THE SWING KING
ActiveTHE SWING KING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-145k) and a net result of €-45k. Equity is shrinking by ~58% per year across the filed fiscal years. Its solvency ranks better than 5% of 7687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
7
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.3 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-389%
Return on assets
-120%
Age of the figures
11 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€145k
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 d early
2024
30 d early
2023
35 d early
2022
26 d early
2021
36 d early
2020
30 d early
2019
34 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-145k▼ 44.6%
2024 · €-100k
2018: €58k
2019: €37k
2020: €3k
2021: €-12k
2022: €-22k
2023: €-69k
2024: €-100k
2018 → 2025
Total assets
€37k▼ 64.8%
2024 · €106k
2018: €161k
2019: €173k
2020: €134k
2021: €138k
2022: €120k
2023: €128k
2024: €106k
2018 → 2025
Net result
€-45k▼ 43.1%
2024 · €-31k
2018: €1k
2019: €-21k
2020: €-35k
2021: €-15k
2022: €-10k
2023: €-47k
2024: €-31k
2018 → 2025
Working capital
€-147k▼ 2.2%
2024 · €-144k
2018: €-23k
2019: €-33k
2020: €-52k
2021: €-50k
2022: €-57k
2023: €-122k
2024: €-144k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-12k-€-22k▼ 78.5%€-69k▼ 213%€-100k▼ 45.3%€-145k▼ 44.6%
Operating result€-15k-€-9k▲ 36.7%€-45k▼ 382%€-29k▲ 34.7%€-43k▼ 45.7%
Net result€-15k-€-10k▲ 35.1%€-47k▼ 383%€-31k▲ 33.4%€-45k▼ 43.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2025 against €29k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€2k▼ 95.9%
Current assets
€36k▼ 43.4%
Key figures and ratios
EBITDA
€-41k▼
2024 · €-19k
Cash flow
€-43k▼
2024 · €-21k
Solvency
-389.0%▼
2024 · -94.6%
Current ratio
0.19▼
2024 · 0.30
Quick ratio
0.19▲
2024 · 0.18
Debt / equity
-1.26▲
2024 · -2.06
ROE
30.8%▼
2024 · 31.2%
ROA
-120.0%▼
2024 · -29.5%
Interest coverage
-19.27▼
2024 · -7.86
Debt
€182k▼
2024 · €207k
Debt ≤ 1 year
€182k▼
2024 · €207k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€106k€37k▼
Fixed assets21/28€43k€2k▼
Tangible fixed assets22/27€35k€2k▼
Plant, machinery and equipment23€9k€2k▼
Other tangible fixed assets26€26k€0▼
Financial fixed assets28€8k€0▼
Current assets29/58€63k€36k▼
Stocks and contracts in progress3€26k€0▼
Stocks30/36€26k€0▼
Amounts receivable within one year40/41€21k€22k▲
Trade receivables40€8k€12k▲
Other amounts receivable41€13k€10k▼
Cash at bank and in hand54/58€15k€13k▼
Deferred charges and accrued income490/1€1k€47▼
Equity and liabilities
Total equity and liabilities10/49€106k€37k▼
Equity10/15€-100k€-145k▼
Contributions10/11€19k€19k=
Reserves13€38k€38k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€-157k€-202k▼
Amounts payable17/49€207k€182k▼
Amounts payable within one year42/48€207k€182k▼
Financial debts43€14€11▼
Credit institutions430/8€14€11▼
Trade debts44€9k€1k▼
Suppliers440/4€9k€1k▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€3k€3k▼
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€192k€177k▼
Income statement
Code20242025
Non-recurring operating income76A€455€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€1k▼
Other operating charges640/8€4k€8k▲
Non-recurring operating charges66A-€42k
Gross operating margin9900€-15k€10k▲
Operating profit (loss)9901€-29k€-43k▼
Financial income75/76B€422€28▼
Recurring financial income75€422€28▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-31k€-45k▼
Profit (loss) for the period9904€-31k€-45k▼
Profit (loss) for the period to be appropriated9905€-31k€-45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-157k€-202k▼
Profit (loss) brought forward from the previous period14P€-126k€-157k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
28-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are 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, Oudenaarde · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoogstraat 189700 OudenaardeGround area
485 m²
Building footprint
518 m²
Volume, LiDAR
3,714 m³
Parcel 45035B0092/00W000, Flanders · tallest building 16.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
The Swing King
since 20102.186.259.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0092/00W000 | Flanders | 485 m² | 1 · 518 m² | 16.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 21,092 EUR awarded · 21,092 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 21,092 EUR | 21,092 EUR |
Schemes
Vlaams Beschermingsmechanisme 10 (stopgezet)
Vlaams Beschermingsmechanisme 11 (stopgezet)
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Of 24,424 companies in sector 82990 we hold annual accounts for 9,361. 2,102 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2002
Fiscal year end30-09
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.