SMJV
ActiveSummary
SMJV has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €181k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency34▼-37
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.84 against 1.51 in 2024; short-term debt: 90.7% and cash: 63.8% of total assets), and 90.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.3%
Return on assets
90.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
34 d early
2024
30 d early
2023
12 d early
2022
15 d early
2021
30 d early
2020
7 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 88.4%
2024 · €161k
2019: €92k
2020: €142k▲ +54.7% vs 2019
2021: €232k▲ +63.5% vs 2020
2022: €303k▲ +30.8% vs 2021
2023: €458k▲ +51.2% vs 2022highest in 7 years
2024: €161k▼ -64.9% vs 2023
2025: €19k▼ -88.4% vs 2024lowest in 7 years
2019 → 2025
Total assets
€200k▼ 42.8%
2024 · €349k
2019: €118klowest in 7 years
2020: €166k▲ +40.5% vs 2019
2021: €267k▲ +60.5% vs 2020
2022: €318k▲ +19.2% vs 2021
2023: €473k▲ +48.9% vs 2022highest in 7 years
2024: €349k▼ -26.2% vs 2023
2025: €200k▼ -42.8% vs 2024
2019 → 2025
Net result
€181k▼ 2.3%
2024 · €185k
2019: €79k
2020: €50k▼ -36.8% vs 2019lowest in 7 years
2021: €90k▲ +79.7% vs 2020
2022: €165k▲ +83.5% vs 2021
2023: €155k▼ -6.0% vs 2022
2024: €185k▲ +19.1% vs 2023highest in 7 years
2025: €181k▼ -2.3% vs 2024
2019 → 2025
Working capital
€-28k
2024 · €96k
2019: €92k
2020: €142k▲ +54.7% vs 2019
2021: €232k▲ +63.5% vs 2020
2022: €303k▲ +30.8% vs 2021
2023: €374k▲ +23.5% vs 2022highest in 7 years
2024: €96k▼ -74.5% vs 2023
2025: €-28k▼ -130% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€232k-€303k▲ 30.8%€458k▲ 51.2%€161k▼ 64.9%€19k▼ 88.4%
2021: €232k
2022: €303k▲ +30.8% vs 2021
2023: €458k▲ +51.2% vs 2022highest in 5 years
2024: €161k▼ -64.9% vs 2023
2025: €19k▼ -88.4% vs 2024lowest in 5 years
Operating result€113k-€214k▲ 88.4%€201k▼ 6.0%€240k▲ 19.8%€235k▼ 2.4%
2021: €113klowest in 5 years
2022: €214k▲ +88.4% vs 2021
2023: €201k▼ -6.0% vs 2022
2024: €240k▲ +19.8% vs 2023highest in 5 years
2025: €235k▼ -2.4% vs 2024
Net result€90k-€165k▲ 83.5%€155k▼ 6.0%€185k▲ 19.1%€181k▼ 2.3%
2021: €90klowest in 5 years
2022: €165k▲ +83.5% vs 2021
2023: €155k▼ -6.0% vs 2022
2024: €185k▲ +19.1% vs 2023highest in 5 years
2025: €181k▼ -2.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€47k ▼ 27.9%
Current assets
€153k ▼ 46.2%
Equity and liabilities €200k
Equity
€19k ▼ 88.4%
Debt
€181k ▼ 3.9%
Debt's share of the balance-sheet total rises from 54.0% to 90.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€254k▼
2024 · €259k
Cash flow
€200k▼
2024 · €204k
Current ratio
0.84▼
2024 · 1.51
Debt to equity
9.74▲
2024 · 1.17
ROE
971.2%▲
2024 · 115.0%
ROA
90.4%▲
2024 · 52.9%
Interest coverage
3244.75▲
2024 · 2641.64
Debt ≤ 1 year
€181k▼
2024 · €188k
Income taxes
€54k▼
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€349k€200k▼
Fixed assets21/28€65k€47k▼
Tangible fixed assets22/27€65k€47k▼
Furniture and vehicles24€65k€47k▼
Current assets29/58€284k€153k▼
Amounts receivable within one year40/41€224k€25k▼
Trade receivables40€224k€24k▼
Other amounts receivable41€0€1k▲
Cash at bank and in hand54/58€60k€127k▲
Equity and liabilities
Total equity and liabilities10/49€349k€200k▼
Equity10/15€161k€19k▼
Contributions10/11€19k€19k=
Reserves13€142k€0▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€142k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€188k€181k▼
Amounts payable within one year42/48€188k€181k▼
Trade debts44€11€704▲
Suppliers440/4€11€704▲
Taxes, remuneration and social security45€38k€21k▼
Taxes450/3€36k€19k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€150k€159k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k=
Other operating charges640/8€2k€626▼
Gross operating margin9900€261k€254k▼
Operating profit (loss)9901€240k€235k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€98€78▼
Recurring financial charges65€98€78▼
Profit (loss) for the period before taxes9903€240k€235k▼
Income taxes67/77€55k€54k▼
Profit (loss) for the period9904€185k€181k▼
Profit (loss) for the period to be appropriated9905€185k€181k▼
Appropriation of the result
Profit (loss) to be appropriated9906€185k€181k▼
Transfer from equity791/2€306k€142k▼
Transfer to equity691/2€8k€0▼
To other reserves6921€8k€0▼
Profit to be distributed694/7€483k€323k▼
Return on contributions (dividend)694€483k€323k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €10k | €19k | €19k | = |
| Other operating charges640/8 | - | €159 | €704 | €2k | €626 | ▼ 58.7% |
| Gross operating margin9900 | €114k | €214k | €212k | €261k | €254k | ▼ 2.5% |
| Operating profit (loss)9901 | €113k | €214k | €201k | €240k | €235k | ▼ 2.4% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €53 | €47 | €98 | €78 | ▼ 20.4% |
| Recurring financial charges65 | €32 | €53 | €47 | €98 | €78 | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €113k | €214k | €201k | €240k | €235k | ▼ 2.4% |
| Income taxes67/77 | €23k | €48k | €45k | €55k | €54k | ▼ 2.6% |
| Profit (loss) for the period9904 | €90k | €165k | €155k | €185k | €181k | ▼ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €90k | €165k | €155k | €185k | €181k | ▼ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €267k | €318k | €473k | €349k | €200k | ▼ 42.8% |
| Fixed assets21/28 | - | - | €84k | €65k | €47k | ▼ 27.9% |
| Tangible fixed assets22/27 | - | - | €84k | €65k | €47k | ▼ 27.9% |
| Furniture and vehicles24 | - | - | €84k | €65k | €47k | ▼ 27.9% |
| Current assets29/58 | €267k | €318k | €389k | €284k | €153k | ▼ 46.2% |
| Amounts receivable within one year40/41 | €182k | €24k | €29k | €224k | €25k | ▼ 88.7% |
| Trade receivables40 | - | €24k | €24k | €224k | €24k | ▼ 89.2% |
| Other amounts receivable41 | - | - | €5k | €0 | €1k | - |
| Cash at bank and in hand54/58 | €85k | €294k | €360k | €60k | €127k | ▲ 113% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €267k | €318k | €473k | €349k | €200k | ▼ 42.8% |
| Equity10/15 | €232k | €303k | €458k | €161k | €19k | ▼ 88.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €219k | €285k | €440k | €142k | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €283k | €438k | €142k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €35k | €15k | €15k | €188k | €181k | ▼ 3.9% |
| Amounts payable within one year42/48 | €35k | €15k | €15k | €188k | €181k | ▼ 3.9% |
| Trade debts44 | - | - | - | €11 | €704 | ▲ 6,501% |
| Suppliers440/4 | - | - | - | €11 | €704 | ▲ 6,501% |
| Taxes, remuneration and social security45 | - | €14k | €14k | €38k | €21k | ▼ 43.6% |
| Taxes450/3 | - | €12k | €12k | €36k | €19k | ▼ 46.1% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | €350 | €350 | €150k | €159k | ▲ 5.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90k | €165k | €155k | €185k | €181k | ▼ 2.3% |
| + Depreciation and write-downs630 | - | - | €10k | €19k | €19k | = |
| Operating cash flow (approximation) | €90k | €165k | €166k | €204k | €200k | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €-686 | - |
| Change in cash | - | €208k | €66k | €-300k | €68k | ▲ 123% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €185k ▲19.1%
Operating result €240k, net result €185k, both a record.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity triplescurrent ratio 21.73
Current ratio from 7.64 to 21.73; short-term debt falls from €35k to €15k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €200kEq €232k ▲63.5%
3 profitable years in a row build equity to €232k.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €50k ▼36.8%
Net result drops to €50k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €100kEq €142k ▲54.7%
2 profitable years in a row build equity to €142k.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Mol · 1 establishment unit since 2019
Ground area
3,047 m²
Building footprint
290 m²
Volume, LiDAR
1,896 m³
Parcel 13434F1888/00A000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SMJV
since 20192.286.703.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F1888/00A000 | Flanders | 3,047 m² | 1 · 290 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 29,800 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-03-2019
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.