41€43k-

Cash at bank and in hand54/58€5k€2k▼

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€87k€47k▼

Equity10/15€56k€16k▼

Contributions10/11€12k€12k=

Outside capital11€12k€12k=

Other1109/19€12k€12k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€42k€1k▼

Amounts payable17/49€31k€32k▲

Amounts payable within one year42/48€31k€32k▲

Trade debts44-€7k

Suppliers440/4-€7k

Taxes, remuneration and social security45€31k€25k▼

Taxes450/3€26k€25k▼

Remuneration and social security454/9€5k-

Other amounts payable47/48-€448

Income statement Code20222023

Remuneration, social security and pensions62€85k€41k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€57k

Other operating charges640/8€723€220▼

Gross operating margin9900€101k€60k▼

Operating profit (loss)9901€15k€-40k▼

Financial charges65/66B€153€491▲

Recurring financial charges65€153€491▲

Profit (loss) for the period before taxes9903€15k€-40k▼

Income taxes67/77€5k€315▼

Profit (loss) for the period9904€10k€-41k▼

Profit (loss) for the period to be appropriated9905€10k€-41k▼

Appropriation of the result

Profit (loss) to be appropriated9906€42k€1k▼

Profit (loss) brought forward from the previous period14P€32k€42k▲

The notes to these accounts (6 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 9Signals 1Financial 2Filings 6

2025

25-08

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · SW CONSEILS SRL RUE WALTHERE- LALLEMAND 23, 4030 GRIVEGNEE (LIEGE) · event 14-08-2025

2024

28-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 120 days late

2023

31-12

Financial Weakest financial yearnet €-41k ▼514%

Net result drops to €-41k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

31-12

Financial Liquidity doublescurrent ratio 3.24

Current ratio from 1.36 to 3.24; short-term debt falls from €109k to €21k.

29-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

08-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 39 days late

2019

30-04

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

SignalFinancial 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, Liège · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Rue Walthère-Lallemand 234030 Liège

Ground area

158 m²

Building footprint

43 m²

Volume, LiDAR

326 m³

Parcel 62302C0777/00F003, Wallonia · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

SW CONSEILS

Rue Walthère-Lallemand 23, 4030 LiègeActivities of head offices; management consultancy activities

since 20182.274.817.769

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62302C0777/00F003	Wallonia	158 m²	1 · 43 m²	8.7 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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	FRANCOIS ANCION RUE DES ECOLIERS 3, 4020 LIEGE 2	14-08-2025 → present
Curator	CHARLOTTE MUSCH RUE DES ECOLIERS 3, 4020 LIEGE 2 ↔ Also on 116 other cases	14-08-2025 → present