SMDS
ActiveSMDS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €68k and a net result of €-11k. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 72% of 9519 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
73
/ 100
Healthy▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency80=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.18 in 2023), and 26.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.4%
Return on assets
-11.4%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€11k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
42 d early
2022
33 d early
2021
37 d early
2020
32 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€141k
EBIT margin
4.2%
Net result
€-11k▲ 16.1%
2023 · €-13k
2018: €-827
2019: €3k
2020: €16k
2021: €42k
2022: €23k
2023: €-13k
2018 → 2024
Working capital
€2k▼ 76.0%
2023 · €7k
2018: €5k
2019: €-7k
2020: €7k
2021: €56k
2022: €19k
2023: €7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€29k-€69k▲ 141%€97k▲ 39.8%€84k▼ 13.0%€68k▼ 19.2%
Operating result€24k-€58k▲ 137%€35k▼ 39.0%€-10k€-8k▲ 23.2%
Net result€16k-€42k▲ 171%€23k▼ 45.5%€-13k€-11k▲ 16.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €10k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92k
Fixed assets
€71k▼ 22.8%
Current assets
€21k▼ 52.9%
Equity and liabilities €92k
Equity
€68k▼ 19.2%
Debt
€25k▼ 53.9%
The debt ratio falls from 38.8% to 26.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€19k▲
2023 · €15k
Cash flow
€16k▲
2023 · €13k
Solvency
73.4%▲
2023 · 61.2%
Current ratio
1.08▼
2023 · 1.18
Quick ratio
1.08▼
2023 · 1.18
Debt / equity
0.36▼
2023 · 0.63
ROE
-15.5%▼
2023 · -15.0%
ROA
-11.4%▼
2023 · -9.2%
Interest coverage
23.24▲
2023 · 19.59
Debt
€25k▼
2023 · €53k
Debt ≤ 1 year
€19k▼
2023 · €38k
Debt > 1 year
€5k▼
2023 · €15k
Income taxes
€2k▲
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€137k€92k▼
Fixed assets21/28€92k€71k▼
Tangible fixed assets22/27€92k€71k▼
Land and buildings22€29k€27k▼
Furniture and vehicles24€63k€45k▼
Current assets29/58€45k€21k▼
Amounts receivable within one year40/41-€5k
Trade receivables40-€2k
Other amounts receivable41-€3k
Cash at bank and in hand54/58€43k€14k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€137k€92k▼
Equity10/15€84k€68k▼
Contributions10/11€19k€13k▼
Reserves13€76k€76k=
Distributable reserves133€76k€76k=
Profit (loss) carried forward14€-10k€-21k▼
Amounts payable17/49€53k€25k▼
Amounts payable after more than one year17€15k€5k▼
Financial debts170/4€15k€5k▼
Amounts payable within one year42/48€38k€19k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€4k€326▼
Suppliers440/4€4k€326▼
Taxes, remuneration and social security45€23k€9k▼
Taxes450/3€23k€9k▼
Other amounts payable47/48€322-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€27k▲
Other operating charges640/8€474€596▲
Non-recurring operating charges66A€1k€266▼
Gross operating margin9900€17k€20k▲
Operating profit (loss)9901€-10k€-8k▲
Financial income75/76B-€69
Recurring financial income75-€69
Financial charges65/66B€779€824▲
Recurring financial charges65€779€824▲
Profit (loss) for the period before taxes9903€-11k€-9k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€-13k€-11k▲
Profit (loss) for the period to be appropriated9905€-13k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-21k▼
Profit (loss) brought forward from the previous period14P-€-10k
Transfer from equity791/2€2k-
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-13k ▼155%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €42k ▲171%
Operating result €58k, net result €42k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.65
Current ratio from 1.31 to 2.65.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.31
Current ratio from 0.61 to 1.31.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2017
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.
Wolvenstraat(Kor) 208500 KortrijkGround area
1,062 m²
Building footprint
176 m²
Volume, LiDAR
1,020 m³
Parcel 34022E0336/00W003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SMDS
since 20172.267.939.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0336/00W003 | Flanders | 1,062 m² | 1 · 176 m² | 10.0 m · 2 fl. |
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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INVICTUS INVEST
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,397. 7,083 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2017
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.