Switch On Financial
ActiveSwitch On Financial has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €52k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 26% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+15
Solvency49▲+3
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.01 in 2024; short-term debt: 9.4% and cash: 8.7% of total assets), and 75.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.1%
Return on assets
9.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
25 d late
2024
31 d early
2023
40 d early
2022
33 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€127k▲ 1.6%
2024 · €125k
2022: €20k
2023: €108k
2024: €125k
2022 → 2025
Total assets
€526k▼ 12.1%
2024 · €598k
2022: €90k
2023: €194k
2024: €598k
2022 → 2025
Net result
€52k▲ 211%
2024 · €17k
2022: €58k
2023: €88k
2024: €17k
2022 → 2025
Working capital
€350▼ 53.0%
2024 · €745
2022: €17k
2023: €83k
2024: €745
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€20k-€108k▲ 435%€125k▲ 15.5%€127k▲ 1.6%
Operating result€77k-€116k▲ 51.1%€85k▼ 26.7%€133k▲ 55.6%
Net result€58k-€88k▲ 50.8%€17k▼ 81.0%€52k▲ 211%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €526k
Fixed assets
€476k▼ 4.7%
Current assets
€50k▼ 49.5%
Equity and liabilities €526k
Equity
€127k▲ 1.6%
Debt
€399k▼ 15.7%
The debt ratio falls from 79.2% to 75.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€159k▲
2024 · €115k
Cash flow
€78k▲
2024 · €46k
Solvency
24.1%▲
2024 · 20.8%
Current ratio
1.01▼
2024 · 1.01
Quick ratio
1.01▼
2024 · 1.01
Debt / equity
3.15▼
2024 · 3.80
ROE
41.1%▲
2024 · 13.4%
ROA
9.9%▲
2024 · 2.8%
Interest coverage
2.53▲
2024 · 1.75
Debt
€399k▼
2024 · €473k
Debt ≤ 1 year
€49k▼
2024 · €97k
Debt > 1 year
€349k▼
2024 · €376k
Income taxes
€18k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€598k€526k▼
Fixed assets21/28€500k€476k▼
Tangible fixed assets22/27€500k€476k▼
Land and buildings22€461k€448k▼
Furniture and vehicles24€39k€28k▼
Current assets29/58€98k€50k▼
Amounts receivable within one year40/41€31k€249▼
Trade receivables40€20k-
Other amounts receivable41€10k€249▼
Current investments50/53€3k€3k▼
Cash at bank and in hand54/58€60k€46k▼
Deferred charges and accrued income490/1€4k€452▼
Equity and liabilities
Total equity and liabilities10/49€598k€526k▼
Equity10/15€125k€127k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€123k€125k▲
Amounts payable17/49€473k€399k▼
Amounts payable after more than one year17€376k€349k▼
Financial debts170/4€376k€349k▼
Amounts payable within one year42/48€97k€49k▼
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€37k€18k▼
Taxes450/3€37k€18k▼
Other amounts payable47/48€33k-
Accrued charges and deferred income492/3-€469
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€26k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€117k€161k▲
Operating profit (loss)9901€85k€133k▲
Financial income75/76B€3k€43▼
Recurring financial income75€3k€43▼
Financial charges65/66B€66k€63k▼
Recurring financial charges65€66k€63k▼
Profit (loss) for the period before taxes9903€22k€70k▲
Income taxes67/77€6k€18k▲
Profit (loss) for the period9904€17k€52k▲
Profit (loss) for the period to be appropriated9905€17k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€123k€175k▲
Profit (loss) brought forward from the previous period14P€106k€123k▲
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €17k ▼81%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €88k ▲50.8%
Net result €88k, the highest in the series.
31-12
Financial
Equity above €100kEq €108k ▲435%
2 profitable years in a row build equity to €108k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lasne · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route de Beaumont 421380 LasneGround area
1,956 m²
Building footprint
113 m²
Volume, LiDAR
588 m³
Parcel 25051F0460/00G000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Switch On
since 20212.324.450.095
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051F0460/00G000 | Wallonia | 1,956 m² | 1 · 113 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900SEH4GVMXHC7917
Similar companies · same sector, comparable size
Vercalo Services
BE 0568.978.244
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TRAILBLAZER
BE 0563.550.006
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VGS PROJECTS MANAGEMENT
BE 0648.906.244
Halen · Eq €127k
VGA INVEST
BE 0780.470.611
Lasne · Eq €127k
BRECON
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 40,847 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.