SWERS
ActiveSummary
SWERS has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €128k and a net result of €-8k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 41.45 against 21.56 in 2023; short-term debt: 2.3% and cash: 1.8% of total assets), and 2.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97.7%
Return on assets
-5.9%
Age of the figures
21 mo
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 €-8k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
14 d late
2022
4 d early
2021
18 d late
2020
89 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€128k▼ 5.7%
2023 · €135k
Total assets
€131k▼ 7.6%
2023 · €141k
Net result
€-8k▼ 298%
2023 · €-2k
Working capital
€122k▼ 3.5%
2023 · €126k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-3k€9k€-6k€-6k▼ 13.8%€-10k▼ 52.5%
Net result€-3k€2k€-6k€-2k▲ 65.6%€-8k▼ 298%
Equity€141k▼ 1.9%€143k▲ 1.3%€137k▼ 3.9%€135k▼ 1.4%€128k▼ 5.7%
Total assets€142k▼ 14.1%€151k▲ 6.3%€152k▲ 0.7%€141k▼ 7.0%€131k▼ 7.6%
Debt€971▼ 95.5%€8k▲ 737%€15k▲ 82.9%€6k▼ 58.6%€3k▼ 50.9%
Working capital€140k▲ 0.9%€136k▼ 2.9%€125k▼ 8.0%€126k▲ 1.1%€122k▼ 3.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €6k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€6k ▼ 36.8%
Current assets
€125k ▼ 5.7%
Equity and liabilities €131k
Equity
€128k ▼ 5.7%
Debt
€3k ▼ 50.9%
Debt's share of the balance-sheet total falls from 4.3% to 2.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2023 · €-3k
Cash flow
€-4k▼
2023 · €1k
Current ratio
41.45▲
2023 · 21.56
Quick ratio
41.37▲
2023 · 21.53
Debt to equity
0.02▼
2023 · 0.05
ROE
-6.0%▼
2023 · -1.4%
ROA
-5.9%▼
2023 · -1.4%
Interest coverage
-86.18▼
2023 · -39.60
Debt ≤ 1 year
€3k▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €762 | €1k | €3k | €3k | €3k | ▼ 2.2% |
| Other operating charges640/8 | - | €410 | €472 | €446 | €449 | ▲ 0.6% |
| Gross operating margin9900 | €-1k | €10k | €-2k | €-3k | €-6k | ▼ 134% |
| Operating profit (loss)9901 | €-3k | €9k | €-6k | €-6k | €-10k | ▼ 52.5% |
| Financial income75/76B | - | €2k | €1 | €4k | €2k | ▼ 54.6% |
| Recurring financial income75 | €2k | €2k | €1 | €4k | €2k | ▼ 54.6% |
| Financial charges65/66B | - | €431 | €71 | €75 | €74 | ▼ 1.6% |
| Recurring financial charges65 | €2k | €431 | €71 | €75 | €74 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €-3k | €10k | €-6k | €-2k | €-8k | ▼ 298% |
| Income taxes67/77 | - | €9k | - | - | - | - |
| Profit (loss) for the period9904 | €-3k | €2k | €-6k | €-2k | €-8k | ▼ 298% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €2k | €-6k | €-2k | €-8k | ▼ 298% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142k | €151k | €152k | €141k | €131k | ▼ 7.6% |
| Fixed assets21/28 | €1k | €7k | €12k | €9k | €6k | ▼ 36.8% |
| Tangible fixed assets22/27 | €1k | €7k | €12k | €9k | €6k | ▼ 36.8% |
| Plant, machinery and equipment23 | - | €7k | €12k | €9k | €6k | ▼ 36.8% |
| Current assets29/58 | €141k | €144k | €140k | €133k | €125k | ▼ 5.7% |
| Stocks and contracts in progress3 | €700 | €320 | €215 | €183 | €238 | ▲ 30.0% |
| Stocks30/36 | - | €320 | €215 | €183 | €238 | ▲ 30.0% |
| Amounts receivable within one year40/41 | €134k | €128k | €135k | €128k | €122k | ▼ 4.8% |
| Trade receivables40 | - | €55k | €63k | €57k | €54k | ▼ 5.3% |
| Other amounts receivable41 | - | €73k | €72k | €70k | €67k | ▼ 4.4% |
| Cash at bank and in hand54/58 | €6k | €15k | €4k | €5k | €2k | ▼ 50.3% |
| Deferred charges and accrued income490/1 | - | €471 | - | - | €857 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142k | €151k | €152k | €141k | €131k | ▼ 7.6% |
| Equity10/15 | €141k | €143k | €137k | €135k | €128k | ▼ 5.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €104k | €104k | €119k | €119k | €119k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €102k | €117k | €119k | €119k | = |
| Profit (loss) carried forward14 | €18k | €20k | - | €-2k | €-10k | ▼ 398% |
| Amounts payable17/49 | €971 | €8k | €15k | €6k | €3k | ▼ 50.9% |
| Amounts payable within one year42/48 | €971 | €8k | €15k | €6k | €3k | ▼ 50.9% |
| Trade debts44 | €971 | €6k | €13k | €6k | €3k | ▼ 50.9% |
| Suppliers440/4 | - | €6k | €13k | €6k | €3k | ▼ 50.9% |
| Taxes, remuneration and social security45 | - | €2k | €2k | - | - | - |
| Taxes450/3 | - | €2k | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €2k | €-6k | €-2k | €-8k | ▼ 298% |
| + Depreciation and write-downs630 | €762 | €1k | €3k | €3k | €3k | ▼ 2.2% |
| Operating cash flow (approximation) | €-2k | €3k | €-3k | €1k | €-4k | ▼ 411% |
| Investment in fixed assets (approximation) | - | €-7k | €-8k | €0 | €0 | - |
| Change in cash | - | €9k | €-11k | €455 | €-2k | ▼ 611% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 21.56
Current ratio from 9.41 to 21.56; short-term debt falls from €15k to €6k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Liquidity times 20current ratio 145.03
Current ratio from 7.42 to 145.03; short-term debt falls from €22k to €971.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 152 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Diepenbeek · 1 establishment unit since 1982
Ground area
4,085 m²
Building footprint
94 m²
Volume, LiDAR
522 m³
Parcel 71402C0010/00D062, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SWERS BVBA
since 19822.020.756.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402C0010/00D062 | Flanders | 4,085 m² | 1 · 94 m² | 7.8 m · 2 fl. |
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.
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Of 765 companies in sector 47552 we hold annual accounts for 444. 370 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
Founded25-06-1982
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
42220Construction of utility projects for electricity and telecommunications
Scores and ratios are computed by Checked and are not a credit decision.