SWARCO Belgium
ActiveSummary
SWARCO Belgium has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.76M and a net result of €1.29M. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 45% of 1416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 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
Profitability78▲+1
Solvency58▼-2
Growth45▼-1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.68 in 2024; short-term debt: 60.4% and cash: 4.6% of total assets), but 66.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.1%
Return on assets
11.4%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
27 d early
2022
21 d early
2021
52 d early
2020
31 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€15.60M▼ 8.7%
2024 · €17.09M
2018: €17.05M
2019: €11.61M
2020: €8.29M
2021: €9.68M
2022: €11.92M
2023: €13.50M
2024: €17.09M
2018 → 2025
EBIT margin
12.1%▲ 1.8pp
2024 · 10.2%
2018: 13.1%
2019: 12.0%
2020: 12.2%
2021: 10.5%
2022: 17.1%
2023: 14.7%
2024: 10.2%
2018 → 2025
Net result
€1.29M▼ 4.3%
2024 · €1.35M
2018: €1.77M
2019: €860k
2020: €613k
2021: €767k
2022: €1.36M
2023: €1.45M
2024: €1.35M
2018 → 2025
Working capital
€4.44M▲ 5.1%
2024 · €4.22M
2018: €3.07M
2019: €4.71M
2020: €5.89M
2021: €6.69M
2022: €4.45M
2023: €4.45M
2024: €4.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.68M-€11.92M▲ 23.2%€13.50M▲ 13.2%€17.09M▲ 26.6%€15.60M▼ 8.7%
Equity€5.72M-€4.08M▼ 28.7%€4.32M▲ 6.0%€3.67M▼ 15.1%€3.76M▲ 2.4%
Operating result€1.02M-€2.04M▲ 99.7%€1.99M▼ 2.3%€1.75M▼ 12.2%€1.88M▲ 7.7%
Net result€767k-€1.36M▲ 77.4%€1.45M▲ 6.3%€1.35M▼ 7.0%€1.29M▼ 4.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.34M
Fixed assets
€54k ▼ 8.5%
Current assets
€11.29M ▲ 7.8%
Equity and liabilities €11.34M
Equity
€3.76M ▲ 2.4%
Provisions
€639k ▲ 33.4%
Debt
€6.95M ▲ 8.9%
Debt's share of the balance-sheet total rises from 60.6% to 61.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.90M▲
2024 · €1.76M
Cash flow
€1.30M▼
2024 · €1.36M
Current ratio
1.65▼
2024 · 1.68
Quick ratio
1.46▲
2024 · 1.32
Debt to equity
1.85▲
2024 · 1.74
ROE
34.3%▼
2024 · 36.7%
ROA
11.4%▼
2024 · 12.8%
Interest coverage
18.73▼
2024 · 16771.47
Debt ≤ 1 year
€6.85M▲
2024 · €6.25M
Debt > 1 year
€34k
Income taxes
€691k▲
2024 · €566k
Staff costs
€3.85M▲
2024 · €3.35M
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 · 2025 against 2024 · 77 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.53M€11.34M▲
Fixed assets21/28€59k€54k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€58k€53k▼
Plant, machinery and equipment23€39k€35k▼
Furniture and vehicles24€19k€18k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€450€1k▲
Other financial fixed assets284/8€450€1k▲
Amounts receivable and cash guarantees285/8€450€1k▲
Current assets29/58€10.47M€11.29M▲
Stocks and contracts in progress3€2.21M€1.30M▼
Stocks30/36€89k-
Goods purchased for resale34€89k-
Contracts in progress37€2.12M€1.30M▼
Amounts receivable within one year40/41€7.71M€9.46M▲
Trade receivables40€2.20M€1.95M▼
Other amounts receivable41€5.51M€7.51M▲
Cash at bank and in hand54/58€547k€519k▼
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€10.53M€11.34M▲
Equity10/15€3.67M€3.76M▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€27k€27k=
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Profit (loss) carried forward14€3.44M€3.53M▲
Provisions and deferred taxes16€479k€639k▲
Provisions for liabilities and charges160/5€479k€639k▲
Other liabilities and charges164/5€479k€639k▲
Amounts payable17/49€6.38M€6.95M▲
Amounts payable after more than one year17-€34k
Other amounts payable178/9-€34k
Amounts payable within one year42/48€6.25M€6.85M▲
Trade debts44€1.62M€1.02M▼
Suppliers440/4€1.62M€1.02M▼
Advances received on contracts in progress46€1.90M€3.64M▲
Taxes, remuneration and social security45€724k€986k▲
Taxes450/3€306k€386k▲
Remuneration and social security454/9€418k€600k▲
Other amounts payable47/48€2.00M€1.20M▼
Accrued charges and deferred income492/3€134k€63k▼
Income statement
Code20242025
Operating income70/76A€16.53M€13.27M▼
Turnover70€17.09M€15.60M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-706k€-2.53M▼
Other operating income74€156k€203k▲
Operating charges60/66A€14.79M€11.39M▼
Goods for resale, raw materials and consumables60€8.86M€5.70M▼
Purchases600/8€8.86M€5.61M▼
Change in stocks: decrease (increase)609-€89k
Services and other goods61€1.55M€1.55M▲
Remuneration, social security and pensions62€3.35M€3.85M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€458k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€479k€139k▼
Other operating charges640/8€85k€134k▲
Operating profit (loss)9901€1.75M€1.88M▲
Financial income75/76B€263k€199k▼
Recurring financial income75€263k€199k▼
Income from current assets751€224k€166k▼
Other financial income752/9€39k€33k▼
Financial charges65/66B€98k€101k▲
Recurring financial charges65€98k€101k▲
Debt charges650€105-
Other financial charges652/9€98k€101k▲
Profit (loss) for the period before taxes9903€1.91M€1.98M▲
Income taxes67/77€566k€691k▲
Taxes670/3€566k€691k▲
Profit (loss) for the period9904€1.35M€1.29M▼
Profit (loss) for the period to be appropriated9905€1.35M€1.29M▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.44M€4.73M▼
Profit (loss) brought forward from the previous period14P€4.09M€3.44M▼
Profit to be distributed694/7€2.00M€1.20M▼
Return on contributions (dividend)694€2.00M€1.20M▼
Social balance
Average headcount (FTE)908729.931.7▲
The notes to these accounts (50 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €5MEq €5.72M ▲15.5%
4 profitable years in a row build equity to €5.72M.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €613k ▼28.8%
Net result drops to €613k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
31 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, Anderlecht · 1 establishment unit since 2002
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.
Paapsemlaan 201070 AnderlechtGround area
3.8 ha
Building footprint
1,578 m²
Volume, LiDAR
29,040 m³
Parcel 21306C0030/00V000, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Paapsemlaan 20, 1070 Anderlecht
since 20022.100.642.589
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 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.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
SWARCO AG
Wattens, Austria
controls
SWARCO BelgiumBE 0477.899.895
Public money · subsidies and aid
European research
1 project · 928,643 EUR EU contributionProgrammes
Horizon 2020
Projects
Open Architectures for Intelligent Solid State Lighting Systems
Recognitions · licences · registrations
Recognised contractor
7 categoriesSWARCO Belgium NV35958
Legal Entity Identifier
529900M49AGJEL8TV488
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 2,584 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 formPublic limited company
Founded04-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
62200Computer consultancy and computer facilities management
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.