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SWANTRUST

Active
Partnership limited by sharesfounded 199927 yrs activeKapelsesteenweg 292, 2930 Brasschaat, BelgiumKBO/BCE: BE 0466.432.616
Summary

For the legal form of SWANTRUST, Checked does not compute a bankruptcy probability. The 2024 annual accounts show negative equity (-€402,739) and a net result of -€30,655. Equity is shrinking by ~8.7% per year across the filed fiscal years. The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-24
Solvency0=
Growth32=
Track record100
Credit verdict
No credit on open account
Liquidity short (current ratio 0.03 against 0.0 in 2023; cash: 100% of total assets), and equity is negative.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€402,739
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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 filings
Deviation from the deadline
2025
not confirmed
2024
84 d late
2023
58 d late
2022
61 d late
2021
142 d late
2020
122 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 93 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 July 1999, SWANTRUST was incorporated.1 Total assets went from EUR 518,490 in 2018 to EUR 12,217 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
-€402,739▼ 8.2%
2023 · -€372,084
Total assets
€12,217▼ 97.6%
2023 · €515,120
Net result
-€30,655▼ 7.5%
2023 · -€28,512
Working capital
-€402,739▲ 54.6%
2023 · -€886,266
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€1,817▼ 106%-€3,267▼ 79.8%-€1,039▲ 68.2%-€1,678▼ 61.4%-€2,752▼ 64.0%
Net result-€26,043▼ 7.0%-€28,330▼ 8.8%-€27,000▲ 4.7%-€28,512▼ 5.6%-€30,655▼ 7.5%
Equity-€288,242▼ 9.9%-€316,572▼ 9.8%-€343,572▼ 8.5%-€372,084▼ 8.3%-€402,739▼ 8.2%
Total assets€514,328▼ 0.4%€514,371=€516,271▲ 0.4%€515,120▼ 0.2%€12,217▼ 97.6%
Debt€802,570▲ 3.1%€830,943▲ 3.5%€859,843▲ 3.5%€887,204▲ 3.2%€414,956▼ 53.2%
Working capital-€802,424▼ 3.4%-€830,754▼ 3.5%-€857,754▼ 3.3%-€886,266▼ 3.3%-€402,739▲ 54.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2020: -€1,817-€1,817Net result 2020: -€26,043-€26,043Operating result 2021: -€3,267-€3,267Net result 2021: -€28,330-€28,330Operating result 2022: -€1,039-€1,039Net result 2022: -€27,000-€27,000Operating result 2023: -€1,678-€1,678Net result 2023: -€28,512-€28,512Operating result 2024: -€2,752-€2,752Net result 2024: -€30,655-€30,65520202021202220232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2022: -€1,039-€1,040Net result 2022: -€27,000-€27,000Operating result 2023: -€1,678-€1,680Net result 2023: -€28,512-€28,500Operating result 2024: -€2,752-€2,750Net result 2024: -€30,655-€30,700202220232024
The operating result stays negative: a loss of €2,752 in 2024 against €1,678 in 2023; the loss grows.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.03▲
2023 · 0.00
Debt to equity
-1.03▲
2023 · -2.38
ROA
-250.9%▼
2023 · -5.5%
Debt ≤ 1 year
€414,956▼
2023 · €887,204
A ratio outside any meaningful range has been withheld (balance sheet total €12,217, equity -€402,739).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 26 lines
Balance sheet Code20232024
Assets
Total assets20/58€515,120€12,217▼
Fixed assets21/28€514,182€0▼
Financial fixed assets28€514,182€0▼
Current assets29/58€938€12,217▲
Cash at bank and in hand54/58€938€12,217▲
Equity and liabilities
Total equity and liabilities10/49€515,120€12,217▼
Equity10/15-€372,084-€402,739▼
Contributions10/11€62,000€62,000=
Outside capital11€62,000€62,000=
Other1109/19€62,000€62,000=
Profit (loss) carried forward14-€434,084-€464,739▼
Amounts payable17/49€887,204€414,956▼
Amounts payable within one year42/48€887,204€414,956▼
Trade debts44€487€735▲
Suppliers440/4€487€735▲
Other amounts payable47/48€886,717€414,221▼
Income statement Code20232024
Other operating charges640/8€102€118▲
Gross operating margin9900-€1,576-€2,634▼
Operating profit (loss)9901-€1,678-€2,752▼
Financial charges65/66B€26,835€27,903▲
Recurring financial charges65€26,835€27,903▲
Profit (loss) for the period before taxes9903-€28,512-€30,655▼
Profit (loss) for the period9904-€28,512-€30,655▼
Profit (loss) for the period to be appropriated9905-€28,512-€30,655▼
Appropriation of the result
Profit (loss) to be appropriated9906-€434,084-€464,739▼
Profit (loss) brought forward from the previous period14P-€405,572-€434,084▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€449-€102€118▲ 15.7%
Gross operating margin9900-€1,370-€2,819-€1,039-€1,576-€2,634▼ 67.2%
Operating profit (loss)9901-€1,817-€3,267-€1,039-€1,678-€2,752▼ 64.0%
Financial charges65/66B-€25,063€25,961€26,835€27,903▲ 4.0%
Recurring financial charges65€24,225€25,063€25,961€26,835€27,903▲ 4.0%
Profit (loss) for the period before taxes9903-€26,043-€28,330-€27,000-€28,512-€30,655▼ 7.5%
Profit (loss) for the period9904-€26,043-€28,330-€27,000-€28,512-€30,655▼ 7.5%
Profit (loss) for the period to be appropriated9905-€26,043-€28,330-€27,000-€28,512-€30,655▼ 7.5%
Line20202021202220232024Change
Assets
Total assets20/58€514,328€514,371€516,271€515,120€12,217▼ 97.6%
Fixed assets21/28€514,182€514,182€514,182€514,182€0▼ 100%
Financial fixed assets28€514,182€514,182€514,182€514,182€0▼ 100%
Current assets29/58€146€189€2,089€938€12,217▲ 1,203%
Cash at bank and in hand54/58€146€189€2,089€938€12,217▲ 1,203%
Equity and liabilities
Total equity and liabilities10/49€514,328€514,371€516,271€515,120€12,217▼ 97.6%
Equity10/15-€288,242-€316,572-€343,572-€372,084-€402,739▼ 8.2%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000---
Issued capital100-€62,000€62,000---
Outside capital11---€62,000€62,000=
Other1109/19---€62,000€62,000=
Profit (loss) carried forward14-€350,242-€378,572-€405,572-€434,084-€464,739▼ 7.1%
Amounts payable17/49€802,570€830,943€859,843€887,204€414,956▼ 53.2%
Amounts payable within one year42/48€802,570€830,943€859,843€887,204€414,956▼ 53.2%
Trade debts44€20€342€359€487€735▲ 51.0%
Suppliers440/4-€342€359€487€735▲ 51.0%
Other amounts payable47/48-€830,600€859,484€886,717€414,221▼ 53.3%
Line20202021202220232024Change
Profit (loss) for the period9904-€26,043-€28,330-€27,000-€28,512-€30,655▼ 7.5%
Operating cash flow (approximation)-€26,043-€28,330-€27,000-€28,512-€30,655▼ 7.5%
Investment in fixed assets (approximation)-€0€0€0€514,182-
Change in cash-€43€1,900-€1,151€11,279▲ 1,080%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
23-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 84 days late
2024
31-12
Financial Weakest financial yearnet -€30,655
Net result drops to -€30,655, the lowest in the series.
27-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
30-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
20-12
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 142 days late
2021
30-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 122 days late
2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
22-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 83 days late
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
28-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
30-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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
Registered office, Brasschaat · 1 establishment unit since 2000
seat establishment The establishment unit on the map
Ground area
2,400 m²
Building footprint
126 m²
Volume, LiDAR
727 m³
Parcel 11322E0001/00H003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
86 companies at this address See who is registered here
1 establishment unit
SWANTRUST
Kapelsesteenweg 292, 2930 BrasschaatInsurance, reinsurance and pension funding, except compulsory social security
since 20002.101.964.363
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11322E0001/00H003 Flanders 2,400 m² 1 · 126 m² 8.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 1

According to the 2023 annual accounts of SWANTRUST and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPartnership limited by shares
Founded05-07-1999
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.