Financials
- Fiscal year
- 2025
- Total assets
- €1.8m
- Profit
- €25,338
- Solvency
- -23.3%
Total assets▲ 4.3%
Net result
20182025
SWANSTAR
ActiveSummary
SWANSTAR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€430,348) and a net result of €25,338. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 2503 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Organisation of conventions and trade shows
NACE 82300
1 site
Size
€1.8mtotal assets 2025
- Equity
- -€430,348
- Profit
- €25,338
Structure
- Holdings
- 1
Accounts 31 d early0 of 2 deeds read
Why 54Capped at 59: negative equity- Negative equity -€430,348+ Size: total assets €1.8m+ Figures for FY 2025 (filed 30-06-2026)+ Sector Office administrative, office support and other business support activities (NACE 82)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 32% of its sector peers (NACE 82, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
2+2
equity -23.3% of total assets
Liquidity
53+3
short-term debt 15.0% · cash 5.3%
Profitability
41+10
return on assets 1.4%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 13 months
10-2025: 0.3%
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.3%▲ +5.2% vs 01-2026
03-2026: 0.3%▼ -1.7% vs 02-2026
04-2026: 0.3%● 0.0% vs 03-2026
05-2026: 0.4%▲ +9.7% vs 04-2026
06-2026: 0.4%▲ +3.5% vs 05-2026highest value
07-2026: 0.2%▼ -35.3% vs 06-2026lowest value
08-2026: 0.2%● 0.0% vs 07-2026lowest value
09-2026: 0.2%● 0.0% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- Size: total assets €1.8m lowers the probability for this profile
- Negative equity -€430,348 raises the probability
- Figures for FY 2025 (filed 30-06-2026) lowers the probability
- Sector Office administrative, office support and other business support activities (NACE 82) lowers the probability
No credit on open account
Liquidity short (current ratio 0.43 against 0.19 in 2024; short-term debt: 15% and cash: 5.3% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 82, micro). Better than this share of them on solvency 9%, liquidity 46%, profitability 23%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2503 sector peers (2025).
NBB · sector comparisonPosition among 2503 sector peers
Solvency
better than 9%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
36 d early
2023
34 d early
2022
30 d late
2021
4 d early
2020
30 d late
2019
14 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 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Back to profitnet €25,338
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 30-06-2026Annual accounts filed
- 31-12-2025Back to profit
- 25-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Organisation of conventions and trade showsNACE 82300
- Founded
- 15-02-2012
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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