WHITE SWAN
ActiveWHITE SWAN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €388k and a net result of €-3k. Equity is growing by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 180 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-2
Solvency88=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.69 against 2.7 in 2024; short-term debt: 37.2% and cash: 35.1% of total assets), and 37.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
3 d early
2023
7 d late
2023
27 d early
2022
40 d early
2021
19 d early
2020
19 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€388k▼ 0.7%
2024 · €391k
2019: €-604k
2020: €-481k
2021: €-331k
2022: €-141k
2023: €2k
2023: €391k
2024: €391k
2019 → 2025
Total assets
€619k▼ 0.4%
2024 · €621k
2019: €4k
2020: €28k
2021: €1k
2022: €72k
2023: €114k
2023: €654k
2024: €621k
2019 → 2025
Net result
€-3k
2024 · €569
2019: €114k
2020: €123k
2021: €149k
2022: €190k
2023: €143k
2023: €389k
2024: €569
2019 → 2025
Working capital
€388k▼ 0.8%
2024 · €391k
2019: €-545k
2020: €-422k
2021: €-332k
2022: €-141k
2023: €1k
2023: €390k
2024: €391k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202320242025Trend
Equity€-141k-€2k€391k▲ 24,076%€391k▲ 0.1%€388k▼ 0.7%
Operating result€190k-€143k▼ 25.0%€385k▲ 170%€746▼ 99.8%€-3k
Net result€190k-€143k▼ 25.1%€389k▲ 173%€569▼ 99.9%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €619k
Fixed assets
€500=
Current assets
€618k▼ 0.4%
Equity and liabilities €619k
Equity
€388k▼ 0.7%
Debt
€230k▲ 0.1%
The debt ratio rises from 37.0% to 37.2%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
62.8%▼
2024 · 63.0%
Current ratio
2.69▼
2024 · 2.70
Quick ratio
2.69▼
2024 · 2.70
Debt / equity
0.59▲
2024 · 0.59
ROE
-0.8%▼
2024 · 0.1%
ROA
-0.5%▼
2024 · 0.1%
Debt
€230k▲
2024 · €230k
Debt ≤ 1 year
€230k▲
2024 · €230k
Income taxes
€0▼
2024 · €133
Staff costs
€0▼
2024 · €384
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€621k€619k▼
Fixed assets21/28€500€500=
Financial fixed assets28€500€500=
Current assets29/58€621k€618k▼
Amounts receivable after more than one year29€400k€0▼
Other amounts receivable291€400k€0▼
Amounts receivable within one year40/41€454€401k▲
Trade receivables40€0-
Other amounts receivable41€454€401k▲
Cash at bank and in hand54/58€220k€217k▼
Equity and liabilities
Total equity and liabilities10/49€621k€619k▼
Equity10/15€391k€388k▼
Contributions10/11€19k€19k=
Reserves13€373k€370k▼
Distributable reserves133€373k€370k▼
Amounts payable17/49€230k€230k▲
Amounts payable within one year42/48€230k€230k▲
Trade debts44€152k€171k▲
Suppliers440/4€152k€171k▲
Taxes, remuneration and social security45€133€133=
Taxes450/3€133€133=
Other amounts payable47/48€78k€59k▼
Income statement
Code20242025
Remuneration, social security and pensions62€384€0▼
Other operating charges640/8€796€519▼
Gross operating margin9900€2k€-2k▼
Operating profit (loss)9901€746€-3k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€44€40▼
Recurring financial charges65€44€40▼
Profit (loss) for the period before taxes9903€702€-3k▼
Income taxes67/77€133€0▼
Profit (loss) for the period9904€569€-3k▼
Profit (loss) for the period to be appropriated9905€569€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€569€-3k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€3k
Transfer to equity691/2€569€0▼
To other reserves6921€569€0▼
The notes to these accounts (4 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-3k ▼616%
Net result drops to €-3k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Highest result since 2019net €389k ▲173%
Operating result €385k, net result €389k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.48
Current ratio from 1.01 to 2.48.
31-12
Financial
Equity above €200kEq €391k ▲24076%
6 profitable years in a row build equity to €391k.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 1.01
Current ratio from 0.33 to 1.01; short-term debt falls from €212k to €112k.
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Nijlen · 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.
Kraaistraat(Kessel) 12560 NijlenGround area
730 m²
Building footprint
366 m²
Volume, LiDAR
1,296 m³
Parcel 12018C0051/00B000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
White Swan
since 20102.188.829.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018C0051/00B000 | Flanders | 729 m² | 1 · 366 m² | 8.4 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.
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Coopérative d’ÉneRgie Liégeoise Citoyenne
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4 - ENERGY
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GAMMA SOLAR ENERGY
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Of 815 companies in sector 35110 we hold annual accounts for 631. 424 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2010
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.