SW EVOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of SW EVOLUTION is 14.1% (high). The 2024 annual accounts show negative equity (-€4,119) and a net result of -€22,268. Equity is shrinking by ~70.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 18940 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-78
Solvency22▼-20
Growth32▼-20
Track record86
Bankruptcy probability, 12 months
14.1%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 1.08 in 2023; short-term debt: 103.4% and cash: 0.5% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-3.4%
Return on assets
-18.4%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year -€4,119
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
31 d late
2022
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2024, micro schema
Equity
-€4,119
2023 · €18,148
Total assets
€121,198▲ 11.8%
2023 · €108,359
Net result
-€22,268
2023 · €8,019
Working capital
-€4,862
2023 · €7,177
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line202220232024
Operating result€10,109-€10,347▲ 2.4%-€24,694
Net result€8,130within the sector's middle half-€8,019within the sector's middle half▼ 1.4%-€22,268below the sector's middle half
Equity€10,130within the sector's middle half-€18,148within the sector's middle half▲ 79.2%-€4,119below the sector's middle half
Total assets€28,215below the sector's middle half-€108,359within the sector's middle half▲ 284%€121,198within the sector's middle half▲ 11.8%
Debt€18,085-€90,211▲ 399%€125,317▲ 38.9%
Working capital€5,233within the sector's middle half-€7,177within the sector's middle half▲ 37.2%-€4,862within the sector's middle half
Solvency35.9%within the sector's middle half-16.7%within the sector's middle half▼ 19.2pp-3.4%within the sector's middle half▼ 20.1pp
Current ratio1.29within the sector's middle half-1.08within the sector's middle half▼ 0.210.96within the sector's middle half▼ 0.12
Return on assets (ROA)28.8%above the sector's middle half-7.4%within the sector's middle half▼ 21.4pp-18.4%below the sector's middle half▼ 25.8pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 turns negative in 2024: a loss of €24,694 after €10,347 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €121,198
Fixed assets
€743 ▼ 93.2%
Current assets
€120,455 ▲ 23.7%
Key figures and ratios
EBITDA
-€23,651▼
2023 · €14,533
Cash flow
-€21,225▼
2023 · €12,204
Debt to equity
-30.42▼
2023 · 4.97
Interest coverage
-72.43▼
2023 · 103.27
Debt ≤ 1 year
€125,317▲
2023 · €90,211
Staff costs
€743▼
2023 · €19,364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.2%
went bankrupt
5.3%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 14.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 7,657 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €19,364 | €743 | ▼ 96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €655 | €4,186 | €1,043 | ▼ 75.1% |
| Other operating charges640/8 | €147 | €529 | €13,115 | ▲ 2,379% |
| Gross operating margin9900 | €10,911 | €34,426 | -€9,793 | ▼ 128% |
| Operating profit (loss)9901 | €10,109 | €10,347 | -€24,694 | ▼ 339% |
| Financial income75/76B | - | - | €2,753 | - |
| Recurring financial income75 | - | - | €2,753 | - |
| Financial charges65/66B | €10 | €141 | €327 | ▲ 132% |
| Recurring financial charges65 | €10 | €141 | €327 | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €10,099 | €10,206 | -€22,268 | ▼ 318% |
| Income taxes67/77 | €1,969 | €2,188 | - | - |
| Profit (loss) for the period9904 | €8,130 | €8,019 | -€22,268 | ▼ 378% |
| Profit (loss) for the period to be appropriated9905 | €8,130 | €8,019 | -€22,268 | ▼ 378% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €28,215 | €108,359 | €121,198 | ▲ 11.8% |
| Fixed assets21/28 | €4,897 | €10,971 | €743 | ▼ 93.2% |
| Tangible fixed assets22/27 | €4,154 | €10,228 | - | - |
| Furniture and vehicles24 | €4,154 | €10,228 | - | - |
| Financial fixed assets28 | €743 | €743 | €743 | = |
| Current assets29/58 | €23,318 | €97,389 | €120,455 | ▲ 23.7% |
| Amounts receivable within one year40/41 | €15,011 | €93,110 | €119,909 | ▲ 28.8% |
| Trade receivables40 | €15,011 | €93,110 | €119,416 | ▲ 28.3% |
| Other amounts receivable41 | - | - | €492 | - |
| Cash at bank and in hand54/58 | €8,308 | €4,279 | €546 | ▼ 87.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €28,215 | €108,359 | €121,198 | ▲ 11.8% |
| Equity10/15 | €10,130 | €18,148 | -€4,119 | ▼ 123% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €8,130 | €16,148 | -€6,119 | ▼ 138% |
| Amounts payable17/49 | €18,085 | €90,211 | €125,317 | ▲ 38.9% |
| Amounts payable within one year42/48 | €18,085 | €90,211 | €125,317 | ▲ 38.9% |
| Trade debts44 | €7,944 | €61,689 | €102,826 | ▲ 66.7% |
| Suppliers440/4 | €7,944 | €61,689 | €102,826 | ▲ 66.7% |
| Advances received on contracts in progress46 | - | €14,225 | €14,225 | = |
| Taxes, remuneration and social security45 | €5,540 | €8,145 | €2,250 | ▼ 72.4% |
| Taxes450/3 | €5,276 | €7,081 | €2,188 | ▼ 69.1% |
| Remuneration and social security454/9 | €264 | €1,064 | €63 | ▼ 94.1% |
| Other amounts payable47/48 | €4,602 | €6,152 | €6,015 | ▼ 2.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,130 | €8,019 | -€22,268 | ▼ 378% |
| + Depreciation and write-downs630 | €655 | €4,186 | €1,043 | ▼ 75.1% |
| Operating cash flow (approximation) | €8,784 | €12,204 | -€21,225 | ▼ 274% |
| Investment in fixed assets (approximation) | - | -€10,260 | €9,185 | ▲ 190% |
| Change in cash | - | -€4,028 | -€3,733 | ▲ 7.3% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
31-12
Financial
Weakest financial yearnet -€22,268
Net result drops to -€22,268, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
22-08
KBO administration
Address struck
Kolonel Bourgstraat L’adresse du siège Rue Colonel Bourg 127 Die Sitzadresse Rue Colonel Bourg / Kolonel
127 1140 Evere werd doorgehaald met ingang 1140 Evere · event 12-06-2024
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Schaarbeek · 1 establishment unit since 2023
Ground area
901 m²
Building footprint
278 m²
Volume, LiDAR
4,323 m³
2 parcels, Brussels, Flanders · tallest building 24.5 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Flowers Forever Coffee
since 20232.352.401.339
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0084/00V002 ProtectedSite or landscapeHuart Hamoirlaan |
Brussels | 771 m² | 1 · 172 m² | 24.4 m · 7 fl. |
| 23026B0116/00G018 | Flanders | 130 m² | 1 · 105 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDilbeek2.352.401.339
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 8,590 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
62900Other information technology and computer services
56120Mobile food service activities
56210Event catering
61100Wired, wireless and satellite telecommunications
62100Computer programming
62200Computer consultancy and computer facilities management
90391Promotion and organisation of arts and performing arts events
Contact
Website
swevolutionsrl@gmail.com
E-mail
saidelhabachi@outlook.com
E-mail
yannick.ngembe@tiinatii.com
Phone
+32472917602
Phone
+32483279224
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781398841
Also
9925:BE0781398841
Registered
17-08-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.