sts SMULDERS
Activests SMULDERS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296k and a net result of €44k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 95% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+13
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 21.54 against 5.63 in 2024; short-term debt: 3.3% and cash: 25.5% of total assets), and 4.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
95.9%
Return on assets
14.4%
Age of the figures
9 mo
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
13 d early
2023
20 d early
2022
21 d early
2021
32 d early
2020
31 d early
2019
13 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€296k▲ 17.6%
2024 · €252k
2018: €235k
2019: €146k
2020: €146k
2021: €124k
2022: €189k
2023: €241k
2024: €252k
2018 → 2025
Total assets
€309k▲ 12.7%
2024 · €274k
2018: €238k
2019: €185k
2020: €191k
2021: €196k
2022: €280k
2023: €404k
2024: €274k
2018 → 2025
Net result
€44k▲ 312%
2024 · €11k
2018: €82k
2019: €28k
2020: €40k
2021: €87k
2022: €65k
2023: €53k
2024: €11k
2018 → 2025
Working capital
€210k▲ 130%
2024 · €91k
2018: €209k
2019: €120k
2020: €112k
2021: €71k
2022: €62k
2023: €227k
2024: €91k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€189k▲ 52.3%€241k▲ 27.9%€252k▲ 4.5%€296k▲ 17.6%
Operating result€122k-€90k▼ 26.0%€65k▼ 27.7%€15k▼ 77.7%€60k▲ 314%
Net result€87k-€65k▼ 25.8%€53k▼ 18.8%€11k▼ 79.5%€44k▲ 312%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 314% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309k
Fixed assets
€88k▼ 45.7%
Current assets
€220k▲ 98.2%
Equity and liabilities €309k
Equity
€296k▲ 17.6%
Debt
€13k▼ 43.0%
The debt ratio falls from 8.1% to 4.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101k▲
2024 · €51k
Cash flow
€85k▲
2024 · €47k
Solvency
95.9%▲
2024 · 91.9%
Current ratio
21.54▲
2024 · 5.63
Quick ratio
13.15▲
2024 · 3.60
Debt / equity
0.04▼
2024 · 0.09
ROE
15.0%▲
2024 · 4.3%
ROA
14.4%▲
2024 · 3.9%
Interest coverage
6355.62▲
2024 · 171.92
Debt
€13k▼
2024 · €22k
Debt ≤ 1 year
€10k▼
2024 · €20k
Income taxes
€17k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€274k€309k▲
Fixed assets21/28€163k€88k▼
Tangible fixed assets22/27€138k€88k▼
Plant, machinery and equipment23€72k€52k▼
Furniture and vehicles24€66k€36k▼
Financial fixed assets28€25k-
Current assets29/58€111k€220k▲
Stocks and contracts in progress3€40k€86k▲
Contracts in progress37€40k€86k▲
Amounts receivable within one year40/41€37k€56k▲
Trade receivables40€32k€5k▼
Other amounts receivable41€6k€51k▲
Cash at bank and in hand54/58€34k€79k▲
Equity and liabilities
Total equity and liabilities10/49€274k€309k▲
Equity10/15€252k€296k▲
Contributions10/11€12k€12k=
Reserves13€239k€284k▲
Distributable reserves133€239k€284k▲
Amounts payable17/49€22k€13k▼
Amounts payable within one year42/48€20k€10k▼
Trade debts44-€10k
Suppliers440/4-€10k
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Other amounts payable47/48€18k-
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Non-recurring operating income76A-€751
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€41k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€125k€-30k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-125k-
Other operating charges640/8€182€639▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€51k€82k▲
Operating profit (loss)9901€15k€60k▲
Financial income75/76B€968€2k▲
Recurring financial income75€968€2k▲
Financial charges65/66B€297€16▼
Recurring financial charges65€297€16▼
Profit (loss) for the period before taxes9903€15k€62k▲
Income taxes67/77€4k€17k▲
Profit (loss) for the period9904€11k€44k▲
Profit (loss) for the period to be appropriated9905€11k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€44k▲
Transfer to equity691/2€11k€44k▲
To other reserves6921€11k€44k▲
The notes to these accounts (8 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 21.54
Current ratio from 5.63 to 21.54; short-term debt falls from €20k to €10k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €11k ▼79.5%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 7.02
Current ratio from 1.68 to 7.02; short-term debt falls from €91k to €38k.
31-12
Financial
Equity above €200kEq €241k ▲27.9%
6 profitable years in a row build equity to €241k.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €189k ▲52.3%
5 profitable years in a row build equity to €189k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €87k ▲116%
Operating result €122k, net result €87k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Mechelen · 1 establishment unit since 2009
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.
Bleukenweg(HEF) 12801 MechelenGround area
211 m²
Parcel 12012C0254/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
sts SMULDERS
since 20092.177.057.607
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12012C0254/00M000 | Flanders | 211 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.
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OTHELLO
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BOUWBEMIDDELING
BE 0478.185.947
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Q - QUADRAAT
BE 0472.373.766
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CARUSO
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BEVO
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,731 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2009
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.