SWITCH ON
ActiveSummary
The computed 12-month bankruptcy probability of SWITCH ON is 2.9% (moderate). The 2025 annual accounts show negative equity (€-82k) and a net result of €-38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 18400 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 1.78 in 2024; short-term debt: 8.9% and cash: 2.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-92.3%
Return on assets
-42.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-82k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
8 d early
2022
31 d late
2021
31 d late
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-82k▼ 85.8%
2024 · €-44k
2020: €-12k
2021: €16k▲ +238% vs 2020
2022: €168k▲ +955% vs 2021highest in 6 years
2023: €12k▼ -92.6% vs 2022
2024: €-44k▼ -455% vs 2023
2025: €-82k▼ -85.8% vs 2024lowest in 6 years
2020 → 2025
Total assets
€89k▼ 37.2%
2024 · €141k
2020: €191k
2021: €157k▼ -17.8% vs 2020
2022: €330k▲ +110% vs 2021highest in 6 years
2023: €192k▼ -42.0% vs 2022
2024: €141k▼ -26.2% vs 2023
2025: €89k▼ -37.2% vs 2024lowest in 6 years
2020 → 2025
Net result
€-38k▲ 33.1%
2024 · €-57k
2020: €-14khighest in 6 years
2021: €-68k▼ -400% vs 2020
2022: €-48k▲ +29.4% vs 2021
2023: €-156k▼ -227% vs 2022lowest in 6 years
2024: €-57k▲ +63.7% vs 2023
2025: €-38k▲ +33.1% vs 2024
2020 → 2025
Working capital
€-278
2024 · €11k
2020: €-44klowest in 6 years
2021: €24k▲ +156% vs 2020
2022: €217k▲ +792% vs 2021highest in 6 years
2023: €39k▼ -82.1% vs 2022
2024: €11k▼ -70.7% vs 2023
2025: €-278▼ -102% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€168k▲ 955%€12k▼ 92.6%€-44k€-82k▼ 85.8%
2021: €16k
2022: €168k▲ +955% vs 2021highest in 5 years
2023: €12k▼ -92.6% vs 2022
2024: €-44k▼ -455% vs 2023
2025: €-82k▼ -85.8% vs 2024lowest in 5 years
Operating result€-67k-€-46k▲ 31.5%€-156k▼ 238%€-57k▲ 63.8%€-38k▲ 33.2%
2021: €-67k
2022: €-46k▲ +31.5% vs 2021
2023: €-156k▼ -238% vs 2022lowest in 5 years
2024: €-57k▲ +63.8% vs 2023
2025: €-38k▲ +33.2% vs 2024highest in 5 years
Net result€-68k-€-48k▲ 29.4%€-156k▼ 227%€-57k▲ 63.7%€-38k▲ 33.1%
2021: €-68k
2022: €-48k▲ +29.4% vs 2021
2023: €-156k▼ -227% vs 2022lowest in 5 years
2024: €-57k▲ +63.7% vs 2023
2025: €-38k▲ +33.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €57k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€81k ▼ 29.7%
Current assets
€8k ▼ 70.4%
Key figures and ratios
EBITDA
€-4k▲
2024 · €-21k
Cash flow
€-4k▲
2024 · €-21k
Solvency
-92.3%▼
2024 · -31.2%
Current ratio
0.97▼
2024 · 1.78
Debt to equity
-2.08▲
2024 · -4.20
ROA
-42.6%▼
2024 · -40.0%
Interest coverage
-37.20▲
2024 · -292.44
Debt
€171k▼
2024 · €185k
Debt ≤ 1 year
€8k▼
2024 · €15k
Debt > 1 year
€160k▼
2024 · €168k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€141k€89k▼
Fixed assets21/28€115k€81k▼
Intangible fixed assets21€114k€80k▼
Financial fixed assets28€1k€1k=
Current assets29/58€26k€8k▼
Amounts receivable within one year40/41€13k€6k▼
Trade receivables40€7k€2k▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€13k€2k▼
Equity and liabilities
Total equity and liabilities10/49€141k€89k▼
Equity10/15€-44k€-82k▼
Contributions10/11€297k€297k=
Profit (loss) carried forward14€-341k€-379k▼
Amounts payable17/49€185k€171k▼
Amounts payable after more than one year17€168k€160k▼
Financial debts170/4€168k€160k▼
Amounts payable within one year42/48€15k€8k▼
Trade debts44€10k€6k▼
Suppliers440/4€10k€6k▼
Taxes, remuneration and social security45€25€345▲
Taxes450/3€25€345▲
Other amounts payable47/48€4k€2k▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€34k▼
Other operating charges640/8€580€544▼
Gross operating margin9900€-21k€-3k▲
Operating profit (loss)9901€-57k€-38k▲
Financial income75/76B€42€6▼
Recurring financial income75€42€6▼
Financial charges65/66B€73€95▲
Recurring financial charges65€73€95▲
Profit (loss) for the period before taxes9903€-57k€-38k▲
Profit (loss) for the period9904€-57k€-38k▲
Profit (loss) for the period to be appropriated9905€-57k€-38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-341k€-379k▼
Profit (loss) brought forward from the previous period14P€-285k€-341k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €20k | €34k | €35k | €34k | ▼ 2.4% |
| Other operating charges640/8 | €1k | €867 | €568 | €580 | €544 | ▼ 6.3% |
| Gross operating margin9900 | €-48k | €-26k | €-121k | €-21k | €-3k | ▲ 85.7% |
| Operating profit (loss)9901 | €-67k | €-46k | €-156k | €-57k | €-38k | ▲ 33.2% |
| Financial income75/76B | €0 | €21 | €142 | €42 | €6 | ▼ 86.3% |
| Recurring financial income75 | €0 | €21 | €142 | €42 | €6 | ▼ 86.3% |
| Financial charges65/66B | €169 | €2k | €89 | €73 | €95 | ▲ 29.2% |
| Recurring financial charges65 | €169 | €2k | €89 | €73 | €95 | ▲ 29.2% |
| Profit (loss) for the period before taxes9903 | €-68k | €-48k | €-156k | €-57k | €-38k | ▲ 33.1% |
| Profit (loss) for the period9904 | €-68k | €-48k | €-156k | €-57k | €-38k | ▲ 33.1% |
| Profit (loss) for the period to be appropriated9905 | €-68k | €-48k | €-156k | €-57k | €-38k | ▲ 33.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157k | €330k | €192k | €141k | €89k | ▼ 37.2% |
| Fixed assets21/28 | €117k | €112k | €149k | €115k | €81k | ▼ 29.7% |
| Intangible fixed assets21 | €116k | €112k | €149k | €114k | €80k | ▼ 29.9% |
| Tangible fixed assets22/27 | €477 | - | - | - | - | - |
| Furniture and vehicles24 | €477 | - | - | - | - | - |
| Financial fixed assets28 | €350 | - | - | €1k | €1k | = |
| Current assets29/58 | €40k | €219k | €42k | €26k | €8k | ▼ 70.4% |
| Stocks and contracts in progress3 | €8k | - | - | - | - | - |
| Stocks30/36 | €8k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €20k | €7k | €10k | €13k | €6k | ▼ 57.4% |
| Trade receivables40 | €17k | €1k | €1k | €7k | €2k | ▼ 76.5% |
| Other amounts receivable41 | €3k | €6k | €8k | €6k | €4k | ▼ 35.4% |
| Cash at bank and in hand54/58 | €12k | €211k | €32k | €13k | €2k | ▼ 83.7% |
| Deferred charges and accrued income490/1 | €309 | €160 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157k | €330k | €192k | €141k | €89k | ▼ 37.2% |
| Equity10/15 | €16k | €168k | €12k | €-44k | €-82k | ▼ 85.8% |
| Contributions10/11 | €97k | €297k | €297k | €297k | €297k | = |
| Profit (loss) carried forward14 | €-81k | €-129k | €-285k | €-341k | €-379k | ▼ 11.1% |
| Amounts payable17/49 | €141k | €162k | €179k | €185k | €171k | ▼ 7.9% |
| Amounts payable after more than one year17 | €123k | €158k | €173k | €168k | €160k | ▼ 4.8% |
| Financial debts170/4 | €123k | €158k | €173k | €168k | €160k | ▼ 4.8% |
| Amounts payable within one year42/48 | €16k | €2k | €3k | €15k | €8k | ▼ 45.6% |
| Trade debts44 | €15k | €815 | €2k | €10k | €6k | ▼ 41.4% |
| Suppliers440/4 | €15k | €815 | €2k | €10k | €6k | ▼ 41.4% |
| Taxes, remuneration and social security45 | - | - | €21 | €25 | €345 | ▲ 1,266% |
| Taxes450/3 | - | - | €21 | €25 | €345 | ▲ 1,266% |
| Other amounts payable47/48 | €458 | €845 | €862 | €4k | €2k | ▼ 62.7% |
| Accrued charges and deferred income492/3 | €3k | €3k | €3k | €3k | €3k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-68k | €-48k | €-156k | €-57k | €-38k | ▲ 33.1% |
| + Depreciation and write-downs630 | €18k | €20k | €34k | €35k | €34k | ▼ 2.4% |
| Operating cash flow (approximation) | €-49k | €-28k | €-122k | €-21k | €-4k | ▲ 83.2% |
| Investment in fixed assets (approximation) | - | €-14k | €-72k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €199k | €-179k | €-20k | €-11k | ▲ 45.3% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-156k
Net result drops to €-156k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity times 51current ratio 131.62
Current ratio from 2.56 to 131.62; short-term debt falls from €16k to €2k.
31-12
Financial
Equity above €150kEq €168k ▲955%
Equity rises from €16k to €168k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 2.56
Current ratio from 0.58 to 2.56; short-term debt falls from €103k to €16k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2019
Ground area
1,066 m²
Building footprint
476 m²
Volume, LiDAR
7,278 m³
Parcel 44809I0621/00E002, Flanders · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BEVOY
since 20192.290.211.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0621/00E002 | Flanders | 1,066 m² | 1 · 476 m² | 19.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 49,888 EUR awarded · 49,889 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 30 EUR |
| 2024 | 2 | -112 EUR | 0 EUR |
| 2023 | 1 | 0 EUR | 24,859 EUR |
| 2022 | 1 | 50,000 EUR | 25,000 EUR |
Schemes
O&O-haalbaarheidsstudie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,957 companies in sector 47120 we hold annual accounts for 2,190. 1,281 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
43211General electrical installation work
70200Business and other management consultancy
73200Market research and public opinion polling
82990Other business support services
Contact
Scores and ratios are computed by Checked and are not a credit decision.