SW EVOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of SW EVOLUTION is 11.6% (high). The 2024 annual accounts show negative equity (€-4k) and a net result of €-22k. Equity is shrinking by ~70.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 18941 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
8
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-78
Solvency22▼-20
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
11.6%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 1.08 in 2023; short-term debt: 103.4% and cash: 0.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-3.4%
Return on assets
-18.4%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-4k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
31 d late
2022
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-4k
2023 · €18k
2022: €10k
2023: €18k
2022 → 2024
Total assets
€121k▲ 11.8%
2023 · €108k
2022: €28k
2023: €108k
2022 → 2024
Net result
€-22k
2023 · €8k
2022: €8k
2023: €8k
2022 → 2024
Working capital
€-5k
2023 · €7k
2022: €5k
2023: €7k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€10k-€18k▲ 79.2%€-4k
Operating result€10k-€10k▲ 2.4%€-25k
Net result€8k-€8k▼ 1.4%€-22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €25k after €10k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €121k
Fixed assets
€743 ▼ 93.2%
Current assets
€120k ▲ 23.7%
Key figures and ratios
EBITDA
€-24k▼
2023 · €15k
Cash flow
€-21k▼
2023 · €12k
Solvency
-3.4%▼
2023 · 16.7%
Current ratio
0.96▼
2023 · 1.08
Debt to equity
-30.42▼
2023 · 4.97
ROA
-18.4%▼
2023 · 7.4%
Interest coverage
-72.43▼
2023 · 103.27
Debt
€125k▲
2023 · €90k
Debt ≤ 1 year
€125k▲
2023 · €90k
Staff costs
€743▼
2023 · €19k
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 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€108k€121k▲
Fixed assets21/28€11k€743▼
Tangible fixed assets22/27€10k-
Furniture and vehicles24€10k-
Financial fixed assets28€743€743=
Current assets29/58€97k€120k▲
Amounts receivable within one year40/41€93k€120k▲
Trade receivables40€93k€119k▲
Other amounts receivable41-€492
Cash at bank and in hand54/58€4k€546▼
Equity and liabilities
Total equity and liabilities10/49€108k€121k▲
Equity10/15€18k€-4k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€16k€-6k▼
Amounts payable17/49€90k€125k▲
Amounts payable within one year42/48€90k€125k▲
Trade debts44€62k€103k▲
Suppliers440/4€62k€103k▲
Advances received on contracts in progress46€14k€14k=
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€7k€2k▼
Remuneration and social security454/9€1k€63▼
Other amounts payable47/48€6k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€19k€743▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€1k▼
Other operating charges640/8€529€13k▲
Gross operating margin9900€34k€-10k▼
Operating profit (loss)9901€10k€-25k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€141€327▲
Recurring financial charges65€141€327▲
Profit (loss) for the period before taxes9903€10k€-22k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€8k€-22k▼
Profit (loss) for the period to be appropriated9905€8k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-6k▼
Profit (loss) brought forward from the previous period14P€8k€16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
31-12
Financial
Weakest financial yearnet €-22k ▼378%
Net result drops to €-22k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Schaarbeek · 1 establishment unit since 2023
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.
Huart Hamoirlaan 471030 SchaarbeekGround area
901 m²
Building footprint
278 m²
Volume, LiDAR
4,323 m³
2 parcels, Brussels, Flanders · tallest building 24.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Flowers Forever Coffee
since 20232.352.401.339
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0084/00V002 ProtectedSite or landscapeHuart Hamoirlaan |
Brussels | 771 m² | 1 · 172 m² | 24.4 m · 7 fl. |
| 23026B0116/00G018 | Flanders | 130 m² | 1 · 105 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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).
Recognitions · licences · registrations
Food safety, FASFC
1 siteDilbeek2.352.401.339
Similar companies · same sector, comparable size
ESTAMINET BRUGGE
BE 1014.418.575
Brugge · Eq €18,151
BYL
BE 1022.510.850
Zemst · Eq €18,139
LA TAVOLA 167
BE 1003.785.593
Anderlecht · Eq €18,158
Willemans & Co
BE 0766.815.880
Diest · Eq €18,175
Crispy Bacon
BE 0798.547.352
Brugge · Eq €18,180
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,593 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
Founded31-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
62900Other information technology and computer services
56120Mobile food service activities
56210Event catering
61100Wired, wireless and satellite telecommunications
62100Computer programming
62200Computer consultancy and computer facilities management
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
6 entriesWebsite:swevolutionsrl@gmail.com
E-mail:saidelhabachi@outlook.com
E-mail:yannick.ngembe@tiinatii.com
Phone:+32472917602
Phone:+32483279224