SMETS CONCEPT STORE BRUSSELS
ActiveThe computed 12-month bankruptcy probability of SMETS CONCEPT STORE BRUSSELS is 2.5% (moderate). The 2025 annual accounts show negative equity (€-503k) and a net result of €-90k. Equity is shrinking by ~51.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 10310 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+13
Solvency11▼-5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.51 in 2024; short-term debt: 38% and cash: 1.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
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
-13.7%
Return on assets
-2.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-503k
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
38 d early
2023
23 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
31 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-90k▲ 68.6%
2024 · €-287k
2018: €-233k
2019: €-128k
2020: €-206k
2021: €-138k
2022: €-55k
2023: €-90k
2024: €-287k
2018 → 2025
Working capital
€-640k▼ 32.6%
2024 · €-482k
2018: €58k
2019: €74k
2020: €-13k
2021: €-53k
2022: €-141k
2023: €-193k
2024: €-482k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€322k-€191k▼ 40.5%€26k▼ 86.5%€-337k€-503k▼ 49.2%
Operating result€87k-€151k▲ 73.2%€94k▼ 38.0%€-138k€33k
Net result€-138k-€-55k▲ 60.1%€-90k▼ 63.7%€-287k▼ 220%€-90k▲ 68.6%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €33k after a loss of €138k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.68M
Fixed assets
€2.92M▼ 14.7%
Current assets
€758k▲ 50.8%
Key figures and ratios
EBITDA
€538k▲
2024 · €442k
Cash flow
€415k▲
2024 · €293k
Solvency
-13.7%▼
2024 · -8.6%
Current ratio
0.54▲
2024 · 0.51
Quick ratio
0.30▲
2024 · 0.14
Debt / equity
-8.32▲
2024 · -12.66
ROA
-2.5%▲
2024 · -7.3%
Interest coverage
2.65▲
2024 · 1.88
Debt
€4.18M▼
2024 · €4.27M
Debt ≤ 1 year
€1.40M▲
2024 · €985k
Debt > 1 year
€2.78M▼
2024 · €3.28M
Income taxes
€129▲
2024 · €0
Staff costs
€217k▼
2024 · €303k
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€3.93M€3.68M▼
Fixed assets21/28€3.43M€2.92M▼
Tangible fixed assets22/27€3.43M€2.92M▼
Plant, machinery and equipment23€29k€17k▼
Furniture and vehicles24€17k€11k▼
Leasing and similar rights25€3.34M€2.87M▼
Other tangible fixed assets26€37k€26k▼
Financial fixed assets28€360€360=
Current assets29/58€503k€758k▲
Stocks and contracts in progress3€361k€334k▼
Stocks30/36€361k€334k▼
Amounts receivable within one year40/41€48k€371k▲
Trade receivables40€34k€195k▲
Other amounts receivable41€14k€176k▲
Cash at bank and in hand54/58€85k€46k▼
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€3.93M€3.68M▼
Equity10/15€-337k€-503k▼
Contributions10/11€8.93M€8.93M=
Profit (loss) carried forward14€-9.72M€-9.81M▼
Investment grants15€454k€378k▼
Amounts payable17/49€4.27M€4.18M▼
Amounts payable after more than one year17€3.28M€2.78M▼
Financial debts170/4€3.28M€2.78M▼
Amounts payable within one year42/48€985k€1.40M▲
Current portion of amounts payable after more than one year42€469k€496k▲
Trade debts44€488k€894k▲
Suppliers440/4€488k€894k▲
Taxes, remuneration and social security45€25k€8k▼
Taxes450/3€0-
Remuneration and social security454/9€25k€8k▼
Other amounts payable47/48€3k€353▼
Income statement
Code20242025
Non-recurring operating income76A€0€6k▲
Remuneration, social security and pensions62€303k€217k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€580k€505k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€659▲
Other operating charges640/8€466k€403k▼
Gross operating margin9900€1.21M€1.16M▼
Operating profit (loss)9901€-138k€33k▲
Financial income75/76B€86k€80k▼
Recurring financial income75€86k€80k▼
Financial charges65/66B€235k€203k▼
Recurring financial charges65€235k€203k▼
Profit (loss) for the period before taxes9903€-287k€-90k▲
Income taxes67/77€0€129▲
Profit (loss) for the period9904€-287k€-90k▲
Profit (loss) for the period to be appropriated9905€-287k€-90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9.72M€-9.81M▼
Profit (loss) brought forward from the previous period14P€-9.43M€-9.72M▼
Social balance
Average headcount (FTE)90874.83.2▼
The notes to these accounts (20 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 · abbreviated schema · 31 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-287k
Net result drops to €-287k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Schaarbeek · 3 establishment units since 2008
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.
Leuvensesteenweg 650-6521030 SchaarbeekGround area
5,281 m²
Building footprint
3,592 m²
Volume, LiDAR
35,706 m³
3 parcels, Brussels, Flanders · tallest building 31.8 m, ±8 floors. Linked by address, not a title deed.
3 establishment units
SMETS CONCEPT STORE BRUSSELS
since 20082.173.653.501
Smets Bruxelles
since 20222.338.817.379
Albertplein 16, 8300 Knokke-Heist
since 20262.391.030.994
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0097/00Y000 | Brussels | 4,404 m² | 1 · 2,665 m² | 13.5 m · 3 fl. |
| 21804D0316/00B000 | Brussels | 454 m² | 1 · 505 m² | 23.7 m · 6 fl. |
| 31332E0024/00_000 | Flanders | 422 m² | 1 · 422 m² | 31.8 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,211 companies in sector 47711 we hold annual accounts for 889. 648 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2008
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.