Equity
-€6,192
Debts exceed assets in financial year 2025.
SM-GROUP
Lifetime
4 annual accounts with figures on one time axispeak €868 (2022)
-€1,024▲ €1,916
lowest -€5,727 (2023)
-€1,239▲ €1,862
peak €374 (2022)
-€6,192▼ €1,239
€10,425▲ 12.2%
Board2 names since 2021
1 directorOurtas Adil
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from -€2,940 to -€1,024Loss of €1,239Resignation: Bourzik Mohamed (director) 15-12Equity from -€4,953 to -€6,192
Key points
from the 2025 annual accountsLosses
-€10,066 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 0 to 62 days before the end of the period.
At the same address
682 companies
Board
1 joined · 1 left
Board changed. Latest change 03-12-2025 · 1 in office.
Position in the sector
-146.3%
Lower solvency than 91% of companies in food and beverage service. Sector median 29.5% · 17,145 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 22% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%highest value
01-2025: 2.1%▼ -0.5 percentage points vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.0%▼ -0.1 percentage points vs 03-2025
05-2025: 2.1%▲ +0.1 percentage points vs 04-2025
06-2025: 2.1%● unchanged vs 05-2025
07-2025: 2.3%▲ +0.2 percentage points vs 06-2025
08-2025: 2.1%▼ -0.2 percentage points vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 1.9%▼ -0.2 percentage points vs 03-2026
05-2026: 2.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▼ -0.4 percentage points vs 07-2026
09-2026: 1.7%● unchanged vs 08-2026lowest value
10-2026: 1.7%● unchanged vs 09-2026lowest value
11-2026: 1.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Negative equity -€6,192
lowers risk
Liquidity: current ratio 0.41, cash €2,646
Size: total assets €4,233
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 56, micro). It does better than 9% of them on solvency, 49% on liquidity, 8% on profitability and 23% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 6,008 companies had the same profile as SM-GROUP has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SM-GROUP itself: 1.7% within 12 months.
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 6,008 companies, not a prediction for SM-GROUP. 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
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€6,192
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 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 day early
2024
on the day
2023
55 days early
2022
62 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 30 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Ourtas Adil 50%deed of 15-12-2025
- Bourzik Mohamed 50%deed of 15-12-2025
Recent changes
Resignation: Bourzik Mohamed (director)
Transfer of shares from Samir Touil to Ourtas Adil · Appointment: Ourtas Adil (director) · Ourtas Adil holds 50% of the shares · General meeting of 03-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0768609192
Registered office moved from Zaventem to sint-stevens-woluwe
New registered office: leuvensesteenweg 246 bus 1, 1932 sint-stevens-woluwe · Previous registered office: Imperiastraat 8, 1930 Zaventem · General meeting of 20-06-2022 · Gazette deed
Incorporation
Founding capital of €3,500, 100 shares · Founders: BOURZIK Mohamed and TOUIL Samir · Appointment: BOURZIK Mohamed (statutory director) · published on 25-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SM-GROUP Zaventem | €4,233 | -€1,024 | -146.3% | - |
| Hulu Bros Antwerp | €4,018 | -€15,253 | -22.7% | - |
| IMAA Molenbeek-Saint-Jean | €4,717 | -€3,566 | -98.8% | - |
| SO MASH Ganshoren | €4,879 | €720 | -244.4% | - |
| LE TABOO Charleroi | €3,863 | -€18,770 | -2068.2% | - |
| DANCOT GROUP Wezembeek-Oppem | €4,145 | €507 | 25.8% | - |
| Eden Blue Waterloo | €3,309 | -€24,496 | -1518.1% | - |
These companies have the same main activity as SM-GROUP: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €3,310 and €4,880, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 20-05-2021Normal situation
- Registered office
- 684 active companies are registered at this address137 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 2 others
- Establishment unit
- 2.327.822.7271060 Sint-Gillis (bij-Brussel), since 20-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2024
Annual accounts 2025
- €4,233▼ 2.4%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on SM-GROUP
SM-GROUP files the micro format. That format states no turnover. The gross margin fell from €868 in 2022 to -€1,024 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SM-GROUP
- What is the company number of SM-GROUP?
- The company number of SM-GROUP is 0768.609.192. The VAT number is the same number with BE in front: BE 0768.609.192.
- Where is SM-GROUP based?
- The registered office is at Leuvensesteenweg 246, 1932 Zaventem.Company details
- What does SM-GROUP do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of SM-GROUP?
- SM-GROUP is a private limited company (BV).
- When was SM-GROUP founded?
- SM-GROUP was founded on 20-05-2021.
- Is SM-GROUP still active?
- Yes, SM-GROUP is an active enterprise in the KBO register.
- What is the turnover of SM-GROUP?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SM-GROUP profitable?
- In financial year 2025, SM-GROUP made a loss of €1,239.
- Where can I find the annual accounts of SM-GROUP?
- SM-GROUP filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SM-GROUP due?
- SM-GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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