GDW Raf Smeets
ActiveGDW Raf Smeets has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €664k and a net result of €366k. Its solvency ranks better than 61% of 3282 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
Profitability100▲+4
Solvency82▲+25
Growth78
Track record82
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days only on tighter terms
Liquidity ample (current ratio 2.71 against 1.24 in 2024; short-term debt: 25.6% and cash: 42.7% of total assets), and 43.2% 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 · 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
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
56.8%
Return on assets
31.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
2 d early
2024
6 d early
← 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, abbreviated schema
Equity
€664k▲ 123%
2024 · €298k
2024: €298k
2024 → 2025
Total assets
€1.17M▲ 27.0%
2024 · €920k
2024: €920k
2024 → 2025
Net result
€366k▲ 85.3%
2024 · €198k
2024: €198k
2024 → 2025
Working capital
€511k▲ 397%
2024 · €103k
2024: €103k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€298k-€664k▲ 123%
Operating result€286k-€557k▲ 94.6%
Net result€198k-€366k▲ 85.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 95% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€359k▼ 8.5%
Current assets
€811k▲ 53.8%
Equity and liabilities €1.17M
Equity
€664k▲ 123%
Debt
€505k▼ 18.9%
The debt ratio falls from 67.7% to 43.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€607k▲
2024 · €341k
Cash flow
€417k▲
2024 · €252k
Solvency
56.8%▲
2024 · 32.3%
Current ratio
2.71▲
2024 · 1.24
Quick ratio
2.71▲
2024 · 1.24
Debt / equity
0.76▼
2024 · 2.09
ROE
55.2%▼
2024 · 66.4%
ROA
31.3%▲
2024 · 21.5%
Interest coverage
23.95▼
2024 · 255.94
Debt
€505k▼
2024 · €623k
Debt ≤ 1 year
€299k▼
2024 · €424k
Debt > 1 year
€187k▼
2024 · €199k
Income taxes
€165k▲
2024 · €87k
Staff costs
€103k▼
2024 · €169k
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€920k€1.17M▲
Formation expenses20€1k€0▼
Fixed assets21/28€392k€359k▼
Intangible fixed assets21€177k€149k▼
Tangible fixed assets22/27€215k€210k▼
Land and buildings22€209k€207k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€5k€937▼
Current assets29/58€527k€811k▲
Amounts receivable within one year40/41€267k€311k▲
Trade receivables40€267k€309k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€257k€499k▲
Deferred charges and accrued income490/1€3k€739▼
Equity and liabilities
Total equity and liabilities10/49€920k€1.17M▲
Equity10/15€298k€664k▲
Contributions10/11€100k€100k=
Reserves13€198k€564k▲
Distributable reserves133€198k€564k▲
Amounts payable17/49€623k€505k▼
Amounts payable after more than one year17€199k€187k▼
Financial debts170/4€199k€187k▼
Amounts payable within one year42/48€424k€299k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€15k€22k▲
Suppliers440/4€15k€22k▲
Taxes, remuneration and social security45€91k€157k▲
Taxes450/3€81k€145k▲
Remuneration and social security454/9€10k€12k▲
Other amounts payable47/48€306k€109k▼
Accrued charges and deferred income492/3-€19k
Income statement
Code20242025
Remuneration, social security and pensions62€169k€103k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€50k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€511k€713k▲
Operating profit (loss)9901€286k€557k▲
Financial income75/76B-€348
Recurring financial income75-€348
Financial charges65/66B€1k€25k▲
Recurring financial charges65€1k€25k▲
Profit (loss) for the period before taxes9903€285k€532k▲
Income taxes67/77€87k€165k▲
Profit (loss) for the period9904€198k€366k▲
Profit (loss) for the period to be appropriated9905€198k€366k▲
Appropriation of the result
Profit (loss) to be appropriated9906€198k€366k▲
Transfer to equity691/2€198k€366k▲
To other reserves6921€198k€366k▲
Social balance
Average headcount (FTE)90872.02.4▲
The notes to these accounts (20 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.71
Current ratio from 1.24 to 2.71; short-term debt falls from €424k to €299k.
31-12
Financial
Equity above €500kEq €664k ▲123%
2 profitable years in a row build equity to €664k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Houthalen-Helchteren · 1 establishment unit since 2024
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.
Grote Baan 143/13530 Houthalen-HelchterenGround area
1,089 m²
Building footprint
202 m²
Volume, LiDAR
1,406 m³
Parcel 72015B0399/00R000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GDW Raf Smeets
since 20242.357.205.116
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015B0399/00R000 | Flanders | 1,089 m² | 1 · 202 m² | 10.9 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.
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Of 1,020 companies in sector 69103 we hold annual accounts for 611. 409 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-2024
Fiscal year end31-12
Activities, NACEBEL
69103Activities of bailiffs
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.