SMARDEN

Active

Private limited companyfounded 201016 yrs activeSpaanselaan 21, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0828.992.979

SMARDEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €309k and a net result of €-543. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 8092 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

91 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69▼-31

Solvency100=

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 11.56 against 9.77 in 2023; short-term debt: 7.1% and cash: 80.3% of total assets), and 7.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

92.9%

Return on assets

-0.2%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-05-2025, 73 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

73 d early

2023

63 d early

2022

76 d early

2021

59 d early

2020

99 d early

2019

51 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€309k▼ 0.2%

2023 · €309k

2018: €40k 2019: €5k 2020: €-52k 2021: €-92k 2022: €130k 2023: €309k

2018 → 2024

Total assets

€332k▼ 3.2%

2023 · €343k

2018: €70k 2019: €49k 2020: €16k 2021: €23k 2022: €163k 2023: €343k

2018 → 2024

Net result

€-543

2023 · €179k

2018: €22k 2019: €-36k 2020: €-57k 2021: €-40k 2022: €222k 2023: €179k

2018 → 2024

Working capital

€249k▼ 16.5%

2023 · €298k

2018: €24k 2019: €-4k 2020: €-57k 2021: €-95k 2022: €128k 2023: €298k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-52k-€-92k▼ 76.3%€130k€309k▲ 138%€309k▼ 0.2%

Operating result€-56k-€-39k▲ 30.2%€300k€249k▼ 17.1%€4k▼ 98.3%

Net result€-57k-€-40k▲ 29.9%€222k€179k▼ 19.3%€-543

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 98% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €332k

17.9%

82.1%

Fixed assets €60k▲ 446%

Current assets €273k▼ 17.9%

Equity and liabilities €332k

92.9%

Equity €309k▼ 0.2%

Debt €24k▼ 30.6%

The debt ratio falls from 9.9% to 7.1%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€12k▼

2023 · €251k

Cash flow

€8k▼

2023 · €181k

Solvency

92.9%▲

2023 · 90.1%

Current ratio

11.56▲

2023 · 9.77

Quick ratio

11.56▲

2023 · 9.77

Debt / equity

0.08▼

2023 · 0.11

ROE

-0.2%▼

2023 · 57.9%

ROA

-0.2%▼

2023 · 52.2%

Interest coverage

28.21▼

2023 · 148.61

Debt

€24k▼

2023 · €34k

Debt ≤ 1 year

€24k▼

2023 · €34k

Income taxes

€4k▼

2023 · €68k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€343k€332k▼

Fixed assets21/28€11k€60k▲

Tangible fixed assets22/27€11k€60k▲

Furniture and vehicles24€11k€55k▲

Other tangible fixed assets26-€4k

Current assets29/58€332k€273k▼

Amounts receivable within one year40/41€3k€6k▲

Other amounts receivable41€3k€6k▲

Cash at bank and in hand54/58€329k€267k▼

Equity and liabilities

Total equity and liabilities10/49€343k€332k▼

Equity10/15€309k€309k▼

Contributions10/11€20k€20k=

Reserves13€289k€289k=

Distributable reserves133€289k€289k=

Profit (loss) carried forward14-€-543

Amounts payable17/49€34k€24k▼

Amounts payable within one year42/48€34k€24k▼

Trade debts44€555€50▼

Suppliers440/4€555€50▼

Taxes, remuneration and social security45€8k€4k▼

Taxes450/3€8k€4k▼

Other amounts payable47/48€25k€19k▼

Income statement Code20232024

Non-recurring operating income76A-€3k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€8k▲

Other operating charges640/8€741€673▼

Gross operating margin9900€252k€13k▼

Operating profit (loss)9901€249k€4k▼

Financial income75/76B-€3

Recurring financial income75-€3

Financial charges65/66B€2k€435▼

Recurring financial charges65€2k€435▼

Profit (loss) for the period before taxes9903€247k€4k▼

Income taxes67/77€68k€4k▼

Profit (loss) for the period9904€179k€-543▼

Profit (loss) for the period to be appropriated9905€179k€-543▼

Appropriation of the result

Profit (loss) to be appropriated9906€179k€-543▼

Transfer to equity691/2€179k-

To other reserves6921€179k-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

2025

19-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

29-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Liquidity doublescurrent ratio 9.77

Current ratio from 4.88 to 9.77.

31-12

Financial Equity above €200kEq €309k ▲138%

2 profitable years in a row build equity to €309k.

16-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Back to profitnet €222k

Net result €222k after 3 loss-making years.

31-12

Financial Liquidity times 28current ratio 4.88

Current ratio from 0.17 to 4.88; short-term debt falls from €115k to €33k.

31-12

Financial Equity above €100kEq €130k

Equity rises from €-92k to €130k.

02-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

23-04

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Weakest financial yearnet €-57k

Net result drops to €-57k, the lowest in the series; recovery starts the following year.

10-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

2018

23-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 23 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 30 days late

2016

04-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 4 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Knokke-Heist · 1 establishment unit since 2010

establishment The establishment unit on the map

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.

Spaanselaan 218300 Knokke-Heist

Ground area

5,487 m²

Building footprint

468 m²

Volume, LiDAR

2,797 m³

2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

SMARDEN

Nelemeersstraat 3, 9830 Sint-Martens-LatemAgents in the wholesale of timber and building materials

since 20102.191.432.809

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44064A0302/00D000	Flanders	4,883 m²	1 · 311 m²	10.0 m · 2 fl.
31332F0483/00C000	Flanders	604 m²	1 · 157 m²	9.0 m · 2 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.

Structure & network

Connections & network

1 connected company

Network connections

MDF INVESTMENTS

Shared address

→

Similar companies · same sector, comparable size

Nieuwerkerken (Limb.) · Eq €309k

Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 37,967 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-09-2010

Fiscal year end31-12

Activities, NACEBEL

70200Business and other management consultancy

70220Business consulting

78100Employment placement agencies

Sources

Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.