Swapps
The computed 12-month bankruptcy probability of Swapps is 4.7% (elevated). The 2024 annual accounts show negative equity (€-20k) and a net result of €-8k. Equity is shrinking by ~52% per year across the filed fiscal years. Its solvency ranks better than 5% of 6645 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-20k |
| Net result | €-8k |
| Better than sector | 5% |
| Active | 4 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -234.3% | 20.3% | |
| Net result | €-8k | €4k | |
| Equity | €-20k | €16k | |
| Gross operating margin | €-4k | €24k | |
| Total assets | €8k | €94k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-4k |
| Net profit | €-8k |
| Cash flow | €-8k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €8k |
| Equity | €-20k |
| Debt | €28k |
| of which ≤ 1y | €28k |
| of which > 1y | - |
| Working capital | €-20k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.30 |
| Quick ratio | 0.00 |
| Working capital ratio | -234.3% |
| Solvency | -234.3% |
| Debt / equity | -1.43 |
| Long-term debt ratio | - |
| Interest coverage | -1.21 |
| Gross margin | - |
| Net margin | - |
| ROA | -96.2% |
| ROE | 41.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €8k |
| Fixed assets | 21/28 | €0 |
| Tangible fixed assets | 22/27 | €0 |
| Current assets | 29/58 | €8k |
| Stocks & contracts in progress | 3 | €8k |
| Amounts receivable within one year | 40/41 | €59 |
| Cash & bank | 54/58 | €34 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8k |
| Equity | 10/15 | €-20k |
| Contributions / capital | 10/11 | €15k |
| Accumulated profits (losses) | 14 | €-35k |
| Amounts payable | 17/49 | €28k |
| Amounts payable within one year | 42/48 | €28k |
| Income statement | ||
| Gross operating margin | 9900 | €-4k |
| Operating result | 9901 | €-5k |
| Financial income | 75 | €43 |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €-8k |
| Net result for the period | 9904 | €-8k |
| Result to be appropriated | 9905 | €-8k |
| NACE primary | Retail trade(47120) |
| Legal form | Private limited company(610) |
| Incorporation | 29-11-2021 |
| Status | Active |
| Postal code | 9200 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021D0419/00P002 | Flanders | 844 m² | 1 · 846 m² | 23.6 m · 7 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
13-12-2022 Patrick Vanden Broeck resigns as non-statutory director
- Patrick Vanden Broeck, Niet-statutair bestuurder
Technical details
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"effective_date": "2022-10-31",
"evidence_quote": "het ontslag van de heer Patrick Vanden Broeck als niet-statutair bestuurder te aanvaarden met ingang vanaf 31 oktober 2022.",
"decharge_status": "pending_next_agm",
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},
"act_meta": {
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"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
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"subject_company": {
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"name_full": "SWAPPS",
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Swapps |