SMILING FACE
ActiveSMILING FACE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-7k) and a net result of €-19k. Equity is shrinking by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
33
/ 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
Profitability0▼-16
Solvency0▼-49
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.12 against 1.93 in 2024; short-term debt: 68.6% and cash: 52% of total assets), and equity is negative.
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
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
-44.3%
Return on assets
-111.7%
Age of the figures
9 mo
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 · 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 €-7k
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 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
on the day
2023
9 d late
2022
31 d late
2021
23 d late
2020
30 d late
2019
40 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€43k
EBIT margin
-6.3%
Net result
€-19k▼ 208%
2024 · €-6k
2018: €-3k
2019: €-4k
2020: €9k
2021: €-7k
2022: €-3k
2023: €-6k
2024: €-6k
2018 → 2025
Working capital
€1k▼ 91.9%
2024 · €16k
2018: €27k
2019: €23k
2020: €25k
2021: €19k
2022: €21k
2023: €21k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€23k▼ 10.2%€17k▼ 25.4%€11k▼ 35.0%€-7k
Operating result€-5k-€3k€-3k€-4k▼ 60.6%€-17k▼ 318%
Net result€-7k-€-3k▲ 63.0%€-6k▼ 124%€-6k▼ 3.0%€-19k▼ 208%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€4k▼ 67.6%
Current assets
€13k▼ 62.4%
Key figures and ratios
EBITDA
€-9k▼
2024 · €4k
Cash flow
€-11k▼
2024 · €2k
Solvency
-44.3%▼
2024 · 24.4%
Current ratio
1.12▼
2024 · 1.93
Quick ratio
1.12▼
2024 · 1.80
Debt / equity
-3.26▼
2024 · 3.10
ROA
-111.7%▼
2024 · -13.1%
Interest coverage
-5.00▼
2024 · 1.59
Debt
€24k▼
2024 · €35k
Debt ≤ 1 year
€12k▼
2024 · €18k
Debt > 1 year
€12k▼
2024 · €17k
Income taxes
€425▼
2024 · €1k
Staff costs
€5k▲
2024 · €5k
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€46k€17k▼
Fixed assets21/28€12k€4k▼
Tangible fixed assets22/27€12k€4k▼
Plant, machinery and equipment23€38€17▼
Furniture and vehicles24€11k€4k▼
Other tangible fixed assets26€321-
Financial fixed assets28€363€363=
Current assets29/58€34k€13k▼
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€29k€4k▼
Trade receivables40€3k-
Other amounts receivable41€26k€4k▼
Cash at bank and in hand54/58€1k€9k▲
Deferred charges and accrued income490/1€1k€129▼
Equity and liabilities
Total equity and liabilities10/49€46k€17k▼
Equity10/15€11k€-7k▼
Contributions10/11€8k€8k=
Capital10-€8k
Issued capital100-€8k
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-8k€-27k▼
Amounts payable17/49€35k€24k▼
Amounts payable after more than one year17€17k€12k▼
Financial debts170/4€17k€12k▼
Amounts payable within one year42/48€18k€12k▼
Current portion of amounts payable after more than one year42€5k€5k▼
Financial debts43€1k€14▼
Credit institutions430/8€1k€14▼
Trade debts44€3k€67▼
Suppliers440/4€3k€67▼
Taxes, remuneration and social security45€3k€701▼
Taxes450/3€3k€424▼
Remuneration and social security454/9€179€277▲
Other amounts payable47/48€6k€6k=
Accrued charges and deferred income492/3€66€489▲
Income statement
Code20242025
Remuneration, social security and pensions62€5k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€967€1k▲
Gross operating margin9900€10k€-3k▼
Operating profit (loss)9901€-4k€-17k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-5k€-18k▼
Income taxes67/77€1k€425▼
Profit (loss) for the period9904€-6k€-19k▼
Profit (loss) for the period to be appropriated9905€-6k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-27k▼
Profit (loss) brought forward from the previous period14P€-2k€-8k▼
The notes to these accounts (6 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
05-08
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 17/07/2026
- Registered-office move, Clos de la Maloue 20, 1410 Waterloo
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 41 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2001
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.
Clos de la Maloue 201410 WaterlooGround area
1,477 m²
Building footprint
192 m²
Volume, LiDAR
1,429 m³
2 parcels, Wallonia · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SMILING FACE SPRL
since 20012.094.318.090
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763K0647/00A000 | Wallonia | 1,167 m² | 1 · 113 m² | 6.0 m · 2 fl. |
| 25764Q0305/00N000 | Wallonia | 310 m² | 1 · 79 m² | 13.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
NEW LADIES FASHION
BE 0718.880.262
Charleroi · Eq €11k
AKA SOLUTIONS
BE 0542.775.475
Watermaal-Bosvoorde · Eq €11k
Fleur de Lin
BE 0742.582.114
Hannut · Eq €11k
FAMILY CONCEPT
BE 0775.474.022
Theux · Eq €11k
EXCEPTION
BE 0425.682.124
Etterbeek · Eq €11k
Of 6,503 companies in sector 47716 we hold annual accounts for 2,440. 1,297 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2000
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
47715Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.