SMISDOM
ActiveSummary
SMISDOM has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €498,746 and a net result of €29,078. Equity has been growing by about 6.5% per year since 2019. Its solvency ranks better than 67% of 186 sector peers (NACE 22, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-03-1991 Normal situation
- Activity
- Manufacture of rubber and plastic products NACE 22210and 1 other
- Joint committee
- 116 Paritair Comité voor de scheikundige nijverheid · annual accounts 31-07-2025
- Establishment unit
- 2.052.476.151 3800 Sint-Truiden, since 23-04-1991
- Financial year end
- 31 July
- Peppol
- Reachable since 11-03-2025
Board and ownership
- BIELEN SandraDirector · since 01-07-2019
- SMISDOM GeertDirector · since 01-07-2019
- SMISDOM WillyDirector · since 01-07-2019
- GEERT SMISDOM50.4%annual accounts 31-07-2025
- SIMONNE JAMAR24.8%annual accounts 31-07-2025
- WILLY SMISDOM24.8%annual accounts 31-07-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €310,604
- ▼ 22.4%
- Turnover
- ≈ €730,000
- estimated
- Profit
- €29,078
- ▼ 72.8%
- Equity
- €498,746
- ▼ 7.7%
- Total assets
- €817,258
- ▼ 11.2%
- Employees on 31-07-2025
- 5
- =
Score breakdownraises riskSector: Manufacture of rubber and plastic products (NACE 22)lowers riskLiquidity: current ratio 1.37, cash €192,378Founded in 1991Equity €498,746 (61.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, micro). It does better than 68% of them on solvency, 70% on liquidity, 55% on profitability and 27% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 62 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 04-11-2025 PDF all 34 filings
Every figure per financial year
The operating result for 2025 is 71% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-07-2022 | 31-07-2023 | 31-07-2024 | 31-07-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 6 | 5 | 5 |
| full-time | 1 | 2 | 1 | 1 |
| part-time | 5 | 4 | 4 | 4 |
| in full-time equivalents | 3.8 | 3.9 | 3.3 | 3.5 |
| Average over the year, in full-time equivalents | 4.1 | 4.1 | 3.4 | 3.8 |
| On a permanent contract | 6 | 6 | 5 | 4 |
| Joined | 2 | 2 | 2 | 2 |
| Left | 1 | 2 | 3 | 2 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 31-07-2022 | 31-07-2023 | 31-07-2024 | 31-07-2025 |
|---|---|---|---|---|
| Mortgage mandates | €545,366 | €545,366 | €534,366 | €534,366 |
| Carrying value of the mortgaged assets | - | - | €74,640 | €74,640 |
| Mandates to pledge the business | €49,579 | €49,579 | €49,579 | €49,579 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-07-2022 | 31-07-2023 | 31-07-2024 | 31-07-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €167,387 | €144,836 | €52,214 |
| Intangible fixed assets | - | - | - | €17,124 |
| Depreciation and write-downs of the year | €67,392 | €77,552 | €65,207 | €82,210 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €22,896 awarded · €22,896 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €6,010 | €6,010 |
| 2024 | 2 | €3,424 | €3,424 |
| 2023 | 2 | €8,419 | €8,419 |
| 2022 | 1 | €5,043 | €5,043 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €138,564 | €138,149 | €152,200 | €153,714 | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77,340 | €54,208 | €67,480 | €67,392 | €77,552 | €65,207 | €82,210 | ▲ 26.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €23 | €0 | €10,006 | - |
| Other operating charges640/8 | - | - | - | €18,539 | €18,194 | €25,085 | €19,290 | ▼ 23.1% |
| Gross operating margin9900 | €297,120 | €320,329 | €458,590 | €275,190 | €318,191 | €400,402 | €310,604 | ▼ 22.4% |
| Operating profit (loss)9901 | €54,574 | €101,178 | €238,639 | €50,696 | €84,273 | €157,909 | €45,384 | ▼ 71.3% |
| Financial income75/76B | - | - | - | €710 | €311 | €149 | €5,236 | ▲ 35× |
| Recurring financial income75 | €33 | €3,220 | €63 | €710 | €311 | €149 | €5,236 | ▲ 35× |
| Financial charges65/66B | - | - | - | €6,782 | €8,144 | €8,332 | €9,031 | ▲ 8.4% |
| Recurring financial charges65 | €5,838 | €7,236 | €8,250 | €6,782 | €8,144 | €8,332 | €9,031 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | €48,769 | €97,162 | €230,453 | €44,623 | €76,439 | €149,727 | €41,589 | ▼ 72.2% |
| Income taxes67/77 | €10,324 | €26,595 | €59,310 | €14,134 | €17,220 | €42,939 | €12,511 | ▼ 70.9% |
| Profit (loss) for the period9904 | €38,444 | €70,567 | €171,143 | €30,490 | €59,219 | €106,788 | €29,078 | ▼ 72.8% |
| Profit (loss) for the period to be appropriated9905 | €38,444 | €70,567 | €171,143 | €30,490 | €59,219 | €106,788 | €29,078 | ▼ 72.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €581,373 | €570,669 | €789,337 | €744,826 | €785,205 | €920,130 | €817,258 | ▼ 11.2% |
| Fixed assets21/28 | €282,660 | €238,887 | €370,117 | €302,726 | €392,561 | €468,744 | €455,871 | ▼ 2.7% |
| Intangible fixed assets21 | €9,610 | €5,376 | €18,726 | €14,020 | €9,314 | €5,719 | €16,539 | ▲ 189% |
| Tangible fixed assets22/27 | €272,839 | €233,301 | €351,316 | €288,630 | €383,171 | €462,950 | €439,257 | ▼ 5.1% |
| Land and buildings22 | - | - | - | €81,592 | €75,692 | €74,640 | €79,633 | ▲ 6.7% |
| Plant, machinery and equipment23 | - | - | - | €155,905 | €277,961 | €256,886 | €263,309 | ▲ 2.5% |
| Furniture and vehicles24 | - | - | - | €44,467 | €29,519 | €131,424 | €96,315 | ▼ 26.7% |
| Other tangible fixed assets26 | - | - | - | €6,667 | €0 | - | - | - |
| Financial fixed assets28 | €210 | €210 | €75 | €75 | €75 | €75 | €75 | = |
| Current assets29/58 | €298,714 | €331,783 | €419,220 | €442,100 | €392,644 | €451,386 | €361,386 | ▼ 19.9% |
| Stocks and contracts in progress3 | €51,250 | €35,310 | €41,430 | €48,200 | €35,000 | €47,998 | €86,656 | ▲ 80.5% |
| Stocks30/36 | - | - | - | €48,200 | €35,000 | €47,998 | €86,656 | ▲ 80.5% |
| Amounts receivable within one year40/41 | €127,258 | €56,601 | €89,807 | €50,065 | €80,728 | €114,147 | €54,782 | ▼ 52.0% |
| Trade receivables40 | - | - | - | €39,199 | €62,948 | €114,147 | €53,460 | ▼ 53.2% |
| Other amounts receivable41 | - | - | - | €10,866 | €17,780 | €0 | €1,322 | - |
| Cash at bank and in hand54/58 | €110,401 | €229,552 | €279,360 | €310,845 | €269,008 | €279,507 | €192,378 | ▼ 31.2% |
| Deferred charges and accrued income490/1 | - | - | - | €32,990 | €7,909 | €9,734 | €27,570 | ▲ 183% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €581,373 | €570,669 | €789,337 | €744,826 | €785,205 | €920,130 | €817,258 | ▼ 11.2% |
| Equity10/15 | €342,414 | €382,981 | €498,907 | €495,139 | €500,348 | €540,235 | €498,746 | ▼ 7.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €280,414 | €320,981 | €436,907 | €433,139 | €438,348 | €478,235 | €436,746 | ▼ 8.7% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €33,828 | €33,828 | €33,828 | €33,828 | = |
| Distributable reserves133 | - | - | - | €393,111 | €398,319 | €438,206 | €396,718 | ▼ 9.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €238,959 | €187,688 | €290,430 | €249,686 | €284,857 | €379,895 | €318,511 | ▼ 16.2% |
| Amounts payable after more than one year17 | €82,724 | €54,563 | €51,422 | €96,915 | €52,960 | €92,118 | €51,734 | ▼ 43.8% |
| Financial debts170/4 | - | - | - | €96,915 | €52,960 | €92,118 | €51,734 | ▼ 43.8% |
| Amounts payable within one year42/48 | €139,446 | €116,579 | €232,501 | €149,802 | €229,457 | €280,855 | €264,367 | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €53,370 | €48,956 | €45,879 | €51,263 | ▲ 11.7% |
| Trade debts44 | €78,927 | €60,533 | €137,683 | €74,491 | €149,224 | €151,902 | €123,917 | ▼ 18.4% |
| Suppliers440/4 | - | - | - | €74,491 | €149,224 | €151,902 | €123,917 | ▼ 18.4% |
| Taxes, remuneration and social security45 | - | - | - | €17,464 | €20,833 | €52,925 | €23,404 | ▼ 55.8% |
| Taxes450/3 | - | - | - | €1,894 | €3,770 | €39,016 | €8,234 | ▼ 78.9% |
| Remuneration and social security454/9 | - | - | - | €15,571 | €17,063 | €13,908 | €15,171 | ▲ 9.1% |
| Other amounts payable47/48 | - | - | - | €4,476 | €10,444 | €30,150 | €65,783 | ▲ 118% |
| Accrued charges and deferred income492/3 | - | - | - | €2,970 | €2,441 | €6,921 | €2,409 | ▼ 65.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,444 | €70,567 | €171,143 | €30,490 | €59,219 | €106,788 | €29,078 | ▼ 72.8% |
| + Depreciation and write-downs630 | €77,340 | €54,208 | €67,480 | €67,392 | €77,552 | €65,207 | €82,210 | ▲ 26.1% |
| Operating cash flow (approximation) | €115,784 | €124,774 | €238,623 | €97,881 | €136,771 | €171,996 | €111,289 | ▼ 35.3% |
| Investment in fixed assets (approximation) | - | -€10,435 | -€198,711 | €0 | -€167,387 | -€141,391 | -€69,338 | ▲ 51.0% |
| Change in cash | - | €119,151 | €49,808 | €31,485 | -€41,838 | €10,499 | -€87,128 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as SMISDOM has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SMISDOM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for SMISDOM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-07-2025 | abbreviated format | 04-11-2025 | 2025-00562185 | |
| 31-07-2024 | abbreviated format | 21-11-2024 | 2024-00603740 | |
| 31-07-2023 | abbreviated format | 18-01-2024 | 2024-00004829 | |
| 31-07-2022 | abbreviated format | 24-01-2023 | 2023-00003146 | |
| 31-07-2021 | abbreviated format | 03-01-2022 | 2022-00100249 | |
| 31-07-2020 | abbreviated format | 08-01-2021 | 2021-00700498 | |
| 31-07-2019 | abbreviated format | 28-01-2020 | 2020-02600144 | |
| 31-07-2018 | abbreviated format | 31-01-2019 | 2019-03800095 | |
| 31-07-2017 | abbreviated format | 31-01-2018 | 2018-03700125 | |
| 31-07-2016 | abbreviated format | 30-01-2017 | 2017-03100436 |
Board & ownership
Directors
Owners and capital
Shareholders
3 ownersOwners 3
- GEERT SMISDOMnatural personSourceown accounts 31-07-202550.4%
- SIMONNE JAMARnatural personSourceown accounts 31-07-202524.8%
- WILLY SMISDOMnatural personSourceown accounts 31-07-202524.8%
Capital transactions
- 25-07-2023 Capital stated in the deed · €62,000 · 125 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BIELEN Sandra |
|
| SMISDOM Geert |
|
| SMISDOM Willy |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Overblijvende bestuurders mogen nieuwe bestuurder coöpteren bij openvallen voor einde mandaat, minimum aantal door wet voorgeschreven”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering kan anders besluiten bij gewone meerderheid van stemmen, alle verrichtingen vermeld in wet”
Articles of association, deed of 25-07-2023 (in Dutch)
Network & group
Connections & network
3 current directorsThe network starts from the directors of SMISDOM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
25-07
Gazette deed
Company renamed from SMISDOM PLASTICS to SMISDOMResignations: SMISDOM Geert, BIELEN Sandra and SMISDOM Willy · Reappointments: SMISDOM Geert, BIELEN Sandra and SMISDOM Willy · Amendment of the articles11 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Name change, SMISDOM
- Capital, “euro 62.000” (deed in Dutch)
- Director resignation, SMISDOM Geert (director)
- Director resignation, BIELEN Sandra (director)
- Director resignation, SMISDOM Willy (director)
- Director reappointment, SMISDOM Geert (director (not named in the articles))
- Director reappointment, BIELEN Sandra (director (not named in the articles))
- Director reappointment, SMISDOM Willy (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerder, beslissen over kwijting voor uitoefening mandaat” (deed in Dutch)
- Registered office clause, “3800 Sint-Truiden,N.B.de Borchgravestraat 4412” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
2 activities
- Groot- en kleinhandel in artikelen van kunststoffen voor nijverheid,bouw en vrije tijd;
- Spuiten van kunststoffen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71352C0650/00W002 | Flanders | 8,143 m² | 1 · 2,701 m² | 7.8 m · 2 |