SWALAA
ActiveSummary
SWALAA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,415 and a net result of €53,391. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-46
Solvency41▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.24 in 2024; short-term debt: 84.4% and cash: 71.3% of total assets), and 84.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
15.6%
Return on assets
12.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2715 sector peers (2025).
NBB · sector comparisonPosition among 2715 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €64,415
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 07-07-2026, 24 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
24 d early
2024
37 d early
2023
85 d early
2022
66 d late
2021
32 d early
2020
31 d late
2019
62 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 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€64,415▲ 67.2%
2024 · €38,524
Total assets
€413,150▲ 133%
2024 · €177,448
Net result
€53,391▼ 56.5%
2024 · €122,871
Working capital
€58,494▲ 75.8%
2024 · €33,268
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,104▼ 47.5%-€42,424-€264▲ 99.4%€194,361€124,151▼ 36.1%
Net result€11,655within the sector's middle half▼ 47.4%-€42,373below the sector's middle half-€2,724below the sector's middle half▲ 93.6%€122,871above the sector's middle half€53,391within the sector's middle half▼ 56.5%
Equity€50,749within the sector's middle half▲ 29.8%€8,376below the sector's middle half▼ 83.5%€5,653below the sector's middle half▼ 32.5%€38,524within the sector's middle half▲ 582%€64,415within the sector's middle half▲ 67.2%
Total assets€120,450within the sector's middle half▲ 70.3%€13,974below the sector's middle half▼ 88.4%€7,783below the sector's middle half▼ 44.3%€177,448within the sector's middle half▲ 2,180%€413,150within the sector's middle half▲ 133%
Debt€69,701▲ 120%€5,598▼ 92.0%€2,130▼ 61.9%€138,924▲ 6,421%€348,736▲ 151%
Working capital€50,099▲ 30.3%€7,726▼ 84.6%€5,003▼ 35.3%€33,268▲ 565%€58,494▲ 75.8%
Solvency42.1%within the sector's middle half▼ 13.1pp59.9%within the sector's middle half▲ 17.8pp72.6%within the sector's middle half▲ 12.7pp21.7%below the sector's middle half▼ 50.9pp15.6%below the sector's middle half▼ 6.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €413,150
Fixed assets
€5,929 ▲ 12.8%
Current assets
€407,221 ▲ 136%
Equity and liabilities €413,150
Equity
€64,415 ▲ 67.2%
Debt
€348,736 ▲ 151%
Debt's share of the balance-sheet total rises from 78.3% to 84.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€125,451▼
2024 · €195,275
Cash flow
€54,691▼
2024 · €123,785
Current ratio
1.17▼
2024 · 1.24
Debt to equity
5.41▲
2024 · 3.61
ROE
82.9%▼
2024 · 318.9%
ROA
12.9%▼
2024 · 69.2%
Interest coverage
2.27▼
2024 · 6.04
Debt ≤ 1 year
€348,727▲
2024 · €138,924
Income taxes
€15,419▼
2024 · €39,776
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,703 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €914 | €1,301 | ▲ 42.2% |
| Other operating charges640/8 | €348 | - | - | €1,541 | €286 | ▼ 81.4% |
| Gross operating margin9900 | €16,451 | -€42,424 | -€264 | €196,816 | €125,737 | ▼ 36.1% |
| Operating profit (loss)9901 | €16,104 | -€42,424 | -€264 | €194,361 | €124,151 | ▼ 36.1% |
| Financial income75/76B | - | - | - | €644 | €6 | ▼ 99.1% |
| Recurring financial income75 | - | - | - | €644 | €6 | ▼ 99.1% |
| Financial charges65/66B | €87 | €52 | €3,368 | €32,357 | €55,348 | ▲ 71.1% |
| Recurring financial charges65 | €87 | €52 | €3,368 | €32,357 | €55,348 | ▲ 71.1% |
| Profit (loss) for the period before taxes9903 | €16,017 | -€42,476 | -€3,632 | €162,648 | €68,809 | ▼ 57.7% |
| Income taxes67/77 | €4,362 | -€104 | -€908 | €39,776 | €15,419 | ▼ 61.2% |
| Profit (loss) for the period9904 | €11,655 | -€42,373 | -€2,724 | €122,871 | €53,391 | ▼ 56.5% |
| Profit (loss) for the period to be appropriated9905 | €11,655 | -€42,373 | -€2,724 | €122,871 | €53,391 | ▼ 56.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,450 | €13,974 | €7,783 | €177,448 | €413,150 | ▲ 133% |
| Fixed assets21/28 | €650 | €650 | €650 | €5,256 | €5,929 | ▲ 12.8% |
| Tangible fixed assets22/27 | - | - | - | €5,256 | €5,929 | ▲ 12.8% |
| Furniture and vehicles24 | - | - | - | €5,256 | €5,929 | ▲ 12.8% |
| Financial fixed assets28 | €650 | €650 | €650 | - | - | - |
| Current assets29/58 | €119,800 | €13,324 | €7,133 | €172,192 | €407,221 | ▲ 136% |
| Amounts receivable within one year40/41 | €38,803 | €9,769 | €6,872 | €21,978 | €111,155 | ▲ 406% |
| Trade receivables40 | €37,791 | - | - | €18,216 | €79,427 | ▲ 336% |
| Other amounts receivable41 | €1,012 | €9,769 | €6,872 | €3,762 | €31,728 | ▲ 743% |
| Cash at bank and in hand54/58 | €80,998 | €3,555 | €261 | €144,707 | €294,473 | ▲ 103% |
| Deferred charges and accrued income490/1 | - | - | - | €5,506 | €1,593 | ▼ 71.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,450 | €13,974 | €7,783 | €177,448 | €413,150 | ▲ 133% |
| Equity10/15 | €50,749 | €8,376 | €5,653 | €38,524 | €64,415 | ▲ 67.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | - | - | - |
| Outside capital11 | - | - | - | - | €6,200 | - |
| Other1109/19 | - | - | - | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €42,689 | €316 | -€2,407 | €30,464 | €56,355 | ▲ 85.0% |
| Amounts payable17/49 | €69,701 | €5,598 | €2,130 | €138,924 | €348,736 | ▲ 151% |
| Amounts payable within one year42/48 | €69,701 | €5,598 | €2,130 | €138,924 | €348,727 | ▲ 151% |
| Trade debts44 | €57,419 | €1,236 | €1,530 | €25,641 | €310,627 | ▲ 1,111% |
| Suppliers440/4 | €57,419 | €1,236 | €1,530 | €25,641 | €310,627 | ▲ 1,111% |
| Taxes, remuneration and social security45 | €12,282 | €4,362 | - | €23,235 | €10,440 | ▼ 55.1% |
| Taxes450/3 | €12,282 | €4,362 | - | €18,400 | €10,440 | ▼ 43.3% |
| Remuneration and social security454/9 | - | - | - | €4,835 | - | - |
| Other amounts payable47/48 | - | - | €600 | €90,048 | €27,660 | ▼ 69.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €9 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,655 | -€42,373 | -€2,724 | €122,871 | €53,391 | ▼ 56.5% |
| + Depreciation and write-downs630 | - | - | - | €914 | €1,301 | ▲ 42.2% |
| Operating cash flow (approximation) | €11,655 | -€42,373 | -€2,724 | €123,785 | €54,691 | ▼ 55.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,520 | -€1,974 | ▲ 64.2% |
| Change in cash | - | -€77,442 | -€3,294 | €144,446 | €149,765 | ▲ 3.7% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €122,871
Net result €122,871 after 2 loss-making years.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet -€42,373
Net result drops to -€42,373, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waterloo · 1 establishment unit since 2024
Ground area
5,069 m²
Building footprint
853 m²
Volume, LiDAR
12,756 m³
2 parcels, Wallonia · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
SWALAA
since 20242.358.219.359
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0600/00R000 | Wallonia | 4,633 m² | 1 · 788 m² | 18.1 m · 5 fl. |
| 25078A0617/00K000 | Wallonia | 436 m² | 1 · 65 m² | 8.4 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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,509 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
E-mail
boris.daune@swalaa.com
Phone
+32455104392
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723987808
Registered
14-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.