SM CONSTRUCT

Bankruptcy

Private limited company (pre-2019)founded 2011Rue Trieu du Bois 44C, 1430 Rebecq, BelgiumKBO/BCE: BE 0839.959.523

Summary

The KBO register currently lists the legal status of SM CONSTRUCT as open bankruptcy, with no start date. The 2015 annual accounts show equity of €109,089 and a net result of €21,183.

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SM CONSTRUCTBankruptcy

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Open bankruptcy Source: KBO register

The KBO register records a bankruptcy without a date; the last annual accounts are for financial year 2015. A claim can be filed until a year after the judgment. The registry of the enterprise court can tell you who the trustee is and whether the bankruptcy is still open.

Activity

Manufacture of metal structures and parts of structures

NACE 25110

1 site

Size

≈ €150,000turnover 2015, estimated

Equity: €109,089
Profit: €21,183

Turnover estimated from the gross margin

Financial health

Bankruptcy: no score

Structure

1 deed in the Belgian Official Gazette

Signalsraises riskRegister: open bankruptcy2015 accounts filed 30 days lateShow the evidence

Signals

Two signals.

raises risk

The KBO register currently gives the legal situation as open bankruptcy, with no start date.

KBO · legal situation

2015 accounts filed 30 days late

The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 30-08-2016, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 4 filings

Deviation from the deadline

2015

30 days late

2014

89 days late

2013

60 days late

2012

59 days late

← before the deadline after the deadline →

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-08-2016 Annual accounts filedfinancial year 2015 · full…
31-12-2015 Equity above €100,000equity €109,089 ▲24.1%
28-10-2015 Annual accounts filedfinancial year 2014 · full…

Financials · financial year 2015, full format

2015 annual accounts filed late (30 days) Filed on 30 August 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-53100170.

Turnover

€302,461▼ 42.3%

2012 · €524,557

EBIT margin

13.3%▲ 4.9pp

2012 · 8.5%

Net result

€21,183▼ 14.4%

2014 · €24,743

Working capital

€106,756▲ 22.0%

2014 · €87,523

Trend over the years

2012 to 2015, 4 financial years

The operating result has fallen three years in a row; 2015 is 9% below 2014 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€302,461 2013 Operating result€35,471 2015 Net result€21,183 2015

Every figure with its change against the financial year before

favourable unfavourable

Line2012201320142015

Turnover€524,557-€302,461▼ 42.3%

Operating result€44,344-€40,343▼ 9.0%€39,050▼ 3.2%€35,471▼ 9.2%

Net result€28,525-€28,438▼ 0.3%€24,743▼ 13.0%€21,183▼ 14.4%

EBIT margin8.5%-13.3%▲ 4.9pp

Equity€34,725-€63,163▲ 81.9%€87,906▲ 39.2%€109,089▲ 24.1%

Total assets€194,612-€145,387▼ 25.3%€213,281▲ 46.7%€191,428▼ 10.2%

Debt€159,887-€82,224▼ 48.6%€125,375▲ 52.5%€82,339▼ 34.3%

Working capital€30,454-€60,836▲ 99.8%€87,523▲ 43.9%€106,756▲ 22.0%

Staff (FTE)2.6-0.6▼ 76.9%

Balance-sheet composition

2015 in colour, 2014 as the grey bar beneath

Assets €191,428

96.9%

Fixed assets €5,923 ▲ 15×

Current assets €185,505 ▼ 12.9%

Equity and liabilities €191,428

57.0%

43.0%

Equity €109,089 ▲ 24.1%

Debt €82,339 ▼ 34.3%

Debt's share of the balance-sheet total falls from 58.8% to 43.0%. Equity is higher and debt is lower.

Key figures and ratios

2015 value · change against 2014

EBITDA

€38,429▼

2014 · €40,995

Cash flow

€24,141▼

2014 · €26,687

Current ratio

2.36▲

2014 · 1.70

Debt to equity

0.03

ROE

19.4%▼

2014 · 28.1%

ROA

11.1%▼

2014 · 11.6%

Debt ≤ 1 year

€78,749▼

2014 · €125,375

Debt > 1 year

€3,590

Income taxes

€6,672▼

2014 · €8,721

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2015 against 2014 · 24 lines

Balance sheet Code20142015

Assets

Total assets20/58€213,281€191,428▼

Fixed assets21/28€383€5,923▲

Tangible fixed assets22/27€125€5,666▲

Financial fixed assets28€257€257=

Current assets29/58€212,898€185,505▼

Amounts receivable within one year40/41€212,898€185,505▼

Equity and liabilities

Total equity and liabilities10/49€213,281€191,428▼

Equity10/15€87,906€109,089▲

Contributions10/11€6,200€6,200=

Reserves13€1,860€1,860=

Profit (loss) carried forward14€79,846€101,029▲

Amounts payable17/49€125,375€82,339▼

Amounts payable after more than one year17-€3,590

Amounts payable within one year42/48€125,375€78,749▼

Trade debts44€107,551€58,359▼

Income statement Code20142015

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,944€2,958▲

Gross operating margin9900€42,397€41,284▼

Operating profit (loss)9901€39,050€35,471▼

Recurring financial income75€311€204▼

Recurring financial charges65€5,897€7,820▲

Profit (loss) for the period before taxes9903€33,464€27,855▼

Income taxes67/77€8,721€6,672▼

Profit (loss) for the period9904€24,743€21,183▼

Profit (loss) for the period to be appropriated9905€24,743€21,183▼

Line	2012	2013	2014	2015	Change
Turnover70	€524,557	€302,461	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,819	€1,944	€1,944	€2,958	▲ 52.1%
Gross operating margin9900	€101,741	€48,475	€42,397	€41,284	▼ 2.6%
Operating profit (loss)9901	€44,344	€40,343	€39,050	€35,471	▼ 9.2%
Recurring financial income75	€97	€16	€311	€204	▼ 34.6%
Recurring financial charges65	€239	€1,151	€5,897	€7,820	▲ 32.6%
Profit (loss) for the period before taxes9903	€44,203	€39,209	€33,464	€27,855	▼ 16.8%
Income taxes67/77	€15,677	€10,771	€8,721	€6,672	▼ 23.5%
Profit (loss) for the period9904	€28,525	€28,438	€24,743	€21,183	▼ 14.4%
Profit (loss) for the period to be appropriated9905	€28,525	€28,438	€24,743	€21,183	▼ 14.4%

Line	2012	2013	2014	2015	Change
Assets
Total assets20/58	€194,612	€145,387	€213,281	€191,428	▼ 10.2%
Fixed assets21/28	€4,271	€2,327	€383	€5,923	▲ 15×
Tangible fixed assets22/27	€4,014	€2,070	€125	€5,666	▲ 45×
Financial fixed assets28	€257	€257	€257	€257	=
Current assets29/58	€190,341	€143,060	€212,898	€185,505	▼ 12.9%
Amounts receivable within one year40/41	€180,061	€99,303	€212,898	€185,505	▼ 12.9%
Cash at bank and in hand54/58	€10,280	€43,757	-	-	-
Equity and liabilities
Total equity and liabilities10/49	€194,612	€145,387	€213,281	€191,428	▼ 10.2%
Equity10/15	€34,725	€63,163	€87,906	€109,089	▲ 24.1%
Contributions10/11	€6,200	€6,200	€6,200	€6,200	=
Reserves13	€1,860	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	€26,665	€55,103	€79,846	€101,029	▲ 26.5%
Amounts payable17/49	€159,887	€82,224	€125,375	€82,339	▼ 34.3%
Amounts payable after more than one year17	-	-	-	€3,590	-
Amounts payable within one year42/48	€159,887	€82,224	€125,375	€78,749	▼ 37.2%
Trade debts44	€140,192	€63,775	€107,551	€58,359	▼ 45.7%

Line	2012	2013	2014	2015	Change
Profit (loss) for the period9904	€28,525	€28,438	€24,743	€21,183	▼ 14.4%
+ Depreciation and write-downs630	€1,819	€1,944	€1,944	€2,958	▲ 52.1%
Operating cash flow (approximation)	€30,344	€30,382	€26,687	€24,141	▼ 9.5%
Investment in fixed assets (approximation)	-	€0	€0	-€8,499	-
Change in cash	-	€33,477	-	-	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (4)

Financial year	Type	Filed	Reference
31-12-2015	full format	30-08-2016	2016-53100170
31-12-2014	full format	28-10-2015	2015-65800016
31-12-2013	full format	29-09-2014	2014-61800151
31-12-2012	full format	28-09-2013	2013-60700202

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Of the 3,945 active companies whose main activity is manufacture of metal structures and parts of structures (NACE 25110), figures are known for 2,177. 1,648 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

SM CONSTRUCT was incorporated on 3 October 2011.¹ Total assets went from €194,612 in 2012 to €191,428 in 2015.² The KBO register records an open bankruptcy for the company, without a start date.¹

Acts, filings and financial milestones

All 5Financial 1Filings 4

2016

30-08

NBB filing Annual accounts filed

financial year 2015 · full format · 30 days late

2015

31-12

Financial Equity above €100,000equity €109,089 ▲24.1%

A profit in every financial year since 2012 builds equity to €109,089.

28-10

NBB filing Annual accounts filed

financial year 2014 · full format · 89 days late

2014

29-09

NBB filing Annual accounts filed

financial year 2013 · full format · 60 days late

2013

28-09

NBB filing Annual accounts filed

financial year 2012 · full format · 59 days late

Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

0 of 1 deed read

About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Opening faillissement

SM CONSTRUCT is in the KBO register with the legal situation: opening faillissement.

Legal situation: Opening faillissement
Last annual accounts: financial year to 31 December 2015
Legal form: Private limited company (pre-2019)
Active since: 3 October 2011

Official KBO record

Register details

Identification

Legal formPrivate limited company (pre-2019)

Founded03-10-2011

Financial year end31-12

Activities, NACEBEL 2025

25110Manufacture of metal structures and parts of structures

33120Repair and maintenance of machinery

42110Construction of roads and motorways

43120Site preparation

E-invoicing

Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint

Registered office, Rebecq · 1 establishment unit since 2011

registered office establishment The establishment unit on the map

Ground area

1,507 m²

Building footprint

191 m²

2 parcels, Wallonia. Linked by address, not a title deed.

1 establishment unit

SM CONSTRUCT

Rue Trieu du Bois 44, 1430 RebecqManufacture of metal structures and parts of structures

since 2011unit no. 2.203.283.734

2 parcels

Wallonia 2 (100%)

Cadastral parcel	Region	Area	Buildings	Height / floors
25090B0028/00R002	Wallonia	962 m²	1 · 130 m²	-
25090B0040/00P002	Wallonia	545 m²	1 · 62 m²	-

How the parcels are linked

Good to know

Both parcels match the address exactly.