F. SMITS MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €450k and a net result of €35k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 7980 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2023
26 d early
2022
28 d late
2021
4 d early
2020
17 d late
2019
91 d late
2018
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€450k▲ 8.5%
2023 · €414k
2018: €289k
2019: €263k
2020: €314k
2021: €369k
2022: €396k
2023: €414k
2018 → 2025
Net result
€35k▲ 95.2%
2023 · €18k
2018: €14k
2019: €-26k
2020: €51k
2021: €55k
2022: €27k
2023: €18k
2018 → 2025
Total assets
€463k▲ 0.4%
2023 · €461k
2018: €344k
2019: €292k
2020: €329k
2021: €395k
2022: €440k
2023: €461k
2018 → 2025
Solvency
97.1%▲ 7.3pp
2023 · 89.9%
2018: 84.1%
2019: 90.1%
2020: 95.2%
2021: 93.4%
2022: 90.0%
2023: 89.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€314k-€369k▲ 17.6%€396k▲ 7.5%€414k▲ 4.6%€450k▲ 8.5%
Operating result€36k-€46k▲ 29.0%€46k▼ 0.1%€45k▼ 1.6%€26k▼ 42.9%
Net result€51k-€55k▲ 8.5%€27k▼ 50.2%€18k▼ 34.2%€35k▲ 95.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €26k in 2025, compared with €45k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €463k
Fixed assets
€204k▼ 12.3%
Current assets
€259k▲ 13.4%
Equity and liabilities €463k
Equity
€450k▲ 8.5%
Debt
€13k▼ 71.6%
The debt ratio falls from 10.1% to 2.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
97.1%▲
2023 · 89.9%
ROE
7.9%▲
2023 · 4.4%
ROA
7.6%▲
2023 · 3.9%
Debt
€13k▼
2023 · €47k
Debt ≤ 1 year
€13k▼
2023 · €47k
Income taxes
€10k▼
2023 · €15k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€461k€463k▲
Fixed assets21/28€233k€204k▼
Tangible fixed assets22/27€233k€204k▼
Land and buildings22€184k€173k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€47k€28k▼
Current assets29/58€228k€259k▲
Amounts receivable within one year40/41€13k€9k▼
Trade receivables40€13k€2k▼
Other amounts receivable41-€7k
Current investments50/53€174k€183k▲
Cash at bank and in hand54/58€41k€66k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€461k€463k▲
Equity10/15€414k€450k▲
Contributions10/11€20k€20k=
Reserves13€376k€376k=
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Distributable reserves133€362k€362k=
Profit (loss) carried forward14€18k€53k▲
Amounts payable17/49€47k€13k▼
Amounts payable within one year42/48€47k€13k▼
Trade debts44€17k€2k▼
Suppliers440/4€17k€2k▼
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€17k€10k▼
Other amounts payable47/48€13k€2k▼
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€32k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€64k€63k▼
Operating profit (loss)9901€45k€26k▼
Financial income75/76B€8k€32k▲
Recurring financial income75€8k€32k▲
Financial charges65/66B€20k€13k▼
Recurring financial charges65€20k€13k▼
Profit (loss) for the period before taxes9903€33k€45k▲
Income taxes67/77€15k€10k▼
Profit (loss) for the period9904€18k€35k▲
Profit (loss) for the period to be appropriated9905€18k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€53k▲
Profit (loss) brought forward from the previous period14P-€18k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity quadruplescurrent ratio 19.53
Current ratio from 4.89 to 19.53; short-term debt falls from €47k to €13k.
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €55k ▲8.5%
Operating result €46k, net result €55k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 8.24
Current ratio from 2.81 to 8.24; short-term debt falls from €29k to €16k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-26k ▼289%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-07
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.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-02-2026
Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen
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.
Molenstraat 602018 AntwerpenGround area
305 m²
Building footprint
244 m²
Volume, LiDAR
2,577 m³
Parcel 11810K1515/00H013, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1515/00H013 | Flanders | 305 m² | 1 · 244 m² | 15.3 m · 4 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
894500G4H0L4SWXRPR84
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,748. 13,678 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-1996
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.