S.M. GROUP
InactiveS.M. GROUP was declared bankrupt on 04-05-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 16-09-2025, published in the Belgian State Gazette on 10-11-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2019
84 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€39k
EBIT margin
-67.8%
Net result
€59k
2019 · €-24k
2019: €-24k
2019 → 2021
Working capital
€6k
2019 · €-29k
2019: €-29k
2019 → 2021
Multi-year overview
Available amounts per fiscal year
Line20192021Trend
Turnover€39k-
Equity€-24k-€12k
Operating result€-26k-€59k
Net result€-24k-€59k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €59k in 2021, compared with €-26k in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €24k
Fixed assets
€11k▲ 123%
Current assets
€13k▲ 94.0%
Equity and liabilities €24k
Equity
€12k
Debt
€12k
Debt finances 50.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€62k▲
2019 · €-26k
Cash flow
€62k▲
2019 · €-24k
Solvency
49.5%▲
2019 · -203.5%
Current ratio
1.70▲
2019 · 0.19
Quick ratio
1.70▲
2019 · 0.19
Debt / equity
1.02
ROE
486.3%
ROA
240.9%▲
2019 · -203.5%
Interest coverage
334.54
Debt
€12k▼
2019 · €36k
Debt ≤ 1 year
€8k▼
2019 · €36k
Debt > 1 year
€4k
Staff costs
€7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2019
Balance sheet
Code20192021
Assets
Total assets20/58€12k€24k▲
Fixed assets21/28€5k€11k▲
Tangible fixed assets22/27€705€6k▲
Furniture and vehicles24-€6k
Financial fixed assets28€4k€5k▲
Current assets29/58€7k€13k▲
Amounts receivable within one year40/41€2k€3k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€5k€11k▲
Equity and liabilities
Total equity and liabilities10/49€12k€24k▲
Equity10/15€-24k€12k▲
Contributions10/11-€19k
Profit (loss) carried forward14€-24k€-7k▲
Amounts payable17/49€36k€12k▼
Amounts payable after more than one year17-€4k
Financial debts170/4-€4k
Amounts payable within one year42/48€36k€8k▼
Trade debts44€3k-
Taxes, remuneration and social security45-€8k
Taxes450/3-€3k
Remuneration and social security454/9-€5k
Income statement
Code20192021
Turnover70€39k-
Non-recurring operating income76A-€66k
Remuneration, social security and pensions62-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€352€3k▲
Other operating charges640/8-€877
Gross operating margin9900€-10k€70k▲
Operating profit (loss)9901€-26k€59k▲
Recurring financial income75€2k-
Financial charges65/66B-€186
Recurring financial charges65€171€186▲
Profit (loss) for the period before taxes9903€-24k€59k▲
Profit (loss) for the period9904€-24k€59k▲
Profit (loss) for the period to be appropriated9905€-24k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-7k
Profit (loss) brought forward from the previous period14P-€-65k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · S.M. GROUP BVBA HEISTRAAT 34, 2610 WILRIJK (ANTWERPEN) · event 16-09-2025
2023
10-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · S.M. GROUP BVBA HEI- STRAAT 34, 2610 WILRIJK (ANTWERPEN) · event 04-05-2023
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 1.70
Current ratio from 0.19 to 1.70; short-term debt falls from €36k to €8k.
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NATHALIE VERMEERSCH PLANTINKAAI 10/21,
2000 ANTWERPEN 1 |
04-05-2023 → present |