BAKKERIJ SMETS
ActiveBAKKERIJ SMETS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €724k and a net result of €165k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.65 against 2.4 in 2024), and 23.5% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.5%
Return on assets
17.4%
Age of the figures
8 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
14 d early
2023
13 d early
2022
17 d early
2021
60 d early
2020
39 d early
2019
11 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€724k▲ 25.9%
2024 · €575k
2018: €353k
2019: €426k
2020: €430k
2021: €354k
2022: €403k
2023: €477k
2024: €575k
2018 → 2025
Total assets
€946k▲ 9.9%
2024 · €861k
2018: €688k
2019: €743k
2020: €714k
2021: €700k
2022: €689k
2023: €763k
2024: €861k
2018 → 2025
Net result
€165k▼ 3.4%
2024 · €171k
2018: €53k
2019: €73k
2020: €4k
2021: €101k
2022: €95k
2023: €128k
2024: €171k
2018 → 2025
Working capital
€452k▲ 43.9%
2024 · €314k
2018: €179k
2019: €215k
2020: €224k
2021: €129k
2022: €167k
2023: €206k
2024: €314k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€354k-€403k▲ 13.9%€477k▲ 18.5%€575k▲ 20.5%€724k▲ 25.9%
Operating result€132k-€154k▲ 16.4%€166k▲ 7.7%€219k▲ 32.2%€233k▲ 6.4%
Net result€101k-€95k▼ 6.1%€128k▲ 34.1%€171k▲ 33.7%€165k▼ 3.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €946k
Fixed assets
€323k▲ 0.6%
Current assets
€623k▲ 15.5%
Equity and liabilities €946k
Equity
€724k▲ 25.9%
Debt
€222k▼ 22.2%
The debt ratio falls from 33.2% to 23.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€293k▲
2024 · €272k
Cash flow
€224k▲
2024 · €224k
Solvency
76.5%▲
2024 · 66.8%
Current ratio
3.65▲
2024 · 2.40
Quick ratio
3.17▲
2024 · 1.99
Debt / equity
0.31▼
2024 · 0.50
ROE
22.7%▼
2024 · 29.7%
ROA
17.4%▼
2024 · 19.8%
Interest coverage
29.56▼
2024 · 87.65
Debt
€222k▼
2024 · €285k
Debt ≤ 1 year
€170k▼
2024 · €225k
Debt > 1 year
€47k▼
2024 · €60k
Income taxes
€72k▲
2024 · €65k
Staff costs
€308k▼
2024 · €314k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€861k€946k▲
Fixed assets21/28€322k€323k▲
Tangible fixed assets22/27€309k€313k▲
Land and buildings22€188k€177k▼
Plant, machinery and equipment23€88k€80k▼
Furniture and vehicles24-€26k
Other tangible fixed assets26€33k€29k▼
Financial fixed assets28€13k€11k▼
Current assets29/58€539k€623k▲
Stocks and contracts in progress3€92k€82k▼
Stocks30/36€92k€82k▼
Amounts receivable within one year40/41€13k€12k▼
Trade receivables40€11k€12k▲
Other amounts receivable41€1k€282▼
Current investments50/53€277k€380k▲
Cash at bank and in hand54/58€140k€137k▼
Deferred charges and accrued income490/1€17k€11k▼
Equity and liabilities
Total equity and liabilities10/49€861k€946k▲
Equity10/15€575k€724k▲
Contributions10/11€19k€19k=
Reserves13€529k€678k▲
Distributable reserves133€529k€678k▲
Profit (loss) carried forward14€28k€28k=
Amounts payable17/49€285k€222k▼
Amounts payable after more than one year17€60k€47k▼
Financial debts170/4€60k€47k▼
Amounts payable within one year42/48€225k€170k▼
Current portion of amounts payable after more than one year42€20k€13k▼
Trade debts44€37k€41k▲
Suppliers440/4€37k€41k▲
Taxes, remuneration and social security45€99k€101k▲
Taxes450/3€32k€31k▼
Remuneration and social security454/9€67k€70k▲
Other amounts payable47/48€70k€15k▼
Accrued charges and deferred income492/3€572€5k▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€314k€308k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€60k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€587k€602k▲
Operating profit (loss)9901€219k€233k▲
Financial income75/76B€20k€14k▼
Recurring financial income75€20k€14k▼
Non-recurring financial income76B€0-
Financial charges65/66B€3k€10k▲
Recurring financial charges65€3k€10k▲
Profit (loss) for the period before taxes9903€236k€237k▲
Income taxes67/77€65k€72k▲
Profit (loss) for the period9904€171k€165k▼
Profit (loss) for the period to be appropriated9905€171k€165k▼
Appropriation of the result
Profit (loss) to be appropriated9906€198k€192k▼
Profit (loss) brought forward from the previous period14P€28k€28k=
Transfer from equity791/2€73k€16k▼
Transfer to equity691/2€171k€165k▼
To other reserves6921€171k€165k▼
Profit to be distributed694/7€73k€16k▼
Return on contributions (dividend)694€73k€16k▼
Social balance
Average headcount (FTE)90876.26.1▼
The notes to these accounts (18 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €171k ▲33.7%
Net result €171k, the highest in the series.
31-12
Financial
Equity above €500kEq €575k ▲20.5%
7 profitable years in a row build equity to €575k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €4k ▼94.7%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Riemst · 1 establishment unit since 1998
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.
Boys 33770 RiemstGround area
402 m²
Building footprint
201 m²
Volume, LiDAR
1,340 m³
Parcel 73035A0371/00L000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Patisserie Smets
since 19982.085.617.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73035A0371/00L000 | Flanders | 402 m² | 1 · 201 m² | 9.5 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 29,037 EUR awarded · 29,037 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 16,376 EUR | 16,376 EUR |
| 2024 | 1 | 12,661 EUR | 12,661 EUR |
Schemes
Individueel Maatwerk
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Recognitions · licences · registrations
Food safety, FASFC
1 siteRiemst2.085.617.586
Similar companies · same sector, comparable size
BAKKERIJ RUBBENS
BE 0437.168.013
Tielt-Winge · Eq €724k
Boulangerie BITAINE
BE 0428.343.783
Virton · Eq €723k
LA LORRAINE FERNELMONT
BE 0421.736.303
Fernelmont · Eq €726k
BAKKERIJ DE MUNTER
BE 0808.530.137
Middelkerke · Eq €729k
VANNOPPEN-DUMONT
BE 0701.599.119
Heusden-Zolder · Eq €730k
Of 4,201 companies in sector 10712 we hold annual accounts for 1,851. 1,081 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-1998
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
47241Retail sale of bread and pastry (bakery outlets)
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.