Equity
€1,568 from €75,907 in 2016
Equity fell by 98% in 9 years.
SMBI
Lifetime
16 annual accounts with figures on one time axispeak €37,206 (2013)
-€4,769▲ €6,417
lowest -€20,950 (2020)
-€10,299▲ €7,756
peak €75,907 (2016)
€1,568▼ 86.8%
€64,050▲ 6.6%
Board2 names since 2023
1 directorVAN HOE Sylvain
Documentsfilings and deeds
28-04-20262 days before the deadline
2025micro format
Gross margin from -€11,186 to -€4,769Loss of €10,299Equity from €11,867 to €1,568Cash from €1,810 to €1,241
Key points
from the 2025 annual accountsLosses
-€38,258 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€64,050 98% of the balance sheet
Financial debts 18%Suppliers 12%Other 70%
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 9% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.7%▲ +0.2 percentage points vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.8%▲ +0.1 percentage points vs 03-2025
05-2025: 2.5%▲ +0.7 percentage points vs 04-2025highest value
06-2025: 1.7%▼ -0.8 percentage points vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 1.7%● unchanged vs 07-2025
09-2025: 1.7%● unchanged vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 0.8%▼ -0.9 percentage points vs 11-2025lowest value
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 1.0%▲ +0.2 percentage points vs 03-2026
05-2026: 0.8%▼ -0.2 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €10,299, the second in a row (financial year 2025)
Equity €1,568 (2.4% of total assets)
lowers risk
Size: total assets €65,618
Founded in 2009
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 46, micro). It does better than 18% of them on solvency, 5% on liquidity, 6% on profitability and 6% 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 642 companies had the same profile as SMBI has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SMBI itself: 0.8% 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 642 companies, not a prediction for SMBI. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.99 (1.1 in 2024), below 1. Short-term debt is 97.6% and cash 1.9% of total assets. 97.6% 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
Seven 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
19202122232425
2019 to 2025 · latest year -€10,299
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 13805 sector peers (2025).
NBB · sector comparisonPosition among 13805 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
on the day
2023
5 days early
2022
3 days early
2021
33 days early
2020
7 days early
2019
21 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 10 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (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
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0820063536
Registered office moved within Sint-Martens-Latem
New registered office: Nelemeersstraat 22, 9830 Sint-Martens-Latem · Previous registered office: Maenhoutstraat 9, 9830 Sint-Martens-Latem · Resignation: DE PECKER Barbara (director) · General meeting of 14-11-2023 · Gazette deed
First establishment
Nelemeersstraat 22, Sint-Martens-Latem
Incorporation
published on 28-10-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SMBI Sint-Martens-Latem | €65,618 | -€4,769 | 2.4% | - |
| TACKSONS Sint-Laureins | €50,963 | -€2,369 | 90.7% | - |
| ITC Lokeren | €71,727 | -€100,733 | -610.0% | - |
| IDH TITANIUM Ixelles | €99,297 | -€2,860 | -401.4% | - |
| Ruco Group Antwerp | €78,381 | -€10,563 | 33.0% | - |
| C & P Pack Antwerp | €41,630 | -€342 | 64.6% | - |
| ACSIS EUROPE Temse | €52,145 | €537 | 99.2% | - |
These companies have the same main activity as SMBI: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €41,600 and €99,300, founded between 2005 and 2011.
Official details
Source: KBO- Status
- Active since 26-10-2009Normal situation
- Activity
- Non-specialised wholesale tradeNACE 46900and 1 other
- Establishment unit
- 2.182.247.5039830 Sint-Martens-Latem, since 05-11-2009
- Financial year end
- 30 September
- Peppol
- Reachable since 30-10-2025
Annual accounts to 30-09-2025
- €65,618▼ 8.8%
- Filing
- Filed on 28-04-2026, 2 days before the end of the filing period
Insights on SMBI
SMBI files the micro format. That format states no turnover. The gross margin fell from €10,504 in 2010 to -€4,769 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 SMBI
- What is the company number of SMBI?
- The company number of SMBI is 0820.063.536. The VAT number is the same number with BE in front: BE 0820.063.536.
- Where is SMBI based?
- The registered office is at Nelemeersstraat 22, 9830 Sint-Martens-Latem.Company details
- What does SMBI do?
- According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
- What is the legal form of SMBI?
- SMBI is a private limited company (BV).
- When was SMBI founded?
- SMBI was founded on 26-10-2009.
- Is SMBI still active?
- Yes, SMBI is an active enterprise in the KBO register.
- What is the turnover of SMBI?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SMBI profitable?
- In financial year 2025, SMBI made a loss of €10,299.
- Where can I find the annual accounts of SMBI?
- SMBI filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SMBI due?
- SMBI must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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