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SWImmo Eupen

Active
Private limited companyfounded 200620 yrs activeAvenue Ernest Solvay 29, 1480 Tubize, BelgiumKBO/BCE: BE 0878.673.906
Summary

SWImmo Eupen has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €65,381. Equity is growing by ~76.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
cash: 3% of total assets, and 0.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99.6%
Return on assets
3.9%
Age of the figures
17 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 27-10-2025, 34 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
34 d early
2024
32 d early
2023
30 d early
2022
26 d early
2021
6 d late
2020
270 d late
2019
222 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today. Usually files around 31 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-04-2026 close28-09-2026 today30-11-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 January 2006, SWImmo Eupen was incorporated.1 Total assets went from EUR 303,505 in 2019 to EUR 1.7 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65,381▼ 9.3%
2024 · €72,073
Working capital
€275,080▲ 161%
2022 · €105,458
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€6,159▼ 42.4%€28,653€80,046▲ 179%€87,852▲ 9.8%€83,429▼ 5.0%
Net result-€7,285within the sector's middle half▼ 27.8%€17,464within the sector's middle half€61,955within the sector's middle half▲ 255%€72,073within the sector's middle half▲ 16.3%€65,381within the sector's middle half▼ 9.3%
Equity€82,494within the sector's middle half▼ 8.1%€1.5mwithin the sector's middle half▲ 1,701%€1.5mwithin the sector's middle half▲ 4.2%€1.6mwithin the sector's middle half▲ 4.7%€1.7mwithin the sector's middle half▲ 4.0%
Total assets€295,104below the sector's middle half▼ 4.1%€1.5mwithin the sector's middle half▲ 406%€1.5mwithin the sector's middle half▲ 3.8%€1.6mwithin the sector's middle half▲ 4.7%€1.7mwithin the sector's middle half▲ 4.3%
Debt€212,611▼ 2.5%€6,419▼ 97.0%€741▼ 88.5%€1,868▲ 152%€6,281▲ 236%
Working capital€89,566within the sector's middle half▼ 10.0%€105,458within the sector's middle half▲ 17.7%€275,080within the sector's middle half
Solvency28.0%within the sector's middle half▼ 1.2pp99.6%above the sector's middle half▲ 71.6pp100.0%above the sector's middle half▲ 0.4pp99.9%above the sector's middle half▼ 0.1pp99.6%above the sector's middle half▼ 0.3pp
Current ratio1.44within the sector's middle half▼ 0.04
Return on assets (ROA)-2.5%below the sector's middle half▼ 0.6pp1.2%within the sector's middle half▲ 3.6pp4.0%within the sector's middle half▲ 2.8pp4.4%within the sector's middle half▲ 0.4pp3.9%within the sector's middle half▼ 0.6pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000€100,000Operating result 2021: -€6,159-€6,159Net result 2021: -€7,285-€7,285Operating result 2022: €28,653€28,653Net result 2022: €17,464€17,464Operating result 2023: €80,046€80,046Net result 2023: €61,955€61,955Operating result 2024: €87,852€87,852Net result 2024: €72,073€72,073Operating result 2025: €83,429€83,429Net result 2025: €65,381€65,38120212022202320242025€0€25,000€50,000€75,000€100,000Operating result 2023: €80,046€80,000Net result 2023: €61,955€62,000Operating result 2024: €87,852€87,900Net result 2024: €72,073€72,100Operating result 2025: €83,429€83,400Net result 2025: €65,381€65,400202320242025
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets €1.3m ▼ 1.5%
Current assets €365,888 ▲ 32.6%
Equity and liabilities €1.7m
Equity €1.7m ▲ 4.0%
Debt €6,281 ▲ 236%
Debt's share of the balance-sheet total rises from 0.1% to 0.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€103,509▼
2024 · €107,932
Cash flow
€85,461▼
2024 · €92,153
Debt to equity
0.00▲
2024 · 0.00
ROE
3.9%▼
2024 · 4.4%
Interest coverage
111.33▼
2024 · 116.65
Income taxes
€28,487▲
2024 · €23,989
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.6m€1.7m▲
Fixed assets21/28€1.3m€1.3m▼
Tangible fixed assets22/27€1.3m€1.3m▼
Land and buildings22€1.3m€1.3m▼
Current assets29/58€276,014€365,888▲
Amounts receivable within one year40/41€246,534€315,888▲
Trade receivables40€19,306€22,673▲
Other amounts receivable41€227,228€293,215▲
Cash at bank and in hand54/58€29,481€50,000▲
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.7m▲
Equity10/15€1.6m€1.7m▲
Contributions10/11€16,979€16,979=
Revaluation surpluses12€1.3m€1.3m▼
Reserves13€40,160€60,240▲
Distributable reserves133€40,160€60,240▲
Profit (loss) carried forward14€217,007€282,388▲
Amounts payable17/49€1,868€6,281▲
Amounts payable within one year42/48€934-
Trade debts44€934-
Suppliers440/4€934-
Accrued charges and deferred income492/3€934€6,281▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,080€20,080=
Other operating charges640/8€12,457€17,154▲
Gross operating margin9900€120,389€120,663▲
Operating profit (loss)9901€87,852€83,429▼
Financial income75/76B€9,136€11,368▲
Recurring financial income75€9,136€11,368▲
Financial charges65/66B€925€930▲
Recurring financial charges65€925€930▲
Profit (loss) for the period before taxes9903€96,062€93,868▼
Income taxes67/77€23,989€28,487▲
Profit (loss) for the period9904€72,073€65,381▼
Profit (loss) for the period to be appropriated9905€72,073€65,381▼
Appropriation of the result
Profit (loss) to be appropriated9906€217,007€282,388▲
Profit (loss) brought forward from the previous period14P€144,934€217,007▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61-€5,382----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€20,080€20,080€20,080=
Other operating charges640/8-€275€3,218€12,457€17,154▲ 37.7%
Non-recurring operating charges66A-€25,898----
Gross operating margin9900-€5,959€54,826€103,343€120,389€120,663▲ 0.2%
Operating profit (loss)9901-€6,159€28,653€80,046€87,852€83,429▼ 5.0%
Financial income75/76B-€1,395€3,383€9,136€11,368▲ 24.4%
Recurring financial income75-€1,395€3,383€9,136€11,368▲ 24.4%
Financial charges65/66B-€1,834€896€925€930▲ 0.5%
Recurring financial charges65€1,126€1,834€896€925€930▲ 0.5%
Profit (loss) for the period before taxes9903-€7,285€28,214€82,533€96,062€93,868▼ 2.3%
Income taxes67/77-€10,750€20,577€23,989€28,487▲ 18.8%
Profit (loss) for the period9904-€7,285€17,464€61,955€72,073€65,381▼ 9.3%
Profit (loss) for the period to be appropriated9905-€7,285€17,464€61,955€72,073€65,381▼ 9.3%
Line20212022202320242025Change
Assets
Total assets20/58€295,104€1.5m€1.5m€1.6m€1.7m▲ 4.3%
Fixed assets21/28-€1.4m€1.4m€1.3m€1.3m▼ 1.5%
Tangible fixed assets22/27-€1.4m€1.4m€1.3m€1.3m▼ 1.5%
Land and buildings22-€1.4m€1.4m€1.3m€1.3m▼ 1.5%
Current assets29/58€295,104€106,377€182,734€276,014€365,888▲ 32.6%
Amounts receivable within one year40/41€224,717€56,377€132,734€246,534€315,888▲ 28.1%
Trade receivables40--€9,876€19,306€22,673▲ 17.4%
Other amounts receivable41-€56,377€122,858€227,228€293,215▲ 29.0%
Cash at bank and in hand54/58€44,490€50,000€50,000€29,481€50,000▲ 69.6%
Equity and liabilities
Total equity and liabilities10/49€295,104€1.5m€1.5m€1.6m€1.7m▲ 4.3%
Equity10/15€82,494€1.5m€1.5m€1.6m€1.7m▲ 4.0%
Contributions10/11-€16,979€16,979€16,979€16,979=
Revaluation surpluses12-€1.4m€1.4m€1.3m€1.3m▼ 1.5%
Reserves13--€20,080€40,160€60,240▲ 50.0%
Distributable reserves133--€20,080€40,160€60,240▲ 50.0%
Profit (loss) carried forward14€65,515€82,979€144,934€217,007€282,388▲ 30.1%
Amounts payable17/49€212,611€6,419€741€1,868€6,281▲ 236%
Amounts payable within one year42/48€205,538€919-€934--
Trade debts44€4,545€919-€934--
Suppliers440/4-€919-€934--
Accrued charges and deferred income492/3-€5,500€741€934€6,281▲ 572%
Line20212022202320242025Change
Profit (loss) for the period9904-€7,285€17,464€61,955€72,073€65,381▼ 9.3%
+ Depreciation and write-downs630--€20,080€20,080€20,080=
Operating cash flow (approximation)-€7,285€17,464€82,035€92,153€85,461▼ 7.3%
Investment in fixed assets (approximation)--€0€0€0-
Change in cash-€5,510€0-€20,519€20,519▲ 200%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-11-2026
2026
24-06
State Gazette act Reappointment: RSM InterAudit (statutory auditor)
2 facts ▸
  • General meeting, 16-10-2025
  • Auditor reappointment, RSM InterAudit (statutory auditor)
2025
27-10
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2024
29-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema
30-04
Financial Highest result since 2019net €72,073 ▲16.3%
Operating result €87,852, net result €72,073, both a record.
2023
31-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2022
04-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema
30-04
Financial Back to profitnet €17,464
Net result €17,464 after 3 loss-making years.
30-04
Financial Liquidity times 81current ratio 115.75
Current ratio from 1.44 to 115.75; short-term debt falls from €205,538 to €919.
30-04
Financial Equity above €1mEq €1.5m ▲1,701%
Equity rises from €82,494 to €1.5m.
2021
06-12
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 6 days late
27-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 270 days late
30-04
Financial Weakest financial yearnet -€7,285
Net result drops to -€7,285, the lowest in the series; recovery starts the following year.
Show earlier events
2020
09-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 222 days late
2018
13-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2017
27-10
NBB filing Annual accounts filed
fiscal year 2017 · full schema
09-01
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 40 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 15 acts read
About the unread acts

Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

Statutory auditor 1

RSM INTERAUDIT
Statutory auditor · since 24-06-2026 · perm. rep.: DELAHAUT Delphine
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tubize · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
1.0 ha
Building footprint
6,407 m²
Volume, LiDAR
49,079 m³
2 parcels, Brussels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
SWI 1
Gisseleire Versélaan 35, 1082 Sint-Agatha-BerchemNACE 70113
since 20062.151.851.859
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
25097C0575/00B003 Wallonia 9,709 m² 1 · 6,318 m² 9.3 m · 3 fl.
21342B0073/00M004 Brussels 785 m² 1 · 89 m² 9.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
RSM INTERAUDIT
  • Statutory auditor, from 24-06-2026 to date
See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Frasers Group (European Holdings)GB 100%
  2. SWImmo Eupen

Highest known parent: Frasers Group (European Holdings) (United Kingdom). The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 30-04-2025 list no holdings, and no other source names one.

According to the annual accounts to 30-04-2025 of SWImmo Eupen and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,794 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
Founded17-01-2006
Fiscal year end30-04
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0878673906
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.