SWAPPERZ
ActiveSWAPPERZ has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 688 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-5
Solvency24▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.35 in 2024; short-term debt: 83.8% and cash: 0.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 688 sector peers (2025).
NBB · sector comparisonPosition among 688 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 17-04-2026, 17 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
17 d late
2024
122 d late
2023
96 d late
2022
189 d late
2021
53 d late
2020
30 d late
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close22-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-39k▲ 19.1%
2024 · €-48k
2020: €71k
2021: €101k
2022: €-74k
2023: €-76k
2024: €-48k
2020 → 2025
Total assets
€2.68M▲ 15.8%
2024 · €2.31M
2020: €865k
2021: €844k
2022: €1.98M
2023: €2.08M
2024: €2.31M
2020 → 2025
Net result
€9k▼ 66.4%
2024 · €28k
2020: €43k
2021: €30k
2022: €-175k
2023: €-2k
2024: €28k
2020 → 2025
Working capital
€-1.25M▼ 28.3%
2024 · €-974k
2020: €-40k
2021: €-72k
2022: €-1.16M
2023: €-933k
2024: €-974k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€-74k€-76k▼ 3.0%€-48k▲ 36.2%€-39k▲ 19.1%
Operating result€47k-€-158k€57k€65k▲ 13.4%€48k▼ 25.7%
Net result€30k-€-175k€-2k▲ 98.7%€28k€9k▼ 66.4%
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 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.68M
Fixed assets
€1.68M▼ 5.1%
Current assets
€992k▲ 85.4%
Key figures and ratios
EBITDA
€150k▼
2024 · €161k
Cash flow
€111k▼
2024 · €124k
Solvency
-1.5%▲
2024 · -2.1%
Current ratio
0.44▲
2024 · 0.35
Quick ratio
0.44▲
2024 · 0.35
Debt / equity
-69.18▼
2024 · -48.62
ROA
0.3%▼
2024 · 1.2%
Interest coverage
3.84▼
2024 · 4.29
Debt
€2.71M▲
2024 · €2.36M
Debt ≤ 1 year
€2.24M▲
2024 · €1.51M
Debt > 1 year
€469k▼
2024 · €845k
Staff costs
€168k▼
2024 · €169k
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€2.31M€2.68M▲
Fixed assets21/28€1.77M€1.68M▼
Tangible fixed assets22/27€634k€543k▼
Land and buildings22€535k€460k▼
Plant, machinery and equipment23€54k€47k▼
Furniture and vehicles24€46k€35k▼
Financial fixed assets28€1.14M€1.14M=
Current assets29/58€535k€992k▲
Amounts receivable within one year40/41€513k€976k▲
Trade receivables40€257k€605k▲
Other amounts receivable41€256k€371k▲
Cash at bank and in hand54/58€20k€15k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.31M€2.68M▲
Equity10/15€-48k€-39k▲
Contributions10/11€119k€119k=
Profit (loss) carried forward14€-167k€-158k▲
Amounts payable17/49€2.36M€2.71M▲
Amounts payable after more than one year17€845k€469k▼
Financial debts170/4€845k€469k▼
Amounts payable within one year42/48€1.51M€2.24M▲
Current portion of amounts payable after more than one year42€169k€402k▲
Trade debts44€342k€761k▲
Suppliers440/4€342k€761k▲
Advances received on contracts in progress46€2k€11k▲
Taxes, remuneration and social security45€24k€34k▲
Taxes450/3€6k€6k▼
Remuneration and social security454/9€18k€28k▲
Other amounts payable47/48€972k€1.03M▲
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€169k€168k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€101k▲
Other operating charges640/8€5k€7k▲
Gross operating margin9900€335k€324k▼
Operating profit (loss)9901€65k€48k▼
Financial income75/76B€210€0▼
Recurring financial income75€210€0▼
Financial charges65/66B€38k€39k▲
Recurring financial charges65€38k€39k▲
Profit (loss) for the period before taxes9903€28k€9k▼
Profit (loss) for the period9904€28k€9k▼
Profit (loss) for the period to be appropriated9905€28k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-167k€-158k▲
Profit (loss) brought forward from the previous period14P€-195k€-167k▲
Social balance
Average headcount (FTE)90873.94.2▲
The notes to these accounts (17 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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 122 days late
2024
31-08
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 96 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 189 days late
2022
31-08
Financial
Weakest financial yearnet €-175k ▼683%
Net result drops to €-175k, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
31-08
Financial
Equity above €100kEq €101k ▲42.4%
2 profitable years in a row build equity to €101k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
18-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 293 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Jette · 2 establishment units since 2014
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.
Honoré Longtinstraat 1031090 JetteGround area
1,142 m²
Building footprint
270 m²
Volume, LiDAR
2,752 m³
Parcel 21464D0079/00M000, Brussels · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Honoré Longtinstraat 103, 1090 Jette
since 20142.231.467.974
Humain, Rue de Borzileux ZN, 6900 Marche-en-Famenne
since 20192.292.193.835
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0079/00M000 | Brussels | 1,142 m² | 1 · 270 m² | 13.5 m · 4 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.
Similar companies · same sector, comparable size
PAP
BE 0450.928.155
Theux · Eq €100k
MARVAL
BE 0442.394.333
Schilde · Eq €104k
IRENT
BE 0802.197.621
Vilvoorde · Eq €106k
In De Ban Van Buiten
BE 0802.069.145
Putte · Eq €95k
A PROPOS
BE 0432.232.691
Brussel · Eq €108k
Of 732 companies in sector 55209 we hold annual accounts for 208. 153 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2014
Fiscal year end31-08
Activities, NACEBEL
55100Hotels and similar accommodation
55209Other holiday and short-stay accommodation
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.