NORMAL SITUATION

Switchpoint

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Financial year 2023 · closed on 31/12/2023

Net result

443,7 k €

-56.1% YoY

Gross margin

823,1 k €

-55.4% YoY

Equity

2,7 M €

+20.0% YoY

Workforce

1,0 ETP

-81.8% YoY

Company — Normal situation.

What does Switchpoint do?

Switchpoint is a company registered in Belgium. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.274.656

Legal form

Public limited company

Contributed capital

62 000,00 €

Latest accounts

31/12/2023

Average workforce

1,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	823,1 k €	-55.4%	1,8 M €	+37.9%	1,3 M €	+36.3%	982,2 k €	+6.6%	921,7 k €	+175%	334,9 k €	-51.0%	683,3 k €	+6.0%	644,8 k €	+271%	174,0 k €	-53.7%	375,7 k €	+327%	88,0 k €	-61.2%	226,6 k €	+75.3%	129,3 k €
EBITDA	633,1 k €	-54.4%	1,4 M €	+75.9%	789,7 k €	+57.5%	501,3 k €	+1.5%	494,1 k €	+315%	-229,8 k €	-325%	102,3 k €	-65.3%	294,5 k €	+91192%	322,6 €	-99.9%	324,4 k €	+311%	78,9 k €	-64.8%	224,1 k €	+84.0%	121,8 k €
Operating result	626,1 k €	-54.6%	1,4 M €	+78.9%	770,3 k €	+57.7%	488,4 k €	+7.6%	454,1 k €	+263%	-278,4 k €	-606%	55,1 k €	-79.2%	264,4 k €	+1176%	-24,6 k €	-108%	313,4 k €	+434%	58,7 k €	-71.4%	205,3 k €	+98.8%	103,2 k €
Net result	443,7 k €	-56.1%	1,0 M €	+78.4%	567,1 k €	+61.0%	352,3 k €	-7.2%	379,5 k €	+236%	-278,0 k €	-1232%	24,6 k €	-85.4%	168,1 k €	+760%	-25,4 k €	-112%	204,2 k €	+476%	35,5 k €	-73.7%	135,0 k €	+102%	66,9 k €
Balance sheet
Equity	2,7 M €	+20.0%	2,2 M €	+83.5%	1,2 M €	+66.1%	729,7 k €	+17.4%	621,4 k €	+157%	241,4 k €	-53.5%	519,4 k €	-19.5%	644,9 k €	+35.2%	476,8 k €	-5.1%	502,3 k €	+68.5%	298,0 k €	+13.5%	262,6 k €	+84.1%	142,6 k €
Total assets	4,6 M €	+0.9%	4,5 M €	+87.2%	2,4 M €	+14.7%	2,1 M €	+50.0%	1,4 M €	-11.3%	1,6 M €	+12.6%	1,4 M €	-27.3%	1,9 M €	+30.6%	1,5 M €	+39.1%	1,1 M €	+66.0%	640,0 k €	-14.7%	750,2 k €	+109%	358,8 k €
Cash	75,8 k €	-95.5%	1,7 M €	+61.0%	1,0 M €	-9.3%	1,2 M €	+109%	553,8 k €	+16.1%	476,9 k €	+14.0%	418,3 k €	-18.5%	513,1 k €	-11.5%	579,8 k €	+79.9%	322,2 k €	+89.1%	170,4 k €	-3.6%	176,7 k €	+19.9%	147,4 k €
Debts	1,9 M €	+4.4%	1,8 M €	+70.1%	1,0 M €	-16.0%	1,2 M €	+71.7%	726,4 k €	-45.7%	1,3 M €	+51.5%	883,7 k €	-30.5%	1,3 M €	+28.8%	987,1 k €	+135%	419,8 k €	+31.1%	320,3 k €	-25.0%	427,2 k €	+126%	189,4 k €
Other
Workforce	1,0 ETP	-81.8%	5,5 ETP	-17.9%	6,7 ETP	+15.5%	5,8 ETP	+16.0%	5,0 ETP	-38.3%	8,1 ETP	+5.2%	7,7 ETP	+60.4%	4,8 ETP	+54.8%	3,1 ETP	+82.4%	1,7 ETP	+467%	0,3 ETP		–		–

Governance

Board of directors

Seen on filing of 31/12/2023 · 4 active · 17 ended

Active mandates

Jean-Michel Block

Director · since 05 septembre 2022 · until 31 décembre 2023

Active

Q-IP

Director · since 05 septembre 2022 · until 31 décembre 2023 · 0899.550.581

Represented by Thomas VAN EECKHOUT

Active

Thomas Van Eeckhout

Director · since 05 septembre 2022 · until 31 décembre 2023

Active

Toni Turi

Director · since 05 septembre 2022 · until 31 décembre 2023

Active

Ended mandates

Jean-Michel Block

Director · since 05 septembre 2022

Ended

Thomas Van Eeckhout

Director · since 05 septembre 2022

Ended

Toni Turi

Director · since 05 septembre 2022

Ended

Q-IP

Mandate · since 23 janvier 2020 · until 31 décembre 2025 · 0899.550.581

Represented by Michel Nijs

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2024	11/07/2023	05/07/2022	18/08/2021	05/05/2020	22/07/2019
General meeting	27/06/2024	15/06/2023	15/06/2022	15/06/2021	20/03/2020	28/06/2019
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	27/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	18/08/2021	Dutch	PDF
Abridged model	31/12/2019	20/03/2020	05/05/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	15/06/2014	10/09/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	31/08/2012	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2023 · 4 active · 17 ended

Active mandates

Jean-Michel Block

Director · since 05 septembre 2022 · until 31 décembre 2023

Active

Q-IP

Director · since 05 septembre 2022 · until 31 décembre 2023 · 0899.550.581

Represented by Thomas VAN EECKHOUT

Active

Thomas Van Eeckhout

Director · since 05 septembre 2022 · until 31 décembre 2023

Active

Toni Turi

Director · since 05 septembre 2022 · until 31 décembre 2023

Active

Ended mandates

Jean-Michel Block

Director · since 05 septembre 2022

Ended

Thomas Van Eeckhout

Director · since 05 septembre 2022

Ended

Toni Turi

Director · since 05 septembre 2022

Ended

Q-IP

Mandate · since 23 janvier 2020 · until 31 décembre 2025 · 0899.550.581

Represented by Michel Nijs

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 2023443,7 k €↓
2022
Annual accounts 20221,0 M €↑
2021
Annual accounts 2021567,1 k €↑
2020
Annual accounts 2020352,3 k €↓
2019
Annual accounts 2019379,5 k €↑
2018
Annual accounts 2018-278,0 k €↓
2017
Annual accounts 201724,6 k €↓
2016
Annual accounts 2016168,1 k €↑
2015
Annual accounts 2015-25,4 k €↓
2014
Annual accounts 2014204,2 k €↑
2013
Annual accounts 201335,5 k €↓
2012
Annual accounts 2012135,0 k €↑
2011
Annual accounts 201166,9 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Switchpoint

Overview

What does Switchpoint do?

Trend over 13 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline