DE SMET
ActiveDE SMET has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.80M and a net result of €167k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 87% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-10
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 5.48 against 4.76 in 2024; short-term debt: 17.9% and cash: 61.1% of total assets), and 17.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
82.1%
Return on assets
1.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
45 d late
2024
29 d late
2023
68 d late
2022
71 d late
2021
88 d late
2020
90 d late
2019
90 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€167k▼ 55.2%
2024 · €373k
2018: €283k
2019: €288k
2020: €243k
2021: €390k
2022: €568k
2023: €528k
2024: €373k
2018 → 2025
Working capital
€7.63M▲ 2.3%
2024 · €7.45M
2018: €7.36M
2019: €7.64M
2020: €7.89M
2021: €7.53M
2022: €7.34M
2023: €7.32M
2024: €7.45M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.53M-€7.35M▼ 2.4%€7.36M▲ 0.1%€7.63M▲ 3.7%€7.80M▲ 2.2%
Operating result€348k-€621k▲ 78.8%€631k▲ 1.5%€178k▼ 71.8%€108k▼ 39.4%
Net result€390k-€568k▲ 45.4%€528k▼ 7.1%€373k▼ 29.3%€167k▼ 55.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.50M
Fixed assets
€171k▼ 3.8%
Current assets
€9.33M▼ 1.1%
Equity and liabilities €9.50M
Equity
€7.80M▲ 2.2%
Debt
€1.70M▼ 14.2%
The debt ratio falls from 20.6% to 17.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€115k▼
2024 · €184k
Cash flow
€174k▼
2024 · €379k
Solvency
82.1%▲
2024 · 79.4%
Current ratio
5.48▲
2024 · 4.76
Quick ratio
5.32▲
2024 · 4.64
Debt / equity
0.22▼
2024 · 0.26
ROE
2.1%▼
2024 · 4.9%
ROA
1.8%▼
2024 · 3.9%
Interest coverage
1.71▼
2024 · 2.61
Debt
€1.70M▼
2024 · €1.98M
Debt ≤ 1 year
€1.70M▼
2024 · €1.98M
Income taxes
€72k▼
2024 · €77k
Staff costs
€127k▲
2024 · €82k
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€9.61M€9.50M▼
Fixed assets21/28€178k€171k▼
Tangible fixed assets22/27€178k€171k▼
Land and buildings22€0-
Other tangible fixed assets26€178k€171k▼
Current assets29/58€9.43M€9.33M▼
Stocks and contracts in progress3€245k€276k▲
Stocks30/36€245k€276k▲
Amounts receivable within one year40/41€3.25M€3.23M▼
Trade receivables40€1.74M€1.65M▼
Other amounts receivable41€1.50M€1.58M▲
Current investments50/53€3.10M€0▼
Cash at bank and in hand54/58€2.83M€5.81M▲
Deferred charges and accrued income490/1€14k€17k▲
Equity and liabilities
Total equity and liabilities10/49€9.61M€9.50M▼
Equity10/15€7.63M€7.80M▲
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€7.13M€7.30M▲
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€7.02M€7.19M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.98M€1.70M▼
Amounts payable within one year42/48€1.98M€1.70M▼
Trade debts44€187k€262k▲
Suppliers440/4€187k€262k▲
Taxes, remuneration and social security45€136k€40k▼
Taxes450/3€130k€34k▼
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€1.66M€1.40M▼
Accrued charges and deferred income492/3€474€0▼
Income statement
Code20242025
Non-recurring operating income76A-€14k
Remuneration, social security and pensions62€82k€127k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€125k
Other operating charges640/8€305k€20k▼
Non-recurring operating charges66A-€11k
Gross operating margin9900€571k€398k▼
Operating profit (loss)9901€178k€108k▼
Financial income75/76B€342k€199k▼
Recurring financial income75€342k€199k▼
Financial charges65/66B€70k€67k▼
Recurring financial charges65€70k€67k▼
Profit (loss) for the period before taxes9903€450k€239k▼
Income taxes67/77€77k€72k▼
Profit (loss) for the period9904€373k€167k▼
Profit (loss) for the period to be appropriated9905€373k€167k▼
Appropriation of the result
Profit (loss) to be appropriated9906€373k€167k▼
Transfer to equity691/2€273k€167k▼
To other reserves6921€273k€167k▼
Profit to be distributed694/7€100k€0▼
Return on contributions (dividend)694€100k€0▼
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (8 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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 45 days late
2025
31-12
Financial
Weakest financial yearnet €167k ▼55.2%
Net result drops to €167k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Highest result since 2018net €568k ▲45.4%
Net result €568k, the highest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 88 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 70 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lede · 1 establishment unit since 1986
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.
Molenhoek 1319340 LedeGround area
1,474 m²
Building footprint
181 m²
Volume, LiDAR
1,036 m³
Parcel 41066B0005/00C004, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Molenhoek 131, 9340 Lede
since 19862.028.384.321
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41066B0005/00C004 | Flanders | 1,474 m² | 1 · 181 m² | 10.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
8945005GAY934VP56A38
Similar companies · same sector, comparable size
BOUWCENTER VANHULLE
BE 0434.187.341
Zulte · Eq €7.78M
FAMILIE ROBERT DEVOOGHT
BE 0451.591.418
Gent · Eq €7.84M
RUWOMAT
BE 0459.109.314
Zulte · Eq €7.91M
COVARI
BE 0455.503.783
Niel · Eq €7.52M
PLASTIEK HOFSTADE
BE 0430.720.283
Aalst · Eq €8.14M
Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 587 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-12-1985
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.