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SMGMT

Active
Private limited companyfounded 20241 yr activeRue des Fossés Fleuris 46, 5000 Namur, BelgiumKBO/BCE: BE 1018.069.537
Summary

SMGMT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,752 and a net result of €59,752. Its solvency ranks better than 58% of 16142 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Financials · fiscal year 2025, micro schema

Equity
€64,752
Total assets
€163,126
Net result
€59,752
Working capital
€68,675

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €163,126
Fixed assets €47,034
Current assets €116,092
Equity and liabilities €163,126
Equity €64,752
Debt €98,373
Debt finances 60.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€88,497
Cash flow
€68,074
Current ratio
2.45
Quick ratio
2.36
Debt to equity
1.52
ROE
92.3%
ROA
36.6%
Interest coverage
16.18
Debt ≤ 1 year
€47,417
Debt > 1 year
€50,271
Income taxes
€15,224
Staff costs
€35,392

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 11,280 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
Filed annual accounts As filed with the NBB · 2025 · 44 lines
Balance sheet Code2025
Assets
Total assets20/58€163,126
Fixed assets21/28€47,034
Intangible fixed assets21€792
Tangible fixed assets22/27€46,242
Plant, machinery and equipment23€25,878
Furniture and vehicles24€12,765
Other tangible fixed assets26€7,599
Current assets29/58€116,092
Stocks and contracts in progress3€4,133
Stocks30/36€4,133
Amounts receivable within one year40/41€6,287
Trade receivables40€6,287
Cash at bank and in hand54/58€105,103
Deferred charges and accrued income490/1€569
Equity and liabilities
Total equity and liabilities10/49€163,126
Equity10/15€64,752
Contributions10/11€5,000
Profit (loss) carried forward14€59,752
Amounts payable17/49€98,373
Amounts payable after more than one year17€50,271
Financial debts170/4€50,271
Amounts payable within one year42/48€47,417
Current portion of amounts payable after more than one year42€5,655
Trade debts44€25,632
Suppliers440/4€25,632
Taxes, remuneration and social security45€9,604
Taxes450/3€3,134
Remuneration and social security454/9€6,470
Other amounts payable47/48€6,526
Accrued charges and deferred income492/3€686
Income statement Code2025
Remuneration, social security and pensions62€35,392
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,322
Other operating charges640/8€3,403
Gross operating margin9900€127,292
Operating profit (loss)9901€80,174
Financial income75/76B€271
Recurring financial income75€271
Financial charges65/66B€5,469
Recurring financial charges65€5,469
Profit (loss) for the period before taxes9903€74,976
Income taxes67/77€15,224
Profit (loss) for the period9904€59,752
Profit (loss) for the period to be appropriated9905€59,752
Appropriation of the result
Profit (loss) to be appropriated9906€59,752

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€35,392
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,322
Other operating charges640/8€3,403
Gross operating margin9900€127,292
Operating profit (loss)9901€80,174
Financial income75/76B€271
Recurring financial income75€271
Financial charges65/66B€5,469
Recurring financial charges65€5,469
Profit (loss) for the period before taxes9903€74,976
Income taxes67/77€15,224
Profit (loss) for the period9904€59,752
Profit (loss) for the period to be appropriated9905€59,752
Line2025
Assets
Total assets20/58€163,126
Fixed assets21/28€47,034
Intangible fixed assets21€792
Tangible fixed assets22/27€46,242
Plant, machinery and equipment23€25,878
Furniture and vehicles24€12,765
Other tangible fixed assets26€7,599
Current assets29/58€116,092
Stocks and contracts in progress3€4,133
Stocks30/36€4,133
Amounts receivable within one year40/41€6,287
Trade receivables40€6,287
Cash at bank and in hand54/58€105,103
Deferred charges and accrued income490/1€569
Equity and liabilities
Total equity and liabilities10/49€163,126
Equity10/15€64,752
Contributions10/11€5,000
Profit (loss) carried forward14€59,752
Amounts payable17/49€98,373
Amounts payable after more than one year17€50,271
Financial debts170/4€50,271
Amounts payable within one year42/48€47,417
Current portion of amounts payable after more than one year42€5,655
Trade debts44€25,632
Suppliers440/4€25,632
Taxes, remuneration and social security45€9,604
Taxes450/3€3,134
Remuneration and social security454/9€6,470
Other amounts payable47/48€6,526
Accrued charges and deferred income492/3€686
Line2025
Profit (loss) for the period9904€59,752
+ Depreciation and write-downs630€8,322
Operating cash flow (approximation)€68,074

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 20,514 companies in this sector we hold annual accounts for 11,654. 10,020 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector