Financials
- Fiscal year
- 2024
- Total assets
- €42,168
- Loss
- -€1,681
- Solvency
- 61.9%
Total assets▼ 1.7%
Net result
20182024
SWELAB
ActiveSummary
SWELAB has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26,111 and a net result of -€1,681. Equity remains stable across the filed fiscal years (±1.2% per year). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Activity
Activity not known1 site
Size
€42,168total assets 2024
- Equity
- €26,111
- Loss
- -€1,681
Turnover not published (abridged schema)
Structure
Accounts 64 d overdue0 of 2 deeds read
Why 62- Figures for FY 2024 (filed 02-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late+ Founded in 1988+ Size: total assets €42,168Show the evidence
Checked score
Score 2024
62
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 30% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
87-3
equity 61.9% of total assets
Liquidity
41+1
short-term debt 29.5% · cash 2.9%
Profitability
14+10
return on assets -4.0%
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 0.9%● 0.0% vs 11-2024
01-2025: 0.9%▼ -0.7% vs 12-2024
02-2025: 0.9%● 0.0% vs 01-2025
03-2025: 0.9%▼ -0.9% vs 02-2025
04-2025: 0.9%▲ +2.0% vs 03-2025
05-2025: 0.9%▲ +0.5% vs 04-2025
06-2025: 1.0%▲ +9.5% vs 05-2025
07-2025: 1.2%▲ +15.5% vs 06-2025
08-2025: 1.5%▲ +22.3% vs 07-2025
09-2025: 1.4%▼ -1.2% vs 08-2025
10-2025: 0.5%▼ -62.3% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%▼ -1.8% vs 12-2025
02-2026: 0.5%● 0.0% vs 01-2026
03-2026: 0.5%▼ -0.9% vs 02-2026lowest value
04-2026: 0.5%▲ +2.1% vs 03-2026
05-2026: 0.5%▲ +0.6% vs 04-2026
06-2026: 0.6%▲ +10.3% vs 05-2026
07-2026: 0.6%▲ +6.4% vs 06-2026
08-2026: 0.9%▲ +49.1% vs 07-2026
09-2026: 1.1%▲ +12.0% vs 08-2026
10-2026: 1.5%▲ +41.1% vs 09-2026highest value
- Founded in 1988 lowers the probability for this profile
- Size: total assets €42,168 lowers the probability for this profile
- Figures for FY 2024 (filed 02-09-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late raises the probability
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.29 in 2023; short-term debt: 29.5% and cash: 2.9% of total assets), and 38.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 52%, liquidity 24%, profitability 14%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€1,681
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not confirmed
2024
31 d late
2023
31 d late
2022
61 d late
2021
61 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 51 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Weakest financial yearnet -€5,174
Key points
By topic
Timeline
- Events
- 12
- Since
- 2016
- 31-08-2025Annual accounts filed
- 31-08-2024Annual accounts filed
- 31-12-2023Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Founded
- 08-09-1988
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.