Skip to content

SMS Mill Services

Active
Private limited companyfounded 20242 yrs activeMarsveldplein 5, 1050 Elsene, BelgiumKBO/BCE: BE 1011.199.561
Summary

The computed 12-month bankruptcy probability of SMS Mill Services is 3.7% (moderate). The 2024 annual accounts show equity of €1.1m and a net result of €162,475. Its solvency ranks better than 51% of 241 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability76
Solvency64
Growth-
Track record67
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.57; short-term debt: 30.4% and cash: 10.6% of total assets), but 61% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
39%
Return on assets
5.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
9 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 9 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 July 2024, SMS Mill Services was incorporated as a Private limited company.1 Henrik NIELSEN has served as director of the company since 2026.2 The company has filed annual accounts once, for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 13-07-2026
  3. 3National Bank, annual accounts 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, abbreviated schema

Equity
€1.1m
Total assets
€2.8m
Net result
€162,475
Working capital
€482,709

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €2.8m
Fixed assets €1.5m
Current assets €1.3m
Equity and liabilities €2.8m
Equity €1.1m
Debt €1.7m
Debt finances 61.0% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€314,221
Cash flow
€227,860
Current ratio
1.57
Debt to equity
1.56
ROE
14.9%
ROA
5.8%
Interest coverage
11.68
Debt ≤ 1 year
€847,249
Debt > 1 year
€850,590
Income taxes
€59,455
Staff costs
€697,503

Peer companies

Historical observation

Of the 3,128 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,128 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 46 lines
Balance sheet Code2024
Assets
Total assets20/58€2.8m
Formation expenses20€4,384
Fixed assets21/28€1.5m
Tangible fixed assets22/27€1.4m
Plant, machinery and equipment23€207,272
Furniture and vehicles24€86,397
Leasing and similar rights25€1.2m
Financial fixed assets28€2,900
Current assets29/58€1.3m
Amounts receivable within one year40/41€1.0m
Trade receivables40€994,973
Other amounts receivable41€34,939
Cash at bank and in hand54/58€294,983
Deferred charges and accrued income490/1€5,064
Equity and liabilities
Total equity and liabilities10/49€2.8m
Equity10/15€1.1m
Contributions10/11€925,000
Reserves13€162,475
Distributable reserves133€162,475
Amounts payable17/49€1.7m
Amounts payable after more than one year17€850,590
Financial debts170/4€850,590
Amounts payable within one year42/48€847,249
Current portion of amounts payable after more than one year42€252,011
Trade debts44€430,453
Suppliers440/4€430,453
Taxes, remuneration and social security45€164,786
Taxes450/3€59,455
Remuneration and social security454/9€105,330
Income statement Code2024
Remuneration, social security and pensions62€697,503
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65,385
Other operating charges640/8€2,725
Gross operating margin9900€1.0m
Operating profit (loss)9901€248,836
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€26,906
Recurring financial charges65€26,906
Profit (loss) for the period before taxes9903€221,930
Income taxes67/77€59,455
Profit (loss) for the period9904€162,475
Profit (loss) for the period to be appropriated9905€162,475
Appropriation of the result
Profit (loss) to be appropriated9906€162,475
Transfer to equity691/2€162,475
To other reserves6921€162,475
Social balance
Average headcount (FTE)908713.5

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€697,503
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65,385
Other operating charges640/8€2,725
Gross operating margin9900€1.0m
Operating profit (loss)9901€248,836
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€26,906
Recurring financial charges65€26,906
Profit (loss) for the period before taxes9903€221,930
Income taxes67/77€59,455
Profit (loss) for the period9904€162,475
Profit (loss) for the period to be appropriated9905€162,475
Line2024
Assets
Total assets20/58€2.8m
Formation expenses20€4,384
Fixed assets21/28€1.5m
Tangible fixed assets22/27€1.4m
Plant, machinery and equipment23€207,272
Furniture and vehicles24€86,397
Leasing and similar rights25€1.2m
Financial fixed assets28€2,900
Current assets29/58€1.3m
Amounts receivable within one year40/41€1.0m
Trade receivables40€994,973
Other amounts receivable41€34,939
Cash at bank and in hand54/58€294,983
Deferred charges and accrued income490/1€5,064
Equity and liabilities
Total equity and liabilities10/49€2.8m
Equity10/15€1.1m
Contributions10/11€925,000
Reserves13€162,475
Distributable reserves133€162,475
Amounts payable17/49€1.7m
Amounts payable after more than one year17€850,590
Financial debts170/4€850,590
Amounts payable within one year42/48€847,249
Current portion of amounts payable after more than one year42€252,011
Trade debts44€430,453
Suppliers440/4€430,453
Taxes, remuneration and social security45€164,786
Taxes450/3€59,455
Remuneration and social security454/9€105,330
Line2024
Profit (loss) for the period9904€162,475
+ Depreciation and write-downs630€65,385
Operating cash flow (approximation)€227,860

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
13-07
State Gazette act Resignation: Christopher MERLEY (director)
Appointment: Henrik NIELSEN (director) · Reappointment: BV BDO BEDRIJFSREVISOREN (statutory auditor) · Permanent representative: Guillaume ROSOLEN7 facts ▸
  • General meeting, 21-01-2026
  • Director resignation, Christopher MERLEY (director)
  • Director appointment, Henrik NIELSEN (director)
  • Board composition, Felipe PINTO (director)
  • Board composition, Henrik NIELSEN (director)
  • Auditor reappointment, BV BDO BEDRIJFSREVISOREN (statutory auditor)
  • Permanent representative, Guillaume ROSOLEN (permanent representative)
2025
22-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 director, last change in 2026

Board 1

Henrik NIELSEN
Director · since 21-01-2026
Current

Statutory auditor 1

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Statutory auditor · since 21-01-2026 · perm. rep.: Guillaume ROSOLEN
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 2 establishment units since 2024
seat establishment All 2 establishment units on the map
Ground area
36.2 ha
Building footprint
2,261 m²
Volume, LiDAR
98,133 m³
2 parcels, Brussels, Wallonia · tallest building 99.0 m, ±27 floors. Linked by address, not a title deed.
406 companies at this address See who is registered here
2 establishment units
SMS Mill Services
Marsveldplein 5, 1050 ElseneWaste collection, recovery and disposal activities
since 20242.361.363.050
SMS Mill Services
Rue de Chatelet 266, 6030 CharleroiWaste collection, recovery and disposal activities
since 20242.361.363.941
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
52044A0411/00G005 Wallonia 35.8 ha 1 · 955 m² -
21009A0769/00S002 Brussels 3,724 m² 1 · 1,306 m² 99.0 m · 27 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.

Mandate history

3 people since 2026, 2 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Henrik NIELSEN
  • Director, from 21-01-2026 to date
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
  • Statutory auditor, from 21-01-2026 to date
Christopher MERLEY
  • Director, until 21-01-2026
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Similar companies · same sector, comparable size

Of 978 companies in sector 38210 we hold annual accounts for 587. 420 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
Founded04-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011199561
Registered 09-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.