SWA CONSTRUCT
InactiveSWA CONSTRUCT was declared bankrupt on 03-10-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 17-02-2026, published in the Belgian State Gazette on 20-02-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-06-2023, 41 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
41 d early
2021
22 d late
2020
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€32k
2021 · €-17k
2020: €2k
2021: €-17k
2020 → 2022
Total assets
€150k▼ 8.3%
2021 · €163k
2020: €190k
2021: €163k
2020 → 2022
Net result
€49k
2021 · €-19k
2020: €504
2021: €-19k
2020 → 2022
Working capital
€25k
2021 · €-20k
2020: €16k
2021: €-20k
2020 → 2022
Multi-year overview
Available amounts per fiscal year
Line202020212022Trend
Equity€2k-€-17k€32k
Operating result€12k-€-13k€71k
Net result€504-€-19k€49k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €71k after a loss of €13k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €150k
Fixed assets
€8k▼ 68.5%
Current assets
€141k▲ 3.3%
Equity and liabilities €150k
Equity
€32k
Debt
€118k
Debt finances 78.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€89k▲
2021 · €5k
Cash flow
€67k▲
2021 · €-804
Solvency
21.3%▲
2021 · -10.6%
Current ratio
1.22▲
2021 · 0.87
Quick ratio
1.13▲
2021 · 0.79
Debt / equity
3.70▲
2021 · -10.43
ROE
154.3%
ROA
32.9%▲
2021 · -11.5%
Interest coverage
10.05▲
2021 · 0.81
Debt
€118k▼
2021 · €180k
Debt ≤ 1 year
€116k▼
2021 · €157k
Debt > 1 year
€2k▼
2021 · €24k
Income taxes
€13k▲
2021 · €258
Staff costs
€-73▼
2021 · €3k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€163k€150k▼
Fixed assets21/28€26k€8k▼
Tangible fixed assets22/27€26k€8k▼
Plant, machinery and equipment23€8k€2k▼
Furniture and vehicles24€1k€488▼
Leasing and similar rights25€17k€6k▼
Current assets29/58€137k€141k▲
Stocks and contracts in progress3€14k€10k▼
Stocks30/36€14k€10k▼
Amounts receivable within one year40/41€85k€117k▲
Trade receivables40€8k€3k▼
Other amounts receivable41€77k€114k▲
Cash at bank and in hand54/58€35k€14k▼
Deferred charges and accrued income490/1€3k€249▼
Equity and liabilities
Total equity and liabilities10/49€163k€150k▼
Equity10/15€-17k€32k▲
Contributions10/11€1k€1k=
Reserves13-€30k
Distributable reserves133-€30k
Profit (loss) carried forward14€-18k€834▲
Amounts payable17/49€180k€118k▼
Amounts payable after more than one year17€24k€2k▼
Financial debts170/4€24k€2k▼
Amounts payable within one year42/48€157k€116k▼
Current portion of amounts payable after more than one year42€35k€23k▼
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€81k€36k▼
Suppliers440/4€81k€36k▼
Taxes, remuneration and social security45€16k€32k▲
Taxes450/3€16k€32k▲
Accrued charges and deferred income492/3-€317
Income statement
Code20212022
Remuneration, social security and pensions62€3k€-73▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€4k€5k▲
Gross operating margin9900€12k€104k▲
Operating profit (loss)9901€-13k€71k▲
Financial income75/76B€675€1▼
Recurring financial income75€675€1▼
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€-19k€63k▲
Income taxes67/77€258€13k▲
Profit (loss) for the period9904€-19k€49k▲
Profit (loss) for the period to be appropriated9905€-19k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€31k▲
Profit (loss) brought forward from the previous period14P€504€-18k▼
Transfer to equity691/2-€30k
To other reserves6921-€30k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · SWA CONSTRUCT BV POLDERSTRAAT 19, 9870 ZULTE · event 17-02-2026
2023
09-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · SWA CONSTRUCT BV POLDER- STRAAT 19, 9870 ZULTE · event 03-10-2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-19k ▼3830%
Net result drops to €-19k, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENNY GOOSSENS TOLPOORTSTRAAT 145,
9800 DEINZE |
03-10-2023 → present |