SWITCHY
ActiveSummary
SWITCHY has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €62k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency26▼-74
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
0.9%
Return on assets
17.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
7 d early
2024
61 d late
2023
27 d late
2022
31 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3k▼ 98.2%
2024 · €192k
Total assets
€363k▲ 56.7%
2024 · €232k
Net result
€62k▼ 12.6%
2024 · €71k
Working capital
€-57k
2024 · €175k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€109k-€47k▼ 57.0%€91k▲ 93.3%€85k▼ 6.1%
Net result€81k-€39k▼ 52.2%€71k▲ 84.7%€62k▼ 12.6%
Equity€82k-€121k▲ 47.2%€192k▲ 59.2%€3k▼ 98.2%
Total assets€123k-€152k▲ 23.9%€232k▲ 52.2%€363k▲ 56.7%
Debt€41k-€32k▼ 22.8%€40k▲ 25.5%€360k▲ 807%
Working capital€78k-€118k▲ 51.4%€175k▲ 48.1%€-57k
Staff (FTE)0.2-0.3▲ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363k
Fixed assets
€60k ▲ 256%
Current assets
€303k ▲ 41.2%
Equity and liabilities €363k
Equity
€3k ▼ 98.2%
Debt
€360k ▲ 807%
Debt's share of the balance-sheet total rises from 17.1% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€88k▼
2024 · €95k
Cash flow
€66k▼
2024 · €75k
Current ratio
0.84▼
2024 · 5.41
ROA
17.2%▼
2024 · 30.8%
Interest coverage
2154.27▲
2024 · 849.07
Debt ≤ 1 year
€360k▲
2024 · €40k
Income taxes
€19k▲
2024 · €19k
Staff costs
€0▼
2024 · €3k
A ratio outside any meaningful range has been withheld (balance sheet total €363k, equity €3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6k | €640 | €3k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €354 | €4k | €3k | ▼ 22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10k | - |
| Other operating charges640/8 | - | €177 | €912 | €72 | ▼ 92.2% |
| Non-recurring operating charges66A | - | €1k | €0 | - | - |
| Gross operating margin9900 | €116k | €49k | €99k | €98k | ▼ 0.7% |
| Operating profit (loss)9901 | €109k | €47k | €91k | €85k | ▼ 6.1% |
| Financial income75/76B | - | €5 | €0 | €721 | - |
| Recurring financial income75 | - | €5 | €0 | €721 | - |
| Financial charges65/66B | €153 | €2k | €112 | €4k | ▲ 3,597% |
| Recurring financial charges65 | €153 | €100 | €112 | €41 | ▼ 63.3% |
| Non-recurring financial charges66B | - | €2k | €0 | €4k | - |
| Profit (loss) for the period before taxes9903 | €109k | €45k | €91k | €82k | ▼ 9.8% |
| Income taxes67/77 | €28k | €6k | €19k | €19k | ▲ 0.7% |
| Profit (loss) for the period9904 | €81k | €39k | €71k | €62k | ▼ 12.6% |
| Profit (loss) for the period to be appropriated9905 | €81k | €39k | €71k | €62k | ▼ 12.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €123k | €152k | €232k | €363k | ▲ 56.7% |
| Formation expenses20 | €711 | €503 | €295 | €87 | ▼ 70.6% |
| Fixed assets21/28 | €3k | €2k | €17k | €60k | ▲ 256% |
| Tangible fixed assets22/27 | €3k | €2k | €17k | €59k | ▲ 250% |
| Furniture and vehicles24 | €3k | €2k | €17k | €59k | ▲ 250% |
| Financial fixed assets28 | - | - | - | €1k | - |
| Current assets29/58 | €119k | €150k | €214k | €303k | ▲ 41.2% |
| Stocks and contracts in progress3 | €3k | €0 | - | - | - |
| Stocks30/36 | €3k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €20k | €34k | €39k | €95k | ▲ 142% |
| Trade receivables40 | €20k | €34k | €39k | €95k | ▲ 140% |
| Other amounts receivable41 | - | - | - | €714 | - |
| Current investments50/53 | - | €10k | €10k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €96k | €105k | €164k | €207k | ▲ 25.8% |
| Deferred charges and accrued income490/1 | - | - | €548 | €417 | ▼ 23.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €123k | €152k | €232k | €363k | ▲ 56.7% |
| Equity10/15 | €82k | €121k | €192k | €3k | ▼ 98.2% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €81k | €120k | €191k | €2k | ▼ 98.7% |
| Amounts payable17/49 | €41k | €32k | €40k | €360k | ▲ 807% |
| Amounts payable within one year42/48 | €41k | €32k | €40k | €360k | ▲ 807% |
| Trade debts44 | €3k | €5k | €10k | €122k | ▲ 1,162% |
| Suppliers440/4 | €3k | €5k | €10k | €122k | ▲ 1,162% |
| Taxes, remuneration and social security45 | €35k | €23k | €30k | €46k | ▲ 51.9% |
| Taxes450/3 | €34k | €22k | €30k | €46k | ▲ 51.9% |
| Remuneration and social security454/9 | €923 | €965 | €0 | - | - |
| Other amounts payable47/48 | €4k | €4k | €0 | €192k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81k | €39k | €71k | €62k | ▼ 12.6% |
| + Depreciation and write-downs630 | €2k | €354 | €4k | €3k | ▼ 22.8% |
| Operating cash flow (approximation) | €82k | €39k | €75k | €66k | ▼ 13.1% |
| Investment in fixed assets (approximation) | - | €847 | €-19k | €-46k | ▼ 146% |
| Change in cash | - | €9k | €59k | €42k | ▼ 28.3% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €150kEq €192k ▲59.2%
3 profitable years in a row build equity to €192k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €39k ▼52.2%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €121k ▲47.2%
2 profitable years in a row build equity to €121k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2021
Ground area
117 m²
Building footprint
96 m²
Volume, LiDAR
822 m³
Parcel 21816C0011/00D005, Brussels · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Crackn
since 20212.318.261.594
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0011/00D005 | Brussels | 117 m² | 1 · 96 m² | 13.4 m · 3 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 4,684 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
Founded01-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.