SWALLOW SQUARE
ActiveSWALLOW SQUARE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €2k. Equity is shrinking by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-19
Solvency21▼-40
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 1.25 in 2024; short-term debt: 91.9% and cash: 3% of total assets), and equity is negative.
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
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
-4%
Return on assets
2.8%
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 20% of 898 sector peers (2025).
NBB · sector comparisonPosition among 898 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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
7 d late
2024
14 d late
2023
39 d early
2022
4 d early
2021
15 d late
2020
31 d late
2019
14 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 87.0%
2024 · €16k
2018: €43k
2019: €38k
2020: €-2k
2021: €-16k
2022: €9k
2023: €-27k
2024: €16k
2018 → 2025
Working capital
€-21k
2024 · €10k
2018: €116k
2019: €153k
2020: €152k
2021: €137k
2022: €117k
2023: €33k
2024: €10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€140k-€120k▼ 14.4%€58k▼ 51.1%€33k▼ 44.3%€-3k
Operating result€-15k-€9k€-26k€17k€3k▼ 81.2%
Net result€-16k-€9k€-27k€16k€2k▼ 87.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€27k▼ 28.2%
Current assets
€47k▼ 9.3%
Key figures and ratios
EBITDA
€14k▼
2024 · €28k
Cash flow
€13k▼
2024 · €27k
Solvency
-4.0%▼
2024 · 36.4%
Current ratio
0.69▼
2024 · 1.25
Quick ratio
0.69▼
2024 · 1.25
Debt / equity
-26.02▼
2024 · 1.75
ROA
2.8%▼
2024 · 17.9%
Interest coverage
13.16▼
2024 · 21.36
Debt
€77k▲
2024 · €57k
Debt ≤ 1 year
€68k▲
2024 · €41k
Debt > 1 year
€9k▼
2024 · €16k
Income taxes
€135▼
2024 · €157
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€89k€74k▼
Fixed assets21/28€38k€27k▼
Tangible fixed assets22/27€35k€24k▼
Plant, machinery and equipment23€733€652▼
Furniture and vehicles24€34k€23k▼
Financial fixed assets28€3k€3k=
Current assets29/58€52k€47k▼
Amounts receivable within one year40/41€17k€44k▲
Trade receivables40€17k€44k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€34k€2k▼
Deferred charges and accrued income490/1€481€469▼
Equity and liabilities
Total equity and liabilities10/49€89k€74k▼
Equity10/15€33k€-3k▼
Contributions10/11€12k€12k=
Reserves13€39k€2k▼
Distributable reserves133€39k€2k▼
Profit (loss) carried forward14€-19k€-17k▲
Amounts payable17/49€57k€77k▲
Amounts payable after more than one year17€16k€9k▼
Financial debts170/4€16k€9k▼
Amounts payable within one year42/48€41k€68k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€10k€16k▲
Taxes450/3€10k€11k▲
Remuneration and social security454/9€0€5k▲
Other amounts payable47/48€21k€42k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€894€928▲
Gross operating margin9900€29k€15k▼
Operating profit (loss)9901€17k€3k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€16k€2k▼
Income taxes67/77€157€135▼
Profit (loss) for the period9904€16k€2k▼
Profit (loss) for the period to be appropriated9905€16k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-17k▲
Profit (loss) brought forward from the previous period14P€-35k€-19k▲
Transfer from equity791/2€42k€38k▼
Profit to be distributed694/7€42k€38k▼
Return on contributions (dividend)694€42k€38k▼
The notes to these accounts (13 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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-27k ▼401%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Liquidity times 19current ratio 247.12
Current ratio from 12.98 to 247.12; short-term debt falls from €13k to €617.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
31-12
Financial
Equity above €150kEq €157k ▲31.5%
2 profitable years in a row build equity to €157k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Herve · 1 establishment unit since 2016
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 Berlaines 174651 HerveGround area
499 m²
Building footprint
127 m²
Volume, LiDAR
561 m³
Parcel 63006D0293/00V009, Wallonia · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SWALLOW SQUARE
since 20162.248.588.078
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0293/00V009 | Wallonia | 499 m² | 1 · 127 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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JS ENGINEERING
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Of 1,408 companies in sector 93129 we hold annual accounts for 172. 119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2015
Fiscal year end31-12
Activities, NACEBEL
93129Activities of other sports clubs
64200Holdings
64210Activities of holding companies
77400Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.