IEF SMETS

Active

Private limited companyfounded 20197 yrs activeBrasel 137, 2480 Dessel, BelgiumKBO/BCE: BE 0727.602.047

IEF SMETS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €48k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

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Checked score

Score 2025

45 / 100

Fair▼ -46 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency19▼-73

Growth32▼-46

Stability100

Bankruptcy probability, 12 months

1.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.93 against 1.95 in 2024), and 85.3% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

14.7%

Return on assets

28.3%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 10242 sector peers (2025).

NBB · sector comparison

Position among 10242 sector peers

Solvency

better than 24%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

3 d early

2024

16 d early

2023

26 d early

2022

12 d early

2021

18 d early

2020

26 d early

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€25k▼ 74.6%

2024 · €97k

2020: €93k 2021: €137k 2022: €156k 2023: €210k 2024: €97k

2020 → 2025

Total assets

€168k▼ 16.4%

2024 · €201k

2020: €206k 2021: €249k 2022: €226k 2023: €253k 2024: €201k

2020 → 2025

Net result

€48k▼ 50.5%

2024 · €96k

2020: €92k 2021: €44k 2022: €20k 2023: €54k 2024: €96k

2020 → 2025

Working capital

€-8k

2024 · €59k

2020: €55k 2021: €82k 2022: €108k 2023: €175k 2024: €59k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€137k-€156k▲ 14.4%€210k▲ 34.6%€97k▼ 53.8%€25k▼ 74.6%

Operating result€55k-€27k▼ 51.8%€70k▲ 164%€129k▲ 84.2%€62k▼ 51.9%

Net result€44k-€20k▼ 55.0%€54k▲ 175%€96k▲ 77.7%€48k▼ 50.5%

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 52% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €168k

37.9%

62.1%

Fixed assets €64k▼ 21.3%

Current assets €105k▼ 13.0%

Equity and liabilities €168k

14.7%

85.3%

Equity €25k▼ 74.6%

Debt €144k▲ 37.9%

The debt ratio rises from 51.8% to 85.3%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€81k▼

2024 · €143k

Cash flow

€67k▼

2024 · €110k

Solvency

14.7%▼

2024 · 48.2%

Current ratio

0.93▼

2024 · 1.95

Quick ratio

0.84▼

2024 · 1.69

Debt / equity

5.81▲

2024 · 1.07

ROE

192.7%▲

2024 · 99.0%

ROA

28.3%▼

2024 · 47.7%

Interest coverage

34.58▼

2024 · 103.16

Debt

€144k▲

2024 · €104k

Debt ≤ 1 year

€113k▲

2024 · €62k

Debt > 1 year

€31k▼

2024 · €42k

Income taxes

€17k▼

2024 · €32k

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€201k€168k▼

Fixed assets21/28€81k€64k▼

Intangible fixed assets21€256-

Tangible fixed assets22/27€81k€64k▼

Land and buildings22€10k€9k▼

Plant, machinery and equipment23€8k€5k▼

Furniture and vehicles24€4k€2k▼

Leasing and similar rights25€53k€42k▼

Other tangible fixed assets26€7k€6k▼

Current assets29/58€120k€105k▼

Stocks and contracts in progress3€16k€10k▼

Stocks30/36€16k€10k▼

Amounts receivable within one year40/41€8k€20k▲

Trade receivables40€7k€8k▲

Other amounts receivable41€1k€12k▲

Current investments50/53€49k€49k=

Cash at bank and in hand54/58€46k€24k▼

Deferred charges and accrued income490/1€1k€1k▼

Equity and liabilities

Total equity and liabilities10/49€201k€168k▼

Equity10/15€97k€25k▼

Contributions10/11€1k€1k=

Profit (loss) carried forward14€96k€24k▼

Amounts payable17/49€104k€144k▲

Amounts payable after more than one year17€42k€31k▼

Financial debts170/4€42k€31k▼

Amounts payable within one year42/48€62k€113k▲

Current portion of amounts payable after more than one year42€11k€11k▲

Trade debts44€15k€10k▼

Suppliers440/4€15k€10k▼

Taxes, remuneration and social security45€8k€8k▼

Taxes450/3€8k€8k▼

Other amounts payable47/48€27k€84k▲

Accrued charges and deferred income492/3€750-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€19k▲

Other operating charges640/8€2k€3k▲

Gross operating margin9900€145k€84k▼

Operating profit (loss)9901€129k€62k▼

Financial income75/76B€41€4k▲

Recurring financial income75€41€4k▲

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€128k€64k▼

Income taxes67/77€32k€17k▼

Profit (loss) for the period9904€96k€48k▼

Profit (loss) for the period to be appropriated9905€96k€48k▼

Appropriation of the result

Profit (loss) to be appropriated9906€150k€144k▼

Profit (loss) brought forward from the previous period14P€54k€96k▲

Transfer from equity791/2€155k-

Profit to be distributed694/7€209k€120k▼

Return on contributions (dividend)694€209k€120k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 5Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

15-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2020net €96k ▲77.7%

Operating result €129k, net result €96k, both a record.

05-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Equity above €200kEq €210k ▲34.6%

4 profitable years in a row build equity to €210k.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €20k ▼55%

Net result drops to €20k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €150kEq €156k ▲14.4%

3 profitable years in a row build equity to €156k.

13-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Equity above €100kEq €137k ▲47%

2 profitable years in a row build equity to €137k.

05-07

NBB filing Annual accounts filed

fiscal year 2020 · 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, Dessel · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Brasel 1372480 Dessel

Ground area

2,140 m²

Building footprint

538 m²

Volume, LiDAR

3,376 m³

2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

IEF SMETS

Turnhoutsebaan 135, 2480 DesselReal estate development

since 20192.289.660.353

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13006A0126/00L000	Flanders	1,185 m²	1 · 130 m²	0.1 m
13006B1093/00S000	Flanders	955 m²	1 · 408 m²	12.0 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid

Year	Entries	awarded	paid
2022	1	2,000 EUR	2,000 EUR

Schemes

Hinderpremie bij openbare werken

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Tipu - Orient - Belgium

Sint-Pieters-Woluwe · Eq €26k

ALPEX ET DECOR

BE 0819.569.529

La Louvière · Eq €27k

EXTREME - TEAM APPLICATION

BE 0480.023.405

Charleroi · Eq €23k

Of 528 companies in sector 47530 we hold annual accounts for 320. 202 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-05-2019

Fiscal year end31-12

Trade name NL Smets-Rommes schilderwerken

Activities, NACEBEL

47530Retail trade

68121Development of residential building projects

43341Painting of buildings

47525Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.