Financials
- Financial year
- 2025
- Total assets
- €975,765
- Profit
- €37,894
- Solvency
- 14.4%
Total assets▲ 172%
Net result
20242025
SMAL
ActiveSummary
SMAL has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,172 and a net result of €37,894. Its solvency ranks better than 17% of 34,678 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Joinery installation
NACE 43320Manufacture of textiles NACE 13960
10th largest company by total assets in Neupré, Construction sector2 sites
Size
€975,765total assets 2025
- Equity
- €140,172
- Profit
- €37,894
Turnover not published (micro format)
Why 69raises riskFounded in 2023Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €975,765Figures for financial year 2025 (filed 05-07-2026)Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 49% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Average
Solvency
39-14
equity 14.4% of total assets
Liquidity
59-17
short-term debt 18.4% · cash 11.4%
Profitability
74-26
return on assets 3.9%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 2.4%▲ +0.5 percentage points vs 02-2025
04-2025: 2.7%▲ +0.3 percentage points vs 03-2025
05-2025: 3.1%▲ +0.4 percentage points vs 04-2025
06-2025: 3.4%▲ +0.3 percentage points vs 05-2025highest value
07-2025: 0.7%▼ -2.7 percentage points vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.6%▼ -0.1 percentage points vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025lowest value
11-2025: 0.7%▲ +0.1 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.6%▼ -0.1 percentage points vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €9,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity tight (current ratio 1.12, compared with 1.03 in 2024, below the usual 1.5; short-term debt: 18.4% and cash: 11.4% of total assets), and 85.6% of the assets are financed with debt and provisions.
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 43, micro): better than 17% on solvency, 56% on liquidity, 46% on profitability and 78% on growth.
The bankruptcy probability was computed on 23-10-2026 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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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 34678 sector peers (2025).
NBB · sector comparisonPosition among 34678 sector peers
Solvency
better than 17%
← 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 05-07-2026, 26 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
26 days early
2024
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 38 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: SMAL Gregory Christian Corinne…
Key points
By topic
Board & ownership
- Board
- 1 member
- SMAL Gregory Christian Corinne GhislainDirector
Timeline
- Events
- 3
- Since
- 2023
- Next accounts
- by 31-07-2027
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 09-11-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 26
- Annual meeting
- First Friday of June at 18:00
- Purpose
- “Les travaux de menuiserie en général; Fabrication d'articles confectionnés pour…” (deed in French)
Key facts about SMAL
- What is the company number of SMAL?
- 1002.105.218. In Belgium the VAT number is the company number with BE in front: BE 1002.105.218.
- Where is SMAL based?
- The registered office is at Rue du Petit Moulin(RR) 16, 4120 Neupré.Company details
- What does SMAL do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of SMAL?
- Private limited company (BV).
- When was SMAL founded?
- On 09-11-2023.
- Is SMAL still active?
- Yes, SMAL is an active enterprise in the KBO register.
- What is the turnover of SMAL?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is SMAL profitable?
- In financial year 2025, SMAL made a profit of €37,894.
- Where can I find the annual accounts of SMAL?
- SMAL filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SMAL due?
- By 31-07-2027, for financial year 2026.Timeline
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