Losses
-€16,634 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
SMARDEN
Lifetime
15 annual accounts with figures on one time axispeak €301,589 (2022)
€6,724▼ 48.1%
lowest -€56,655 (2020)
-€16,091▼ €15,548
peak €309,366 (2023)
€292,732▼ 5.2%
€9,112▼ 61.4%
Documentsfilings and deeds
24-06-202637 days before the deadline
2025abbreviated format
Gross margin from €12,945 to €6,724Loss of €16,091Registered office moved from Sint-Martens-Latem to Knokke-Heist 04-12Debts from €23,615 to €9,112Investments €44,915
Key points
from the 2025 annual accountsTurnover
≈ €27,000 estimated
The accounts state no turnover.
Investments
€44,915 2.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
23.49 was 11.56 in 2024
Short-term debts fell from €23,615 to €9,112.
Filings
15 annual accounts since 2011
Three of the last ten came late. The 2016 accounts came latest: 30 days after the end of the period.
Position in the sector
-€16,091
Lower net result than 87% of companies in head offices and management consultancy. Sector median €37,464 · 10,858 companies.
Checked score
95
Excellent
Financially stronger than 57% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €16,091, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 23.49, cash €194,726
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 86% of them on solvency, 97% on liquidity, 14% on profitability and 32% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as SMARDEN has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SMARDEN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for SMARDEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 23.49 (11.56 in 2024), above the usual 1.5. Short-term debt is 3% and cash 64.5% of total assets. 3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€16,091
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
73 days early
2023
63 days early
2022
76 days early
2021
59 days early
2020
99 days early
2019
51 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 65 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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. The company usually files around 30 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Sint-Martens-Latem to Knokke-Heist
New registered office: Spaanselaan 21 te 8300 Knokke-Heist · Previous registered office: Nelemeersstraat 3, 9830 Sint-Martens-Latem · General meeting of 12-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0828992979
Amendment of the articles · Legal-form change · Resignations & appointments
Board composition: DEFAUW Michel (director (not named in the articles)) · Board composition: BOURDEAU Véronique (director (not named in the articles)) · General meeting of 29-03-2023 · Gazette deed
First establishment
Spaanselaan 21, Knokke-Heist
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SMARDEN Knokke-Heist | €301,844 | €6,724 | 97.0% | - |
| JD CONSULTANCY Kortrijk | €310,788 | €6,613 | 82.2% | - |
| DIRK DEPOORTER Ostend | €322,729 | €5,579 | 66.9% | - |
| COFICOSME Fléron | €273,360 | €6,854 | 2.4% | - |
| V-MANAGEMENT Fleurus | €334,466 | €6,503 | 82.2% | - |
| ARTHEAS Pont-à-Celles | €349,683 | €7,283 | 17.1% | - |
| ALTER-NATIVE Couvin | €266,396 | €7,005 | 93.1% | - |
These companies have the same main activity as SMARDEN: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €266,000 and €350,000, founded between 2008 and 2011.
Official details
Source: KBO- Status
- Active since 03-09-2010Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.191.432.8098300 Knokke-Heist, since 16-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Annual accounts 2025
- €301,844▼ 9.2%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on SMARDEN
SMARDEN files the abbreviated format. That format states no turnover. The gross margin fell from €11,522 in 2011 to €6,724 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SMARDEN
- What is the company number of SMARDEN?
- The company number of SMARDEN is 0828.992.979. The VAT number is the same number with BE in front: BE 0828.992.979.
- Where is SMARDEN based?
- The registered office is at Spaanselaan 21, 8300 Knokke-Heist.Company details
- What does SMARDEN do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SMARDEN?
- SMARDEN is a private limited company (BV).
- When was SMARDEN founded?
- SMARDEN was founded on 03-09-2010.
- Is SMARDEN still active?
- Yes, SMARDEN is an active enterprise in the KBO register.
- What is the turnover of SMARDEN?
- The turnover in financial year 2025 is ≈ €27,000. This figure is estimated from the gross margin of €6,724 and 140 comparable companies (NACE 70200). It probably lies between €12,000 and €67,000. It is a rough estimate.Financials
- Is SMARDEN profitable?
- In financial year 2025, SMARDEN made a loss of €16,091.
- Where can I find the annual accounts of SMARDEN?
- SMARDEN filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SMARDEN due?
- SMARDEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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