Chauffage SWINNEN

Active

Private limited companyfounded 20215 yrs activeA la Haupe(VEL) 5, 5060 Sambreville, BelgiumKBO/BCE: BE 0766.891.601

Summary

The computed 12-month bankruptcy probability of Chauffage SWINNEN is 2.8% (moderate). The 2024 annual accounts show equity of €36k and a net result of €6k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability80▲+3

Solvency82▲+13

Growth52=

Track record94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 2.71 against 1.62 in 2023; short-term debt: 27.1% and cash: 21% of total assets), and 43.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

56.8%

Return on assets

9.1%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

30 d late

2022

29 d late

2021

31 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€36k▲ 19.1%

2023 · €30k

2021: €18k 2022: €26k 2023: €30k

2021 → 2024

Total assets

€64k▼ 8.8%

2023 · €70k

2021: €36k 2022: €41k 2023: €70k

2021 → 2024

Net result

€6k▲ 19.6%

2023 · €5k

2021: €13k 2022: €8k 2023: €5k

2021 → 2024

Working capital

€30k▲ 81.1%

2023 · €16k

2021: €5k 2022: €16k 2023: €16k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€18k-€26k▲ 43.1%€30k▲ 19.0%€36k▲ 19.1%

Operating result€18k-€12k▼ 34.8%€7k▼ 42.5%€8k▲ 13.5%

Net result€13k-€8k▼ 40.2%€5k▼ 37.0%€6k▲ 19.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 14% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €64k

26.6%

73.4%

Fixed assets €17k ▼ 37.7%

Current assets €47k ▲ 9.6%

Equity and liabilities €64k

56.8%

43.2%

Equity €36k ▲ 19.1%

Debt €28k ▼ 30.3%

Debt's share of the balance-sheet total falls from 56.5% to 43.2%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▲

2023 · €13k

Cash flow

€18k▲

2023 · €12k

Current ratio

2.71▲

2023 · 1.62

Debt to equity

0.76▼

2023 · 1.30

ROE

16.0%▲

2023 · 15.9%

ROA

9.1%▲

2023 · 6.9%

Interest coverage

17.56▼

2023 · 19.12

Debt ≤ 1 year

€17k▼

2023 · €26k

Debt > 1 year

€8k▼

2023 · €12k

Income taxes

€767▼

2023 · €1k

Staff costs

€56k▲

2023 · €24k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines

Balance sheet Code20232024

Assets

Total assets20/58€70k€64k▼

Fixed assets21/28€27k€17k▼

Tangible fixed assets22/27€27k€17k▼

Plant, machinery and equipment23€788€2k▲

Furniture and vehicles24€26k€15k▼

Current assets29/58€43k€47k▲

Stocks and contracts in progress3€5k-

Contracts in progress37€5k-

Amounts receivable within one year40/41€15k€28k▲

Trade receivables40€9k€23k▲

Other amounts receivable41€6k€4k▼

Cash at bank and in hand54/58€17k€13k▼

Deferred charges and accrued income490/1€6k€6k▼

Equity and liabilities

Total equity and liabilities10/49€70k€64k▼

Equity10/15€30k€36k▲

Contributions10/11€5k€5k=

Reserves13€25k€31k▲

Distributable reserves133€25k€31k▲

Amounts payable17/49€40k€28k▼

Amounts payable after more than one year17€12k€8k▼

Financial debts170/4€12k€8k▼

Amounts payable within one year42/48€26k€17k▼

Current portion of amounts payable after more than one year42€4k€4k=

Trade debts44€666€2k▲

Suppliers440/4€666€2k▲

Taxes, remuneration and social security45€13k€9k▼

Taxes450/3€9k€3k▼

Remuneration and social security454/9€5k€6k▲

Other amounts payable47/48€8k€2k▼

Accrued charges and deferred income492/3€1k€2k▲

Income statement Code20232024

Remuneration, social security and pensions62€24k€56k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€12k▲

Other operating charges640/8€1k€1k▼

Gross operating margin9900€38k€76k▲

Operating profit (loss)9901€7k€8k▲

Financial income75/76B€404€153▼

Recurring financial income75€404€153▼

Financial charges65/66B€700€1k▲

Recurring financial charges65€700€1k▲

Profit (loss) for the period before taxes9903€6k€7k▲

Income taxes67/77€1k€767▼

Profit (loss) for the period9904€5k€6k▲

Profit (loss) for the period to be appropriated9905€5k€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€5k€6k▲

Transfer to equity691/2€5k€6k▲

To other reserves6921€5k€6k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Weakest financial yearnet €5k ▼37%

Net result drops to €5k, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Sambreville · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

A la Haupe(VEL) 55060 Sambreville

Ground area

375 m²

Building footprint

215 m²

Parcel 92129B0189/00M000, Wallonia. Linked by address, not a title deed.

1 establishment unit

Chauffage SWINNEN

A la Haupe(VEL) 5, 5060 SambrevilleRepair, maintenance and installation of machinery and equipment

since 20212.321.832.283

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92129B0189/00M000	Wallonia	375 m²	1 · 215 m²	-

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.

Similar companies · same sector, comparable size

SERVICES MERTENS

BE 0754.541.719

Wommelgem · Eq €36,256

THOBEL

BE 0738.496.038

Grez-Doiceau · Eq €36,231

SMETS SANITAIR

BE 0798.584.469

Kortenberg · Eq €36,209

VMR Technics

BE 0804.290.148

Westerlo · Eq €36,337

GROUP TASCI

BE 0799.446.977

Heusden-Zolder · Eq €36,354

Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,836 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-04-2021

Fiscal year end31-12

Activities, NACEBEL 2025

43221Plumbing work

43222Installation of electric heating, air conditioning, cooling and ventilation

33110Repair and maintenance of fabricated metal products

46130Agents in the wholesale of timber and building materials

46140Agents in the wholesale of industrial machinery, ships and aircraft

46842Wholesale trade

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.