SWITCH IN
ActiveFrom the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The annual accounts of SWITCH IN for financial year 2025 show a net loss of 8,469% of total assets and of 100% of the equity at the start of that year. The 2025 annual accounts show equity of €125 and a net result of -€98,191. Equity is shrinking by about 8.5% per year across the filed financial years. Its solvency ranks better than 21% of 3,385 sector peers (NACE 62, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
KBO- Status
- Active since 17-02-2009 Normal situation
- Legal form
- Private limited company
- Registered office
- Vandenboogaerdestraat 16, 1080 Sint-Jans-Molenbeek
- Activity
- Computer consultancy and computer facilities management NACE 62200
- Establishment unit
- 2.176.517.573 1080 Sint-Jans-Molenbeek, since 17-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €17,465
- Turnover
- ≈ €110,000
- estimated
- Loss
- €98,191
- ▲ 235×
- Equity
- €125
- ▼ 99.9%
- Total assets
- €1,159
- ▼ 99.1%
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsLoss of €98,191, the second in a row (financial year 2025)lowers riskSize: total assets €1,159Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 5 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 62, micro): better than 17% on solvency, 31% on liquidity, 5% on profitability and 3% on growth.
The bankruptcy probability was computed on 31-10-2026 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 46 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 12-07-2026
- Format
- abbreviated format
- Reference
- 2026-00282340
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €93,353 in 2025 against €2,385 in 2024; the loss grows and 2025 has the lowest result in the available series.
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 62, Computer programming, consultancy and related 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 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 89.6% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 1,294 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 | €8,291 | €2,136 | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €399 | - | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €168 | €405 | €184 | €184 | €66 | ▼ 64.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €110,752 | - |
| Gross operating margin9900 | -€20,128 | -€7,604 | - | -€214 | -€4,005 | €1,250 | -€2,201 | €17,465 | - |
| Operating profit (loss)9901 | -€21,032 | -€152,104 | -€0 | -€382 | -€4,410 | €1,066 | -€2,385 | -€93,353 | ▼ 3,814% |
| Financial income75/76B | - | - | - | €252 | - | - | €2,040 | - | - |
| Recurring financial income75 | - | - | - | €252 | - | - | €2,040 | - | - |
| Financial charges65/66B | - | - | - | - | €7,867 | €69 | €74 | €239 | ▲ 225% |
| Recurring financial charges65 | €257 | €147 | €183 | - | €7,867 | €69 | €74 | €239 | ▲ 225% |
| Profit (loss) for the period before taxes9903 | -€21,289 | -€217,251 | -€183 | -€130 | -€12,277 | €997 | -€419 | -€93,591 | ▼ 22,255% |
| Income taxes67/77 | - | €226,530 | - | - | - | - | - | €4,600 | - |
| Profit (loss) for the period9904 | -€21,289 | -€443,780 | -€183 | -€130 | -€12,277 | €997 | -€419 | -€98,191 | ▼ 23,354% |
| Profit (loss) for the period to be appropriated9905 | -€21,289 | -€443,780 | -€183 | -€130 | -€12,277 | €997 | -€419 | -€98,191 | ▼ 23,354% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €582,762 | €198,899 | €178,899 | €178,752 | €174,799 | €150,965 | €122,711 | €1,159 | ▼ 99.1% |
| Fixed assets21/28 | €399 | €399 | €113,151 | €112,752 | €112,752 | €112,752 | €112,752 | - | - |
| Tangible fixed assets22/27 | €399 | €399 | €399 | - | - | - | - | - | - |
| Financial fixed assets28 | - | - | €112,752 | €112,752 | €112,752 | €112,752 | €112,752 | - | - |
| Current assets29/58 | €582,364 | €198,500 | €65,748 | €66,000 | €62,047 | €38,213 | €9,959 | €1,159 | ▼ 88.4% |
| Amounts receivable after more than one year29 | - | - | - | €66,000 | €58,500 | €36,000 | €6,000 | - | - |
| Trade receivables290 | - | - | - | €66,000 | €58,500 | €36,000 | €6,000 | - | - |
| Amounts receivable within one year40/41 | €69,184 | - | - | - | - | €1,400 | €1,399 | €252 | ▼ 82.0% |
| Other amounts receivable41 | - | - | - | - | - | €1,400 | €1,399 | €252 | ▼ 82.0% |
| Cash at bank and in hand54/58 | €1 | - | - | - | €3,547 | €813 | €2,560 | €908 | ▼ 64.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €582,762 | €198,899 | €178,899 | €178,752 | €174,799 | €150,965 | €122,711 | €1,159 | ▼ 99.1% |
| Equity10/15 | €554,108 | €110,328 | €110,145 | €110,015 | €97,738 | €98,735 | €98,316 | €125 | ▼ 99.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €18,600 | - | €18,600 | - |
| Other1109/19 | - | - | - | - | - | €18,600 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €533,648 | €89,868 | €89,685 | €89,555 | €77,278 | €78,275 | €77,856 | -€20,335 | - |
| Amounts payable17/49 | €28,654 | €88,571 | €68,754 | €68,737 | €77,061 | €52,231 | €24,395 | €1,034 | ▼ 95.8% |
| Amounts payable within one year42/48 | €28,654 | €88,571 | €68,754 | €68,737 | €77,061 | €52,231 | €24,395 | €1,034 | ▼ 95.8% |
| Trade debts44 | €621 | €96 | €96 | - | €571 | €2,340 | €2,105 | €1,034 | ▼ 50.9% |
| Suppliers440/4 | - | - | - | - | €571 | €2,340 | €2,105 | €1,034 | ▼ 50.9% |
| Taxes, remuneration and social security45 | - | - | - | €68,657 | €76,490 | €48,890 | €21,290 | - | - |
| Taxes450/3 | - | - | - | €68,657 | €76,490 | €48,890 | €21,290 | - | - |
| Other amounts payable47/48 | - | - | - | €80 | €1 | €1,001 | €1,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,289 | -€443,780 | -€183 | -€130 | -€12,277 | €997 | -€419 | -€98,191 | ▼ 23,354% |
| + Depreciation and write-downs630 | €399 | - | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€20,890 | -€443,780 | -€183 | -€130 | -€12,277 | €997 | -€419 | -€98,191 | ▼ 23,354% |
| Investment in fixed assets (approximation) | - | €0 | -€112,752 | €399 | €0 | €0 | €0 | - | - |
| Change in cash | - | - | - | - | - | -€2,734 | €1,747 | -€1,652 | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 12-07-2026 | 2026-00282340 | NBB |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00419997 | |
| 31-12-2023 | micro format | 02-09-2024 | 2024-00429186 | |
| 31-12-2022 | micro format | 14-09-2023 | 2023-00446127 | |
| 31-12-2021 | micro format | 15-10-2022 | 2022-20461468 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-76400301 | |
| 31-12-2019 | micro format | 09-10-2020 | 2020-61400455 | |
| 31-12-2018 | micro format | 13-10-2019 | 2019-70200142 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-52600218 | |
| 31-12-2016 | full format | 17-01-2018 | 2018-01800143 |
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 |
|---|---|
| ARRIGO SALVATORE |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, 1”“Portée aux frais généraux, fixe ou proportionnelle”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté assemblée générale de désigner un ou plusieurs liquidateurs, le ou les administrateurs en fonction”
Articles of association, deed of 17-01-2024
Owners and capital
Capital and shareholders
- 17-01-2024 Converted to unavailable equity · €20,460
Shares according to the articles of association
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d'actions acquises s'ils sont plusieurs…”
- Share issue ruleHow and by whom new shares can be issued.
- “Article 7. Apport en numéraire avec émission de nouvelles actions – Droit de préférence, organe qui procède à l’émission”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 17-01-2024 (in French)
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
25-06
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Registered-office move, Rue Vandenboogaerde 16, bt 12, 1080 Molenbeek
- General meeting
17-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal form clause · Capital conversion · Reserve release7 facts ▸
- Legal form clause, “forme légale du Code des sociétés et des associations se rapprochant le plus de sa forme actuelle, SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “disponible pour distribution, compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Kind of shares, 186, “droit égal dans la répartition des bénéfices et des produits de la liquidation par action” (deed in French)
- Director in office, ARRIGO Salvatore (director)
- Power of attorney (2 times)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the 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 IN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la Région wallonne par simple décision de…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 30 June
Articles of association, deed of 17-01-2024 (in French)
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21012A0078/00K017 | Brussels | 2,443 m² | 1 · 436 m² | 19.3 m · 6 |