Equity
€1.7m ▲ 43×
Equity rose in 2025 from €38,822 to €1.7m.
SW Property
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €51,130 (2024)
€48,395▼ 5.3%
lowest -€55,981 (2024)
-€29,359▲ €26,622
peak €1.7m (2025)
€1.7m▲ 43×
€1.9m▲ 99.8%
Board2 names since 2020
1 directorWillems Steve
Owners
Documentsfilings and deeds
01-06-202660 days before the deadline
2025micro format
Loss of €29,359Equity from €38,822 to €1.7mDebts from €970,521 to €1.9mInvestments €2.6mCash from €3,680 to €66,738
Key points
from the 2025 annual accountsLosses
-€85,340 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€1.9m ▲ 99.8%
Debts rose by €968,149 in 2025.
Investments
€2.6m 52.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 254.8% higher than in 2024.
Liquidity
1.59 was 0.44 in 2024
Short-term debts rose from €32,082 to €49,411.
Position in the sector
-€29,359
Lower net result than 87% of companies in real estate. Sector median €5,997 · 17,176 companies.
Checked score
57
Fair
Financially stronger than 65% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 0.4%▼ -0.7 percentage points vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.5 percentage points vs 06-2025
08-2025: 1.0%● unchanged vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.0%▼ -0.1 percentage points vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.2%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.1%▼ -1.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Liquidity: current ratio 1.59, cash €66,738
Ex-officio strike-off in the KBO
lowers risk
Size: total assets €3.6m
Figures for financial year 2025 (filed on 01-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 65% of them on solvency, 72% on liquidity, 26% on profitability and 99% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as SW Property has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SW Property itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for SW Property. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €95,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.59 (0.44 in 2024), above the usual 1.5. Short-term debt is 1.4% and cash 1.8% of total assets. However, 53.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 days early
2024
56 days early
2023
15 days late
2022
39 days late
2021
10 days late
2020
51 days early
2019
56 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 August (4 of the last 5 accounts filed within 66 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SW CONSTRUCTION 100%score 83equity €346,119 (2025) · 2023 annual accounts of SW CONSTRUCTION
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0435354509
Address struck
effective 11-05-2024 · KBO administration
Amendment of the articles
Gazette deed
Company renamed from GQP ESTATE to SW Property
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SW Property Koekelberg | €3.6m | €48,395 | 46.3% | - |
| IMMO - BENELUX Ixelles | €3.7m | €64,358 | 48.3% | - |
| MARTHE Duffel | €3.7m | €50,521 | 73.1% | 0 |
| DIMENSIONS NOUVELLES Braine-l'Alleud | €3.6m | €57,165 | 60.5% | - |
| AGECO EUROP Lasne | €2.9m | €46,165 | 78.0% | - |
| KASTEEL HEIZIJDE Lebbeke | €3.2m | €59,544 | 31.7% | - |
| IMMOBILIERE SAINT MARTIN Walhain | €3.0m | €56,084 | 21.2% | - |
These companies have the same main activity as SW Property: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €2.9m and €3.7m, founded between 1987 and 1990.
Official details
Source: KBO- Status
- Active since 28-09-1988Normal situation
- Registered office
- 16 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.040.423.4071850 Grimbergen, since 06-10-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Annual accounts 2025
- ≈ €79,000estimated
- €3.6m▲ 258%
- Filing
- Filed on 01-06-2026, 60 days before the end of the filing period
Insights on SW Property
SW Property files the micro format. That format states no turnover. The gross margin rose from €13,552 in 2006 to €48,395 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
SW CONSTRUCTION holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SW Property
- What is the company number of SW Property?
- The company number of SW Property is 0435.354.509. The VAT number is the same number with BE in front: BE 0435.354.509.
- Where is SW Property based?
- The registered office is at Vrijheidslaan 73, 1081 Koekelberg.Company details
- What does SW Property do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of SW Property?
- SW Property is a public limited company (NV).
- When was SW Property founded?
- SW Property was founded on 28-09-1988.
- Is SW Property still active?
- Yes, SW Property is an active enterprise in the KBO register.
- What is the turnover of SW Property?
- The turnover in financial year 2025 is ≈ €79,000. This figure is estimated from the gross margin of €48,395 and 51 comparable companies (NACE 682). It probably lies between €59,000 and €110,000.Financials
- Is SW Property profitable?
- In financial year 2025, SW Property made a loss of €29,359.
- Where can I find the annual accounts of SW Property?
- SW Property filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SW Property due?
- SW Property must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.