SMAK
ActiveSMAK has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €740k and a net result of €234k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
99
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+4
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 19.37 against 15.34 in 2024; short-term debt: 5.1% and cash: 73.4% of total assets), and 5.1% 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○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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.9%
Return on assets
29.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
50 d early
2023
51 d early
2022
46 d early
2021
45 d early
2020
44 d early
2019
42 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€291k▲ 263%
2018 · €80k
2018: €80k
2018 → 2019
EBIT margin
55.2%▲ 101.6pp
2018 · -46.4%
2018: -46.4%
2018 → 2019
Net result
€234k▲ 56.3%
2024 · €149k
2018: €-36k
2019: €126k
2020: €36k
2021: €99k
2022: €122k
2023: €154k
2024: €149k
2018 → 2025
Working capital
€735k▲ 17.5%
2024 · €626k
2018: €115k
2019: €242k
2020: €277k
2021: €376k
2022: €504k
2023: €658k
2024: €626k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€385k-€507k▲ 31.7%€661k▲ 30.4%€632k▼ 4.3%€740k▲ 17.1%
Operating result€121k-€169k▲ 40.0%€216k▲ 28.1%€201k▼ 7.0%€262k▲ 30.3%
Net result€99k-€122k▲ 23.2%€154k▲ 26.5%€149k▼ 3.1%€234k▲ 56.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €780k
Fixed assets
€5k▼ 21.5%
Current assets
€775k▲ 15.8%
Equity and liabilities €780k
Equity
€740k▲ 17.1%
Debt
€40k▼ 8.3%
The debt ratio falls from 6.5% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€263k▲
2024 · €202k
Cash flow
€235k▲
2024 · €150k
Solvency
94.9%▲
2024 · 93.5%
Current ratio
19.37▲
2024 · 15.34
Quick ratio
19.37▲
2024 · 15.34
Debt / equity
0.05▼
2024 · 0.07
ROE
31.6%▲
2024 · 23.6%
ROA
29.9%▲
2024 · 22.1%
Interest coverage
189.46▼
2024 · 215.00
Debt
€40k▼
2024 · €44k
Debt ≤ 1 year
€40k▼
2024 · €44k
Income taxes
€87k▲
2024 · €66k
Staff costs
€136▼
2024 · €603
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€676k€780k▲
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€670k€775k▲
Amounts receivable within one year40/41€20k€51k▲
Other amounts receivable41€20k€51k▲
Current investments50/53€44k€151k▲
Cash at bank and in hand54/58€605k€572k▼
Equity and liabilities
Total equity and liabilities10/49€676k€780k▲
Equity10/15€632k€740k▲
Contributions10/11€12k€12k=
Reserves13€620k€728k▲
Distributable reserves133€620k€728k▲
Amounts payable17/49€44k€40k▼
Amounts payable within one year42/48€44k€40k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€42k€38k▼
Taxes450/3€42k€38k▼
Other amounts payable47/48€237-
Income statement
Code20242025
Non-recurring operating income76A€25k-
Remuneration, social security and pensions62€603€136▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€204k€265k▲
Operating profit (loss)9901€201k€262k▲
Financial income75/76B€15k€60k▲
Recurring financial income75€15k€60k▲
Financial charges65/66B€940€1k▲
Recurring financial charges65€940€1k▲
Profit (loss) for the period before taxes9903€215k€321k▲
Income taxes67/77€66k€87k▲
Profit (loss) for the period9904€149k€234k▲
Profit (loss) for the period to be appropriated9905€149k€234k▲
Appropriation of the result
Profit (loss) to be appropriated9906€149k€234k▲
Transfer from equity791/2€178k€126k▼
Transfer to equity691/2€149k€234k▲
To other reserves6921€149k€234k▲
Profit to be distributed694/7€178k€126k▼
Return on contributions (dividend)694€178k€126k▼
The notes to these accounts (6 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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €234k ▲56.3%
Operating result €262k, net result €234k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €507k ▲31.7%
4 profitable years in a row build equity to €507k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 17.80
Current ratio from 7.91 to 17.80; short-term debt falls from €35k to €16k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €126k
Net result €126k after one loss-making year.
31-12
Financial
Equity above €200kEq €250k ▲101%
Equity rises from €124k to €250k.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herselt
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.
Kapelleweg(RAM) 272230 HerseltGround area
927 m²
Building footprint
154 m²
Volume, LiDAR
838 m³
Parcel 13034I0266/00D000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034I0266/00D000 | Flanders | 926 m² | 1 · 154 m² | 6.7 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
DE PAMEI
BE 0807.150.559
Asse · Eq €740k
ORSA MANAGEMENT
BE 0824.059.639
Sint-Pieters-Woluwe · Eq €740k
CORALIA
BE 0860.680.109
Ravels · Eq €740k
Espada
BE 0787.580.513
Ingelmunster · Eq €740k
Tetto Beheer
BE 1031.869.271
Pelt · Eq €740k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 31,020 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2006
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.