Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SM Company from Saint-Ghislain, company number BE0443818946, closed financial year 2025 with a result of € 16,775 after tax. For that financial year SM Company recorded a gross margin of € 46,742 and equity of € -3,674. Compared with financial year 2024, the result moved from € 28,089 to € 16,775. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ -3,674
▲ € 16,775 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,775
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 71,478
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -25,489.
People and assets in 2025
€ 7,076
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 387,899
▼ 8% vs 2024
€ 189,393 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1,056
▲ 235% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 29,075 | € 32,191 | € 63,197 | € 46,742 | ▼ 26% |
| Profit after taxes | € 4,520 | € -4,483 | € 28,089 | € 16,775 | ▼ 40% |
| Equity | € -44,056 | € -48,539 | € -20,450 | € -3,674 | ▲ € 16,775 |
| Total debts | € 625,276 | € 611,691 | € 584,796 | € 552,290 | ▼ 6% |
| Cash | € 985 | € 230 | € 73,385 | € 71,478 | ▼ 3% |
| Land & buildings | € 545,380 | € 523,791 | € 499,992 | € 475,582 | ▼ 5% |
| Retained profit | € -65,871 | € -70,354 | € -42,264 | € -25,489 | ▲ € 16,775 |
| Bank debt | € 472,420 | € 448,932 | € 421,270 | € 387,899 | ▼ 8% |
| Balance sheet total | € 598,228 | € 577,326 | € 575,686 | € 557,120 | ▼ 3% |
Key figures of SM Company, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SM Company?
What happened at SM Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,775 (▼ 40% vs 2024). filed late Source: NBB ↗
- New establishment in Dour. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,520 profit in 2022 to € 16,775 profit in 2025.
Best year ever: 2024, with € 28,089 profit.
Management
Behind SM Company is Antonino Mastrogiovanni.
Directors
According to the 2025 annual accounts
Antonino Mastrogiovanni
Director
Establishments
Establishment units
Physical locations of this company
Rue des Burdiaux(H) 24 box B
7334 Saint-Ghislain
Rue Henri Pochez 6
7370 Dour
Active since 10 April 1991
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0443.818.946
- VAT number
- BE 0443.818.946
- Registered office
- Rue des Burdiaux(H) 24 bus B, 7334 Saint-Ghislain
- Names & denominations
- SM Company
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 March 1991
- Peppol
- Not registered