SwingLab
ActiveSummary
SwingLab has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,771 and a net result of €21,809. Its solvency ranks better than 31% of 2,847 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €13,771
- Profit
- €21,809
Why 87raises riskEquity €13,771 (5.9% of total assets)Founded in 2023lowers riskSector: Sports, amusement and recreation activities (NACE 93)Liquidity: current ratio 0.71, cash €40,750Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 93, micro): better than 30% on solvency, 58% on liquidity, 69% on profitability and 97% on growth.
The bankruptcy probability was computed on 24-10-2026 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
This company filed its last 2 accounts on average 26 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €21,809
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432129.
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €30,125 after a loss of €54,077 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94.1% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,157 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €100,543 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €108,234 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,590 | €44,127 | ▼ 1.0% |
| Other operating charges640/8 | €1,796 | €3,229 | ▲ 79.7% |
| Gross operating margin9900 | -€7,691 | €77,481 | - |
| Operating profit (loss)9901 | -€54,077 | €30,125 | - |
| Financial income75/76B | - | €40 | - |
| Recurring financial income75 | - | €40 | - |
| Financial charges65/66B | €7,961 | €8,356 | ▲ 5.0% |
| Recurring financial charges65 | €7,961 | €8,356 | ▲ 5.0% |
| Profit (loss) for the period before taxes9903 | -€62,038 | €21,809 | - |
| Profit (loss) for the period9904 | -€62,038 | €21,809 | - |
| Profit (loss) for the period to be appropriated9905 | -€62,038 | €21,809 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €200,823 | €231,661 | ▲ 15.4% |
| Fixed assets21/28 | €169,620 | €166,510 | ▼ 1.8% |
| Tangible fixed assets22/27 | €169,620 | €166,510 | ▼ 1.8% |
| Plant, machinery and equipment23 | €97,683 | €89,262 | ▼ 8.6% |
| Furniture and vehicles24 | €569 | €21,925 | ▲ 39× |
| Other tangible fixed assets26 | €71,368 | €55,323 | ▼ 22.5% |
| Current assets29/58 | €31,203 | €65,151 | ▲ 109% |
| Amounts receivable within one year40/41 | €1,166 | €20,702 | ▲ 18× |
| Trade receivables40 | €1,166 | €19,408 | ▲ 17× |
| Other amounts receivable41 | - | €1,293 | - |
| Cash at bank and in hand54/58 | €30,037 | €40,750 | ▲ 35.7% |
| Deferred charges and accrued income490/1 | - | €3,700 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €200,823 | €231,661 | ▲ 15.4% |
| Equity10/15 | -€8,038 | €13,771 | - |
| Contributions10/11 | €54,000 | €54,000 | = |
| Profit (loss) carried forward14 | -€62,038 | -€40,229 | ▲ 35.2% |
| Amounts payable17/49 | €208,861 | €217,890 | ▲ 4.3% |
| Amounts payable after more than one year17 | €110,890 | €126,518 | ▲ 14.1% |
| Financial debts170/4 | €110,890 | €126,518 | ▲ 14.1% |
| Amounts payable within one year42/48 | €97,971 | €91,373 | ▼ 6.7% |
| Current portion of amounts payable after more than one year42 | €24,545 | €34,494 | ▲ 40.5% |
| Trade debts44 | €57,607 | €41,108 | ▼ 28.6% |
| Suppliers440/4 | €57,607 | €41,108 | ▼ 28.6% |
| Taxes, remuneration and social security45 | €966 | - | - |
| Taxes450/3 | €966 | - | - |
| Other amounts payable47/48 | €14,852 | €15,772 | ▲ 6.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€62,038 | €21,809 | - |
| + Depreciation and write-downs630 | €44,590 | €44,127 | ▼ 1.0% |
| Operating cash flow (approximation) | -€17,448 | €65,936 | - |
| Investment in fixed assets (approximation) | - | -€41,016 | - |
| Change in cash | - | €10,713 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00432129 |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00410137 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| HERBAY Mathieu Guy Paul Ghislain |
|
Owners and capital
Capital and shareholders
- Catherine LIBOUTON “versement sur le compte de la société”
- Gérard HERBAY “versement sur le compte de la société”
- HERBAY Mathieu Guy Paul Ghislain 94 shares (94%) · €18,000
- THOMAS Guillaume Mike Pierre 6 shares (6%) · €18,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 15-09-2023 Incorporation · €36,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
On 13 September 2023, SwingLab was incorporated as a private limited company by two natural persons, with a starting capital of €36,000.12 HERBAY Mathieu Guy Paul Ghislain has served as director of the company since 2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
14-02
Gazette deed
Capital & shares · Amendment of the articlesIncorporation · Power of attorney · Capital contribution5 facts ▸
- General meeting, 05-02-2024
- Incorporation, 07-09-2023
- Amendment of the articles, “5,A” (deed in French)
- Power of attorney
- Capital contribution (2 times)
15-09
Gazette deed
IncorporationAppointment: HERBAY Mathieu Guy Paul Ghislain (director) · Founder · Pre-incorporation commitments6 facts ▸
- Incorporation, “SwingLab” (deed in French)
- Founder, HERBAY Mathieu Guy Paul Ghislain
- Founder, THOMAS Guillaume Mike Pierre
- Director appointment, HERBAY Mathieu Guy Paul Ghislain (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous engagements souscrits par les fondateurs ou l’un d’eux pour la société en formation” (deed in French)
- Founding capital, €36,000
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25764Q0027/00E000 | Wallonia | 3,739 m² | 1 · 2,429 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La gestion, la promotion, la valorisation de centres de golf indoor, au sens le plus large du terme; De manière plus générale, la gestion de…” (deed in French)
9 activities (deed in French)
- La gestion, la promotion, la valorisation de centres de golf indoor, au sens le plus large du terme
- De manière plus générale, la gestion de toute infrastructure sportive, tant en intérieur qu’en extérieur
- La formation sportive, le coaching, tous séminaires et activités récréatives
- L’organisation d’évènements
- La gestion, la promotion, la valorisation de bars et d’espaces de petite restauration
- Le développement et la gestion de franchises ou activités analogues
- Le développement et la gestion de marques et brevets
- La constitution, la gestion et la valorisation d’un patrimoine immobilier, ainsi que toutes opérations immobilières au sens large
- L’aménagement et l’agencement d’espaces intérieurs et extérieurs
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SwingLab
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, organe d'administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “F. Pouvoirs et fonctionnement Chaque administrateur a le pouvoir d’accomplir tous les actes nécessaires ou utiles à la réalisation de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, personnes physiques ou morales” (deed in French)“Sauf décision contraire lors de nomination, simple notification à l’organe d’administration” (deed in French)“Administrateur, sauf décision contraire de l'assemblée générale” (deed in French)4 more provisions on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, 100” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Articles 5:128 et suivants du Code des sociétés et des associations, modification des statuts” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, comme en matière de modification des statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed