SWIRL
ActiveSummary
SWIRL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,477 and a net result of -€5,760. Equity is growing by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
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Signals
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
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 3,442 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €449 | €660 | €2,762 | €4,617 | €7,908 | ▲ 71.3% |
| Other operating charges640/8 | €2,185 | €988 | €2,384 | €387 | €1,860 | ▲ 380% |
| Gross operating margin9900 | €9,218 | -€12,527 | €74,640 | €56,514 | €5,890 | ▼ 89.6% |
| Operating profit (loss)9901 | €6,584 | -€14,174 | €69,494 | €51,510 | -€3,878 | ▼ 108% |
| Financial income75/76B | €0 | €1 | €0 | €153 | €155 | ▲ 1.4% |
| Recurring financial income75 | €0 | €1 | €0 | €153 | €155 | ▲ 1.4% |
| Financial charges65/66B | €1,451 | €1,761 | €1,217 | €943 | €1,886 | ▲ 99.9% |
| Recurring financial charges65 | €1,451 | €1,761 | €1,217 | €943 | €1,886 | ▲ 99.9% |
| Profit (loss) for the period before taxes9903 | €5,133 | -€15,934 | €68,277 | €50,720 | -€5,608 | ▼ 111% |
| Income taxes67/77 | €190 | €238 | €9,615 | €11,617 | €151 | ▼ 98.7% |
| Profit (loss) for the period9904 | €4,943 | -€16,172 | €58,662 | €39,103 | -€5,760 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €4,943 | -€16,172 | €58,662 | €39,103 | -€5,760 | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,803 | €24,775 | €102,417 | €141,058 | €159,511 | ▲ 13.1% |
| Fixed assets21/28 | €898 | €2,993 | €17,212 | €37,576 | €34,600 | ▼ 7.9% |
| Tangible fixed assets22/27 | €898 | €2,993 | €17,212 | €37,576 | €34,600 | ▼ 7.9% |
| Plant, machinery and equipment23 | €898 | €1,986 | €2,886 | €12,444 | €13,432 | ▲ 7.9% |
| Furniture and vehicles24 | - | €1,007 | €3,060 | €4,381 | €2,758 | ▼ 37.1% |
| Other tangible fixed assets26 | - | - | €11,266 | €20,751 | €18,410 | ▼ 11.3% |
| Current assets29/58 | €44,905 | €21,783 | €85,205 | €103,483 | €124,911 | ▲ 20.7% |
| Amounts receivable within one year40/41 | €4,074 | €14,757 | €16,971 | €43,841 | €49,079 | ▲ 11.9% |
| Trade receivables40 | €4,046 | €14,491 | €16,971 | €39,760 | €49,079 | ▲ 23.4% |
| Other amounts receivable41 | €27 | €266 | - | €4,080 | - | - |
| Current investments50/53 | - | - | €9,900 | €25,129 | €41,659 | ▲ 65.8% |
| Cash at bank and in hand54/58 | €40,558 | €7,026 | €58,333 | €34,220 | €34,173 | ▼ 0.1% |
| Deferred charges and accrued income490/1 | €273 | - | - | €293 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,803 | €24,775 | €102,417 | €141,058 | €159,511 | ▲ 13.1% |
| Equity10/15 | €25,277 | €9,105 | €66,967 | €105,237 | €99,477 | ▼ 5.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €27,955 | €27,955 | €27,955 | €27,955 | €27,955 | = |
| Distributable reserves133 | €27,955 | €27,955 | €27,955 | €27,955 | €27,955 | = |
| Profit (loss) carried forward14 | -€21,278 | -€37,450 | €20,412 | €58,682 | €52,922 | ▼ 9.8% |
| Amounts payable17/49 | €20,526 | €15,670 | €35,450 | €35,821 | €60,034 | ▲ 67.6% |
| Amounts payable within one year42/48 | €20,526 | €15,670 | €35,450 | €35,821 | €60,034 | ▲ 67.6% |
| Financial debts43 | - | - | - | €2 | - | - |
| Credit institutions430/8 | - | - | - | €2 | - | - |
| Trade debts44 | - | €560 | €1,081 | €1,855 | €3,961 | ▲ 114% |
| Suppliers440/4 | - | €560 | €1,081 | €1,855 | €3,961 | ▲ 114% |
| Taxes, remuneration and social security45 | €10,719 | €2,938 | €33,496 | €33,131 | €26,291 | ▼ 20.6% |
| Taxes450/3 | €10,719 | €2,938 | €33,496 | €33,131 | €26,291 | ▼ 20.6% |
| Other amounts payable47/48 | €9,807 | €12,172 | €873 | €833 | €29,782 | ▲ 3,475% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,943 | -€16,172 | €58,662 | €39,103 | -€5,760 | ▼ 115% |
| + Depreciation and write-downs630 | €449 | €660 | €2,762 | €4,617 | €7,908 | ▲ 71.3% |
| Operating cash flow (approximation) | €5,393 | -€15,512 | €61,424 | €43,720 | €2,148 | ▼ 95.1% |
| Investment in fixed assets (approximation) | - | -€2,755 | -€16,981 | -€24,981 | -€4,933 | ▲ 80.3% |
| Change in cash | - | -€33,532 | €51,307 | -€24,113 | -€47 | ▲ 99.8% |
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 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25092B0122/00K002 | Wallonia | 1,362 m² | 1 · 109 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
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