SMUCO
ActiveSummary
SMUCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €508,076 and a net result of -€1,108. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▲+20
Solvency75▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 2.08 in 2023; short-term debt: 41.8% and cash: 4.5% of total assets), but 50.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.8%
Return on assets
-0.1%
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 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
on the day
2022
on the day
2021
32 d early
2020
61 d late
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€508,076▼ 1.1%
2023 · €513,584
Total assets
€1.0m▲ 4.6%
2023 · €974,365
Net result
-€1,108▲ 93.5%
2023 · -€17,052
Working capital
€458,618▼ 1.6%
2023 · €466,045
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€179,214▲ 82.2%€287,602▲ 60.5%€22,139▼ 92.3%-€9,896€12,285
Net result€119,079above the sector's middle half▲ 98.7%€183,660above the sector's middle half▲ 54.2%€9,247within the sector's middle half▼ 95.0%-€17,052below the sector's middle half-€1,108within the sector's middle half▲ 93.5%
Equity€344,095within the sector's middle half▲ 52.9%€527,756within the sector's middle half▲ 53.4%€537,003above the sector's middle half▲ 1.8%€513,584within the sector's middle half▼ 4.4%€508,076above the sector's middle half▼ 1.1%
Total assets€521,889within the sector's middle half▼ 10.3%€1.1mwithin the sector's middle half▲ 102%€1.0mabove the sector's middle half▼ 1.1%€974,365within the sector's middle half▼ 6.6%€1.0mabove the sector's middle half▲ 4.6%
Debt€177,794▼ 50.2%€526,450▲ 196%€505,978▼ 3.9%€460,782▼ 8.9%€511,521▲ 11.0%
Working capital€326,387within the sector's middle half▲ 40.1%€503,639above the sector's middle half▲ 54.3%€496,869above the sector's middle half▼ 1.3%€466,045within the sector's middle half▼ 6.2%€458,618above the sector's middle half▼ 1.6%
Solvency65.9%above the sector's middle half▲ 27.2pp50.1%within the sector's middle half▼ 15.9pp51.5%within the sector's middle half▲ 1.4pp52.7%within the sector's middle half▲ 1.2pp49.8%within the sector's middle half▼ 2.9pp
Current ratio2.88above the sector's middle half▲ 1.211.97within the sector's middle half▼ 0.911.99within the sector's middle half▲ 0.022.08within the sector's middle half▲ 0.092.08within the sector's middle half=
Return on assets (ROA)22.8%above the sector's middle half▲ 12.5pp17.4%above the sector's middle half▼ 5.4pp0.9%within the sector's middle half▼ 16.5pp-1.8%below the sector's middle half▼ 2.6pp-0.1%within the sector's middle half▲ 1.6pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1=1below the sector's middle half=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -95% on 2021. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €12,285 after a loss of €9,896 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€135,168 ▲ 76.9%
Current assets
€884,429 ▼ 1.5%
Equity and liabilities €1.0m
Equity
€508,076 ▼ 1.1%
Debt
€511,521 ▲ 11.0%
Debt's share of the balance-sheet total rises from 47.3% to 50.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,564▲
2023 · -€5,301
Cash flow
€8,170▲
2023 · -€12,456
Quick ratio
0.16▲
2023 · 0.11
Debt to equity
1.01▲
2023 · 0.90
ROE
-0.2%▲
2023 · -3.3%
Interest coverage
2.17▲
2023 · -0.78
Debt ≤ 1 year
€425,811▼
2023 · €431,921
Debt > 1 year
€85,710▲
2023 · €28,861
Income taxes
€3,483▲
2023 · €488
Staff costs
€45,034▲
2023 · €42,133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,321 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €40,635 | €24,217 | €42,133 | €45,034 | ▲ 6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,168 | €2,318 | €3,646 | €4,596 | €9,278 | ▲ 102% |
| Other operating charges640/8 | - | €62 | €1,250 | €1,252 | €2,817 | ▲ 125% |
| Gross operating margin9900 | €222,516 | €330,617 | €51,252 | €38,085 | €69,415 | ▲ 82.3% |
| Operating profit (loss)9901 | €179,214 | €287,602 | €22,139 | -€9,896 | €12,285 | ▲ 224% |
| Financial income75/76B | - | €8 | €185 | €129 | €7 | ▼ 94.7% |
| Recurring financial income75 | €894 | €8 | €185 | €129 | €7 | ▼ 94.7% |
| Financial charges65/66B | - | €7,028 | €4,251 | €6,798 | €9,917 | ▲ 45.9% |
| Recurring financial charges65 | €1,257 | €7,028 | €4,251 | €6,798 | €9,917 | ▲ 45.9% |
| Profit (loss) for the period before taxes9903 | €178,851 | €280,582 | €18,073 | -€16,565 | €2,375 | ▲ 114% |
| Income taxes67/77 | €59,772 | €96,922 | €8,825 | €488 | €3,483 | ▲ 614% |
| Profit (loss) for the period9904 | €119,079 | €183,660 | €9,247 | -€17,052 | -€1,108 | ▲ 93.5% |
| Profit (loss) for the period to be appropriated9905 | €119,079 | €183,660 | €9,247 | -€17,052 | -€1,108 | ▲ 93.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €521,889 | €1.1m | €1.0m | €974,365 | €1.0m | ▲ 4.6% |
| Fixed assets21/28 | €22,269 | €32,617 | €43,435 | €76,399 | €135,168 | ▲ 76.9% |
| Tangible fixed assets22/27 | €22,269 | €32,617 | €43,435 | €76,399 | €135,168 | ▲ 76.9% |
| Plant, machinery and equipment23 | - | €24,781 | €29,003 | €25,997 | €25,595 | ▼ 1.5% |
| Furniture and vehicles24 | - | €7,836 | €14,432 | €13,357 | €20,810 | ▲ 55.8% |
| Other tangible fixed assets26 | - | - | - | €37,045 | €88,763 | ▲ 140% |
| Current assets29/58 | €499,620 | €1.0m | €999,547 | €897,966 | €884,429 | ▼ 1.5% |
| Stocks and contracts in progress3 | €404,597 | €701,145 | €811,678 | €851,834 | €815,991 | ▼ 4.2% |
| Stocks30/36 | - | €701,145 | €811,678 | €851,834 | €815,991 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €25,278 | €22,226 | €63,406 | €17,770 | €9,026 | ▼ 49.2% |
| Trade receivables40 | - | €19,000 | €43,248 | €14,569 | €3,963 | ▼ 72.8% |
| Other amounts receivable41 | - | €3,226 | €20,158 | €3,202 | €5,063 | ▲ 58.1% |
| Current investments50/53 | €60,701 | €290,047 | €104,047 | €0 | - | - |
| Cash at bank and in hand54/58 | €9,045 | €3,659 | €100 | €10,408 | €46,335 | ▲ 345% |
| Deferred charges and accrued income490/1 | - | €4,513 | €20,316 | €17,954 | €13,077 | ▼ 27.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €521,889 | €1.1m | €1.0m | €974,365 | €1.0m | ▲ 4.6% |
| Equity10/15 | €344,095 | €527,756 | €537,003 | €513,584 | €508,076 | ▼ 1.1% |
| Contributions10/11 | - | €18,700 | €18,700 | €18,700 | €18,700 | = |
| Reserves13 | €325,395 | €509,056 | €518,303 | €494,884 | €489,376 | ▼ 1.1% |
| Non-distributable reserves130/1 | - | - | €1,870 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,870 | €0 | - | - |
| Distributable reserves133 | - | €509,056 | €516,433 | €494,884 | €489,376 | ▼ 1.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €177,794 | €526,450 | €505,978 | €460,782 | €511,521 | ▲ 11.0% |
| Amounts payable after more than one year17 | - | - | - | €28,861 | €85,710 | ▲ 197% |
| Financial debts170/4 | - | - | - | €28,861 | €85,710 | ▲ 197% |
| Amounts payable within one year42/48 | €173,234 | €517,950 | €502,678 | €431,921 | €425,811 | ▼ 1.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,160 | - |
| Financial debts43 | - | - | €10,110 | €5,699 | €2,084 | ▼ 63.4% |
| Credit institutions430/8 | - | - | €10,110 | €5,699 | €2,084 | ▼ 63.4% |
| Trade debts44 | €8,271 | €338 | €19,777 | €36,639 | €25,424 | ▼ 30.6% |
| Suppliers440/4 | - | €338 | €19,777 | €36,639 | €25,424 | ▼ 30.6% |
| Taxes, remuneration and social security45 | - | €241,043 | €162,352 | €63,397 | €59,892 | ▼ 5.5% |
| Taxes450/3 | - | €236,118 | €159,463 | €58,477 | €53,637 | ▼ 8.3% |
| Remuneration and social security454/9 | - | €4,925 | €2,889 | €4,920 | €6,255 | ▲ 27.1% |
| Other amounts payable47/48 | - | €276,570 | €310,439 | €326,187 | €330,252 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | - | €8,500 | €3,300 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119,079 | €183,660 | €9,247 | -€17,052 | -€1,108 | ▲ 93.5% |
| + Depreciation and write-downs630 | €1,168 | €2,318 | €3,646 | €4,596 | €9,278 | ▲ 102% |
| Operating cash flow (approximation) | €120,246 | €185,978 | €12,893 | -€12,456 | €8,170 | ▲ 166% |
| Investment in fixed assets (approximation) | - | -€12,666 | -€14,464 | -€37,560 | -€68,047 | ▼ 81.2% |
| Change in cash | - | -€5,386 | -€3,559 | €10,308 | €35,926 | ▲ 249% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€17,052
Net result drops to -€17,052, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €183,660 ▲54.2%
Operating result €287,602, net result €183,660, both a record.
31-12
Financial
Equity above €500,000Eq €527,756 ▲53.4%
4 profitable years in a row build equity to €527,756.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €225,017 ▲35.6%
2 profitable years in a row build equity to €225,017.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 2 establishment units since 1993
Ground area
5,722 m²
Building footprint
443 m²
Volume, LiDAR
2,295 m³
2 parcels, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Guido Gezellestraat 8, 3500 Hasselt
since 19932.064.102.887
SMUCO
since 20202.308.620.289
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D1024/00D003 | Flanders | 5,589 m² | 1 · 324 m² | 3.6 m · 1 fl. |
| 71022H0567/00K004 | Flanders | 132 m² | 1 · 118 m² | 13.9 m · 3 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.
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Of 1,290 companies in sector 47690 we hold annual accounts for 425. 253 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
Founded07-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451041783
Also
9925:BE0451041783
Registered
22-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.