Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SWISS-LUX WATCH BOUTIQUE from Elsene, company number BE0673820792, closed financial year 2025 with a result of € -131,720 after tax. For that financial year SWISS-LUX WATCH BOUTIQUE recorded a gross margin of € -20,240 and equity of € -2.1 million. Compared with financial year 2024, the result moved from € -208,570 to € -131,720. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 6, 2026.
€ -2.1 million
▼ € 131,720 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -131,720
▲ 37 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 104,363
▲ 2% 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.
€ 222
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 286,891
Loans from banks and other lenders, long and short.
€ 38,773
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,177
▲ 175% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -54,990 | € -74,894 | € -56,484 | € -20,240 | ▲ € 36,243 |
| Profit after taxes | € -234,283 | € -260,391 | € -208,570 | € -131,720 | ▲ € 76,850 |
| Equity | € -1,522,540 | € -1,782,930 | € -1,991,501 | € -2,123,221 | ▼ € 131,720 |
| Total debts | € 1,729,560 | € 1,910,912 | € 2,093,267 | € 2,299,610 | ▲ 10% |
| Cash | € 4,896 | € 684 | € 176 | - | |
| Land & buildings | € 129,377 | € 46,203 | - | - | |
| Retained profit | € -1,528,740 | € -1,789,130 | € -1,997,701 | € -2,129,421 | ▼ € 131,720 |
| Bank debt | € 0 | € 0 | € 0 | € 286,891 | |
| Balance sheet total | € 207,021 | € 127,982 | € 101,766 | € 176,389 | ▲ 73% |
Key figures of SWISS-LUX WATCH BOUTIQUE, 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 SWISS-LUX WATCH BOUTIQUE?
What happened at SWISS-LUX WATCH BOUTIQUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 131,720. filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 234,283 loss in 2022 to € 131,720 loss in 2025.
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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 SWISS-LUX WATCH BOUTIQUE is NIKOLYAN YAGAN. NIKOLYAN YAGAN is also behind AMITECH.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Louizalaan 344
1050 Elsene
Louizalaan 143
1050 Elsene
Active since 1 December 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0673.820.792
- VAT number
- BE 0673.820.792
- Registered office
- Louizalaan 344, 1050 Elsene
- Names & denominations
- SWISS-LUX WATCH BOUTIQUE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 April 2017
- Peppol
- Active · Active since 10 Feb 2026
- Activities · NACE
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