SWITCH CONCEPT
ActiveSummary
SWITCH CONCEPT has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,576) and a net result of €13,410. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- -€4,576
- Profit
- €13,410
Why 55raises riskCapped at 59: negative equityLiquidity: current ratio 0.22, cash €3,062Negative equity -€4,576lowers riskSize: total assets €973,418No main activity registeredShow the evidence
Checked score
About 4 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 (no NACE code, micro): better than 15% on solvency, 16% on liquidity, 32% on profitability and 90% on growth.
The bankruptcy probability was computed on 30-10-2026 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 7 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €13,410
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2025 annual accounts filed late (17 days) Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00401185.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 24% above 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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
- 2022 Turnover -83% on 2021. The accounts now follow the abbreviated format, last year the full format.
Peer companies
Historical observationOf the 522 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 93.7% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,445 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 522 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €173,704 | €29,700 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €2,776 | €3,483 | ▲ 25.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €85,574 | €67,035 | €66,001 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €5,582 | €1,013 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,646 | €8,646 | €8,646 | €8,646 | €25,013 | €36,105 | €36,105 | €36,105 | = |
| Other operating charges640/8 | - | - | - | €5,771 | €5,221 | €7,351 | €5,502 | €5,674 | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | - | - | €787 | €3,885 | - | €4,011 | - |
| Gross operating margin9900 | €152,837 | -€43,506 | €9,411 | €149,956 | €66,931 | €44,225 | €76,553 | €89,049 | ▲ 16.3% |
| Operating profit (loss)9901 | €140,036 | -€54,223 | -€3,457 | €129,957 | €34,896 | -€3,116 | €34,947 | €43,259 | ▲ 23.8% |
| Financial income75/76B | - | - | - | - | - | - | - | €18 | - |
| Recurring financial income75 | €5 | - | - | - | - | - | - | €18 | - |
| Financial charges65/66B | - | - | - | €22,233 | €29,007 | €43,262 | €41,337 | €29,867 | ▼ 27.7% |
| Recurring financial charges65 | €38,274 | €7,923 | €18,424 | €22,233 | €29,007 | €43,262 | €41,337 | €29,867 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €101,766 | -€62,145 | -€21,881 | €107,724 | €5,889 | -€46,379 | -€6,391 | €13,410 | - |
| Income taxes67/77 | - | - | - | €3,697 | -€493 | €18,890 | - | - | - |
| Profit (loss) for the period9904 | €101,766 | -€62,145 | -€21,881 | €104,027 | €6,382 | -€65,268 | -€6,391 | €13,410 | - |
| Profit (loss) for the period to be appropriated9905 | €101,766 | -€62,145 | -€21,881 | €104,027 | €6,382 | -€65,268 | -€6,391 | €13,410 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.6m | €0.6m | €1.1m | €1.1m | €1.0m | €1.1m | €1.0m | ▼ 8.2% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.1m | €0.1m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 3.9% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.1m | €0.1m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 3.9% |
| Land and buildings22 | - | - | - | €0.1m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 3.9% |
| Furniture and vehicles24 | - | - | - | €450 | - | - | - | - | - |
| Financial fixed assets28 | €80 | €80 | €80 | €80 | €80 | €80 | €80 | €80 | = |
| Current assets29/58 | €0.02m | €0.5m | €0.5m | €1.0m | €0.09m | €0.07m | €0.1m | €0.09m | ▼ 35.4% |
| Stocks and contracts in progress3 | - | €0.4m | €0.4m | €0.9m | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0.9m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.01m | €0.05m | €0.02m | €0.08m | €0.08m | €0.06m | €0.1m | €0.09m | ▼ 35.6% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.08m | €0.06m | €0.1m | €0.09m | ▼ 35.6% |
| Cash at bank and in hand54/58 | €0.005m | €0.002m | €0.001m | €0.004m | €0.002m | €0.001m | €0.004m | €0.003m | ▼ 28.0% |
| Deferred charges and accrued income490/1 | - | - | - | €6 | €0.002m | €0.004m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.6m | €0.6m | €1.1m | €1.1m | €1.0m | €1.1m | €1.0m | ▼ 8.2% |
| Equity10/15 | €0.03m | -€0.03m | -€0.06m | €0.05m | €0.05m | -€0.01m | -€0.02m | -€0.005m | ▲ 74.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other1109/19 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.007m | -€0.06m | -€0.08m | €0.03m | €0.03m | -€0.03m | -€0.04m | -€0.03m | ▲ 34.9% |
| Amounts payable17/49 | €0.2m | €0.7m | €0.7m | €1.0m | €1.0m | €1.0m | €1.1m | €1.0m | ▼ 9.3% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.09m | €0.1m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 8.4% |
| Financial debts170/4 | - | - | - | €0.1m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 8.4% |
| Amounts payable within one year42/48 | €0.04m | €0.6m | €0.6m | €1.0m | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.009m | €0.05m | €0.06m | €0.06m | €0.06m | ▲ 2.3% |
| Financial debts43 | - | - | - | €0.9m | €0.2m | €0.1m | €0.3m | €0.005m | ▼ 98.1% |
| Credit institutions430/8 | - | - | - | €0.6m | - | - | - | - | - |
| Other loans439 | - | - | - | €0.4m | €0.2m | €0.1m | €0.3m | €0.005m | ▼ 98.1% |
| Trade debts44 | €180 | €343 | €0.006m | €0.001m | €0.001m | €0.02m | €0.01m | €0.01m | ▼ 21.0% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.02m | €0.01m | €0.01m | ▼ 21.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.008m | €0.02m | €0.002m | - | - |
| Taxes450/3 | - | - | - | €0.01m | €0.008m | €0.02m | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | - | €0.002m | €0.002m | - | - |
| Other amounts payable47/48 | - | - | - | €0.004m | €0.02m | €0.2m | €0.1m | €0.3m | ▲ 169% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.005m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,766 | -€62,145 | -€21,881 | €104,027 | €6,382 | -€65,268 | -€6,391 | €13,410 | - |
| + Depreciation and write-downs630 | €8,646 | €8,646 | €8,646 | €8,646 | €25,013 | €36,105 | €36,105 | €36,105 | = |
| Operating cash flow (approximation) | €110,411 | -€53,500 | -€13,235 | €112,673 | €31,395 | -€29,163 | €29,715 | €49,515 | ▲ 66.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€879,659 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,603 | -€1,432 | €3,337 | -€2,635 | -€1,020 | €3,677 | -€1,193 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 17-08-2026 | 2026-00401185 |
| 31-12-2024 | full format | 30-07-2025 | 2025-00327628 |
| 31-12-2023 | full format | 28-06-2024 | 2024-00191485 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00285803 |
| 31-12-2021 | full format | 08-08-2022 | 2022-20280220 |
| 31-12-2020 | full format | 17-08-2021 | 2021-49300462 |
| 31-12-2019 | full format | 27-08-2020 | 2020-46000406 |
| 31-12-2018 | full format | 28-08-2019 | 2019-52900221 |
| 31-12-2017 | full format | 28-08-2018 | 2018-53600459 |
| 31-12-2016 | full format | 21-08-2017 | 2017-45800578 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HECHT Jérémy |
|
Owners and capital
Capital and shareholders
- 05-03-2024 Capital stated in the deed · 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
Acts, filings and financial milestones
05-03
Gazette deed
Resignation: HECHT Jérémy (manager)Appointment: HECHT Jérémy (director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, 21-02-2024
- Amendment of the articles (2 times)
- Capital conversion, “formes et majorités de la modification des statuts, Deuxième résolution” (deed in French)
- Purpose change
- Director resignation, HECHT Jérémy (manager)
- Director appointment, HECHT Jérémy (director (not named in the articles))
- Director discharge, HECHT Jérémy
- Registered office clause, “1420 Braine-l'Alleud,Rue Vallée Bailly 83, Cinquième résolution” (deed in French)
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible-absence, Article 6” (deed in French)
- Other provision, “clôture assemblée, B CLOTURE” (deed in French)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Rue Vallée Bailly 831420 Braine-l'Alleud1 establishment unit
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SWITCH CONCEPT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, Article 2:Siège” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, un ou plusieurs administrateurs, personnes physiques ou morales, actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, actions” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Article 27, en tout temps par décision assemblée générale délibérant formes prévues modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Article 28, sans préjudice faculté assemblée désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)