SWD
ActiveSummary
The computed 12-month bankruptcy probability of SWD is 1.8% (moderate). The 2025 annual accounts show negative equity (-€427,692) and a net result of -€343,834. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 6% of 95 sector peers (NACE 29, financial year 2025). The company has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active Normal situation
- Activity
- Manufacture of motor vehicles, trailers and semi-trailers NACE 29320and 4 others
- Joint committees
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
- Establishment unit
- 2.006.068.777 8531 Harelbeke, since 30-01-1978
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Board and ownership
- Anthony JannesManaging director
- Ward DemyttenaereManaging director
- Construx Group100%· score 692025 annual accounts of Construx Group
- Construx Group BVconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.8%
- Gross margin
- €211,279
- Turnover
- ≈ €540,000
- estimated
- Loss
- €343,834
- ▼ 32.2%
- Equity
- -€427,692
- ▼ 410%
- Total assets
- €2.1m
- ▲ 80.3%
- Employees on 31-12-2025
- 1
- Negative equity on 31-12-2025
Score breakdownraises riskNegative equity -€427,692Loss of €343,834, the second in a row (financial year 2025)Liquidity: current ratio 1.04, cash €3,277lowers riskSize: 0.3 FTE, total assets €2.1mShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 29, micro). It does better than 9% of them on solvency, 35% on liquidity, 7% on profitability and 2% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 55 days after the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€427,692 View
- Risk: 6 loss-making years in a rowloss in financial year 2025 -€343,834 View
- Caution: Equity fell in 2025from -€83,858 to -€427,692 ▼ 410% View
- Caution: Lower solvency than 93% of companies in motor vehiclessector median 38.0% · 95 companies -20.1% View
Recent changes
- · Gazette deed 4 directors appointed, 4 directors resigningResignations: Yvette Dupon, Christine Swyngedouw and Sam Vroman · Appointments: Anthony Jannes (director) and Ward Demyttenaere (director)
- · Gazette deed Appointments: Yvette Dupon, Christine Swyngedouw and Sam Vroman
Comparable companies
These companies have the same main activity as SWD: manufacture of motor vehicles, trailers and semi-trailers (NACE 29320). They are comparable in size and age: total assets between €415,000 and €2.8m, founded between 1955 and 1980.
| Company | Total assets | Gross margin |
|---|---|---|
| SWD Harelbeke | €2.1m | €0.2m |
| GROEP GENERALFREIN STAPPERS Sint-Pieters-Leeuw | €2.3m | €0.1m |
| Radiatoren Peeters-Van Tongel Antwerpen | €1.7m | €0.5m |
| Werkhuizen Frans Stevens Antwerpen | €0.8m | €0.3m |
| Reparad Vilvoorde | €0.4m | €0.4m |
| REVISIEBEDRIJF CLAEYS Oostkamp | €0.7m | €0.3m |
| CAT CAMS Wommelgem | €2.8m | €0.5m |
Key facts about SWD
- What is the company number of SWD?
- The company number of SWD is 0405.143.264. The VAT number is the same number with BE in front: BE 0405.143.264.
- Where is SWD based?
- The registered office is at Brugsesteenweg 2A, 8531 Harelbeke.Company details
- What does SWD do?
- According to the KBO register, the main activity is manufacture of motor vehicles, trailers and semi-trailers (NACE 29320).
- What is the legal form of SWD?
- The legal form of SWD is Public limited company (NV).
- When was SWD founded?
- SWD was founded on 01-01-1968.
- Is SWD still active?
- Yes, SWD is an active enterprise in the KBO register.
- How many employees does SWD have?
- SWD had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SWD fall under?
- In its 2025 annual accounts, SWD states joint committees 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw) and 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
- What is the turnover of SWD?
- The turnover in financial year 2025 is ≈ €540,000. This figure is estimated from the gross margin of €211,279 and 1,647 comparable companies of the same size. It probably lies between €330,000 and €1.0m. It is a rough estimate.
- Is SWD profitable?
- In financial year 2025, SWD made a loss of €343,834.
- Where can I find the annual accounts of SWD?
- SWD filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SWD due?
- SWD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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