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SWINGPALEIS

Active
Private limited company (pre-2019)founded 2012active for 14 yearsKrekelendries 20, 1785 Merchtem, BelgiumKBO/BCE: BE 0848.958.450
Summary

The computed 12-month bankruptcy probability of SWINGPALEIS is 2.1% (moderate). The 2024 annual accounts show negative equity (-€71,263) and a net result of €19,558. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 16% of 18,958 sector peers (NACE 56, financial year 2024). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Nightclubs
NACE 56302
1 site
Size
€175,727total assets 2024
Equity
-€71,263
Profit
€19,558
Turnover not published (micro format)
Financial health
54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.1%
Structure
Accounts 71 days overdue0 of 1 deed read
Why 54raises risk1 financial year not filed after the legal deadline; latest accounts 67 days late; 3 of the last 3 lateSector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 0.61, cash €115,889Founded in 2012Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 49% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -40.6% of total assets
Liquidity 50=
short-term debt 140.6% · cash 65.9%
Profitability 83-5
return on assets 11.1%
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,706 companies, NACE 56, micro)
Last 24 months 11-2024: 2.1% 12-2024: 2.1%● unchanged vs 11-2024 01-2025: 1.9%▼ -0.2 percentage points vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.8%▼ -0.1 percentage points vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.7%▼ -0.1 percentage points vs 05-2025 07-2025: 1.6%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: 2.0%▲ +0.4 percentage points vs 07-2025 09-2025: 2.2%▲ +0.2 percentage points vs 08-2025 10-2025: 2.4%▲ +0.2 percentage points vs 09-2025highest value 11-2025: 2.1%▼ -0.3 percentage points vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 1.8%▼ -0.3 percentage points vs 12-2025 02-2026: 1.8%● unchanged vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.7%▼ -0.1 percentage points vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.7%● unchanged vs 06-2026 08-2026: 1.9%▲ +0.2 percentage points vs 07-2026 09-2026: 2.2%▲ +0.3 percentage points vs 08-2026 10-2026: 2.1%▼ -0.1 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.61, compared with 0.58 in 2023; short-term debt: 140.6% and cash: 65.9% of total assets), and equity is negative.
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 56, micro): better than 9% on solvency, 49% on liquidity, 69% on profitability and 67% on growth.

The bankruptcy probability was computed on 09-10-2026 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 · 1 financial year not filed after the legal deadline; latest accounts 67 days late; 3 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 0.61, cash €115,889
NBB · annual accounts
lowers risk · Founded in 2012
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 18958 sector peers (2024).
NBB · sector comparison
Position among 18958 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
67 days late
2023
80 days late
2022
338 days late
2021
284 days late
2020
122 days late
2019
117 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 168 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€71,263 View
  • Caution: Among the weakest 8% on equitysector median €27,560 · 18,999 companies -€71,263 View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View

By topic

Financials

Financial year
2024
Total assets
€175,727
Profit
€19,558
Solvency
-40.6%
Total assets▲ 12.0%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2014
  1. 31-12-2023Back to profit
  2. 11-05-2023Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
NightclubsNACE 56302
Founded
25-09-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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