SFM
ActiveSFM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €120. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 13071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
74
/ 100
Healthy▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-97
Solvency72▲+12
Growth55▼-17
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.33 in 2024), and 59.5% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
40.5%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
8 d early
2023
17 d early
2022
13 d early
2021
22 d early
2020
25 d early
2019
13 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€174k▲ 1,721%
2020 · €10k
2020: €10k
2020 → 2021
EBIT margin
24.1%▲ 277.2pp
2020 · -253.1%
2020: -253.1%
2020 → 2021
Net result
€120▼ 99.2%
2024 · €15k
2018: €1k
2019: €6k
2020: €-25k
2021: €29k
2022: €16k
2023: €2k
2024: €15k
2018 → 2025
Working capital
€14k▲ 2.5%
2024 · €14k
2018: €34k
2019: €41k
2020: €-16k
2021: €11k
2022: €-2k
2023: €6k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€174k-
Equity€41k-€21k▼ 49.7%€21k▲ 0.8%€21k▲ 2.4%€21k▲ 0.6%
Operating result€42k-€25k▼ 39.4%€4k▼ 84.1%€27k▲ 571%€5k▼ 80.9%
Net result€29k-€16k▼ 44.8%€2k▼ 89.0%€15k▲ 779%€120▼ 99.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€7k▼ 3.2%
Current assets
€46k▼ 18.4%
Equity and liabilities €53k
Equity
€21k▲ 0.6%
Debt
€31k▼ 25.4%
The debt ratio falls from 66.5% to 59.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€7k▼
2024 · €35k
Cash flow
€2k▼
2024 · €23k
Solvency
40.5%▲
2024 · 33.5%
Current ratio
1.46▲
2024 · 1.33
Quick ratio
1.38▲
2024 · 1.33
Debt / equity
1.47▼
2024 · 1.98
ROE
0.6%▼
2024 · 73.2%
ROA
0.2%▼
2024 · 24.5%
Interest coverage
11.67▼
2024 · 61.36
Debt
€31k▼
2024 · €42k
Debt ≤ 1 year
€31k▼
2024 · €42k
Income taxes
€5k▼
2024 · €11k
Staff costs
€22k▼
2024 · €30k
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€63k€53k▼
Fixed assets21/28€7k€7k▼
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24-€2k
Financial fixed assets28€2k-
Current assets29/58€56k€46k▼
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€21k€19k▼
Trade receivables40-€1k
Other amounts receivable41€21k€18k▼
Cash at bank and in hand54/58€35k€24k▼
Equity and liabilities
Total equity and liabilities10/49€63k€53k▼
Equity10/15€21k€21k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€710€829▲
Amounts payable17/49€42k€31k▼
Amounts payable within one year42/48€42k€31k▼
Trade debts44€709€4k▲
Suppliers440/4€709€4k▲
Taxes, remuneration and social security45€26k€27k▲
Taxes450/3€25k€25k=
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€15k-
Income statement
Code20242025
Remuneration, social security and pensions62€30k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€1k▼
Other operating charges640/8€6k€14k▲
Gross operating margin9900€71k€43k▼
Operating profit (loss)9901€27k€5k▼
Financial income75/76B€10€509▲
Recurring financial income75€10€509▲
Financial charges65/66B€564€568▲
Recurring financial charges65€564€568▲
Profit (loss) for the period before taxes9903€26k€5k▼
Income taxes67/77€11k€5k▼
Profit (loss) for the period9904€15k€120▼
Profit (loss) for the period to be appropriated9905€15k€120▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€829▼
Profit (loss) brought forward from the previous period14P€215€710▲
Profit to be distributed694/7€15k-
Return on contributions (dividend)694€15k-
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-25k ▼507%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lier · 1 establishment unit since 2020
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.
Antwerpsestraat 118-1202500 LierGround area
319 m²
Building footprint
246 m²
Volume, LiDAR
1,708 m³
Parcel 12021G0035/00C000, Flanders · tallest building 16.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Lumina
since 20202.305.883.802
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12021G0035/00C000 | Flanders | 319 m² | 1 · 246 m² | 16.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteLier2.305.883.802
Similar companies · same sector, comparable size
TABLE A THE
BE 0480.263.826
Liège · Eq €21k
DAVYANIS
BE 0692.627.708
Court-Saint-Etienne · Eq €21k
NO LIMIT RENOVATION
BE 0775.712.562
Vilvoorde · Eq €21k
PIZZA NAPOLI
BE 0861.713.356
Brussel · Eq €21k
SFZZ
BE 0464.692.554
Sint-Niklaas · Eq €21k
Of 21,627 companies in sector 56112 we hold annual accounts for 9,656. 8,022 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2004
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.