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SWING

Active
Private limited companyfounded 199036 years activeHundelgemsesteenweg 328A, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0440.949.528
Summary

SWING has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €673,613 and a net result of €124,217. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 1,108 sector peers (NACE 77, fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Rental and leasing activities
NACE 77222
#6 company by total assets in Merelbeke-Melle, Administrative and support services sector1 site
Size
€5.6mtotal assets 2025
Staff
10.6 FTE
Equity
€673,613
Profit
€124,217
Turnover not published (abridged schema)
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Accounts 127 days early0 of 2 deeds read
Why 69- Liquidity: current ratio 1.86, cash €10,882, halved- Equity €673,613 (12.0% of total assets)- Size: 10.6 FTE, total assets €5.6m+ Founded in 1990Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 53% of its sector peers (NACE 77, small)
Financial strength · tick = 2024
Average
Solvency 37+2
equity 12.0% of total assets
Liquidity 50-6
short-term debt 8.7% · cash 0.2%
Profitability 72=
return on assets 2.2%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (465 companies)
Last 24 months 11-2024: 4.1% 12-2024: 6.8%▲ +2.7 percentage points vs 11-2024 01-2025: 7.0%▲ +0.2 percentage points vs 12-2024 02-2025: 7.4%▲ +0.4 percentage points vs 01-2025highest value 03-2025: 0.9%▼ -6.5 percentage points vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 0.9%● unchanged vs 06-2025 08-2025: 0.9%● unchanged vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 1.4%▲ +0.5 percentage points vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 0.7%▼ -0.7 percentage points vs 04-2026lowest value 06-2026: 0.7%● unchanged vs 05-2026lowest value 07-2026: 0.7%● unchanged vs 06-2026lowest value 08-2026: 0.7%● unchanged vs 07-2026lowest value 09-2026: 0.7%● unchanged vs 08-2026lowest value 10-2026: 0.7%● unchanged vs 09-2026
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 2.82 in 2024; short-term debt: 8.7% and cash: 0.2% of total assets), but 88% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 77, small): better than 21% on solvency, 61% on liquidity, 52% on profitability and 80% on growth.

The bankruptcy probability was computed on 08-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.86, cash €10,882, halved
NBB · annual accounts
raises risk · Equity €673,613 (12.0% of total assets)
NBB · annual accounts
lowers risk · Founded in 1990
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Size: 10.6 FTE, total assets €5.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1108 sector peers (2025).
NBB · sector comparison
Position among 1108 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 24-11-2025, 127 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
127 days early
2024
60 days early
2023
4 days late
2022
189 days early
2021
4 days late
2020
19 days early
2019
19 days early
← 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 58 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
31-08-2026 close08-10-2026 today31-03-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Back to profitnet €153,324

Key points

  • Positive: Company by total assets in Merelbeke-Melle, Administrative and…in the Checked rankings #6 View
  • Active since 1990founded 06-02-1990 36 years View
  • Total assets 20256 fiscal years filed €5.6m View

By topic

Financials

Fiscal year
2025
Total assets
€5.6m
Profit
€124,217
Solvency
12.0%
Total assets▲ 0.4%
Net result
20192025
Go to Financials

Timeline

Events
16
Since
2016
Next accounts
by 31-03-2027
  1. 31-08-2024Liquidity doubles
  2. 31-08-2024Equity above €500,000
  3. 04-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Rental and leasing activitiesNACE 77222
Founded
06-02-1990
Year ends
31-08
Peppol
Reachable for e-invoices
Go to Company details

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