SMG IMMOBILIER
ActiveSummary
SMG IMMOBILIER has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-564. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+15
Solvency41▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.26 in 2024; short-term debt: 14.1% and cash: 4.2% of total assets), and 84% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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 2025Solvency, return and age of the figures
Solvency
16%
Return on assets
-0.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-564
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
27 d late
2024
20 d early
2023
14 d late
2022
5 d early
2021
12 d late
2020
30 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-564▲ 88.5%
2024 · €-5k
2020: €-4k
2021: €-6k
2022: €-5k
2023: €-13k
2024: €-5k
2020 → 2025
Working capital
€-23k▲ 13.3%
2024 · €-27k
2020: €-19k
2021: €-20k
2022: €-19k
2023: €-27k
2024: €-27k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€57k▼ 8.1%€44k▼ 22.7%€39k▼ 11.1%€39k▼ 1.4%
Operating result€-1k-€-961▲ 33.8%€-9k▼ 880%€-901▲ 90.4%€3k
Net result€-6k-€-5k▲ 12.0%€-13k▼ 158%€-5k▲ 62.2%€-564▲ 88.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €901 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242k
Fixed assets
€231k ▼ 6.4%
Current assets
€11k ▲ 13.2%
Equity and liabilities €242k
Equity
€39k ▼ 1.4%
Debt
€203k ▼ 6.5%
Debt's share of the balance-sheet total falls from 84.7% to 84.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19k▲
2024 · €15k
Cash flow
€15k▲
2024 · €11k
Current ratio
0.32▲
2024 · 0.26
Debt to equity
5.23▼
2024 · 5.51
ROE
-1.5%▲
2024 · -12.5%
ROA
-0.2%▲
2024 · -1.9%
Interest coverage
5.40▲
2024 · 3.85
Debt ≤ 1 year
€34k▼
2024 · €36k
Debt > 1 year
€169k▼
2024 · €180k
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 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€256k€242k▼
Fixed assets21/28€247k€231k▼
Tangible fixed assets22/27€247k€231k▼
Land and buildings22€243k€228k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€10k€11k▲
Amounts receivable within one year40/41-€600
Trade receivables40-€600
Cash at bank and in hand54/58€10k€10k▲
Equity and liabilities
Total equity and liabilities10/49€256k€242k▼
Equity10/15€39k€39k▼
Contributions10/11€72k€72k=
Profit (loss) carried forward14€-33k€-33k▼
Amounts payable17/49€217k€203k▼
Amounts payable after more than one year17€180k€169k▼
Financial debts170/4€180k€169k▼
Amounts payable within one year42/48€36k€34k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€872€300▼
Suppliers440/4€872€300▼
Other amounts payable47/48€24k€22k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€19k€22k▲
Operating profit (loss)9901€-901€3k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-5k€-564▲
Profit (loss) for the period9904€-5k€-564▲
Profit (loss) for the period to be appropriated9905€-5k€-564▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-33k▼
Profit (loss) brought forward from the previous period14P€-28k€-33k▼
The notes to these accounts (9 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Durbuy · 1 establishment unit since 2019
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.
Rue Alphonse Eloy 26940 DurbuyGround area
146 m²
Building footprint
91 m²
Parcel 83012A0101/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SMG IMMOBILIER
since 20192.290.846.327
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83012A0101/00C000 | Wallonia | 146 m² | 1 · 91 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.
Similar companies · same sector, comparable size
LETERMAN INVEST
BE 0834.862.469
Saint-Ghislain · Eq €38,851
JAN VAN VLIET TRUCKS BELGIE
BE 0438.443.661
Hoogstraten · Eq €38,664
CEBO & Co
BE 0862.796.786
Geetbets · Eq €38,853
REAL INVEST PROJECT
BE 0653.883.730
Charleroi · Eq €38,643
OLympique
BE 1007.419.234
Ukkel · Eq €38,874
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,066 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
Founded25-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.