Equity
-€81,939
Debts exceed assets in financial year 2025.
SWITCH ON
Lifetime
6 annual accounts with figures on one time axispeak -€2,976 (2025)
-€2,976▲ €17,860
lowest -€155,861 (2023)
-€37,843▲ €18,688
peak €168,297 (2022)
-€81,939▼ €37,843
€170,757▼ 7.9%
Board6 names since 2019
1 directorQuentin Laurent
Owners2 names in the annual accounts
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€20,835 to -€2,976Loss of €37,843Equity from -€44,096 to -€81,939Cash from €12,843 to €2,096
Key points
from the 2025 annual accountsLosses
-€378,939 in six years
Every financial year from 2020 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€170,757 192% of the balance sheet
Financial debts 94%Suppliers 3%Taxes and wages 0%Other 3%
Of this, €7,945 falls due within a year.
Liquidity
0.97 was 1.78 in 2024
Short-term debts fell from €14,602 to €7,945.
Filings
6 annual accounts 4 late
The 2021 accounts came latest: 31 days after the end of the period.
Position in the sector
-€37,843
Lower net result than 94% of companies in retail trade. Sector median €5,052 · 22,900 companies.
Turnover not published (micro format)
Checked score
35
Weak
Financially stronger than 19% of micro companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.2%lowest value
01-2025: 4.4%▲ +1.2 percentage points vs 12-2024
02-2025: 4.4%● unchanged vs 01-2025
03-2025: 4.4%● unchanged vs 02-2025
04-2025: 4.5%▲ +0.1 percentage points vs 03-2025
05-2025: 4.7%▲ +0.2 percentage points vs 04-2025
06-2025: 4.6%▼ -0.1 percentage points vs 05-2025
07-2025: 4.7%▲ +0.1 percentage points vs 06-2025
08-2025: 5.4%▲ +0.7 percentage points vs 07-2025
09-2025: 4.6%▼ -0.8 percentage points vs 08-2025
10-2025: 4.6%● unchanged vs 09-2025
11-2025: 4.6%● unchanged vs 10-2025
12-2025: 4.6%● unchanged vs 11-2025
01-2026: 4.6%● unchanged vs 12-2025
02-2026: 4.6%● unchanged vs 01-2026
03-2026: 4.5%▼ -0.1 percentage points vs 02-2026
04-2026: 4.8%▲ +0.3 percentage points vs 03-2026
05-2026: 5.2%▲ +0.4 percentage points vs 04-2026
06-2026: 5.0%▼ -0.2 percentage points vs 05-2026
07-2026: 5.1%▲ +0.1 percentage points vs 06-2026
08-2026: 6.1%▲ +1.0 percentage point vs 07-2026highest value
09-2026: 5.2%▼ -0.9 percentage points vs 08-2026
10-2026: 5.2%● unchanged vs 09-2026
11-2026: 5.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€81,939
Loss of €37,843, the second in a row (financial year 2025)
lowers risk
Size: total assets €88,818
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 47, micro). It does better than 6% of them on solvency, 58% on liquidity, 6% on profitability and 7% 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 elevated class on 30-06-2025, 6.3% 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, 6,008 companies had the same profile as SWITCH ON has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SWITCH ON itself: 5.2% 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 6,008 companies, not a prediction for SWITCH ON. 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 insufficient, with a current ratio of 0.97 (1.78 in 2024), below 1. Short-term debt is 8.9% and cash 2.4% of total assets. 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 risk
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 -€81,939
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
31 days late
2024
on the day
2023
8 days early
2022
31 days late
2021
31 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 19 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 31 August (4 of the last 5 accounts filed within 31 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
- Huis voor veerkracht 8.7%score 91equity €575,613 (2025) · 2025 annual accounts of Huis voor veerkracht
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0727484063
Registered office moved from Kontich to Ghent
New registered office: Voskenslaan 95A, 9000 Gent · Previous registered office: Groeningenlei 16, 2550 Kontich · Resignations: Ingeborg Hoffelinck (director) and Lemon Companies (director) · General meeting of 07-10-2024 · Gazette deed
Appointment: Quentin Laurent (director)
Resignation: Christophe Ballet (director) · General meeting of 30-06-2024 · Gazette deed
Appointment: Hoffelinck Ingeborg (director)
Resignation: Elke Van Hoof (director) · General meeting of 30-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SWITCH ON Ghent | €88,818 | -€2,976 | -92.3% | - |
| LittleStoriesBaby Oudenaarde | €96,827 | -€4,208 | -45.0% | - |
| AXG Hamme (Vl.) | €72,352 | €950 | 20.9% | - |
| THOROO Lochristi | €79,211 | -€12,903 | 90.4% | - |
| Belgian Beer Factory Hoogstraten | €110,795 | -€81,845 | -137.9% | - |
| ISB GROUP Brussels | €106,049 | -€12,768 | 29.6% | - |
| Infinity Supply Chain Management Houthulst | €83,504 | -€9,914 | -60.8% | - |
These companies have the same main activity as SWITCH ON: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €72,400 and €111,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 24-05-2019Normal situation
- Activity
- Other non-specialised retail saleNACE 47120and 4 others
- Establishment unit
- 2.290.211.1749000 Ghent, since 24-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 04-01-2026
Insights on SWITCH ON
SWITCH ON files the micro format. That format states no turnover. The gross margin rose from -€5,698 in 2020 to -€2,976 in 2025.
In 2024, three directors stepped down.
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 SWITCH ON
- What is the company number of SWITCH ON?
- The company number of SWITCH ON is 0727.484.063. The VAT number is the same number with BE in front: BE 0727.484.063.
- Where is SWITCH ON based?
- The registered office is at Voskenslaan 95, 9000 Ghent.Company details
- What does SWITCH ON do?
- According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
- What is the legal form of SWITCH ON?
- SWITCH ON is a private limited company (BV).
- When was SWITCH ON founded?
- SWITCH ON was founded on 24-05-2019.
- Is SWITCH ON still active?
- Yes, SWITCH ON is an active enterprise in the KBO register.
- What is the turnover of SWITCH ON?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SWITCH ON profitable?
- In financial year 2025, SWITCH ON made a loss of €37,843.
- Where can I find the annual accounts of SWITCH ON?
- SWITCH ON filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SWITCH ON due?
- SWITCH ON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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