SW Horses
ActiveSW Horses has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €5k. Its solvency ranks better than 37% of 4622 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability50
Solvency36
Growth-
Track record67
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.12; short-term debt: 89.1% and cash: 13% of total assets), and 89.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€10k
Total assets
€88k
Net result
€5k
Working capital
€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €88k
Equity
€10k
Debt
€78k
Debt finances 89.1% of the balance-sheet total.
Key figures and ratios
Solvency
10.9%
Current ratio
1.12
Quick ratio
0.29
Debt / equity
8.20
ROE
47.6%
ROA
5.2%
Debt
€78k
Debt ≤ 1 year
€78k
Income taxes
€2k
Staff costs
€30k
Filed annual accounts
As filed with the NBB · 2025
Balance sheet
Code2025
Assets
Total assets20/58€88k
Current assets29/58€88k
Stocks and contracts in progress3€65k
Stocks30/36€65k
Amounts receivable within one year40/41€10k
Trade receivables40€10k
Other amounts receivable41€0
Cash at bank and in hand54/58€11k
Deferred charges and accrued income490/1€1k
Equity and liabilities
Total equity and liabilities10/49€88k
Equity10/15€10k
Contributions10/11€5k
Reserves13€5k
Distributable reserves133€5k
Amounts payable17/49€78k
Amounts payable within one year42/48€78k
Trade debts44€62k
Suppliers440/4€62k
Taxes, remuneration and social security45€11k
Taxes450/3€5k
Remuneration and social security454/9€6k
Other amounts payable47/48€5k
Income statement
Code2025
Remuneration, social security and pensions62€30k
Other operating charges640/8€1k
Gross operating margin9900€38k
Operating profit (loss)9901€7k
Financial charges65/66B€445
Recurring financial charges65€445
Profit (loss) for the period before taxes9903€7k
Income taxes67/77€2k
Profit (loss) for the period9904€5k
Profit (loss) for the period to be appropriated9905€5k
Appropriation of the result
Profit (loss) to be appropriated9906€5k
Transfer to equity691/2€5k
To other reserves6921€5k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
19-08
State Gazette act
Registered officeBoard meeting · Registered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move · Power of attorney3 facts ▸
- Board meeting, 2026-05-29
- Registered-office move, Stevooortse Kiezel 100, 3511 Kuringen (Hasselt)
- Power of attorney, Moore Finance & Tax BV
State Gazette actNBB filing
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2024
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.
Stevoortse kiezel 1003511 HasseltGround area
9,414 m²
Building footprint
949 m²
Volume, LiDAR
2,345 m³
2 parcels, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SW Horses
since 20242.361.861.017
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001A0223/00A003 | Flanders | 9,080 m² | 1 · 484 m² | - |
| 71483D0037/00H000 | Flanders | 334 m² | 1 · 465 m² | 9.8 m · 1 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.
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Of 1,024 companies in sector 96994 we hold annual accounts for 56. 33 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2024
Fiscal year end31-12
Activities, NACEBEL
93110Operation of sports facilities
96994Pet training
46231Wholesale of live animals
47762Retail sale of pets, pet food and pet supplies
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.