SMO
ActiveSMO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.24M and a net result of €679k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-6
Solvency69▼-2
Growth68▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.96 in 2024; short-term debt: 29.5% and cash: 19.1% of total assets), but 55.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
44.1%
Return on assets
3.6%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
27 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
31 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€14.85M▲ 41.3%
2024 · €10.51M
2023: €10.35M
2024: €10.51M
2023 → 2025
EBIT margin
6.7%▼ 0.8pp
2024 · 7.5%
2023: 14.0%
2024: 7.5%
2023 → 2025
Net result
€679k▲ 52.4%
2024 · €446k
2018: €686k
2019: €1.00M
2020: €758k
2021: €258k
2022: €1.13M
2023: €1.50M
2024: €446k
2018 → 2025
Working capital
€4.84M▼ 2.2%
2024 · €4.95M
2018: €1.63M
2019: €3.83M
2020: €4.39M
2021: €4.13M
2022: €4.66M
2023: €5.11M
2024: €4.95M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.35M€10.51M▲ 1.5%€14.85M▲ 41.3%
Equity€5.77M-€6.41M▲ 11.0%€7.12M▲ 11.0%€7.56M▲ 6.3%€8.24M▲ 9.0%
Operating result€431k-€996k▲ 131%€1.45M▲ 45.7%€791k▼ 45.5%€999k▲ 26.3%
Net result€258k-€1.13M▲ 337%€1.50M▲ 32.9%€446k▼ 70.2%€679k▲ 52.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.67M
Fixed assets
€8.32M▲ 31.6%
Current assets
€10.36M▲ 2.4%
Equity and liabilities €18.67M
Equity
€8.24M▲ 9.0%
Debt
€10.43M▲ 17.6%
The debt ratio rises from 54.0% to 55.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.58M▲
2024 · €1.48M
Cash flow
€1.26M▲
2024 · €1.14M
Solvency
44.1%▼
2024 · 46.0%
Current ratio
1.88▼
2024 · 1.96
Quick ratio
1.31▲
2024 · 1.08
Debt / equity
1.27▲
2024 · 1.17
ROE
8.2%▲
2024 · 5.9%
ROA
3.6%▲
2024 · 2.7%
Interest coverage
5.64▼
2024 · 9.98
Debt
€10.43M▲
2024 · €8.87M
Debt ≤ 1 year
€5.51M▲
2024 · €5.16M
Debt > 1 year
€4.87M▲
2024 · €3.66M
Income taxes
€183k▼
2024 · €217k
Staff costs
€4.04M▲
2024 · €3.78M
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€16.43M€18.67M▲
Fixed assets21/28€6.32M€8.32M▲
Intangible fixed assets21€45k€24k▼
Tangible fixed assets22/27€6.00M€8.00M▲
Land and buildings22€3.83M€7.15M▲
Plant, machinery and equipment23€423k€641k▲
Furniture and vehicles24€310k€202k▼
Assets under construction and advance payments27€1.43M-
Financial fixed assets28€277k€295k▲
Affiliated companies280/1€268k€293k▲
Participating interests280€268k€293k▲
Other financial fixed assets284/8€9k€2k▼
Amounts receivable and cash guarantees285/8€9k€2k▼
Current assets29/58€10.11M€10.36M▲
Stocks and contracts in progress3€4.53M€3.11M▼
Stocks30/36€2.83M€2.10M▼
Raw materials and consumables30/31€571k€408k▼
Work in progress32€471k€235k▼
Finished goods33€1.79M€1.46M▼
Contracts in progress37€1.70M€1.01M▼
Amounts receivable within one year40/41€1.50M€2.43M▲
Trade receivables40€1.17M€1.89M▲
Other amounts receivable41€333k€539k▲
Current investments50/53€959k€1.04M▲
Other investments51/53€959k€1.04M▲
Cash at bank and in hand54/58€3.01M€3.57M▲
Deferred charges and accrued income490/1€113k€207k▲
Equity and liabilities
Total equity and liabilities10/49€16.43M€18.67M▲
Equity10/15€7.56M€8.24M▲
Contributions10/11€80k€80k=
Reserves13€3.07M€3.75M▲
Non-distributable reserves130/1€8k-
Reserves not available under the articles1311€8k-
Tax-exempt reserves132€356k€1.26M▲
Distributable reserves133€2.71M€2.49M▼
Profit (loss) carried forward14€4.41M€4.41M=
Amounts payable17/49€8.87M€10.43M▲
Amounts payable after more than one year17€3.66M€4.87M▲
Financial debts170/4€3.64M€4.87M▲
Credit institutions173€3.64M€4.87M▲
Other amounts payable178/9€20k-
Amounts payable within one year42/48€5.16M€5.51M▲
Current portion of amounts payable after more than one year42€478k€487k▲
Financial debts43€498k€601k▲
Credit institutions430/8€498k€601k▲
Trade debts44€1.56M€1.17M▼
Suppliers440/4€1.56M€1.17M▼
Advances received on contracts in progress46€1.48M€2.19M▲
Taxes, remuneration and social security45€596k€690k▲
Taxes450/3€73k€98k▲
Remuneration and social security454/9€523k€592k▲
Other amounts payable47/48€550k€379k▼
Accrued charges and deferred income492/3€48k€53k▲
Income statement
Code20242025
Operating income70/76A€11.37M€14.12M▲
Turnover70€10.51M€14.85M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-66k€-1.25M▼
Own construction capitalised72€508k€107k▼
Other operating income74€402k€397k▼
Non-recurring operating income76A€14k€22k▲
Operating charges60/66A€10.58M€13.12M▲
Goods for resale, raw materials and consumables60€4.20M€5.58M▲
Purchases600/8€4.07M€5.42M▲
Change in stocks: decrease (increase)609€133k€163k▲
Services and other goods61€2.18M€2.87M▲
Remuneration, social security and pensions62€3.78M€4.04M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€691k€584k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-315k-
Other operating charges640/8€35k€45k▲
Operating profit (loss)9901€791k€999k▲
Financial income75/76B€21k€144k▲
Recurring financial income75€21k€119k▲
Income from financial fixed assets750€20k-
Income from current assets751€788€51k▲
Other financial income752/9€11€68k▲
Non-recurring financial income76B-€25k
Financial charges65/66B€149k€281k▲
Recurring financial charges65€149k€281k▲
Debt charges650€148k€281k▲
Other financial charges652/9€595€547▼
Profit (loss) for the period before taxes9903€662k€862k▲
Income taxes67/77€217k€183k▼
Taxes670/3€217k€193k▼
Tax adjustments and reversals of tax provisions77-€11k
Profit (loss) for the period9904€446k€679k▲
Transfer to tax-exempt reserves689€337k€905k▲
Profit (loss) for the period to be appropriated9905€109k€-226k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.52M€4.19M▼
Profit (loss) brought forward from the previous period14P€4.41M€4.41M=
Transfer from equity791/2-€226k
From reserves792-€226k
Transfer to equity691/2€109k-
To other reserves6921€109k-
Social balance
Average headcount (FTE)908751.152.8▲
The notes to these accounts (83 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Highest result since 2018net €1.50M ▲32.9%
Operating result €1.45M, net result €1.50M, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €258k ▼66%
Net result drops to €258k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 3.58
Current ratio from 1.72 to 3.58; short-term debt falls from €2.26M to €1.48M.
31-12
Financial
Equity above €5MEq €5.42M ▲62.7%
2 profitable years in a row build equity to €5.42M.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Eeklo · 1 establishment unit since 2002
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.
Nieuwendorpe 149900 EekloGround area
1.3 ha
Building footprint
2,251 m²
Parcel 43352F0320/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
Nieuwendorpe 14, 9900 Eeklo
since 20022.114.643.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0320/00N000 | Flanders | 1.3 ha | 1 · 2,250 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 · 10 entries · 74,226 EUR awarded · 74,226 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 28,500 EUR | 28,500 EUR |
| 2024 | 3 | 19,950 EUR | 19,950 EUR |
| 2023 | 1 | 5,672 EUR | 5,672 EUR |
| 2022 | 3 | 20,104 EUR | 20,104 EUR |
Schemes
Subsidies voor internationaal ondernemen
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
8 categoriesSMO BV32086
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
VANROBAEYS BART
BE 0471.950.134
Poperinge · Eq €8.21M
COEK ENGINEERING
BE 0405.790.788
Geel · Eq €8.21M
T.R.H. Liège
BE 0545.820.384
Liège · Eq €8.20M
ASK-Romein Malle
BE 0475.713.833
Malle · Eq €8.28M
BILFINGER MECHANICAL BELGIUM
BE 0434.761.225
Beveren-Kruibeke-Zwijndrecht · Eq €8.33M
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 457 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2002
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
71121Engineering and related technical consultancy, excluding land surveyors
74203
33200Installation of industrial machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.