D-SMET
ActiveThe computed 12-month bankruptcy probability of D-SMET is 2.7% (moderate). The 2024 annual accounts show equity of €186k and a net result of €-19k. Its solvency ranks better than 52% of 36373 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-82
Solvency73▼-27
Growth32
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 7.99 against 11.3 in 2023; short-term debt: 3.6% and cash: 14.8% of total assets), but 52% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48%
Return on assets
-4.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€186k▼ 9.1%
2023 · €205k
2023: €205k
2023 → 2024
Total assets
€388k▲ 77.2%
2023 · €219k
2023: €219k
2023 → 2024
Net result
€-19k
2023 · €46k
2023: €46k
2023 → 2024
Working capital
€96k▼ 32.5%
2023 · €143k
2023: €143k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€205k-€186k▼ 9.1%
Operating result€60k-€-17k
Net result€46k-€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €17k after €60k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €388k
Fixed assets
€278k▲ 345%
Current assets
€110k▼ 29.6%
Equity and liabilities €388k
Equity
€186k▼ 9.1%
Debt
€202k▲ 1,351%
The debt ratio rises from 6.3% to 52.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▼
2023 · €66k
Cash flow
€-10k▼
2023 · €52k
Solvency
48.0%▼
2023 · 93.7%
Current ratio
7.99▼
2023 · 11.30
Quick ratio
7.34▼
2023 · 11.30
Debt / equity
1.08▲
2023 · 0.07
ROE
-10.1%▼
2023 · 22.4%
ROA
-4.8%▼
2023 · 21.0%
Interest coverage
-4.48▼
2023 · 59.27
Debt
€202k▲
2023 · €14k
Debt ≤ 1 year
€14k▼
2023 · €14k
Debt > 1 year
€188k▲
2023 · €0
Income taxes
€0▼
2023 · €13k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€219k€388k▲
Fixed assets21/28€62k€278k▲
Tangible fixed assets22/27€62k€278k▲
Land and buildings22€55k€272k▲
Plant, machinery and equipment23€122€0▼
Furniture and vehicles24€7k€6k▼
Current assets29/58€157k€110k▼
Amounts receivable after more than one year29-€21k
Other amounts receivable291-€21k
Stocks and contracts in progress3-€9k
Stocks30/36-€9k
Amounts receivable within one year40/41€12k€22k▲
Trade receivables40€10k€7k▼
Other amounts receivable41€2k€15k▲
Cash at bank and in hand54/58€144k€57k▼
Deferred charges and accrued income490/1€694€696▲
Equity and liabilities
Total equity and liabilities10/49€219k€388k▲
Equity10/15€205k€186k▼
Contributions10/11€1k€1k=
Reserves13€204k€204k=
Distributable reserves133€204k€204k=
Profit (loss) carried forward14€0€-19k▼
Amounts payable17/49€14k€202k▲
Amounts payable after more than one year17€0€188k▲
Financial debts170/4€0€188k▲
Amounts payable within one year42/48€14k€14k▼
Current portion of amounts payable after more than one year42€0€10k▲
Trade debts44€559€963▲
Suppliers440/4€559€963▲
Taxes, remuneration and social security45€9k€419▼
Taxes450/3€9k€419▼
Other amounts payable47/48€5k€2k▼
Accrued charges and deferred income492/3€40€166▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€68k€-6k▼
Operating profit (loss)9901€60k€-17k▼
Financial income75/76B€130€99▼
Recurring financial income75€130€0▼
Non-recurring financial income76B-€99
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€59k€-19k▼
Income taxes67/77€13k€0▼
Profit (loss) for the period9904€46k€-19k▼
Profit (loss) for the period to be appropriated9905€46k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€-19k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€46k€0▼
Return on contributions (dividend)694€46k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
Directors · office · real estate
Directors
2 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, Izegem · 1 establishment unit since 2020
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.
Lendeleedsestraat 1618870 IzegemGround area
917 m²
Building footprint
140 m²
Volume, LiDAR
541 m³
Parcel 36493B0354/00X000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
D-SMET
since 20202.297.885.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0354/00X000 | Flanders | 917 m² | 1 · 140 m² | 7.0 m · 1 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.
Similar companies · same sector, comparable size
CONCRETE DREAMS
BE 0543.670.647
Heist-op-den-Berg · Eq €187k
VENTILATION CONCEPT
BE 0568.886.192
Anderlecht · Eq €185k
Wetenschapspark Leuven Noord
BE 0759.838.315
Leuven · Eq €189k
F.D.C. WINDOW FILM
BE 0878.451.893
Grobbendonk · Eq €189k
De Vijlder
BE 0886.224.266
Wetteren · Eq €184k
Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 1,298 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2020
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.