SWB DEVELOPMENT

Active

Private limited companyfounded 20224 yrs activeRue César de Paepe 51, 4683 Oupeye, BelgiumKBO/BCE: BE 0784.987.247

Summary

SWB DEVELOPMENT has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-86k) and a net result of €-57k. Equity is shrinking by ~197.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability10=

Solvency14▼-8

Growth32=

Track record94

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

short-term debt: 0.4% and cash: 47.5% of total assets, and equity is negative.

How do we compute the score and the probability?

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

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

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← 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

-10.8%

Return on assets

-7.2%

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

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

222324

2022 to 2024 · latest year €-86k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

on the day

2023

142 d late

2022

86 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

€-86k▼ 195%

2023 · €-29k

2022: €29k 2023: €-29k

2022 → 2024

Total assets

€793k▼ 6.8%

2023 · €851k

2022: €363k 2023: €851k

2022 → 2024

Net result

€-57k▲ 2.5%

2023 · €-58k

2022: €-21k 2023: €-58k

2022 → 2024

Working capital

€535k▼ 8.9%

2023 · €588k

2022: €309k 2023: €588k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€29k-€-29k€-86k▼ 195%

Operating result€-21k-€-55k▼ 163%€-57k▼ 3.8%

Net result€-21k-€-58k▼ 178%€-57k▲ 2.5%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €57k in 2024 against €55k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €793k

32.1%

67.9%

Fixed assets €254k ▼ 1.7%

Current assets €539k ▼ 9.0%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-11k▼

2023 · €-10k

Cash flow

€-11k▲

2023 · €-14k

Solvency

-10.8%▼

2023 · -3.4%

Debt to equity

-10.22▲

2023 · -30.16

ROA

-7.2%▼

2023 · -6.8%

Interest coverage

-55.83▼

2023 · -24.76

Debt

€879k▼

2023 · €880k

Debt ≤ 1 year

€3k▼

2023 · €4k

Debt > 1 year

€876k=

2023 · €876k

Income taxes

€615▼

2023 · €654

A ratio outside any meaningful range has been withheld (balance sheet total €793k, equity €-86k).

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€851k€793k▼

Fixed assets21/28€259k€254k▼

Tangible fixed assets22/27€259k€254k▼

Plant, machinery and equipment23€83k€74k▼

Furniture and vehicles24€149k€112k▼

Assets under construction and advance payments27€26k€68k▲

Current assets29/58€592k€539k▼

Amounts receivable within one year40/41€114k€162k▲

Trade receivables40€32k€7k▼

Other amounts receivable41€82k€155k▲

Cash at bank and in hand54/58€478k€377k▼

Equity and liabilities

Total equity and liabilities10/49€851k€793k▼

Equity10/15€-29k€-86k▼

Contributions10/11€50k€50k=

Profit (loss) carried forward14€-79k€-136k▼

Amounts payable17/49€880k€879k▼

Amounts payable after more than one year17€876k€876k=

Financial debts170/4€876k€876k=

Amounts payable within one year42/48€4k€3k▼

Trade debts44€4k€2k▼

Suppliers440/4€4k€2k▼

Taxes, remuneration and social security45€654€1k▲

Taxes450/3€654€1k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€46k▲

Other operating charges640/8€7k€2k▼

Gross operating margin9900€-3k€-8k▼

Operating profit (loss)9901€-55k€-57k▼

Financial income75/76B€178€612▲

Recurring financial income75€178€612▲

Financial charges65/66B€3k€188▼

Recurring financial charges65€423€188▼

Non-recurring financial charges66B€3k-

Profit (loss) for the period before taxes9903€-58k€-56k▲

Income taxes67/77€654€615▼

Profit (loss) for the period9904€-58k€-57k▲

Profit (loss) for the period to be appropriated9905€-58k€-57k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-79k€-136k▼

Profit (loss) brought forward from the previous period14P€-21k€-79k▼

The notes to these accounts (7 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 2Filings 3

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

20-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 142 days late

2023

31-12

Financial Weakest financial yearnet €-58k

Net result drops to €-58k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity times 14current ratio 139.75

Current ratio from 10.10 to 139.75; short-term debt falls from €34k to €4k.

25-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 86 days late

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

Directors · office · real estate

Directors

1 act for this company is 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, Oupeye

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.

Rue César de Paepe 514683 Oupeye

Ground area

2,909 m²

Parcel 62109B0166/00C002, Wallonia. Linked by address, not a title deed.

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62109B0166/00C002	Wallonia	2,909 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

Kortrijk · Eq €29,115

G2-IMMO

BE 0792.964.904

Soumagne · Eq €28,992

CURA

BE 0768.571.481

Heusden-Zolder · Eq €29,159

V47

BE 0769.751.022

Anderlecht · Eq €28,984

Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 2,657 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

Founded20-04-2022

Fiscal year end31-12

Activities, NACEBEL 2025

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

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