swegon belgium
Activeswegon belgium has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.57M and a net result of €487k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-10
Solvency44▼-3
Growth68▲+1
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.38 in 2024; short-term debt: 78.2% and cash: 13.5% of total assets), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
18.9%
Return on assets
5.9%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
44 d early
2023
27 d early
2022
34 d early
2021
31 d early
2020
32 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€21.05M▲ 6.0%
2024 · €19.86M
2018: €15.53M
2019: €14.29M
2020: €12.51M
2021: €12.71M
2022: €15.23M
2023: €19.04M
2024: €19.86M
2018 → 2025
EBIT margin
3.4%▼ 2.9pp
2024 · 6.3%
2018: 3.9%
2019: 0.6%
2020: 3.9%
2021: 2.6%
2022: 4.0%
2023: 5.0%
2024: 6.3%
2018 → 2025
Net result
€487k▼ 45.8%
2024 · €899k
2018: €380k
2019: €10k
2020: €318k
2021: €194k
2022: €407k
2023: €666k
2024: €899k
2018 → 2025
Working capital
€1.77M▼ 7.8%
2024 · €1.92M
2018: €817k
2019: €945k
2020: €911k
2021: €1.11M
2022: €1.25M
2023: €1.57M
2024: €1.92M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.71M-€15.23M▲ 19.8%€19.04M▲ 25.0%€19.86M▲ 4.3%€21.05M▲ 6.0%
Equity€810k-€1.02M▲ 25.6%€1.28M▲ 26.1%€1.58M▲ 23.3%€1.57M▼ 0.8%
Operating result€327k-€605k▲ 85.2%€948k▲ 56.7%€1.25M▲ 32.0%€718k▼ 42.6%
Net result€194k-€407k▲ 110%€666k▲ 63.6%€899k▲ 35.0%€487k▼ 45.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.32M
Fixed assets
€47k▲ 17.2%
Current assets
€8.27M▲ 18.3%
Equity and liabilities €8.32M
Equity
€1.57M▼ 0.8%
Provisions
€239k▼ 35.3%
Debt
€6.51M▲ 28.1%
The debt ratio rises from 72.3% to 78.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€743k▼
2024 · €1.27M
Cash flow
€511k▼
2024 · €922k
Solvency
18.9%▼
2024 · 22.5%
Current ratio
1.27▼
2024 · 1.38
Quick ratio
1.01▼
2024 · 1.15
Debt / equity
4.15▲
2024 · 3.21
ROE
31.0%▼
2024 · 56.8%
ROA
5.9%▼
2024 · 12.8%
Interest coverage
15.20▼
2024 · 37.68
Debt
€6.51M▲
2024 · €5.08M
Debt ≤ 1 year
€6.51M▲
2024 · €5.08M
Income taxes
€184k▼
2024 · €323k
Staff costs
€2.81M▲
2024 · €2.34M
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€7.04M€8.32M▲
Fixed assets21/28€40k€47k▲
Tangible fixed assets22/27€37k€44k▲
Furniture and vehicles24€36k€39k▲
Other tangible fixed assets26€1k€5k▲
Financial fixed assets28€3k€3k=
Other financial fixed assets284/8€3k€3k=
Amounts receivable and cash guarantees285/8€3k€3k=
Current assets29/58€7.00M€8.27M▲
Stocks and contracts in progress3€1.16M€1.71M▲
Stocks30/36€1.16M€1.71M▲
Goods purchased for resale34€1.16M€1.71M▲
Amounts receivable within one year40/41€4.71M€5.41M▲
Trade receivables40€4.69M€5.34M▲
Other amounts receivable41€18k€64k▲
Cash at bank and in hand54/58€1.10M€1.12M▲
Deferred charges and accrued income490/1€28k€35k▲
Equity and liabilities
Total equity and liabilities10/49€7.04M€8.32M▲
Equity10/15€1.58M€1.57M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€1.51M€1.50M▼
Provisions and deferred taxes16€369k€239k▼
Provisions for liabilities and charges160/5€369k€239k▼
Other liabilities and charges164/5€369k€239k▼
Amounts payable17/49€5.08M€6.51M▲
Amounts payable within one year42/48€5.08M€6.51M▲
Trade debts44€3.67M€5.13M▲
Suppliers440/4€3.67M€5.13M▲
Advances received on contracts in progress46€191k€175k▼
Taxes, remuneration and social security45€617k€706k▲
Taxes450/3€213k€304k▲
Remuneration and social security454/9€404k€402k▼
Other amounts payable47/48€600k€500k▼
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Operating income70/76A€19.91M€21.12M▲
Turnover70€19.86M€21.05M▲
Other operating income74€56k€63k▲
Operating charges60/66A€18.66M€20.40M▲
Goods for resale, raw materials and consumables60€14.96M€16.00M▲
Purchases600/8€14.48M€16.60M▲
Change in stocks: decrease (increase)609€479k€-598k▼
Services and other goods61€1.29M€1.56M▲
Remuneration, social security and pensions62€2.34M€2.81M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€24k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-37k€-3k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€39k€-130k▼
Other operating charges640/8€56k€143k▲
Operating profit (loss)9901€1.25M€718k▼
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Income from financial fixed assets750€4k€2k▼
Other financial income752/9€1k€102▼
Financial charges65/66B€34k€49k▲
Recurring financial charges65€34k€49k▲
Other financial charges652/9€34k€49k▲
Profit (loss) for the period before taxes9903€1.22M€672k▼
Income taxes67/77€323k€184k▼
Taxes670/3€324k€184k▼
Tax adjustments and reversals of tax provisions77€384€127▼
Profit (loss) for the period9904€899k€487k▼
Profit (loss) for the period to be appropriated9905€899k€487k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.11M€2.00M▼
Profit (loss) brought forward from the previous period14P€1.21M€1.51M▲
Profit to be distributed694/7€600k€500k▼
Return on contributions (dividend)694€600k€500k▼
Social balance
Average headcount (FTE)908722.819.6▼
The notes to these accounts (43 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €899k ▲35%
Operating result €1.25M, net result €899k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.02M ▲25.6%
5 profitable years in a row build equity to €1.02M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €10k ▼97.4%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Gembloux · 2 establishment units since 2008
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.
Chaussée de Tirlemont 1025030 GemblouxGround area
1.7 ha
Building footprint
3,274 m²
Volume, LiDAR
4,033 m³
2 parcels, Flanders, Wallonia · tallest building 37.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
swegon belgium
since 20082.168.427.773
swegon belgium
since 20142.236.420.023
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0322/00H000 | Wallonia | 1.6 ha | 1 · 2,789 m² | - |
| 44402A0242/00Z000 | Flanders | 485 m² | 1 · 485 m² | 37.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 212 companies in sector 47527 we hold annual accounts for 146. 65 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-10-2007
Fiscal year end31-12
Activities, NACEBEL
46842Wholesale trade
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@swegon.be