SWITX
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-04-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 176% higher than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,791 | €7,638 |
| Depreciation and write-downs of the year | €684 | €2,170 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €1,077 awarded · €1,077 paidCompanies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as SWITX has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SWITX itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for SWITX. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €684 | €2,170 | ▲ 217% |
| Other operating charges640/8 | €101 | €165 | ▲ 64.2% |
| Gross operating margin9900 | €36,491 | €100,786 | ▲ 176% |
| Operating profit (loss)9901 | €35,707 | €98,450 | ▲ 176% |
| Financial charges65/66B | €1,029 | €2,556 | ▲ 148% |
| Recurring financial charges65 | €1,029 | €2,556 | ▲ 148% |
| Profit (loss) for the period before taxes9903 | €34,678 | €95,895 | ▲ 177% |
| Income taxes67/77 | €7,152 | €19,678 | ▲ 175% |
| Profit (loss) for the period9904 | €27,525 | €76,217 | ▲ 177% |
| Profit (loss) for the period to be appropriated9905 | €27,525 | €76,217 | ▲ 177% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €61,268 | €141,033 | ▲ 130% |
| Formation expenses20 | €761 | €0 | ▼ 100% |
| Fixed assets21/28 | €1,632 | €7,861 | ▲ 382% |
| Tangible fixed assets22/27 | €1,632 | €7,861 | ▲ 382% |
| Plant, machinery and equipment23 | €1,632 | €1,274 | ▼ 21.9% |
| Furniture and vehicles24 | - | €1,073 | - |
| Other tangible fixed assets26 | - | €5,514 | - |
| Current assets29/58 | €58,875 | €133,172 | ▲ 126% |
| Amounts receivable within one year40/41 | €18,150 | €20,340 | ▲ 12.1% |
| Trade receivables40 | €18,150 | €20,340 | ▲ 12.1% |
| Current investments50/53 | €24,004 | €98,004 | ▲ 308% |
| Cash at bank and in hand54/58 | €5,645 | €5,813 | ▲ 3.0% |
| Deferred charges and accrued income490/1 | €11,076 | €9,015 | ▼ 18.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €61,268 | €141,033 | ▲ 130% |
| Equity10/15 | €28,525 | €104,742 | ▲ 267% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €27,525 | €103,742 | ▲ 277% |
| Distributable reserves133 | €27,525 | €103,742 | ▲ 277% |
| Amounts payable17/49 | €32,743 | €36,291 | ▲ 10.8% |
| Amounts payable within one year42/48 | €32,743 | €35,735 | ▲ 9.1% |
| Trade debts44 | €2,267 | €2,310 | ▲ 1.9% |
| Suppliers440/4 | €2,267 | €2,310 | ▲ 1.9% |
| Taxes, remuneration and social security45 | €15,926 | €29,719 | ▲ 86.6% |
| Taxes450/3 | €15,926 | €29,719 | ▲ 86.6% |
| Other amounts payable47/48 | €14,550 | €3,706 | ▼ 74.5% |
| Accrued charges and deferred income492/3 | - | €556 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €27,525 | €76,217 | ▲ 177% |
| + Depreciation and write-downs630 | €684 | €2,170 | ▲ 217% |
| Operating cash flow (approximation) | €28,209 | €78,387 | ▲ 178% |
| Investment in fixed assets (approximation) | - | -€8,399 | - |
| Change in cash | - | €168 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.