SMN
ActiveSummary
SMN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €186k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency25▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
0.3%
Return on assets
51.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 5%
← weakest
strongest →
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 17-03-2026, 136 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
136 d early
2024
66 d early
2023
68 d early
2022
49 d early
2021
33 d early
2020
45 d early
2019
24 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 91.2%
2024 · €14k
Total assets
€365k▼ 5.9%
2024 · €387k
Net result
€186k▲ 30.4%
2024 · €143k
Working capital
€-52k▼ 9.5%
2024 · €-47k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€91k▲ 15.4%€141k▲ 54.9%€145k▲ 3.0%€194k▲ 33.8%€255k▲ 31.5%
Net result€70k▲ 9.3%€104k▲ 49.5%€109k▲ 5.1%€143k▲ 30.7%€186k▲ 30.4%
Equity€166k▲ 72.3%€10k▼ 94.0%€14k▲ 44.1%€14k=€1k▼ 91.2%
Total assets€398k▲ 28.2%€304k▼ 23.7%€370k▲ 22.0%€387k▲ 4.6%€365k▼ 5.9%
Debt€232k▲ 8.4%€294k▲ 26.7%€356k▲ 21.3%€373k▲ 4.8%€363k▼ 2.6%
Working capital€129k▲ 117%€-31k€-36k▼ 19.0%€-47k▼ 29.7%€-52k▼ 9.5%
Staff (FTE)11=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €365k
Fixed assets
€165k ▼ 13.9%
Current assets
€200k ▲ 1.8%
Equity and liabilities €365k
Equity
€1k ▼ 91.2%
Debt
€363k ▼ 2.6%
Debt's share of the balance-sheet total rises from 96.3% to 99.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€286k▲
2024 · €224k
Cash flow
€217k▲
2024 · €173k
Current ratio
0.79▼
2024 · 0.81
ROA
51.1%▲
2024 · 36.9%
Interest coverage
70.91▲
2024 · 57.72
Debt ≤ 1 year
€251k▲
2024 · €243k
Debt > 1 year
€111k▼
2024 · €127k
Income taxes
€65k▲
2024 · €49k
Staff costs
€40k▲
2024 · €37k
A ratio outside any meaningful range has been withheld (balance sheet total €365k, equity €1k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26k | €32k | €40k | €37k | €40k | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €17k | €25k | €30k | €31k | ▲ 2.3% |
| Other operating charges640/8 | €2k | €3k | €3k | €2k | €3k | ▲ 46.7% |
| Gross operating margin9900 | €135k | €193k | €213k | €263k | €329k | ▲ 24.8% |
| Operating profit (loss)9901 | €91k | €141k | €145k | €194k | €255k | ▲ 31.5% |
| Financial income75/76B | - | - | €334 | €2k | €459 | ▼ 78.7% |
| Recurring financial income75 | - | - | €334 | €2k | €459 | ▼ 78.7% |
| Financial charges65/66B | €4k | €432 | €4k | €4k | €4k | ▲ 3.9% |
| Recurring financial charges65 | €4k | €432 | €4k | €4k | €4k | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €86k | €140k | €141k | €192k | €251k | ▲ 30.9% |
| Income taxes67/77 | €17k | €36k | €32k | €49k | €65k | ▲ 32.1% |
| Profit (loss) for the period9904 | €70k | €104k | €109k | €143k | €186k | ▲ 30.4% |
| Profit (loss) for the period to be appropriated9905 | €70k | €104k | €109k | €143k | €186k | ▲ 30.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €398k | €304k | €370k | €387k | €365k | ▼ 5.9% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €197k | €187k | €202k | €191k | €165k | ▼ 13.9% |
| Tangible fixed assets22/27 | €197k | €187k | €202k | €191k | €165k | ▼ 13.9% |
| Land and buildings22 | €185k | €175k | €161k | €147k | €136k | ▼ 7.9% |
| Plant, machinery and equipment23 | €611 | €2k | €1k | €11k | €10k | ▼ 13.4% |
| Furniture and vehicles24 | €12k | €10k | €40k | €33k | €19k | ▼ 41.0% |
| Current assets29/58 | €201k | €116k | €168k | €196k | €200k | ▲ 1.8% |
| Amounts receivable within one year40/41 | €16k | €12k | €11k | €26k | €62k | ▲ 134% |
| Trade receivables40 | €16k | €12k | €8k | €25k | €61k | ▲ 139% |
| Other amounts receivable41 | - | - | €4k | €1k | €1k | ▲ 7.3% |
| Current investments50/53 | - | - | €50k | - | - | - |
| Cash at bank and in hand54/58 | €165k | €86k | €89k | €156k | €124k | ▼ 20.7% |
| Deferred charges and accrued income490/1 | €19k | €18k | €18k | €14k | €14k | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €398k | €304k | €370k | €387k | €365k | ▼ 5.9% |
| Equity10/15 | €166k | €10k | €14k | €14k | €1k | ▼ 91.2% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €165k | €9k | €13k | €13k | €257 | ▼ 98.1% |
| Distributable reserves133 | €165k | €9k | €13k | €13k | €257 | ▼ 98.1% |
| Amounts payable17/49 | €232k | €294k | €356k | €373k | €363k | ▼ 2.6% |
| Amounts payable after more than one year17 | €160k | €146k | €150k | €127k | €111k | ▼ 12.8% |
| Financial debts170/4 | €160k | €146k | €150k | €127k | €111k | ▼ 12.8% |
| Amounts payable within one year42/48 | €72k | €147k | €205k | €243k | €251k | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €22k | €22k | €45k | ▲ 101% |
| Trade debts44 | €10k | €3k | €822 | €954 | €2k | ▲ 142% |
| Suppliers440/4 | €10k | €3k | €822 | €954 | €2k | ▲ 142% |
| Taxes, remuneration and social security45 | €39k | €45k | €40k | €36k | €39k | ▲ 8.8% |
| Taxes450/3 | €39k | €45k | €34k | €30k | €33k | ▲ 8.9% |
| Remuneration and social security454/9 | - | €172 | €5k | €6k | €6k | ▲ 8.1% |
| Other amounts payable47/48 | €11k | €87k | €142k | €184k | €165k | ▼ 10.4% |
| Accrued charges and deferred income492/3 | €297 | €283 | €2k | €3k | €957 | ▼ 63.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €104k | €109k | €143k | €186k | ▲ 30.4% |
| + Depreciation and write-downs630 | €16k | €17k | €25k | €30k | €31k | ▲ 2.3% |
| Operating cash flow (approximation) | €85k | €122k | €134k | €173k | €217k | ▲ 25.6% |
| Investment in fixed assets (approximation) | - | €-8k | €-40k | €-19k | €-4k | ▲ 78.0% |
| Change in cash | - | €-79k | €2k | €68k | €-32k | ▼ 148% |
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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €186k ▲30.4%
Operating result €255k, net result €186k, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
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 €150kEq €166k ▲72.3%
3 profitable years in a row build equity to €166k.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
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 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, Oosterzele · 1 establishment unit since 2019
Ground area
865 m²
Building footprint
314 m²
Volume, LiDAR
1,735 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SMN
since 20192.293.605.283
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44059B1053/00G002 | Flanders | 542 m² | 1 · 139 m² | 9.9 m · 1 fl. |
| 44059B1054/00E000 | Flanders | 323 m² | 1 · 175 m² | 9.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 764 EUR awarded · 764 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 210 EUR | 210 EUR |
| 2024 | 1 | 174 EUR | 174 EUR |
| 2023 | 1 | 174 EUR | 174 EUR |
| 2022 | 1 | 206 EUR | 206 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 645 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
Founded23-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.