Losses
-€26,318 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
SWERS
Lifetime
20 annual accounts with figures on one time axis, 43 filings since 1983peak €112,164 (2011)
-€9,643▼ €3,757
lowest -€65,039 (2013)
-€11,140▼ €3,487
peak €157,149 (2015)
€116,440▼ 8.7%
€1,307▼ 56.7%
peak 1 FTE (2011)
-not published
Board1 name since 2021
1 directorSWERS Rolland
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from -€5,886 to -€9,643Loss of €11,140Debts from €3,015 to €1,307Cash from €2,296 to €4,890
Key points
from the 2025 annual accountsLiquidity
87.80 was 41.45 in 2024
Short-term debts fell from €3,015 to €1,307.
Filings
43 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Turnover not published (micro format)
Checked score
69
Healthy
Financially stronger than 49% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.7%▼ -0.2 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
Loss of €11,140, the second in a row (financial year 2025)
Last filed accounts filed 61 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1982
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 47, micro). It does better than 92% of them on solvency, 61% on liquidity, 16% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as SWERS has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SWERS itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for SWERS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 87.8 (41.45 in 2024), above the usual 1.5. Short-term debt is 1.1% and cash 4.2% of total assets. 1.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,140
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
1 day early
2023
14 days late
2022
4 days early
2021
18 days late
2020
89 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Change of role: SWERS Rolland, from statutory director to director
Director discharge: SWERS Rolland · General meeting of 27-12-2023 · Gazette deed
First establishment
SWERS BVBA, Grensstraat 83, Diepenbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SWERS Diepenbeek | €117,747 | -€9,643 | 98.9% | - |
| CHRISCADO Mechelen | €96,649 | -€24 | 99.7% | - |
| ALAF Erpe-Mere | €193,737 | -€124,952 | 34.7% | - |
| STALPORT CONTEMPORAIN Liège | €190,178 | -€12,408 | 41.8% | - |
| Discotex Brussels | €232,592 | -€1,082 | -145.1% | - |
| WAW Anzegem | €159,538 | -€4,390 | 50.7% | - |
| ERLI Oudenaarde | €58,684 | -€2,191 | 99.5% | - |
These companies have the same main activity as SWERS: retail sale of lighting equipment (NACE 47552). They are comparable in size and age: total assets between €58,700 and €233,000, founded between 1975 and 1992.
Official details
Source: KBO- Status
- Active since 25-06-1982Normal situation
- Activity
- Retail sale of lighting equipmentNACE 47552and 1 other
- Establishment unit
- 2.020.756.5573590 Diepenbeek, since 01-07-1982
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on SWERS
SWERS files the micro format. That format states no turnover. The gross margin fell from €33,040 in 2006 to -€9,643 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SWERS
- What is the company number of SWERS?
- The company number of SWERS is 0422.828.542. The VAT number is the same number with BE in front: BE 0422.828.542.
- Where is SWERS based?
- The registered office is at Grensstraat 83, 3590 Diepenbeek.Company details
- What does SWERS do?
- According to the KBO register, the main activity is retail sale of lighting equipment (NACE 47552).
- What is the legal form of SWERS?
- SWERS is a private limited company (BV).
- When was SWERS founded?
- SWERS was founded on 25-06-1982.
- Is SWERS still active?
- Yes, SWERS is an active enterprise in the KBO register.
- What is the turnover of SWERS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SWERS profitable?
- In financial year 2025, SWERS made a loss of €11,140.
- Where can I find the annual accounts of SWERS?
- SWERS filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SWERS due?
- SWERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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