M. SMETS FORMATIONS & SERVICES
ActiveThe computed 12-month bankruptcy probability of M. SMETS FORMATIONS & SERVICES is 1.9% (moderate). The 2025 annual accounts show equity of €27k and a net result of €201. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 66% of 18040 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency78▲+7
Growth52=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.66 in 2024; short-term debt: 46.7% and cash: 48.8% of total assets), and 46.7% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
53.3%
Return on assets
0.4%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
7 d early
2024
37 d early
2023
30 d late
2022
21 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€27k▲ 0.8%
2024 · €26k
2022: €26k
2023: €26k
2024: €26k
2022 → 2025
Total assets
€50k▼ 13.5%
2024 · €58k
2022: €63k
2023: €46k
2024: €58k
2022 → 2025
Net result
€201▼ 36.8%
2024 · €317
2022: €16k
2023: €1k
2024: €317
2022 → 2025
Working capital
€2k
2024 · €-10k
2022: €4k
2023: €4k
2024: €-10k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€26k-€26k▲ 2.0%€26k▲ 1.2%€27k▲ 0.8%
Operating result€23k-€3k▼ 86.0%€1k▼ 54.6%€1k▼ 26.9%
Net result€16k-€1k▼ 92.1%€317▼ 75.6%€201▼ 36.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 27% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€25k▼ 37.7%
Current assets
€25k▲ 38.0%
Equity and liabilities €50k
Equity
€27k▲ 0.8%
Debt
€23k▼ 25.5%
The debt ratio falls from 54.3% to 46.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €13k
Cash flow
€9k▼
2024 · €12k
Solvency
53.3%▲
2024 · 45.7%
Current ratio
1.09▲
2024 · 0.66
Quick ratio
1.09▲
2024 · 0.66
Debt / equity
0.88▼
2024 · 1.19
ROE
0.8%▼
2024 · 1.2%
ROA
0.4%▼
2024 · 0.5%
Interest coverage
14.49▼
2024 · 27.02
Debt
€23k▼
2024 · €31k
Debt ≤ 1 year
€23k▼
2024 · €28k
Income taxes
€176▼
2024 · €664
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€58k€50k▼
Fixed assets21/28€39k€25k▼
Tangible fixed assets22/27€39k€25k▼
Land and buildings22€3k€1k▼
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€35k€19k▼
Current assets29/58€18k€25k▲
Amounts receivable within one year40/41€4k-
Trade receivables40€4k-
Cash at bank and in hand54/58€13k€24k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€58k€50k▼
Equity10/15€26k€27k▲
Contributions10/11€10k€10k=
Reserves13€16k€17k▲
Distributable reserves133€16k€17k▲
Amounts payable17/49€31k€23k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€28k€23k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€19k€19k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼
Other operating charges640/8€363€416▲
Non-recurring operating charges66A€40-
Gross operating margin9900€14k€11k▼
Operating profit (loss)9901€1k€1k▼
Financial charges65/66B€495€703▲
Recurring financial charges65€495€703▲
Profit (loss) for the period before taxes9903€981€377▼
Income taxes67/77€664€176▼
Profit (loss) for the period9904€317€201▼
Profit (loss) for the period to be appropriated9905€317€201▼
Appropriation of the result
Profit (loss) to be appropriated9906€317€201▼
Transfer to equity691/2€317€201▼
To other reserves6921€317€201▼
The notes to these accounts (7 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €201 ▼36.8%
Net result drops to €201, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Welkenraedt · 1 establishment unit since 2021
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.
Rue Belle-Vue 44840 WelkenraedtGround area
206 m²
Building footprint
113 m²
Volume, LiDAR
791 m³
Parcel 63084A0111/00Z008, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M. SMETS FORMATIONS ET SERVICES SRL
since 20212.321.287.105
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084A0111/00Z008 | Wallonia | 206 m² | 1 · 113 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0820.314.548
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PLUTUS MS
BE 0791.155.556
Elsene · Eq €27k
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BE 0878.950.553
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CK Trading & Services
BE 1004.770.243
Nieuwerkerken (Limb.) · Eq €27k
Of 10,677 companies in sector 47811 we hold annual accounts for 5,222. 2,894 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2021
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
45204
45310
47820Retail sale of motor vehicle parts and accessories
45401
45402
46180Agents specialised in the wholesale of other particular products
46720Wholesale of motor vehicle parts and accessories
46730Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
85531Driving schools for cars and motorcycles
85599Other education
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:m.smets.formations@gmail.com