SM2 Group
ActiveSummary
SM2 Group has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €4k. Equity is shrinking by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+91
Solvency4▲+4
Growth58=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17; short-term debt: 121.4% and cash: 18.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-21.4%
Return on assets
17.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2318 sector peers (2025).
NBB · sector comparisonPosition among 2318 sector peers
Solvency
better than 19%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
30 d late
2022
39 d early
2021
45 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k▲ 45.2%
2024 · €-8k
Total assets
€20k▲ 836%
2024 · €2k
Net result
€4k
2024 · €-3k
Working capital
€-20k▼ 158%
2024 · €-8k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-9k-€-4k▲ 49.8%€-1k▲ 67.9%€-3k▼ 126%€4k
Net result€-9k-€-4k▲ 49.0%€-2k▲ 65.6%€-3k▼ 114%€4k
Equity€1k-€-3k€-5k▼ 49.9%€-8k▼ 71.2%€-4k▲ 45.2%
Total assets€5k-€876▼ 82.0%€1k▲ 45.9%€2k▲ 66.5%€20k▲ 836%
Debt€4k-€4k▲ 11.5%€6k▲ 49.0%€10k▲ 70.2%€24k▲ 144%
Working capital€1k-€-3k€-5k▼ 49.9%€-8k▼ 71.2%€-20k▼ 158%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €3k in 2024, the highest result in the available series.
Balance-sheet composition
Assets €20k
Fixed assets
€16k
Current assets
€4k
Key figures and ratios
EBITDA
€4k
Cash flow
€4k
Solvency
-21.4%
Current ratio
0.17
Debt to equity
-5.66
ROA
17.7%
Interest coverage
11.08
Debt ≤ 1 year
€24k▲
2024 · €10k
Staff costs
€560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €26 | - | €560 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €113 | - |
| Other operating charges640/8 | - | €102 | €109 | €183 | €120 | ▼ 34.4% |
| Gross operating margin9900 | €-9k | €-4k | €-1k | €-3k | €5k | ▲ 259% |
| Operating profit (loss)9901 | €-9k | €-4k | €-1k | €-3k | €4k | ▲ 224% |
| Financial income75/76B | €0 | €3 | €0 | €2 | €8 | ▲ 380% |
| Recurring financial income75 | €0 | €3 | €0 | €2 | €8 | ▲ 380% |
| Financial charges65/66B | €70 | €106 | €135 | €131 | €360 | ▲ 175% |
| Recurring financial charges65 | €70 | €106 | €135 | €131 | €360 | ▲ 175% |
| Profit (loss) for the period before taxes9903 | €-9k | €-4k | €-2k | €-3k | €4k | ▲ 209% |
| Profit (loss) for the period9904 | €-9k | €-4k | €-2k | €-3k | €4k | ▲ 209% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-4k | €-2k | €-3k | €4k | ▲ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5k | €876 | €1k | €2k | €20k | ▲ 836% |
| Fixed assets21/28 | - | - | - | - | €16k | - |
| Tangible fixed assets22/27 | - | - | - | - | €13k | - |
| Land and buildings22 | - | - | - | - | €7k | - |
| Plant, machinery and equipment23 | - | - | - | - | €6k | - |
| Financial fixed assets28 | - | - | - | - | €3k | - |
| Current assets29/58 | €5k | €876 | €1k | €2k | €4k | ▲ 91.3% |
| Stocks and contracts in progress3 | €2k | - | - | - | - | - |
| Stocks30/36 | €2k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2k | €561 | €865 | €2k | €355 | ▼ 83.2% |
| Trade receivables40 | €2k | €435 | €641 | €1k | - | - |
| Other amounts receivable41 | - | €126 | €224 | €973 | €355 | ▼ 63.5% |
| Cash at bank and in hand54/58 | €981 | €316 | €414 | €9 | €4k | ▲ 39,141% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5k | €876 | €1k | €2k | €20k | ▲ 836% |
| Equity10/15 | €1k | €-3k | €-5k | €-8k | €-4k | ▲ 45.2% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Outside capital11 | - | - | €10k | - | - | - |
| Other1109/19 | - | - | €10k | - | - | - |
| Profit (loss) carried forward14 | €-9k | €-13k | €-15k | €-18k | €-14k | ▲ 19.8% |
| Amounts payable17/49 | €4k | €4k | €6k | €10k | €24k | ▲ 144% |
| Amounts payable within one year42/48 | €4k | €4k | €6k | €10k | €24k | ▲ 144% |
| Trade debts44 | €3k | - | €606 | €338 | €5k | ▲ 1,231% |
| Suppliers440/4 | €3k | - | €606 | €338 | €5k | ▲ 1,231% |
| Taxes, remuneration and social security45 | €862 | - | - | €93 | €1k | ▲ 1,365% |
| Taxes450/3 | €862 | - | - | €93 | €1k | ▲ 1,365% |
| Other amounts payable47/48 | - | €4k | €5k | €9k | €18k | ▲ 93.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-4k | €-2k | €-3k | €4k | ▲ 209% |
| + Depreciation and write-downs630 | - | - | - | - | €113 | - |
| Operating cash flow (approximation) | €-9k | €-4k | €-2k | €-3k | €4k | ▲ 212% |
| Change in cash | - | €-666 | €98 | €-404 | €4k | ▲ 1,017% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Nijlen · 1 establishment unit since 2021
Ground area
975 m²
Building footprint
144 m²
Volume, LiDAR
536 m³
Parcel 12018A0247/00C002, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SM2 Group
since 20212.319.240.405
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018A0247/00C002 | Flanders | 975 m² | 1 · 144 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 117 EUR awarded · 117 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 117 EUR | 117 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,294 companies in sector 93110 we hold annual accounts for 1,495. 161 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
47241Retail sale of bread and pastry (bakery outlets)
56112Limited-service restaurants, excluding mobile food services
56210Event catering
82990Other business support services
85599Other education
96220Beauty care and other beauty treatments
Scores and ratios are computed by Checked and are not a credit decision.