SMDISCOVER
ActiveSummary
The computed 12-month bankruptcy probability of SMDISCOVER is 2.5% (moderate). The 2025 annual accounts show negative equity (€-2k) and a net result of €-14k. Equity is shrinking by ~99.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 3489 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency8▼-72
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 1.8 in 2024; short-term debt: 116.8% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-16.8%
Return on assets
-144.6%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
72 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-2k
2024 · €12k
2023: €2k
2024: €12k▲ +667% vs 2023highest in 3 years
2025: €-2k▼ -113% vs 2024lowest in 3 years
2023 → 2025
Total assets
€10k▼ 56.8%
2024 · €23k
2023: €10k
2024: €23k▲ +125% vs 2023highest in 3 years
2025: €10k▼ -56.8% vs 2024lowest in 3 years
2023 → 2025
Net result
€-14k
2024 · €11k
2023: €628
2024: €11k▲ +1629% vs 2023highest in 3 years
2025: €-14k▼ -230% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-10k
2024 · €8k
2023: €-111
2024: €8k▲ +7404% vs 2023highest in 3 years
2025: €-10k▼ -224% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€2k-€12k▲ 667%€-2k
2023: €2k
2024: €12k▲ +667% vs 2023highest in 3 years
2025: €-2k▼ -113% vs 2024lowest in 3 years
Operating result€3k-€13k▲ 387%€-13k
2023: €3k
2024: €13k▲ +387% vs 2023highest in 3 years
2025: €-13k▼ -202% vs 2024lowest in 3 years
Net result€628-€11k▲ 1,629%€-14k
2023: €628
2024: €11k▲ +1629% vs 2023highest in 3 years
2025: €-14k▼ -230% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10k
Fixed assets
€8k ▲ 93.1%
Current assets
€1k ▼ 92.7%
Key figures and ratios
EBITDA
€-11k▼
2024 · €15k
Cash flow
€-12k▼
2024 · €13k
Solvency
-16.8%▼
2024 · 55.2%
Current ratio
0.12▼
2024 · 1.80
Debt to equity
-6.97▼
2024 · 0.81
ROA
-144.6%▼
2024 · 48.0%
Interest coverage
-16.05▼
2024 · 69.14
Debt
€11k▲
2024 · €10k
Debt ≤ 1 year
€11k▲
2024 · €10k
Income taxes
€0▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€23k€10k▼
Fixed assets21/28€4k€8k▲
Tangible fixed assets22/27€4k€8k▲
Furniture and vehicles24€4k€8k▲
Current assets29/58€18k€1k▼
Amounts receivable within one year40/41€15k€1k▼
Trade receivables40€2k€783▼
Other amounts receivable41€13k€427▼
Cash at bank and in hand54/58€3k€8▼
Deferred charges and accrued income490/1€20€119▲
Equity and liabilities
Total equity and liabilities10/49€23k€10k▼
Equity10/15€12k€-2k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€11k€-3k▼
Amounts payable17/49€10k€11k▲
Amounts payable within one year42/48€10k€11k▲
Financial debts43€0€3k▲
Credit institutions430/8€0€3k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€12€449▲
Non-recurring operating charges66A€0€2k▲
Gross operating margin9900€15k€-9k▼
Operating profit (loss)9901€13k€-13k▼
Financial income75/76B€571€7▼
Recurring financial income75€571€7▼
Financial charges65/66B€221€704▲
Recurring financial charges65€221€704▲
Profit (loss) for the period before taxes9903€14k€-14k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€11k€-14k▼
Profit (loss) for the period to be appropriated9905€11k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-3k▼
Profit (loss) brought forward from the previous period14P€628€11k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €332 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | ▲ 2.7% |
| Other operating charges640/8 | - | €12 | €449 | ▲ 3,651% |
| Non-recurring operating charges66A | €5k | €0 | €2k | - |
| Gross operating margin9900 | €10k | €15k | €-9k | ▼ 160% |
| Operating profit (loss)9901 | €3k | €13k | €-13k | ▼ 202% |
| Financial income75/76B | €871 | €571 | €7 | ▼ 98.8% |
| Recurring financial income75 | €871 | €571 | €7 | ▼ 98.8% |
| Financial charges65/66B | €3k | €221 | €704 | ▲ 218% |
| Recurring financial charges65 | €3k | €221 | €704 | ▲ 218% |
| Profit (loss) for the period before taxes9903 | €1k | €14k | €-14k | ▼ 204% |
| Income taxes67/77 | €418 | €3k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €628 | €11k | €-14k | ▼ 230% |
| Profit (loss) for the period to be appropriated9905 | €628 | €11k | €-14k | ▼ 230% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10k | €23k | €10k | ▼ 56.8% |
| Fixed assets21/28 | €2k | €4k | €8k | ▲ 93.1% |
| Tangible fixed assets22/27 | €2k | €4k | €8k | ▲ 93.1% |
| Furniture and vehicles24 | €2k | €4k | €8k | ▲ 93.1% |
| Current assets29/58 | €8k | €18k | €1k | ▼ 92.7% |
| Amounts receivable within one year40/41 | €8k | €15k | €1k | ▼ 92.1% |
| Trade receivables40 | €8k | €2k | €783 | ▼ 59.5% |
| Other amounts receivable41 | €432 | €13k | €427 | ▼ 96.8% |
| Cash at bank and in hand54/58 | - | €3k | €8 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | €119 | €20 | €119 | ▲ 488% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10k | €23k | €10k | ▼ 56.8% |
| Equity10/15 | €2k | €12k | €-2k | ▼ 113% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €628 | €11k | €-3k | ▼ 123% |
| Amounts payable17/49 | €8k | €10k | €11k | ▲ 12.4% |
| Amounts payable within one year42/48 | €8k | €10k | €11k | ▲ 12.4% |
| Financial debts43 | €502 | €0 | €3k | - |
| Credit institutions430/8 | €502 | €0 | €3k | - |
| Trade debts44 | €7k | €5k | €4k | ▼ 27.2% |
| Suppliers440/4 | €7k | €5k | €4k | ▼ 27.2% |
| Taxes, remuneration and social security45 | €449 | €5k | €3k | ▼ 47.6% |
| Taxes450/3 | €449 | €5k | €3k | ▼ 47.6% |
| Other amounts payable47/48 | - | - | €2k | - |
| Accrued charges and deferred income492/3 | €12 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €628 | €11k | €-14k | ▼ 230% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | ▲ 2.7% |
| Operating cash flow (approximation) | €2k | €13k | €-12k | ▼ 193% |
| Investment in fixed assets (approximation) | - | €-5k | €-6k | ▼ 32.2% |
| Change in cash | - | - | €-3k | - |
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
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2023net €11k ▲1,629%
Operating result €13k, net result €11k, both a record.
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2021
Ground area
1.3 ha
Building footprint
914 m²
Volume, LiDAR
14,327 m³
Parcel 21612C0294/00Z019, Brussels · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SMDISCOVER
since 20212.328.681.176
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0294/00Z019 | Brussels | 1.3 ha | 1 · 914 m² | 18.9 m · 6 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.
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Of 6,293 companies in sector 74120 we hold annual accounts for 1,011. 775 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
Founded25-10-2021
Fiscal year end30-06
Activities, NACEBEL 2025
74120Graphic design and visual communication
Scores and ratios are computed by Checked and are not a credit decision.