G. SMET
ActiveG. SMET has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.68M and a net result of €582k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-7
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420k at 30 days acceptable
Liquidity ample (current ratio 7.48 against 7.58 in 2024; short-term debt: 10.3% and cash: 47.6% of total assets), and 26.4% 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
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
73.6%
Return on assets
9.2%
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 04-08-2026, 4 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
4 d late
2024
1 d early
2023
6 d late
2022
7 d early
2021
19 d early
2020
12 d early
2019
18 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€4.68M▲ 8.5%
2024 · €4.31M
2018: €2.14M
2019: €2.45M
2020: €2.45M
2021: €2.20M
2022: €2.57M
2024: €4.31M
2018 → 2025
Total assets
€6.36M▲ 29.9%
2024 · €4.90M
2018: €2.51M
2019: €2.70M
2020: €2.70M
2021: €2.44M
2022: €2.83M
2024: €4.90M
2018 → 2025
Net result
€582k▼ 19.0%
2024 · €719k
2018: €233k
2019: €310k
2020: €417k
2021: €484k
2022: €414k
2024: €719k
2018 → 2025
Working capital
€4.26M▲ 16.0%
2024 · €3.68M
2018: €2.16M
2019: €2.31M
2020: €1.72M
2021: €2.08M
2022: €2.47M
2024: €3.68M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€2.45M-€2.20M▼ 9.9%€2.57M▲ 16.6%€4.31M▲ 67.9%€4.68M▲ 8.5%
Operating result€529k-€572k▲ 8.2%€638k▲ 11.5%€986k▲ 54.7%€828k▼ 16.0%
Net result€417k-€484k▲ 16.0%€414k▼ 14.5%€719k▲ 73.6%€582k▼ 19.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.36M
Fixed assets
€1.44M▲ 117%
Current assets
€4.92M▲ 16.2%
Equity and liabilities €6.36M
Equity
€4.68M▲ 8.5%
Provisions
€22k▼ 10.6%
Debt
€1.66M▲ 197%
The debt ratio rises from 11.4% to 26.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€918k▼
2024 · €1.07M
Cash flow
€671k▼
2024 · €803k
Solvency
73.6%▼
2024 · 88.1%
Current ratio
7.48▼
2024 · 7.58
Quick ratio
6.80▼
2024 · 7.04
Debt / equity
0.35▲
2024 · 0.13
ROE
12.4%▼
2024 · 16.7%
ROA
9.2%▼
2024 · 14.7%
Interest coverage
187.79▼
2024 · 351.57
Debt
€1.66M▲
2024 · €559k
Debt ≤ 1 year
€658k▲
2024 · €559k
Debt > 1 year
€1.00M
Income taxes
€288k▼
2024 · €319k
Staff costs
€533k▲
2024 · €522k
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€4.90M€6.36M▲
Fixed assets21/28€661k€1.44M▲
Intangible fixed assets21€5k€50k▲
Tangible fixed assets22/27€656k€1.39M▲
Land and buildings22€549k€1.23M▲
Plant, machinery and equipment23€28k€27k▼
Furniture and vehicles24€80k€127k▲
Financial fixed assets28€169€169=
Current assets29/58€4.24M€4.92M▲
Stocks and contracts in progress3€300k€451k▲
Stocks30/36€300k€451k▲
Amounts receivable within one year40/41€1.52M€1.44M▼
Trade receivables40€1.35M€865k▼
Other amounts receivable41€164k€574k▲
Cash at bank and in hand54/58€2.42M€3.03M▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€4.90M€6.36M▲
Equity10/15€4.31M€4.68M▲
Contributions10/11€464k€464k=
Reserves13€2.95M€3.17M▲
Non-distributable reserves130/1€56k€56k=
Other1319€56k€56k=
Tax-exempt reserves132€394k€218k▼
Distributable reserves133€2.50M€2.90M▲
Profit (loss) carried forward14€901k€1.04M▲
Provisions and deferred taxes16€25k€22k▼
Deferred taxes168€25k€22k▼
Amounts payable17/49€559k€1.66M▲
Amounts payable after more than one year17-€1.00M
Financial debts170/4-€1.00M
Amounts payable within one year42/48€559k€658k▲
Trade debts44€46k€211k▲
Suppliers440/4€46k€211k▲
Taxes, remuneration and social security45€203k€241k▲
Taxes450/3€167k€194k▲
Remuneration and social security454/9€36k€47k▲
Other amounts payable47/48€310k€206k▼
Income statement
Code20242025
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€522k€533k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€89k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k€13k▲
Other operating charges640/8€27k€20k▼
Non-recurring operating charges66A€3k-
Gross operating margin9900€1.63M€1.48M▼
Operating profit (loss)9901€986k€828k▼
Financial income75/76B€52k€44k▼
Recurring financial income75€52k€44k▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€1.04M€868k▼
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€319k€288k▼
Profit (loss) for the period9904€719k€582k▼
Transfer from tax-exempt reserves789€155k€176k▲
Profit (loss) for the period to be appropriated9905€874k€758k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.52M€1.66M▲
Profit (loss) brought forward from the previous period14P€642k€901k▲
Transfer from equity791/2€310k€200k▼
Transfer to equity691/2€600k€600k=
To other reserves6921€600k€600k=
Profit to be distributed694/7€326k€216k▼
Return on contributions (dividend)694€310k€200k▼
Employees696€16k€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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €719k ▲73.6%
Operating result €986k, net result €719k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 9.85
Current ratio from 3.03 to 9.85; short-term debt falls from €849k to €235k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
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
7 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1997
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.
Oude Zandstraat(BEV) 839120 Beveren-Kruibeke-ZwijndrechtGround area
1,514 m²
Parcel 46502D0513/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
GSmet
since 19972.080.346.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46502D0513/00R000 | Flanders | 1,514 m² | - | - |
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
2025 · 1 entry · 1,485 EUR awarded · 1,485 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,485 EUR | 1,485 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
PLAY AV
BE 0451.840.945
Nazareth-De Pinte · Eq €4.66M
A & M
BE 0435.271.563
Mechelen · Eq €4.73M
Nussbaumer et Cie
BE 0402.924.835
Halle · Eq €4.57M
Inelmatec
BE 0417.724.758
Halle · Eq €4.54M
MAUWS
BE 0427.065.561
Waregem · Eq €4.49M
Of 977 companies in sector 46431 we hold annual accounts for 705. 283 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-1996
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
46643Wholesale of electrical equipment, including installation materials
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.