SMUGGLER CORNER

Active

Public limited companyfounded 2001active for 25 yearsDijk 5, 8660 De Panne, BelgiumKBO/BCE: BE 0474.561.018

Summary

SMUGGLER CORNER has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €509,631 and a net result of €7,878. Equity remains stable across the filed financial years (±1.4% per year). Its solvency ranks better than 89% of 5,763 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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SMUGGLER CORNERActiveChecked score 94/100

Risk analysis Report Compare

Activity

Renting and operating of own or leased non-residential real estate, excluding land

NACE 68203

1 site

Size

€546,301total assets 2025

Equity: €509,631
Profit: €7,878

Financial health

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: POPMAN · 100%

JAN POPELIERDaily manager
PETER POPELIERDaily manager

2025 accounts 24 days early1 of 7 deeds summarised

Why 94raises riskLiquidity: current ratio 13.54, cash €11,531lowers riskSize: total assets €546,301Equity €509,631 (93.3% of total assets)Figures for financial year 2025 (filed 07-07-2026)Show the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 56% of its sector peers (NACE 68, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 93.3% of total assets

Liquidity 53+4

short-term debt 6.7% · cash 2.1%

Profitability 21+1

return on assets 1.4%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,608 companies, NACE 68, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €45,000 on 30-day terms is acceptable

Liquidity ample (current ratio 13.54, compared with 8.09 in 2024, above the usual 1.5; short-term debt: 6.7% and cash: 2.1% of total assets), and 6.7% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 91% on solvency, 61% on liquidity, 21% on profitability and 51% on growth.

The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €546,301

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 13.54, cash €11,531

NBB · annual accounts

Equity €509,631 (93.3% of total assets)

NBB · annual accounts

Figures for financial year 2025 (filed 07-07-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

24 days early

2024

34 days early

2023

29 days early

2022

18 days early

2021

16 days early

2020

31 days late

2019

1 day early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 13 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

07-07-2026 Annual accounts filedfinancial year 2025 · full…
27-06-2025 Annual accounts filedfinancial year 2024 · abbreviated…
31-12-2024 Equity above €500,000equity €501,753 ▲1.5%

Key points

Positive: Among the best 11% on solvencysector median 38.3% · 5,763 companies 93.3% View
Controlled by POPMANknown shareholders 99% 100% View
Positive: 7 profitable years in a rowprofit 2025: €7,878 7 years View
Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

By topic

Financials

Financial year: 2025
Total assets: €546,301
Profit: €7,878
Solvency: 93.3%

Total assets▼ 3.4%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members
Parent: POPMAN · 100%
Known shareholders: 99%

JAN POPELIERDaily manager
PETER POPELIERDaily manager

Go to Board & ownership

Network & group

Connected companies: 3

Go to Network & group

Timeline

Events: 28
Since: 2003
Next accounts: by 31-07-2027

02-07-2024Annual accounts filed
14-02-2024Resignations: PETER POPELIER, JAN POPELIER and POPMAN
13-07-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Renting and operating of own or leased non-residential…NACE 68203
Founded: 10-04-2001
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 18

Who signs: The sole manager
Annual meeting: Third Thursday of June at 18:00

Go to Articles of association

Key facts about SMUGGLER CORNER

What is the company number of SMUGGLER CORNER?: 0474.561.018. In Belgium the VAT number is the company number with BE in front: BE 0474.561.018.
Where is SMUGGLER CORNER based?: The registered office is at Dijk 5, 8660 De Panne.Company details
What does SMUGGLER CORNER do?: According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of SMUGGLER CORNER?: Public limited company (NV).
When was SMUGGLER CORNER founded?: On 10-04-2001.
Is SMUGGLER CORNER still active?: Yes, SMUGGLER CORNER is an active enterprise in the KBO register.
What is the turnover of SMUGGLER CORNER?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is SMUGGLER CORNER profitable?: In financial year 2025, SMUGGLER CORNER made a profit of €7,878.
Where can I find the annual accounts of SMUGGLER CORNER?: SMUGGLER CORNER filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SMUGGLER CORNER due?: By 31-07-2027, for financial year 2026.Timeline