S&M
ActiveSummary
The computed 12-month bankruptcy probability of S&M is 2.0% (moderate). The 2025 annual accounts show negative equity (-€13,193) and a net result of -€7,063. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18716 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-75
Solvency0=
Growth55▼-17
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€13,193
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 8 filingsDeviation from the deadline
2025
28 d late
2024
61 d late
2023
160 d late
2022
66 d late
2021
130 d late
2020
207 d late
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 90 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 5 October (4 of the last 5 filed years within 64 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€44,737▼ 13.7%
2022 · €51,843
EBIT margin
-2.2%▼ 6.9pp
2022 · 4.7%
Net result
-€7,063
2024 · €889
Working capital
-€13,777▼ 78.8%
2024 · -€7,704
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€7,259▼ 20.5%€51,843▲ 614%€44,737▼ 13.7%
Operating result-€2,537▲ 76.5%€2,443-€989€1,038-€6,889
Net result-€445within the sector's middle half€1,209within the sector's middle half-€1,230within the sector's middle half€889within the sector's middle half-€7,063below the sector's middle half
EBIT margin-34.9%▲ 83.1pp4.7%▲ 39.7pp-2.2%▼ 6.9pp
Equity€1,603below the sector's middle half▼ 21.7%€2,811below the sector's middle half▲ 75.4%-€7,019below the sector's middle half-€6,130below the sector's middle half▲ 12.7%-€13,193below the sector's middle half▼ 115%
Total assets€16,645below the sector's middle half▲ 8.6%€16,361below the sector's middle half▼ 1.7%€14,233below the sector's middle half▼ 13.0%€18,173below the sector's middle half▲ 27.7%€3,151below the sector's middle half▼ 82.7%
Debt€15,042▲ 13.3%€13,550▼ 9.9%€21,251▲ 56.8%€24,303▲ 14.4%€16,344▼ 32.7%
Working capital-€3,811within the sector's middle half▼ 435%-€673within the sector's middle half▲ 82.4%-€10,464within the sector's middle half▼ 1,456%-€7,704within the sector's middle half▲ 26.4%-€13,777below the sector's middle half▼ 78.8%
Solvency9.6%within the sector's middle half▼ 3.7pp17.2%within the sector's middle half▲ 7.6pp-49.3%below the sector's middle half▼ 66.5pp-33.7%below the sector's middle half▲ 15.6pp
Current ratio0.75below the sector's middle half▼ 0.200.95within the sector's middle half▲ 0.200.51below the sector's middle half▼ 0.440.68below the sector's middle half▲ 0.18
Return on assets (ROA)-2.7%below the sector's middle half▼ 20.5pp7.4%within the sector's middle half▲ 10.1pp-8.6%below the sector's middle half▼ 16.0pp4.9%within the sector's middle half▲ 13.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,889 after €1,038 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3,151
Fixed assets
€584 ▼ 62.9%
Current assets
€2,567 ▼ 84.5%
Equity and liabilities
Equity-€13,193
Debt€16,344
Equity is negative: debt (€16,344) exceeds the balance-sheet total (€3,151).
Key figures and ratios
EBITDA
-€5,899▼
2024 · €2,910
Cash flow
-€6,073▼
2024 · €2,761
Interest coverage
-24.79▼
2024 · 28.89
Debt ≤ 1 year
€16,344▼
2024 · €24,303
Income taxes
€5▼
2024 · €59
Ratios withheld: a balance sheet total of €3,151 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €7,259 | €51,843 | €44,737 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €8,860 | €42,070 | €42,330 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,930 | €2,538 | €1,872 | €990 | ▼ 47.1% |
| Other operating charges640/8 | €936 | €5,400 | €857 | €1,626 | €844 | ▼ 48.1% |
| Gross operating margin9900 | -€1,601 | €9,773 | €2,406 | €4,536 | -€5,055 | ▼ 211% |
| Operating profit (loss)9901 | -€2,537 | €2,443 | -€989 | €1,038 | -€6,889 | ▼ 764% |
| Financial income75/76B | €2,200 | €4 | €0 | €11 | €69 | ▲ 551% |
| Recurring financial income75 | €2,200 | €4 | €0 | €11 | €69 | ▲ 551% |
| Non-recurring financial income76B | €2,200 | - | - | - | - | - |
| Financial charges65/66B | €108 | €555 | €242 | €101 | €238 | ▲ 136% |
| Recurring financial charges65 | €108 | €555 | €242 | €101 | €238 | ▲ 136% |
| Profit (loss) for the period before taxes9903 | -€445 | €1,892 | -€1,230 | €948 | -€7,058 | ▼ 845% |
| Income taxes67/77 | - | €683 | - | €59 | €5 | ▼ 91.5% |
| Profit (loss) for the period9904 | -€445 | €1,209 | -€1,230 | €889 | -€7,063 | ▼ 894% |
| Profit (loss) for the period to be appropriated9905 | -€445 | €1,209 | -€1,230 | €889 | -€7,063 | ▼ 894% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,645 | €16,361 | €14,233 | €18,173 | €3,151 | ▼ 82.7% |
| Formation expenses20 | €979 | €528 | €77 | - | - | - |
| Fixed assets21/28 | €4,435 | €2,956 | €3,369 | €1,574 | €584 | ▼ 62.9% |
| Tangible fixed assets22/27 | €4,435 | €2,956 | €3,369 | €1,574 | €584 | ▼ 62.9% |
| Plant, machinery and equipment23 | €3,759 | €2,514 | €3,162 | €1,574 | €584 | ▼ 62.9% |
| Furniture and vehicles24 | €676 | €442 | €207 | - | - | - |
| Current assets29/58 | €11,231 | €12,877 | €10,787 | €16,599 | €2,567 | ▼ 84.5% |
| Stocks and contracts in progress3 | €9,437 | €9,437 | €9,437 | €7,430 | - | - |
| Stocks30/36 | €9,437 | €9,437 | €9,437 | €7,430 | - | - |
| Amounts receivable within one year40/41 | €563 | - | - | €8,358 | €2,105 | ▼ 74.8% |
| Trade receivables40 | - | - | - | €8,358 | €1,960 | ▼ 76.5% |
| Other amounts receivable41 | €563 | - | - | - | €145 | - |
| Cash at bank and in hand54/58 | €1,231 | €3,440 | €1,350 | €812 | €462 | ▼ 43.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,645 | €16,361 | €14,233 | €18,173 | €3,151 | ▼ 82.7% |
| Equity10/15 | €1,603 | €2,811 | -€7,019 | -€6,130 | -€13,193 | ▼ 115% |
| Contributions10/11 | €10,000 | €10,000 | €1,400 | €1,400 | €1,400 | = |
| Capital10 | €10,000 | €10,000 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €8,600 | €8,600 | - | - | - | - |
| Outside capital11 | - | - | €1,400 | - | - | - |
| Other1109/19 | - | - | €1,400 | - | - | - |
| Profit (loss) carried forward14 | -€8,397 | -€7,189 | -€8,419 | -€7,530 | -€14,593 | ▼ 93.8% |
| Amounts payable17/49 | €15,042 | €13,550 | €21,251 | €24,303 | €16,344 | ▼ 32.7% |
| Amounts payable within one year42/48 | €15,042 | €13,550 | €21,251 | €24,303 | €16,344 | ▼ 32.7% |
| Trade debts44 | €143 | €112 | €1,156 | €7,670 | €2,755 | ▼ 64.1% |
| Suppliers440/4 | €143 | €112 | €1,156 | €7,670 | €2,755 | ▼ 64.1% |
| Taxes, remuneration and social security45 | - | €2,291 | €3,432 | €2,482 | €1,861 | ▼ 25.0% |
| Taxes450/3 | - | €2,291 | €3,432 | €2,482 | €1,861 | ▼ 25.0% |
| Other amounts payable47/48 | €14,898 | €11,147 | €16,664 | €14,151 | €11,728 | ▼ 17.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€445 | €1,209 | -€1,230 | €889 | -€7,063 | ▼ 894% |
| + Depreciation and write-downs630 | - | €1,930 | €2,538 | €1,872 | €990 | ▼ 47.1% |
| Operating cash flow (approximation) | -€445 | €3,139 | €1,308 | €2,761 | -€6,073 | ▼ 320% |
| Investment in fixed assets (approximation) | - | -€451 | -€2,951 | -€77 | -€0 | ▲ 99.9% |
| Change in cash | - | €2,210 | -€2,090 | -€538 | -€350 | ▲ 35.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€7,063
Net result drops to -€7,063, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 160 days late
2024
31-12
Financial
Back to profitnet €889
Net result €889 after one loss-making year.
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Back to profitnet €1,209
Net result €1,209 after one loss-making year.
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 130 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 207 days late
2020
31-12
Financial
Back to profitnet €2,729
Net result €2,729 after 2 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Ground area
362 m²
Building footprint
255 m²
Volume, LiDAR
1,400 m³
Parcel 11422C0209/00D009, Flanders · tallest building 16.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
S&M
since 20182.273.678.317
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0209/00D009 | Flanders | 362 m² | 1 · 255 m² | 16.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.273.678.317
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,488 companies in this sector we hold annual accounts for 2,442. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded22-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690881906
Also
9925:BE0690881906
Registered
02-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.