SWALA
ActiveSWALA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €32k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 37% of 345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+66
Solvency59▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.28 in 2024; short-term debt: 59.9% and cash: 0.1% of total assets), and 66.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
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
33.6%
Return on assets
8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
21 d late
2022
35 d early
2021
25 d late
2020
26 d late
2019
30 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€133k▲ 31.1%
2024 · €101k
2018: €54k
2019: €63k
2020: €87k
2021: €123k
2022: €131k
2023: €136k
2024: €101k
2018 → 2025
Total assets
€395k▲ 8.9%
2024 · €363k
2018: €166k
2019: €224k
2020: €284k
2021: €190k
2022: €280k
2023: €315k
2024: €363k
2018 → 2025
Net result
€32k
2024 · €-35k
2018: €17k
2019: €9k
2020: €33k
2021: €43k
2022: €8k
2023: €6k
2024: €-35k
2018 → 2025
Working capital
€58k▼ 5.9%
2024 · €62k
2018: €59k
2019: €46k
2020: €59k
2021: €87k
2022: €72k
2023: €87k
2024: €62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€131k▲ 6.2%€136k▲ 4.3%€101k▼ 25.6%€133k▲ 31.1%
Operating result€57k-€46k▼ 20.1%€63k▲ 36.8%€7k▼ 88.7%€37k▲ 429%
Net result€43k-€8k▼ 82.3%€6k▼ 26.4%€-35k€32k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 429% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €395k
Fixed assets
€100k▲ 27.2%
Current assets
€295k▲ 3.9%
Equity and liabilities €395k
Equity
€133k▲ 31.1%
Debt
€262k▲ 0.3%
The debt ratio falls from 72.1% to 66.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53k▲
2024 · €32k
Cash flow
€47k▲
2024 · €-9k
Solvency
33.6%▲
2024 · 27.9%
Current ratio
1.25▼
2024 · 1.28
Quick ratio
0.83▼
2024 · 0.96
Debt / equity
1.97▼
2024 · 2.58
ROE
23.7%▲
2024 · -34.3%
ROA
8.0%▲
2024 · -9.6%
Interest coverage
8.14▲
2024 · 0.74
Debt
€262k▲
2024 · €261k
Debt ≤ 1 year
€237k▲
2024 · €222k
Debt > 1 year
€26k▼
2024 · €39k
Staff costs
€38k▲
2024 · €34k
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€363k€395k▲
Fixed assets21/28€79k€100k▲
Tangible fixed assets22/27€54k€76k▲
Furniture and vehicles24€18k€8k▼
Other tangible fixed assets26€36k€68k▲
Financial fixed assets28€25k€25k=
Current assets29/58€284k€295k▲
Stocks and contracts in progress3€70k€98k▲
Stocks30/36€70k€98k▲
Amounts receivable within one year40/41€211k€194k▼
Trade receivables40€208k€189k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€12€471▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€363k€395k▲
Equity10/15€101k€133k▲
Contributions10/11€20k€20k=
Revaluation surpluses12€7k€7k=
Reserves13€56k€56k=
Distributable reserves133€56k€56k=
Profit (loss) carried forward14€18k€49k▲
Amounts payable17/49€261k€262k▲
Amounts payable after more than one year17€39k€26k▼
Financial debts170/4€39k€26k▼
Amounts payable within one year42/48€222k€237k▲
Current portion of amounts payable after more than one year42€16k€14k▼
Financial debts43€37k€58k▲
Credit institutions430/8€37k€58k▲
Trade debts44€75k€83k▲
Suppliers440/4€75k€83k▲
Taxes, remuneration and social security45€20k€21k▲
Taxes450/3€20k€21k▲
Other amounts payable47/48€74k€61k▼
Income statement
Code20242025
Remuneration, social security and pensions62€34k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€16k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€67k€93k▲
Operating profit (loss)9901€7k€37k▲
Financial income75/76B€2k€750▼
Recurring financial income75€2k€750▼
Financial charges65/66B€44k€7k▼
Recurring financial charges65€44k€7k▼
Profit (loss) for the period before taxes9903€-35k€32k▲
Profit (loss) for the period9904€-35k€32k▲
Profit (loss) for the period to be appropriated9905€-35k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€49k▲
Profit (loss) brought forward from the previous period14P€52k€18k▼
The notes to these accounts (10 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-35k ▼718%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €43k ▲29.6%
Net result €43k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.76
Current ratio from 1.37 to 2.76; short-term debt falls from €159k to €49k.
31-12
Financial
Equity above €100kEq €123k ▲41%
4 profitable years in a row build equity to €123k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 157 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Burdinne · 1 establishment unit since 2004
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 de Braives(OTP) 14210 BurdinneGround area
2,430 m²
Building footprint
145 m²
Volume, LiDAR
721 m³
2 parcels, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SWALA
since 20042.137.583.159
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61047C0234/00Y000 | Wallonia | 1,670 m² | 1 · 145 m² | 7.1 m · 2 fl. |
| 92072A0144/00T015 | Wallonia | 760 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.
Recognitions · licences · registrations
Legal Entity Identifier
2549000W5R7BKW58KQ44
Similar companies · same sector, comparable size
N.U.D.
BE 0699.619.032
Kruisem · Eq €141k
ISOSPAN BELGIUM
BE 0695.572.746
Zulte · Eq €158k
PJUUR
BE 0678.762.151
Sint-Gillis-Waas · Eq €32k
J-P Blocks
BE 0687.848.873
Oud-Turnhout · Eq €641k
LE CAILLOU VERT
BE 1005.377.284
Soignies · Eq €22k
Of 21 companies in sector 23650 we hold annual accounts for 13. 8 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2004
Fiscal year end31-12
Activities, NACEBEL
23650Manufacture of other non-metallic mineral products
41001General construction of residential buildings
26300Manufacture of computer, electronic and optical products
32201
35150Electricity, gas, steam and air conditioning supply
35300Electricity, gas, steam and air conditioning supply
40300
40400
43120Site preparation
43130Specialised construction activities
43990Other specialised construction activities
43995Specialised construction activities
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.