S.M.H.
ActiveS.M.H. has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240k and a net result of €23k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+1
Solvency48▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.05 in 2024; short-term debt: 40.9% and cash: 0.4% of total assets), and 76.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.4%
Return on assets
2.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-12-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
19 d early
2023
18 d early
2022
23 d early
2021
22 d early
2020
32 d early
2019
26 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€240k▲ 10.6%
2024 · €217k
2019: €118k
2020: €79k
2021: €175k
2022: €187k
2023: €200k
2024: €217k
2019 → 2025
Total assets
€1.02M▲ 1.0%
2024 · €1.01M
2019: €729k
2020: €1.10M
2021: €1.00M
2022: €1.02M
2023: €997k
2024: €1.01M
2019 → 2025
Net result
€23k▲ 32.4%
2024 · €17k
2019: €10k
2020: €-39k
2021: €96k
2022: €12k
2023: €13k
2024: €17k
2019 → 2025
Working capital
€-395k▼ 11.5%
2024 · €-355k
2019: €-253k
2020: €-338k
2021: €-227k
2022: €-305k
2023: €-311k
2024: €-355k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€175k-€187k▲ 6.9%€200k▲ 6.8%€217k▲ 8.7%€240k▲ 10.6%
Operating result€129k-€20k▼ 84.5%€25k▲ 23.6%€31k▲ 23.8%€37k▲ 19.3%
Net result€96k-€12k▼ 87.5%€13k▲ 6.4%€17k▲ 35.8%€23k▲ 32.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€1.00M▲ 0.6%
Current assets
€23k▲ 22.4%
Equity and liabilities €1.02M
Equity
€240k▲ 10.6%
Provisions
€9k▼ 31.0%
Debt
€776k▼ 1.1%
The debt ratio falls from 77.3% to 75.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77k▲
2024 · €70k
Cash flow
€63k▲
2024 · €56k
Solvency
23.4%▲
2024 · 21.4%
Current ratio
0.06▲
2024 · 0.05
Quick ratio
0.06▲
2024 · 0.05
Debt / equity
3.23▼
2024 · 3.61
ROE
9.6%▲
2024 · 8.0%
ROA
2.2%▲
2024 · 1.7%
Interest coverage
13.05▲
2024 · 10.87
Debt
€776k▼
2024 · €784k
Debt ≤ 1 year
€419k▲
2024 · €374k
Debt > 1 year
€357k▼
2024 · €406k
Income taxes
€12k▲
2024 · €11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€1.02M▲
Fixed assets21/28€995k€1.00M▲
Tangible fixed assets22/27€995k€1.00M▲
Land and buildings22€994k€1.00M▲
Plant, machinery and equipment23€799€449▼
Current assets29/58€19k€23k▲
Amounts receivable within one year40/41€2k€15k▲
Trade receivables40€2k€6k▲
Other amounts receivable41-€8k
Cash at bank and in hand54/58€15k€4k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.01M€1.02M▲
Equity10/15€217k€240k▲
Contributions10/11€6k€6k=
Reserves13€138k€126k▼
Tax-exempt reserves132€38k€26k▼
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€73k€108k▲
Provisions and deferred taxes16€13k€9k▼
Deferred taxes168€13k€9k▼
Amounts payable17/49€784k€776k▼
Amounts payable after more than one year17€406k€357k▼
Financial debts170/4€404k€354k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€374k€419k▲
Current portion of amounts payable after more than one year42€49k€50k▲
Trade debts44€7k€41k▲
Suppliers440/4€7k€41k▲
Taxes, remuneration and social security45€12k€2k▼
Taxes450/3€12k€2k▼
Other amounts payable47/48€307k€325k▲
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€40k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€77k€86k▲
Operating profit (loss)9901€31k€37k▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€24k€31k▲
Transfer from deferred taxes780€4k€4k▼
Income taxes67/77€11k€12k▲
Profit (loss) for the period9904€17k€23k▲
Transfer from tax-exempt reserves789€12k€12k▼
Profit (loss) for the period to be appropriated9905€30k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€101k€108k▲
Profit (loss) brought forward from the previous period14P€71k€73k▲
Transfer to equity691/2€28k-
To other reserves6921€28k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €200kEq €217k ▲8.7%
4 profitable years in a row build equity to €217k.
13-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €96k
Net result €96k after one loss-making year.
30-06
Financial
Equity above €150kEq €175k ▲121%
Equity rises from €79k to €175k.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-39k ▼488%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
05-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Registered office, Rumst · 1 establishment unit since 2010
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.
Pieter Pauwel Rubenslaan 142840 RumstGround area
600 m²
Building footprint
172 m²
Volume, LiDAR
985 m³
Parcel 11036D0148/00P000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.M.H.
since 20102.188.897.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036D0148/00P000 | Flanders | 599 m² | 1 · 172 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EMMACON
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GFC IMMO
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IMMO RUEDELYS
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RP-BARVAUX
BE 1018.380.333
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Pozor
BE 0426.192.759
Lint · Eq €240k
Of 12,016 companies in sector 68203 we hold annual accounts for 5,983. 4,324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2010
Fiscal year end30-06
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
41001General construction of residential buildings
43422Screed work
43910Bricklaying and masonry work
43990Other specialised construction activities
43992Specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.