Starting capital
€5,000
SM CONSTRUCT PRO
Overview
Lifetime
1 annual account with figurespeak €142,620 (2025)
€142,620
peak €22,413 (2025)
€22,413
peak €23,413 (2025)
€23,413
€6,870
Board1 name since 2025
1 directorMIGHIREAN Stefan
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Incorporation 18-031 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsPosition in the sector
77.3%
Higher solvency than 82% of companies in fabricated metal products. Sector median 44.2% · 2,343 companies.
2025 accounts filed 31 days after the deadline
Checked score
54
Fair
Financially stronger than 76% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 1.9%lowest value
05-2026: 2.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.5%▲ +0.5 percentage points vs 06-2026
08-2026: 2.5%● unchanged vs 07-2026
09-2026: 2.3%▼ -0.2 percentage points vs 08-2026
10-2026: 2.5%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €142,620, total assets €30,283
Founded in 2025
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 90% of them on solvency, 50% on liquidity and 89% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as SM CONSTRUCT PRO has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of SM CONSTRUCT PRO itself is higher: 2.5% within 12 months. It rests on far more data about SM CONSTRUCT PRO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for SM CONSTRUCT PRO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.08, above the usual 1.5. Short-term debt is 22.7% and cash 8.8% of total assets. 22.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €5,000, 100 shares · Founder: MIGHIREAN Stefan · Appointment: MIGHIREAN Stefan (director and daily management delegate) · published on 18-03-2025 · Gazette deed
First establishment
Victor Hugostraat 223, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SM CONSTRUCT PRO Woluwe-Saint-Lambert | €30,283 | €28,879 | 77.3% | - |
| DBX INDUSTRIALS Comblain-au-Pont | €33,108 | €21,973 | 41.3% | - |
| MKW Concept Seraing | €27,911 | €26,651 | 89.3% | - |
| TVN Technics Boechout | €37,299 | €20,917 | 50.3% | - |
| Deco Steel Heusden-Zolder | €41,117 | €22,985 | 33.7% | - |
| Habo Tech Lokeren | €41,264 | €35,175 | 18.2% | - |
| SteelYourWood Hoeilaart | €38,194 | €18,009 | 40.5% | - |
These companies have the same main activity as SM CONSTRUCT PRO: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €27,900 and €41,300, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 14-03-2025Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 4 others
- Establishment unit
- 2.371.998.9031030 Schaerbeek, since 14-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on SM CONSTRUCT PRO
The computed 12-month bankruptcy probability of SM CONSTRUCT PRO is 2.5% (moderate). The 2025 annual accounts show equity of €23,413 and a net result of €22,413.
Its solvency ranks better than 82% of 2,343 sector peers (NACE 25, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-08-2026, 31 days late€142,620
€28,165
€28,480
€22,728
77.3%
4.08
Money flows
of every €100 of turnover, €15.72 remains as profit in 2025Balance sheet
balance sheet total €30,283 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
77.3%
Higher than 82% of 2,343 companies in 2025.
4.08
Higher than 80% of 2,309 companies in 2025.
74.0%
Higher than 95% of 2,323 companies in 2025.
SM CONSTRUCT PRO
Middle half of the sector
80% of the sector
Micro accounts in fabricated metal products (NACE 25)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
30,283 | |
21/28 |
2,219 | |
22/27 |
2,219 | |
23 |
889 | |
24 |
1,331 | |
29/58 |
28,064 | |
40/41 |
25,388 | |
40 |
848 | |
41 |
24,540 | |
54/58 |
2,676 | |
| Balance sheet: equity and liabilities | ||
10/49 |
30,283 | |
10/15 |
23,413 | |
10/11 |
1,000 | |
14 |
22,413 | |
17/49 |
6,870 | |
42/48 |
6,870 | |
44 |
1,134 | |
440/4 |
1,134 | |
45 |
5,736 | |
450/3 |
5,736 | |
| Income statement | ||
70 |
142,620 | |
9900 |
28,879 | |
60/61 |
114,345 | |
630 |
314 | |
640/8 |
400 | |
9901 |
28,165 | |
65/66B |
16 | |
65 |
16 | |
9903 |
28,149 | |
67/77 |
5,736 | |
9904 |
22,413 | |
9905 |
22,413 | |
| Appropriation of the result | ||
9906 |
22,413 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00480717.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00480717 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 28,480 | ||
| 22,728 | ||
| 2,534 | ||
| 21,194 | ||
| 19.7% | ||
| 77.3% | ||
| 4.08 | ||
| 0.29 | ||
| 95.7% | ||
| 74.0% | ||
| over 100 | ||
| 2 days | ||
| 4 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €2,534 |
| €314 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on SM CONSTRUCT PRO
Debt's share of the balance-sheet total is 22.7%.
Board & ownership
Board
1 director, 1 in day-to-day management, since incorporationDirector (not named in the articles) and daily management delegate
appointed by deed of 18-03-2025
term without a fixed end
Mandates through the years
1 name, the dashed line is todayMIGHIREAN Stefan
Director (not named in the articles) and daily management delegate
Director (not named in the articles) and daily management delegate
LeadershipBoard
Mandates as a list
- MIGHIREAN Stefan
- Director (not named in the articles) and daily management delegate, appointed by deed of 18-03-2025, still in office
- Director (not named in the articles) and daily management delegate, appointed by deed of 18-03-2025, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €234 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 18-03-2025 (in French)- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 18-03-2025 ↗
- MIGHIREAN Stefan sole founder · 100% at incorporation
Capital transactions
Capital over time
- 18-03-2025 Incorporation · €5,000
- 18-03-2025 Incorporation · €5,000 · 100 shares
Network & group
No group
SM CONSTRUCT PRO has no parent and no holdings in its annual accounts. MIGHIREAN Stefan is the only director. SM CONSTRUCT PRO shares no director with another company.
At the same address
Kerselarenlaan 107, 1200 Woluwe-Saint-Lambert · 3 other companies| Popescu, Ion (sole trader)
establishment since 24-06-2026 |
founded in 2026 1039.522.670 |
| EPS Company
establishment since 24-04-2026 |
founded in 2026 1037.277.517 |
| Puşca, Ştefan (sole trader)
establishment since 03-01-2024 |
founded in 2024 1003.837.756 |
Timeline
Timeline
3 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
IncorporationFounding capital of €5,000, 100 shares · Founder: MIGHIREAN Stefan · Appointment: MIGHIREAN Stefan (director and daily management delegate) · published on 18-03-20255 points ▸
- Founding capital, €5,000
- Founder, MIGHIREAN Stefan
- Founding capital, €5,000, 100 shares
- Registered office clause, avenue des Cerisiers 107, 1200 Woluwe-Saint-Lambert
- Director appointment, MIGHIREAN Stefan (director (not named in the articles) and daily management delegate)
- The deed holds 6 more points.
First establishment Victor Hugostraat 223, Schaerbeek
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1021.038.925
- VAT number
- BE 1021.038.925
- Peppol ID
- 0208:1021038925
- Other Peppol ID
- 9925:BE1021038925
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-03-2025
- Financial year
- ends on 31 December
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SM CONSTRUCT PRO in French
- Entity type
- Legal entity
Activities
NACEBEL 202525110
Manufacture of metal structures and parts of structures main activity
43120
Site preparation
43230
Insulation installation
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Laventeetachat,l'importetexport,nationaletinternationaletgénéralementlecommercedetousproduits,matériauxetmatériels,outillages,enlienavecsono…”deed of 18-03-2025 (in French)
3 activities
- Laventeetachat,l'importetexport,nationaletinternationaletgénéralementlecommercedetousproduits,matériauxetmatériels,outillages,enlienavecsonobjetsocial.
- L'achat,lavente,lalocation,lapriseàbail,larénovationetlatransformationdetoutimmeubleet,d'unemanièregénérale,toutesopérationsimmobilières.
- Touteactivitéenrapportavecl'entreprisegénéraledeconstruction,travauxtantpublicsqueprivés,ainsiquetoutestransformationsayantunlienquelconqueaveclaconstructiondont,entreprisegénéraledeconstructionaveccoordinationdestravauxparsous-traitants,terrassements,maçonnerieetbéton,démolition,posed'égouts,couverturesnonmétalliquesdeconstruction,zinguerieetcouverturemétalliquedeconstruction,étanchéitédebâtiments,installateurélectricien,menuiserieetcharpente,posed parquets,menuiserieenPVC,placementdeserrurerieetdequincailleriedubâtiment,carrelage,placementdeplinthesetportesenmatièresplastiques,placementdevoletsenbois,enmatièresplastiquesetmétalliques,posed eclois onsetfauxplafondsenboiseten gyprocetélémentsdeplâtre,recouvrementdemursetplafondsparapplicationd'élémentsmétalliques,placementdeferronnerie,posedemarbrerieetdepierredetaille,vitrage,sanitaireetplomberie,installationd'adoucisseursd'eau,installateurenchauffagecentral,chauffageaugazparappareilindividuel,placement,entretienetréparationdetousbrûleurs,installationdeventilationetaérationdechauffageàairchaud,deconditionnementd'airetdecalorifugeagedestuyauteriesetdescanalisations,tubagedecheminées,carrelage,plafonnage,rejointoyage,posed echapes,peintures,restaurationetlenettoyageetlavagedebâtiments,façadesetmonuments,isolationsthermiqueetacoustique,placardsetcuisin eséquipées,frigoriste,enseigneslumineuses,aménagementetent retiendeterrainsdiversdeparcsetjardins,deterrainsdesports,placementdeclôturesetpalissadesettoutesactivitésgénéralementquelconquesàcaractèreimmobilier.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kerselarenlaan 107 registered office 1200 Woluwe-Saint-Lambert | ||
| Victor Hugostraat 223 1030 Schaerbeek 2511001 Manufacture of metal structures and parts of structures | 14-03-2025 | 2.371.998.903 |
Buildings and parcels at the addresses
- Ground area
- 412 m²
- Buildings
- 259 m²
- Volume, LiDAR
- 3,550 m³
- Tallest building
- 17.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21905C0150/00R007 | 299 m² | 1 · 182 m² | 17.2 m · 5 |
| 21673D0151/00Z004 | 113 m² | 1 · 78 m² | 14.6 m · 4 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1021.038.925