S.G.M.
Open bankruptcyA bankruptcy procedure is open for S.G.M. according to publications in the Belgian State Gazette; curator: LAURENCE ROOSEN. The 2022 annual accounts show negative equity (€-229k) and a net result of €-13k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 14-08-2023, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
14 d late
2021
32 d early
2020
88 d late
2019
91 d late
← before the deadline
after the deadline →
Name match with a sanctions list
1 entrySHAHID MEISAMI GROUPalias S.M.G.
A name match is not a finding that this company itself is on the list; check the entry at the source.
Financials · fiscal year 2022, micro schema
Equity
€-229k▼ 5.8%
2021 · €-217k
2018: €-148k
2019: €-220k
2020: €-199k
2021: €-217k
2018 → 2022
Total assets
€116▼ 99.1%
2021 · €13k
2018: €66k
2019: €22k
2020: €44k
2021: €13k
2018 → 2022
Net result
€-13k▲ 29.2%
2021 · €-18k
2018: €-50k
2019: €-72k
2020: €20k
2021: €-18k
2018 → 2022
Working capital
€-229k▼ 5.8%
2021 · €-217k
2018: €-153k
2019: €-220k
2020: €-199k
2021: €-217k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-148k-€-220k▼ 48.5%€-199k▲ 9.3%€-217k▼ 8.9%€-229k▼ 5.8%
Operating result€-48k-€-71k▼ 46.9%€21k€-17k€-12k▲ 28.8%
Net result€-50k-€-72k▼ 43.8%€20k€-18k€-13k▲ 29.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2022 against €17k in 2021; the loss shrinks.
Key figures and ratios
Debt
€229k▼
2021 · €230k
Debt ≤ 1 year
€229k▼
2021 · €230k
Ratios withheld: a balance sheet total of €116 is too small for a meaningful ratio.
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€13k€116▼
Current assets29/58€13k€116▼
Stocks and contracts in progress3€892-
Stocks30/36€892-
Amounts receivable within one year40/41€8k€101▼
Trade receivables40€5k-
Other amounts receivable41€4k€101▼
Cash at bank and in hand54/58€4k€15▼
Equity and liabilities
Total equity and liabilities10/49€13k€116▼
Equity10/15€-217k€-229k▼
Contributions10/11€30k€30k=
Outside capital11€30k€30k=
Other1109/19€30k€30k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€-250k€-262k▼
Amounts payable17/49€230k€229k▼
Amounts payable within one year42/48€230k€229k▼
Trade debts44€162k€159k▼
Suppliers440/4€162k€159k▼
Taxes, remuneration and social security45€120-
Taxes450/3€120-
Other amounts payable47/48€67k€71k▲
Income statement
Code20212022
Non-recurring operating income76A-€39
Other operating charges640/8€4k€348▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€-13k€-8k▲
Operating profit (loss)9901€-17k€-12k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€540€309▼
Recurring financial charges65€540€309▼
Profit (loss) for the period before taxes9903€-18k€-13k▲
Profit (loss) for the period9904€-18k€-13k▲
Profit (loss) for the period to be appropriated9905€-18k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-250k€-262k▼
Profit (loss) brought forward from the previous period14P€-232k€-250k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
10-11
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · S.G.M. SPRL RUE CHARLES CATALA 78, 1460 ITTRE · event 06-11-2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
07-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 7 days late
SignalFinancial 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
1 establishment unit since 2005
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.
Ground area
745 m²
Building footprint
52 m²
Volume, LiDAR
476 m³
Parcel 25108B0640/00T002, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MILANO
since 20052.147.256.534
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25108B0640/00T002 | Wallonia | 745 m² | 1 · 52 m² | 10.8 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURENCE ROOSEN AVENUE DES IRIS 101,
1341 CEROUX-MOUSTY |
06-11-2023 → present |
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 1,034 companies in sector 47721 we hold annual accounts for 582.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-03-2005
Fiscal year end31-12
Activities, NACEBEL
47721Retail sale of footwear
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.