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Complete company report
Generated 22-08-2026
Active BE 0781.620.060European economic interest grouping

Swappable Batteries Motorcycle Consortium

de Meeûssquare 40 ·1000 Brussel, Belgium· 4 yrs active
Sector: Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied (72109)
Conclusion Checked

For the legal form of Swappable Batteries Motorcycle Consortium, Checked does not compute a bankruptcy probability. Its gross margin ranks better than 34% of 175 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Better than sector 34%
Active 4 yrs
Publications 7
Financial profile 2 of 5 axes measured · computed by Checked

We have read too little about this company to state a profile. That is neither reassurance nor a warning.

Computed on 2 of 5 axes. Not measured: health, profitability, growth. An unmeasured axis is not a zero: no data was read for it.

Health -
Profitability -
Solvency 100
Growth -
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free

For this legal form (e.g. co-owners' association, public body or foreign branch) we don't show a bankruptcy probability: some of these forms legally cannot go bankrupt and no reliable figure is possible here.

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
No health score: the filing is too brief
The accounts filed for FY 2024 supply 2 of the 6 factors this model weighs. Below 3 we publish no score, because it would mostly describe the model rather than this company.
This is not a judgement about the company. Micro and abbreviated schemas may omit turnover (rubriek 70), which makes the EBITDA margin and often the interest coverage impossible to compute.
Financial overview3 NBB filings
Annual accounts filed on 23-09-2025 with the NBB · fiscal year 2024 · micro
€0€250€500€750€1kOperating result 2022: €412€412Operating result 2023: €629€629Operating result 2024: €887€887202220232024
Operating result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Gross margin: growth of ~168.3%/year over 3 fiscal years, indicative, assuming unchanged policy.
€0€5k€10k€15k2025: €8k (€8k - €9k)2026: €10k (€10k - €11k)2027: €13k (€12k - €13k)2022: €1k2023: €6292024: €6k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 72 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Gross operating margin €6k €41k
better than 34% of 175 sector peers
Total assets €350k €145k
better than 78% of 175 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€6k
+840.7% 22-24
Total assets
€350k
+49.6% 22-24
Working capital
€300k
+44.5% 22-24
Debt
€350k
+49.6% 22-24
Debt ≤ 1y
€48k
+116.9% 22-24
Current ratio
7.20
-30.1% 22-24
Quick ratio
7.20
-30.1% 22-24
Interest coverage
6.63
+563.2% 22-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€6k
Net profit-
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€350k
Equity-
Debt€350k
of which ≤ 1y€48k
of which > 1y-
Working capital€300k
Employees (FTE)-
Ratios (computed)
2024
Current ratio7.20
Quick ratio7.20
Working capital ratio85.7%
Solvency-
Debt / equity-
Long-term debt ratio-
Interest coverage6.63
Gross margin-
Net margin-
ROA-
ROE-
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (14 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€350k
Fixed assets 21/28€2k
Intangible fixed assets 21€2k
Current assets 29/58€348k
Amounts receivable within one year 40/41€34k
Cash & bank 54/58€314k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€350k
Amounts payable 17/49€350k
Amounts payable within one year 42/48€48k
Trade debts payable within one year 44€24k
Income statement
Gross operating margin 9900€6k
Operating result 9901€887
Financial income 75€5
Financial charges 65€892
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Statutory auditor 4 auditor
Statutory auditor IRE/IBR number Tenure
Enrico Maria MayrhoferCurrent
Statutory auditor
 - 12-08-2024 → present
Frédéric BaudrierCurrent
Statutory auditor
 - 18-07-2025 → present
Toshiyuki AsamiCurrent
Statutory auditor
 - 12-08-2024 → present
Show 1 earlier auditors
Takeshi Higuchi
Statutory auditor
succeeded by Enrico Maria Mayrhofer in 2024
 - 12-08-2022 → 12-08-2024
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Legal Structure
NACE primary Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied(72109)
Legal form European economic interest grouping(065)
Incorporation04-02-2022
StatusActive
Postal code1000
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21805E0461/00L000
ProtectedArchitectural ensembleGeheel van neoclassicistische huizenSource ↗
 Brussels 2,479 m² 1 · 1,096 m² 33.3 m · 9 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
23-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
18-07-2025
State Gazette act Director changes
v3.2
11-03-2025
State Gazette act Director changes
v3.2
2024
30-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
12-08-2024
State Gazette act Director changes
v3.2
2023
31-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
18-08-2023
State Gazette act Director changes
v3.2
01-08-2023
State Gazette act Director changes
v3.2
2022
12-08-2022
State Gazette act Director changes
v3.2
14-02-2022
State Gazette act Incorporation
oprichting
Belgian State Gazette reading coverage 0 of 10 acts read

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 7 acts
All acts · 7 updated 1 year ago
2025
18-07-2025 Frédéric Baudrier reappointed as statutory auditor Director changes
  • Frédéric Baudrier, Commissaris
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Fr\u00E9d\u00E9ric Baudrier",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Conform\u00E9ment \u00E0 l\u0027article 8.2.1. du Contrat de groupement, \u00E0 l\u0027unanimit\u00E9, l\u0027Assembl\u00E9e G\u00E9n\u00E9rale d\u00E9cide de renouveler, pour une nouvelle p\u00E9riode de deux (2) ans, le mandat de M. Fr\u00E9d\u00E9ric Baudrier, de nationalit\u00E9 fran\u00E7aise, n\u00E9 le 28 mars 1965 \u00E0 75008 Paris (France) et domicili\u00E9 \u00E0 35 Bd Gouvion St Cyr, 7",
      "discharge_granted": true
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0781.620.060",
    "name_full": "SWAPPABLE BATTERIES MOTORCYCLE CONSORTIUM, EN ABREGE : SBMC",
    "legal_form": "GEIE"
  }
}
11-03-2025 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0781.620.060",
    "name_full": "SWAPPABLE BATTERIES MOTORCYCLE CONSORTIUM, EN ABREGE : SBMC",
    "legal_form": "GEIE"
  }
}
2024
12-08-2024 3 reappointed Director changes
  • Takeshi Higuchi, Commissaris
  • Enrico Maria Mayrhofer, Commissaris
  • Toshiyuki Asami, Commissaris
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Takeshi Higuchi",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e g\u00E9n\u00E9rale a donn\u00E9 d\u00E9charge aux membres du Comit\u00E9 de Direction.",
      "discharge_granted": true
    },
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Enrico Maria Mayrhofer",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e g\u00E9n\u00E9rale a donn\u00E9 d\u00E9charge aux membres du Comit\u00E9 de Direction.",
      "discharge_granted": true
    },
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Toshiyuki Asami",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e g\u00E9n\u00E9rale a donn\u00E9 d\u00E9charge aux membres du Comit\u00E9 de Direction.",
      "discharge_granted": true
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0781.620.060",
    "name_full": "SWAPPABLE BATTERIES MOTORCYCLE CONSORTIUM, EN ABREGE : SBMC",
    "legal_form": "GEIE"
  }
}
2023
18-08-2023 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0781.620.060",
    "name_full": "SWAPPABLE BATTERIES MOTORCYCLE CONSORTIUM, EN ABREGE : SBMC",
    "legal_form": "GEIE"
  }
}
01-08-2023 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0781.620.060",
    "name_full": "SWAPPABLE BATTERIES MOTORCYCLE CONSORTIUM, EN ABREGE : SBMC",
    "legal_form": "GEIE"
  }
}
2022
12-08-2022 Takeshi HIGUCHI appointed as statutory auditor Director changes
  • Takeshi HIGUCHI, Commissaris
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "commissaris_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Takeshi HIGUCHI",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Conform\u00E9ment \u00E0 l\u0027article 8.2.1 du Contrat de groupement, \u00E0 l\u0027unanimit\u00E9 l\u0027Assembl\u00E9e G\u00E9n\u00E9rale a confirm\u00E9 la nomination, comme nouveau membre au sein du Comit\u00E9 de Direction, de M. Takeshi HIGUCHI, de nationalit\u00E9 japonaise, n\u00E9 \u00E0 Hamamatsu, Shizuoka (Japon), le 27 avril 1969 et domicili\u00E9 \u00E0 Tomitsuka 3763"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0781.620.060",
    "name_full": "SWAPPABLE BATTERIES MOTORCYCLE CONSORTIUM, EN ABREGE : SBMC",
    "legal_form": "GEIE"
  }
}
14-02-2022 Incorporation of a new SNC Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Square de Mee\u00FBs, 40 - 1000 Bruxelles (Belgique)",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": {
        "kbo": null,
        "name": "Honda italia Industriale S.p.A."
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": "Honda italia Industriale S.p.A.",
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": 0,
      "amount_subscribed_eur": 0,
      "is_anonymous_silent_partner": false
    },
    {
      "org": {
        "kbo": null,
        "name": "KTM Forschungs \u0026 Entwicklungs GmbH"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": "KTM Forschungs \u0026 Entwicklungs GmbH",
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": 0,
      "amount_subscribed_eur": 0,
      "is_anonymous_silent_partner": false
    },
    {
      "org": {
        "kbo": null,
        "name": "Piaggio \u0026 C. S.p.A."
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": "Piaggio \u0026 C. S.p.A.",
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": 0,
      "amount_subscribed_eur": 0,
      "is_anonymous_silent_partner": false
    },
    {
      "org": {
        "kbo": null,
        "name": "Yamaha Motor Europe N.V."
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": "Yamaha Motor Europe N.V.",
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": 0,
      "amount_subscribed_eur": 0,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 0,
  "subject_company": {
    "kbo": "0781.620.060",
    "name_full": "Swappable Batteries Motorcycle Consortium",
    "legal_form": "SNC"
  },
  "initial_directors": [],
  "incorporation_date": "2022-01-31",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied72109
Primary activity highlighted.
Names & trade names
Legal nameFR Swappable Batteries Motorcycle Consortium
Registered office
de Meeûssquare 40
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative