SW Property
ActiveSW Property has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.67M and a net result of €-29k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 13908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy▲ +67 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency82▲+79
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 0.44 in 2024), but 53.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
46.3%
Return on assets
-0.8%
Age of the figures
8 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 · 10 filingsDeviation from the deadline
2025
60 d early
2024
56 d early
2023
15 d late
2022
39 d late
2021
10 d late
2020
51 d early
2019
56 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.67M▲ 4,205%
2024 · €39k
2018: €77k
2019: €83k
2020: €84k
2021: €88k
2022: €86k
2023: €95k
2024: €39k
2018 → 2025
Total assets
€3.61M▲ 258%
2024 · €1.01M
2018: €99k
2019: €95k
2020: €93k
2021: €96k
2022: €90k
2023: €813k
2024: €1.01M
2018 → 2025
Net result
€-29k▲ 47.6%
2024 · €-56k
2018: €779
2019: €7k
2020: €580
2021: €4k
2022: €3k
2023: €9k
2024: €-56k
2018 → 2025
Working capital
€29k
2024 · €-18k
2018: €43k
2019: €54k
2020: €56k
2021: €61k
2022: €59k
2023: €-51k
2024: €-18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€86k▼ 2.6%€95k▲ 10.7%€39k▼ 59.0%€1.67M▲ 4,205%
Operating result€4k-€2k▼ 47.9%€11k▲ 406%€3k▼ 74.3%€-5k
Net result€4k-€3k▼ 18.6%€9k▲ 175%€-56k€-29k▲ 47.6%
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 2025: a loss of €5k after €3k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.61M
Fixed assets
€3.53M▲ 255%
Current assets
€78k▲ 462%
Equity and liabilities €3.61M
Equity
€1.67M▲ 4,205%
Debt
€1.94M▲ 99.8%
The debt ratio falls from 96.2% to 53.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€44k▼
2024 · €48k
Cash flow
€20k▲
2024 · €-11k
Solvency
46.3%▲
2024 · 3.8%
Current ratio
1.59▲
2024 · 0.44
Quick ratio
1.59▲
2024 · 0.44
Debt / equity
1.16▼
2024 · 25.00
ROE
-1.8%▲
2024 · -144.2%
ROA
-0.8%▲
2024 · -5.5%
Interest coverage
1.83▲
2024 · 0.85
Debt
€1.94M▲
2024 · €971k
Debt ≤ 1 year
€49k▲
2024 · €32k
Debt > 1 year
€1.89M▲
2024 · €938k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€3.61M▲
Fixed assets21/28€995k€3.53M▲
Tangible fixed assets22/27€995k€3.53M▲
Land and buildings22€990k€3.51M▲
Plant, machinery and equipment23-€396
Furniture and vehicles24€5k€6k▲
Other tangible fixed assets26-€12k
Current assets29/58€14k€78k▲
Amounts receivable within one year40/41€10k€12k▲
Other amounts receivable41€10k€12k▲
Cash at bank and in hand54/58€4k€67k▲
Equity and liabilities
Total equity and liabilities10/49€1.01M€3.61M▲
Equity10/15€39k€1.67M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12-€1.66M
Reserves13€23k€23k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-46k€-76k▼
Amounts payable17/49€971k€1.94M▲
Amounts payable after more than one year17€938k€1.89M▲
Financial debts170/4€935k€1.89M▲
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€32k€49k▲
Current portion of amounts payable after more than one year42€23k€29k▲
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Other amounts payable47/48€3k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€49k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€51k€48k▼
Operating profit (loss)9901€3k€-5k▼
Financial income75/76B€24-
Recurring financial income75€24-
Financial charges65/66B€56k€24k▼
Recurring financial charges65€56k€24k▼
Profit (loss) for the period before taxes9903€-54k€-29k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-56k€-29k▲
Profit (loss) for the period to be appropriated9905€-56k€-29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-76k▼
Profit (loss) brought forward from the previous period14P€10k€-46k▼
The notes to these accounts (5 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 quadruplescurrent ratio 1.59
Current ratio from 0.44 to 1.59.
31-12
Financial
Equity above €1MEq €1.67M ▲4205%
Equity rises from €39k to €1.67M.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-56k ▼711%
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
31-12
Financial
Highest result since 2018net €9k ▲175%
Operating result €11k, net result €9k, both a record.
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.95
Current ratio from 2.93 to 5.95; short-term debt falls from €23k to €11k.
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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 1988
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
545 m²
Building footprint
242 m²
Volume, LiDAR
2,259 m³
2 parcels, Brussels, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SW PROPRETY
since 19882.040.423.407
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0294/00B000 | Flanders | 441 m² | 1 · 169 m² | 10.6 m · 3 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
Xavaldho
BE 0431.623.769
Sint-Niklaas · Eq €1.67M
ENTREPOTS LIBRAMONTOIS
BE 0449.063.676
Fléron · Eq €1.67M
ISAKAR COPPENS
BE 0471.815.720
Geel · Eq €1.67M
Anguli
BE 0745.928.020
Gent · Eq €1.67M
SOGESPHAR
BE 0432.342.559
Léglise · Eq €1.67M
Of 9,095 companies in sector 68201 we hold annual accounts for 6,728. 4,449 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-09-1988
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.