SKM
ActiveSummary
SKM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €261k and a net result of €89k. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+16
Solvency83▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 4.27 against 4.96 in 2024; short-term debt: 18.5% and cash: 49.4% of total assets), and 42.3% of the assets are financed with debt.
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Signals
Five 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
57.7%
Return on assets
19.6%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
30 d early
2022
5 d early
2021
2 d early
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€261k▲ 12.9%
2024 · €231k
Total assets
€452k▲ 4.7%
2024 · €432k
Net result
€89k▲ 205%
2024 · €29k
Working capital
€273k▲ 22.6%
2024 · €223k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€46k▲ 229%€106k▲ 129%€74k▼ 30.4%€43k▼ 41.9%€130k▲ 203%
Net result€41k▲ 380%€76k▲ 86.8%€53k▼ 30.4%€29k▼ 45.4%€89k▲ 205%
Equity€74k▲ 117%€150k▲ 102%€203k▲ 34.9%€231k▲ 13.9%€261k▲ 12.9%
Total assets€422k▲ 40.6%€468k▲ 10.8%€454k▼ 2.9%€432k▼ 4.9%€452k▲ 4.7%
Debt€348k▲ 30.7%€317k▼ 8.7%€251k▼ 20.8%€201k▼ 20.1%€191k▼ 4.9%
Working capital€-12k▲ 24.8%€96k€169k▲ 76.3%€223k▲ 32.3%€273k▲ 22.6%
Staff (FTE)11.6▲ 60.0%1.2▼ 25.0%1▼ 16.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 203% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €452k
Fixed assets
€95k ▼ 37.8%
Current assets
€357k ▲ 27.8%
Equity and liabilities €452k
Equity
€261k ▲ 12.9%
Debt
€191k ▼ 4.9%
Debt's share of the balance-sheet total falls from 46.5% to 42.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€190k▲
2024 · €105k
Cash flow
€149k▲
2024 · €92k
Current ratio
4.27▼
2024 · 4.96
Quick ratio
4.15▼
2024 · 4.88
Debt to equity
0.73▼
2024 · 0.87
ROE
34.0%▲
2024 · 12.6%
ROA
19.6%▲
2024 · 6.7%
Interest coverage
53.81▲
2024 · 23.11
Debt ≤ 1 year
€84k▲
2024 · €56k
Debt > 1 year
€107k▼
2024 · €144k
Income taxes
€39k▲
2024 · €10k
Staff costs
€21k▼
2024 · €41k
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 | - | - | €5k | - | - | - |
| Remuneration, social security and pensions62 | €24k | €34k | €41k | €41k | €21k | ▼ 47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €64k | €66k | €63k | €61k | ▼ 3.2% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €2k | ▲ 12.2% |
| Non-recurring operating charges66A | €75 | €476 | - | - | €106 | - |
| Gross operating margin9900 | €114k | €205k | €183k | €147k | €213k | ▲ 44.5% |
| Operating profit (loss)9901 | €46k | €106k | €74k | €43k | €130k | ▲ 203% |
| Financial income75/76B | €693 | €1k | €4k | €1k | €1k | ▲ 8.3% |
| Recurring financial income75 | €693 | €1k | €4k | €1k | €1k | ▲ 8.3% |
| Financial charges65/66B | €5k | €6k | €5k | €5k | €4k | ▼ 22.5% |
| Recurring financial charges65 | €5k | €6k | €5k | €5k | €4k | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | €41k | €101k | €73k | €39k | €127k | ▲ 224% |
| Income taxes67/77 | €467 | €25k | €20k | €10k | €39k | ▲ 276% |
| Profit (loss) for the period9904 | €41k | €76k | €53k | €29k | €89k | ▲ 205% |
| Profit (loss) for the period to be appropriated9905 | €41k | €76k | €53k | €29k | €89k | ▲ 205% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €422k | €468k | €454k | €432k | €452k | ▲ 4.7% |
| Fixed assets21/28 | €343k | €276k | €215k | €152k | €95k | ▼ 37.8% |
| Tangible fixed assets22/27 | €343k | €276k | €215k | €152k | €95k | ▼ 37.8% |
| Land and buildings22 | €96k | €50k | €47k | €45k | €42k | ▼ 5.4% |
| Plant, machinery and equipment23 | €89k | €96k | €74k | €48k | €27k | ▼ 43.2% |
| Furniture and vehicles24 | €7k | €12k | €8k | €5k | €3k | ▼ 46.8% |
| Leasing and similar rights25 | €150k | €118k | €86k | €54k | €22k | ▼ 59.2% |
| Current assets29/58 | €79k | €191k | €239k | €279k | €357k | ▲ 27.8% |
| Amounts receivable after more than one year29 | - | €35k | €35k | €35k | €42k | ▲ 20.0% |
| Trade receivables290 | - | €35k | - | - | - | - |
| Other amounts receivable291 | - | - | €35k | €35k | €42k | ▲ 20.0% |
| Stocks and contracts in progress3 | €7k | €28k | €5k | €4k | €10k | ▲ 127% |
| Stocks30/36 | €7k | €28k | €5k | €4k | €10k | ▲ 127% |
| Amounts receivable within one year40/41 | €57k | €65k | €66k | €41k | €45k | ▲ 9.0% |
| Trade receivables40 | €56k | €64k | €65k | €36k | €45k | ▲ 23.3% |
| Other amounts receivable41 | €568 | €488 | €581 | €5k | - | - |
| Current investments50/53 | - | - | - | €35k | €35k | = |
| Cash at bank and in hand54/58 | €15k | €63k | €133k | €162k | €223k | ▲ 37.5% |
| Deferred charges and accrued income490/1 | €811 | €991 | - | €2k | €3k | ▲ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €422k | €468k | €454k | €432k | €452k | ▲ 4.7% |
| Equity10/15 | €74k | €150k | €203k | €231k | €261k | ▲ 12.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €56k | €132k | €184k | €212k | €242k | ▲ 14.1% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €54k | €130k | €184k | €212k | €242k | ▲ 14.1% |
| Amounts payable17/49 | €348k | €317k | €251k | €201k | €191k | ▼ 4.9% |
| Amounts payable after more than one year17 | €249k | €221k | €180k | €144k | €107k | ▼ 25.8% |
| Financial debts170/4 | €249k | €221k | €180k | €144k | €107k | ▼ 25.8% |
| Amounts payable within one year42/48 | €91k | €95k | €71k | €56k | €84k | ▲ 48.4% |
| Current portion of amounts payable after more than one year42 | €46k | €49k | €43k | €37k | €38k | ▲ 2.1% |
| Trade debts44 | €22k | €11k | €4k | €350 | €2k | ▲ 544% |
| Suppliers440/4 | €22k | €11k | €4k | €350 | €2k | ▲ 544% |
| Taxes, remuneration and social security45 | €11k | €31k | €20k | €14k | €43k | ▲ 206% |
| Taxes450/3 | €9k | €29k | €16k | €10k | €36k | ▲ 248% |
| Remuneration and social security454/9 | €2k | €3k | €4k | €4k | €6k | ▲ 81.6% |
| Other amounts payable47/48 | €12k | €4k | €4k | €5k | €1k | ▼ 78.8% |
| Accrued charges and deferred income492/3 | €7k | €710 | €710 | €710 | €710 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €76k | €53k | €29k | €89k | ▲ 205% |
| + Depreciation and write-downs630 | €42k | €64k | €66k | €63k | €61k | ▼ 3.2% |
| Operating cash flow (approximation) | €83k | €140k | €119k | €92k | €149k | ▲ 62.9% |
| Investment in fixed assets (approximation) | - | €3k | €-4k | €0 | €-3k | - |
| Change in cash | - | €48k | €71k | €29k | €61k | ▲ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-09
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- General meeting, 30-06-2026
- Registered-office move, Maalbosstraat 7, 3960 Bree
- Director in office, SNOEKS Kenneth (director)
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €89k ▲205%
Operating result €130k, net result €89k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €203k ▲34.9%
6 profitable years in a row build equity to €203k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.00
Current ratio from 0.87 to 2.00.
31-12
Financial
Equity above €150kEq €150k ▲102%
5 profitable years in a row build equity to €150k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €724 ▼91.8%
Net result drops to €724, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bree · 2 establishment units since 2018
Ground area
5,144 m²
Building footprint
633 m²
Volume, LiDAR
2,534 m³
3 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SKM
since 20182.276.375.610
Kanaalkom 15, 3960 Bree
since 20212.316.509.458
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004B1209/00G000 | Flanders | 3,202 m² | 1 · 280 m² | 9.7 m · 2 fl. |
| 72004B0050/00L007 | Flanders | 1,029 m² | 1 · 226 m² | 4.5 m |
| 72022C0531/00K000 | Flanders | 913 m² | 1 · 127 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,464 companies in sector 25530 we hold annual accounts for 1,655. 1,336 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.