Equity
-€145,150
Debts exceed assets in financial year 2025.
THE SWING KING
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2003peak €121,480 (2015)
€9,536▲ €24,516
lowest -€46,993 (2023)
-€44,764▼ €13,475
peak €58,203 (2018)
-€145,150▼ €44,764
€182,465▼ 11.7%
peak 1 FTE (2006)
-not published
Board3 names since 2020
1 directorAPER Matthias
Documentsfilings and deeds
29-03-202632 days before the deadline
2025micro format
Gross margin from -€14,979 to €9,536Loss of €44,764Registered office moved within Oudenaarde 07-01Equity from -€100,386 to -€145,150
Key points
from the 2025 annual accountsLosses
-€203,353 in seven years
Every financial year from 2019 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €56,000 estimated
The micro format states no turnover.
Debts
€182,465 489% of the balance sheet
Financial debts 0%Suppliers 1%Taxes and wages 2%Other 97%
Filings
22 annual accounts since 2003
Two of the last ten came late. The 2016 accounts came latest: 28 days after the end of the period.
Position in the sector
-389.0%
Lower solvency than 95% of companies in office administrative support. Sector median 50.3% · 9,691 companies.
Checked score
53
Fair
Financially stronger than 13% of micro companies in office administrative support (NACE 82)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%lowest value
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 2.1%▲ +1.1 percentage points vs 01-2025highest value
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 1.6%▼ -0.5 percentage points vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.5%▼ -0.1 percentage points vs 11-2025
01-2026: 1.6%▲ +0.1 percentage points vs 12-2025
02-2026: 1.4%▼ -0.2 percentage points vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.6%▲ +0.2 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.6%● unchanged vs 07-2026
09-2026: 1.6%● unchanged vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€145,150
1 change of registered office in 24 months
Loss of €44,764, the second in a row (financial year 2025)
lowers risk
Size: total assets €37,315
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 5% of them on solvency, 28% on liquidity, 5% on profitability and 14% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as THE SWING KING has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THE SWING KING itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,619 companies, not a prediction for THE SWING KING. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.19 (0.3 in 2024), below 1. Short-term debt is 489% and cash 35.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€145,150
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-03-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
30 days early
2023
35 days early
2022
26 days early
2021
36 days early
2020
30 days early
2019
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end08-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478524259
Registered office moved within Oudenaarde
New registered office: Hoogstraat 18 bus 301 te 9700 Oudenaarde · Previous registered office: Markt, 53 9700 Oudenaarde · General meeting of 25-09-2024 · Gazette deed
2 directors resigning, 1 reappointment
Resignations: APER Matthias and DE CLERCQ Tiffany · Reappointment: APER Matthias (director) · “Zakelijke dienstverlening en persoonlijk diensten;het verlenen rechtstreeks en onrechtstreeks van bijstand en…” (deed in Dutch) · General meeting of 31-07-2023 · Gazette deed
Resignation: Gregory Aper (manager)
Director discharge: Gregory Aper · General meeting of 01-02-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THE SWING KING Oudenaarde | €37,315 | €9,536 | -389.0% | - |
| CUVELIER Waregem | €40,290 | €9,189 | 79.2% | - |
| R.D.H. Herentals | €37,029 | €10,628 | 92.2% | - |
| Four-B Technics Grobbendonk | €32,503 | €8,104 | 21.2% | - |
| MAC BILLY'S Sint-Truiden | €31,159 | €9,806 | -110.4% | - |
| CREATIVE PLUS PRODUCTION Lennik | €45,467 | €9,918 | 85.1% | - |
| ATTAVITA Ghent | €25,248 | €6,958 | -123.4% | - |
These companies have the same main activity as THE SWING KING: other business support services (NACE 82990). They are comparable in size and age: total assets between €25,200 and €45,500, founded between 1999 and 2005.
Official details
Source: KBO- Status
- Active since 09-10-2002Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.186.259.9379700 Oudenaarde, since 18-03-2010
- Financial year end
- 30 September
- Peppol
- Reachable since 01-07-2025
Annual accounts to 30-09-2025
- €37,315▼ 64.8%
- Filing
- Filed on 29-03-2026, 32 days before the end of the filing period
Insights on THE SWING KING
THE SWING KING files the micro format. That format states no turnover. The gross margin rose from -€9,822 in 2006 to €9,536 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THE SWING KING
- What is the company number of THE SWING KING?
- The company number of THE SWING KING is 0478.524.259. The VAT number is the same number with BE in front: BE 0478.524.259.
- Where is THE SWING KING based?
- The registered office is at Hoogstraat 18, 9700 Oudenaarde.Company details
- What does THE SWING KING do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of THE SWING KING?
- THE SWING KING is a private limited company (BV).
- When was THE SWING KING founded?
- THE SWING KING was founded on 09-10-2002.
- Is THE SWING KING still active?
- Yes, THE SWING KING is an active enterprise in the KBO register.
- What is the turnover of THE SWING KING?
- The turnover in financial year 2025 is ≈ €56,000. This figure is estimated from the gross margin of €9,536 and 44 comparable companies (NACE 82990). It probably lies between €29,000 and €110,000. It is a rough estimate.Financials
- Is THE SWING KING profitable?
- In financial year 2025, THE SWING KING made a loss of €44,764.
- Where can I find the annual accounts of THE SWING KING?
- THE SWING KING filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THE SWING KING due?
- THE SWING KING must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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