Financials
- Fiscal year
- 2025
- Total assets
- €11,625
- Loss
- -€1,507
- Solvency
- 93.7%
Total assets▼ 13.6%
Net result
20212025
Smash Records
ActiveSummary
Smash Records has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,898 and a net result of -€1,507. Equity is shrinking by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 1831 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Motion picture, video and television programme production, sound recording and music publishing activities
NACE 59203
1 site
Size
€11,625total assets 2025
- Equity
- €10,898
- Loss
- -€1,507
Turnover not published (abridged schema)
Structure
- Board
- 1 member
Accounts filed 31 d late2 of 6 deeds read
Why 88- Latest accounts 31 days late; 2 of the last 3 late+ Liquidity: current ratio 16.00, cash €11,620+ Sector Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)+ Equity €10,898 (93.7% of total assets)Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 59% of its sector peers (NACE 59, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 93.7% of total assets
Liquidity
100+7
short-term debt 6.3% · cash 100.0%
Profitability
5-4
return on assets -13.0%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%▼ -4.4% vs 11-2024
01-2025: 0.3%▼ -12.7% vs 12-2024
02-2025: 0.3%● 0.0% vs 01-2025
03-2025: 0.3%▲ +3.1% vs 02-2025
04-2025: 0.3%▲ +3.0% vs 03-2025
05-2025: 0.4%▲ +14.8% vs 04-2025
06-2025: 0.4%▲ +1.3% vs 05-2025
07-2025: 0.4%▲ +9.8% vs 06-2025
08-2025: 0.7%▲ +70.4% vs 07-2025
09-2025: 1.1%▲ +46.4% vs 08-2025
10-2025: 2.4%▲ +118% vs 09-2025highest value
11-2025: 0.6%▼ -76.7% vs 10-2025
12-2025: 0.6%● 0.0% vs 11-2025
01-2026: 0.5%▼ -2.2% vs 12-2025
02-2026: 0.5%▼ -2.2% vs 01-2026
03-2026: 0.5%▲ +2.6% vs 02-2026
04-2026: 0.6%▲ +6.8% vs 03-2026
05-2026: 0.4%▼ -38.5% vs 04-2026
06-2026: 0.4%▼ -1.9% vs 05-2026
07-2026: 0.4%▲ +8.5% vs 06-2026
08-2026: 0.7%▲ +72.6% vs 07-2026
09-2026: 0.3%▼ -62.2% vs 08-2026lowest value
10-2026: 0.3%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 16.00, cash €11,620 lowers the probability
- Latest accounts 31 days late; 2 of the last 3 late raises the probability
- Sector Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59) lowers the probability
- Equity €10,898 (93.7% of total assets) lowers the probability
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 16.0 against 12.9 in 2024; short-term debt: 6.3% and cash: 100% of total assets), and 6.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 59, micro). Better than this share of them on solvency 89%, liquidity 97%, profitability 18%, growth against the median 33%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
56 d late
2023
27 d late
2022
12 d early
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
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. Usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Appointment: Dwayne Megens (bijkomstig niet statutair…Power of attorney
- Resignation: Nick Roijaards (director)Director discharge · Power of…
Key points
By topic
Board & ownership
- Board
- 1 member
Go to Board & ownership
Timeline
- Events
- 9
- Since
- 2022
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 15-04-2026Appointment: Dwayne Megens (bijkomstig niet statutair bestuurder)
- 17-03-2026Resignation: Nick Roijaards (director)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Motion picture, video and television programme production, sound…NACE 59203
- Founded
- 26-08-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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