SW Innovation
ActiveSW Innovation has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €275k and a net result of €65k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 37968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+25
Solvency84▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.02 in 2023; short-term debt: 41.1% and cash: 46.5% of total assets), and 41.1% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
61 d late
2022
59 d late
2021
23 d early
2020
6 d late
2019
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€275k▲ 30.7%
2023 · €210k
2018: €67k
2019: €111k
2020: €152k
2021: €159k
2022: €178k
2023: €210k
2018 → 2024
Total assets
€466k▲ 28.6%
2023 · €363k
2018: €105k
2019: €152k
2020: €241k
2021: €227k
2022: €350k
2023: €363k
2018 → 2024
Net result
€65k▲ 100%
2023 · €32k
2018: €40k
2019: €43k
2020: €41k
2021: €7k
2022: €19k
2023: €32k
2018 → 2024
Working capital
€198k▲ 26.7%
2023 · €156k
2018: €28k
2019: €86k
2020: €140k
2021: €153k
2022: €163k
2023: €156k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€152k-€159k▲ 4.5%€178k▲ 12.1%€210k▲ 18.1%€275k▲ 30.7%
Operating result€40k-€28k▼ 31.3%€20k▼ 27.1%€68k▲ 237%€84k▲ 22.6%
Net result€41k-€7k▼ 83.4%€19k▲ 181%€32k▲ 67.9%€65k▲ 100%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 23% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €466k
Fixed assets
€77k▲ 42.3%
Current assets
€390k▲ 26.2%
Equity and liabilities €466k
Equity
€275k▲ 30.7%
Debt
€192k▲ 25.6%
The debt ratio falls from 42.1% to 41.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92k▲
2023 · €71k
Cash flow
€72k▲
2023 · €35k
Solvency
58.9%▲
2023 · 57.9%
Current ratio
2.03▲
2023 · 2.02
Quick ratio
2.03▲
2023 · 2.02
Debt / equity
0.70▼
2023 · 0.73
ROE
23.5%▲
2023 · 15.3%
ROA
13.8%▲
2023 · 8.9%
Interest coverage
158.26▲
2023 · 3.69
Debt
€192k▲
2023 · €153k
Debt ≤ 1 year
€192k▲
2023 · €153k
Income taxes
€26k▲
2023 · €18k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€363k€466k▲
Fixed assets21/28€54k€77k▲
Tangible fixed assets22/27€54k€77k▲
Land and buildings22€12k€11k▼
Plant, machinery and equipment23€1k€728▼
Furniture and vehicles24€4k€11k▲
Other tangible fixed assets26€36k€54k▲
Current assets29/58€309k€390k▲
Amounts receivable within one year40/41€6k€59k▲
Trade receivables40-€53k
Other amounts receivable41€6k€5k▼
Current investments50/53€110k€114k▲
Cash at bank and in hand54/58€193k€217k▲
Equity and liabilities
Total equity and liabilities10/49€363k€466k▲
Equity10/15€210k€275k▲
Contributions10/11€6k€6k=
Reserves13€204k€268k▲
Distributable reserves133€204k€268k▲
Amounts payable17/49€153k€192k▲
Amounts payable within one year42/48€153k€192k▲
Trade debts44€18€54k▲
Suppliers440/4€18€54k▲
Taxes, remuneration and social security45€23k€4k▼
Taxes450/3€23k€4k▼
Other amounts payable47/48€130k€133k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€8k▲
Other operating charges640/8€562€840▲
Gross operating margin9900€71k€92k▲
Operating profit (loss)9901€68k€84k▲
Financial income75/76B€1k€7k▲
Recurring financial income75€1k€7k▲
Financial charges65/66B€19k€578▼
Recurring financial charges65€19k€578▼
Profit (loss) for the period before taxes9903€50k€90k▲
Income taxes67/77€18k€26k▲
Profit (loss) for the period9904€32k€65k▲
Profit (loss) for the period to be appropriated9905€32k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€65k▲
Transfer to equity691/2€32k€65k▲
To other reserves6921€32k€65k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Highest result since 2018net €65k ▲100%
Operating result €84k, net result €65k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €200kEq €210k ▲18.1%
6 profitable years in a row build equity to €210k.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €7k ▼83.4%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Equity above €150kEq €152k ▲37.3%
3 profitable years in a row build equity to €152k.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €111k ▲64.5%
2 profitable years in a row build equity to €111k.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial 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, Herent · 1 establishment unit since 2016
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.
Kerselarenweg 13020 HerentGround area
5,580 m²
Building footprint
443 m²
Volume, LiDAR
2,633 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SW Innovation
since 20162.254.595.051
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423K0107/00S000 | Flanders | 5,247 m² | 1 · 305 m² | 10.9 m · 2 fl. |
| 24434F0024/00H007 | Flanders | 334 m² | 1 · 138 m² | 9.7 m · 2 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 82,546 companies in sector 70200 we hold annual accounts for 52,574. 38,574 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.