Result
From profit to loss in 2025, after a profit of €18,553 in 2024.
From profit to loss in 2025, after a profit of €18,553 in 2024.
In 2025, 5 people joined and 5 left.
Four of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
Board changed. Latest change 02-10-2026 · 10 in office.
Lower net result than 85% of companies in membership organisations. Sector median €13,646 · 752 companies.
EU support: EU4Health.
The dashed line is the sector median: < 0.1% across 1,220 companies (NACE 94, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 94, micro). It does better than 79% of them on solvency, 92% on liquidity, 11% on profitability and 15% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 4,805 companies had the same profile as SMOKEFREE PARTNERSHIP has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SMOKEFREE PARTNERSHIP itself is lower: < 0.1% within 12 months. It rests on far more data about SMOKEFREE PARTNERSHIP than the profile alone.
The method was tested on the 497,447 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 4,805 companies, not a prediction for SMOKEFREE PARTNERSHIP. 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.
Liquidity is ample, with a current ratio of 14.87 (12.63 in 2024), above the usual 1.5. Short-term debt is 6.7% and cash 88.2% of total assets. 20.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 94), the median for financial year 2024 was 29 days before the deadline, and 25% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SMOKEFREE PARTNERSHIP Schaerbeek | €0.7m | €299,434 | 79.9% | 4.4 |
| Coalition Plus Belgique Brussels | €0.7m | €264,378 | -119.2% | 5.7 |
| MEMO MEDICAL Zele | €0.9m | €241,016 | -5.9% | 6.2 |
| Association Europeenne des Ligues contre le Cancer Schaerbeek | €0.9m | €455,123 | 22.7% | 7.1 |
| CENTRE FRANCO BASAGLIA Liège | €1.5m | €301,061 | 82.5% | 3.8 |
| Vroegtijdige Opsporing Brugge Bruges | €0.9m | €456,265 | 78.1% | 4.4 |
| WORLD BLADDER CANCER PATIENT COALITION Brussels | €0.8m | €565,101 | 71.4% | 3.8 |
These companies have the same main activity as SMOKEFREE PARTNERSHIP: activities of membership organisations (NACE 94993). They are comparable in size and age: total assets between €654,000 and €1.5m, founded between 1995 and 2019.
SMOKEFREE PARTNERSHIP has existed since 2010. The present size dates from 2015. The gross margin rose that year from €22,796 to €150,315 and staff from 1.5 to 3.5 full-time equivalents.
Solvency fell in 2025 from 89.1% to 79.9% because of the loss.
In September 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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