Switch Projects
The computed 12-month bankruptcy probability of Switch Projects is 0.9% (low). The 2024 annual accounts show equity of €90k and a net result of €21k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €90k |
| Net result | €21k |
| Active | 4 yrs |
| Locations | 1 |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €39k |
| Net profit | €21k |
| Cash flow | €28k |
| Staff costs | - |
| Income taxes | €8k |
| Dividends | - |
| Total assets | €415k |
| Equity | €90k |
| Debt | €325k |
| of which ≤ 1y | €80k |
| of which > 1y | €245k |
| Working capital | €-25k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.69 |
| Quick ratio | 0.69 |
| Working capital ratio | -6.0% |
| Solvency | 21.8% |
| Debt / equity | 3.59 |
| Long-term debt ratio | 2.71 |
| Interest coverage | 12.13 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.1% |
| ROE | 23.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €415k |
| Fixed assets | 21/28 | €360k |
| Tangible fixed assets | 22/27 | €360k |
| Current assets | 29/58 | €55k |
| Amounts receivable within one year | 40/41 | €9k |
| Cash & bank | 54/58 | €45k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €415k |
| Equity | 10/15 | €90k |
| Contributions / capital | 10/11 | €2k |
| Reserves | 13 | €89k |
| Amounts payable | 17/49 | €325k |
| Amounts payable after one year | 17 | €245k |
| Amounts payable within one year | 42/48 | €80k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €81k |
| Operating result | 9901 | €33k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €30k |
| Income taxes | 67/77 | €8k |
| Net result for the period | 9904 | €21k |
| Result to be appropriated | 9905 | €21k |
| NACE primary | 82990 |
| Legal form | Private limited company(610) |
| Incorporation | 24-05-2022 |
| Status | Active |
| Postal code | 3640 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72026C0554/00E009 | Flanders | 3,326 m² | 1 · 674 m² | 8.8 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
21-08-2025 Discharge granted to the board
Technical details
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"kind": "substantive_delegation",
"role": "bestuurder",
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"name": "Feyaerts Mattias",
"address": "3201 Aarschot (Langdorp), Testeltsesteenweg 35",
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"effective_date": "2024-11-01",
"evidence_quote": "De vergadering beslist als nieuwe bestuurder te benoemen: Feyaerts Mattias, geboren te Leuven op 30 juni 1985, wonende te 3201 Aarschot (Langdorp), Testeltsesteenweg 35 Zijn mandaat gaat in op 01.11.2024 en heeft een onbepaalde duur.",
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{
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"evidence_quote": "Dit besluit wordt aangenomen met eenparigheid van stemmen.",
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"act_meta": {
"language": "mixed",
"pub_date": "2025-08-21",
"filing_date": "2025-02-01",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
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}
],
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"subject_company": {
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Switch Projects |