SM4I
ActiveSummary
SM4I has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,694 and a net result of €45,244. Equity is growing by about 35% per year across the filed financial years. Its solvency ranks better than 74% of 16,750 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Equity
- €100,694
- Profit
- €45,244
Why 84raises riskLiquidity: current ratio 1.42, cash €165, halvedSize: total assets €161,283lowers riskSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 73% on solvency, 25% on liquidity, 95% on profitability and 90% on growth.
The bankruptcy probability was computed on 13-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 19 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: JANQUART Thomas (manager)Appointment: JANQUART Thomas (director) ·…
- Highest result from 2018 to 2025net €45,244 ▲171%
Financials · financial year 2025, micro format
2025 annual accounts filed late (25 days) Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00422938.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 173% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €1,416 | €46,283 | ▲ 3,169% |
| Other operating charges640/8 | - | - | - | €3,729 | €1,839 | €1,396 | €2,975 | €959 | ▼ 67.8% |
| Gross operating margin9900 | -€4,935 | €27,434 | -€3,576 | €18,174 | -€17,526 | €32,325 | €27,181 | €109,358 | ▲ 302% |
| Operating profit (loss)9901 | -€5,715 | €26,847 | -€5,649 | €14,444 | -€19,365 | €30,928 | €22,790 | €62,116 | ▲ 173% |
| Financial income75/76B | - | - | - | €19 | - | - | - | €0 | - |
| Recurring financial income75 | - | - | €8 | €19 | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €135 | €833 | €817 | €847 | €4,053 | ▲ 379% |
| Recurring financial charges65 | €110 | €184 | €207 | €135 | €833 | €817 | €847 | €4,053 | ▲ 379% |
| Profit (loss) for the period before taxes9903 | -€5,825 | €26,663 | -€5,848 | €14,329 | -€20,198 | €30,112 | €21,944 | €58,064 | ▲ 165% |
| Income taxes67/77 | - | €4,500 | €44 | €2,230 | €191 | €2,684 | €5,277 | €12,820 | ▲ 143% |
| Profit (loss) for the period9904 | -€5,825 | €22,163 | -€5,892 | €12,099 | -€20,389 | €27,428 | €16,666 | €45,244 | ▲ 171% |
| Profit (loss) for the period to be appropriated9905 | -€5,825 | €22,163 | -€5,892 | €12,099 | -€20,389 | €27,428 | €16,666 | €45,244 | ▲ 171% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6,920 | €43,923 | €27,744 | €120,783 | €46,060 | €95,943 | €129,289 | €161,283 | ▲ 24.7% |
| Fixed assets21/28 | €42 | €42 | €42 | €42 | €42 | €42 | €247 | €75,247 | ▲ 30,320% |
| Financial fixed assets28 | €42 | €42 | €42 | €42 | €42 | €42 | €247 | €75,247 | ▲ 30,320% |
| Current assets29/58 | €6,878 | €43,880 | €27,701 | €120,740 | €46,018 | €95,901 | €129,042 | €86,036 | ▼ 33.3% |
| Amounts receivable within one year40/41 | - | €857 | €4,470 | €102,828 | €30,366 | €79,958 | €122,221 | €69,831 | ▼ 42.9% |
| Trade receivables40 | - | - | - | €97,506 | €783 | €55,915 | €28,478 | €19,312 | ▼ 32.2% |
| Other amounts receivable41 | - | - | - | €5,322 | €29,583 | €24,043 | €93,743 | €50,520 | ▼ 46.1% |
| Current investments50/53 | - | - | €8,408 | €8,427 | €4,541 | €4,541 | €4,541 | €4,541 | = |
| Cash at bank and in hand54/58 | €6,878 | €43,024 | €137 | €239 | €817 | €1,118 | €428 | €165 | ▼ 61.4% |
| Deferred charges and accrued income490/1 | - | - | - | €9,246 | €10,293 | €10,283 | €1,853 | €11,498 | ▲ 521% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6,920 | €43,923 | €27,744 | €120,783 | €46,060 | €95,943 | €129,289 | €161,283 | ▲ 24.7% |
| Equity10/15 | €375 | €22,538 | €19,646 | €31,744 | €11,355 | €38,783 | €55,449 | €100,694 | ▲ 81.6% |
| Contributions10/11 | €6,200 | €6,200 | - | €9,200 | €9,200 | €9,200 | €9,200 | €9,200 | = |
| Reserves13 | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | -€5,825 | €14,483 | €8,591 | €20,689 | €300 | €27,728 | €44,394 | €89,639 | ▲ 102% |
| Amounts payable17/49 | €6,545 | €21,385 | €8,098 | €89,038 | €34,705 | €57,160 | €73,840 | €60,589 | ▼ 17.9% |
| Amounts payable within one year42/48 | €6,545 | €21,385 | €8,098 | €89,038 | €34,705 | €57,160 | €73,840 | €60,589 | ▼ 17.9% |
| Trade debts44 | €545 | €4,421 | €596 | €40,630 | €3,048 | €2,639 | €4,301 | €15,315 | ▲ 256% |
| Suppliers440/4 | - | - | - | €40,630 | €3,048 | €2,639 | €4,301 | €15,315 | ▲ 256% |
| Taxes, remuneration and social security45 | - | - | - | €14,358 | €4,984 | €28,285 | €36,309 | €45,232 | ▲ 24.6% |
| Taxes450/3 | - | - | - | €14,358 | €4,984 | €28,285 | €34,893 | €39,013 | ▲ 11.8% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €1,416 | €6,219 | ▲ 339% |
| Other amounts payable47/48 | - | - | - | €34,050 | €26,673 | €26,236 | €33,230 | €43 | ▼ 99.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,825 | €22,163 | -€5,892 | €12,099 | -€20,389 | €27,428 | €16,666 | €45,244 | ▲ 171% |
| Operating cash flow (approximation) | -€5,825 | €22,163 | -€5,892 | €12,099 | -€20,389 | €27,428 | €16,666 | €45,244 | ▲ 171% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€205 | -€75,000 | ▼ 36,485% |
| Change in cash | - | €36,146 | -€42,887 | €102 | €578 | €301 | -€691 | -€262 | ▲ 62.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00422938 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00330184 |
| 31-12-2023 | micro format | 07-08-2024 | 2024-00332587 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00374273 |
| 31-12-2021 | micro format | 15-08-2022 | 2022-20287252 |
| 31-12-2020 | micro format | 29-08-2021 | 2021-56000230 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-46900283 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52000097 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JANQUART Thomas |
|
Owners and capital
Capital and shareholders
- 22-04-2026 Converted to unavailable equity · €11,055
- 22-04-2026 Converted to uncalled contributions · €9,350
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
22-04
Gazette deed
Resignation: JANQUART Thomas (manager)Appointment: JANQUART Thomas (director) · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 14-04-2026
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponibles” (deed in French)
- Capital conversion, “compte de capitaux propres 'apports non appelés'” (deed in French)
- Reserve release, “supprimer le compte de capitaux propres statutairement indisponible, ne doit pas être mentionné dans les statuts” (deed in French)
- Capital
- Director resignation, JANQUART Thomas (manager)
- Director appointment, JANQUART Thomas (director (not named in the articles))
- Director discharge, JANQUART Thomas
- Registered office clause, “6230 Pont-à-Celles (Obaix), Rue du Village 28a, Toute communication vers cette adresse par les actionnaires, les titulaires de titres émis par la société et les…” (deed in French)
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 14 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52051C0136/00N000 | Wallonia | 132 m² | 1 · 59 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Gestion d'un patrimoine immobilier, la vente l'échange, l'achat, la construction par la sous traitance, la transformation, la démolition, la…” (deed in French)
28 activities (deed in French)
- Gestion d'un patrimoine immobilier, la vente l'échange, l'achat, la construction par la sous traitance, la transformation, la démolition, la reconstruction, la restauration, l'exploitation directe ou en régie, l'entretien, le développement, l'embellissement, la location, la prise en location, la gérance d'immeubles bâtis ou non, meublés ou non, le lotissement
- L'achat, la vente, l'exploitation, la mise en valeur, la construction, la gestion (notamment dans le cadre de l'activité de syndic), l'exploitation, l'échange, de tous biens immobiliers
- La location ou sous location de biens immobiliers
- Et en général tout ce qui se rattache directement ou indirectement à la promotion immobilière dans son sens le plus large
- La location, la sous-location, l'achat et l'acquisition de tous droits réels ou de la pleine propriété de tout immeuble dans le but soit d'y établir son siège social ou un siège d'exploitation soit d'y loger ses dirigeants et les membres de leur famille à titre de résidence principale ou secondaire en ce compris par sa mise à disposition gratuite au nom de ses dirigeants ou employés et les membres de leur famille
- Toutes activités en rapport direct ou indirect avec, sous toutes ses formes, la gestion, la location, l'exploitation, la mise en valeur, la rentabilisation économique, le regroupement, de son patrimoine immobilier ou mobilier
- Acheter, vendre, en gros ou en détail, et de manière générale, faire le commerce de tous articles, produits ou matériel se trouvant dans le commerce
- Toutes opérations financières généralement quelconques et notamment, toutes opérations de location-financement (leasing)
- Contracter tous emprunts hypothécaires ou non, donner en gage ou en caution, consentir des garanties (hypothécaires), même pour des tiers, les activites de consultant financier et en investissements mobiliers ou immobiliers ainsi que toutes transactions et participations financieres et la fourniture de services et de conseils dans les memes domaines aux particuliers et aux entreprises commerciales et industrielles (exception faite pour les opérations réservées par la loi ou la réglementation aux banques ou aux institutions de crédit)
- Toute forme d'investissement ou placement généralement quelconque
- La fourniture de toutes études, expertises et conseils en toutes matières et notamment en matière d'études de marché, de redressement de sociétés en difficultés, en matière d'investissements, en matière de recherche de personnel, en matière de formation ou d'organisation de la formation des gestionnaires dirigeants ou cadres des entreprises, sociétés ou associations
- La vente, la location, la mise à disposition de tous procédés ou autres droits intellectuels et de tout matériel se rapportant directement ou indirectement aux activités ci-dessus
- La conception et l'organisation d'événements
- La constitution de réseaux d'influence nationaux, régionaux et internationaux
- Toutes opérations quelconques, commerciales, industrielles, financières, mobilières ou immobilières se rapportant directement ou indirectement à des prestations de services en matière de consultance, d'administration et de gestion de sociétés
- Toutes opérations quelconques, commerciales, financières, mobilières ou immobilières se rapportant directement ou indirectement à des prestations de services en matière de consultance, d'administration et de gestion de sociétés
- L'administration et/ou la direction d'autres sociétés ou entreprises et/ou de patrimoines
- Toutes opérations quelconques se rapportant directement ou indirectement à des prestations de services en matière de consultance et de conseils dans le domaine informatique et de gestion
- La fourniture de toutes études et conseils en toutes matières et notamment en matière de solutions informatiques
- La vente, la location, la mise à disposition de tous procédés ou autres droits intellectuels et de tout matériel se rapportant directement ou indirectement aux activités ci-dessus
- Toutes activités en rapport direct ou indirect, en son nom ou pour le compte de tiers, avec le domaine de l'informatique, comprenant l'assistance et le conseil en informatique, l'achat la vente de tout matériel lié directement ou les prestations de services, la création de programme, la commercialisation de programmes et d'une manière générale la société pourra poser tout acte commercial lié à son objet
- La conception, la fabrication, le montage et la réalisation de logiciels informatiques, les prestations de service et conseils dans le domaine informatique, bureautique et mécanographique en général
- L'achat, la vente et la location (tant à l'importation et à l'exportation qu'en Belgique) de tout matériel ou support informatique, bureautique ou mécanographique en général
- Le courtage dans le domaine informatique
- La vente et la consultance de solutions de gestion de la qualité (telles qu'ISO 9001)
- Toutes activités, en Belgique ou à l'étranger, en rapport direct ou indirect avec le domaine de la consultance commercial dans les domaines informatique et technique y compris les études de faisabilités commerciales, les études de marchés et de projets informatiques
- La gestion de la marque et de produits, développés par d’autres sociétés y compris
- La gestion des brevets, développés par d’autres sociétés y compris
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs, agences, ateliers, dépôts et succursales en Belgique ou à l'étranger” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “A défaut d’indication de durée, le mandat sera censé conféré sans limitation de durée, nommés avec ou sans limitation de durée” (deed in French)“Cette rémunération sera portée aux frais généraux, indépendamment des frais éventuels de représentation, voyages et déplacements…” (deed in French)
- Director compensationWhether and how directors are paid for their mandate; the general meeting decides.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Les titulaires d’actions peuvent prendre connaissance de ce registre relatif à leurs titres, Les cessions n’ont d’effet vis-à-vis de la…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Les dispositions du présent article sont applicables dans tous les cas de cessions entre vifs, soit à titre onéreux, soit à titre gratuit…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Libérées à leur émission, En cas d’actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la…” (deed in French)“Courrier électronique, ou, pour les personnes dont elle ne dispose pas d’une adresse électronique, par courrier ordinaire, à envoyer le même…” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Répartition des bénéfices, assemblée générale” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 19:30
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “E-mails, ordre du jour” (deed in French)
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- One provision in the deed
- Meeting procedureHow the meeting runs, from opening to minutes.
- “Séances et procès-verbaux, administrateur ou, à défaut, actionnaire présent qui détient le plus d'actions ou, en cas de parité, le plus âgé” (deed in French)
- Meeting agendaHow the agenda is set and who may add items to it.
- One provision in the deed
- Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
- “Écrite, Procuration” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Chaque action donne droit à une voix, Droit de vote” (deed in French)
- Remote votingWhether shareholders may vote remotely, for example through a website.
- “Vote par écrit, écrit avant l'assemblée générale” (deed in French)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Rééligibles, 3” (deed in French)“Contrôle de la société, 3” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidateurs, si aucun autre liquidateur n'aurait été désigné” (deed in French)
- JurisdictionWhich court has jurisdiction in a dispute about the company.
- “Litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à…” (deed in French)