Financials
- Fiscal year
- 2025
- Total assets
- €34,207
- Loss
- -€5,857
- Solvency
- 19.1%
Total assets▼ 3.4%
Net result
20182025
SMDG
ActiveSummary
SMDG has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,525 and a net result of -€5,857. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 8127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Public relations and communication consultancy
NACE 73300NACE 70210
1 site
Size
€34,207total assets 2025
- Equity
- €6,525
- Loss
- -€5,857
Turnover not published (abridged schema)
Structure
Accounts 49 d early0 of 4 deeds read
Why 69- 1 change of registered office in 24 months- Loss of €5,857 (FY 2025)+ Liquidity: current ratio 0.85, cash €20,016+ Size: total assets €34,207Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 23% of its sector peers (NACE 73, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
44-16
equity 19.1% of total assets
Liquidity
56-10
short-term debt 80.9% · cash 58.5%
Profitability
0-74
return on assets -17.1%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%▼ -1.5% vs 11-2024
01-2025: 0.1%▼ -15.2% vs 12-2024lowest value
02-2025: 0.1%● 0.0% vs 01-2025lowest value
03-2025: 0.1%▲ +7.1% vs 02-2025
04-2025: 0.1%▲ +5.0% vs 03-2025
05-2025: 0.1%▲ +8.7% vs 04-2025
06-2025: 0.1%▼ -2.2% vs 05-2025
07-2025: 0.2%▲ +17.9% vs 06-2025
08-2025: 0.3%▲ +74.7% vs 07-2025
09-2025: 0.3%● 0.0% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.2%▼ -12.7% vs 12-2025
02-2026: 0.2%● 0.0% vs 01-2026
03-2026: 0.2%▲ +2.1% vs 02-2026
04-2026: 0.2%▲ +1.2% vs 03-2026
05-2026: 0.3%▲ +1.6% vs 04-2026
06-2026: 0.2%▼ -2.4% vs 05-2026
07-2026: 0.6%▲ +143% vs 06-2026highest value
08-2026: 0.6%● 0.0% vs 07-2026highest value
09-2026: 0.6%▼ -0.8% vs 08-2026
10-2026: 0.6%● 0.0% vs 09-2026
- 1 change of registered office in 24 months raises the probability
- Liquidity: current ratio 0.85, cash €20,016 lowers the probability
- Loss of €5,857 (FY 2025) raises the probability
- Size: total assets €34,207 lowers the probability for this profile
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 (NACE 73, micro). Better than this share of them on solvency 25%, liquidity 47%, profitability 6%, growth against the median 14%. 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8127 sector peers (2025).
NBB · sector comparisonPosition among 8127 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
9 d early
2023
5 d early
2022
28 d early
2021
40 d early
2020
1 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€5,857
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 12-06-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 22-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Public relations and communication consultancyNACE 73300
- Founded
- 01-09-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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