Losses
-€21,249 in six years
Every financial year from 2020 to 2025 closed with a loss. 2020 was the heaviest.
SMB Consulting
Lifetime
12 annual accounts with figures on one time axispeak €136,514 (2014)
-€2,062▲ €726
lowest -€50,571 (2017)
-€2,841▲ €706
peak €130,289 (2016)
€105,235▼ 2.6%
€7,778▲ 58.7%
Board1 name since 2018
1 directorHeirbaut Victor
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€2,788 to -€2,062Loss of €2,841Debts from €4,902 to €7,778
Key points
from the 2025 annual accountsFilings
12 annual accounts since 2014
Eight of the last ten came late. The 2019 accounts came latest: 104 days after the end of the period.
Position in the sector
-€2,841
Lower net result than 91% of companies in legal and accounting. Sector median €37,394 · 15,826 companies.
Turnover not published (abbreviated or micro format)
Checked score
85
Excellent
Financially stronger than 39% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,107 companies (NACE 69, micro).
About 3 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 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
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: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%▼ -0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.3%▼ -0.3 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 28 days late; 2 of the last 3 accounts late
Liquidity: current ratio 14.53, cash €642
lowers risk
Sector: Legal and accounting activities (NACE 69)
Size: total assets €113,012
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 69, micro). It does better than 87% of them on solvency, 31% on liquidity, 7% on profitability and 30% 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 SMB Consulting 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 SMB Consulting itself: 0.3% 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 SMB Consulting. 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 €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 14.53 (23.05 in 2024), above the usual 1.5. Short-term debt is 6.9% and cash 0.6% of total assets. 6.9% 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 risk
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 -€2,841
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
61 days late
2023
61 days late
2022
30 days late
2021
29 days late
2020
60 days late
2019
104 days late
← 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 53 days after the deadline. In the sector (NACE 69), 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 August (4 of the last 5 accounts filed within 31 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 in the Peppol Directory
Reachable for e-invoices through 0208:0515947057
Registered office moved from Sint-Lievens-Houtem to Kapellen
New registered office: Hazelaardreef 2 te 2950 Kapellen · Previous registered office: Wettersesteenweg 3 te 9520 Sint-Lievens-Houtem · General meeting of 31-12-2018 · Gazette deed
First establishment
Hazelaardreef 2, Kapellen
Incorporation
published on 05-03-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SMB Consulting Kapellen | €113,012 | -€2,062 | 93.1% | - |
| ADVOCATENKANTOOR DE MULDER Hoogstraten | €98,215 | -€11,013 | 5.8% | - |
| Advocatenkantoor Toon De Boeck Dendermonde | €109,765 | -€5,027 | 69.9% | - |
| Société d’Avocats Olivier HAMAL Liège | €107,329 | -€18,464 | 99.5% | - |
| WIREV Uccle | €116,503 | -€539 | 76.0% | - |
| Sophie Curieux Overijse | €102,052 | -€8,304 | 9.2% | - |
| BLAW Herent | €125,556 | -€8,310 | 92.6% | - |
These companies have the same main activity as SMB Consulting: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €98,200 and €126,000, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 18-02-2013Normal situation
- Activity
- Activities of lawyersNACE 69101
- Establishment unit
- 2.238.280.6412950 Kapellen, since 22-02-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 19-03-2026
Insights on SMB Consulting
SMB Consulting files the micro format. That format states no turnover. The gross margin fell from €136,514 in 2014 to -€2,062 in 2025.
The balance sheet grew most from 2015 to 2016 through fixed assets, financed with long-term debt.
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 SMB Consulting
- What is the company number of SMB Consulting?
- The company number of SMB Consulting is 0515.947.057. The VAT number is the same number with BE in front: BE 0515.947.057.
- Where is SMB Consulting based?
- The registered office is at Hazelaardreef 2, 2950 Kapellen.Company details
- What does SMB Consulting do?
- According to the KBO register, the main activity is activities of lawyers (NACE 69101).
- What is the legal form of SMB Consulting?
- SMB Consulting is a private limited company (pre-2019) (BVBA).
- When was SMB Consulting founded?
- SMB Consulting was founded on 18-02-2013.
- Is SMB Consulting still active?
- Yes, SMB Consulting is an active enterprise in the KBO register.
- What is the turnover of SMB Consulting?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is SMB Consulting profitable?
- In financial year 2025, SMB Consulting made a loss of €2,841.
- Where can I find the annual accounts of SMB Consulting?
- SMB Consulting filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SMB Consulting due?
- SMB Consulting must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
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