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Complete company report
Generated 25-06-2026
Active BE 0839.426.122Public limited companyOpen bankruptcy

SWITCHON

Noorderlaan 79 ·2030 Antwerpen, Belgium· 14 yrs active
Conclusion Checked

A bankruptcy procedure is open for SWITCHON according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2021 annual accounts show negative equity (€-7.27M) and a net result of €-18.97M.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-7.27M
Net result €-18.97M
Active 14 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health0Profitability100Solvency50Growth32Stability0
36 / 100

Fragile profile — watch health in particular.

Health 0
Profitability 100
Solvency 50
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
60 / 100
High risk
Components
· 1 judicial reorganisation (+10)
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview9 NBB filings
Annual accounts filed on 21-10-2021 with the NBB · fiscal year 2021 · micro
€-20.00M€-15.00M€-10.00M€-5.00M€0Operating result 2019: €-30k€-30kNet result 2019: €-10.49M€-10.49MOperating result 2020: €51k€51kNet result 2020: €-19.02M€-19.02MNet result 2021: €-18.97M€-18.97M201920202021
Operating resultNet result
Net profit
€-18.97M
+0.3% 19–21
Total assets
€1
-100.0% 19–21
Equity
€-7.27M
+0.7% 19–21
Working capital
€-3.55M
-3.7% 19–21
Debt
€7.27M
-1.4% 19–21
Debt ≤ 1y
€3.50M
-2.8% 19–21
Debt > 1y
€3.76M
0.0% 19–21
Current ratio
0.01
+380.7% 19–21
Quick ratio
0.01
+380.7% 19–21
Solvency
-726614607.0%
-5039599.2% 19–21
Debt / equity
-0.52
-0.7% 19–21
ROE
261.0%
+0.4% 19–21
ROA
-1896614607.0%
-5060708.8% 19–21
Figures by fiscal year
Fiscal year2021
Revenue—
EBITDA—
Net profit€-18.97M
Cash flow—
Staff costs—
Income taxes—
Dividends—
Total assets€1
Equity€-7.27M
Debt€7.27M
of which ≤ 1y€3.50M
of which > 1y€3.76M
Working capital—
Employees (FTE)—
Ratios (computed)
2021
Current ratio—
Quick ratio—
Working capital ratio—
Solvency-726614607.0%
Debt / equity-0.52
Long-term debt ratio-0.52
Interest coverage—
Gross margin—
Net margin—
ROA-1896614607.0%
ROE261.0%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet — Assets
TOTAL ASSETS 20/58€1
Fixed assets 21/28€1
Financial fixed assets 28€1
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1
Equity 10/15€-7.27M
Contributions / capital 10/11€10.00M
Reserves 13€1.70M
Accumulated profits (losses) 14€-18.97M
Amounts payable 17/49€7.27M
Amounts payable after one year 17€3.76M
Amounts payable within one year 42/48€3.50M
Trade debts payable within one year 44€77k
Income statement
Result before taxes 9903€49k
Net result for the period 9904€49k
Result to be appropriated 9905€49k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator ILSE MERTENS
LEON STIJNENSTRAAT 70, 2000 ANTWERPEN 1
 21-12-2021 → present Belgian State Gazette
Legal Structure
NACE primary —
Legal form Public limited company(014)
Incorporation19-09-2011
StatusActive
Postal code2030
First BS signal 09-08-2019
Latest BS signal 24-01-2022
Company structure — linked entities1 linked entities
SWITCHONBE 0839.426.122ILSE MERTENSReceiver ↔ 67BAITEL DIAMONDSAll Hands Belgium…EXONET
Mandates
↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.
Establishment units 1 location
SWITCHON
Noorderlaan 79, 2030 AntwerpenHoldings
since 20112.205.865.815
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11807G1783/00D000 Flanders 1.0 ha 1 · 4,496 m² 16.7 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022
24-01-2022
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SWITCHON NV NOORDER- LAAN 79/4, 2030 ANTWERPEN 3 · event 21-12-2021
2021
21-10-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
2020
18-11-2020
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
09-12-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
09-08-2019
Judicial reorganisation Opening
Ondernemingsrechtbank Antwerpen · collectif · event 06-08-2019
2018
23-02-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
25-01-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
24-03-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
03-02-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
02-05-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
02-01-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Lifecycle & Insolvency Signals 2 events
24-01-2022
Bankruptcy Opening
Date: 21-12-2021 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SWITCHON NV NOORDER- LAAN 79/4, 2030 ANTWERPEN 3 · Publications in State Gazette ↗
09-08-2019
Judicial reorganisation Opening
Date: 06-08-2019 · Ondernemingsrechtbank Antwerpen · collectif · Publications in State Gazette ↗
Time machine — BS events + macro context 2019 — 2026
COVID lockdownEnergiecrisisECB hikes201920202021202220232024202520262019-08-09 · Judicial reorganisation · Opening2022-01-24 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL SWITCHON
Registered office
Noorderlaan 79 bus 4
2030 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative