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SWAP

Active
KBO/BCE: BE 0465.919.209
Watch Print / PDF
Age27 yrs
Board2
Connections25
Real estate2 parcels · 6,596 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SWAP is 0.1% (very low). The 2024 annual accounts show equity of €780k and a net result of €6k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 12464 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 12464 peers (2024). A comfortable equity buffer.
View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 10 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 07-07-2025 24 d early 2025-00237563
31-12-2023 31-07-2024 21-06-2024 40 d early 2024-00170781
31-12-2022 31-07-2023 26-06-2023 35 d early 2023-00196899
31-12-2021 31-07-2022 28-07-2022 3 d early 2022-20266629
31-12-2020 31-07-2021 05-08-2021 5 d late 2021-46400447
31-12-2019 31-07-2020 03-06-2020 58 d early 2020-14500265
31-12-2018 31-07-2019 14-06-2019 47 d early 2019-19400554
31-12-2017 31-07-2018 28-05-2018 64 d early 2018-14200469
31-12-2016 31-07-2017 01-06-2017 60 d early 2017-14600428
31-12-2015 31-07-2016 30-08-2016 30 d late 2016-54200103

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1999, 27 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€6k
Working capital€665k+1.9%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 07-07-2025 with the NBB · fiscal year 2024 · micro
€-200k€0€200k€400kOperating result 2020: €113k€113kNet result 2020: €76k€76kOperating result 2021: €469k€469kNet result 2021: €318k€318kOperating result 2022: €27k€27kNet result 2022: €18k€18kOperating result 2023: €-42k€-42kNet result 2023: €-39k€-39kOperating result 2024: €617€617Net result 2024: €6k€6k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~14.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€500k€1.00M€1.50M2025: €996k (€911k - €1.08M)2026: €1.14M (€1.00M - €1.27M)2027: €1.30M (€1.11M - €1.49M)2018: €392k2019: €401k2020: €477k2021: €795k2022: €813k2023: €774k2024: €780k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 98.9% 60.6%
better than 95% of 12464 sector peers
Net result €6k €31k
better than 24% of 12466 sector peers
Equity €780k €63k
better than 95% of 12472 sector peers
Gross operating margin €12k €52k
better than 19% of 12452 sector peers
Total assets €788k €124k
better than 93% of 12465 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P95
2020: P68 · n=13712021: P86 · n=34652022: P95 · n=68462023: P95 · n=100762024: P95 · n=124642020 2024
Improving position over 2020-2024 · n=1371-12464
Net result P24
2020: P87 · n=13712021: P95 · n=34642022: P41 · n=68452023: P5 · n=100702024: P24 · n=124662020 2024
Weakening position over 2020-2024 · n=1371-12466
Equity P95
2020: P89 · n=13732021: P95 · n=34702022: P95 · n=68542023: P95 · n=100832024: P95 · n=124722020 2024
Stable position over 2020-2024 · n=1373-12472
Gross operating margin P19
2020: P90 · n=13692021: P95 · n=34552022: P72 · n=68332023: P5 · n=100562024: P19 · n=124522020 2024
Weakening position over 2020-2024 · n=1369-12452
Describes the position versus peers, not a forecast.
EBITDA
€7k
- 18-24
Net profit
€6k
- 18-24
Cash flow
€13k
- 18-24
Total assets
€788k
-0.3% 18-24
Equity
€780k
+0.8% 18-24
Working capital
€665k
+1.9% 18-24
Income taxes
€1k
-49.4% 18-24
Debt
€8k
-50.5% 18-24
Debt ≤ 1y
€8k
-50.5% 18-24
Debt > 1y
€30k
-49.8% 18-24
Current ratio
80.95
+103.3% 18-24
Quick ratio
80.95
+103.3% 18-24
Solvency
98.9%
+1.1% 18-24
Debt / equity
0.01
-50.9% 18-24
ROE
0.8%
- 18-24
ROA
0.8%
- 18-24
Interest coverage
18.59
- 18-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€7k
Net profit€6k
Cash flow€13k
Staff costs-
Income taxes€1k
Dividends-
Total assets€788k
Equity€780k
Debt€8k
of which ≤ 1y€8k
of which > 1y-
Working capital€665k
Employees (FTE)-
Ratios (computed)
2024
Current ratio80.95
Quick ratio80.95
Working capital ratio84.4%
Solvency98.9%
Debt / equity0.01
Long-term debt ratio-
Interest coverage18.59
Gross margin-
Net margin-
ROA0.8%
ROE0.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€788k
Fixed assets 21/28€114k
Tangible fixed assets 22/27€78k
Financial fixed assets 28€36k
Current assets 29/58€674k
Amounts receivable within one year 40/41€158k
Investments 50/53€280k
Cash & bank 54/58€233k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€788k
Equity 10/15€780k
Contributions / capital 10/11€75k
Reserves 13€738k
Accumulated profits (losses) 14€-33k
Amounts payable 17/49€8k
Amounts payable within one year 42/48€8k
Trade debts payable within one year 44€3k
Income statement
Gross operating margin 9900€12k
Operating result 9901€617
Financial income 75€7k
Financial charges 65€371
Result before taxes 9903€8k
Income taxes 67/77€1k
Net result for the period 9904€6k
Result to be appropriated 9905€6k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
94 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

3 directors
Current directors & mandates
  • SMITS Jan
    Director
    State Gazette act 25155357 (09-12-2025)
    Current
    28-07-2017 → present
    4 events
    • 09-12-2025 Mandate renewed· Director
    • 09-12-2025 Mandate renewed· Managing director
    • 28-07-2017 Mandate renewed· Director
    • 28-07-2017 Mandate renewed· Managing director
  • WAGEMANS Edwine
    Director
    State Gazette act 25155357 (09-12-2025)
    Current
    28-07-2017 → present
    3 events
    • 09-12-2025 Mandate renewed· Director
    • 09-12-2025 Mandate renewed· Managing director
    • 28-07-2017 Mandate renewed· Director
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Wagenamsn Edwine
    Managing director
    State Gazette act 18151314 (15-10-2018)
    Not recently confirmed
    last confirmed in an act from 2018
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Public limited company(014)
Incorporation21-04-1999
StatusActive
Postal code2950

Structure & network

Connections & network

25 connected companies
+25 companies via a shared address +25via a sharedaddressSWAP SWAP0465.919.209
Shared address / shareholderBundled connections
Network connections
Accelleran
Shared address
→
AGU BELGIE
Shared address
→
Aspire Systems
Shared address
→
BERIGIS
Shared address
→
CERIGIS
Shared address
→
→
De Bommel Service
Shared address
→
DERIGIS
Shared address
→
ESINCOR
Shared address
→
EUROTRADE
Shared address
→
FRANCOTYP - POSTALIA
Shared address
→
High Voltage Belgium
Shared address
→
KHAI
Shared address
→
LAZARE KAPLAN BELGIUM
Shared address
→
Lovisa Belgium
Shared address
→
→
NatureWorks Belgium
Shared address
→
OD-SYSTEMS
Shared address
→
PAV SECURITY
Shared address
→
Smiles
Shared address
→
TSAAR
Shared address
→
UNTIS BELGIË
Shared address
→
WOLVISION GROUP
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Establishment units

1 location
SWAP
Deken De Winterstraat 8, 2600 Antwerpenhet invullen van aangifteformulieren voor de loon- en inkomstenbelasting voor particulieren en bedrijven
since 19992.091.199.244
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area6,596 m²
Buildings2
Building footprint703 m²
Volume (LiDAR)3,178 m³
Tallest building9.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11023K0007/02X004 Flanders 6,044 m² 1 · 522 m² 4.5 m · 1 fl.
11003A0355/00T002 Flanders 551 m² 1 · 182 m² 9.6 m · 3 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

5 acts
Capital history · 1
25-06-2012
Capital increase: price: marktwaarde, currency: EUR, condition: onder voorwaarde en naarmate van de uitoefening van de warrants, max_shares: 4.124.930
Address history · 1
10-03-2023
v3.2
All acts · 5 updated 8 months ago
2025
09-12-2025 4 reappointed Director changes
  • SMITS Jan, Bestuurder
  • WAGEMANS Edwine, Bestuurder
  • SMITS Jan, Gedelegeerd bestuurder
  • WAGEMANS Edwine, Gedelegeerd bestuurder
Summary: v3.2
2023
10-03-2023 Registered office moved from Antwerpen to Kapellen Registered-office change
  • Quellinstraat 49, 2018 Antwerpen → Roerdomplei 20, 2950 Kapellen
Summary: v3.2
2018
15-10-2018 Wagenamsn Edwine appointed as managing director Director changes
  • Wagenamsn Edwine, Gedelegeerd bestuurder
Summary: v3.2
2017
28-07-2017 3 reappointed Director changes
  • SMITS Jan, Bestuurder
  • WAGEMANS Edwine, Bestuurder
  • SMITS Jan, Gedelegeerd bestuurder
Summary: v3.2
2012
25-06-2012 Notarial deed · General meeting · Share issue · Capital increase Open-capture extraction·Joris STALPAERT
  • Publication: 25/06/2012 · OPTION
  • Filing: JUNI 2012 · OPTION
  • Notarial deed: 21/05/2012 · OPTION
  • General meeting: 21/05/2012 · OPTION
  • Share issue: type: warrants, count: 4.124.930, details: warrants '2012', elk recht geverid op inschrijving op één (1) rieuw aandeel · OPTION
  • Capital increase: price: marktwaarde, currency: EUR, condition: onder voorwaarde en naarmate van de uitoefening van de warrants, max_shares: 4.124.930 · OPTION
  • Statute amendment: to: laatste werkdag van de maand mei om tien uur, from: laatste werkdag van de maand april om tien uur, description: Verplaatsing datum gewone algemene vergadering · OPTION
  • Statute amendment: description: Wijzigingen Artikel 1, 2, 13, 28, 29, 30, 32, 33, 36 · OPTION
  • Filing representative: scope: formaliteiten te vervullen om wijziging te vorderen van de inschrijving in het rechtspersonenregister · AD-MINISTERIE
  • Waiver preemptive rights: description: opheffing voorkeurrecht bestaande aandeelhouders, max_warrants: 4.124.930 · OPTION
  • Authorization: scope: uitvoering besluiten en goed uitwerking warrantplan 2012 · OPTION
  • Authorization: scope: vaststelling kapitaalverhogingen en aanpassing statuten door elk raadslid afzonderlijk · OPTION
Summary: Notarial deed · General meeting · Share issue · Capital increaseNotary: Joris STALPAERT

Analysis

Snowflake analysis

financial profile on 5 axes
Health94Profitability4Solvency100Growth52Stability100
70 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 94
Profitability 4
Solvency 100
Growth 52
Stability 100

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142
Primary activity highlighted.
Names & trade names
Legal nameNL SWAP
Registered office
Roerdomplei 20
2950 Kapellen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.