SMAL & CONSORTS
ActiveSMAL & CONSORTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €83k. Equity is shrinking by ~20% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 21% of 1009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency14▼-6
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.06 in 2024), and 95.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
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
4.9%
Return on assets
62.8%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1009 sector peers (2025).
NBB · sector comparisonPosition among 1009 sector peers
Solvency
better than 21%
← 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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
30 d late
2023
8 d late
2022
28 d late
2021
44 d late
2020
29 d late
2019
91 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€83k▼ 10.1%
2024 · €92k
2018: €63k
2019: €64k
2020: €163k
2021: €100k
2022: €94k
2023: €104k
2024: €92k
2018 → 2025
Working capital
€-4k
2024 · €7k
2018: €182k
2019: €24k
2020: €30k
2021: €7k
2022: €12k
2023: €11k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€13k▲ 47.3%€17k▲ 30.5%€16k▼ 3.4%€6k▼ 60.5%
Operating result€135k-€127k▼ 6.0%€140k▲ 10.7%€125k▼ 11.1%€114k▼ 8.3%
Net result€100k-€94k▼ 6.0%€104k▲ 10.4%€92k▼ 11.1%€83k▼ 10.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€26k▼ 22.4%
Current assets
€106k▼ 9.7%
Equity and liabilities €132k
Equity
€6k▼ 60.5%
Debt
€126k▼ 6.7%
The debt ratio rises from 89.1% to 95.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€122k▼
2024 · €130k
Cash flow
€91k▼
2024 · €98k
Solvency
4.9%▼
2024 · 10.9%
Current ratio
0.97▼
2024 · 1.06
Quick ratio
0.97▼
2024 · 1.06
Debt / equity
19.36▲
2024 · 8.20
ROA
62.8%▲
2024 · 61.1%
Interest coverage
35.99▼
2024 · 87.51
Debt
€126k▼
2024 · €135k
Debt ≤ 1 year
€110k▼
2024 · €111k
Debt > 1 year
€16k▼
2024 · €24k
Income taxes
€28k▼
2024 · €31k
A ratio outside any meaningful range has been withheld (balance sheet total €132k, equity €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€151k€132k▼
Fixed assets21/28€34k€26k▼
Tangible fixed assets22/27€33k€26k▼
Furniture and vehicles24€33k€26k▼
Financial fixed assets28€250€250=
Current assets29/58€118k€106k▼
Amounts receivable within one year40/41€83k€67k▼
Trade receivables40€53k€55k▲
Other amounts receivable41€30k€12k▼
Cash at bank and in hand54/58€34k€39k▲
Deferred charges and accrued income490/1€412€475▲
Equity and liabilities
Total equity and liabilities10/49€151k€132k▼
Equity10/15€16k€6k▼
Contributions10/11€6k€6k=
Reserves13€10k-
Distributable reserves133€10k-
Profit (loss) carried forward14€232€294▲
Amounts payable17/49€135k€126k▼
Amounts payable after more than one year17€24k€16k▼
Financial debts170/4€22k€16k▼
Other amounts payable178/9€2k-
Amounts payable within one year42/48€111k€110k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€8k€6k▼
Other amounts payable47/48€93k€93k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k▲
Other operating charges640/8€853€863▲
Gross operating margin9900€131k€123k▼
Operating profit (loss)9901€125k€114k▼
Financial income75/76B€93€7▼
Recurring financial income75€93€7▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€123k€111k▼
Income taxes67/77€31k€28k▼
Profit (loss) for the period9904€92k€83k▼
Profit (loss) for the period to be appropriated9905€92k€83k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€83k▼
Profit (loss) brought forward from the previous period14P€810€232▼
Transfer from equity791/2-€10k
Profit to be distributed694/7€93k€93k=
Return on contributions (dividend)694€93k€93k=
The notes to these accounts (9 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
21-08
State Gazette act
General meeting · Director resignation
Director discharge
21-08
State Gazette act
General meeting · Director resignation
Director discharge
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 44 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 29 days late
2020
31-12
Financial
Highest result since 2018net €163k ▲153%
Operating result €220k, net result €163k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 120 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Namur · 1 establishment unit since 2011
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.
Pl. des Jardins de Baseilles(EP) 195101 Namur1 establishment unit
Smal & Consorts
since 20112.205.898.873
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,601. 2,371 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2011
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filings
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.