SMICAL

Active

Private limited companyfounded 20215 yrs activeLe Four Matot (MQN) 6, 6593 Momignies, BelgiumKBO/BCE: BE 0765.300.603

The computed 12-month bankruptcy probability of SMICAL is 1.5% (moderate). The 2025 annual accounts show negative equity (€-120k) and a net result of €-28k. Equity is shrinking by ~66.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 7683 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

15 / 100

Critical= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency33=

Growth32=

Stability94

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.32 against 0.36 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

-141.1%

Return on assets

-32.7%

Age of the figures

8 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

2122232425

2021 to 2025 · latest year -€120k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 5 filings

Deviation from the deadline

2025

22 d late

2024

24 d early

2023

31 d late

2022

25 d late

2021

31 d early

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-120k▼ 30.1%

2024 · €-93k

2021: €9k 2022: €1k 2023: €-51k 2024: €-93k

2021 → 2025

Total assets

€85k▼ 9.8%

2024 · €95k

2021: €73k 2022: €146k 2023: €128k 2024: €95k

2021 → 2025

Net result

€-28k▲ 32.4%

2024 · €-41k

2021: €4k 2022: €-8k 2023: €-52k 2024: €-41k

2021 → 2025

Working capital

€-134k▼ 20.9%

2024 · €-111k

2021: €3k 2022: €-25k 2023: €-70k 2024: €-111k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€9k-€1k▼ 88.4%€-51k€-93k▼ 80.4%€-120k▼ 30.1%

Operating result€5k-€-6k€-50k▼ 701%€-32k▲ 36.1%€-20k▲ 37.5%

Net result€4k-€-8k€-52k▼ 569%€-41k▲ 21.2%€-28k▲ 32.4%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €20k in 2025 against €32k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €85k

24.2%

75.8%

Fixed assets €21k▼ 34.9%

Current assets €65k▲ 2.9%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-19k▲

2024 · €-23k

Cash flow

€-27k▲

2024 · €-32k

Solvency

-141.1%▼

2024 · -97.8%

Current ratio

0.32▼

2024 · 0.36

Quick ratio

0.32▼

2024 · 0.36

Debt / equity

-1.71▲

2024 · -2.02

ROE

23.2%▼

2024 · 44.6%

ROA

-32.7%▲

2024 · -43.6%

Interest coverage

-2.13▲

2024 · -2.32

Debt

€206k▲

2024 · €187k

Debt ≤ 1 year

€199k▲

2024 · €174k

Debt > 1 year

€6k▼

2024 · €13k

Income taxes

€77▼

2024 · €284

Staff costs

€247k▼

2024 · €273k

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€95k€85k▼

Fixed assets21/28€32k€21k▼

Tangible fixed assets22/27€17k€3k▼

Furniture and vehicles24€17k€3k▼

Financial fixed assets28€15k€18k▲

Current assets29/58€63k€65k▲

Amounts receivable after more than one year29€40k€30k▼

Other amounts receivable291€40k€30k▼

Amounts receivable within one year40/41€16k€31k▲

Trade receivables40€15k€29k▲

Other amounts receivable41€1k€1k=

Cash at bank and in hand54/58€2k-

Deferred charges and accrued income490/1€4k€4k▼

Equity and liabilities

Total equity and liabilities10/49€95k€85k▼

Equity10/15€-93k€-120k▼

Contributions10/11€5k€5k=

Reserves13€4k€4k=

Distributable reserves133€4k€4k=

Profit (loss) carried forward14€-101k€-129k▼

Amounts payable17/49€187k€206k▲

Amounts payable after more than one year17€13k€6k▼

Financial debts170/4€13k€6k▼

Amounts payable within one year42/48€174k€199k▲

Current portion of amounts payable after more than one year42€9k€7k▼

Financial debts43€9k€18k▲

Credit institutions430/8€9k€18k▲

Trade debts44€25k€17k▼

Suppliers440/4€25k€17k▼

Advances received on contracts in progress46-€12k

Taxes, remuneration and social security45€77k€94k▲

Taxes450/3€13k€26k▲

Remuneration and social security454/9€64k€68k▲

Other amounts payable47/48€54k€52k▼

Accrued charges and deferred income492/3-€332

Income statement Code20242025

Remuneration, social security and pensions62€273k€247k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€1k▼

Other operating charges640/8€1k€2k▲

Non-recurring operating charges66A-€14k

Gross operating margin9900€251k€244k▼

Operating profit (loss)9901€-32k€-20k▲

Financial income75/76B€1k€1k▼

Recurring financial income75€1k€1k▼

Financial charges65/66B€10k€9k▼

Recurring financial charges65€10k€9k▼

Profit (loss) for the period before taxes9903€-41k€-28k▲

Income taxes67/77€284€77▼

Profit (loss) for the period9904€-41k€-28k▲

Profit (loss) for the period to be appropriated9905€-41k€-28k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-101k€-129k▼

Profit (loss) brought forward from the previous period14P€-60k€-101k▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

22-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 22 days late

2025

07-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Weakest financial yearnet €-52k

Net result drops to €-52k, the lowest in the series; recovery starts the following year.

25-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 25 days late

2022

30-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Momignies · 1 establishment unit since 2021

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.

Le Four Matot (MQN) 66593 Momignies

Ground area

2,100 m²

Building footprint

200 m²

Parcel 56047A0036/00L000, Wallonia. Linked by address, not a title deed.

1 establishment unit

SMICAL

Le Four Matot (MQN) 6, 6593 MomigniesAgents in the wholesale of industrial machinery, ships and aircraft

since 20212.314.656.560

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56047A0036/00L000	Wallonia	2,100 m²	1 · 200 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

ELISIE

BE 1006.912.953

Herk-de-Stad · Eq €1k

Of 11,175 companies in sector 82100 we hold annual accounts for 3,489. 449 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-03-2021

Fiscal year end31-12

Activities, NACEBEL

82100Office administrative and support services

82110Office administrative, office support and other business support activities

70200Business and other management consultancy

70220Business consulting

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.