SW SERVICES
ActiveSummary
SW SERVICES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €200k and a net result of €23k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-6
Solvency59▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.81 in 2023; short-term debt: 59.1% and cash: 2.6% of total assets), but 66.2% 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+raises risk○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
54 d late
2022
31 d late
2021
29 d late
2020
23 d late
2019
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23k▼ 35.7%
2023 · €36k
2018: €10k
2019: €14k
2020: €27k
2021: €30k
2022: €20k
2023: €36k
2018 → 2024
Working capital
€184k▲ 4.7%
2023 · €176k
2018: €58k
2019: €72k
2020: €100k
2021: €130k
2022: €137k
2023: €176k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€105k-€135k▲ 29.1%€140k▲ 3.9%€177k▲ 25.8%€200k▲ 13.2%
Operating result€35k-€39k▲ 9.7%€31k▼ 19.4%€58k▲ 88.0%€47k▼ 19.6%
Net result€27k-€30k▲ 12.8%€20k▼ 32.6%€36k▲ 76.6%€23k▼ 35.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €591k
Fixed assets
€58k ▲ 883%
Current assets
€534k ▲ 35.5%
Equity and liabilities €591k
Equity
€200k ▲ 13.2%
Debt
€391k ▲ 75.5%
Debt's share of the balance-sheet total rises from 55.8% to 66.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k▼
2023 · €61k
Cash flow
€26k▼
2023 · €38k
Current ratio
1.53▼
2023 · 1.81
Debt to equity
1.96▲
2023 · 1.26
ROE
11.6%▼
2023 · 20.5%
ROA
3.9%▼
2023 · 9.1%
Interest coverage
7.55▼
2023 · 16.88
Debt ≤ 1 year
€349k▲
2023 · €218k
Debt > 1 year
€36k
Income taxes
€18k▼
2023 · €19k
Staff costs
€1.55M▲
2023 · €1.09M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€400k€591k▲
Fixed assets21/28€6k€58k▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€4k€56k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24-€53k
Other tangible fixed assets26€0-
Current assets29/58€394k€534k▲
Amounts receivable within one year40/41€301k€400k▲
Trade receivables40€5k€0▼
Other amounts receivable41€296k€400k▲
Cash at bank and in hand54/58€9k€15k▲
Deferred charges and accrued income490/1€83k€119k▲
Equity and liabilities
Total equity and liabilities10/49€400k€591k▲
Equity10/15€177k€200k▲
Contributions10/11€19k€19k=
Reserves13€158k€181k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€158k€181k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€223k€391k▲
Amounts payable after more than one year17-€36k
Financial debts170/4-€36k
Amounts payable within one year42/48€218k€349k▲
Current portion of amounts payable after more than one year42€24k€39k▲
Trade debts44€11k€19k▲
Suppliers440/4€11k€19k▲
Taxes, remuneration and social security45€182k€290k▲
Taxes450/3€13k€21k▲
Remuneration and social security454/9€169k€269k▲
Other amounts payable47/48€1k€1k▲
Accrued charges and deferred income492/3€5k€6k▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.09M€1.55M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€913€848▼
Gross operating margin9900€1.16M€1.60M▲
Operating profit (loss)9901€58k€47k▼
Financial income75/76B€683€813▲
Recurring financial income75€683€813▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€56k€41k▼
Income taxes67/77€19k€18k▼
Profit (loss) for the period9904€36k€23k▼
Profit (loss) for the period to be appropriated9905€36k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€23k▼
Transfer from equity791/2€0-
Transfer to equity691/2€36k€23k▼
To the legal reserve6920€0-
To other reserves6921€36k€23k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908736.746.2▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 56 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
31-12
Financial
Highest result since 2018net €36k ▲76.6%
Operating result €58k, net result €36k, both a record.
31-12
Financial
Equity above €150kEq €177k ▲25.8%
6 profitable years in a row build equity to €177k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Equity above €100kEq €105k ▲34.7%
3 profitable years in a row build equity to €105k.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Verviers · 1 establishment unit since 2014
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.
Rue des Prés 734802 VerviersGround area
5,522 m²
Building footprint
675 m²
Volume, LiDAR
2,136 m³
2 parcels, Wallonia · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
S.W. SERVICES
since 20142.229.643.978
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63059A0330/00G000 | Wallonia | 5,012 m² | 1 · 675 m² | 4.5 m · 1 fl. |
| 63036A0166/00M002 | Wallonia | 510 m² | - | - |
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 810 companies in sector 96910 we hold annual accounts for 618. 483 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
96910Personal service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.