SMaP
ActiveSummary
SMaP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €603 and a net result of €125,603. Equity is shrinking by about 26% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 9% of 9,714 sector peers (NACE 64, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SMaP
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Alle aandelen op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van Vennootschappen en Verenigingen,inzage…” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Contant, evenredig aan aantal bezeten aandelen” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed