SW SOLUTIONS
ActiveSummary
SW SOLUTIONS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,078 and a net result of -€4,078. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-53
Solvency46▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.5%
Return on assets
-11.8%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
19 d early
2022
30 d early
2021
304 d late
2020
300 d late
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 91 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€83,231
EBIT margin
33.3%
Net result
-€4,078
2024 · €4,755
Working capital
-€844▲ 91.7%
2024 · -€10,119
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€83,231
Operating result€53,823▲ 275%€27,733▼ 48.5%€19,953▼ 28.1%€42,344▲ 112%-€38
Net result€48,538above the sector's middle half▲ 276%€8,726within the sector's middle half▼ 82.0%-€235within the sector's middle half€4,755within the sector's middle half-€4,078below the sector's middle half
EBIT margin33.3%
Equity-€2,090below the sector's middle half▲ 95.9%€6,636within the sector's middle half€6,401within the sector's middle half▼ 3.5%€11,156within the sector's middle half▲ 74.3%€7,078below the sector's middle half▼ 36.6%
Total assets€9,102below the sector's middle half▲ 64.8%€33,566below the sector's middle half▲ 269%€154,195within the sector's middle half▲ 359%€46,355below the sector's middle half▼ 69.9%€34,455below the sector's middle half▼ 25.7%
Debt€11,192▼ 80.1%€26,930▲ 141%€147,794▲ 449%€35,199▼ 76.2%€27,377▼ 22.2%
Working capital-€2,240within the sector's middle half▲ 95.6%€6,486within the sector's middle half-€18,680below the sector's middle half-€10,119below the sector's middle half▲ 45.8%-€844within the sector's middle half▲ 91.7%
Solvency-23.0%below the sector's middle half▲ 893.6pp19.8%within the sector's middle half▲ 42.7pp4.2%below the sector's middle half▼ 15.6pp24.1%within the sector's middle half▲ 19.9pp20.5%within the sector's middle half▼ 3.5pp
Current ratio0.80below the sector's middle half▲ 0.701.24within the sector's middle half▲ 0.440.87below the sector's middle half▼ 0.370.71below the sector's middle half▼ 0.160.97within the sector's middle half▲ 0.26
Return on assets (ROA)533.3%above the sector's middle half▲ 299.3pp26.0%above the sector's middle half▼ 507.3pp-0.2%within the sector's middle half▼ 26.1pp10.3%within the sector's middle half▲ 10.4pp-11.8%below the sector's middle half▼ 22.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 €38 after €42,344 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,455
Fixed assets
€7,922 ▼ 62.8%
Current assets
€26,533 ▲ 5.8%
Equity and liabilities €34,455
Equity
€7,078 ▼ 36.6%
Debt
€27,377 ▼ 22.2%
Debt's share of the balance-sheet total rises from 75.9% to 79.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,091▼
2024 · €55,607
Cash flow
-€1,949▼
2024 · €18,018
Debt to equity
3.87▲
2024 · 3.16
ROE
-57.6%▼
2024 · 42.6%
Interest coverage
2.96▼
2024 · 22.08
Debt ≤ 1 year
€27,377▼
2024 · €35,199
Income taxes
€4,116▼
2024 · €36,213
Staff costs
€16▼
2024 · €76,970
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,294 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €83,231 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €40,130 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €19,620 | €98,634 | €76,970 | €16 | ▼ 100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €12,465 | €13,263 | €2,129 | ▼ 83.9% |
| Other operating charges640/8 | €558 | €2,582 | €3,635 | €5,376 | €1,047 | ▼ 80.5% |
| Non-recurring operating charges66A | - | - | - | €52,120 | €9,573 | ▼ 81.6% |
| Gross operating margin9900 | €54,381 | €49,935 | €134,688 | €190,074 | €12,727 | ▼ 93.3% |
| Operating profit (loss)9901 | €53,823 | €27,733 | €19,953 | €42,344 | -€38 | ▼ 100% |
| Financial income75/76B | - | - | €2 | €1,143 | €783 | ▼ 31.5% |
| Recurring financial income75 | - | - | €2 | €1,143 | €783 | ▼ 31.5% |
| Financial charges65/66B | €5,285 | €6,220 | €10,595 | €2,519 | €707 | ▼ 71.9% |
| Recurring financial charges65 | €3,088 | €2,917 | €9,971 | €2,519 | €707 | ▼ 71.9% |
| Non-recurring financial charges66B | €2,197 | €3,303 | €624 | - | - | - |
| Profit (loss) for the period before taxes9903 | €48,538 | €21,512 | €9,360 | €40,968 | €38 | ▼ 99.9% |
| Income taxes67/77 | - | €12,786 | €9,595 | €36,213 | €4,116 | ▼ 88.6% |
| Profit (loss) for the period9904 | €48,538 | €8,726 | -€235 | €4,755 | -€4,078 | ▼ 186% |
| Profit (loss) for the period to be appropriated9905 | €48,538 | €8,726 | -€235 | €4,755 | -€4,078 | ▼ 186% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,102 | €33,566 | €154,195 | €46,355 | €34,455 | ▼ 25.7% |
| Fixed assets21/28 | €150 | €150 | €25,082 | €21,275 | €7,922 | ▼ 62.8% |
| Tangible fixed assets22/27 | - | - | €24,932 | €21,125 | €7,772 | ▼ 63.2% |
| Furniture and vehicles24 | - | - | €24,932 | €21,125 | €7,772 | ▼ 63.2% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €8,952 | €33,416 | €129,114 | €25,080 | €26,533 | ▲ 5.8% |
| Amounts receivable within one year40/41 | €5,446 | €15,100 | €34,477 | €23,597 | €22,414 | ▼ 5.0% |
| Trade receivables40 | €2,793 | €12,411 | €30,563 | €10,088 | €17,355 | ▲ 72.0% |
| Other amounts receivable41 | €2,653 | €2,690 | €3,914 | €13,509 | €5,059 | ▼ 62.6% |
| Cash at bank and in hand54/58 | €3,505 | €18,315 | €94,637 | €1,483 | €3,337 | ▲ 125% |
| Deferred charges and accrued income490/1 | - | - | - | - | €781 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,102 | €33,566 | €154,195 | €46,355 | €34,455 | ▼ 25.7% |
| Equity10/15 | -€2,090 | €6,636 | €6,401 | €11,156 | €7,078 | ▼ 36.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€20,690 | -€11,964 | -€12,199 | -€7,444 | -€11,522 | ▼ 54.8% |
| Amounts payable17/49 | €11,192 | €26,930 | €147,794 | €35,199 | €27,377 | ▼ 22.2% |
| Amounts payable within one year42/48 | €11,192 | €26,930 | €147,794 | €35,199 | €27,377 | ▼ 22.2% |
| Financial debts43 | - | - | - | - | €8,801 | - |
| Credit institutions430/8 | - | - | - | - | €8,801 | - |
| Trade debts44 | €414 | - | €43,752 | €9,901 | €12,731 | ▲ 28.6% |
| Suppliers440/4 | €414 | - | €43,752 | €9,901 | €12,731 | ▲ 28.6% |
| Advances received on contracts in progress46 | - | €5,000 | €59,800 | €0 | - | - |
| Taxes, remuneration and social security45 | €4,718 | €12,854 | €28,090 | €25,298 | €5,845 | ▼ 76.9% |
| Taxes450/3 | €4,718 | €9,060 | €8,187 | €25,298 | €5,845 | ▼ 76.9% |
| Remuneration and social security454/9 | - | €3,794 | €19,902 | €0 | - | - |
| Other amounts payable47/48 | €6,060 | €9,076 | €16,152 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,538 | €8,726 | -€235 | €4,755 | -€4,078 | ▼ 186% |
| + Depreciation and write-downs630 | - | - | €12,465 | €13,263 | €2,129 | ▼ 83.9% |
| Operating cash flow (approximation) | €48,538 | €8,726 | €12,231 | €18,018 | -€1,949 | ▼ 111% |
| Investment in fixed assets (approximation) | - | €0 | -€37,397 | -€9,457 | €11,223 | ▲ 219% |
| Change in cash | - | €14,810 | €76,322 | -€93,154 | €1,854 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-09
Financial
Weakest financial yearnet -€4,078
Net result drops to -€4,078, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €4,755
Net result €4,755 after one loss-making year.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 304 days late
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 300 days late
2021
30-09
Financial
Highest result since 2019net €48,538 ▲276%
Operating result €53,823, net result €48,538, both a record.
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 60 days late
2018
29-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 123 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herk-de-Stad · 1 establishment unit since 2010
Ground area
9,051 m²
Building footprint
2,692 m²
Volume, LiDAR
17,095 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
165
companies at this address
See who is registered here
1 establishment unit
SW Solutions
since 20102.194.290.151
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71003B0070/00Z004 | Flanders | 5,956 m² | 1 · 357 m² | - |
| 44362B0014/00G002 | Flanders | 3,095 m² | 1 · 2,335 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2024 · 1 entry · 2,325 EUR awarded · 2,325 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,325 EUR | 2,325 EUR |
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Of 2,499 companies in this sector we hold annual accounts for 1,761. 236 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-11-2010
Fiscal year end30-09
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
56111Full-service restaurants
46495Wholesale trade
46620Wholesale of machine tools
47529Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831025724
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.