SM GROUP
ActiveThe computed 12-month bankruptcy probability of SM GROUP is 2.0% (moderate). The 2024 annual accounts show equity of €21k and a net result of €-342. Equity is growing by ~68.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 6714 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
73
/ 100
Healthy▲ +1 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability30▼-70
Solvency75▲+24
Growth64▲+2
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.53 in 2023), and 49.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
50.3%
Return on assets
-0.8%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-11-2025, 106 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
106 d late
2023
164 d early
2022
47 d early
2021
294 d late
2020
113 d late
2019
328 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€67k▲ 7.1%
2023 · €63k
2019: €65k
2020: €42k
2021: €19k
2022: €63k
2023: €63k
2019 → 2024
EBIT margin
0.2%▼ 21.3pp
2023 · 21.5%
2019: -1.3%
2020: 20.1%
2021: 19.8%
2022: 9.9%
2023: 21.5%
2019 → 2024
Net result
€-342
2023 · €13k
2019: €-1k
2020: €8k
2021: €4k
2022: €6k
2023: €13k
2019 → 2024
Working capital
€2k
2023 · €-15k
2019: €-10k
2020: €-1k
2021: €2k
2022: €-26k
2023: €-15k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€42k-€19k▼ 54.1%€63k▲ 229%€63k▼ 1.2%€67k▲ 7.1%
Equity€-1k-€2k€8k▲ 256%€22k▲ 156%€21k▼ 1.6%
Operating result€8k-€4k▼ 54.8%€6k▲ 64.2%€13k▲ 114%€140▼ 99.0%
Net result€8k-€4k▼ 55.6%€6k▲ 66.8%€13k▲ 117%€-342
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 2024; 2024 is 99% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42k
Fixed assets
€19k▼ 48.2%
Current assets
€23k▲ 32.1%
Equity and liabilities €42k
Equity
€21k▼ 1.6%
Debt
€21k▼ 36.0%
The debt ratio falls from 60.3% to 49.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€9k▼
2023 · €23k
Cash flow
€9k▼
2023 · €22k
Solvency
50.3%▲
2023 · 39.7%
Current ratio
1.10▲
2023 · 0.53
Quick ratio
1.10▲
2023 · 0.53
Debt / equity
0.99▼
2023 · 1.52
ROE
-1.6%▼
2023 · 61.0%
ROA
-0.8%▼
2023 · 24.2%
Interest coverage
18.74▼
2023 · 82.75
Debt
€21k▼
2023 · €33k
Debt ≤ 1 year
€21k▼
2023 · €33k
Staff costs
€7k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€54k€42k▼
Fixed assets21/28€37k€19k▼
Tangible fixed assets22/27€37k€19k▼
Furniture and vehicles24€37k€19k▼
Financial fixed assets28€78€78=
Current assets29/58€18k€23k▲
Amounts receivable within one year40/41€14k€15k▲
Trade receivables40€4k€8k▲
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€54k€42k▼
Equity10/15€22k€21k▼
Contributions10/11€10k€10k=
Capital10€10k€10k=
Issued capital100€19k€19k=
Uncalled capital101€9k€9k=
Profit (loss) carried forward14€12k€11k▼
Amounts payable17/49€33k€21k▼
Amounts payable within one year42/48€33k€21k▼
Other amounts payable47/48€33k€21k▼
Income statement
Code20232024
Turnover70€63k€67k▲
Goods, raw materials, services and sundry goods60/61€38k€45k▲
Remuneration, social security and pensions62-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€2k€6k▲
Gross operating margin9900€25k€22k▼
Operating profit (loss)9901€13k€140▼
Financial charges65/66B€273€483▲
Recurring financial charges65€273€483▲
Profit (loss) for the period before taxes9903€13k€-342▼
Profit (loss) for the period9904€13k€-342▼
Profit (loss) for the period to be appropriated9905€13k€-342▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€11k▼
Profit (loss) brought forward from the previous period14P€-2k€12k▲
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
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 106 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 1.10
Current ratio from 0.53 to 1.10; short-term debt falls from €33k to €21k.
18-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €13k ▲117%
Operating result €13k, net result €13k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
21-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 294 days late
2021
21-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 113 days late
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 328 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Sint-Genesius-Rode · 1 establishment unit since 2017
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.
Waterloose Steenweg 2001640 Sint-Genesius-RodeGround area
1.1 ha
Building footprint
2,058 m²
Volume, LiDAR
28,542 m³
2 parcels, Brussels, Flanders · tallest building 23.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
SM GROUP
since 20172.264.277.532
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00Z025 | Flanders | 7,308 m² | 1 · 1,453 m² | 23.0 m · 4 fl. |
| 21006A0297/00Y000 | Brussels | 3,540 m² | 1 · 605 m² | 23.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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BE 0729.922.822
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SHL SERVICES
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DANYTAX
BE 0425.856.229
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GUIFTAR
BE 0696.768.024
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Of 956 companies in sector 49310 we hold annual accounts for 478. 339 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2017
Fiscal year end31-12
Activities, NACEBEL
49310Scheduled passenger transport by road
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.
Contact details
2 entriesE-mail:smgroupsprl@gmail.com
Phone:0474/41.43.93