smd-tec
ActiveSummary
smd-tec has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €239,582 and a net result of €27,631. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-17
Solvency54▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.71 in 2023; short-term debt: 56.3% and cash: 36.1% of total assets), and 71.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
31 d late
2022
33 d early
2021
24 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€239,582▲ 10.9%
2023 · €216,091
Total assets
€835,608▲ 63.6%
2023 · €510,807
Net result
€27,631▼ 4.0%
2023 · €28,796
Working capital
€194,113▼ 1.0%
2023 · €196,101
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€93,822▲ 37.5%€139,546▲ 48.7%€75,432▼ 45.9%€58,776▼ 22.1%€66,570▲ 13.3%
Net result€59,553within the sector's middle half▲ 92.0%€102,164within the sector's middle half▲ 71.6%€31,545within the sector's middle half▼ 69.1%€28,796within the sector's middle half▼ 8.7%€27,631within the sector's middle half▼ 4.0%
Equity€102,845below the sector's middle half▲ 97.8%€164,809within the sector's middle half▲ 60.2%€191,555within the sector's middle half▲ 16.2%€216,091within the sector's middle half▲ 12.8%€239,582within the sector's middle half▲ 10.9%
Total assets€407,964below the sector's middle half▲ 14.4%€524,833below the sector's middle half▲ 28.6%€403,556below the sector's middle half▼ 23.1%€510,807below the sector's middle half▲ 26.6%€835,608within the sector's middle half▲ 63.6%
Debt€305,119▲ 0.2%€360,024▲ 18.0%€212,002▼ 41.1%€294,716▲ 39.0%€596,026▲ 102%
Working capital€72,620▲ 69.6%€139,222▲ 91.7%€171,073▲ 22.9%€196,101▲ 14.6%€194,113▼ 1.0%
Solvency25.2%within the sector's middle half▲ 10.6pp31.4%within the sector's middle half▲ 6.2pp47.5%within the sector's middle half▲ 16.1pp42.3%within the sector's middle half▼ 5.2pp28.7%within the sector's middle half▼ 13.6pp
Staff (FTE)2.3within the sector's middle half▲ 9.5%3.3within the sector's middle half▲ 43.5%3.6within the sector's middle half▲ 9.1%2.9within the sector's middle half▼ 19.4%3.4within the sector's middle half▲ 17.2%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 13% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €835,608
Fixed assets
€170,937 ▲ 337%
Current assets
€664,671 ▲ 40.9%
Equity and liabilities €835,608
Equity
€239,582 ▲ 10.9%
Debt
€596,026 ▲ 102%
Debt's share of the balance-sheet total rises from 57.7% to 71.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,945▲
2023 · €64,143
Cash flow
€40,006▲
2023 · €34,163
Current ratio
1.41▼
2023 · 1.71
Quick ratio
1.05▼
2023 · 1.31
Debt to equity
2.49▲
2023 · 1.36
ROE
11.5%▼
2023 · 13.3%
ROA
3.3%▼
2023 · 5.6%
Interest coverage
2.07▼
2023 · 3.76
Debt ≤ 1 year
€470,558▲
2023 · €275,559
Debt > 1 year
€125,468▲
2023 · €19,158
Income taxes
€12,041▼
2023 · €15,440
Staff costs
€227,183▲
2023 · €192,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,500 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €36,905 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €178,934 | €217,760 | €192,132 | €227,183 | ▲ 18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €517 | €5,736 | €5,106 | €5,367 | €12,375 | ▲ 131% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,097 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €9,263 | €9,190 | €14,982 | €5,230 | ▼ 65.1% |
| Gross operating margin9900 | €222,296 | €333,480 | €307,487 | €273,354 | €311,358 | ▲ 13.9% |
| Operating profit (loss)9901 | €93,822 | €139,546 | €75,432 | €58,776 | €66,570 | ▲ 13.3% |
| Financial income75/76B | - | €11,074 | €2,503 | €2,530 | €11,149 | ▲ 341% |
| Recurring financial income75 | €3,174 | €11,074 | €2,503 | €2,530 | €11,149 | ▲ 341% |
| Financial charges65/66B | - | €9,497 | €30,865 | €17,070 | €38,048 | ▲ 123% |
| Recurring financial charges65 | €16,491 | €9,497 | €30,865 | €17,070 | €38,048 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | €80,505 | €141,123 | €47,070 | €44,236 | €39,672 | ▼ 10.3% |
| Income taxes67/77 | €20,952 | €38,960 | €15,524 | €15,440 | €12,041 | ▼ 22.0% |
| Profit (loss) for the period9904 | €59,553 | €102,164 | €31,545 | €28,796 | €27,631 | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €59,553 | €102,164 | €31,545 | €28,796 | €27,631 | ▼ 4.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €407,964 | €524,833 | €403,556 | €510,807 | €835,608 | ▲ 63.6% |
| Fixed assets21/28 | €30,225 | €25,588 | €20,482 | €39,147 | €170,937 | ▲ 337% |
| Tangible fixed assets22/27 | €21,051 | €16,414 | €11,308 | €35,097 | €170,937 | ▲ 387% |
| Plant, machinery and equipment23 | - | €1,816 | €384 | €18 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €14,598 | €10,923 | €35,079 | €32,931 | ▼ 6.1% |
| Other tangible fixed assets26 | - | - | - | - | €138,006 | - |
| Financial fixed assets28 | €9,174 | €9,174 | €9,174 | €4,050 | €0 | ▼ 100% |
| Current assets29/58 | €377,739 | €499,245 | €383,075 | €471,659 | €664,671 | ▲ 40.9% |
| Stocks and contracts in progress3 | - | €110,000 | €38,600 | €110,990 | €169,745 | ▲ 52.9% |
| Stocks30/36 | - | €110,000 | €38,600 | €110,990 | €169,745 | ▲ 52.9% |
| Amounts receivable within one year40/41 | €170,221 | €200,261 | €192,396 | €101,640 | €190,475 | ▲ 87.4% |
| Trade receivables40 | - | €196,148 | €143,562 | €100,096 | €173,670 | ▲ 73.5% |
| Other amounts receivable41 | - | €4,113 | €48,833 | €1,544 | €16,805 | ▲ 988% |
| Cash at bank and in hand54/58 | €207,518 | €185,823 | €152,079 | €258,064 | €302,059 | ▲ 17.0% |
| Deferred charges and accrued income490/1 | - | €3,161 | - | €965 | €2,392 | ▲ 148% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €407,964 | €524,833 | €403,556 | €510,807 | €835,608 | ▲ 63.6% |
| Equity10/15 | €102,845 | €164,809 | €191,555 | €216,091 | €239,582 | ▲ 10.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €94,785 | €156,749 | €183,495 | €208,031 | €231,522 | ▲ 11.3% |
| Amounts payable17/49 | €305,119 | €360,024 | €212,002 | €294,716 | €596,026 | ▲ 102% |
| Amounts payable after more than one year17 | - | - | - | €19,158 | €125,468 | ▲ 555% |
| Financial debts170/4 | - | - | - | €19,158 | €125,468 | ▲ 555% |
| Amounts payable within one year42/48 | €305,119 | €360,024 | €212,002 | €275,559 | €470,558 | ▲ 70.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,218 | €16,981 | ▲ 173% |
| Trade debts44 | €253,848 | €288,775 | €181,412 | €242,441 | €424,063 | ▲ 74.9% |
| Suppliers440/4 | - | €288,775 | €181,412 | €242,441 | €424,063 | ▲ 74.9% |
| Taxes, remuneration and social security45 | - | €31,049 | €25,790 | €22,639 | €25,374 | ▲ 12.1% |
| Taxes450/3 | - | €17,827 | - | €5,440 | €5,440 | = |
| Remuneration and social security454/9 | - | €13,222 | €25,790 | €17,199 | €19,934 | ▲ 15.9% |
| Other amounts payable47/48 | - | €40,200 | €4,800 | €4,260 | €4,140 | ▼ 2.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,553 | €102,164 | €31,545 | €28,796 | €27,631 | ▼ 4.0% |
| + Depreciation and write-downs630 | €517 | €5,736 | €5,106 | €5,367 | €12,375 | ▲ 131% |
| Operating cash flow (approximation) | €60,070 | €107,900 | €36,651 | €34,163 | €40,006 | ▲ 17.1% |
| Investment in fixed assets (approximation) | - | -€1,098 | €0 | -€24,033 | -€144,164 | ▼ 500% |
| Change in cash | - | -€21,694 | -€33,744 | €105,985 | €43,995 | ▼ 58.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Equity above €200,000Eq €216,091 ▲12.8%
6 profitable years in a row build equity to €216,091.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €102,164 ▲71.6%
Operating result €139,546, net result €102,164, both a record.
31-12
Financial
Equity above €150,000Eq €164,809 ▲60.2%
4 profitable years in a row build equity to €164,809.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €100,000Eq €102,845 ▲97.8%
3 profitable years in a row build equity to €102,845.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Aarschot · 1 establishment unit since 2009
Ground area
5,782 m²
Building footprint
356 m²
Volume, LiDAR
2,143 m³
Parcel 24662F0031/00E002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
smd-tec
since 20092.178.595.551
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662F0031/00E002 | Flanders | 5,782 m² | 1 · 356 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 13,781 EUR awarded · 9,043 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 6,088 EUR | 1,350 EUR |
| 2023 | 1 | 5,000 EUR | 5,000 EUR |
| 2022 | 2 | 2,693 EUR | 2,693 EUR |
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,570. 1,812 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-04-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0811507641
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.