SMD CONSULT
ActiveSMD CONSULT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €18k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 24% of 12617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▲+14
Solvency61▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 5.91 against 6.36 in 2024), but 74.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.5%
Return on assets
2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 12617 sector peers (2025).
NBB · sector comparisonPosition among 12617 sector peers
Solvency
better than 24%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
25 d late
2023
28 d late
2022
18 d early
2021
31 d early
2020
30 d early
2019
29 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€231k▲ 8.6%
2024 · €213k
2018: €71k
2019: €75k
2020: €83k
2021: €130k
2022: €177k
2023: €202k
2024: €213k
2018 → 2025
Total assets
€906k▲ 3.4%
2024 · €876k
2018: €196k
2019: €198k
2020: €255k
2021: €252k
2022: €920k
2023: €898k
2024: €876k
2018 → 2025
Net result
€18k▲ 66.3%
2024 · €11k
2018: €6k
2019: €3k
2020: €8k
2021: €47k
2022: €48k
2023: €24k
2024: €11k
2018 → 2025
Working capital
€443k▲ 4.8%
2024 · €422k
2018: €105k
2019: €111k
2020: €155k
2021: €151k
2022: €221k
2023: €389k
2024: €422k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€130k-€177k▲ 36.7%€202k▲ 13.8%€213k▲ 5.5%€231k▲ 8.6%
Operating result€60k-€86k▲ 44.4%€65k▼ 24.3%€44k▼ 33.4%€54k▲ 24.4%
Net result€47k-€48k▲ 1.5%€24k▼ 48.5%€11k▼ 54.9%€18k▲ 66.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €906k
Fixed assets
€373k▼ 0.5%
Current assets
€533k▲ 6.3%
Equity and liabilities €906k
Equity
€231k▲ 8.6%
Debt
€675k▲ 1.7%
The debt ratio falls from 75.7% to 74.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€61k▼
2024 · €117k
Cash flow
€25k▼
2024 · €84k
Solvency
25.5%▲
2024 · 24.3%
Current ratio
5.91▼
2024 · 6.36
Quick ratio
5.91▼
2024 · 6.36
Debt / equity
2.92▼
2024 · 3.12
ROE
7.9%▲
2024 · 5.2%
ROA
2.0%▲
2024 · 1.3%
Interest coverage
1.98▼
2024 · 3.56
Debt
€675k▲
2024 · €664k
Debt ≤ 1 year
€90k▲
2024 · €79k
Debt > 1 year
€585k=
2024 · €585k
Income taxes
€6k▲
2024 · €4k
Staff costs
€45k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€876k€906k▲
Fixed assets21/28€375k€373k▼
Intangible fixed assets21€360k€360k=
Tangible fixed assets22/27€15k€13k▼
Furniture and vehicles24€11k€9k▼
Other tangible fixed assets26€4k€4k▼
Current assets29/58€501k€533k▲
Amounts receivable within one year40/41€431k€461k▲
Trade receivables40€409k€456k▲
Other amounts receivable41€22k€5k▼
Cash at bank and in hand54/58€70k€71k▲
Deferred charges and accrued income490/1€1k€724▼
Equity and liabilities
Total equity and liabilities10/49€876k€906k▲
Equity10/15€213k€231k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€192k€211k▲
Amounts payable17/49€664k€675k▲
Amounts payable after more than one year17€585k€585k=
Financial debts170/4€585k€585k=
Amounts payable within one year42/48€79k€90k▲
Trade debts44€31k€33k▲
Suppliers440/4€31k€33k▲
Taxes, remuneration and social security45€15k€20k▲
Taxes450/3€15k€13k▼
Remuneration and social security454/9€673€7k▲
Other amounts payable47/48€32k€37k▲
Income statement
Code20242025
Remuneration, social security and pensions62€7k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€5k€1k▼
Gross operating margin9900€135k€107k▼
Operating profit (loss)9901€44k€54k▲
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€33k€31k▼
Recurring financial charges65€33k€31k▼
Profit (loss) for the period before taxes9903€15k€25k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€11k€18k▲
Profit (loss) for the period to be appropriated9905€11k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€192k€211k▲
Profit (loss) brought forward from the previous period14P€181k€192k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 6.88
Current ratio from 2.91 to 6.88; short-term debt falls from €116k to €66k.
31-12
Financial
Equity above €200kEq €202k ▲13.8%
6 profitable years in a row build equity to €202k.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €48k ▲1.5%
Operating result €86k, net result €48k, both a record.
31-12
Financial
Equity above €150kEq €177k ▲36.7%
5 profitable years in a row build equity to €177k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €130k ▲56.7%
4 profitable years in a row build equity to €130k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €3k ▼45.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kolkstraat 379100 Sint-NiklaasGround area
2,522 m²
Building footprint
322 m²
Volume, LiDAR
1,855 m³
Parcel 46017A0458/00E000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SMD CONSULT
since 20072.165.804.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46017A0458/00E000 | Flanders | 2,522 m² | 1 · 322 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,600. 6,228 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2007
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.