SMULDERKE
ActiveSummary
SMULDERKE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207k and a net result of €21k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 13305 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-70
Solvency98▲+39
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.56 against 1.5 in 2024; short-term debt: 27.5% and cash: 2% of total assets), and 27.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
72.5%
Return on assets
7.4%
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
95 d late
2023
460 d late
2022
782 d late
2021
4 d late
2020
307 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€227k
EBIT margin
-15.5%
Net result
€21k▼ 83.3%
2024 · €127k
2018: €-14k
2019: €-35k
2020: €26k
2021: €26k
2022: €-5k
2023: €143k
2024: €127k
2018 → 2025
Working capital
€201k▲ 12.4%
2024 · €178k
2018: €84k
2019: €65k
2020: €111k
2021: €149k
2022: €174k
2023: €178k
2024: €178k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€187k-€183k▼ 2.5%€183k▲ 0.3%€185k▲ 1.1%€207k▲ 11.4%
Operating result€27k-€-7k€136k€110k▼ 19.0%€-24k
Net result€26k-€-5k€143k€127k▼ 11.4%€21k▼ 83.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24k after €110k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285k
Fixed assets
€6k ▼ 13.0%
Current assets
€279k ▼ 47.7%
Equity and liabilities €285k
Equity
€207k ▲ 11.4%
Debt
€78k ▼ 77.9%
Debt's share of the balance-sheet total falls from 65.6% to 27.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-21k▼
2024 · €112k
Cash flow
€23k▼
2024 · €129k
Current ratio
3.56▲
2024 · 1.50
Quick ratio
3.43▲
2024 · 1.48
Debt to equity
0.38▼
2024 · 1.91
ROE
10.3%▼
2024 · 68.5%
ROA
7.4%▼
2024 · 23.5%
Interest coverage
-9.43▼
2024 · 60.64
Debt ≤ 1 year
€78k▼
2024 · €354k
Income taxes
€11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€540k€285k▼
Fixed assets21/28€7k€6k▼
Intangible fixed assets21€975€1k▲
Tangible fixed assets22/27€6k€5k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€533k€279k▼
Stocks and contracts in progress3€8k€10k▲
Stocks30/36€8k€10k▲
Amounts receivable within one year40/41€384k€177k▼
Trade receivables40€17k€26k▲
Other amounts receivable41€367k€151k▼
Cash at bank and in hand54/58€56k€6k▼
Deferred charges and accrued income490/1€84k€85k▲
Equity and liabilities
Total equity and liabilities10/49€540k€285k▼
Equity10/15€185k€207k▲
Contributions10/11€19k€19k=
Reserves13€167k€188k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€50k€50k=
Distributable reserves133€115k€136k▲
Amounts payable17/49€354k€78k▼
Amounts payable within one year42/48€354k€78k▼
Trade debts44€52k€56k▲
Suppliers440/4€52k€56k▲
Taxes, remuneration and social security45€35k€23k▼
Taxes450/3€35k€23k▼
Other amounts payable47/48€268k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€9k€4k▼
Gross operating margin9900€121k€-17k▼
Operating profit (loss)9901€110k€-24k▼
Financial income75/76B€19k€58k▲
Recurring financial income75€19k€14k▼
Non-recurring financial income76B-€44k
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€127k€32k▼
Income taxes67/77-€11k
Profit (loss) for the period9904€127k€21k▼
Profit (loss) for the period to be appropriated9905€127k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€21k▼
Transfer to equity691/2€2k€21k▲
To other reserves6921€2k€21k▲
Profit to be distributed694/7€125k-
Directors or managers695€125k-
The notes to these accounts (10 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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.56
Current ratio from 1.50 to 3.56; short-term debt falls from €354k to €78k.
31-12
Financial
Equity above €200kEq €207k ▲11.4%
3 profitable years in a row build equity to €207k.
03-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 95 days late
03-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 460 days late
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 782 days late
2023
31-12
Financial
Back to profitnet €143k
Net result €143k after one loss-making year.
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 307 days late
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 9.98
Current ratio from 3.01 to 9.98; short-term debt falls from €32k to €12k.
31-12
Financial
Equity above €150kEq €161k ▲18.9%
Equity rises from €136k to €161k.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Merelbeke-Melle · 1 establishment unit since 2005
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.
Merelbekestraat 1019090 Merelbeke-MelleGround area
340 m²
Building footprint
216 m²
Parcel 44402A0475/00D004, Flanders. Linked by address, not a title deed.
1 establishment unit
Smulderke
since 20052.150.289.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402A0475/00D004 | Flanders | 340 m² | 1 · 216 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.150.289.268
Dual-learning approval
8 endedMedewerker snackbar-taverne (so)
Hulpkelner (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Hulpkok (so)
Keukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Similar companies · same sector, comparable size
DONALD
BE 0553.579.295
Menen · Eq €206,574
'T KRIEKSKE
BE 0463.462.733
Halle · Eq €206,557
Perfect Food
BE 0783.491.170
Gent · Eq €206,773
DE KILLE
BE 0842.890.210
Hamme (Vl.) · Eq €206,545
LA BRACE
BE 0479.703.701
Soignies · Eq €206,897
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,483 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.