Smaers Metalworks

Active

Private limited companyfounded 20214 yrs activeStappersdijk 68, 2490 Balen, BelgiumKBO/BCE: BE 0776.582.790

Summary

The computed 12-month bankruptcy probability of Smaers Metalworks is 2.9% (moderate). The 2024 annual accounts show negative equity (€-1k) and a net result of €3k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 2437 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

45 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability88▲+88

Solvency19▲+19

Growth78▲+20

Track record94

Bankruptcy probability, 12 months

2.9% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.96 against 0.47 in 2023; short-term debt: 85.8% and cash: 16.9% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+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

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-6.3%

Return on assets

15.2%

Age of the figures

21 mo

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2437 sector peers (2024).

NBB · sector comparison

Position among 2437 sector peers

Solvency

better than 9%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

42 d late

2023

14 d early

2022

28 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, micro schema

Equity

€-1k▲ 70.7%

2023 · €-5k

2022: €-2k 2023: €-5k

2022 → 2024

Total assets

€23k▲ 45.8%

2023 · €16k

2022: €22k 2023: €16k

2022 → 2024

Net result

€3k

2023 · €-3k

2022: €-5k 2023: €-3k

2022 → 2024

Working capital

€-763▲ 92.9%

2023 · €-11k

2022: €-10k 2023: €-11k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€-2k-€-5k▼ 107%€-1k▲ 70.7%

Operating result€-5k-€-2k▲ 50.6%€4k

Net result€-5k-€-3k▲ 48.0%€3k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €4k after a loss of €2k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €23k

17.6%

82.4%

Fixed assets €4k ▼ 32.4%

Current assets €19k ▲ 93.7%

Key figures and ratios

2024 value · change against 2023

EBITDA

€6k▲

2023 · €-488

Cash flow

€5k▲

2023 · €-617

Solvency

-6.3%▲

2023 · -31.5%

Current ratio

0.96▲

2023 · 0.47

Debt to equity

-16.80▼

2023 · -4.18

ROA

15.2%▲

2023 · -16.3%

Interest coverage

17.80▲

2023 · -3.79

Debt

€24k▲

2023 · €20k

Debt ≤ 1 year

€19k▼

2023 · €20k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines

Balance sheet Code20232024

Assets

Total assets20/58€16k€23k▲

Fixed assets21/28€6k€4k▼

Tangible fixed assets22/27€6k€4k▼

Plant, machinery and equipment23€5k€3k▼

Furniture and vehicles24€1k€734▼

Current assets29/58€10k€19k▲

Stocks and contracts in progress3€5k€0▼

Contracts in progress37€5k€0▼

Amounts receivable within one year40/41€4k€15k▲

Trade receivables40€4k€15k▲

Other amounts receivable41€168€0▼

Cash at bank and in hand54/58€364€4k▲

Deferred charges and accrued income490/1€492€0▼

Equity and liabilities

Total equity and liabilities10/49€16k€23k▲

Equity10/15€-5k€-1k▲

Contributions10/11€3k€3k=

Profit (loss) carried forward14€-7k€-4k▲

Amounts payable17/49€20k€24k▲

Amounts payable within one year42/48€20k€19k▼

Trade debts44€4k€3k▼

Suppliers440/4€4k€3k▼

Taxes, remuneration and social security45€1k€2k▲

Taxes450/3€1k€110▼

Remuneration and social security454/9-€2k

Other amounts payable47/48€15k€14k▼

Accrued charges and deferred income492/3-€5k

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=

Other operating charges640/8€884€2k▲

Gross operating margin9900€396€8k▲

Operating profit (loss)9901€-2k€4k▲

Financial income75/76B€0€30▲

Recurring financial income75€0€30▲

Financial charges65/66B€129€317▲

Recurring financial charges65€129€317▲

Profit (loss) for the period before taxes9903€-3k€3k▲

Profit (loss) for the period9904€-3k€3k▲

Profit (loss) for the period to be appropriated9905€-3k€3k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-7k€-4k▲

Profit (loss) brought forward from the previous period14P€-5k€-7k▼

The notes to these accounts (4 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 4Financial 1Filings 3

2025

11-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 42 days late

2024

31-12

Financial Back to profitnet €3k

Net result €3k after 2 loss-making years.

17-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Balen · 1 establishment unit since 2021

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.

Stappersdijk 682490 Balen

Ground area

472 m²

Building footprint

120 m²

Volume, LiDAR

1 m³

Parcel 13003A0464/00H000, Flanders · tallest building 0.5 m. Linked by address, not a title deed.

1 establishment unit

Smaers Metalworks

Stappersdijk 68, 2490 BalenManufacture of metal structures and parts of structures

since 20212.324.233.331

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13003A0464/00H000	Flanders	472 m²	1 · 120 m²	0.5 m

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

2022 · 1 entry · 175 EUR awarded · 175 EUR paid

Year	Entries	awarded	paid
2022	1	175 EUR	175 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 175 EUR · 175 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,464 companies in sector 25530 we hold annual accounts for 1,658. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-10-2021

Fiscal year end31-12

Activities, NACEBEL 2025

25530Machining of metals

43320Joinery installation

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.