S & M
ActiveSummary
The computed 12-month bankruptcy probability of S & M is 6.8% (elevated). The 2024 annual accounts show negative equity (-€44,903) and a net result of €37,747. Equity is shrinking by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 26049 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
6.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.18 in 2023; short-term debt: 235.3% and cash: 66.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 · 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 2024Solvency, return and age of the figures
Solvency
-135.3%
Return on assets
113.7%
Age of the figures
21 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 26049 sector peers (2024).
NBB · sector comparisonPosition among 26049 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
35 d early
2022
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€44,903▲ 45.7%
2023 · -€82,650
Total assets
€33,188▲ 3.6%
2023 · €32,024
Net result
€37,747
2023 · -€61,788
Working capital
-€53,543▲ 42.8%
2023 · -€93,591
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result-€17,611--€58,635▼ 233%€40,397
Net result-€20,862below the sector's middle half--€61,788below the sector's middle half▼ 196%€37,747above the sector's middle half
Equity-€20,862below the sector's middle half--€82,650below the sector's middle half▼ 296%-€44,903below the sector's middle half▲ 45.7%
Total assets€26,149below the sector's middle half-€32,024below the sector's middle half▲ 22.5%€33,188below the sector's middle half▲ 3.6%
Debt€47,011-€114,674▲ 144%€78,091▼ 31.9%
Working capital-€34,837below the sector's middle half--€93,591below the sector's middle half▼ 169%-€53,543below the sector's middle half▲ 42.8%
Solvency-79.8%below the sector's middle half--258.1%below the sector's middle half▼ 178.3pp-135.3%below the sector's middle half▲ 122.8pp
Current ratio0.26below the sector's middle half-0.18below the sector's middle half▼ 0.080.31below the sector's middle half▲ 0.13
Return on assets (ROA)-79.8%below the sector's middle half--192.9%below the sector's middle half▼ 113.2pp113.7%above the sector's middle half▲ 306.7pp
Staff (FTE)2.3-
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 returns to profit in 2024: €40,397 after a loss of €58,635 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33,188
Fixed assets
€8,639 ▼ 21.0%
Current assets
€24,549 ▲ 16.4%
Key figures and ratios
EBITDA
€43,628▲
2023 · -€55,601
Cash flow
€40,979▲
2023 · -€58,754
Debt to equity
-1.74▼
2023 · -1.39
Interest coverage
17.29▲
2023 · -18.29
Debt ≤ 1 year
€78,091▼
2023 · €114,674
Income taxes
€128▲
2023 · €123
Staff costs
€75,145▲
2023 · €55,294
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,021 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
5.8%
went bankrupt
4.0%
stopped otherwise
89%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,021 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €40,071 | €55,294 | €75,145 | ▲ 35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €653 | €3,034 | €3,232 | ▲ 6.5% |
| Other operating charges640/8 | €6,656 | €26,957 | €13,126 | ▼ 51.3% |
| Gross operating margin9900 | €29,769 | €26,650 | €131,899 | ▲ 395% |
| Operating profit (loss)9901 | -€17,611 | -€58,635 | €40,397 | ▲ 169% |
| Financial income75/76B | €66 | €11 | €1 | ▼ 88.6% |
| Recurring financial income75 | €66 | €11 | €1 | ▼ 88.6% |
| Financial charges65/66B | €3,122 | €3,041 | €2,523 | ▼ 17.0% |
| Recurring financial charges65 | €3,122 | €3,041 | €2,523 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | -€20,667 | -€61,665 | €37,875 | ▲ 161% |
| Income taxes67/77 | €195 | €123 | €128 | ▲ 3.9% |
| Profit (loss) for the period9904 | -€20,862 | -€61,788 | €37,747 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | -€20,862 | -€61,788 | €37,747 | ▲ 161% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,149 | €32,024 | €33,188 | ▲ 3.6% |
| Fixed assets21/28 | €13,975 | €10,941 | €8,639 | ▼ 21.0% |
| Tangible fixed assets22/27 | €13,975 | €10,941 | €8,639 | ▼ 21.0% |
| Plant, machinery and equipment23 | €1,620 | €1,133 | €1,380 | ▲ 21.8% |
| Furniture and vehicles24 | €12,355 | €9,807 | €7,260 | ▼ 26.0% |
| Current assets29/58 | €12,174 | €21,083 | €24,549 | ▲ 16.4% |
| Amounts receivable within one year40/41 | €9,287 | €1,589 | €2,571 | ▲ 61.8% |
| Trade receivables40 | €9,287 | €1,589 | €2,571 | ▲ 61.8% |
| Cash at bank and in hand54/58 | €2,888 | €19,494 | €21,977 | ▲ 12.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,149 | €32,024 | €33,188 | ▲ 3.6% |
| Equity10/15 | -€20,862 | -€82,650 | -€44,903 | ▲ 45.7% |
| Profit (loss) carried forward14 | -€20,862 | -€82,650 | -€44,903 | ▲ 45.7% |
| Amounts payable17/49 | €47,011 | €114,674 | €78,091 | ▼ 31.9% |
| Amounts payable within one year42/48 | €47,011 | €114,674 | €78,091 | ▼ 31.9% |
| Trade debts44 | €25,132 | €33,605 | €55,491 | ▲ 65.1% |
| Suppliers440/4 | €25,132 | €33,605 | €55,491 | ▲ 65.1% |
| Taxes, remuneration and social security45 | €10,665 | €6,873 | €12,919 | ▲ 88.0% |
| Taxes450/3 | €9,150 | €6,873 | €12,470 | ▲ 81.4% |
| Remuneration and social security454/9 | €1,516 | €0 | €449 | - |
| Other amounts payable47/48 | €11,214 | €74,196 | €9,681 | ▼ 87.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,862 | -€61,788 | €37,747 | ▲ 161% |
| + Depreciation and write-downs630 | €653 | €3,034 | €3,232 | ▲ 6.5% |
| Operating cash flow (approximation) | -€20,209 | -€58,754 | €40,979 | ▲ 170% |
| Investment in fixed assets (approximation) | - | €0 | -€931 | - |
| Change in cash | - | €16,607 | €2,483 | ▼ 85.0% |
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
2026
01-09
State Gazette act
Resignation: Alamgir Hossan (non-statutory director)2 facts ▸
State Gazette act
Resignation: Alamgir Hossan (non-statutory director)
2 facts ▸
- General meeting, 30-07-2026
- Director resignation, Alamgir Hossan (non-statutory director)
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €37,747
Net result €37,747 after 2 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€61,788
Net result drops to -€61,788, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 5 establishment units since 2022
Ground area
1,367 m²
Building footprint
1,339 m²
Volume, LiDAR
29,409 m³
6 parcels, Flanders · tallest building 39.0 m, ±11 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
5 establishment units
S&M
since 20222.332.787.444
Albert I-Promenade 52, 8400 Oostende
since 20222.332.787.840
S&M
since 20252.376.215.433
S&M
since 20262.389.351.906
S&M
since 20262.393.438.772
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1596/00B018 | Flanders | 559 m² | 1 · 580 m² | 34.8 m · 10 fl. |
| 38008A0070/00_000 | Flanders | 312 m² | 1 · 279 m² | 25.0 m · 3 fl. |
| 35013A1596/00D034 | Flanders | 141 m² | 1 · 141 m² | 39.0 m · 11 fl. |
| 35383C0432/00S015 | Flanders | 135 m² | 1 · 135 m² | 9.9 m · 3 fl. |
| 35013A0772/12A000 | Flanders | 118 m² | 1 · 101 m² | 16.9 m · 4 fl. |
| 35011B0180/00M082 | Flanders | 103 m² | 1 · 104 m² | 29.8 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alamgir Hossan |
|
Articles of association
Power of attorney
One provision in the deed
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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 2,215 companies in sector 47711 we hold annual accounts for 888. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47110Non-specialised retail sale with food, beverages or tobacco predominating
47712Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47792Retail sale of second-hand clothing
Contact
E-mail
zasamode@hotmail.com
Phone
0489839325
E-invoicing
Reachable via Peppol
Peppol ID
0208:0775651095
Also
9925:BE0775651095
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.