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 52 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 14.8 to 12.5.
Financials
Financial year 2025
SWA from Nassogne, company number BE0878537215, closed financial year 2025 with a result of € -13,260 after tax. For that financial year SWA recorded a gross margin of € 1.3 million and equity of € 619,805. Compared with financial year 2024, the result moved from € 221,788 to € -13,260. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 619,805
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,260
▼ still € 221,788 profit in 2024
Profit after tax over the fiscal year.
€ 235,044
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 491,805.
People and assets in 2025
12.5
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 758,699
▼ 4% vs 2024
€ 60,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 515,338
▲ 153% vs 2024
Of which on lease € 395,055.
Debts at end 2025
€ 2.2 million
▲ 23% vs 2024
€ 279,178 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 349,277
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 121,750
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,392,592 | € 1,587,594 | € 1,549,603 | € 1,324,377 | ▼ 15% |
| Profit after taxes | € 333,900 | € 348,198 | € 221,788 | € -13,260 | ▼ € 235,048 |
| Equity | € 638,080 | € 667,278 | € 633,065 | € 619,805 | ▼ 2% |
| Total debts | € 3,995,507 | € 3,520,433 | € 3,524,110 | € 3,500,082 | ▼ 1% |
| Cash | € 805,052 | € 730,839 | € 355,516 | € 235,044 | ▼ 34% |
| Land & buildings | € 276,347 | € 205,751 | € 170,894 | € 204,538 | ▲ 20% |
| Retained profit | € 510,080 | € 539,278 | € 505,065 | € 491,805 | ▼ 3% |
| Dividend | € 319,000 | € 319,000 | € 256,000 | € 0 | ▼ 100% |
| Bank debt | € 2,078,908 | € 1,872,163 | € 1,763,441 | € 2,162,257 | ▲ 23% |
| Balance sheet total | € 4,633,586 | € 4,187,711 | € 4,157,175 | € 4,119,887 | ▼ 1% |
| Employees (FTE) | 15.9 | 14.8 | 13.4 | 12.5 | ▼ 0.9 |
Key figures of SWA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to SWA?
What happened at SWA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,260 (▼ € 235,048 vs 2024). Source: NBB ↗
- New establishment in Nassogne. KBO
- Start of the company according to the CBE. KBO
In short
From € 333,900 profit in 2022 to € 13,260 loss in 2025.
Paid € 256,195 in corporate taxes since 2022.
Best year ever: 2023, with € 348,198 profit.
On average € 106,000 of value added per employee in 2025.
Management
The stake of SMH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SWABehind SWA are SMH SRL and HENRI STREEL. The shares are held by SMH (98.2%).
Establishments
Establishment units
Physical locations of this company
Rue du Poteau,Harsin 21
6950 Nassogne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CBLUE-AS, BE
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0878.537.215
- VAT number
- BE 0878.537.215
- Registered office
- Rue du Poteau,Harsin 21, 6950 Nassogne
- Names & denominations
- SWA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2006
- Peppol
- Active · Active since 21 Aug 2025
- Contact
- swasa.be [email protected]
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