Summary
SML GROUP has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.13M and a net result of €321k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 2284 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
20 d early
2023
15 d early
2022
25 d early
2021
24 d early
2020
30 d early
2019
11 d early
← 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
25-09-2026 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
€321k▲ 197%
2024 · €108k
2018: €118k
2019: €157k▲ +32.3% vs 2018
2020: €119k▼ -24.1% vs 2019
2021: €144k▲ +21.0% vs 2020
2022: €137k▼ -4.5% vs 2021
2023: €152k▲ +10.5% vs 2022
2024: €108k▼ -28.6% vs 2023lowest in 8 years
2025: €321k▲ +197% vs 2024highest in 8 years
2018 → 2025
Working capital
€-358k▲ 23.3%
2024 · €-467k
2018: €-734klowest in 8 years
2019: €-446k▲ +39.3% vs 2018
2020: €-304k▲ +31.8% vs 2019
2021: €-280k▲ +7.8% vs 2020
2022: €-268k▲ +4.2% vs 2021
2023: €-247k▲ +7.9% vs 2022highest in 8 years
2024: €-467k▼ -88.7% vs 2023
2025: €-358k▲ +23.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€872k-€992k▲ 13.8%€1.12M▲ 13.3%€1.01M▼ 9.8%€1.13M▲ 11.0%
2021: €872klowest in 5 years
2022: €992k▲ +13.8% vs 2021
2023: €1.12M▲ +13.3% vs 2022
2024: €1.01M▼ -9.8% vs 2023
2025: €1.13M▲ +11.0% vs 2024highest in 5 years
Operating result€132k-€192k▲ 45.0%€221k▲ 15.2%€159k▼ 28.2%€455k▲ 186%
2021: €132klowest in 5 years
2022: €192k▲ +45.0% vs 2021
2023: €221k▲ +15.2% vs 2022
2024: €159k▼ -28.2% vs 2023
2025: €455k▲ +186% vs 2024highest in 5 years
Net result€144k-€137k▼ 4.5%€152k▲ 10.5%€108k▼ 28.6%€321k▲ 197%
2021: €144k
2022: €137k▼ -4.5% vs 2021
2023: €152k▲ +10.5% vs 2022
2024: €108k▼ -28.6% vs 2023lowest in 5 years
2025: €321k▲ +197% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 186% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€1.48M ▼ 0.1%
Current assets
€99k ▲ 176%
Equity and liabilities €1.58M
Equity
€1.13M ▲ 11.0%
Debt
€457k ▼ 10.0%
Debt's share of the balance-sheet total falls from 33.4% to 28.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
28.5%▲
2024 · 10.7%
ROA
20.3%▲
2024 · 7.1%
Debt ≤ 1 year
€457k▼
2024 · €503k
Income taxes
€131k▲
2024 · €48k
Staff costs
€81k▲
2024 · €78k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.52M€1.58M▲
Fixed assets21/28€1.49M€1.48M▼
Tangible fixed assets22/27€7k€5k▼
Furniture and vehicles24€7k€5k▼
Financial fixed assets28€1.48M€1.48M=
Current assets29/58€36k€99k▲
Amounts receivable within one year40/41€28k€5k▼
Trade receivables40€6k€5k▼
Other amounts receivable41€22k-
Cash at bank and in hand54/58€6k€91k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.58M▲
Equity10/15€1.01M€1.13M▲
Contributions10/11€91k€91k=
Reserves13€460k€460k▲
Distributable reserves133€460k€460k▲
Profit (loss) carried forward14€463k€575k▲
Amounts payable17/49€508k€457k▼
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€503k€457k▼
Current portion of amounts payable after more than one year42€125k€5k▼
Financial debts43-€57k
Credit institutions430/8-€57k
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€26k€46k▲
Taxes450/3€15k€34k▲
Remuneration and social security454/9€11k€12k▲
Other amounts payable47/48€342k€342k▼
Accrued charges and deferred income492/3€147€45▼
Income statement
Code20242025
Remuneration, social security and pensions62€78k€81k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€240k€539k▲
Operating profit (loss)9901€159k€455k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Non-recurring financial income76B€2k-
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€156k€452k▲
Income taxes67/77€48k€131k▲
Profit (loss) for the period9904€108k€321k▲
Profit (loss) for the period to be appropriated9905€108k€321k▲
Appropriation of the result
Profit (loss) to be appropriated9906€765k€785k▲
Profit (loss) brought forward from the previous period14P€657k€463k▼
Transfer from equity791/2€8k€199k▲
Transfer to equity691/2€108k€200k▲
To other reserves6921€108k€200k▲
Profit to be distributed694/7€202k€209k▲
Return on contributions (dividend)694€190k€199k▲
Directors or managers695€12k€10k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €62k | €68k | €76k | €78k | €81k | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €998 | €998 | €2k | €2k | €2k | ▲ 4.6% |
| Other operating charges640/8 | €3k | €2k | €1k | €1k | €1k | ▼ 0.8% |
| Gross operating margin9900 | €198k | €264k | €300k | €240k | €539k | ▲ 125% |
| Operating profit (loss)9901 | €132k | €192k | €221k | €159k | €455k | ▲ 186% |
| Financial income75/76B | €50k | €4k | - | €2k | - | - |
| Recurring financial income75 | €50k | €0 | - | €2k | - | - |
| Non-recurring financial income76B | - | €4k | - | €2k | - | - |
| Financial charges65/66B | €6k | €5k | €4k | €5k | €3k | ▼ 48.7% |
| Recurring financial charges65 | €6k | €5k | €4k | €5k | €3k | ▼ 48.7% |
| Profit (loss) for the period before taxes9903 | €176k | €191k | €217k | €156k | €452k | ▲ 190% |
| Income taxes67/77 | €32k | €53k | €65k | €48k | €131k | ▲ 176% |
| Profit (loss) for the period9904 | €144k | €137k | €152k | €108k | €321k | ▲ 197% |
| Profit (loss) for the period to be appropriated9905 | €144k | €137k | €152k | €108k | €321k | ▲ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.50M | €1.50M | €1.53M | €1.52M | €1.58M | ▲ 4.0% |
| Fixed assets21/28 | €1.48M | €1.48M | €1.48M | €1.49M | €1.48M | ▼ 0.1% |
| Tangible fixed assets22/27 | €2k | €998 | €3k | €7k | €5k | ▼ 27.5% |
| Furniture and vehicles24 | €2k | €998 | €3k | €7k | €5k | ▼ 27.5% |
| Financial fixed assets28 | €1.48M | €1.48M | €1.48M | €1.48M | €1.48M | = |
| Current assets29/58 | €15k | €17k | €48k | €36k | €99k | ▲ 176% |
| Amounts receivable within one year40/41 | €3k | €4k | €16k | €28k | €5k | ▼ 83.9% |
| Trade receivables40 | €2k | €3k | €6k | €6k | €5k | ▼ 25.5% |
| Other amounts receivable41 | €694 | €552 | €10k | €22k | - | - |
| Cash at bank and in hand54/58 | €8k | €9k | €30k | €6k | €91k | ▲ 1,360% |
| Deferred charges and accrued income490/1 | €5k | €5k | €2k | €1k | €3k | ▲ 159% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.50M | €1.50M | €1.53M | €1.52M | €1.58M | ▲ 4.0% |
| Equity10/15 | €872k | €992k | €1.12M | €1.01M | €1.13M | ▲ 11.0% |
| Contributions10/11 | €108k | €108k | €108k | €91k | €91k | = |
| Reserves13 | €73k | €210k | €359k | €460k | €460k | ▲ 0.1% |
| Non-distributable reserves130/1 | €11k | €11k | - | - | - | - |
| Reserves not available under the articles1311 | €11k | €11k | - | - | - | - |
| Distributable reserves133 | €62k | €199k | €359k | €460k | €460k | ▲ 0.1% |
| Profit (loss) carried forward14 | €691k | €674k | €657k | €463k | €575k | ▲ 24.0% |
| Amounts payable17/49 | €624k | €504k | €405k | €508k | €457k | ▼ 10.0% |
| Amounts payable after more than one year17 | €328k | €219k | €110k | €5k | - | - |
| Financial debts170/4 | €328k | €219k | €110k | €5k | - | - |
| Amounts payable within one year42/48 | €296k | €285k | €295k | €503k | €457k | ▼ 9.0% |
| Current portion of amounts payable after more than one year42 | €120k | €119k | €161k | €125k | €5k | ▼ 95.8% |
| Financial debts43 | - | - | - | - | €57k | - |
| Credit institutions430/8 | - | - | - | - | €57k | - |
| Trade debts44 | €8k | €11k | €10k | €9k | €7k | ▼ 14.4% |
| Suppliers440/4 | €8k | €11k | €10k | €9k | €7k | ▼ 14.4% |
| Taxes, remuneration and social security45 | €27k | €39k | €36k | €26k | €46k | ▲ 74.6% |
| Taxes450/3 | €17k | €26k | €23k | €15k | €34k | ▲ 120% |
| Remuneration and social security454/9 | €10k | €13k | €13k | €11k | €12k | ▲ 10.8% |
| Other amounts payable47/48 | €141k | €116k | €88k | €342k | €342k | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €434 | €78 | - | €147 | €45 | ▼ 69.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €144k | €137k | €152k | €108k | €321k | ▲ 197% |
| + Depreciation and write-downs630 | €998 | €998 | €2k | €2k | €2k | ▲ 4.6% |
| Operating cash flow (approximation) | €145k | €138k | €154k | €110k | €323k | ▲ 193% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-6k | €6 | ▲ 100% |
| Change in cash | - | €987 | €22k | €-24k | €85k | ▲ 456% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €321k ▲197%
Operating result €455k, net result €321k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €108k ▼28.6%
Net result drops to €108k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1MEq €1.12M ▲13.3%
6 profitable years in a row build equity to €1.12M.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €500kEq €629k ▲33.1%
2 profitable years in a row build equity to €629k.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State 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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Directors · office · real estate
Directors
6 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, Vielsalm · 1 establishment unit since 2012
Ground area
444 m²
Building footprint
460 m²
Parcel 82006A1278/00E011, Wallonia. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SML INGENIEURS CONSEILS
since 20122.230.228.057
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82006A1278/00E011 | Wallonia | 444 m² | 1 · 460 m² | - |
Linked by address, not proof of ownership
Good to know
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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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 4,312 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
64210Activities of holding companies
71122Land surveying
71209Other technical testing and analysis
74120Graphic design and visual communication
Scores and ratios are computed by Checked and are not a credit decision.