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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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2024; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
SW DISTRIBUTION from Grimbergen, company number BE0897358183, closed financial year 2024 with a result of € 0 after tax. Compared with financial year 2023, the result moved from € 0 to € 0. Around break-even. 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 September 30, 2025.
€ -318,112
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
Profit after tax over the fiscal year.
€ 14,355
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -629,862.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 8,690
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Equity | € -318,112 | € -318,112 | € -318,112 | € -318,112 | |
| Total debts | € 372,958 | € 372,958 | € 372,958 | € 372,958 | |
| Cash | € 14,355 | € 14,355 | € 14,355 | € 14,355 | |
| Retained profit | € -629,862 | € -629,862 | € -629,862 | € -629,862 | |
| Balance sheet total | € 54,846 | € 54,846 | € 54,846 | € 54,846 |
Key figures of SW DISTRIBUTION, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SW DISTRIBUTION?
What happened at SW DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
SW DISTRIBUTION is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: profit of € 0. filed late Source: NBB ↗
- Massayuki SANADA became a director. NBB
- Neha BHURADIA became a director. NBB
- Conor KEANE stepped down as director. NBB
- Conor KEANE became a director. NBB
- New establishment in Meise. KBO
- Start of the company according to the CBE. KBO
In short
From € 0 profit in 2021 to € 0 profit in 2024.
Management
The stake of SPRING WIRELESS EUROPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SW DISTRIBUTIONBehind SW DISTRIBUTION are Massayuki SANADA and Neha BHURADIA. The shares are held by SPRING WIRELESS EUROPE (75%).
Directors
According to the 2024 annual accounts
Massayuki SANADA
bestuurder
since 2025
Neha BHURADIA
bestuurder
since 2025
Conor KEANE
bestuurder
since 2013 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Boechoutlaan 105 box 501
1853 Grimbergen
Hendrik Van Dievoetlaan 1
1860 Meise
Active since 29 April 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
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€ 444,067 gross margin · 2025
+20 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0897.358.183
- VAT number
- BE 0897.358.183
- Registered office
- Boechoutlaan 105 bus 501, 1853 Grimbergen
- Names & denominations
- SW DISTRIBUTION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 18 April 2008
- Peppol
- Not registered