S.M.A.
ActiveThe file of S.M.A. contains 3 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €991,893 and a net result of €2,382. The figures fluctuate too strongly year-on-year for a reliable trend projection.
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Signals
This company filed its last 6 accounts on average 39 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Name match with a sanctions list
1 entryA name match is not a finding that this company itself is on the list; check the entry at the source.
History
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Financials · fiscal year 2024, full schema
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Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 14,733 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €423 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €142,573 | €169,286 | €85,248 | €125,993 | €126,445 | ▲ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €58,449 | -€55,171 | -€3,279 | - | - |
| Other operating charges640/8 | - | €84,734 | €72,829 | €29,221 | €28,284 | ▼ 3.2% |
| Non-recurring operating charges66A | - | - | €793 | €1,591 | - | - |
| Gross operating margin9900 | €175,791 | €360,432 | €746,150 | €124,631 | €196,675 | ▲ 57.8% |
| Operating profit (loss)9901 | -€69,178 | €47,962 | €642,450 | -€28,895 | €41,946 | ▲ 245% |
| Financial income75/76B | - | €8,839 | €12,954 | €14,561 | €17,553 | ▲ 20.5% |
| Recurring financial income75 | €30,108 | €8,839 | €12,954 | €14,561 | €17,553 | ▲ 20.5% |
| Financial charges65/66B | - | €83,851 | €86,877 | €18,948 | €30,035 | ▲ 58.5% |
| Recurring financial charges65 | €61,131 | €83,851 | €86,877 | €18,948 | €30,035 | ▲ 58.5% |
| Profit (loss) for the period before taxes9903 | €657,306 | -€27,050 | €568,527 | -€33,282 | €29,464 | ▲ 189% |
| Transfer from deferred taxes780 | - | €15,709 | €161,132 | €4,646 | €4,646 | = |
| Income taxes67/77 | €136 | €3,740 | €282,161 | €1,563 | €31,728 | ▲ 1,930% |
| Profit (loss) for the period9904 | €670,674 | -€15,081 | €447,498 | -€30,199 | €2,382 | ▲ 108% |
| Transfer from tax-exempt reserves789 | - | €38,460 | €483,395 | €13,937 | €13,937 | = |
| Profit (loss) for the period to be appropriated9905 | -€28,354 | €23,379 | €930,893 | -€16,262 | €16,318 | ▲ 200% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €4.1m | €2.5m | €2.2m | €2.2m | ▼ 3.7% |
| Fixed assets21/28 | €3.3m | €3.6m | €1.7m | €1.6m | €1.5m | ▼ 7.6% |
| Tangible fixed assets22/27 | €3.3m | €3.6m | €1.7m | €1.6m | €1.5m | ▼ 7.6% |
| Land and buildings22 | - | €3.6m | €1.6m | €1.5m | €1.4m | ▼ 6.8% |
| Furniture and vehicles24 | - | - | €79,384 | €62,758 | €46,133 | ▼ 26.5% |
| Financial fixed assets28 | €186 | €186 | €186 | €186 | €186 | = |
| Current assets29/58 | €468,562 | €459,452 | €795,465 | €663,004 | €699,354 | ▲ 5.5% |
| Amounts receivable after more than one year29 | - | €348,010 | €466,489 | €453,535 | €453,535 | = |
| Other amounts receivable291 | - | €348,010 | €466,489 | €453,535 | €453,535 | = |
| Amounts receivable within one year40/41 | €421,042 | €73,040 | €60,282 | €186,440 | €223,986 | ▲ 20.1% |
| Trade receivables40 | - | €73,040 | €60,282 | €68,779 | €81,479 | ▲ 18.5% |
| Other amounts receivable41 | - | - | - | €117,661 | €142,506 | ▲ 21.1% |
| Cash at bank and in hand54/58 | €35,908 | €2,006 | €211,467 | €2,739 | - | - |
| Deferred charges and accrued income490/1 | - | €36,396 | €57,228 | €20,289 | €21,833 | ▲ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €4.1m | €2.5m | €2.2m | €2.2m | ▼ 3.7% |
| Equity10/15 | €545,748 | €534,997 | €1.0m | €989,511 | €991,893 | ▲ 0.2% |
| Contributions10/11 | - | €170,847 | €170,847 | €170,847 | €170,847 | = |
| Reserves13 | €699,028 | €660,569 | €214,389 | €200,452 | €186,516 | ▼ 7.0% |
| Tax-exempt reserves132 | - | €660,569 | €214,389 | €200,452 | €186,516 | ▼ 7.0% |
| Profit (loss) carried forward14 | -€324,127 | -€296,418 | €634,474 | €618,212 | €634,530 | ▲ 2.6% |
| Provisions and deferred taxes16 | €285,519 | €269,810 | €71,463 | €66,817 | €62,172 | ▼ 7.0% |
| Deferred taxes168 | - | €269,810 | €71,463 | €66,817 | €62,172 | ▼ 7.0% |
| Amounts payable17/49 | €2.9m | €3.3m | €1.4m | €1.2m | €1.1m | ▼ 6.8% |
| Amounts payable after more than one year17 | €2.6m | €2.9m | €759,863 | €748,296 | €556,892 | ▼ 25.6% |
| Financial debts170/4 | - | €2.9m | €759,863 | €748,296 | €556,892 | ▼ 25.6% |
| Amounts payable within one year42/48 | €291,005 | €365,098 | €601,704 | €439,580 | €551,106 | ▲ 25.4% |
| Current portion of amounts payable after more than one year42 | - | €197,877 | €90,609 | €93,372 | €99,222 | ▲ 6.3% |
| Financial debts43 | - | €10,797 | - | €9,317 | €100,399 | ▲ 978% |
| Credit institutions430/8 | - | €10,797 | - | €9,317 | €100,399 | ▲ 978% |
| Trade debts44 | €647 | €70,514 | €147,168 | €53,167 | €46,035 | ▼ 13.4% |
| Suppliers440/4 | - | €70,514 | €147,168 | €53,167 | €46,035 | ▼ 13.4% |
| Taxes, remuneration and social security45 | - | €291 | €282,307 | €283,723 | €305,451 | ▲ 7.7% |
| Taxes450/3 | - | €291 | €282,307 | €283,723 | €305,451 | ▲ 7.7% |
| Other amounts payable47/48 | - | €85,620 | €81,620 | - | - | - |
| Accrued charges and deferred income492/3 | - | €766 | €5,588 | €1,556 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €670,674 | -€15,081 | €447,498 | -€30,199 | €2,382 | ▲ 108% |
| + Depreciation and write-downs630 | €142,573 | €169,286 | €85,248 | €125,993 | €126,445 | ▲ 0.4% |
| Operating cash flow (approximation) | €813,247 | €154,205 | €532,746 | €95,794 | €128,827 | ▲ 34.5% |
| Investment in fixed assets (approximation) | - | -€540,000 | €1.9m | -€45,888 | -€6,398 | ▲ 86.1% |
| Change in cash | - | -€33,902 | €209,461 | -€208,727 | - | - |
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
Show earlier events
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051C0010/00D002 | Wallonia | 3,274 m² | 1 · 327 m² | 7.6 m · 2 fl. |
| 25051C0109/00H000 | Wallonia | 431 m² | 1 · 61 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 ownerChain of control
- IMMO VDD
- S.M.A.
Highest known parent: IMMO VDD. The sources do not say who stands above it.
Owners 1
- IMMO VDDparentSourceaccounts IMMO VDD 202488%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.