LA SMALA
ActiveLA SMALA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145k and a net result of €30k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+14
Solvency41▲+16
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.07 in 2024), and 67% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33%
Return on assets
6.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
38 d early
2023
29 d early
2022
34 d early
2021
26 d early
2020
19 d early
2019
116 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k▲ 54.3%
2024 · €20k
2018: €23k
2019: €26k
2020: €18k
2021: €18k
2022: €20k
2023: €23k
2024: €20k
2018 → 2025
Working capital
€-274k▲ 15.0%
2024 · €-322k
2018: €23k
2019: €4k
2020: €17k
2021: €11k
2022: €-401k
2023: €-369k
2024: €-322k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€71k▼ 12.1%€95k▲ 32.7%€114k▲ 20.7%€145k▲ 26.4%
Operating result€19k-€32k▲ 69.1%€49k▲ 54.9%€43k▼ 11.9%€50k▲ 14.5%
Net result€18k-€20k▲ 11.9%€23k▲ 15.8%€20k▼ 16.0%€30k▲ 54.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €439k
Fixed assets
€423k▼ 4.1%
Current assets
€15k▼ 39.7%
Equity and liabilities €439k
Equity
€145k▲ 26.4%
Debt
€294k▼ 16.5%
The debt ratio falls from 75.5% to 67.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€76k▲
2024 · €71k
Cash flow
€56k▲
2024 · €47k
Solvency
33.0%▲
2024 · 24.5%
Current ratio
0.05▼
2024 · 0.07
Quick ratio
0.05▼
2024 · 0.07
Debt / equity
2.03▼
2024 · 3.08
ROE
20.9%▲
2024 · 17.1%
ROA
6.9%▲
2024 · 4.2%
Interest coverage
6.09▲
2024 · 3.71
Debt
€294k▼
2024 · €352k
Debt ≤ 1 year
€289k▼
2024 · €347k
Debt > 1 year
€5k=
2024 · €5k
Income taxes
€7k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€467k€439k▼
Fixed assets21/28€441k€423k▼
Tangible fixed assets22/27€441k€423k▼
Land and buildings22€441k€416k▼
Plant, machinery and equipment23-€8k
Financial fixed assets28€124€124=
Current assets29/58€25k€15k▼
Amounts receivable within one year40/41€17k€10k▼
Other amounts receivable41€17k€10k▼
Cash at bank and in hand54/58€6k€3k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€467k€439k▼
Equity10/15€114k€145k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€92k€123k▲
Amounts payable17/49€352k€294k▼
Amounts payable after more than one year17€5k€5k=
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€347k€289k▼
Financial debts43€291k€263k▼
Credit institutions430/8€291k€263k▼
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Other amounts payable47/48€43k€18k▼
Accrued charges and deferred income492/3€45€25▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€26k▼
Other operating charges640/8€13k€12k▼
Gross operating margin9900€84k€88k▲
Operating profit (loss)9901€43k€50k▲
Financial income75/76B€220€304▲
Recurring financial income75€220€304▲
Financial charges65/66B€19k€12k▼
Recurring financial charges65€19k€12k▼
Profit (loss) for the period before taxes9903€24k€38k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€20k€30k▲
Profit (loss) for the period to be appropriated9905€20k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€92k€123k▲
Profit (loss) brought forward from the previous period14P€73k€92k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €30k ▲54.3%
Operating result €50k, net result €30k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €100kEq €114k ▲20.7%
7 profitable years in a row build equity to €114k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €18k ▼32%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 116 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Marche-en-Famenne · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Marloie, Aux Minières 26900 Marche-en-Famenne1 establishment unit
Marloie, Aux Minières 2, 6900 Marche-en-Famenne
since 20012.098.245.503
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SOTRACAR IMMO
BE 1003.448.568
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Of 11,979 companies in sector 68203 we hold annual accounts for 5,949. 4,041 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2001
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
74151
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.