DE SMET BART
ActiveSummary
DE SMET BART has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €308,380 and a net result of -€2,557. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 25% of 15368 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-3
Solvency57▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.64 in 2023; short-term debt: 40.7% and cash: 1.6% of total assets), and 68.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
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
31.9%
Return on assets
-0.3%
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 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
91 d late
2022
416 d late
2021
11 d early
2020
60 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€308,380▼ 0.8%
2023 · €310,937
Total assets
€965,660▲ 7.7%
2023 · €896,644
Net result
-€2,557
2023 · €14,275
Working capital
-€266,451▼ 240%
2023 · -€78,304
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€43,400▼ 33.2%€43,418=€42,438▼ 2.3%€35,220▼ 17.0%€7,711▼ 78.1%
Net result€21,547within the sector's middle half▼ 39.7%€16,616within the sector's middle half▼ 22.9%€16,717within the sector's middle half▲ 0.6%€14,275within the sector's middle half▼ 14.6%-€2,557below the sector's middle half
Equity€263,330above the sector's middle half▲ 8.9%€279,945above the sector's middle half▲ 6.3%€296,662above the sector's middle half▲ 6.0%€310,937above the sector's middle half▲ 4.8%€308,380above the sector's middle half▼ 0.8%
Total assets€814,084above the sector's middle half▲ 3.2%€883,353above the sector's middle half▲ 8.5%€918,979above the sector's middle half▲ 4.0%€896,644above the sector's middle half▼ 2.4%€965,660above the sector's middle half▲ 7.7%
Debt€550,755▲ 0.7%€603,408▲ 9.6%€622,317▲ 3.1%€585,708▼ 5.9%€657,280▲ 12.2%
Working capital-€146,477below the sector's middle half▲ 10.7%-€131,522below the sector's middle half▲ 10.2%-€132,273below the sector's middle half▼ 0.6%-€78,304below the sector's middle half▲ 40.8%-€266,451below the sector's middle half▼ 240%
Solvency32.3%within the sector's middle half▲ 1.7pp31.7%within the sector's middle half▼ 0.7pp32.3%within the sector's middle half▲ 0.6pp34.7%within the sector's middle half▲ 2.4pp31.9%within the sector's middle half▼ 2.7pp
Current ratio0.27below the sector's middle half▲ 0.120.39below the sector's middle half▲ 0.120.45below the sector's middle half▲ 0.060.64below the sector's middle half▲ 0.180.32below the sector's middle half▼ 0.31
Return on assets (ROA)2.6%below the sector's middle half▼ 1.9pp1.9%below the sector's middle half▼ 0.8pp1.8%below the sector's middle half▼ 0.1pp1.6%below the sector's middle half▼ 0.2pp-0.3%below the sector's middle half▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 78% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €965,660
Fixed assets
€839,016 ▲ 10.4%
Current assets
€126,644 ▼ 7.2%
Equity and liabilities €965,660
Equity
€308,380 ▼ 0.8%
Debt
€657,280 ▲ 12.2%
Debt's share of the balance-sheet total rises from 65.3% to 68.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€88,238▲
2023 · €85,617
Cash flow
€77,970▲
2023 · €64,671
Debt to equity
2.13▲
2023 · 1.88
ROE
-0.8%▼
2023 · 4.6%
Interest coverage
17.25▲
2023 · 14.44
Debt ≤ 1 year
€393,095▲
2023 · €214,704
Debt > 1 year
€259,152▼
2023 · €371,004
Income taxes
€5,154▼
2023 · €15,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,612 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,512 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,813 | €41,329 | €48,935 | €50,397 | €80,527 | ▲ 59.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €3,973 | €13,638 | €5,635 | €8,824 | ▲ 56.6% |
| Non-recurring operating charges66A | - | €10,814 | €1,388 | - | - | - |
| Gross operating margin9900 | €74,225 | €99,534 | €106,399 | €91,252 | €97,062 | ▲ 6.4% |
| Operating profit (loss)9901 | €43,400 | €43,418 | €42,438 | €35,220 | €7,711 | ▼ 78.1% |
| Financial income75/76B | - | €0 | - | €13 | €0 | ▼ 99.8% |
| Recurring financial income75 | €11 | €0 | - | €13 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | €16,168 | €10,919 | €5,928 | €5,114 | ▼ 13.7% |
| Recurring financial charges65 | €14,053 | €16,168 | €10,919 | €5,928 | €5,114 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | €29,357 | €27,250 | €31,520 | €29,305 | €2,597 | ▼ 91.1% |
| Income taxes67/77 | €7,810 | €10,634 | €14,803 | €15,030 | €5,154 | ▼ 65.7% |
| Profit (loss) for the period9904 | €21,547 | €16,616 | €16,717 | €14,275 | -€2,557 | ▼ 118% |
| Transfer from tax-exempt reserves789 | - | €1,130 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €21,547 | €17,746 | €16,717 | €14,275 | -€2,557 | ▼ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €814,084 | €883,353 | €918,979 | €896,644 | €965,660 | ▲ 7.7% |
| Fixed assets21/28 | €760,065 | €799,135 | €810,397 | €760,244 | €839,016 | ▲ 10.4% |
| Tangible fixed assets22/27 | €759,945 | €799,015 | €810,277 | €760,124 | €838,896 | ▲ 10.4% |
| Land and buildings22 | - | €715,123 | €693,675 | €672,227 | €650,779 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | €221 | - | €176 | €95 | ▼ 46.1% |
| Furniture and vehicles24 | - | €74,501 | €99,092 | €71,721 | €167,722 | ▲ 134% |
| Other tangible fixed assets26 | - | €9,170 | €17,510 | €16,000 | €20,300 | ▲ 26.9% |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €54,020 | €84,218 | €108,582 | €136,400 | €126,644 | ▼ 7.2% |
| Amounts receivable after more than one year29 | - | - | - | €82,500 | €49,000 | ▼ 40.6% |
| Trade receivables290 | - | - | - | €82,500 | €49,000 | ▼ 40.6% |
| Amounts receivable within one year40/41 | €17,902 | €27,852 | €2,553 | €44,253 | €58,377 | ▲ 31.9% |
| Trade receivables40 | - | €23,080 | - | €44,253 | €19,139 | ▼ 56.8% |
| Other amounts receivable41 | - | €4,772 | €2,553 | - | €39,238 | - |
| Current investments50/53 | €336 | €270 | €117 | - | €66 | - |
| Cash at bank and in hand54/58 | €31,458 | €54,465 | €102,001 | €7,407 | €15,786 | ▲ 113% |
| Deferred charges and accrued income490/1 | - | €1,631 | €3,911 | €2,240 | €3,416 | ▲ 52.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €814,084 | €883,353 | €918,979 | €896,644 | €965,660 | ▲ 7.7% |
| Equity10/15 | €263,330 | €279,945 | €296,662 | €310,937 | €308,380 | ▼ 0.8% |
| Contributions10/11 | - | €91,100 | €91,100 | €91,100 | €91,100 | = |
| Reserves13 | €172,230 | €188,845 | €205,562 | €219,837 | €217,280 | ▼ 1.2% |
| Non-distributable reserves130/1 | - | €9,110 | €9,110 | €9,110 | €9,110 | = |
| Reserves not available under the articles1311 | - | €9,110 | €9,110 | €9,110 | €9,110 | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €179,735 | €196,452 | €210,727 | €208,170 | ▼ 1.2% |
| Amounts payable17/49 | €550,755 | €603,408 | €622,317 | €585,708 | €657,280 | ▲ 12.2% |
| Amounts payable after more than one year17 | €345,673 | €383,057 | €376,386 | €371,004 | €259,152 | ▼ 30.1% |
| Financial debts170/4 | - | €383,057 | €376,386 | €371,004 | €259,152 | ▼ 30.1% |
| Amounts payable within one year42/48 | €200,497 | €215,740 | €240,855 | €214,704 | €393,095 | ▲ 83.1% |
| Current portion of amounts payable after more than one year42 | - | €52,724 | €58,854 | €5,382 | €63,461 | ▲ 1,079% |
| Financial debts43 | - | €7,105 | €280 | €6,155 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €7,105 | €280 | €6,155 | €0 | ▼ 100% |
| Trade debts44 | €3,698 | €3,152 | €5,495 | €4,897 | €12,986 | ▲ 165% |
| Suppliers440/4 | - | €3,152 | €5,495 | €4,897 | €12,986 | ▲ 165% |
| Taxes, remuneration and social security45 | - | €11,981 | €33,868 | €98,659 | €69,303 | ▼ 29.8% |
| Taxes450/3 | - | €9,681 | €31,568 | €96,359 | €64,703 | ▼ 32.9% |
| Remuneration and social security454/9 | - | €2,300 | €2,300 | €2,300 | €4,600 | ▲ 100% |
| Other amounts payable47/48 | - | €140,778 | €142,358 | €99,610 | €247,345 | ▲ 148% |
| Accrued charges and deferred income492/3 | - | €4,610 | €5,076 | - | €5,033 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,547 | €16,616 | €16,717 | €14,275 | -€2,557 | ▼ 118% |
| + Depreciation and write-downs630 | €26,813 | €41,329 | €48,935 | €50,397 | €80,527 | ▲ 59.8% |
| Operating cash flow (approximation) | €48,361 | €57,945 | €65,651 | €64,671 | €77,970 | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | -€80,400 | -€60,197 | -€244 | -€159,298 | ▼ 65,240% |
| Change in cash | - | €23,007 | €47,536 | -€94,594 | €8,379 | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€2,557
Net result drops to -€2,557, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 416 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €35,709 ▲72.8%
Operating result €64,945, net result €35,709, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 2004
Ground area
931 m²
Building footprint
168 m²
Volume, LiDAR
902 m³
Parcel 11322E0004/00A003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kapelsesteenweg 280, 2930 Brasschaat
since 20042.232.129.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0004/00A003 | Flanders | 931 m² | 1 · 168 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
Vigorem
BE 0773.648.442
Antwerpen · Eq €310,104
GERECHTSDEURWAARDERS VERHULST - VAN MOERKERCKE - HOUET
BE 0474.091.260
Geel · Eq €310,685
JBG
BE 0869.884.914
Sint-Pieters-Woluwe · Eq €311,241
Baiulus
BE 0805.388.624
Puurs-Sint-Amands · Eq €313,333
JOHN BAELDE
BE 0462.112.552
Kortenberg · Eq €313,515
Of 1,018 companies in this sector we hold annual accounts for 610. 469 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864847743
Also
9925:BE0864847743
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.