S.M.E.C.
ActiveSummary
S.M.E.C. has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,249 and a net result of €5,466. Equity has been growing by about 8.4% per year since 2018. Its solvency ranks better than 18% of 9,898 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-12-1991 Normal situation
- Activity
- Other specialised construction activities NACE 43990
- Joint committee
- 149.04 Paritair Subcomité voor de metaalhandel · annual accounts 2025
- Establishment unit
- 2.055.667.451 2222 Heist-op-den-Berg, since 08-01-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 30-07-2025
Board and ownership
Board
- VH ConsultDirector · since 06-06-2025 · permanent representative VAN HERREWEGHE Julie Annie Amelie
Shareholders
- VH Consult100%· score 682025 annual accounts of VH Consult
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
Annual accounts 2025
- Gross margin
- €243,127
- ▼ 32.4%
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €5,466
- ▼ 96.8%
- Equity
- €102,249
- ▼ 86.3%
- Total assets
- €611,926
- ▼ 34.0%
- Employees on 31-12-2025
- 7
Score breakdownraises risk1 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €611,926Figures for financial year 2025 (filed on 27-07-2026)Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 17% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency
42-58
equity 16.7% of total assets
Liquidity
15-80
short-term debt 73.8% · cash 3.8%
Profitability
70-22
return on assets 0.9%
Bankruptcy probability within 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 0.9%● unchanged vs 08-2026highest value
10-2026: 0.9%● unchanged vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (5.49 in 2024), below the usual 1.5. Short-term debt is 73.8% and cash 3.8% of total assets. 83.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 19% of them on solvency, 8% on liquidity, 37% on profitability and 5% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9898 sector peers (2025).
NBB · sector comparisonPosition among 9898 sector peers
Solvency
better than 18%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
45 days early
2023
29 days late
2022
25 days late
2021
26 days late
2020
23 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 34 filings
Turnover
≈ €1.1m
Estimated: probably between €700,000 and €1.8m
Total assets
€611,926▼ 34.0%
2024 · €926,974
Net result
€5,466▼ 96.8%
2024 · €168,969
Working capital
€68,859▼ 90.6%
2024 · €734,888
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€11,084
▼ 95.2%
2025
20182025
Net result
€5,466
▼ 96.8%
2025
middle half of the sector
20182025
Equity
€102,249
▼ 86.3%
2025
middle half of the sector
20182025
Total assets
€611,926
▼ 34.0%
2025
middle half of the sector
20182025
Debt
€509,677
▲ 183%
2025
20182025
Working capital
€68,859
▼ 90.6%
2025
middle half of the sector
20182025
Solvency
16.7%
▼ 63.9pp
2025
lowest quarter of the sector
20182025
Current ratio
1.15
▼ 4.34
2025
middle half of the sector
20182025
Return on assets (ROA)
0.9%
▼ 17.3pp
2025
middle half of the sector
20182025
Staff (FTE)
5.4
▲ 35.0%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€87,402-€23,157▼ 73.5%€28,419▲ 22.7%€43,558▲ 53.3%€163,085▲ 274%€72,522▼ 55.5%€231,700▲ 219%€11,084▼ 95.2%
Net result€59,885-€8,751▼ 85.4%€8,874within the sector's middle half▲ 1.4%€29,561within the sector's middle half▲ 233%€97,544within the sector's middle half▲ 230%€48,659within the sector's middle half▼ 50.1%€168,969above the sector's middle half▲ 247%€5,466within the sector's middle half▼ 96.8%
Equity€384,426-€393,176▲ 2.3%€402,050within the sector's middle half▲ 2.3%€431,611within the sector's middle half▲ 7.4%€529,155within the sector's middle half▲ 22.6%€577,814within the sector's middle half▲ 9.2%€746,783within the sector's middle half▲ 29.2%€102,249within the sector's middle half▼ 86.3%
Total assets€970,739-€838,268▼ 13.6%€819,626within the sector's middle half▼ 2.2%€726,952within the sector's middle half▼ 11.3%€766,266within the sector's middle half▲ 5.4%€810,477within the sector's middle half▲ 5.8%€926,974within the sector's middle half▲ 14.4%€611,926within the sector's middle half▼ 34.0%
Debt€521,813-€389,592▼ 25.3%€374,076▼ 4.0%€263,841▼ 29.5%€217,611▼ 17.5%€225,163▲ 3.5%€180,191▼ 20.0%€509,677▲ 183%
Working capital€453,191-€444,625▼ 1.9%€390,621within the sector's middle half▼ 12.1%€424,533within the sector's middle half▲ 8.7%€480,864within the sector's middle half▲ 13.3%€541,317above the sector's middle half▲ 12.6%€734,888above the sector's middle half▲ 35.8%€68,859within the sector's middle half▼ 90.6%
Solvency39.6%-46.9%▲ 7.3pp49.1%within the sector's middle half▲ 2.1pp59.4%within the sector's middle half▲ 10.3pp69.1%above the sector's middle half▲ 9.7pp71.3%above the sector's middle half▲ 2.2pp80.6%above the sector's middle half▲ 9.3pp16.7%below the sector's middle half▼ 63.9pp
Current ratio3.45-4.11▲ 0.663.02above the sector's middle half▼ 1.084.43above the sector's middle half▲ 1.403.46above the sector's middle half▼ 0.973.47above the sector's middle half▲ 0.015.49above the sector's middle half▲ 2.011.15within the sector's middle half▼ 4.34
Return on assets (ROA)6.2%-1.0%▼ 5.1pp1.1%below the sector's middle half=4.1%within the sector's middle half▲ 3.0pp12.7%above the sector's middle half▲ 8.7pp6.0%within the sector's middle half▼ 6.7pp18.2%above the sector's middle half▲ 12.2pp0.9%within the sector's middle half▼ 17.3pp
Staff (FTE)9-7▼ 22.2%6within the sector's middle half▼ 14.3%6within the sector's middle half=6within the sector's middle half=4within the sector's middle half▼ 33.3%4within the sector's middle half=5.4within the sector's middle half▲ 35.0%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 95% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €611,926
Fixed assets
€91,284 ▲ 222%
Current assets
€520,641 ▼ 42.1%
Equity and liabilities €611,926
Equity
€102,249 ▼ 86.3%
Debt
€509,677 ▲ 183%
Debt's share of the balance-sheet total rises from 19.4% to 83.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€34,016▼
2024 · €258,023
Cash flow
€28,398▼
2024 · €195,292
Quick ratio
1.02▼
2024 · 5.43
Debt to equity
4.98▲
2024 · 0.24
ROE
5.3%▼
2024 · 22.6%
Interest coverage
9.97▼
2024 · over 100
Debt ≤ 1 year
€451,783▲
2024 · €163,740
Debt > 1 year
€57,894
Income taxes
€2,220▼
2024 · €62,065
Staff costs
€192,014▲
2024 · €96,262
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 7 |
| full-time | 7 |
| part-time | 0 |
| in full-time equivalents | 7 |
| Average over the year, in full-time equivalents | 5.4 |
| On a permanent contract | 6 |
| Joined | 3 |
| Left | 0 |
| Training hours | 15 |
Source: social balance sheet in the 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €77,202 |
| Pledge on the business | - | - | - | - | €88,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €71,213 | €4,664 | €7,831 | €4,250 | €83,780 |
| Financial fixed assets | - | - | - | - | €2,090 |
| Depreciation and write-downs of the year | €128,692 | €93,186 | €47,502 | €26,323 | €22,933 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €744 awarded · €744 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €105 | €105 |
| 2022 | 1 | €639 | €639 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €154,628 | €175,350 | €112,527 | €96,262 | €192,014 | ▲ 99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €247,398 | €262,793 | €208,119 | €128,692 | €93,186 | €47,502 | €26,323 | €22,933 | ▼ 12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,640 | €1,640 | €1,640 | €1,640 | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€12,000 | -€12,000 | -€12,000 | -€7,500 | €0 | - |
| Other operating charges640/8 | - | - | - | €13,965 | €16,541 | €19,418 | €10,987 | €17,097 | ▲ 55.6% |
| Gross operating margin9900 | €684,720 | €556,131 | €389,447 | €330,483 | €437,802 | €241,609 | €359,412 | €243,127 | ▼ 32.4% |
| Operating profit (loss)9901 | €87,402 | €23,157 | €28,419 | €43,558 | €163,085 | €72,522 | €231,700 | €11,084 | ▼ 95.2% |
| Financial income75/76B | - | - | - | €2,281 | €1,645 | €783 | €240 | €12 | ▼ 95.1% |
| Recurring financial income75 | €296 | €14,494 | €1,642 | €2,281 | €1,645 | €783 | €240 | €12 | ▼ 95.1% |
| Financial charges65/66B | - | - | - | €5,773 | €3,032 | €119 | €906 | €3,410 | ▲ 276% |
| Recurring financial charges65 | €14,411 | €5,471 | €4,368 | €5,773 | €3,032 | €119 | €906 | €3,410 | ▲ 276% |
| Profit (loss) for the period before taxes9903 | €73,287 | €32,180 | €25,693 | €40,066 | €161,698 | €73,186 | €231,034 | €7,685 | ▼ 96.7% |
| Income taxes67/77 | €13,402 | €23,429 | €16,819 | €10,505 | €64,154 | €24,527 | €62,065 | €2,220 | ▼ 96.4% |
| Profit (loss) for the period9904 | €59,885 | €8,751 | €8,874 | €29,561 | €97,544 | €48,659 | €168,969 | €5,466 | ▼ 96.8% |
| Profit (loss) for the period to be appropriated9905 | €59,885 | €8,751 | €8,874 | €29,561 | €97,544 | €48,659 | €168,969 | €5,466 | ▼ 96.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €970,739 | €838,268 | €819,626 | €726,952 | €766,266 | €810,477 | €926,974 | €611,926 | ▼ 34.0% |
| Fixed assets21/28 | €332,353 | €250,654 | €236,091 | €178,612 | €90,090 | €50,419 | €28,346 | €91,284 | ▲ 222% |
| Tangible fixed assets22/27 | €323,801 | €242,102 | €227,539 | €170,060 | €81,538 | €41,867 | €19,794 | €80,642 | ▲ 307% |
| Plant, machinery and equipment23 | - | - | - | €90,526 | €24,451 | €2,650 | €4,025 | €27,255 | ▲ 577% |
| Furniture and vehicles24 | - | - | - | €64,257 | €39,639 | €24,418 | €3,619 | €24,276 | ▲ 571% |
| Other tangible fixed assets26 | - | - | - | €15,277 | €17,448 | €14,799 | €12,150 | €29,111 | ▲ 140% |
| Financial fixed assets28 | €8,552 | €8,552 | €8,552 | €8,552 | €8,552 | €8,552 | €8,552 | €10,642 | ▲ 24.4% |
| Current assets29/58 | €638,386 | €587,614 | €583,535 | €548,340 | €676,176 | €760,058 | €898,628 | €520,641 | ▼ 42.1% |
| Stocks and contracts in progress3 | €28,080 | €57,899 | €7,752 | €34,584 | €32,091 | €9,589 | €9,530 | €58,349 | ▲ 512% |
| Contracts in progress37 | - | - | - | €34,584 | €32,091 | €9,589 | €9,530 | €58,349 | ▲ 512% |
| Amounts receivable within one year40/41 | €435,318 | €276,649 | €539,232 | €192,919 | €249,388 | €265,003 | €233,217 | €430,904 | ▲ 84.8% |
| Trade receivables40 | - | - | - | €162,804 | €188,542 | €203,957 | €197,235 | €384,475 | ▲ 94.9% |
| Other amounts receivable41 | - | - | - | €30,115 | €60,846 | €61,046 | €35,982 | €46,428 | ▲ 29.0% |
| Cash at bank and in hand54/58 | €174,988 | €253,066 | €19,180 | €320,837 | €394,697 | €485,466 | €655,881 | €23,465 | ▼ 96.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €7,924 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €970,739 | €838,268 | €819,626 | €726,952 | €766,266 | €810,477 | €926,974 | €611,926 | ▼ 34.0% |
| Equity10/15 | €384,426 | €393,176 | €402,050 | €431,611 | €529,155 | €577,814 | €746,783 | €102,249 | ▼ 86.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €75,359 | €75,359 | €75,359 | €75,359 | €75,359 | €75,359 | €75,359 | €75,359 | = |
| Non-distributable reserves130/1 | - | - | - | €69,109 | €69,109 | €69,109 | €69,109 | €0 | ▼ 100% |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,859 | €1,859 | €0 | ▼ 100% |
| Other1319 | - | - | - | €67,250 | €67,250 | €67,250 | €67,250 | - | - |
| Tax-exempt reserves132 | - | - | - | €6,250 | €6,250 | €6,250 | €6,250 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | - | - | - | €75,359 | - |
| Profit (loss) carried forward14 | €290,475 | €299,225 | €308,099 | €337,660 | €435,204 | €483,863 | €652,832 | €8,298 | ▼ 98.7% |
| Provisions and deferred taxes16 | €64,500 | €55,500 | €43,500 | €31,500 | €19,500 | €7,500 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €31,500 | €19,500 | €7,500 | €0 | - | - |
| Environmental obligations163 | - | - | - | €31,500 | €19,500 | €7,500 | €0 | - | - |
| Amounts payable17/49 | €521,813 | €389,592 | €374,076 | €263,841 | €217,611 | €225,163 | €180,191 | €509,677 | ▲ 183% |
| Amounts payable after more than one year17 | €275,000 | €225,000 | €175,000 | €125,000 | €0 | - | - | €57,894 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €57,894 | - |
| Other amounts payable178/9 | - | - | - | €125,000 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €185,195 | €142,989 | €192,914 | €123,807 | €195,312 | €218,741 | €163,740 | €451,783 | ▲ 176% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €19,308 | - |
| Trade debts44 | €185,195 | €136,293 | €185,507 | €119,155 | €190,328 | €213,511 | €140,715 | €337,185 | ▲ 140% |
| Suppliers440/4 | - | - | - | €119,155 | €190,328 | €213,511 | €140,715 | €337,185 | ▲ 140% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €42,185 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,652 | €4,984 | €5,230 | €17,343 | €53,105 | ▲ 206% |
| Taxes450/3 | - | - | - | - | - | - | €12,500 | €15,053 | ▲ 20.4% |
| Remuneration and social security454/9 | - | - | - | €4,652 | €4,984 | €5,230 | €4,843 | €38,052 | ▲ 686% |
| Other amounts payable47/48 | - | - | - | - | - | - | €5,682 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €15,034 | €22,299 | €6,422 | €16,451 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,885 | €8,751 | €8,874 | €29,561 | €97,544 | €48,659 | €168,969 | €5,466 | ▼ 96.8% |
| + Depreciation and write-downs630 | €247,398 | €262,793 | €208,119 | €128,692 | €93,186 | €47,502 | €26,323 | €22,933 | ▼ 12.9% |
| Operating cash flow (approximation) | €307,283 | €271,544 | €216,993 | €158,253 | €190,730 | €96,161 | €195,292 | €28,398 | ▼ 85.5% |
| Investment in fixed assets (approximation) | - | -€181,094 | -€193,556 | -€71,213 | -€4,664 | -€7,831 | -€4,250 | -€85,871 | ▼ 1,920% |
| Change in cash | - | €78,078 | -€233,886 | €301,657 | €73,860 | €90,769 | €170,415 | -€632,416 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,984 companies had the same profile as S.M.E.C. has now. Two years later, 96.5% were still going and 1.1% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.5%
was still going
2.3%
stopped otherwise
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of S.M.E.C. itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for S.M.E.C.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-07-2026 | 2026-00332508 | |
| 31-12-2024 | abbreviated format | 16-06-2025 | 2025-00140235 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00390900 | |
| 31-12-2022 | abbreviated format | 25-08-2023 | 2023-00359753 | |
| 31-12-2021 | abbreviated format | 26-08-2022 | 2022-20321692 | |
| 31-12-2020 | abbreviated format | 23-08-2021 | 2021-51100258 | |
| 31-12-2019 | abbreviated format | 25-08-2020 | 2020-43800306 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-55200101 | |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-50500490 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-50400311 |
Board & ownership
Directors
Directors
1 director, last change in 2025
Board 1
VH Consult
Current
Director (not named in the articles) · since 06-06-2025 · term without a fixed end · Private limited company · permanent representative: VAN HERREWEGHE Julie Annie Amelie · listed in the 2025 annual accounts, filed on 27-07-2026
Permanent representatives 1
VAN HERREWEGHE Julie Annie Amelie
Current
Permanent representative · appointed in the act of 16-06-2025 · for VH Consult
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 16-06-2025Owners and capital
Shareholders
1 ownerChain of control
- VH Consult
- S.M.E.C.
Owners 1
- VH ConsultparentSourceaccounts VH Consult 2025Equity €134,843 Profit of €2,645 in 2025 (profit of €72,499 in 2024) Checked score 68100%
Capital transactions
Capital over time
- 16-06-2025 Converted to unavailable equity · €20,451.21
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VH Consult |
|
| SEYKENS, Carl Jozef Willy |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…”“Deze wordt geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten., De algemene vergadering beslist…”“Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden., De gedelegeerden voor het dagelijks bestuur kunnen in het kader van…”“Het bestuursorgaan stelt de eventuele toekenningen en verloning vast voor de gedelegeerden tot het dagelijks bestuur. Het kan hen op elk…”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Aandelen op naam, De aandeelhouders mogen kennis nemen van dit register betreffende hun effecten.”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Daartoe, moet hij een verzoek tot het bestuursorgaan richten, bij gewone brief of per e-mail op het e-mailadres van de vennootschap, met…”“In afwijking van het voorgaande, indien de vennootschap maar één aandeelhouder meer telt, dan kan deze het geheel of een deel van de…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Aandelen moeten bij hun uitgifte worden volgestort., In geval van een enige aandeelhouder-bestuurder, bepaalt deze laatste vrij, naargelang…”
Articles of association, deed of 16-06-2025 (in Dutch)
Network & group
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Verviers 2.0
Shared corporate director
→
Verviers Construct
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
27-07
abbreviated format · 4 days before the deadline
2025
31-12
Financial
Weakest financial yearnet €5,466 ▼96.8%
The net result drops to €5,466, the lowest from 2018 to 2025.
16-06
Gazette deed
Registered office moved within Heist-op-den-BergNew seat: 2222 Heist-op-den-Berg (Itegem), Hallaarstraat 35 · Previous seat: 2222 Heist-op-den-Berg (Itegem), Nieuwendijk 24 · Resignation: SEYKENS, Carl Jozef Willy (statutory manager)15 points ▸
Gazette deed
Registered office moved within Heist-op-den-Berg
New seat: 2222 Heist-op-den-Berg (Itegem), Hallaarstraat 35 · Previous seat: 2222 Heist-op-den-Berg (Itegem), Nieuwendijk 24 · Resignation: SEYKENS, Carl Jozef Willy (statutory manager)15 points ▸
- General meeting, 06-06-2025, mentioned 2 times in the deed
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered-office move, 2222 Heist-op-den-Berg (Itegem), Hallaarstraat 35
- Amendment of the articles, mentioned 2 times in the deed
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Board meeting, 06-06-2025
- Director resignation, SEYKENS, Carl Jozef Willy (statutory manager)
- Board rule, 1
- Director appointment, VH Consult (director (not named in the articles))
- The act holds 3 more points.
16-06
abbreviated format · 45 days before the deadline
2024
31-12
Financial
Highest result from 2018 to 2025net €168,969 ▲247%
The operating result of €231,700 and the net result of €168,969 are both a record.
29-08
abbreviated format · 29 days late
2023
25-08
abbreviated format · 25 days late
2022
31-12
Financial
Equity above €500,000equity €529,155 ▲22.6%
With a profit in every financial year since 2018, equity grows to €529,155.
26-08
abbreviated format · 26 days late
2021
23-08
abbreviated format · 23 days late
2020
25-08
abbreviated format · 25 days late
2019
30-08
abbreviated format · 30 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
S.M.E.C. in Dutch
Enterprise number
0446.064.002
Legal form
Private limited company
Status
Active, normale toestand
Founded
20-12-1991
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-06-2025 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, eenvoudige beslissing van het bestuursorgaan”
deed of 16-06-2025 (in Dutch)Registered office and establishments
Registered office
Hallaarstraat(ITE) 35, 2222 Heist-op-den-Berg, Belgium
Establishment unit
SMEC, Hallaarstraat(ITE) 35, 2222 Heist-op-den-Berg since 08-01-1992 · unit number 2.055.667.451
Website
INFO@SMEC.BE
E-mail
INFO@SMEC.BE
Phone
+3215250110
Activities
NACEBEL 2025VAT activities
43990
Other specialised construction activities main activity
Social security (RSZ) activities
43990
Other specialised construction activities main activity
Codes under NACEBEL 2008
VAT activities
43999
Specialised construction activities main activity
Social security (RSZ) activities
43999
Specialised construction activities main activity
Codes under NACEBEL 2003
45500
main activity
Joint committee
149.04 Paritair Subcomité voor de metaalhandel annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 16-06-2025 (in Dutch)
“Het uitvoeren van werken van burgerlijke bouwkunde, grondwerken, afbraakwerken, rioleringswerken, werken ten behoeve van nutsleidingen…”
10 activities
- Het uitvoeren van werken van burgerlijke bouwkunde, grondwerken, afbraakwerken, rioleringswerken, werken ten behoeve van nutsleidingen, wegenbouwkundige werken, waterbouwkundige werken, waterzuiveringen en andere werken in de meest uitgebreide zin, waaronder zonder limitatief opgesomd te zijn, onder meer: bouw van bezinkbekkens en andere constructies ten behoeve van de waterzuivering, het ruimen van waterlopen, asbestverwijdering, hijs-en hefwerkzaamheden voor derden, omheining van metselwerk, constructies, metalen constructies, fundering, het leggen van opritten en parkings, het bouwrijp maken van terreinen.
- De handel, aan- en verkopen, huren en verhuren, in- en uitvoeren, handelsbemiddeling, groothandel, exploitatie, herstellen en conditioneren van machines, de landbouwmachines, containers, vrachtwagens, trekkers en ander rollend materieel, onderdelen en toebehoren en andere ten behoeve van de bouwnijverheid, aannemingswerken, recuperatie van afvalstoffen, afbraakwerken, havenactiviteiten, mijnbouw, weg- en waterbouw, industrie, alles in de meest uitgebreide zin.
- Het inrichten en uitbaten van een werkplaats voor onderhoud, herstelling en depannage van alle wagens, machines en werktuigen, zowel voor eigen rekening als voor rekening van derden.
- Het ontmantelen, afbreken, vernietigen, verwijderen, vervoeren, herwinnen en verhandelen van industriële en andere roerende en/of onroerende zaken, met alle hierbij noodzakelijke werkzaamheden.
- Exploitatie van materieel voor burgerlijke bouwkunde: aan- en verkoop, import, export, huren en verhuren, herstellen, beheren.
- Alle activiteiten die rechtstreeks of onrechtstreeks verband kunnen hebben met hoger vermeld maatschappelijk voorwerp. Alle verrichtingen op gebied van handel, rechtstreeks of via bemiddeling.
- Dit alles zowel in binnen- als buitenland, rechtstreeks of onrechtstreeks en in de meest ruime zin genomen.
- De vennootschap kan ter verwezenlijking van haar voorwerp, of aanvullend hieraan, alle onroerende of industriële handelingen doen. Zij kan participeren in andere bedrijven met gelijkaardig, aanverwant of complementair voorwerp.
- Het verwerven, uitbaten afstaan en verhandelen van alle brevetten, licenties, octrooien en know-how, in relatie met het hiervoor opgenomene en dit in de meest uitgebreide zin. De vennootschap kan deelnemen aan de bedrijvigheid van andere vennootschappen, zelfs in het buitenland.
- De vennootschap kan daarenboven alle commerciële, industriële, roerende, onroerende en financiële operaties verwezenlijken die rechtstreeks of onrechtstreeks met haar voorwerp verband houden. Zij mag zich door inbreng, onderschrijving of elke andere wijze interesseren in elke andere vennootschap of onderneming, wiens voorwerp geheel of gedeeltelijk gelijkaardig of verwant is of die de verwezenlijking van het voorwerp van de vennootschap rechtstreeks of onrechtstreeks zou kunnen bevorderen.
Invoicing and payment
VAT number
BE 0446.064.002
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0446.064.002
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Wednesday of June at 19:00
deed of 16-06-2025 (in Dutch)Recognitions · licences · registrations
Recognised contractor
8 categoriesS.M.E.C. BVapproval number 32868
- C General road works contractsclass 3, up to €600,000
- C1 Ordinary sewer worksclass 3, up to €600,000
- C6 Laying power and telecom cables in trenchesclass 3, up to €600,000
- E General civil engineering contractsclass 3, up to €600,000
- E1 Trunk sewersclass 3, up to €600,000
- G General earthworks contractsclass 3, up to €600,000
- G5 Demolitionclass 3, up to €600,000
- V Water treatment installationsclass 1, up to €162,000
Sites & property
Location
Buildings and parcels at the address
Ground area
209 m²
Building footprint
136 m²
Building volume
797 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12017B0457/00E002 | Flanders | 209 m² | 1 · 136 m² | 7.4 m · 2 |