Checked.be
Active
BE 0544.697.065Private limited company
SWERTS
Vinkenlaan(BRA) 5 ·2880 Bornem, Belgium· 12 yrs active
Sector: Wholesale of timber
(46832)
Conclusion
SWERTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 72% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €55k |
| Net result | €6k |
| Better than sector | 72% |
| Active | 12 yrs |
Financial profile
77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
98
Profitability
53
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2014, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
98
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
75
2021
52
2022
100
2023
88
2024
98
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.07 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.07 (≥ 1.0)
+5
Leverage
Debt/equity 0.45 (< 1.0)
+10
Profitability
ROE 11% (≥ 10%)
+10
Interest coverage
Interest coverage 13.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-04-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±0.7%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.0% | 42.6% | |
| Net result | €6k | €6k | |
| Equity | €55k | €60k | |
| Gross operating margin | €12k | €29k | |
| Total assets | €79k | €175k |
€119k
-
21-25
€10k
+90.3%
21-25
€6k
+117.9%
21-25
€7k
+53.9%
21-25
€79k
-27.4%
21-25
€55k
-47.7%
21-25
€51k
-50.3%
21-25
€3k
+71.4%
21-25
€56k
-
21-25
€25k
+446.1%
21-25
€25k
+446.1%
21-25
3.07
-87.1%
21-25
3.07
-87.1%
21-25
69.0%
-28.0%
21-25
0.45
+944.7%
21-25
10.6%
+316.8%
21-25
7.3%
+199.9%
21-25
2.2%
-
21-25
4.6%
-
21-25
13.64
+118.8%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | €119k | - | - | - |
| EBITDA | €10k | €5k | €38k | €524 | €23k |
| Net profit | €6k | €3k | €25k | €-2k | €35k |
| Cash flow | €7k | €5k | €27k | €-175 | €36k |
| Staff costs | - | - | - | - | - |
| Income taxes | €3k | €2k | €10k | €239 | €6k |
| Dividends | €56k | - | - | - | - |
| Total assets | €79k | €109k | €121k | €81k | €84k |
| Equity | €55k | €105k | €102k | €77k | €78k |
| Debt | €25k | €4k | €19k | €4k | €6k |
| of which ≤ 1y | €25k | €4k | €19k | €4k | €6k |
| of which > 1y | - | - | - | - | - |
| Working capital | €51k | €103k | €100k | €73k | €76k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.07 | 23.80 | 6.13 | 18.36 | 14.17 |
| Quick ratio | 3.07 | 23.80 | 6.13 | 18.36 | 14.17 |
| Working capital ratio | 64.3% | 94.1% | 82.1% | 89.9% | 90.2% |
| Solvency | 69.0% | 95.9% | 84.0% | 94.8% | 93.2% |
| Debt / equity | 0.45 | 0.04 | 0.19 | 0.05 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 13.64 | 6.23 | 38.53 | 0.98 | - |
| Gross margin | - | 2.5% | - | - | - |
| Net margin | - | 2.2% | - | - | - |
| ROA | 7.3% | 2.4% | 20.8% | -2.0% | 42.0% |
| ROE | 10.6% | 2.5% | 24.8% | -2.1% | 45.0% |
| EBITDA margin | - | 4.6% | - | - | - |
| Days sales outstanding | - | 45d | - | - | - |
| Days payable outstanding | - | 8d | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €79k | €109k | €121k | €81k | €84k |
| Fixed assets | 21/28 | €4k | €2k | €2k | €4k | €3k |
| Tangible fixed assets | 22/27 | €4k | €2k | €2k | €4k | €3k |
| Current assets | 29/58 | €75k | €107k | €119k | €77k | €81k |
| Amounts receivable within one year | 40/41 | €13k | €29k | €21k | €25k | €17k |
| Cash & bank | 54/58 | €60k | €51k | €70k | €51k | €64k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €79k | €109k | €121k | €81k | €84k |
| Equity | 10/15 | €55k | €105k | €102k | €77k | €78k |
| Contributions / capital | 10/11 | €5k | €19k | €19k | €19k | - |
| Reserves | 13 | €50k | €86k | €66k | €40k | €40k |
| Accumulated profits (losses) | 14 | - | - | €18k | €18k | €19k |
| Amounts payable | 17/49 | €25k | €4k | €19k | €4k | €6k |
| Amounts payable within one year | 42/48 | €25k | €4k | €19k | €4k | €6k |
| Trade debts payable within one year | 44 | €9k | €3k | €4k | €2k | €3k |
| Income statement | ||||||
| Turnover | 70 | - | €119k | - | - | - |
| Gross operating margin | 9900 | €12k | €6k | €38k | €1k | €24k |
| Operating result | 9901 | €9k | €4k | €36k | €-902 | €22k |
| Financial income | 75 | €517 | €2k | €560 | €74 | - |
| Financial charges | 65 | €765 | €880 | €978 | €534 | €215 |
| Result before taxes | 9903 | €9k | €5k | €36k | €-1k | €22k |
| Income taxes | 67/77 | €3k | €2k | €10k | €239 | €6k |
| Net result for the period | 9904 | €6k | €3k | €25k | €-2k | €16k |
| Result to be appropriated | 9905 | €6k | €3k | €25k | €-2k | €16k |
Legal Structure
| NACE primary | Wholesale of timber(46832) |
| Legal form | Private limited company(610) |
| Incorporation | 23-01-2014 |
| Status | Active |
| Postal code | 2880 |
Establishment units
SWERTS
since 20142.226.908.578
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362G0423/00G000 | Flanders | 668 m² | 1 · 166 m² | 7.9 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity quadruplescurrent ratio 23.80
Current ratio from 6.13 to 23.80; short-term debt falls from €19k to €4k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
30-09
Financial
Equity above €100kEq €102k ▲33%
Equity rises from €77k to €102k.
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
30-09
Financial
Weakest financial yearnet €-2k ▼105%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of timber46832Wholesale trade46820Wholesale trade46841
Names & trade names
| Legal nameNL | SWERTS |
Similar companies
KW Construct
BE 0832.618.207 · Oud-Turnhout
Welcome to the new life
BE 0731.895.682 · Beveren-Kruibeke-Zwijndrecht
ERA SYSTEMS
BE 0843.301.271 · Kasterlee
I.G.I.
BE 0457.212.171 · Bilzen-Hoeselt
HOUTHANDEL VERBIEST
BE 0859.998.238 · Zoutleeuw