SMS & ASSOCIATES
ActiveSMS & ASSOCIATES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €500k and a net result of €143k. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 4.17 against 4.5 in 2024; short-term debt: 21.2% and cash: 25.7% of total assets), and 21.2% 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○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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
78.8%
Return on assets
22.6%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
13 d early
2023
21 d early
2022
66 d early
2021
45 d early
2020
36 d early
2019
31 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€500k▲ 8.9%
2024 · €459k
2018: €76k
2019: €133k
2020: €171k
2021: €173k
2022: €229k
2023: €355k
2024: €459k
2018 → 2025
Total assets
€635k▲ 5.5%
2024 · €601k
2018: €406k
2019: €430k
2020: €412k
2021: €398k
2022: €484k
2023: €486k
2024: €601k
2018 → 2025
Net result
€143k▼ 7.1%
2024 · €155k
2018: €68k
2019: €62k
2020: €38k
2021: €3k
2022: €56k
2023: €126k
2024: €155k
2018 → 2025
Working capital
€426k▲ 5.4%
2024 · €404k
2018: €39k
2019: €78k
2020: €117k
2021: €116k
2022: €158k
2023: €294k
2024: €404k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€173k-€229k▲ 32.2%€355k▲ 55.0%€459k▲ 29.3%€500k▲ 8.9%
Operating result€12k-€80k▲ 595%€193k▲ 142%€231k▲ 19.9%€209k▼ 9.7%
Net result€3k-€56k▲ 2,096%€126k▲ 126%€155k▲ 22.6%€143k▼ 7.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €635k
Fixed assets
€74k▼ 9.0%
Current assets
€561k▲ 7.8%
Equity and liabilities €635k
Equity
€500k▲ 8.9%
Debt
€135k▼ 5.4%
The debt ratio falls from 23.7% to 21.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€254k▼
2024 · €271k
Cash flow
€189k▼
2024 · €194k
Solvency
78.8%▲
2024 · 76.3%
Current ratio
4.17▼
2024 · 4.50
Quick ratio
4.17▼
2024 · 4.50
Debt / equity
0.27▼
2024 · 0.31
ROE
28.7%▼
2024 · 33.6%
ROA
22.6%▼
2024 · 25.7%
Interest coverage
110.58▲
2024 · 71.45
Debt
€135k▼
2024 · €142k
Debt ≤ 1 year
€135k▲
2024 · €115k
Income taxes
€67k▼
2024 · €75k
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€601k€635k▲
Fixed assets21/28€82k€74k▼
Tangible fixed assets22/27€77k€69k▼
Land and buildings22€63k€29k▼
Furniture and vehicles24€4k€33k▲
Other tangible fixed assets26€10k€8k▼
Financial fixed assets28€5k€5k=
Current assets29/58€520k€561k▲
Amounts receivable within one year40/41€96k€83k▼
Trade receivables40€95k€79k▼
Other amounts receivable41€397€4k▲
Current investments50/53€311k€314k▲
Cash at bank and in hand54/58€113k€163k▲
Deferred charges and accrued income490/1€655€585▼
Equity and liabilities
Total equity and liabilities10/49€601k€635k▲
Equity10/15€459k€500k▲
Contributions10/11€19k€19k=
Reserves13€441k€482k▲
Non-distributable reserves130/1€441k€482k▲
Reserves not available under the articles1311€441k€482k▲
Amounts payable17/49€142k€135k▼
Amounts payable after more than one year17€27k-
Financial debts170/4€27k-
Amounts payable within one year42/48€115k€135k▲
Current portion of amounts payable after more than one year42€27k€28k▲
Trade debts44€10k€10k▼
Suppliers440/4€10k€10k▼
Taxes, remuneration and social security45€61k€17k▼
Taxes450/3€60k€16k▼
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€17k€79k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€45k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€277k€260k▼
Operating profit (loss)9901€231k€209k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€230k€211k▼
Income taxes67/77€75k€67k▼
Profit (loss) for the period9904€155k€143k▼
Profit (loss) for the period to be appropriated9905€155k€143k▼
Appropriation of the result
Profit (loss) to be appropriated9906€155k€143k▼
Transfer from equity791/2€51k€102k▲
Transfer to equity691/2€155k€143k▼
To other reserves6921€155k€143k▼
Profit to be distributed694/7€51k€102k▲
Return on contributions (dividend)694€51k€102k▲
The notes to these accounts (8 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €500k ▲8.9%
8 profitable years in a row build equity to €500k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €155k ▲22.6%
Operating result €231k, net result €155k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.82
Current ratio from 1.91 to 4.82; short-term debt falls from €175k to €77k.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €229k ▲32.2%
5 profitable years in a row build equity to €229k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €3k ▼93.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €171k ▲28.2%
3 profitable years in a row build equity to €171k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €133k ▲75.2%
2 profitable years in a row build equity to €133k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kraainem · 1 establishment unit since 2003
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.
Hindenlaan 71950 KraainemGround area
783 m²
Building footprint
258 m²
Volume, LiDAR
2,074 m³
Parcel 22002C0047/00X022, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SMS & ASSOCIATES
since 20032.133.098.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0047/00X022 | Flanders | 783 m² | 1 · 258 m² | 11.1 m · 3 fl. |
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.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 34,616 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2003
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
46820Wholesale trade
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.