SWINDAEL
ActiveSWINDAEL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49k and a net result of €140k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 19906 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency43▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.61 in 2023; short-term debt: 79% and cash: 40.4% of total assets), and 82.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 19906 sector peers (2024).
NBB · sector comparisonPosition among 19906 sector peers
Solvency
better than 14%
← weakest
strongest →
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 26-06-2025, 35 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
26 d early
2022
32 d early
2021
41 d early
2020
23 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€49k▲ 26.5%
2023 · €39k
2019: €38k
2020: €105k
2021: €237k
2022: €210k
2023: €39k
2019 → 2024
Total assets
€279k▼ 18.1%
2023 · €340k
2019: €48k
2020: €414k
2021: €501k
2022: €425k
2023: €340k
2019 → 2024
Net result
€140k▲ 9.0%
2023 · €129k
2019: €32k
2020: €67k
2021: €120k
2022: €154k
2023: €129k
2019 → 2024
Working capital
€-101k▼ 9.7%
2023 · €-92k
2019: €37k
2020: €37k
2021: €149k
2022: €101k
2023: €-92k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€105k-€237k▲ 126%€210k▼ 11.2%€39k▼ 81.5%€49k▲ 26.5%
Operating result€84k-€155k▲ 84.9%€201k▲ 29.4%€171k▼ 14.6%€190k▲ 10.7%
Net result€67k-€120k▲ 79.6%€154k▲ 28.4%€129k▼ 16.2%€140k▲ 9.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 11% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €279k
Fixed assets
€160k▼ 19.1%
Current assets
€119k▼ 16.6%
Equity and liabilities €279k
Equity
€49k▲ 26.5%
Debt
€230k▼ 23.8%
The debt ratio falls from 88.6% to 82.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€228k▲
2023 · €209k
Cash flow
€178k▲
2023 · €166k
Solvency
17.6%▲
2023 · 11.4%
Current ratio
0.54▼
2023 · 0.61
Quick ratio
0.54▼
2023 · 0.61
Debt / equity
4.68▼
2023 · 7.76
ROE
285.4%▼
2023 · 331.0%
ROA
50.3%▲
2023 · 37.8%
Interest coverage
42.67▲
2023 · 41.86
Debt
€230k▼
2023 · €302k
Debt ≤ 1 year
€220k▼
2023 · €235k
Debt > 1 year
€10k▼
2023 · €67k
Income taxes
€44k▲
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€340k€279k▼
Fixed assets21/28€198k€160k▼
Intangible fixed assets21€168k€140k▼
Tangible fixed assets22/27€30k€20k▼
Plant, machinery and equipment23€30k€20k▼
Current assets29/58€143k€119k▼
Amounts receivable within one year40/41€7k€1k▼
Trade receivables40€0-
Other amounts receivable41€7k€1k▼
Cash at bank and in hand54/58€104k€113k▲
Deferred charges and accrued income490/1€31k€5k▼
Equity and liabilities
Total equity and liabilities10/49€340k€279k▼
Equity10/15€39k€49k▲
Contributions10/11€19k€19k=
Reserves13€20k€31k▲
Distributable reserves133€20k€31k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€302k€230k▼
Amounts payable after more than one year17€67k€10k▼
Financial debts170/4€67k€10k▼
Amounts payable within one year42/48€235k€220k▼
Current portion of amounts payable after more than one year42€57k€57k=
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€23k€24k▲
Taxes450/3€23k€24k▲
Other amounts payable47/48€152k€135k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€38k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€210k€229k▲
Operating profit (loss)9901€171k€190k▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€166k€184k▲
Income taxes67/77€38k€44k▲
Profit (loss) for the period9904€129k€140k▲
Profit (loss) for the period to be appropriated9905€129k€140k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€140k▲
Transfer from equity791/2€171k€0▼
Transfer to equity691/2€0€10k▲
To other reserves6921€0€10k▲
Profit to be distributed694/7€300k€130k▼
Return on contributions (dividend)694€300k€130k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €154k ▲28.4%
Operating result €201k, net result €154k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €237k ▲126%
3 profitable years in a row build equity to €237k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €105k ▲176%
2 profitable years in a row build equity to €105k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Gavere · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentweg 849890 GavereGround area
9,026 m²
Building footprint
187 m²
Volume, LiDAR
1,030 m³
Parcel 44020A0788/00G000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SWINDAEL
since 20192.286.847.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44020A0788/00G000 | Flanders | 9,026 m² | 1 · 187 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 6,938 companies in sector 86230 we hold annual accounts for 4,288. 3,085 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2019
Fiscal year end31-12
Activities, NACEBEL
86230Dental practice
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.