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SWETGEMS

Active
Private limited companyfounded 1991active for 35 yearsHoveniersstraat 30, 2018 Antwerpen, BelgiumKBO/BCE: BE 0443.359.779
Summary

SWETGEMS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,662 and a net result of €7,931. Equity has been shrinking by about 22% per year since 2018. Its solvency ranks better than 49% of 13,716 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 27-02-1991 Normal situation
Registered office
256 active companies are registered at this address 4 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Wholesale of diamonds and other precious stones NACE 46861
Establishment unit
2.052.163.870 2018 Antwerpen, since 28-03-1991
Financial year end
31 December
Peppol
Reachable since 05-12-2025

Board and ownership

Board
  • Shah Harshad JayantilalDirector · since 01-05-2007

Financial position

90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
-€2,420
Profit
€7,931
Equity
€111,662
▲ 7.6%
Total assets
€281,026
▼ 21.9%
Filed on 24-07-2026, 7 days before the deadline
Score breakdownraises riskLiquidity: current ratio 16.79, cash €6,303, halvedlowers riskFounded in 1991Figures for financial year 2025 (filed on 24-07-2026)Size: total assets €281,026Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 47% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Average
Solvency 65+11
equity 39.7% of total assets
Liquidity 53+36
short-term debt 5.5% · cash 2.2%
Profitability 22+22
return on assets 2.8%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.8%▲ +0.2 percentage points vs 06-2025 08-2025: 1.2%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.7%▼ -0.5 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.6%▼ -0.1 percentage points vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.8%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.6 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 16.79 (1.31 in 2024), above the usual 1.5. Short-term debt is 5.5% and cash 2.2% of total assets. However, 60.3% of the assets are financed with debt and provisions.
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 46, micro). It does better than 48% of them on solvency, 58% on liquidity, 23% on profitability and 60% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1991
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 24-07-2026)
NBB · annual accounts
lowers risk · Size: total assets €281,026
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 16.79, cash €6,303, halved
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
22 days late
2023
on the day
2022
30 days late
2021
29 days late
2020
87 days late
2019
on the day
← 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 23 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 22 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €214,138 in 2024 €7,931 View

Recent changes

  1. · Gazette deed Resignation: Parth Shah (director)Permanent representative: Lambregts Jan
  2. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as SWETGEMS: wholesale of diamonds and other precious stones (NACE 46861). They are comparable in size and age: total assets between €267,000 and €405,000, founded between 1988 and 1995.

CompanyTotal assetsGross margin
SWETGEMS Antwerpen€281,026-€2,420
NAKODIAM Antwerpen€323,844-€273,958
DIFA CIPORCO TRADING Antwerpen€275,066-€2,015
GERDY VANDEVYVERE Oostkamp€342,480-€5,551
DOUBLE M.G. Antwerpen€267,460-€2,611
SPARKLE DIAM Antwerpen€405,245-€250,905
LERNER DIAMONDS Antwerpen€405,296-€259,941
Full comparison

Key facts about SWETGEMS

What is the company number of SWETGEMS?
The company number of SWETGEMS is 0443.359.779. The VAT number is the same number with BE in front: BE 0443.359.779.
Where is SWETGEMS based?
The registered office is at Hoveniersstraat 30, 2018 Antwerpen.Company details
What does SWETGEMS do?
According to the KBO register, the main activity is wholesale of diamonds and other precious stones (NACE 46861).
What is the legal form of SWETGEMS?
The legal form of SWETGEMS is Private limited company (BV).
When was SWETGEMS founded?
SWETGEMS was founded on 27-02-1991.
Is SWETGEMS still active?
Yes, SWETGEMS is an active enterprise in the KBO register.
What is the turnover of SWETGEMS?
The annual accounts for financial year 2025 state no turnover. In financial year 2019 turnover was €910,056.Financials
Is SWETGEMS profitable?
In financial year 2025, SWETGEMS made a profit of €7,931.
Where can I find the annual accounts of SWETGEMS?
SWETGEMS filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SWETGEMS due?
SWETGEMS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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