Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
switchSG from Sint-Niklaas, company number BE0534884427, closed financial year 2025 with a result of € 73,855 after tax. For that financial year switchSG recorded a gross margin of € 234,214 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 140,964 to € 73,855. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 2.1 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 73,855
▼ 48% vs 2024
Profit after tax over the fiscal year.
€ 11,279
▲ 188% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2 million.
People and assets in 2025
0.5
Average over the fiscal year, from the social balance sheet.
€ 24,627
▲ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 112,502
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 12% vs 2024
€ 135,023 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 4,964
▲ € 4,306 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,546
▼ 77% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 273,217 | € 326,856 | € 303,669 | € 234,214 | ▼ 23% |
| Profit after taxes | € 222,539 | € 256,805 | € 140,964 | € 73,855 | ▼ 48% |
| Equity | € 1,775,536 | € 1,852,342 | € 1,993,306 | € 2,067,161 | ▲ 4% |
| Total debts | € 1,642,283 | € 1,766,589 | € 1,577,257 | € 1,337,477 | ▼ 15% |
| Cash | € 1,108 | € 6,104 | € 3,918 | € 11,279 | ▲ 188% |
| Land & buildings | € 1,421,806 | € 1,359,250 | € 1,304,832 | € 1,241,997 | ▼ 5% |
| Retained profit | € 1,756,936 | € 1,833,742 | € 1,974,706 | € 2,048,561 | ▲ 4% |
| Dividend | € 68,715 | € 180,000 | € 0 | € 0 | |
| Bank debt | € 1,210,292 | € 1,261,092 | € 1,171,229 | € 1,034,126 | ▼ 12% |
| Balance sheet total | € 3,417,819 | € 3,618,931 | € 3,570,563 | € 3,404,638 | ▼ 5% |
| Employees (FTE) | 0.5 | 0.5 | 0.5 | 0.5 |
Key figures of switchSG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to switchSG?
What happened at switchSG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 73,855 (▼ 48% vs 2024). Source: NBB ↗
- Sébastien Govaerts became a director. NBB
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 222,539 profit in 2022 to € 73,855 profit in 2025.
Paid € 183,083 in corporate taxes since 2022.
Best year ever: 2023, with € 256,805 profit.
Paid out € 248,715 in dividends to the owners in total.
A new publication or filing at switchSG? We notify you, reason included.
Follow switchSGDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind switchSG is Sébastien Govaerts. It owns 100% of Special Lighting and 96.8% of Govaerts Elektro 2000 itself.
Directors
According to the 2025 annual accounts
Sébastien Govaerts
Director
Also active at: GOVAERTS - ELECTRICITEITSBENODIGDHEDEN, Govaerts elektro 2000
since 2023
Establishments
Establishment units
Physical locations of this company
Beeldstraat 69
9100 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0534.884.427
- VAT number
- BE 0534.884.427
- Registered office
- Beeldstraat 69, 9100 Sint-Niklaas
- Names & denominations
- switchSG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 June 2013
- Peppol
- Active · Active since 19 Sept 2025
- Activities · NACE
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering