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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SMDS from Kortrijk, company number BE0681542685, closed financial year 2025 with a result of € -10,681 after tax. For that financial year SMDS recorded a gross margin of € 20,335 and equity of € 43,297. Compared with financial year 2024, the result moved from € -10,540 to € -10,681. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 43,297
▼ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,681
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 30,297.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 26,001
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5,097
▼ 66% vs 2024
Loans from banks and other lenders, long and short.
€ 10,180
▲ 13% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 51,547 | € 16,947 | € 20,008 | € 20,335 | ▲ 2% |
| Profit after taxes | € 22,885 | € -12,567 | € -10,540 | € -10,681 | ▼ € 141 |
| Equity | € 96,617 | € 84,050 | € 67,910 | € 43,297 | ▼ 36% |
| Total debts | € 66,272 | € 53,279 | € 24,572 | € 25,569 | ▲ 4% |
| Cash | € 58,376 | € 43,179 | € 14,413 | - | |
| Land & buildings | € 22,033 | € 29,152 | € 26,742 | € 24,595 | ▼ 8% |
| Retained profit | € 78,017 | € 65,450 | € 54,910 | € 30,297 | ▼ 45% |
| Dividend | € 1,600 | € 0 | € 0 | € 13,932 | |
| Bank debt | € 35,096 | € 25,206 | € 15,207 | € 5,097 | ▼ 66% |
| Balance sheet total | € 162,889 | € 137,329 | € 92,482 | € 68,866 | ▼ 26% |
Key figures of SMDS, 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 SMDS?
What happened at SMDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10,681. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Stijn Demeulemeester became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 22,885 profit in 2022 to € 10,681 loss in 2025.
Paid € 16,349 in corporate taxes since 2022.
Best year ever: 2022, with € 22,885 profit.
Paid out € 15,532 in dividends to the owners in total.
Management
Behind SMDS is Stijn Demeulemeester.
Directors
According to the 2025 annual accounts
Stijn Demeulemeester
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Wolvenstraat(Kor) 20
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0681.542.685
- VAT number
- BE 0681.542.685
- Registered office
- Wolvenstraat(Kor) 20, 8500 Kortrijk
- Names & denominations
- SMDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2017
- Peppol
- Active · Active since 1 Jun 2025
- Activities · NACE
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