S & M
The computed 12-month bankruptcy probability of S & M is 5.8% (elevated). The 2024 annual accounts show negative equity (€-45k) and a net result of €38k. Equity is shrinking by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 6675 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-45k |
| Net result | €38k |
| Better than sector | 8% |
| Active | 4 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -135.3% | 20.4% | |
| Net result | €38k | €4k | |
| Equity | €-45k | €16k | |
| Gross operating margin | €132k | €24k | |
| Staff costs | €75k | €33k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €44k |
| Net profit | €38k |
| Cash flow | €41k |
| Staff costs | €75k |
| Income taxes | €128 |
| Dividends | - |
| Total assets | €33k |
| Equity | €-45k |
| Debt | €78k |
| of which ≤ 1y | €78k |
| of which > 1y | - |
| Working capital | €-54k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.31 |
| Quick ratio | 0.31 |
| Working capital ratio | -161.3% |
| Solvency | -135.3% |
| Debt / equity | -1.74 |
| Long-term debt ratio | - |
| Interest coverage | 17.29 |
| Gross margin | - |
| Net margin | - |
| ROA | 113.7% |
| ROE | -84.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €33k |
| Fixed assets | 21/28 | €9k |
| Tangible fixed assets | 22/27 | €9k |
| Current assets | 29/58 | €25k |
| Amounts receivable within one year | 40/41 | €3k |
| Cash & bank | 54/58 | €22k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €33k |
| Equity | 10/15 | €-45k |
| Accumulated profits (losses) | 14 | €-45k |
| Amounts payable | 17/49 | €78k |
| Amounts payable within one year | 42/48 | €78k |
| Trade debts payable within one year | 44 | €55k |
| Income statement | ||
| Gross operating margin | 9900 | €132k |
| Operating result | 9901 | €40k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €38k |
| Income taxes | 67/77 | €128 |
| Net result for the period | 9904 | €38k |
| Result to be appropriated | 9905 | €38k |
| NACE primary | Retail trade(47711) |
| Legal form | Private limited company(610) |
| Incorporation | 12-10-2021 |
| Status | Active |
| Postal code | 8400 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1596/00B018 | Flanders | 559 m² | 1 · 580 m² | 34.8 m · 10 fl. |
| 38008A0249/00_000 | Flanders | 273 m² | 1 · 274 m² | 30.5 m · 8 fl. |
| 38008A0092/00_000 | Flanders | 144 m² | 1 · 102 m² | 15.3 m · 4 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. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
15-06-2022 Registered office moved from De Panne to Oostende
- 8660 De Panne, Zeedijk 40 → 8400 Oostende, Stuiverstraat 297
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "8400 Oostende, Stuiverstraat 297",
"city": "Oostende",
"region": "vlaams_gewest",
"street": "Stuiverstraat",
"country": "BE",
"postcode": "8400",
"box_number": null,
"street_number": "297",
"locality_suffix": null
},
"old_address": {
"raw": "8660 De Panne, Zeedijk 40",
"city": "De Panne",
"region": "vlaams_gewest",
"street": "Zeedijk",
"country": "BE",
"postcode": "8660",
"box_number": null,
"street_number": "40",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": null,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
}
],
"notary": {
"name": "Xavier De Maesschalck",
"firm_city": null,
"firm_name": null,
"office_city": "Oostende",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-06-15",
"filing_date": "2022-06-13",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-06-08",
"unanimous": true
},
"subject_company": {
"kbo": "0775.651.095",
"name_full": "S \u0026 M",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"Expeditie van de akte",
"verslag bestuursorgaan",
"geco\u00F6rdineerde statuten"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | S & M |