Checked.be
Active
BE 0797.533.208Private limited companyOpen bankruptcy
S&M
· 3 yrs active
Sector: Wholesale trade
(46180)
Conclusion
A bankruptcy procedure is open for S&M according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (€-4k) and a net result of €-8k.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €-4k |
| Net result | €-8k |
| Better than sector | 14% |
| Active | 3 yrs |
Snowflake analysis
37
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
100
Solvency
33
Growth
50
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
53 / 100
High riskComponents
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
Address struck
Health barometer
0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 04-06-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -36.4% | 25.4% | |
| Net result | €-8k | €4k | |
| Equity | €-4k | €20k | |
| Gross operating margin | €-6k | €18k | |
| Total assets | €11k | €102k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-6k |
| Net profit | €-8k |
| Cash flow | €-8k |
| Staff costs | - |
| Income taxes | €181 |
| Dividends | - |
| Total assets | €11k |
| Equity | €-4k |
| Debt | €15k |
| of which ≤ 1y | €15k |
| of which > 1y | - |
| Working capital | €-9k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.42 |
| Quick ratio | 0.42 |
| Working capital ratio | -78.9% |
| Solvency | -36.4% |
| Debt / equity | -3.75 |
| Long-term debt ratio | - |
| Interest coverage | -4.90 |
| Gross margin | - |
| Net margin | - |
| ROA | -71.9% |
| ROE | 197.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €11k |
| Fixed assets | 21/28 | €5k |
| Tangible fixed assets | 22/27 | €5k |
| Current assets | 29/58 | €6k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11k |
| Equity | 10/15 | €-4k |
| Contributions / capital | 10/11 | €4k |
| Accumulated profits (losses) | 14 | €-8k |
| Amounts payable | 17/49 | €15k |
| Amounts payable within one year | 42/48 | €15k |
| Trade debts payable within one year | 44 | €6k |
| Income statement | ||
| Gross operating margin | 9900 | €-6k |
| Operating result | 9901 | €-7k |
| Financial income | 75 | €51 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-8k |
| Income taxes | 67/77 | €181 |
| Net result for the period | 9904 | €-8k |
| Result to be appropriated | 9905 | €-8k |
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | FREDERIC D’HONT STATIONSSTRAAT 34, 8020 OOST-
KAMP |
03-03-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Wholesale trade(46180) |
| Legal form | Private limited company(610) |
| Incorporation | 24-01-2023 |
| Status | Active |
| Postal code | - |
| First BS signal | 07-03-2025 |
| Latest BS signal | 07-03-2025 |
Company structure, linked entities
Mandates
Establishment units
S&M
since 20232.341.060.158
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A1184/00A000 | Flanders | 783 m² | 1 · 186 m² | 10.0 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
07-03-2025
Bankruptcy
Opening
21-02-2025
KBO administration
Address struck
2024
04-06-2024
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
07-03-2025
Bankruptcy
Opening
21-02-2025
KBO administration
Address struck
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Handelsbemiddeling gespecialiseerd in andere goederen46180Handelsbemiddeling in de groothandel in andere specifieke goederen46180Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | S&M |
Registration history
- 20-12-2024 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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