SMA IMMO
ActiveThe annual accounts of SMA IMMO for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €13k and a net result of €-14k. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 14038 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-35
Solvency26▼-2
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.02 against 0.01 in 2024; short-term debt: 32.3% and cash: 0.6% of total assets), and 98.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
1.3%
Return on assets
-1.5%
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 22% of 14038 sector peers (2025).
NBB · sector comparisonPosition among 14038 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
38 d late
2024
74 d late
2023
31 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 52.5%
2024 · €26k
2023: €15k
2024: €26k
2023 → 2025
Total assets
€943k▼ 2.6%
2024 · €968k
2023: €1.02M
2024: €968k
2023 → 2025
Net result
€-14k
2024 · €11k
2023: €5k
2024: €11k
2023 → 2025
Working capital
€-299k▼ 2.9%
2024 · €-290k
2023: €-213k
2024: €-290k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€15k-€26k▲ 71.0%€13k▼ 52.5%
Operating result€19k-€13k▼ 31.2%€50k▲ 277%
Net result€5k-€11k▲ 100%€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 277% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €943k
Fixed assets
€937k▼ 2.8%
Current assets
€6k▲ 42.4%
Equity and liabilities €943k
Equity
€13k▼ 52.5%
Debt
€931k▼ 1.2%
The debt ratio rises from 97.3% to 98.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€131k▲
2024 · €88k
Cash flow
€68k▼
2024 · €86k
Solvency
1.3%▼
2024 · 2.7%
Current ratio
0.02▲
2024 · 0.01
Quick ratio
0.02▲
2024 · 0.01
Debt / equity
74.02▲
2024 · 35.59
ROE
-110.5%▼
2024 · 41.5%
ROA
-1.5%▼
2024 · 1.1%
Interest coverage
2.21▼
2024 · 38.80
Debt
€931k▼
2024 · €942k
Debt ≤ 1 year
€305k▲
2024 · €295k
Debt > 1 year
€626k▼
2024 · €647k
Income taxes
€5k
Staff costs
€36k▲
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€968k€943k▼
Fixed assets21/28€964k€937k▼
Tangible fixed assets22/27€964k€937k▼
Land and buildings22€907k€839k▼
Other tangible fixed assets26€58k€98k▲
Current assets29/58€4k€6k▲
Cash at bank and in hand54/58€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€968k€943k▼
Equity10/15€26k€13k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€16k€3k▼
Amounts payable17/49€942k€931k▼
Amounts payable after more than one year17€647k€626k▼
Financial debts170/4€647k€626k▼
Amounts payable within one year42/48€295k€305k▲
Current portion of amounts payable after more than one year42€51k€53k▲
Trade debts44-€4k
Suppliers440/4-€4k
Taxes, remuneration and social security45€5k€11k▲
Taxes450/3€255€2k▲
Remuneration and social security454/9€4k€9k▲
Other amounts payable47/48€239k€237k▼
Income statement
Code20242025
Remuneration, social security and pensions62€6k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€81k▲
Other operating charges640/8€18k€8k▼
Gross operating margin9900€112k€175k▲
Operating profit (loss)9901€13k€50k▲
Financial charges65/66B€2k€59k▲
Recurring financial charges65€2k€59k▲
Profit (loss) for the period before taxes9903€11k€-9k▼
Income taxes67/77-€5k
Profit (loss) for the period9904€11k€-14k▼
Profit (loss) for the period to be appropriated9905€11k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€3k▼
Profit (loss) brought forward from the previous period14P€5k€16k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
31-12
Financial
Weakest financial yearnet €-14k ▼226%
Net result drops to €-14k, the lowest in the series.
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Highest result since 2023net €11k ▲100%
Net result €11k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wemmel · 1 establishment unit since 2022
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.
Samuel Morselaan 231780 WemmelGround area
916 m²
Building footprint
147 m²
Volume, LiDAR
823 m³
Parcel 22005A0040/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SMA IMMO
since 20222.373.177.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0040/00G000 | Flanders | 916 m² | 1 · 147 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
BELMAS
BE 0436.071.022
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RIM & PARTNERS
BE 0834.033.912
Vorst · Eq €13k
ROWIMO
BE 0881.411.680
Hasselt · Eq €13k
HESTA T.E
BE 0778.938.902
Mons · Eq €13k
BLUE PATRIMONIAL
BE 0460.990.817
Watermaal-Bosvoorde · Eq €13k
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 1,752 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2022
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:maiyas-ar@hotmail.com