SMMC
ActiveSummary
SMMC has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €531,755 and a net result of €237,293. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 9.36 against 2.02 in 2024; short-term debt: 10.2% and cash: 17.5% of total assets), and 10.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
89.8%
Return on assets
40.1%
Age of the figures
9 mo
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
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
3 d early
2023
1 d early
2022
20 d early
2021
33 d early
2020
24 d late
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 11 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€531,755▲ 80.6%
2024 · €294,463
Total assets
€592,211▲ 67.9%
2024 · €352,666
Net result
€237,293▲ 505%
2024 · €39,249
Working capital
€505,276▲ 755%
2024 · €59,106
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75,914▲ 173%€44,336▼ 41.6%€28,303▼ 36.2%€58,659▲ 107%€346,347▲ 490%
Net result€52,253within the sector's middle half▲ 271%€25,785within the sector's middle half▼ 50.7%€16,096within the sector's middle half▼ 37.6%€39,249within the sector's middle half▲ 144%€237,293above the sector's middle half▲ 505%
Equity€213,333within the sector's middle half▲ 32.4%€239,117within the sector's middle half▲ 12.1%€255,214above the sector's middle half▲ 6.7%€294,463above the sector's middle half▲ 15.4%€531,755above the sector's middle half▲ 80.6%
Total assets€390,457within the sector's middle half▲ 19.6%€381,794within the sector's middle half▼ 2.2%€355,797within the sector's middle half▼ 6.8%€352,666within the sector's middle half▼ 0.9%€592,211above the sector's middle half▲ 67.9%
Debt€177,124▲ 7.1%€142,676▼ 19.4%€100,583▼ 29.5%€58,204▼ 42.1%€60,456▲ 3.9%
Working capital-€3,779below the sector's middle half▲ 75.5%€7,986within the sector's middle half€6,733within the sector's middle half▼ 15.7%€59,106within the sector's middle half▲ 778%€505,276above the sector's middle half▲ 755%
Solvency54.6%within the sector's middle half▲ 5.3pp62.6%within the sector's middle half▲ 8.0pp71.7%within the sector's middle half▲ 9.1pp83.5%above the sector's middle half▲ 11.8pp89.8%above the sector's middle half▲ 6.3pp
Current ratio0.96below the sector's middle half▲ 0.211.09within the sector's middle half▲ 0.131.08within the sector's middle half▼ 0.012.02within the sector's middle half▲ 0.949.36above the sector's middle half▲ 7.34
Return on assets (ROA)13.4%within the sector's middle half▲ 9.1pp6.8%within the sector's middle half▼ 6.6pp4.5%within the sector's middle half▼ 2.2pp11.1%within the sector's middle half▲ 6.6pp40.1%above the sector's middle half▲ 28.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 490% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €592,211
Fixed assets
€26,479 ▼ 88.7%
Current assets
€565,732 ▲ 382%
Equity and liabilities €592,211
Equity
€531,755 ▲ 80.6%
Debt
€60,456 ▲ 3.9%
Debt's share of the balance-sheet total falls from 16.5% to 10.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€358,154▲
2024 · €89,298
Cash flow
€249,100▲
2024 · €69,887
Debt to equity
0.11▼
2024 · 0.20
ROE
44.6%▲
2024 · 13.3%
Interest coverage
443.13▲
2024 · 56.85
Debt ≤ 1 year
€60,456▲
2024 · €58,204
Income taxes
€108,507▲
2024 · €17,840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 17,811 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,593 | €28,836 | €29,835 | €30,638 | €11,807 | ▼ 61.5% |
| Other operating charges640/8 | €1,206 | €1,290 | €2,987 | €1,347 | €1,526 | ▲ 13.3% |
| Gross operating margin9900 | €99,713 | €74,461 | €61,126 | €90,644 | €359,680 | ▲ 297% |
| Operating profit (loss)9901 | €75,914 | €44,336 | €28,303 | €58,659 | €346,347 | ▲ 490% |
| Financial income75/76B | €110 | - | - | - | €260 | - |
| Recurring financial income75 | €110 | - | - | - | €260 | - |
| Financial charges65/66B | €5,756 | €4,432 | €3,081 | €1,571 | €808 | ▼ 48.5% |
| Recurring financial charges65 | €5,756 | €4,432 | €3,081 | €1,571 | €808 | ▼ 48.5% |
| Profit (loss) for the period before taxes9903 | €70,267 | €39,903 | €25,222 | €57,089 | €345,799 | ▲ 506% |
| Income taxes67/77 | €18,014 | €14,119 | €9,126 | €17,840 | €108,507 | ▲ 508% |
| Profit (loss) for the period9904 | €52,253 | €25,785 | €16,096 | €39,249 | €237,293 | ▲ 505% |
| Profit (loss) for the period to be appropriated9905 | €52,253 | €25,785 | €16,096 | €39,249 | €237,293 | ▲ 505% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €390,457 | €381,794 | €355,797 | €352,666 | €592,211 | ▲ 67.9% |
| Fixed assets21/28 | €307,842 | €283,676 | €261,295 | €235,357 | €26,479 | ▼ 88.7% |
| Tangible fixed assets22/27 | €307,842 | €283,676 | €261,295 | €235,357 | €26,479 | ▼ 88.7% |
| Land and buildings22 | €260,220 | €242,359 | €223,831 | €205,303 | €7,179 | ▼ 96.5% |
| Furniture and vehicles24 | €47,622 | €41,317 | €37,464 | €30,054 | €19,300 | ▼ 35.8% |
| Current assets29/58 | €82,615 | €98,117 | €94,502 | €117,310 | €565,732 | ▲ 382% |
| Amounts receivable within one year40/41 | €40,200 | €17,424 | €39,083 | €38,720 | €16,759 | ▼ 56.7% |
| Trade receivables40 | €40,018 | €17,424 | €39,083 | €38,720 | €16,759 | ▼ 56.7% |
| Other amounts receivable41 | €182 | - | - | - | - | - |
| Current investments50/53 | €13,184 | €19,184 | €25,184 | €33,684 | €442,944 | ▲ 1,215% |
| Cash at bank and in hand54/58 | €27,457 | €60,103 | €28,737 | €39,201 | €103,777 | ▲ 165% |
| Deferred charges and accrued income490/1 | €1,773 | €1,406 | €1,498 | €5,705 | €2,253 | ▼ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €390,457 | €381,794 | €355,797 | €352,666 | €592,211 | ▲ 67.9% |
| Equity10/15 | €213,333 | €239,117 | €255,214 | €294,463 | €531,755 | ▲ 80.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | - | - | - | - |
| Other1109/19 | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €29,360 | €55,145 | €71,241 | €110,490 | €347,490 | ▲ 214% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €27,500 | €53,285 | €69,381 | €108,630 | €345,630 | ▲ 218% |
| Profit (loss) carried forward14 | €177,773 | €177,773 | €177,773 | €177,773 | €178,065 | ▲ 0.2% |
| Amounts payable17/49 | €177,124 | €142,676 | €100,583 | €58,204 | €60,456 | ▲ 3.9% |
| Amounts payable after more than one year17 | €90,730 | €52,545 | €12,814 | - | - | - |
| Financial debts170/4 | €90,730 | €52,545 | €12,814 | - | - | - |
| Amounts payable within one year42/48 | €86,394 | €90,131 | €87,769 | €58,204 | €60,456 | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | €39,059 | €40,534 | €42,129 | €15,214 | €4,065 | ▼ 73.3% |
| Trade debts44 | €4,138 | €4,894 | €3,987 | €6,562 | €1,799 | ▼ 72.6% |
| Suppliers440/4 | €4,138 | €4,894 | €3,987 | €6,562 | €1,799 | ▼ 72.6% |
| Taxes, remuneration and social security45 | €31,166 | €32,645 | €29,652 | €24,665 | €42,829 | ▲ 73.6% |
| Taxes450/3 | €28,376 | €32,645 | €26,862 | €21,875 | €40,039 | ▲ 83.0% |
| Remuneration and social security454/9 | €2,790 | - | €2,790 | €2,790 | €2,790 | = |
| Other amounts payable47/48 | €12,031 | €12,059 | €12,001 | €11,763 | €11,763 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,253 | €25,785 | €16,096 | €39,249 | €237,293 | ▲ 505% |
| + Depreciation and write-downs630 | €22,593 | €28,836 | €29,835 | €30,638 | €11,807 | ▼ 61.5% |
| Operating cash flow (approximation) | €74,847 | €54,620 | €45,932 | €69,887 | €249,100 | ▲ 256% |
| Investment in fixed assets (approximation) | - | -€4,670 | -€7,454 | -€4,700 | €197,071 | ▲ 4,293% |
| Change in cash | - | €32,645 | -€31,366 | €10,464 | €64,576 | ▲ 517% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €237,293 ▲505%
Operating result €346,347, net result €237,293, both a record.
31-12
Financial
Liquidity times 5current ratio 9.36
Current ratio from 2.02 to 9.36.
31-12
Financial
Equity above €500,000Eq €531,755 ▲80.6%
8 profitable years in a row build equity to €531,755.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €213,333 ▲32.4%
4 profitable years in a row build equity to €213,333.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €14,088 ▼3.2%
Net result drops to €14,088, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €161,080 ▲8.6%
3 profitable years in a row build equity to €161,080.
Show earlier events
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Meise · 1 establishment unit since 2006
Ground area
1,567 m²
Building footprint
232 m²
Volume, LiDAR
524 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20062.157.436.782
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093F0220/00W004 | Flanders | 1,313 m² | 1 · 155 m² | 0.1 m |
| 23084A0399/00T013 | Flanders | 254 m² | 1 · 77 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 34,187 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 (pre-2019)
Founded02-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82300Organisation of conventions and trade shows
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884712848
Also
9925:BE0884712848
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.