SW CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of SW CONSTRUCTION is 3.0% (moderate). The 2025 annual accounts show equity of €346k and a net result of €55k. Equity is growing by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 27786 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-2
Solvency85▲+6
Growth56=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 1.54 in 2024; short-term debt: 22.1% and cash: 4.4% of total assets), and 39.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
60.3%
Return on assets
9.6%
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 01-06-2026, 60 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
60 d early
2024
56 d early
2023
13 d early
2022
50 d late
2021
40 d late
2020
62 d late
2019
74 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€273k▲ 19.3%
2019 · €229k
2019: €229k
2019 → 2021
EBIT margin
25.2%▼ 15.1pp
2019 · 40.2%
2019: 40.2%
2019 → 2021
Net result
€55k▼ 6.9%
2024 · €59k
2019: €92k
2020: €92k
2021: €53k
2022: €14k
2023: €114k
2024: €59k
2019 → 2025
Working capital
€370k▲ 452%
2024 · €67k
2019: €80k
2020: €80k
2021: €58k
2022: €91k
2023: €-6k
2024: €67k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€273k-
Equity€104k-€118k▲ 13.2%€231k▲ 96.8%€291k▲ 25.7%€346k▲ 19.0%
Operating result€69k-€19k▼ 72.4%€158k▲ 728%€97k▼ 38.2%€74k▼ 23.5%
Net result€53k-€14k▼ 73.9%€114k▲ 728%€59k▼ 47.7%€55k▼ 6.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €574k
Fixed assets
€77k ▼ 77.7%
Current assets
€497k ▲ 161%
Equity and liabilities €574k
Equity
€346k ▲ 19.0%
Debt
€228k ▼ 7.1%
Debt's share of the balance-sheet total falls from 45.8% to 39.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▼
2024 · €110k
Cash flow
€73k▲
2024 · €72k
Current ratio
3.91▲
2024 · 1.54
Debt to equity
0.66▼
2024 · 0.85
ROE
16.0%▼
2024 · 20.5%
ROA
9.6%▼
2024 · 11.1%
Interest coverage
8.47▼
2024 · 9.18
Debt ≤ 1 year
€127k▲
2024 · €123k
Debt > 1 year
€101k▼
2024 · €123k
Income taxes
€20k▼
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€536k€574k▲
Fixed assets21/28€346k€77k▼
Tangible fixed assets22/27€46k€47k▲
Plant, machinery and equipment23€218€4k▲
Furniture and vehicles24€46k€43k▼
Financial fixed assets28€300k€30k▼
Current assets29/58€190k€497k▲
Amounts receivable within one year40/41€186k€472k▲
Trade receivables40€134k€384k▲
Other amounts receivable41€52k€88k▲
Cash at bank and in hand54/58€4k€25k▲
Equity and liabilities
Total equity and liabilities10/49€536k€574k▲
Equity10/15€291k€346k▲
Contributions10/11€12k€12k=
Outside capital11-€12k
Other1109/19-€12k
Reserves13€25k€25k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€253k€309k▲
Amounts payable17/49€246k€228k▼
Amounts payable after more than one year17€123k€101k▼
Financial debts170/4€123k€101k▼
Amounts payable within one year42/48€123k€127k▲
Current portion of amounts payable after more than one year42-€24k
Financial debts43€25k€32k▲
Credit institutions430/8€25k€32k▲
Trade debts44€66k€43k▼
Suppliers440/4€66k€43k▼
Taxes, remuneration and social security45€26k€25k▼
Taxes450/3€24k€24k▼
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€6k€3k▼
Income statement
Code20242025
Non-recurring operating income76A-€23k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€18k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€115k€95k▼
Operating profit (loss)9901€97k€74k▼
Financial income75/76B€1€12k▲
Recurring financial income75€1€2k▲
Non-recurring financial income76B-€10k
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€85k€75k▼
Income taxes67/77€26k€20k▼
Profit (loss) for the period9904€59k€55k▼
Profit (loss) for the period to be appropriated9905€59k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€276k€309k▲
Profit (loss) brought forward from the previous period14P€217k€253k▲
Transfer to equity691/2€23k-
To other reserves6921€23k-
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 3.91
Current ratio from 1.54 to 3.91.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €114k ▲728%
Operating result €158k, net result €114k, both a record.
31-12
Financial
Equity above €200kEq €231k ▲96.8%
5 profitable years in a row build equity to €231k.
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-12
Financial
Weakest financial yearnet €14k ▼73.9%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
31-12
Financial
Equity above €100kEq €104k ▲15.8%
3 profitable years in a row build equity to €104k.
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 62 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Koekelberg · 1 establishment unit 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.
Vrijheidslaan 731081 KoekelbergGround area
461 m²
Building footprint
430 m²
Volume, LiDAR
2,878 m³
2 parcels, Brussels · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SW CONSTRUCTION
since 20192.286.300.589
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0157/00F009 | Brussels | 357 m² | 1 · 357 m² | 13.7 m · 2 fl. |
| 21492B0106/00W005 | Brussels | 104 m² | 1 · 73 m² | 14.6 m · 4 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.
Similar companies · same sector, comparable size
C.C.P.L.- Entreprise Générale de Construction
BE 0672.743.597
Sint-Pieters-Leeuw · Eq €345,420
MTN COMPANY
BE 0685.430.704
Jette · Eq €347,021
STEVEN VERCAUTEREN
BE 0845.005.404
Malle · Eq €345,019
STEICON PLUS
BE 0568.509.278
Eeklo · Eq €344,766
EURO-CONSTRUCTIE
BE 0887.981.550
Brussel · Eq €344,615
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,198 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.