SMEC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €644k and a net result of €287k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 7994 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7994 sector peers (2025).
NBB · sector comparisonPosition among 7994 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €644k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
40 d late
2023
31 d late
2022
31 d late
2021
29 d late
2020
26 d late
2019
91 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, micro schema
Equity
€644k▲ 737%
2024 · €77k
2018: €-819
2019: €21k
2020: €50k
2021: €65k
2022: €33k
2023: €46k
2024: €77k
2018 → 2025
Net result
€287k▲ 842%
2024 · €30k
2018: €15k
2019: €16k
2020: €30k
2021: €15k
2022: €-31k
2023: €13k
2024: €30k
2018 → 2025
Total assets
€5.29M▲ 75.2%
2024 · €3.02M
2018: €1.82M
2019: €1.16M
2020: €1.16M
2021: €1.11M
2022: €1.53M
2023: €1.49M
2024: €3.02M
2018 → 2025
Solvency
12.2%▲ 9.6pp
2024 · 2.5%
2018: 0.0%
2019: 1.8%
2020: 4.3%
2021: 5.8%
2022: 2.2%
2023: 3.1%
2024: 2.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€33k▼ 48.1%€46k▲ 38.8%€77k▲ 65.5%€644k▲ 737%
Operating result€39k-€-15k€30k€87k▲ 192%€429k▲ 394%
Net result€15k-€-31k€13k€30k▲ 134%€287k▲ 842%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 394% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.29M
Fixed assets
€5.20M▲ 79.4%
Current assets
€94k▼ 23.9%
Equity and liabilities €5.29M
Equity
€644k▲ 737%
Debt
€4.65M▲ 57.9%
The debt ratio falls from 97.5% to 87.8%. Equity and debt are higher.
Key figures and ratios
Solvency
12.2%▲
2024 · 2.5%
ROE
44.5%▲
2024 · 39.6%
ROA
5.4%▲
2024 · 1.0%
Debt
€4.65M▲
2024 · €2.95M
Debt ≤ 1 year
€534k▼
2024 · €691k
Debt > 1 year
€4.12M▲
2024 · €2.25M
Income taxes
€52k▲
2024 · €3k
Staff costs
€4k▲
2024 · €3k
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€3.02M€5.29M▲
Fixed assets21/28€2.90M€5.20M▲
Intangible fixed assets21€158k€389k▲
Tangible fixed assets22/27€2.72M€4.79M▲
Land and buildings22€2.65M€4.31M▲
Plant, machinery and equipment23€45k€458k▲
Furniture and vehicles24€30k€21k▼
Financial fixed assets28€19k€19k=
Current assets29/58€123k€94k▼
Amounts receivable within one year40/41€62k€1k▼
Trade receivables40€61k€0▼
Other amounts receivable41€164€1k▲
Cash at bank and in hand54/58€58k€87k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€3.02M€5.29M▲
Equity10/15€77k€644k▲
Contributions10/11€19k€319k▲
Reserves13€58k€325k▲
Distributable reserves133€58k€325k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.95M€4.65M▲
Amounts payable after more than one year17€2.25M€4.12M▲
Financial debts170/4€2.12M€3.98M▲
Other amounts payable178/9€138k€138k=
Amounts payable within one year42/48€691k€534k▼
Current portion of amounts payable after more than one year42€162k€262k▲
Trade debts44€103k€71k▼
Suppliers440/4€103k€71k▼
Advances received on contracts in progress46€10k€20k▲
Taxes, remuneration and social security45€3k€35k▲
Taxes450/3€3k€35k▲
Other amounts payable47/48€414k€146k▼
Income statement
Code20242025
Non-recurring operating income76A€41k€0▼
Remuneration, social security and pensions62€3k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€326k▲
Other operating charges640/8€9k€20k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€203k€782k▲
Operating profit (loss)9901€87k€429k▲
Financial income75/76B€10€234▲
Recurring financial income75€10€234▲
Financial charges65/66B€54k€91k▲
Recurring financial charges65€54k€91k▲
Profit (loss) for the period before taxes9903€33k€338k▲
Income taxes67/77€3k€52k▲
Profit (loss) for the period9904€30k€287k▲
Profit (loss) for the period to be appropriated9905€30k€287k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€345k▲
Profit (loss) brought forward from the previous period14P€-18k€58k▲
Transfer to equity691/2€12k€325k▲
To other reserves6921€12k€325k▲
Profit to be distributed694/7-€20k
Directors or managers695-€20k
The notes to these accounts (17 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €287k ▲842%
Operating result €429k, net result €287k, both a record.
31-12
Financial
Equity above €500kEq €644k ▲737%
3 profitable years in a row build equity to €644k.
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-31k ▼303%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.06
Current ratio from 0.50 to 1.06.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
12-07
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
6 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, Zonnebeke · 2 establishment units 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.
Vijfwegestraat 68980 ZonnebekeGround area
3.0 ha
Building footprint
1,244 m²
Volume, LiDAR
5,318 m³
3 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SMEC BV
since 20242.356.795.538
SMEC WOESTEN
since 20252.374.942.654
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33012A0607/00P000 | Flanders | 1.8 ha | 1 · 771 m² | 7.5 m · 1 fl. |
| 33033B0514/00A000 | Flanders | 1.0 ha | 1 · 316 m² | 9.9 m · 1 fl. |
| 33019D0150/00K000 | Flanders | 2,192 m² | 1 · 158 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 216,472 EUR awarded · 91,204 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 214,552 EUR | 88,384 EUR |
| 2024 | 1 | 1,920 EUR | 1,920 EUR |
| 2023 | 1 | 0 EUR | 900 EUR |
Schemes
Ontwikkelingsproject
Investeringssteun voor land- en tuinbouwers
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidie in het kader van land- en tuinbouwbeleid
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHeuvelland2.356.795.538
Vleteren2.374.942.654
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,754. 13,408 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
01110Growing of cereals (except rice), leguminous crops and oil seeds
01410Raising of dairy cattle
01471Crop and animal production, hunting and related service activities
01500Mixed farming
01620Support activities for animal production
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.