Equity
-€45,757
Debts exceed assets in financial year 2025.
SWINNEN
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €430,315 (2006)
€55,827▼ 15.2%
lowest -€1.3m (2010)
€42,155▼ 28.5%
peak €517,333 (2007)
-€45,757▲ €42,155
€139,100▼ 15.4%
peak 9.4 FTE (2007)
1.2 FTE▼ 40.0%
Board2 names since 2017
1 directorGROEP SWINNEN
Owners
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Gross margin from €65,864 to €55,827Result from €58,966 to €42,155Staff from 2 FTE to 1.2 FTEEquity from -€87,912 to -€45,757Debts from €164,379 to €139,100Cash from €3,981 to €10,818
Key points
from the 2025 annual accountsTurnover
≈ €230,000 estimated
The accounts state no turnover.
Staff
1.2 FTE from 9.4 in 2007
Between 2007 and 2025, 87% of the full-time equivalents disappeared.
Liquidity
2.96 was 2.31 in 2024
Short-term debts fell from €119,895 to €99,149.
Filings
49 annual accounts since 1977
The 2024 accounts came 18 days late. The other nine of the last ten were filed on time.
Position in the sector
-12.3%
Lower solvency than 92% of companies in construction of buildings. Sector median 32.9% · 1,037 companies.
Checked score
55
Fair
Financially stronger than 48% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.3%▲ +0.3 percentage points vs 06-2025
08-2025: 1.8%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 1.1%▼ -0.7 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.2 percentage points vs 06-2026
08-2026: 1.0%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 1.0%● unchanged vs 08-2026lowest value
10-2026: 1.0%● unchanged vs 09-2026lowest value
11-2026: 1.0%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Sector: Construction of residential and non-residential buildings (NACE 41)
Negative equity -€45,757
Liquidity: current ratio 2.96, cash €10,818
lowers risk
Size: total assets €373,342
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 8% of them on solvency, 41% on liquidity, 65% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as SWINNEN has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SWINNEN itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for SWINNEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 2.96 (2.31 in 2024), above the usual 1.5. Short-term debt is 26.6% and cash 2.9% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 1037 sector peers (2025).
NBB · sector comparisonPosition among 1037 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
18 days late
2023
29 days early
2022
32 days early
2021
34 days early
2020
18 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GROEP SWINNEN 1%equity €1.0m (2025) · 2025 annual accounts of GROEP SWINNEN
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0404633025
New sole director
GROEP SWINNEN appointed, SWINNEN Eric Dominique Maria Alfons resigned · Permanent representative: SWINNEN Eric Dominique Maria Alfons · General meeting of 21-09-2022 · Gazette deed
Registered office moved within Ekeren
New registered office: Markt 20, 2180 Ekeren · Previous registered office: Steenstraat 103, 2180 Ekeren · Board meeting of 02-09-2019 · Gazette deed
First establishment
Markt 20, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SWINNEN Antwerp | €373,342 | €55,827 | -12.3% | 1.2 |
| EXMAPLA Uccle | €469,460 | €81,380 | 4.7% | 1 |
| Entreprises Charles Coppens & Fils Woluwe-Saint-Pierre | €261,509 | €67,727 | 72.0% | 0.6 |
| Firma Maurice Coghe en Zonen Hooglede | €482,500 | €103,672 | 59.4% | 2.3 |
| HABITAT CONSTRUCT Wingene | €788,447 | €65,959 | 35.5% | 1 |
| BOUWWERKEN COX Wuustwezel | €311,991 | €111,900 | 42.9% | 1 |
| JAVEBO Antwerp | €248,601 | €98,618 | 99.5% | 2 |
These companies have the same main activity as SWINNEN: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €249,000 and €788,000, founded between 1958 and 1989.
Official details
Source: KBO- Status
- Active since 01-03-1963Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Joint committee
- 124Construction · annual accounts 2024
- Establishment unit
- 2.281.720.6072180 Antwerp, since 09-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €373,342▲ 4.7%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on SWINNEN
SWINNEN has existed since 1963. The gross margin fell from €339,245 in 2017 to €3,000 in 2018.
Solvency rose in 2025 from -24.7% to -12.3% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SWINNEN
- What is the company number of SWINNEN?
- The company number of SWINNEN is 0404.633.025. The VAT number is the same number with BE in front: BE 0404.633.025.
- Where is SWINNEN based?
- The registered office is at Markt 20, 2180 Antwerp.Company details
- What does SWINNEN do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of SWINNEN?
- SWINNEN is a public limited company (NV).
- When was SWINNEN founded?
- SWINNEN was founded on 01-03-1963.
- Is SWINNEN still active?
- Yes, SWINNEN is an active enterprise in the KBO register.
- How many employees does SWINNEN have?
- SWINNEN had an average of 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SWINNEN fall under?
- In its 2024 annual accounts, SWINNEN states joint committee 124 (Construction).
- What is the turnover of SWINNEN?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €55,827 and 38 comparable companies (NACE 41001). It probably lies between €150,000 and €310,000.
- Is SWINNEN profitable?
- In financial year 2025, SWINNEN made a profit of €42,155.
- Where can I find the annual accounts of SWINNEN?
- SWINNEN filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SWINNEN due?
- SWINNEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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