Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 8 to 6.8.
Financials
Financial year 2025
SMSA Invest from Merbes-le-Château, company number BE0730724655, closed financial year 2025 with a result of € 248,753 after tax. For that financial year SMSA Invest recorded a gross margin of € 891,848 and equity of € 96,397. Compared with financial year 2024, the result moved from € 311,380 to € 248,753. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 96,397
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 248,753
▼ 20% vs 2024
Profit after tax over the fiscal year.
€ 518,381
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
6.8
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 517,241
▲ 1% vs 2024
€ 76,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 94,380
▲ € 73,232 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 96,226
▲ 63% vs 2024
€ 15,847 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 65,468
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 77,165
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 898,755 | € 863,687 | € 941,029 | € 891,848 | ▼ 5% |
| Profit after taxes | € 337,792 | € 233,759 | € 311,380 | € 248,753 | ▼ 20% |
| Equity | € 202,505 | € 236,264 | € 147,644 | € 96,397 | ▼ 35% |
| Total debts | € 571,876 | € 368,831 | € 578,843 | € 538,859 | ▼ 7% |
| Cash | € 749,305 | € 580,882 | € 682,571 | € 518,381 | ▼ 24% |
| Retained profit | € 190,505 | € 224,264 | € 135,644 | € 84,397 | ▼ 38% |
| Dividend | € 400,000 | € 200,000 | € 400,000 | € 300,000 | ▼ 25% |
| Bank debt | € 0 | € 0 | € 58,879 | € 96,226 | ▲ 63% |
| Balance sheet total | € 774,380 | € 605,095 | € 726,488 | € 635,257 | ▼ 13% |
| Employees (FTE) | 6.8 | 8 | 7.3 | 6.8 | ▼ 0.5 |
Key figures of SMSA Invest, 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 SMSA Invest?
What happened at SMSA Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 248,753 (▼ 20% vs 2024). Source: NBB ↗
- New establishment in Couvin. KBO
- New establishment in Chimay. KBO
- IA MANAGEMENT became a director. NBB
- OV CONSULTING became a director. NBB
- SJ PATRIMONIAL MANAGEMENT became a director. NBB
- S DUF INVEST became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 337,792 profit in 2022 to € 248,753 profit in 2025.
Paid € 407,135 in corporate taxes since 2022.
Best year ever: 2022, with € 337,792 profit.
On average € 131,200 of value added per employee in 2025.
A new publication or filing at SMSA Invest? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SMSA Invest are IA MANAGEMENT, OV CONSULTING, SJ PATRIMONIAL MANAGEMENT and S DUF INVEST. The shares are held by IA MANAGEMENT (25%), OV CONSULTING (25%), SJ PATRIMONIAL MANAGEMENT (25%) and S DUF INVEST (25%).
Directors
According to the 2025 annual accounts
Director · represented by Aude Vandewiele
since 2019
Director · represented by Marika Bullo
since 2019
Director · represented by Samuel Juste
since 2019
Director · represented by Stéphane Dufrasne
since 2019
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Hornet(F-V) 36
6567 Merbes-le-Château
Faubourg-Saint-Germain 83
5660 Couvin
Active since 14 October 2019
Place Froissart(CH) 2
6460 Chimay
Active since 14 October 2019
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
- 0730.724.655
- VAT number
- BE 0730.724.655
- Registered office
- Rue Hornet(F-V) 36, 6567 Merbes-le-Château
- Names & denominations
- SMSA Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2019
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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