SMAPPEE SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of SMAPPEE SERVICES is 1.5% (moderate). The 2025 annual accounts show negative equity (€-992k) and a net result of €-624k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 127 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+1
Solvency16▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.04 against 0.47 in 2024; short-term debt: 43.9% and cash: 3% of total assets), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Sector 27
higher
← 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
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
-9%
Return on assets
-5.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-992k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
36 d early
2023
47 d early
2022
13 d early
2021
4 d early
2020
31 d early
2019
63 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-992k▼ 170%
2024 · €-368k
2018: €28k
2019: €28k
2020: €37k
2021: €39k
2022: €65k
2023: €81k
2024: €-368k
2018 → 2025
Total assets
€11.04M▲ 48.2%
2024 · €7.45M
2018: €29k
2019: €304k
2020: €423k
2021: €743k
2022: €2.16M
2023: €2.64M
2024: €7.45M
2018 → 2025
Net result
€-624k▼ 38.9%
2024 · €-449k
2018: €340
2019: €54
2020: €8k
2021: €3k
2022: €25k
2023: €16k
2024: €-449k
2018 → 2025
Working capital
€200k
2024 · €-4.16M
2018: €28k
2019: €-184k
2020: €-259k
2021: €-183k
2022: €-92k
2023: €-1.30M
2024: €-4.16M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€65k▲ 64.5%€81k▲ 25.1%€-368k€-992k▼ 170%
Operating result€12k-€59k▲ 388%€93k▲ 58.5%€-286k€-414k▼ 44.8%
Net result€3k-€25k▲ 780%€16k▼ 35.9%€-449k€-624k▼ 38.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €414k in 2025 against €286k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.04M
Fixed assets
€5.99M ▲ 56.9%
Current assets
€5.05M ▲ 39.0%
Key figures and ratios
EBITDA
€-20k▲
2024 · €-109k
Cash flow
€-230k▲
2024 · €-272k
Solvency
-9.0%▼
2024 · -4.9%
Current ratio
1.04▲
2024 · 0.47
Quick ratio
0.91▲
2024 · 0.47
Debt to equity
-12.13▲
2024 · -21.24
ROA
-5.7%▲
2024 · -6.0%
Interest coverage
-0.10▲
2024 · -0.66
Debt
€12.03M▲
2024 · €7.82M
Debt ≤ 1 year
€4.85M▼
2024 · €7.79M
Debt > 1 year
€7.14M▲
2024 · €27k
Income taxes
€613▲
2024 · €0
Staff costs
€259k▲
2024 · €170k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.45M€11.04M▲
Fixed assets21/28€3.82M€5.99M▲
Tangible fixed assets22/27€3.82M€5.99M▲
Plant, machinery and equipment23€2.22M€3.93M▲
Leasing and similar rights25€34k€27k▼
Assets under construction and advance payments27€1.56M€2.04M▲
Current assets29/58€3.63M€5.05M▲
Stocks and contracts in progress3-€629k
Stocks30/36-€629k
Amounts receivable within one year40/41€1.57M€3.89M▲
Trade receivables40€1.47M€3.82M▲
Other amounts receivable41€97k€68k▼
Cash at bank and in hand54/58€1.98M€326k▼
Deferred charges and accrued income490/1€80k€207k▲
Equity and liabilities
Total equity and liabilities10/49€7.45M€11.04M▲
Equity10/15€-368k€-992k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-398k€-1.02M▼
Amounts payable17/49€7.82M€12.03M▲
Amounts payable after more than one year17€27k€7.14M▲
Financial debts170/4€27k€7.14M▲
Amounts payable within one year42/48€7.79M€4.85M▼
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€2.00M€3.33M▲
Suppliers440/4€2.00M€3.33M▲
Taxes, remuneration and social security45€17k€32k▲
Taxes450/3€0€10k▲
Remuneration and social security454/9€17k€23k▲
Other amounts payable47/48€5.76M€1.48M▼
Accrued charges and deferred income492/3-€40k
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€170k€259k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€178k€394k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€987€0▼
Other operating charges640/8€5k€11k▲
Gross operating margin9900€67k€250k▲
Operating profit (loss)9901€-286k€-414k▼
Financial income75/76B€874€702▼
Recurring financial income75€874€702▼
Financial charges65/66B€164k€209k▲
Recurring financial charges65€164k€209k▲
Profit (loss) for the period before taxes9903€-449k€-623k▼
Income taxes67/77€0€613▲
Profit (loss) for the period9904€-449k€-624k▼
Profit (loss) for the period to be appropriated9905€-449k€-624k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-398k€-1.02M▼
Profit (loss) brought forward from the previous period14P€51k€-398k▼
Social balance
Average headcount (FTE)90870.03.5▲
The notes to these accounts (14 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-624k
Net result drops to €-624k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.04
Current ratio from 0.47 to 1.04; short-term debt falls from €7.79M to €4.85M.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €25k ▲780%
Net result €25k, the highest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Harelbeke · 2 establishment units 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.
Evolis 1048530 HarelbekeGround area
1.4 ha
Building footprint
1,434 m²
Volume, LiDAR
2,425 m³
2 parcels, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Smappee Services
since 20112.201.769.346
Smappee Services
since 20232.347.210.552
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322C0701/00A000 | Flanders | 1.2 ha | 1 · 1,251 m² | 0.0 m |
| 34352F0710/00A004 | Flanders | 1,613 m² | 1 · 182 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 207,595 EUR awarded · 187,595 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 95 EUR | 180,095 EUR |
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
| 2022 | 1 | 200,000 EUR | 0 EUR |
Schemes
Subsidies laadpalen (Relance)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 262 companies in sector 27110 we hold annual accounts for 173. 107 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.