Summary
S.M.A. is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.6m and a net result of €3.0m. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 5593 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-12-2025, 135 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
135 d early
2024
8 d early
2023
31 d early
2022
47 d early
2021
32 d early
2020
42 d early
2019
93 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 55 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
Name match with a sanctions list
1 entryS M A
A 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 2025, abbreviated schema
In the rankings
#6 company by equity in Mol, Finance and insurance sector#7 company by total assets in Mol, Finance and insurance sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€4.6m▲ 26.6%
2024 · €3.7m
Net result
€3.0m▲ 42.8%
2024 · €2.1m
Total assets
€6.7m▲ 78.6%
2024 · €3.8m
Solvency
69.0%▼ 28.3pp
2024 · 97.4%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 64, Financial service activities, except insurance and pension funding, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€39,975▼ 130%-€41,465▼ 3.7%-€23,425▲ 43.5%-€6,053▲ 74.2%-€60,770▼ 904%
Net result€2.0mabove the sector's middle half▲ 94.5%€980,079above the sector's middle half▼ 50.7%€1.1mabove the sector's middle half▲ 15.3%€2.1mabove the sector's middle half▲ 84.5%€3.0mabove the sector's middle half▲ 42.8%
Equity€3.8mabove the sector's middle half▲ 111%€4.8mabove the sector's middle half▲ 26.0%€3.6mabove the sector's middle half▼ 24.6%€3.7mabove the sector's middle half▲ 2.4%€4.6mabove the sector's middle half▲ 26.6%
Total assets€3.8mwithin the sector's middle half▲ 35.7%€4.8mabove the sector's middle half▲ 26.7%€3.6mwithin the sector's middle half▼ 24.7%€3.8mwithin the sector's middle half▲ 4.1%€6.7mabove the sector's middle half▲ 78.6%
Debt€21,165▼ 97.9%€52,700▲ 149%€34,939▼ 33.7%€98,659▲ 182%€2.1m▲ 2,011%
Working capital€2.3mabove the sector's middle half▲ 736%€3.3mabove the sector's middle half▲ 43.5%€2.0mabove the sector's middle half▼ 39.7%€1.8mabove the sector's middle half▼ 8.2%€2.6mabove the sector's middle half▲ 45.6%
Solvency99.4%above the sector's middle half▲ 35.6pp98.9%above the sector's middle half▼ 0.5pp99.0%above the sector's middle half▲ 0.1pp97.4%above the sector's middle half▼ 1.7pp69.0%within the sector's middle half▼ 28.3pp
Current ratio62.93above the sector's middle half57.32above the sector's middle half▼ 5.6019.31above the sector's middle half▼ 38.022.26within the sector's middle half▼ 17.04
Return on assets (ROA)52.4%above the sector's middle half▲ 15.9pp20.4%above the sector's middle half▼ 32.0pp31.2%above the sector's middle half▲ 10.8pp55.4%above the sector's middle half▲ 24.1pp44.3%above the sector's middle half▼ 11.1pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60,770 in 2025 against €6,053 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.7m
Fixed assets
€2.0m ▲ 8.2%
Current assets
€4.7m ▲ 147%
Equity and liabilities €6.7m
Equity
€4.6m ▲ 26.6%
Debt
€2.1m ▲ 2,011%
Debt's share of the balance-sheet total rises from 2.6% to 31.0%. Equity and debt are higher.
Key figures and ratios
ROE
64.1%▲
2024 · 56.8%
Debt ≤ 1 year
€2.1m▲
2024 · €98,659
Income taxes
€2,433▲
2024 · €1,956
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €16,000 | €8,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,658 | €17,903 | €10,099 | €53,883 | €64,861 | ▲ 20.4% |
| Other operating charges640/8 | - | €6,510 | €10,898 | €4,735 | €5,443 | ▲ 15.0% |
| Non-recurring operating charges66A | - | - | - | - | €7,000 | - |
| Gross operating margin9900 | -€19,719 | -€17,052 | -€2,428 | €52,565 | €16,534 | ▼ 68.5% |
| Operating profit (loss)9901 | -€39,975 | -€41,465 | -€23,425 | -€6,053 | -€60,770 | ▼ 904% |
| Financial income75/76B | - | €1.1m | €1.1m | €2.1m | €3.1m | ▲ 45.9% |
| Recurring financial income75 | €2.0m | €1.1m | €1.1m | €2.1m | €3.1m | ▲ 45.9% |
| Financial charges65/66B | - | €63,618 | -€57,231 | €823 | €14,453 | ▲ 1,656% |
| Recurring financial charges65 | -€7,595 | €63,618 | -€57,231 | €823 | €14,453 | ▲ 1,656% |
| Profit (loss) for the period before taxes9903 | €2.0m | €982,114 | €1.1m | €2.1m | €3.0m | ▲ 42.7% |
| Income taxes67/77 | €2,266 | €2,035 | €2,180 | €1,956 | €2,433 | ▲ 24.4% |
| Profit (loss) for the period9904 | €2.0m | €980,079 | €1.1m | €2.1m | €3.0m | ▲ 42.8% |
| Profit (loss) for the period to be appropriated9905 | €2.0m | €980,079 | €1.1m | €2.1m | €3.0m | ▲ 42.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €4.8m | €3.6m | €3.8m | €6.7m | ▲ 78.6% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.6m | €1.9m | €2.0m | ▲ 8.2% |
| Tangible fixed assets22/27 | €22,969 | €13,603 | €139,353 | €260,695 | €195,834 | ▼ 24.9% |
| Land and buildings22 | - | €2,958 | €2,958 | €2,958 | €2,958 | = |
| Furniture and vehicles24 | - | €10,645 | €136,395 | €247,804 | €185,177 | ▼ 25.3% |
| Other tangible fixed assets26 | - | - | - | €9,933 | €7,699 | ▼ 22.5% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.6m | €1.8m | ▲ 13.6% |
| Current assets29/58 | €2.3m | €3.3m | €2.0m | €1.9m | €4.7m | ▲ 147% |
| Amounts receivable within one year40/41 | €87,470 | €103,640 | €106,721 | €161,588 | €124,425 | ▼ 23.0% |
| Trade receivables40 | - | €26,045 | €60,059 | €124,316 | €87,834 | ▼ 29.3% |
| Other amounts receivable41 | - | €77,595 | €46,662 | €37,272 | €36,591 | ▼ 1.8% |
| Current investments50/53 | €2.1m | €2.1m | €1.8m | €1.7m | €2.5m | ▲ 48.8% |
| Cash at bank and in hand54/58 | €101,956 | €1.1m | €48,200 | €63,739 | €2.1m | ▲ 3,175% |
| Deferred charges and accrued income490/1 | - | €11,944 | €700 | €525 | €350 | ▼ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €4.8m | €3.6m | €3.8m | €6.7m | ▲ 78.6% |
| Equity10/15 | €3.8m | €4.8m | €3.6m | €3.7m | €4.6m | ▲ 26.6% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €122,600 | €122,600 | €122,600 | €122,600 | €122,600 | = |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | €116,450 | €116,450 | €116,450 | €116,450 | = |
| Profit (loss) carried forward14 | €3.6m | €4.6m | €3.4m | €3.5m | €4.5m | ▲ 28.0% |
| Amounts payable17/49 | €21,165 | €52,700 | €34,939 | €98,659 | €2.1m | ▲ 2,011% |
| Amounts payable within one year42/48 | €21,165 | €52,700 | €34,939 | €98,659 | €2.1m | ▲ 2,010% |
| Trade debts44 | €6,681 | €39,885 | €31,031 | €72,005 | €50,433 | ▼ 30.0% |
| Suppliers440/4 | - | €39,885 | €31,031 | €72,005 | €50,433 | ▼ 30.0% |
| Taxes, remuneration and social security45 | - | €12,815 | €3,909 | €26,654 | €31,676 | ▲ 18.8% |
| Taxes450/3 | - | €7,245 | €3,909 | €26,654 | €31,676 | ▲ 18.8% |
| Remuneration and social security454/9 | - | €5,570 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €2.0m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €157 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.0m | €980,079 | €1.1m | €2.1m | €3.0m | ▲ 42.8% |
| + Depreciation and write-downs630 | €16,658 | €17,903 | €10,099 | €53,883 | €64,861 | ▲ 20.4% |
| Operating cash flow (approximation) | €2.0m | €997,983 | €1.1m | €2.1m | €3.0m | ▲ 42.2% |
| Investment in fixed assets (approximation) | - | -€8,537 | -€135,849 | -€300,225 | -€218,000 | ▲ 27.4% |
| Change in cash | - | €996,671 | -€1.1m | €15,539 | €2.0m | ▲ 12,925% |
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
04-06
State Gazette act
General meeting · Other statement
Share class · Capital increase
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Highest result since 2018net €3.0m ▲42.8%
Net result €3.0m, the highest in the series.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity times 85current ratio 108.45
Current ratio from 1.27 to 108.45; short-term debt falls from €1.0m to €21,165.
30-09
Financial
Equity above €2mEq €3.8m ▲111%
4 profitable years in a row build equity to €3.8m.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity doublescurrent ratio 1.43
Current ratio from 0.60 to 1.43; short-term debt falls from €643,805 to €560,823.
Show earlier events
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mol · 1 establishment unit since 2000
Ground area
5,697 m²
Building footprint
464 m²
Volume, LiDAR
870 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Gestelsesteenweg 159, 2450 Meerhout
since 20002.099.895.392
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G1085/00K009 | Flanders | 5,215 m² | 1 · 285 m² | 0.1 m |
| 13462C0684/00F002 | Flanders | 482 m² | 1 · 179 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
- MECHteamHUSourceown accounts 30-09-202549%
According to the annual accounts to 30-09-2025 of S.M.A. and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500OJC9JPDHMKC821
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Company details
Identification
Legal formPublic limited company
Founded20-10-2000
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473094338
Registered
09-12-2025
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.