SMAD
ActiveSMAD has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €-11k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 75% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-88
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.05 against 5.13 in 2024; short-term debt: 20.9% and cash: 64.7% of total assets), and 20.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
79.1%
Return on assets
-17.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
34 d early
2024
33 d early
2023
14 d early
2022
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▼ 43.3%
2024 · €84k
2022: €29k
2023: €69k
2024: €84k
2022 → 2025
Total assets
€61k▼ 40.1%
2024 · €101k
2022: €83k
2023: €129k
2024: €101k
2022 → 2025
Net result
€-11k
2024 · €16k
2022: €26k
2023: €40k
2024: €16k
2022 → 2025
Working capital
€39k▼ 43.6%
2024 · €68k
2022: €-629
2023: €46k
2024: €68k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€29k-€69k▲ 138%€84k▲ 23.0%€48k▼ 43.3%
Operating result€37k-€54k▲ 45.9%€24k▼ 55.9%€-10k
Net result€26k-€40k▲ 53.4%€16k▼ 60.3%€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €24k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€9k▼ 42.1%
Current assets
€51k▼ 39.7%
Equity and liabilities €61k
Equity
€48k▼ 43.3%
Debt
€13k▼ 23.7%
The debt ratio rises from 16.4% to 20.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €30k
Cash flow
€-4k▼
2024 · €23k
Solvency
79.1%▼
2024 · 83.6%
Current ratio
4.05▼
2024 · 5.13
Quick ratio
4.05▼
2024 · 5.13
Debt / equity
0.26▲
2024 · 0.20
ROE
-22.3%▼
2024 · 18.7%
ROA
-17.6%▼
2024 · 15.6%
Interest coverage
-15.42▼
2024 · 129.04
Debt
€13k▼
2024 · €17k
Debt ≤ 1 year
€13k▼
2024 · €17k
Income taxes
€292▼
2024 · €8k
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€101k€61k▼
Fixed assets21/28€16k€9k▼
Tangible fixed assets22/27€16k€9k▼
Furniture and vehicles24€16k€9k▼
Current assets29/58€85k€51k▼
Amounts receivable within one year40/41€22k€11k▼
Trade receivables40€22k€9k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€63k€39k▼
Deferred charges and accrued income490/1€877€1k▲
Equity and liabilities
Total equity and liabilities10/49€101k€61k▼
Equity10/15€84k€48k▼
Contributions10/11€3k€3k=
Reserves13€42k€16k▼
Distributable reserves133€42k€16k▼
Profit (loss) carried forward14€40k€29k▼
Amounts payable17/49€17k€13k▼
Amounts payable within one year42/48€17k€13k▼
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€16k€9k▼
Taxes450/3€16k€9k▼
Other amounts payable47/48€64-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€316€767▲
Gross operating margin9900€31k€-3k▼
Operating profit (loss)9901€24k€-10k▼
Financial charges65/66B€235€220▼
Recurring financial charges65€235€220▼
Profit (loss) for the period before taxes9903€23k€-10k▼
Income taxes67/77€8k€292▼
Profit (loss) for the period9904€16k€-11k▼
Profit (loss) for the period to be appropriated9905€16k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€29k▼
Profit (loss) brought forward from the previous period14P€40k€40k=
Transfer from equity791/2-€26k
Transfer to equity691/2€16k-
To other reserves6921€16k-
Profit to be distributed694/7-€26k
Return on contributions (dividend)694-€26k
The notes to these accounts (4 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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-11k ▼168%
Net result drops to €-11k, the lowest in the series.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity triplescurrent ratio 5.13
Current ratio from 1.76 to 5.13; short-term debt falls from €60k to €17k.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2022net €40k ▲53.4%
Operating result €54k, net result €40k, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Sint-Truiden · 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.
Zepperenweg 1873800 Sint-TruidenGround area
727 m²
Building footprint
262 m²
Volume, LiDAR
1,727 m³
Parcel 71352C0561/00T003, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SMAD
since 20222.326.688.817
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352C0561/00T003 | Flanders | 727 m² | 1 · 262 m² | 10.8 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500A5Y56CZ1C7DF38
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 37,930 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2022
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.