SMR Construct
ActiveSummary
The computed 12-month bankruptcy probability of SMR Construct is 1.8% (moderate). The 2025 annual accounts show equity of €12,390 and a net result of €11,390. Its solvency ranks better than 46% of 34,946 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-07-2024 Normal situation
- Registered office
- 605 active companies are registered at this address 116 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Other specialised construction activities NACE 43990and 4 others
- Establishment unit
- 2.388.176.325 1480 Tubize, since 30-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.8%
Annual accounts 2025
- Gross margin
- €16,227
- Turnover
- ≈ €220,000
- estimated
- Profit
- €11,390
- Equity
- €12,390
- Total assets
- €28,353
Score breakdownraises riskFounded in 20241 change of registered office in 24 monthsSize: total assets €28,353lowers riskFigures for financial year 2025 (filed on 29-06-2026)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 56% of micro companies in specialised construction (NACE 43)
Financial strength
Strong
Solvency
69
equity 43.7% of total assets
Liquidity
39
short-term debt 56.3% · cash 14.6%
Profitability
100
return on assets 40.2%
Bankruptcy probability within 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 3.8%
09-2025: 3.8%● unchanged vs 08-2025
10-2025: 3.9%▲ +0.1 percentage points vs 09-2025
11-2025: 4.3%▲ +0.4 percentage points vs 10-2025
12-2025: 4.5%▲ +0.2 percentage points vs 11-2025
01-2026: 5.0%▲ +0.5 percentage points vs 12-2025
02-2026: 5.0%● unchanged vs 01-2026
03-2026: 5.2%▲ +0.2 percentage points vs 02-2026
04-2026: 5.3%▲ +0.1 percentage points vs 03-2026
05-2026: 5.1%▼ -0.2 percentage points vs 04-2026
06-2026: 5.2%▲ +0.1 percentage points vs 05-2026
07-2026: 5.6%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 5.6%● unchanged vs 07-2026highest value
09-2026: 5.6%● unchanged vs 08-2026highest value
10-2026: 1.8%▼ -3.8 percentage points vs 09-2026lowest value
11-2026: 1.8%● unchanged vs 10-2026lowest value
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.25, below the usual 1.5. Short-term debt is 56.3% and cash 14.6% of total assets. 56.3% of the assets are financed with debt and provisions.
Calculation
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 43, micro). It does better than 47% of them on solvency, 28% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
32 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB
Turnover
≈ €220,000
Estimated: probably between €120,000 and €430,000
Total assets
€28,353
Net result
€11,390
Working capital
€4,043
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €28,353
Fixed assets
€8,347
Current assets
€20,006
Equity and liabilities €28,353
Equity
€12,390
Debt
€15,963
Debt's share of the balance-sheet total is 56.3%.
Key figures and ratios
EBITDA
€15,924
Cash flow
€13,043
Current ratio
1.25
Debt to equity
1.29
ROE
91.9%
ROA
40.2%
Interest coverage
65.94
Debt ≤ 1 year
€15,963
Income taxes
€3,149
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €10,000 |
| Depreciation and write-downs of the year | €1,653 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,653 |
| Other operating charges640/8 | €303 |
| Gross operating margin9900 | €16,227 |
| Operating profit (loss)9901 | €14,271 |
| Financial income75/76B | €510 |
| Recurring financial income75 | €510 |
| Financial charges65/66B | €241 |
| Recurring financial charges65 | €241 |
| Profit (loss) for the period before taxes9903 | €14,540 |
| Income taxes67/77 | €3,149 |
| Profit (loss) for the period9904 | €11,390 |
| Profit (loss) for the period to be appropriated9905 | €11,390 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €28,353 | |
| Fixed assets21/28 | €8,347 | |
| Tangible fixed assets22/27 | €8,347 | |
| Furniture and vehicles24 | €8,347 | |
| Current assets29/58 | €20,006 | |
| Amounts receivable within one year40/41 | €15,561 | |
| Trade receivables40 | €7,700 | |
| Other amounts receivable41 | €7,861 | |
| Cash at bank and in hand54/58 | €4,154 | |
| Deferred charges and accrued income490/1 | €291 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €28,353 | |
| Equity10/15 | €12,390 | |
| Contributions10/11 | €1,000 | |
| Profit (loss) carried forward14 | €11,390 | |
| Amounts payable17/49 | €15,963 | |
| Amounts payable within one year42/48 | €15,963 | |
| Trade debts44 | €12,813 | |
| Suppliers440/4 | €12,813 | |
| Taxes, remuneration and social security45 | €3,149 | |
| Taxes450/3 | €3,149 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €11,390 |
| + Depreciation and write-downs630 | €1,653 |
| Operating cash flow (approximation) | €13,043 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as SMR Construct has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
95.9%
was still going
That fits the bankruptcy probability of SMR Construct itself: 1.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for SMR Construct. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00229560 |
Board & ownership
Directors
Directors
1 director, no change since 2024
DA SILVA SANTOS, Fabio
Current
Director (not named in the articles) · appointed in the act of 01-08-2024 · term without a fixed end
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 01-08-2024Owners and capital
Shareholders
Stated in the act
act of 27-12-2024 ↗
- Fabio Da Silva Santos 75 shares
- Karoline Da Rocha Matias 25 shares
Share transfer
act of 27-12-2024 ↗
- Fabio Da Silva Santos to Karoline Da Rocha Matias 25 shares · 25%
At incorporation
act of 01-08-2024 ↗
- DA SILVA SANTOS, Fabio 100 shares (100%) · €1,000
Capital transactions
Capital over time
- 01-08-2024 Incorporation · €1,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Capital, shares and profit
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen van openstelling intekening, voorkeurrecht bij inbreng in geld met nieuwe aandelen”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 01-08-2024 (in Dutch)
Network & group
SMR Construct shares no director with another company.
Companies at the same address
604 other companies- VAN DER BOUW Registered office · since 2026 1044639223
- A.I COMPANY BE Registered office · since 2026 1044489169
- GROUP SOFIA Registered office · since 2026 1044514212
- KMC WORKS Registered office · since 2026 1044515301
- RUSU COMPANY Registered office · since 2026 1044489565
- ELEN CONSTRUCT Registered office · since 2026 1044414638
- PRO & SYK CONSTRUCT Registered office · since 2026 1044411371
- NMC CONSTRUCT Registered office · since 2026 1044338721
- ALSANAD Registered office · since 2026 1044238751
- NOVA LINK SERVICES Registered office · since 2026 1044006149
Connections & network
1 current directorThe network starts from the directors of SMR Construct. Every other company they run is a node.
This company
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Shareholding
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Timeline
Acts, filings and financial milestones
2026
29-06
micro format · 32 days before the deadline
2024
27-12
Gazette deed
Registered office moved to Sint-Pieters-LeeuwTransfer of 25 shares · Shareholding5 points ▸
Gazette deed
Registered office moved to Sint-Pieters-Leeuw
Transfer of 25 shares · Shareholding5 points ▸
- General meeting, 29-10-2024
- Registered-office move, Bergensesteenweg 24 bus 08,1600 Sint-Pieters-Leeuw
- Share transfer, Fabio Da Silva Santos → Karoline Da Rocha Matias
- Fabio Da Silva Santos holds 75 shares
- Karoline Da Rocha Matias holds 25 shares
01-08
Gazette deed
IncorporationStarting capital €1,000 · Appointment: DA SILVA SANTOS, Fabio (director) · Declaration · Founder13 points ▸
Gazette deed
Incorporation
Starting capital €1,000 · Appointment: DA SILVA SANTOS, Fabio (director) · Declaration · Founder13 points ▸
- Declaration, “bekwaamheidsverklaring” (deed in Dutch)
- Declaration, “identiteitsbevestiging, opzoekingen in het rijksregister” (deed in Dutch)
- Incorporation, “SMR Construct” (deed in Dutch)
- Founder, DA SILVA SANTOS, Fabio (comparant/oprichter)
- Other provision, 15-07-2024
- Founding capital, €1,000
- Other provision, “beschikking over gestort vermogen”, 1000 (deed in Dutch)
- Registered office clause, “1600 Sint-Pieters-Leeuw,Bergensesteenweg 24” (deed in Dutch)
- Other provision, “website en e-mailadres, publicatie in Belgisch Staatsblad en communicatie naar dat adres geldig geacht voor aandeelhouders,effectenhouders en certificaathouders” (deed in Dutch)
- Board rule, 1
- Director appointment, DA SILVA SANTOS, Fabio (director (not named in the articles))
- Other provision, “geen bestuursverbod, geen strafrechtelijk of burgerrechtelijk bestuursverbod tot uitbating onderneming of functie bestuurder,commissaris of zaakvoerder persoonl…” (deed in Dutch)
- The act holds 1 more point.
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SMR Construct in Dutch
Enterprise number
1012.049.104
Legal form
Private limited company
Status
Active, normale toestand
Founded
30-07-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 01-08-2024 (in Dutch)Name clauseThe company operates under this name according to its articles.
SMR Construct
deed of 01-08-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, kan bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…”
deed of 01-08-2024 (in Dutch)Registered office and establishments
Registered office
Bergensesteenweg 24, 1600 Sint-Pieters-Leeuw, Belgium
Establishment unit
Rue de l'Industrie 18, 1480 Tubize since 30-07-2024 · unit number 2.388.176.325
Activities
NACEBEL 202543990
Other specialised construction activities main activity
43310
Plastering work
43320
Joinery installation
43341
Painting of buildings
81210
General cleaning of buildings
Codes under NACEBEL 2008
43995
Specialised construction activities main activity
43310
Plastering work
43320
Joinery installation
43341
Painting of buildings
43999
Specialised construction activities
81210
General cleaning of buildings
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 01-08-2024 (in Dutch)
“Alle handelingen die direct of indirect verband houden met het onderhoud,de renovatie,de reparatie,de verfraaiing,de vernieuwing en de…”
6 activities
- Alle handelingen die direct of indirect verband houden met het onderhoud,de renovatie,de reparatie,de verfraaiing,de vernieuwing en de modernisering en het onderhoud van alle soorten kunstwerken,onroerende goederen,huizen,appartementen,bedrijven en industriële gebouwen,loodsen,schuren en silo's,en ovens,en meer in het algemeen alle handelingen die direct of indirect verband houden met de sectoren van openbare en particuliere werken en de bouw. De aanleg en het onderhoud van tuinen,parken,sportvelden,zwembaden,wegen,paden,hekken en omheiningen.
- Alle activiteiten van een algemene onderneming,de studie en uitvoering van alle bouwwerkzaamheden,openbaar en particulier,sleutel-op-de-deur of anderszins,de installatie en het onderhoud van metselwerk,bakstenen,betonnen constructies,zink,... als hoofdaannemer of als onderaannemer,het ontwerp en de bouw van alle gebouwen en bouwwerken,de renovatie,de sloop,de bouw en de verbouwing van gebouwen,de uitvoering van alle installatie- en reparatiewerkzaamheden,loodgieterswerk,elektriciteit,centrale verwarming,sanitaire installaties,het ontstoppen van riolen,hydraulische werkzaamheden,grondwerken,drainage,kabellegging,diverse leidingen en metalen constructies,voegen,schilderen (binnen en buiten),muurbekleding en vloeren,gevelwerk,pleisterwerk,timmerwerk en schrijnwerk,metaalbewerking,strippen,geluidsisolatie,thermische en koelisolatie,de schoonmaak en het onderhoud van gebouwen,ramen en kantoren,de installatie van sierschouwen of andere marmeren of stenen ornamenten,het plaatsen van sloten en bouwbeslag,deuren,raamkozijnen,kunststof plinten,het leggen van parket en alle houten vloeren,schoorsteenvegen,het plaatsen van elektrische apparaten,alarm- en bewakingssystemen,de installatie van verwarmings-,airconditioning-,koel- en ventilatiesystemen,de bouw van tanks,reservoirs,metalen constructies,de installatie van uitgeruste keukens,de fabricage,installatie en inrichting van stands en tentoonstellingsbeurzen,de montage en demontage van steigers en platforms,het onderhoud en de schoonmaak van allerlei gereedschap; de installatie,bouw,onderhoud en reparatie van personenliften en goederenliften.
- Het verstrekken van advies en bijstand,zowel technisch als administratief en commercieel,aan alle bedrijven en ondernemingen,voor alles wat betrekking heeft op de vastgoedsector.
- De aankoop,verkoop,import,export,groothandel en detailhandel,ambulante handel en openbare markten van alle producten,met name bouwmachines en andere.
- Alle activiteiten van een schoonmaakbedrijf voor huizen,lokalen,kantoren,bouwplaatsen.
- De aankoop,verkoop,import,export,groothandel en detailhandel,ambulante handel en openbare markten van schoonmaakmaterialen.
Invoicing and payment
VAT number
BE 1012.049.104
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1012.049.104
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 10:00
deed of 01-08-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the addresses
Ground area
1,857 m²
Building footprint
520 m²
Building volume
4,678 m³
Tallest building: 13.2 m.
Flanders
1
(50%)
Wallonia
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |
| 25105C0016/00R003 | Wallonia | 219 m² | 1 · 122 m² | 13.2 m · 4 |