SWING
ActiveSummary
The computed 12-month bankruptcy probability of SWING is 2.7% (moderate). The 2024 annual accounts show negative equity (-€12,619) and a net result of -€1,951. Equity is shrinking by ~45.7% per year across the filed fiscal years. The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 2,799 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €602 | €771 | €448 | €451 | ▲ 0.7% |
| Gross operating margin9900 | -€23,500 | €4,500 | -€3,000 | -€3,000 | -€1,500 | ▲ 50.0% |
| Operating profit (loss)9901 | -€23,848 | €3,898 | -€3,771 | -€3,448 | -€1,951 | ▲ 43.4% |
| Financial charges65/66B | - | - | €109 | €1,198 | €0 | ▼ 100.0% |
| Recurring financial charges65 | €164 | - | €109 | €1,198 | €0 | ▼ 100.0% |
| Profit (loss) for the period before taxes9903 | -€23,625 | €3,898 | -€3,881 | -€4,646 | -€1,951 | ▲ 58.0% |
| Profit (loss) for the period9904 | -€23,625 | €3,898 | -€3,881 | -€4,646 | -€1,951 | ▲ 58.0% |
| Profit (loss) for the period to be appropriated9905 | -€23,625 | €3,898 | -€3,881 | -€4,646 | -€1,951 | ▲ 58.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,683 | €69,298 | €69,188 | €70,448 | €64,048 | ▼ 9.1% |
| Current assets29/58 | €65,683 | €69,298 | €69,188 | €70,448 | €64,048 | ▼ 9.1% |
| Amounts receivable within one year40/41 | €59,173 | €62,788 | €62,788 | €64,048 | €64,048 | = |
| Trade receivables40 | - | €58,287 | €58,287 | €58,287 | €58,287 | = |
| Other amounts receivable41 | - | €4,501 | €4,501 | €5,761 | €5,761 | = |
| Cash at bank and in hand54/58 | €6,510 | €6,510 | €6,401 | €6,401 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,683 | €69,298 | €69,188 | €70,448 | €64,048 | ▼ 9.1% |
| Equity10/15 | -€6,039 | -€2,142 | -€6,022 | -€10,668 | -€12,619 | ▼ 18.3% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Capital10 | - | €6,197 | - | - | - | - |
| Issued capital100 | - | €18,592 | - | - | - | - |
| Uncalled capital101 | - | €12,395 | - | - | - | - |
| Reserves13 | €376,859 | €376,859 | €376,859 | €376,859 | €376,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €375,000 | €375,000 | €375,000 | €375,000 | = |
| Profit (loss) carried forward14 | -€389,096 | -€385,198 | -€389,079 | -€393,725 | -€395,676 | ▼ 0.5% |
| Amounts payable17/49 | €71,722 | €71,439 | €75,211 | €81,116 | €76,667 | ▼ 5.5% |
| Amounts payable within one year42/48 | €71,722 | €71,439 | €75,211 | €81,116 | €76,667 | ▼ 5.5% |
| Trade debts44 | €35,471 | €35,189 | €38,960 | €44,745 | €46,696 | ▲ 4.4% |
| Suppliers440/4 | - | €35,189 | €38,960 | €44,745 | €46,696 | ▲ 4.4% |
| Other amounts payable47/48 | - | €36,251 | €36,251 | €36,371 | €29,971 | ▼ 17.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,625 | €3,898 | -€3,881 | -€4,646 | -€1,951 | ▲ 58.0% |
| Operating cash flow (approximation) | -€23,625 | €3,898 | -€3,881 | -€4,646 | -€1,951 | ▲ 58.0% |
| Change in cash | - | €0 | -€109 | -€0 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0087/00W051 | Brussels | 480 m² | 1 · 226 m² | 13.4 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.