SWATT
ActiveSummary
SWATT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €304k and a net result of €169k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+9
Solvency54▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.24 in 2024; short-term debt: 57.8% and cash: 22.5% of total assets), and 71.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.6%
Return on assets
15.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-03-2026, 55 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
55 d early
2024
103 d early
2023
133 d early
2022
132 d early
2021
67 d early
2020
43 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€304k▲ 29.3%
2024 · €235k
2020: €22klowest in 6 years
2021: €107k▲ +377% vs 2020
2022: €229k▲ +114% vs 2021
2023: €231k▲ +0.9% vs 2022
2024: €235k▲ +1.7% vs 2023
2025: €304k▲ +29.3% vs 2024highest in 6 years
2020 → 2025
Total assets
€1.06M▼ 11.3%
2024 · €1.19M
2020: €190klowest in 6 years
2021: €535k▲ +182% vs 2020
2022: €891k▲ +66.5% vs 2021
2023: €1.17M▲ +31.0% vs 2022
2024: €1.19M▲ +2.3% vs 2023highest in 6 years
2025: €1.06M▼ -11.3% vs 2024
2020 → 2025
Net result
€169k▲ 62.6%
2024 · €104k
2020: €16klowest in 6 years
2021: €85k▲ +420% vs 2020
2022: €122k▲ +44.0% vs 2021
2023: €167k▲ +37.0% vs 2022
2024: €104k▼ -37.8% vs 2023
2025: €169k▲ +62.6% vs 2024highest in 6 years
2020 → 2025
Working capital
€210k▲ 27.7%
2024 · €164k
2020: €-20klowest in 6 years
2021: €6k▲ +129% vs 2020
2022: €83k▲ +1298% vs 2021
2023: €148k▲ +79.1% vs 2022
2024: €164k▲ +11.0% vs 2023
2025: €210k▲ +27.7% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€107k-€229k▲ 114%€231k▲ 0.9%€235k▲ 1.7%€304k▲ 29.3%
2021: €107klowest in 5 years
2022: €229k▲ +114% vs 2021
2023: €231k▲ +0.9% vs 2022
2024: €235k▲ +1.7% vs 2023
2025: €304k▲ +29.3% vs 2024highest in 5 years
Operating result€99k-€166k▲ 67.0%€236k▲ 42.1%€161k▼ 31.9%€248k▲ 54.1%
2021: €99klowest in 5 years
2022: €166k▲ +67.0% vs 2021
2023: €236k▲ +42.1% vs 2022
2024: €161k▼ -31.9% vs 2023
2025: €248k▲ +54.1% vs 2024highest in 5 years
Net result€85k-€122k▲ 44.0%€167k▲ 37.0%€104k▼ 37.8%€169k▲ 62.6%
2021: €85klowest in 5 years
2022: €122k▲ +44.0% vs 2021
2023: €167k▲ +37.0% vs 2022
2024: €104k▼ -37.8% vs 2023
2025: €169k▲ +62.6% vs 2024highest in 5 years
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 recovers in 2025; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€238k ▼ 32.3%
Current assets
€822k ▼ 2.5%
Equity and liabilities €1.06M
Equity
€304k ▲ 29.3%
Debt
€757k ▼ 21.2%
Debt's share of the balance-sheet total falls from 80.3% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€367k▲
2024 · €279k
Cash flow
€289k▲
2024 · €222k
Current ratio
1.34▲
2024 · 1.24
Quick ratio
1.34▲
2024 · 1.24
Debt to equity
2.49▼
2024 · 4.09
ROE
55.6%▲
2024 · 44.2%
ROA
15.9%▲
2024 · 8.7%
Interest coverage
19.66▲
2024 · 11.81
Debt ≤ 1 year
€613k▼
2024 · €679k
Debt > 1 year
€127k▼
2024 · €261k
Income taxes
€78k▲
2024 · €57k
Staff costs
€1.29M▼
2024 · €1.29M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.19M€1.06M▼
Fixed assets21/28€351k€238k▼
Intangible fixed assets21€28k€22k▼
Tangible fixed assets22/27€321k€214k▼
Plant, machinery and equipment23€21k€24k▲
Furniture and vehicles24€31k€7k▼
Leasing and similar rights25€257k€173k▼
Other tangible fixed assets26€12k€10k▼
Financial fixed assets28€3k€3k▲
Current assets29/58€843k€822k▼
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€573k€532k▼
Trade receivables40€573k€532k▼
Other amounts receivable41€226€201▼
Cash at bank and in hand54/58€245k€239k▼
Deferred charges and accrued income490/1€24k€50k▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.06M▼
Equity10/15€235k€304k▲
Contributions10/11€6k€6k=
Reserves13€104k€204k▲
Distributable reserves133€104k€204k▲
Profit (loss) carried forward14€125k€94k▼
Amounts payable17/49€960k€757k▼
Amounts payable after more than one year17€261k€127k▼
Financial debts170/4€261k€127k▼
Amounts payable within one year42/48€679k€613k▼
Current portion of amounts payable after more than one year42€100k€83k▼
Financial debts43€32k€38k▲
Credit institutions430/8€32k€38k▲
Trade debts44€154k€119k▼
Suppliers440/4€154k€119k▼
Taxes, remuneration and social security45€260k€242k▼
Taxes450/3€55k€70k▲
Remuneration and social security454/9€205k€172k▼
Other amounts payable47/48€133k€130k▼
Accrued charges and deferred income492/3€20k€17k▼
Income statement
Code20242025
Non-recurring operating income76A€16k€12k▼
Remuneration, social security and pensions62€1.29M€1.29M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€118k€120k▲
Other operating charges640/8€9k€8k▼
Non-recurring operating charges66A€3k€9k▲
Gross operating margin9900€1.58M€1.67M▲
Operating profit (loss)9901€161k€248k▲
Financial income75/76B€24k€17k▼
Recurring financial income75€24k€17k▼
Financial charges65/66B€24k€19k▼
Recurring financial charges65€24k€19k▼
Profit (loss) for the period before taxes9903€161k€246k▲
Income taxes67/77€57k€78k▲
Profit (loss) for the period9904€104k€169k▲
Profit (loss) for the period to be appropriated9905€104k€169k▲
Appropriation of the result
Profit (loss) to be appropriated9906€329k€294k▼
Profit (loss) brought forward from the previous period14P€225k€125k▼
Transfer to equity691/2€104k€100k▼
To other reserves6921€104k€100k▼
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)908720.419.5▼
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6k | €16k | €12k | ▼ 24.7% |
| Remuneration, social security and pensions62 | - | €674k | €1.04M | €1.29M | €1.29M | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €74k | €103k | €118k | €120k | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-10k | €0 | - | - | - |
| Other operating charges640/8 | - | €12k | €6k | €9k | €8k | ▼ 13.4% |
| Non-recurring operating charges66A | - | €75 | €400 | €3k | €9k | ▲ 213% |
| Gross operating margin9900 | €396k | €915k | €1.38M | €1.58M | €1.67M | ▲ 5.8% |
| Operating profit (loss)9901 | €99k | €166k | €236k | €161k | €248k | ▲ 54.1% |
| Financial income75/76B | - | €1k | €6k | €24k | €17k | ▼ 27.4% |
| Recurring financial income75 | €792 | €1k | €6k | €24k | €17k | ▼ 27.4% |
| Financial charges65/66B | - | €8k | €18k | €24k | €19k | ▼ 20.9% |
| Recurring financial charges65 | €5k | €8k | €18k | €24k | €19k | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €95k | €159k | €224k | €161k | €246k | ▲ 53.0% |
| Income taxes67/77 | €11k | €37k | €57k | €57k | €78k | ▲ 35.5% |
| Profit (loss) for the period9904 | €85k | €122k | €167k | €104k | €169k | ▲ 62.6% |
| Profit (loss) for the period to be appropriated9905 | €85k | €122k | €167k | €104k | €169k | ▲ 62.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €535k | €891k | €1.17M | €1.19M | €1.06M | ▼ 11.3% |
| Fixed assets21/28 | €248k | €330k | €390k | €351k | €238k | ▼ 32.3% |
| Intangible fixed assets21 | €49k | €40k | €34k | €28k | €22k | ▼ 21.8% |
| Tangible fixed assets22/27 | €196k | €287k | €354k | €321k | €214k | ▼ 33.5% |
| Plant, machinery and equipment23 | - | €24k | €26k | €21k | €24k | ▲ 12.1% |
| Furniture and vehicles24 | - | €88k | €59k | €31k | €7k | ▼ 76.8% |
| Leasing and similar rights25 | - | €159k | €255k | €257k | €173k | ▼ 32.9% |
| Other tangible fixed assets26 | - | €15k | €14k | €12k | €10k | ▼ 15.0% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | ▲ 0.7% |
| Current assets29/58 | €287k | €561k | €778k | €843k | €822k | ▼ 2.5% |
| Stocks and contracts in progress3 | €1k | €1k | €534 | €2k | €1k | ▼ 16.0% |
| Stocks30/36 | - | €1k | €534 | €2k | €1k | ▼ 16.0% |
| Amounts receivable within one year40/41 | €199k | €334k | €501k | €573k | €532k | ▼ 7.1% |
| Trade receivables40 | - | €333k | €484k | €573k | €532k | ▼ 7.1% |
| Other amounts receivable41 | - | €347 | €17k | €226 | €201 | ▼ 11.0% |
| Cash at bank and in hand54/58 | €75k | €211k | €245k | €245k | €239k | ▼ 2.6% |
| Deferred charges and accrued income490/1 | - | €15k | €31k | €24k | €50k | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €535k | €891k | €1.17M | €1.19M | €1.06M | ▼ 11.3% |
| Equity10/15 | €107k | €229k | €231k | €235k | €304k | ▲ 29.3% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | - | - | - | €104k | €204k | ▲ 96.3% |
| Distributable reserves133 | - | - | - | €104k | €204k | ▲ 96.3% |
| Profit (loss) carried forward14 | €101k | €223k | €225k | €125k | €94k | ▼ 25.0% |
| Amounts payable17/49 | €428k | €662k | €937k | €960k | €757k | ▼ 21.2% |
| Amounts payable after more than one year17 | €144k | €181k | €299k | €261k | €127k | ▼ 51.1% |
| Financial debts170/4 | - | €181k | €299k | €261k | €127k | ▼ 51.1% |
| Amounts payable within one year42/48 | €281k | €479k | €630k | €679k | €613k | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | - | €74k | €99k | €100k | €83k | ▼ 16.8% |
| Financial debts43 | - | €111k | €29k | €32k | €38k | ▲ 21.0% |
| Credit institutions430/8 | - | €111k | €29k | €32k | €38k | ▲ 21.0% |
| Trade debts44 | €70k | €130k | €88k | €154k | €119k | ▼ 22.8% |
| Suppliers440/4 | - | €130k | €88k | €154k | €119k | ▼ 22.8% |
| Taxes, remuneration and social security45 | - | €150k | €248k | €260k | €242k | ▼ 7.0% |
| Taxes450/3 | - | €53k | €87k | €55k | €70k | ▲ 28.1% |
| Remuneration and social security454/9 | - | €98k | €162k | €205k | €172k | ▼ 16.3% |
| Other amounts payable47/48 | - | €13k | €166k | €133k | €130k | ▼ 2.3% |
| Accrued charges and deferred income492/3 | - | €3k | €8k | €20k | €17k | ▼ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85k | €122k | €167k | €104k | €169k | ▲ 62.6% |
| + Depreciation and write-downs630 | €41k | €74k | €103k | €118k | €120k | ▲ 1.3% |
| Operating cash flow (approximation) | €126k | €196k | €270k | €222k | €289k | ▲ 30.0% |
| Investment in fixed assets (approximation) | - | €-155k | €-163k | €-79k | €-6k | ▲ 92.0% |
| Change in cash | - | €136k | €34k | €-351 | €-6k | ▼ 1,687% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2020net €169k ▲62.6%
Operating result €248k, net result €169k, both a record.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-09
Financial
Equity above €200kEq €229k ▲114%
3 profitable years in a row build equity to €229k.
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €107k ▲377%
2 profitable years in a row build equity to €107k.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Izegem · 1 establishment unit since 2021
Ground area
4,347 m²
Building footprint
1,626 m²
Parcel 36494E0720/00S000, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Roeselaarsestraat 668, 8870 Izegem
since 20212.324.852.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494E0720/00S000 | Flanders | 4,347 m² | 1 · 1,625 m² | 0.0 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 34,670 EUR awarded · 34,307 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,169 EUR | 6,935 EUR |
| 2024 | 2 | 7,154 EUR | 14,478 EUR |
| 2023 | 2 | 14,953 EUR | 7,614 EUR |
| 2022 | 1 | 5,394 EUR | 5,280 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2019
Fiscal year end30-09
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
82990Other business support services
78200Temporary employment agencies and other provision of personnel
Scores and ratios are computed by Checked and are not a credit decision.