Checked.be
Active
BE 0745.681.461Public limited company
Switch Holding
· 6 yrs active
Sector: Groothandel in informatie- en communicatieapparatuur
(46500)
Conclusion
The KBO register records legal situation 050 for Switch Holding (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €745k and a net result of €-27k.
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €745k |
| Net result | €-27k |
| Staff (FTE) | 179 |
| Better than sector | 15% |
Financial profile
15
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
11
Solvency
11
Growth
55
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
0 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
0
/ 100
Critical
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-08-2022 with the NBB · fiscal year 2021 · volledig
Sector comparison
Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.0% | 31.8% | |
| Net result | €-27k | €52k | |
| Equity | €745k | €606k | |
| Staff costs | €7.73M | €470k | |
| Employees (FTE) | 179.0 | 8.7 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€82.04M
+33.9%
20-21
€1.21M
-38.5%
20-21
€-27k
-
20-21
€870k
-35.7%
20-21
€18.44M
+70.0%
20-21
€745k
-3.4%
20-21
€-2.44M
+25.1%
20-21
179
-10.0%
20-21
Show 13 other metrics
€7.73M
-
20-21
€123k
-66.3%
20-21
€17.70M
+75.6%
20-21
€17.70M
+76.6%
20-21
0.86
+27.8%
20-21
0.71
+119.9%
20-21
4.0%
-43.2%
20-21
23.75
-
20-21
-3.6%
-
20-21
-0.1%
-
20-21
0.0%
-
20-21
1.5%
-54.1%
20-21
54.25
+116.7%
20-21
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Deposit | volledig |
| Revenue | €82.04M |
| EBITDA | €1.21M |
| Net profit | €-27k |
| Cash flow | €870k |
| Staff costs | €7.73M |
| Income taxes | €123k |
| Dividends | - |
| Total assets | €18.44M |
| Equity | €745k |
| Debt | €17.70M |
| of which ≤ 1y | €17.70M |
| of which > 1y | - |
| Working capital | €-2.44M |
| Employees (FTE) | 179.0 |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.86 |
| Quick ratio | 0.71 |
| Working capital ratio | -13.3% |
| Solvency | 4.0% |
| Debt / equity | 23.75 |
| Long-term debt ratio | - |
| Interest coverage | 54.25 |
| Gross margin | 27.1% |
| Net margin | 0.0% |
| ROA | -0.1% |
| ROE | -3.6% |
| EBITDA margin | 1.5% |
| Days sales outstanding | 44d |
| Days payable outstanding | 57d |
| Inventory turnover | 22.76 |
| Days inventory (DSI) | 16d |
Balance-sheet composition 2021
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €18.44M |
| Fixed assets | 21/28 | €3.19M |
| Intangible fixed assets | 21 | €549k |
| Tangible fixed assets | 22/27 | €1.30M |
| Financial fixed assets | 28 | €1.34M |
| Current assets | 29/58 | €15.25M |
| Stocks & contracts in progress | 3 | €2.63M |
| Amounts receivable within one year | 40/41 | €10.21M |
| Cash & bank | 54/58 | €2.26M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €18.44M |
| Equity | 10/15 | €745k |
| Contributions / capital | 10/11 | €100k |
| Reserves | 13 | €645k |
| Amounts payable | 17/49 | €17.70M |
| Amounts payable within one year | 42/48 | €17.70M |
| Trade debts payable within one year | 44 | €9.30M |
| Income statement | ||
| Turnover | 70 | €82.04M |
| Operating result | 9901 | €314k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €220k |
| Result before taxes | 9903 | €96k |
| Income taxes | 67/77 | €123k |
| Net result for the period | 9904 | €-27k |
| Result to be appropriated | 9905 | €-27k |
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan.
See plans →
Ratios computed by Checked.
Legal Structure
| NACE primary | Groothandel in informatie- en communicatieapparatuur(46500) |
| Legal form | Public limited company(014) |
| Incorporation | 27-03-2020 |
| Status | Active |
| Postal code | - |
Establishment units
Switch Holding
since 20202.300.798.923
Switch Holding
since 20202.304.805.617
Switch Holding
since 20202.308.077.287
Switch Holding
since 20202.308.077.386
Switch Holding
since 20202.308.077.881
Switch Holding
since 20222.338.593.784
Show 1 more locations
Switch Holding
since 20222.338.593.883
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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
3
(42.9%)
Wallonia
3
(42.9%)
Brussels
1
(14.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 62806C0923/00B002 | Wallonia | 6.3 ha | 1 · 3.8 ha | 22.7 m · 3 fl. |
| 11050B0010/00E002 | Flanders | 5.6 ha | 1 · 4.9 ha | 27.4 m · 4 fl. |
| 52302A1138/00X000 | Wallonia | 1,734 m² | - | - |
| 25783E0243/00A002 | Wallonia | 1,567 m² | 1 · 579 m² | 15.0 m · 2 fl. |
| 21805E0456/00C000 | Brussels | 1,266 m² | 1 · 900 m² | 31.7 m · 9 fl. |
| 44803C0962/00T000 | Flanders | 249 m² | 1 · 242 m² | 18.8 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2022
03-08-2022
NBB filing
Annual accounts filed
2021
20-07-2021
NBB filing
Annual accounts filed
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Groothandel in informatie- en communicatieapparatuur46500Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan46520Overige niet-gespecialiseerde detailhandel47120Detailhandel in ICT-apparatuur47400Detailhandel in telecommunicatieapparatuur in gespecialiseerde winkels47420Detailhandel via postorderbedrijven of via internet47910Overige diensten op het gebied van informatietechnologie en computer62090Overige diensten op het gebied van informatietechnologie en computer62900Overige ondersteunende activiteiten in verband met financiële diensten, exclusief verzekeringen en pensioenfondsen, n.e.g.66199Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen66199Reparatie en onderhoud van computers en communicatieapparatuur95100Reparatie van communicatieapparatuur95120
Primary activity highlighted.
Names & trade names
| Legal nameFR | Switch Holding |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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