SMU
SMU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3k and a net result of €74k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 9871 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €3k |
| Net result | €74k |
| Better than sector | 20% |
| Active | 6 yrs |
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.4% | 54.8% | |
| Net result | €74k | €29k | |
| Equity | €3k | €137k | |
| Gross operating margin | €75k | €58k | |
| Total assets | €19k | €337k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a |
| Net profit | €74k | €-25k | €8k | €-55k |
| Cash flow | n/a | n/a | n/a | n/a |
| Staff costs | - | €134 | €1k | €18k |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €19k | €6k | €47k | €28k |
| Equity | €3k | €-71k | €-46k | €-54k |
| Debt | €15k | €77k | €93k | €82k |
| of which ≤ 1y | €15k | €76k | €83k | €66k |
| of which > 1y | - | - | €10k | €15k |
| Working capital | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | 0.3 | 2.0 |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a |
| Solvency | 17.4% | -1148.6% | -97.0% | -192.1% |
| Debt / equity | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a |
| ROA | 400.3% | -404.8% | 16.3% | -197.5% |
| ROE | 2306.6% | 35.2% | -16.8% | 102.8% |
| EBITDA margin | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a |
Full annual accounts (21 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €19k | €6k | €47k | €28k |
| Fixed assets | 21/28 | - | - | - | €12k |
| Tangible fixed assets | 22/27 | - | - | - | €12k |
| Current assets | 29/58 | €19k | €6k | €47k | €16k |
| Amounts receivable within one year | 40/41 | €18k | €6k | €23k | €2k |
| Cash & bank | 54/58 | €40 | €126 | €24k | €13k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €19k | €6k | €47k | €28k |
| Equity | 10/15 | €3k | €-71k | €-46k | €-54k |
| Contributions / capital | 10/11 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €2k | €-72k | €-47k | €-55k |
| Amounts payable | 17/49 | €15k | €77k | €93k | €82k |
| Amounts payable after one year | 17 | - | - | €10k | €15k |
| Amounts payable within one year | 42/48 | €15k | €76k | €83k | €66k |
| Trade debts payable within one year | 44 | - | €4k | €2k | €10k |
| Income statement | |||||
| Gross operating margin | 9900 | €75k | €-24k | €10k | €-31k |
| Operating result | 9901 | €75k | €-25k | €9k | €-54k |
| Financial income | 75 | - | - | €0 | €1 |
| Financial charges | 65 | €384 | €114 | €839 | €882 |
| Result before taxes | 9903 | €74k | €-25k | €8k | €-55k |
| Net result for the period | 9904 | €74k | €-25k | €8k | €-55k |
| Result to be appropriated | 9905 | €74k | €-25k | €8k | €-55k |
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 02-06-2020 |
| Status | Active |
| Postal code | 9080 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0608/00D004indicative | Flanders | 811 m² | 1 · 192 m² | 7.5 m · 2 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
26-03-2026 General meeting · Notarial deed · Officer resignation · Permanent representative
- Publication: 26/03/2026 · HOTAK GROUP
- Filing: 18/03/2026 · HOTAK GROUP
- General meeting: 12/03/2026 · HOTAK GROUP
- Notarial deed: 12/03/2026 · HOTAK GROUP
- Officer resignation: role: bestuurder, start_date: 2026-03-12 · SMU
- Permanent representative · Isci Muhammet
- Officer appointment: role: bestuurder, start_date: 2026-03-12 · Isci Muhammet
Technical details
{
"facts": [
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"date": "2026-03-26",
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 26/03/2026",
"value": "26/03/2026",
"object": null,
"subject": "e1"
},
{
"date": "2026-03-18",
"type": "filing",
"quote": "NEERLEGGING TER GRIFFIE VAN DE ONDERNEMINGSRECHTBANK GENT ... 18 MAART 2026",
"value": "18/03/2026",
"object": null,
"subject": "e1"
},
{
"date": "2026-03-12",
"type": "general_meeting",
"quote": "Uit het verslag van de bijzondere algemene vergadering, gehouden ten zetel dd. 12/03/2026",
"value": "12/03/2026",
"object": null,
"subject": "e1"
},
{
"date": "2026-03-12",
"type": "notarial_deed",
"quote": "Aldus opgesteld te Merelbeke-Melle op 12/03/2026.",
"value": "12/03/2026",
"object": null,
"subject": "e1"
},
{
"date": "2026-03-12",
"type": "officer_resignation",
"quote": "De vergadering beslist om met ingang vanaf heden het ontslag als bestuurder te aanvaarden van BV SMU",
"value": {
"role": "bestuurder",
"start_date": "2026-03-12"
},
"object": null,
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"_value_raw": {
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}
},
{
"type": "permanent_representative",
"quote": "vast vertegenwoordigd door de heer Isci Muhammet",
"value": null,
"object": "e2",
"subject": "e3"
},
{
"date": "2026-03-12",
"type": "officer_appointment",
"quote": "In zijn vervanging wordt voorzien door te benoemen tot bestuurder, met ingang vanaf heden: de heer Isci Muhammet, die bij deze zijn mandaat aanvaardt.",
"value": {
"role": "bestuurder",
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],
"act_meta": {
"outcome": "clean",
"model_id": 50,
"verified": true,
"extractor": "verified-v1",
"ocr_chars": 1335,
"truncated": false
},
"entities": [
{
"id": "e1",
"kbo": "0674.758.427",
"kind": "company",
"name": "HOTAK GROUP",
"attrs": {}
},
{
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"kind": "company",
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"attrs": {}
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{
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}
]
}24-01-2025 Registered office moved from Destelbergen to Lochristi
- Dendermondesteenweg 830 : 9070 Destelbergen → 9080 Lochristi, Nieuwstraat 28
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "combined",
"new_address": {
"raw": "9080 Lochristi, Nieuwstraat 28",
"city": "Lochristi",
"region": "vlaams_gewest",
"street": "Nieuwstraat",
"country": "BE",
"postcode": "9080",
"box_number": null,
"street_number": "28",
"locality_suffix": null
},
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},
"effective_date": "2025-01-22",
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"effective_date_qualifier": "absolute",
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"linguistic_region_changed": false,
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],
"notary": {
"name": "Xavier Vanhaelemeesch",
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-01-24",
"filing_date": "2025-01-22",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
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"date": "2025-01-16",
"unanimous": true
},
"subject_company": {
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"publication_proxy": {
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},
"co_filed_documents": [
"Expeditie van de akte statutenwijziging",
"Geco\u00F6rdineerde statuten"
]
}| Legal nameNL | SMU |
| Trade nameNL | SMU |