SWING
ActiveSummary
SWING has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €674k and a net result of €124k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72=
Solvency37▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 2.82 in 2024; short-term debt: 8.7% and cash: 0.2% of total assets), but 88% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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
12%
Return on assets
2.2%
Age of the figures
13 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 913 sector peers (2025).
NBB · sector comparisonPosition among 913 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 24-11-2025, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
60 d early
2023
4 d late
2022
189 d early
2021
4 d late
2020
19 d early
2019
19 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 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close24-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€674k▲ 22.6%
2024 · €549k
2019: €396k
2020: €472k
2021: €228k
2022: €479k
2023: €396k
2024: €549k
2019 → 2025
Total assets
€5.63M▲ 0.4%
2024 · €5.61M
2019: €1.60M
2020: €1.54M
2021: €1.31M
2022: €1.27M
2023: €5.00M
2024: €5.61M
2019 → 2025
Net result
€124k▼ 19.0%
2024 · €153k
2019: €-1k
2020: €76k
2021: €-243k
2022: €250k
2023: €-82k
2024: €153k
2019 → 2025
Working capital
€418k▼ 45.2%
2024 · €764k
2019: €76k
2020: €159k
2021: €-6k
2022: €230k
2023: €485k
2024: €764k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€228k-€479k▲ 110%€396k▼ 17.2%€549k▲ 38.7%€674k▲ 22.6%
Operating result€-222k-€284k€-33k€252k€215k▼ 14.7%
Net result€-243k-€250k€-82k€153k€124k▼ 19.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.63M
Fixed assets
€4.72M ▲ 6.8%
Current assets
€907k ▼ 23.4%
Equity and liabilities €5.63M
Equity
€674k ▲ 22.6%
Provisions
€29k ▼ 51.2%
Debt
€4.93M ▼ 1.4%
Debt's share of the balance-sheet total falls from 89.2% to 87.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€556k▼
2024 · €792k
Cash flow
€465k▼
2024 · €693k
Current ratio
1.86▼
2024 · 2.82
Quick ratio
0.32▼
2024 · 1.36
Debt to equity
7.31▼
2024 · 9.10
ROE
18.4%▼
2024 · 27.9%
ROA
2.2%▼
2024 · 2.7%
Interest coverage
8.29▲
2024 · 7.51
Debt ≤ 1 year
€489k▲
2024 · €420k
Debt > 1 year
€4.42M▼
2024 · €4.56M
Income taxes
€25k▲
2024 · €1k
Staff costs
€679k▼
2024 · €1.00M
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.61M€5.63M▲
Fixed assets21/28€4.42M€4.72M▲
Tangible fixed assets22/27€4.42M€4.72M▲
Land and buildings22€4.03M€4.20M▲
Plant, machinery and equipment23€307k€389k▲
Furniture and vehicles24€86k€135k▲
Financial fixed assets28€3k€1k▼
Current assets29/58€1.18M€907k▼
Stocks and contracts in progress3€611k€751k▲
Stocks30/36€611k€751k▲
Amounts receivable within one year40/41€308k€131k▼
Trade receivables40€308k€131k▼
Other amounts receivable41-€321
Cash at bank and in hand54/58€251k€11k▼
Deferred charges and accrued income490/1€14k€14k▲
Equity and liabilities
Total equity and liabilities10/49€5.61M€5.63M▲
Equity10/15€549k€674k▲
Contributions10/11€62k€62k=
Reserves13€18k€18k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€469k€593k▲
Provisions and deferred taxes16€59k€29k▼
Provisions for liabilities and charges160/5€59k€29k▼
Other liabilities and charges164/5€59k€29k▼
Amounts payable17/49€5.00M€4.93M▼
Amounts payable after more than one year17€4.56M€4.42M▼
Financial debts170/4€4.56M€4.42M▼
Amounts payable within one year42/48€420k€489k▲
Current portion of amounts payable after more than one year42€123k€126k▲
Trade debts44€156k€200k▲
Suppliers440/4€156k€200k▲
Taxes, remuneration and social security45€79k€101k▲
Taxes450/3€52k€18k▼
Remuneration and social security454/9€28k€83k▲
Other amounts payable47/48€62k€62k=
Accrued charges and deferred income492/3€21k€18k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.00M€679k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€539k€341k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€27k€-30k▼
Other operating charges640/8€18k€15k▼
Gross operating margin9900€1.84M€1.22M▼
Operating profit (loss)9901€252k€215k▼
Financial income75/76B€8k€609▼
Recurring financial income75€8k€609▼
Financial charges65/66B€106k€67k▼
Recurring financial charges65€105k€67k▼
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€154k€149k▼
Income taxes67/77€1k€25k▲
Profit (loss) for the period9904€153k€124k▼
Profit (loss) for the period to be appropriated9905€153k€124k▼
Appropriation of the result
Profit (loss) to be appropriated9906€469k€593k▲
Profit (loss) brought forward from the previous period14P€316k€469k▲
Social balance
Average headcount (FTE)90879.710.6▲
The notes to these accounts (13 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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
Financial
Back to profitnet €153k
Net result €153k after one loss-making year.
31-08
Financial
Liquidity doublescurrent ratio 2.82
Current ratio from 1.33 to 2.82; short-term debt falls from €1.48M to €420k.
31-08
Financial
Equity above €500kEq €549k ▲38.7%
Equity rises from €396k to €549k.
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 4 days late
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
28-02
Financial
Back to profitnet €250k
Net result €250k after one loss-making year.
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
28-02
Financial
Weakest financial yearnet €-243k ▼422%
Net result drops to €-243k, the lowest in the series; recovery starts the following year.
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
29-02
Financial
Back to profitnet €76k
Net result €76k after one loss-making year.
Show earlier events
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Merelbeke-Melle · 1 establishment unit since 1990
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.
Hundelgemsesteenweg 328A9820 Merelbeke-MelleGround area
1,819 m²
Building footprint
236 m²
Volume, LiDAR
1,173 m³
Parcel 44043A0138/00H000, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hundelgemsesteenweg 328A, 9820 Merelbeke-Melle
since 19902.048.861.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0138/00H000 | Flanders | 1,819 m² | 1 · 236 m² | 10.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 42,246 EUR awarded · 42,114 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,290 EUR | 9,158 EUR |
| 2024 | 1 | 13,972 EUR | 13,972 EUR |
| 2023 | 2 | 16,344 EUR | 16,344 EUR |
| 2022 | 1 | 2,640 EUR | 2,640 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 endedAssistent podiumtechnicus (so)
Podiumtechnicus (so)
Similar companies · same sector, comparable size
Vidi - Square AV Solutions
BE 0460.452.268
Duffel · Eq €667k
MatrixDecor Support
BE 0466.101.925
Tielt · Eq €681k
EWAL
BE 0425.185.048
Tessenderlo-Ham · Eq €686k
L & L CMP
BE 0447.479.608
Geel · Eq €687k
ADC PRODUCTION
BE 0432.949.107
Zaventem · Eq €659k
Of 517 companies in sector 77222 we hold annual accounts for 165. 107 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
Founded06-02-1990
Fiscal year end31-08
Activities, NACEBEL 2025
77222Rental and leasing activities
47540Retail sale of electrical household appliances
69209Other tax advisory services
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@swing.be
Phone:09/232.03.55
Fax:09/232.13.98