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SSM GROUP

Active
Private limited companyfounded 20214 yrs activeKBO/BCE: BE 0778.429.849
Summary

The computed 12-month bankruptcy probability of SSM GROUP is 14.7% (high). The 2024 annual accounts show equity of €10,006 and a net result of -€7,174. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 10% of 36397 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch ReportCompare
SSM GROUPActiveChecked score 26/100
Risk analysis ReportCompare

Overview

Activity
Floor and wall tiling
NACE 43331
1 site
Size
€505,024turnover 2024
Equity
€10,006
Loss
-€7,174
Financial health
26 Weak Checked score 2024
Bankruptcy chance 12 m
14.7%
Structure
Accounts 65 d overdue0 of 2 deeds read
Why 26- 1 financial year not filed after the legal deadline; latest accounts 328 days late; 3 of the last 3 late- Ex-officio strike-off in the KBO- Figures for FY 2024 (filed 01-07-2026)- 1 warning signal in 24 months (strike-off 1)Show the evidence

Checked score

Score 2024
26 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 9% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 28-2
equity 3.0% of total assets
Liquidity 7-11
short-term debt 97.0% · cash 5.8%
Profitability 17-37
return on assets -2.2%
Bankruptcy probability, 12 months
14.7% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 7.0% 12-2024: 3.7%▼ -47.9% vs 11-2024 01-2025: 3.7%● 0.0% vs 12-2024 02-2025: 3.7%● 0.0% vs 01-2025 03-2025: 3.7%▲ +0.8% vs 02-2025 04-2025: 3.7%● 0.0% vs 03-2025 05-2025: 3.7%▲ +0.5% vs 04-2025 06-2025: 3.6%▼ -3.8% vs 05-2025 07-2025: 3.5%▼ -1.7% vs 06-2025lowest value 08-2025: 3.8%▲ +7.3% vs 07-2025 09-2025: 4.0%▲ +7.1% vs 08-2025 10-2025: 5.2%▲ +29.8% vs 09-2025 11-2025: 5.4%▲ +2.1% vs 10-2025 12-2025: 6.3%▲ +18.6% vs 11-2025 01-2026: 9.1%▲ +43.1% vs 12-2025 02-2026: 9.1%● 0.0% vs 01-2026 03-2026: 9.4%▲ +3.0% vs 02-2026 04-2026: 8.5%▼ -8.6% vs 03-2026 05-2026: 8.7%▲ +2.1% vs 04-2026 06-2026: 8.6%▼ -1.6% vs 05-2026 07-2026: 8.6%● 0.0% vs 06-2026 08-2026: 6.5%▼ -24.1% vs 07-2026 09-2026: 6.8%▲ +3.5% vs 08-2026 10-2026: 14.7%▲ +118% vs 09-2026highest value
  • 1 financial year not filed after the legal deadline; latest accounts 328 days late; 3 of the last 3 late raises the probability
  • Ex-officio strike-off in the KBO raises the probability
  • Figures for FY 2024 (filed 01-07-2026) raises the probability
  • 1 warning signal in 24 months (strike-off 1) raises the probability
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.97 against 1.02 in 2023; short-term debt: 97% and cash: 5.8% of total assets), and 97% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 10%, liquidity 5%, profitability 13%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 328 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Ex-officio strike-off in the KBO
In the bankruptcy model this factor raises the probability.
KBO publications
raises risk · Figures for FY 2024 (filed 01-07-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 warning signal in 24 months (strike-off 1)
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36397 sector peers (2024).
NBB · sector comparison
Position among 36397 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2026, 328 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
328 d late
2023
119 d late
2022
40 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 162 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Address struckevent 13-09-2026
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet -€7,174

Key points

  • Caution: Turnover fell in 2024from €1.7m to €505,024 ▼ 69.8% View
  • Caution: Among the weakest 11% on solvencysector median 46.6% · 36,397 companies 3.0% View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View

By topic

Financials

Fiscal year
2024
Turnover
€505,024
Loss
-€7,174
Solvency
3.0%
Turnover▼ 69.8%
Net result
20222024
Go to Financials

Timeline

Events
5
Since
2023
  1. 25-09-2026Address struck
  2. 24-06-2026Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Floor and wall tilingNACE 43331
Founded
09-12-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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