Financials
- Fiscal year
- 2024
- Total assets
- €1.9m
- Profit
- €249,789
- Solvency
- 23.7%
SMAX IMMO
ActiveSummary
The computed 12-month bankruptcy probability of SMAX IMMO is 4.2% (elevated). The 2024 annual accounts show equity of €441,650 and a net result of €249,789. Equity is growing by ~6.1% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€1.9mtotal assets 2024
- Equity
- €441,650
- Profit
- €249,789
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 2 deeds read
Why 49- Figures for FY 2024 (filed 05-11-2025)- Liquidity: current ratio 1.51, cash €1,550- 1 financial year not filed after the legal deadline; latest accounts 97 days late; 2 of the last 3 late+ Size: total assets €1.9mShow the evidence
Checked score
Score 2024
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 49% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
49+17
equity 23.7% of total assets
Liquidity
17-5
short-term debt 62.8% · cash 0.1%
Profitability
76+7
return on assets 13.4%
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.8%
12-2024: 4.4%▲ +18.0% vs 11-2024
01-2025: 5.8%▲ +31.2% vs 12-2024
02-2025: 5.8%● 0.0% vs 01-2025
03-2025: 3.4%▼ -41.6% vs 02-2025
04-2025: 3.2%▼ -4.7% vs 03-2025
05-2025: 3.2%● 0.0% vs 04-2025
06-2025: 3.2%● 0.0% vs 05-2025
07-2025: 3.1%▼ -4.8% vs 06-2025
08-2025: 3.7%▲ +19.8% vs 07-2025
09-2025: 3.9%▲ +5.7% vs 08-2025
10-2025: 5.9%▲ +50.7% vs 09-2025highest value
11-2025: 5.5%▼ -6.3% vs 10-2025
12-2025: 2.1%▼ -61.9% vs 11-2025
01-2026: 2.1%● 0.0% vs 12-2025
02-2026: 2.1%● 0.0% vs 01-2026
03-2026: 2.1%▼ -1.3% vs 02-2026
04-2026: 1.9%▼ -7.3% vs 03-2026
05-2026: 1.9%▼ -0.5% vs 04-2026
06-2026: 1.9%● 0.0% vs 05-2026
07-2026: 1.8%▼ -6.1% vs 06-2026lowest value
08-2026: 2.2%▲ +24.3% vs 07-2026
09-2026: 2.6%▲ +16.8% vs 08-2026
10-2026: 4.2%▲ +59.7% vs 09-2026
- Size: total assets €1.9m lowers the probability for this profile
- Figures for FY 2024 (filed 05-11-2025) raises the probability
- Liquidity: current ratio 1.51, cash €1,550 raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 97 days late; 2 of the last 3 late raises the probability
Credit up to €21,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.51 against 1.74 in 2023; short-term debt: 62.8% and cash: 0.1% of total assets), but 76.3% 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 (no NACE code, micro). Better than this share of them on solvency 30%, liquidity 11%, profitability 59%, growth against the median 94%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
97 d late
2023
204 d late
2022
57 d early
2021
93 d late
2020
92 d late
2019
223 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 109 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Highest result since 2018net €249,789 ▲2,370%
Key points
By topic
Timeline
- Events
- 14
- Since
- 2018
- 05-11-2025Annual accounts filed
- 20-02-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Founded
- 10-07-2017
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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