SWD
ActiveSWD has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-84k) and a net result of €-507k. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 122 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-51
Solvency18▼-31
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 1.4 in 2023; short-term debt: 90.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
-7.1%
Return on assets
-42.9%
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-84k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
30 d late
2022
91 d late
2021
144 d late
2020
90 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-84k
2023 · €423k
2018: €115k
2019: €116k
2020: €580k
2021: €521k
2022: €465k
2023: €423k
2018 → 2024
Total assets
€1.18M▼ 31.7%
2023 · €1.73M
2018: €1.47M
2019: €1.34M
2020: €1.82M
2021: €1.79M
2022: €1.76M
2023: €1.73M
2018 → 2024
Net result
€-507k▼ 3,052%
2023 · €-16k
2018: €305
2019: €971
2020: €-56k
2021: €-33k
2022: €-29k
2023: €-16k
2018 → 2024
Working capital
€-445k
2023 · €336k
2018: €355k
2019: €356k
2020: €354k
2021: €322k
2022: €289k
2023: €336k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€580k-€521k▼ 10.2%€465k▼ 10.6%€423k▼ 9.0%€-84k
Operating result€-41k-€-30k▲ 27.5%€-22k▲ 24.7%€-12k▲ 47.0%€-495k▼ 4,090%
Net result€-56k-€-33k▲ 41.1%€-29k▲ 11.7%€-16k▲ 45.0%€-507k▼ 3,052%
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 €495k in 2024 against €12k 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 €1.18M
Fixed assets
€556k=
Current assets
€627k▼ 46.7%
Key figures and ratios
Solvency
-7.1%▼
2023 · 24.5%
Current ratio
0.59▼
2023 · 1.40
Quick ratio
0.43▼
2023 · 0.60
Debt / equity
-15.10▼
2023 · 3.09
ROA
-42.9%▼
2023 · -0.9%
Debt
€1.27M▼
2023 · €1.31M
Debt ≤ 1 year
€1.07M▲
2023 · €839k
Debt > 1 year
€195k▼
2023 · €468k
Income taxes
€-353▼
2023 · €53
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.73M€1.18M▼
Fixed assets21/28€556k€556k=
Intangible fixed assets21€3k€3k=
Tangible fixed assets22/27€552k€552k=
Land and buildings22€552k€552k=
Current assets29/58€1.17M€627k▼
Amounts receivable after more than one year29€408k€348k▼
Other amounts receivable291€408k€348k▼
Stocks and contracts in progress3€675k€169k▼
Stocks30/36€675k€169k▼
Amounts receivable within one year40/41€88k€110k▲
Trade receivables40€88k€87k▼
Other amounts receivable41€81€23k▲
Cash at bank and in hand54/58€3k-
Equity and liabilities
Total equity and liabilities10/49€1.73M€1.18M▼
Equity10/15€423k€-84k▼
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Revaluation surpluses12€442k€442k=
Reserves13€18k€15k▼
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€3k-
Profit (loss) carried forward14€-185k€-689k▼
Amounts payable17/49€1.31M€1.27M▼
Amounts payable after more than one year17€468k€195k▼
Financial debts170/4€468k€195k▼
Amounts payable within one year42/48€839k€1.07M▲
Financial debts43€20k€28k▲
Credit institutions430/8€20k€28k▲
Trade debts44€76k€27k▼
Suppliers440/4€76k€27k▼
Taxes, remuneration and social security45€801€14k▲
Taxes450/3€801€14k▲
Other amounts payable47/48€742k€1.00M▲
Accrued charges and deferred income492/3€161-
Income statement
Code20232024
Non-recurring operating income76A€26k€149▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k-
Other operating charges640/8€4k€38k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€21k€-454k▼
Operating profit (loss)9901€-12k€-495k▼
Financial income75/76B€12€858▲
Recurring financial income75€12€858▲
Financial charges65/66B€4k€13k▲
Recurring financial charges65€4k€13k▲
Profit (loss) for the period before taxes9903€-16k€-507k▼
Income taxes67/77€53€-353▼
Profit (loss) for the period9904€-16k€-507k▼
Profit (loss) for the period to be appropriated9905€-16k€-507k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-185k€-692k▼
Profit (loss) brought forward from the previous period14P€-169k€-185k▼
Transfer from equity791/2-€3k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-507k
Net result drops to €-507k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Equity above €500kEq €580k ▲400%
Equity rises from €116k to €580k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €971 ▲218%
Net result €971, the highest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 98 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Harelbeke · 1 establishment unit since 1978
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.
Brugsesteenweg 2A8531 HarelbekeGround area
1.5 ha
Building footprint
1,704 m²
Volume, LiDAR
9,348 m³
Parcel 34017C0004/00F000, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SWD
since 19782.006.068.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017C0004/00F000 | Flanders | 1.5 ha | 1 · 1,704 m² | 5.9 m · 2 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.
Similar companies · same sector, comparable size
ABECO BEDRIJFSWAGENINRICHTING
BE 0434.779.338
Harelbeke · Eq €425k
CAT CAMS
BE 0415.441.892
Wommelgem · Eq €429k
GROUP Cé
BE 0881.216.393
Hasselt · Eq €408k
EUROPIPE
BE 0457.196.038
Aartselaar · Eq €398k
AMECAM
BE 0456.514.167
Stavelot · Eq €503k
Of 195 companies in sector 29320 we hold annual accounts for 124. 75 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
29320Manufacture of motor vehicles, trailers and semi-trailers
34300
46720Wholesale of motor vehicle parts and accessories
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
47300Retail sale of automotive fuel
50200
50302
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.