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SSM CONSTRUCT

Active Risk: not assessed
Foreign entityfounded 2008active for 18 yearsUITLASE SREDNA GORE 41, 9745 SHUMEN, BulgariaKBO/BCE: BE 0895.184.393
Summary

SSM CONSTRUCT has the legal form “Foreign entity” in the KBO; Checked does not compute a bankruptcy probability for it. The 2011 annual accounts show equity of €8,310 and a net result of €2,636. Equity is growing by about 26% per year across the filed financial years. The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€83,240total assets 2011
Staff
11.4 FTE
Equity
€8,310
Profit
€2,636
Turnover not published (abbreviated format)
Financial health
2011 figures too old to scoreBankruptcy probability: legal form outside the model
Structure
2012 accounts not filed, 4834 days past the deadline6 deeds in the Belgian Official Gazette
SignalsneutralNo filing for yearsLatest accounts filed on timeShow the evidence

Checked score

No current score
Figures too old
The available figures for FY 2011 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2011 · tick = 2010
Weak
Solvency 35+3
equity 10.0% of total assets
Liquidity 17+17
short-term debt 90.0% · cash 13.9%
Profitability 45-55
return on assets 3.2%
Bankruptcy probability, 12 months

The KBO gives the legal form as “Foreign entity”. We show no bankruptcy probability for it: the model is built on companies and gives no reliable figure for this form.

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Signals

Two signals.
neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2011. Since then, 14 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filings
Position against the passed deadline
31-12-2012 year end31-07-2013 deadline25-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2011 was due by 31-07-2012 and was filed on 02-04-2012, 120 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2011 · abbreviated…
  2. Annual accounts filedfinancial year 2010 · abbreviated…
  3. Back to profitnet €25,752

Financials · financial year 2011, abbreviated format

Equity
€8,310▲ 46.5%
2010 · €5,674
Total assets
€83,240▲ 2.2%
2010 · €81,474
Net result
€2,636▼ 89.8%
2010 · €25,752
Working capital
-€6,765
2010 · €1,326
Trend over the years

2008 to 2011, 4 financial years

The operating result falls in 2011; 2011 is 71% below 2010.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€8,070 2011 Net result€2,636 2011

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2008200920102011
Operating result-€2,009€27,480€8,070▼ 70.6%
Net result-€2,278€25,752€2,636▼ 89.8%
Equity€6,200-€3,922▼ 36.7%€5,674▲ 44.7%€8,310▲ 46.5%
Total assets€6,200-€3,922▼ 36.7%€81,474▲ 21×€83,240▲ 2.2%
Debt€75,800€74,930▼ 1.1%
Working capital€1,326-€6,765
Staff (FTE)3.411.4▲ 235%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €83,240
Fixed assets €15,075 ▲ 247%
Current assets €68,165 ▼ 11.6%
Equity and liabilities €83,240
Equity €8,310 ▲ 46.5%
Debt €74,930 ▼ 1.1%
Debt's share of the balance-sheet total falls from 93.0% to 90.0%. Equity is higher and debt is lower.
Key figures and ratios
2011 value · change against 2010
EBITDA
€15,421▼
2010 · €28,805
Cash flow
€9,987▼
2010 · €27,077
Current ratio
0.91▼
2010 · 1.02
Quick ratio
0.85▼
2010 · 1.02
ROE
31.7%▼
2010 · 453.9%
ROA
3.2%▼
2010 · 31.6%
Debt ≤ 1 year
€74,930▼
2010 · €75,800
Income taxes
€3,229
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2011 against 2010 · 25 lines
Balance sheet Code20102011
Assets
Total assets20/58€81,474€83,240▲
Fixed assets21/28€4,348€15,075▲
Tangible fixed assets22/27€2,848€13,575▲
Financial fixed assets28€1,500€1,500=
Current assets29/58€77,126€68,165▼
Stocks and contracts in progress3-€4,305
Amounts receivable within one year40/41€77,126€52,300▼
Cash at bank and in hand54/58-€11,560
Equity and liabilities
Total equity and liabilities10/49€81,474€83,240▲
Equity10/15€5,674€8,310▲
Contributions10/11€6,200€6,200=
Reserves13-€1,860
Profit (loss) carried forward14-€526€250▲
Amounts payable17/49€75,800€74,930▼
Amounts payable within one year42/48€75,800€74,930▼
Trade debts44€23,781€43,446▲
Income statement Code20102011
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,325€7,351▲
Gross operating margin9900€145,070€283,487▲
Operating profit (loss)9901€27,480€8,070▼
Recurring financial income75€9€6▼
Recurring financial charges65€1,737€2,211▲
Profit (loss) for the period before taxes9903€25,752€5,865▼
Income taxes67/77-€3,229
Profit (loss) for the period9904€25,752€2,636▼
Profit (loss) for the period to be appropriated9905€25,752€2,636▼
Line2008200920102011Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€1,325€7,351▲ 455%
Gross operating margin9900--€1,549€145,070€283,487▲ 95.4%
Operating profit (loss)9901--€2,009€27,480€8,070▼ 70.6%
Recurring financial income75-€12€9€6▼ 33.3%
Recurring financial charges65-€281€1,737€2,211▲ 27.3%
Profit (loss) for the period before taxes9903--€2,278€25,752€5,865▼ 77.2%
Income taxes67/77---€3,229-
Profit (loss) for the period9904--€2,278€25,752€2,636▼ 89.8%
Profit (loss) for the period to be appropriated9905--€2,278€25,752€2,636▼ 89.8%
Line2008200920102011Change
Assets
Total assets20/58€6,200€3,922€81,474€83,240▲ 2.2%
Fixed assets21/28--€4,348€15,075▲ 247%
Tangible fixed assets22/27--€2,848€13,575▲ 377%
Financial fixed assets28--€1,500€1,500=
Current assets29/58€6,200€3,922€77,126€68,165▼ 11.6%
Stocks and contracts in progress3---€4,305-
Amounts receivable within one year40/41-€42€77,126€52,300▼ 32.2%
Cash at bank and in hand54/58€6,200€3,880-€11,560-
Equity and liabilities
Total equity and liabilities10/49€6,200€3,922€81,474€83,240▲ 2.2%
Equity10/15€6,200€3,922€5,674€8,310▲ 46.5%
Contributions10/11€6,200€6,200€6,200€6,200=
Reserves13---€1,860-
Profit (loss) carried forward14--€2,278-€526€250-
Amounts payable17/49--€75,800€74,930▼ 1.1%
Amounts payable within one year42/48--€75,800€74,930▼ 1.1%
Trade debts44--€23,781€43,446▲ 82.7%
Line2008200920102011Change
Profit (loss) for the period9904--€2,278€25,752€2,636▼ 89.8%
+ Depreciation and write-downs630--€1,325€7,351▲ 455%
Operating cash flow (approximation)--€2,278€27,077€9,987▼ 63.1%
Investment in fixed assets (approximation)----€18,078-
Change in cash--€2,320---

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

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2011 abbreviated format 02-04-2012 2012-08000078
31-12-2010 abbreviated format 22-07-2011 2011-32800039
31-12-2009 abbreviated format 29-06-2010 2010-24100077
31-12-2008 abbreviated format 06-07-2009 2009-37800093

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 6 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 24 January 2008, SSM CONSTRUCT was incorporated.1 Total assets went from €6,200 in 2008 to €83,240 in 2011.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2008 and 2011

Acts, filings and financial milestones

2012
02-04
NBB filing Annual accounts filed
financial year 2011 · abbreviated format
2011
22-07
NBB filing Annual accounts filed
financial year 2010 · abbreviated format
2010
31-12
Financial Back to profitnet €25,752
Net result €25,752 after one loss-making year.
29-06
NBB filing Annual accounts filed
financial year 2009 · abbreviated format
2009
06-07
NBB filing Annual accounts filed
financial year 2008 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 6 deeds read
About the unread acts

We know of 6 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formForeign entity
Founded24-01-2008
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

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

Register as of 24 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, SHUMEN · 1 establishment unit since 2008
establishment The establishment unit on the map
Cannot be placed on the map

The registered office is abroad (Bulgaria). The address register our map runs on (BOSA BEST) covers Belgian addresses only.

UITLASE SREDNA GORE 419745 SHUMENBulgaria
Ground area
122 m²
Building footprint
123 m²
Building volume
1,148 m³
Parcel 21012A0047/00A007, Brussels · tallest building 17.0 m. Linked by address, not a title deed.
1 establishment unit
SMM CONSTRUCT
Opzichterstraat 193, 1080 Sint-Jans-MolenbeekManufacture of metal structures and parts of structures
since 2008unit no. 2.168.622.268
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21012A0047/00A007 Brussels 122 m² 1 · 123 m² 17.0 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.