SM-GROUP
The computed 12-month bankruptcy probability of SM-GROUP is 9.1% (elevated). The 2024 annual accounts show negative equity (€-5k) and a net result of €-3k. Equity is shrinking by ~143.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 5606 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-5k |
| Net result | €-3k |
| Better than sector | 9% |
| Active | 5 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -114.2% | 19.3% | |
| Net result | €-3k | €4k | |
| Equity | €-5k | €14k | |
| Gross operating margin | €-3k | €52k | |
| Total assets | €4k | €87k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-3k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €4k |
| Equity | €-5k |
| Debt | €9k |
| of which ≤ 1y | €9k |
| of which > 1y | - |
| Working capital | €-5k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.47 |
| Quick ratio | 0.47 |
| Working capital ratio | -114.2% |
| Solvency | -114.2% |
| Debt / equity | -1.88 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -71.5% |
| ROE | 62.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4k |
| Current assets | 29/58 | €4k |
| Amounts receivable within one year | 40/41 | €713 |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4k |
| Equity | 10/15 | €-5k |
| Contributions / capital | 10/11 | €4k |
| Accumulated profits (losses) | 14 | €-8k |
| Amounts payable | 17/49 | €9k |
| Amounts payable within one year | 42/48 | €9k |
| Income statement | ||
| Gross operating margin | 9900 | €-3k |
| Operating result | 9901 | €-3k |
| Financial charges | 65 | €161 |
| Result before taxes | 9903 | €-3k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-3k |
| Result to be appropriated | 9905 | €-3k |
-
Current03-12-2025 → present
Former directors (1)
-
Former- → 03-12-2025
| NACE primary | Food & beverage service(56112) |
| Legal form | Private limited company(610) |
| Incorporation | 20-05-2021 |
| Status | Active |
| Postal code | 1932 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 21562A0325/00B010 | Brussels | 73 m² | 1 · 67 m² | 16.1 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
15-12-2025 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": null,
"currency": null,
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2025-12-03",
"evidence_quote": "Samir Touil heeft al zijn aandelen overgedragen aan Ourtas Adil met ingang van 03/12/2025.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
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},
"subject_company": {
"kbo": "0768.609.192",
"name_full": "SM-GROUP",
"legal_form": "BV"
}
}05-10-2022 Registered office moved from Zaventem to sint-stevens-woluwe
- Imperiastraat 8, 1930 Zaventem → leuvensesteenweg 246, 1932 sint-stevens-woluwe
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "sint-stevens-woluwe",
"region": null,
"street": "leuvensesteenweg",
"country": "BE",
"postcode": "1932",
"box_number": "1",
"street_number": "246"
},
"old_address": {
"city": "Zaventem",
"region": null,
"street": "Imperiastraat",
"country": "BE",
"postcode": "1930",
"box_number": null,
"street_number": "8"
},
"effective_date": "2022-06-20",
"evidence_quote": "De bijzondere algemen vergadering heeft besloten de maatschappelijke zetel te verplaatsen naar de: leuvensesteenweg 246 bus 1, 1932 sint-stevens-woluwe vanaf 20/06/2022"
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0768.609.192",
"name_full": "SM-GROUP",
"legal_form": "BV"
}
}25-05-2021 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "Imperiastraat 8, 1930 Zaventem",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "BOURZIK Mohamed",
"niss": null,
"address": null
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0.0,
"holder_person_name": "BOURZIK Mohamed",
"is_subscriber_only": true,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 1750.0,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "TOUIL Samir",
"niss": null,
"address": null
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0.0,
"holder_person_name": "TOUIL Samir",
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"n_shares_subscribed": 50,
"amount_subscribed_eur": 1750.0,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 3500.0,
"subject_company": {
"kbo": "0768.609.192",
"name_full": "SM-GROUP",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-05-17",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | SM-GROUP |