SMEETS
ActiveSummary
SMEETS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €942k and a net result of €-43k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+6
Solvency53=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.72 in 2023; short-term debt: 9.7% and cash: 8.1% of total assets), and 71.8% of the assets are financed with debt.
Credit check 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
28.2%
Return on assets
-1.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-43k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-04-2025, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
93 d early
2023
93 d early
2022
98 d early
2021
136 d early
2020
43 d early
2019
87 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€942k▼ 3.3%
2023 · €974k
2018: €1.24Mhighest in 7 years
2019: €1.07M▼ -13.3% vs 2018
2020: €1.06M▼ -1.5% vs 2019
2021: €1.01M▼ -4.1% vs 2020
2022: €1.04M▲ +2.1% vs 2021
2023: €974k▼ -6.0% vs 2022
2024: €942k▼ -3.3% vs 2023lowest in 7 years
2018 → 2024
Total assets
€3.34M▼ 5.3%
2023 · €3.53M
2018: €3.55M
2019: €3.41M▼ -3.8% vs 2018
2020: €3.33M▼ -2.5% vs 2019lowest in 7 years
2021: €3.39M▲ +1.7% vs 2020
2022: €3.81M▲ +12.6% vs 2021highest in 7 years
2023: €3.53M▼ -7.5% vs 2022
2024: €3.34M▼ -5.3% vs 2023
2018 → 2024
Net result
€-43k▲ 40.9%
2023 · €-72k
2018: €-195klowest in 7 years
2019: €-94k▲ +51.8% vs 2018
2020: €-50k▲ +47.0% vs 2019
2021: €-54k▼ -8.7% vs 2020
2022: €11k▲ +120% vs 2021highest in 7 years
2023: €-72k▼ -764% vs 2022
2024: €-43k▲ +40.9% vs 2023
2018 → 2024
Working capital
€-49k▲ 63.3%
2023 · €-134k
2018: €-1.82Mlowest in 7 years
2019: €-938k▲ +48.3% vs 2018
2020: €-792k▲ +15.6% vs 2019
2021: €-1.01M▼ -27.4% vs 2020
2022: €-183k▲ +81.9% vs 2021
2023: €-134k▲ +26.6% vs 2022
2024: €-49k▲ +63.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.06M-€1.01M▼ 4.1%€1.04M▲ 2.1%€974k▼ 6.0%€942k▼ 3.3%
2020: €1.06Mhighest in 5 years
2021: €1.01M▼ -4.1% vs 2020
2022: €1.04M▲ +2.1% vs 2021
2023: €974k▼ -6.0% vs 2022
2024: €942k▼ -3.3% vs 2023lowest in 5 years
Operating result€-22k-€-25k▼ 15.3%€45k€-36k€-8k▲ 77.8%
2020: €-22k
2021: €-25k▼ -15.3% vs 2020
2022: €45k▲ +282% vs 2021highest in 5 years
2023: €-36k▼ -179% vs 2022lowest in 5 years
2024: €-8k▲ +77.8% vs 2023
Net result€-50k-€-54k▼ 8.7%€11k€-72k€-43k▲ 40.9%
2020: €-50k
2021: €-54k▼ -8.7% vs 2020
2022: €11k▲ +120% vs 2021highest in 5 years
2023: €-72k▼ -764% vs 2022lowest in 5 years
2024: €-43k▲ +40.9% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €36k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.34M
Fixed assets
€3.07M ▼ 3.4%
Current assets
€275k ▼ 22.3%
Equity and liabilities €3.34M
Equity
€942k ▼ 3.3%
Provisions
€204k ▼ 6.4%
Debt
€2.20M ▼ 6.0%
Debt's share of the balance-sheet total falls from 66.2% to 65.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€99k▲
2023 · €78k
Cash flow
€64k▲
2023 · €41k
Current ratio
0.85▲
2023 · 0.72
Debt to equity
2.33▼
2023 · 2.40
ROE
-4.6%▲
2023 · -7.4%
ROA
-1.3%▲
2023 · -2.1%
Interest coverage
2.50▲
2023 · 1.92
Debt ≤ 1 year
€325k▼
2023 · €488k
Debt > 1 year
€1.87M▲
2023 · €1.84M
Income taxes
€940▼
2023 · €7k
Staff costs
€54k▲
2023 · €54k
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 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.53M€3.34M▼
Fixed assets21/28€3.17M€3.07M▼
Tangible fixed assets22/27€1.72M€1.62M▼
Land and buildings22€1.70M€1.60M▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€0-
Leasing and similar rights25€18k€9k▼
Financial fixed assets28€1.45M€1.45M=
Current assets29/58€354k€275k▼
Amounts receivable within one year40/41€4k€4k▼
Trade receivables40€4k€2k▼
Other amounts receivable41€245€2k▲
Current investments50/53€300k€0▼
Cash at bank and in hand54/58€40k€269k▲
Deferred charges and accrued income490/1€9k€2k▼
Equity and liabilities
Total equity and liabilities10/49€3.53M€3.34M▼
Equity10/15€974k€942k▼
Contributions10/11€2.35M€2.35M=
Capital10€2.35M€2.35M=
Issued capital100€2.35M€2.35M=
Revaluation surpluses12€487k€454k▼
Reserves13€970k€1.00M▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€168k€159k▼
Distributable reserves133€793k€837k▲
Profit (loss) carried forward14€-2.84M€-2.87M▼
Provisions and deferred taxes16€218k€204k▼
Deferred taxes168€218k€204k▼
Amounts payable17/49€2.34M€2.20M▼
Amounts payable after more than one year17€1.84M€1.87M▲
Financial debts170/4€1.84M€1.87M▲
Amounts payable within one year42/48€488k€325k▼
Current portion of amounts payable after more than one year42€9k€11k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€21k€20k▼
Taxes450/3€10k€9k▼
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48€458k€292k▼
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€54k€54k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€107k▼
Other operating charges640/8€20k€20k▲
Gross operating margin9900€152k€173k▲
Operating profit (loss)9901€-36k€-8k▲
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€41k€40k▼
Recurring financial charges65€41k€40k▼
Profit (loss) for the period before taxes9903€-69k€-45k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€7k€940▼
Profit (loss) for the period9904€-72k€-43k▲
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€-63k€-34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.84M€-2.87M▼
Profit (loss) brought forward from the previous period14P€-2.77M€-2.84M▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €48k | €54k | €54k | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103k | €112k | €113k | €114k | €107k | ▼ 6.1% |
| Other operating charges640/8 | - | - | €25k | €20k | €20k | ▲ 1.9% |
| Gross operating margin9900 | €139k | €152k | €231k | €152k | €173k | ▲ 14.4% |
| Operating profit (loss)9901 | €-22k | €-25k | €45k | €-36k | €-8k | ▲ 77.8% |
| Financial income75/76B | - | - | €0 | €7k | €2k | ▼ 66.7% |
| Recurring financial income75 | €103 | €0 | €0 | €7k | €2k | ▼ 66.7% |
| Financial charges65/66B | - | - | €37k | €41k | €40k | ▼ 2.8% |
| Recurring financial charges65 | €31k | €32k | €37k | €41k | €40k | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €-53k | €-57k | €8k | €-69k | €-45k | ▲ 34.7% |
| Transfer from deferred taxes780 | - | - | €3k | €3k | €3k | = |
| Income taxes67/77 | €214 | €629 | €619 | €7k | €940 | ▼ 85.7% |
| Profit (loss) for the period9904 | €-50k | €-54k | €11k | €-72k | €-43k | ▲ 40.9% |
| Transfer from tax-exempt reserves789 | - | - | €9k | €9k | €9k | = |
| Profit (loss) for the period to be appropriated9905 | €-41k | €-45k | €20k | €-63k | €-34k | ▲ 46.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.33M | €3.39M | €3.81M | €3.53M | €3.34M | ▼ 5.3% |
| Fixed assets21/28 | €3.31M | €3.38M | €3.28M | €3.17M | €3.07M | ▼ 3.4% |
| Tangible fixed assets22/27 | €1.99M | €1.93M | €1.82M | €1.72M | €1.62M | ▼ 6.2% |
| Land and buildings22 | - | - | €1.79M | €1.70M | €1.60M | ▼ 5.7% |
| Plant, machinery and equipment23 | - | - | €2k | €4k | €3k | ▼ 30.2% |
| Furniture and vehicles24 | - | - | €7k | €0 | - | - |
| Leasing and similar rights25 | - | - | €27k | €18k | €9k | ▼ 50.0% |
| Financial fixed assets28 | €1.31M | €1.45M | €1.45M | €1.45M | €1.45M | = |
| Current assets29/58 | €25k | €9k | €539k | €354k | €275k | ▼ 22.3% |
| Amounts receivable within one year40/41 | €182 | €189 | €3k | €4k | €4k | ▼ 4.9% |
| Trade receivables40 | - | - | €3k | €4k | €2k | ▼ 47.4% |
| Other amounts receivable41 | - | - | - | €245 | €2k | ▲ 699% |
| Current investments50/53 | - | - | - | €300k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €23k | €8k | €535k | €40k | €269k | ▲ 567% |
| Deferred charges and accrued income490/1 | - | - | €2k | €9k | €2k | ▼ 78.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.33M | €3.39M | €3.81M | €3.53M | €3.34M | ▼ 5.3% |
| Equity10/15 | €1.06M | €1.01M | €1.04M | €974k | €942k | ▼ 3.3% |
| Contributions10/11 | €2.35M | €2.35M | €2.35M | €2.35M | €2.35M | = |
| Capital10 | - | - | €2.35M | €2.35M | €2.35M | = |
| Issued capital100 | - | - | €2.35M | €2.35M | €2.35M | = |
| Revaluation surpluses12 | - | - | €519k | €487k | €454k | ▼ 6.7% |
| Reserves13 | €868k | €902k | €936k | €970k | €1.00M | ▲ 3.5% |
| Non-distributable reserves130/1 | - | - | €8k | €8k | €8k | = |
| Legal reserve130 | - | - | €8k | €8k | €8k | = |
| Tax-exempt reserves132 | - | - | €178k | €168k | €159k | ▼ 5.6% |
| Distributable reserves133 | - | - | €750k | €793k | €837k | ▲ 5.4% |
| Profit (loss) carried forward14 | €-2.75M | €-2.79M | €-2.77M | €-2.84M | €-2.87M | ▼ 1.2% |
| Provisions and deferred taxes16 | €260k | €246k | €232k | €218k | €204k | ▼ 6.4% |
| Deferred taxes168 | - | - | €232k | €218k | €204k | ▼ 6.4% |
| Amounts payable17/49 | €2.01M | €2.13M | €2.55M | €2.34M | €2.20M | ▼ 6.0% |
| Amounts payable after more than one year17 | €1.19M | €1.11M | €1.82M | €1.84M | €1.87M | ▲ 1.4% |
| Financial debts170/4 | - | - | €1.82M | €1.84M | €1.87M | ▲ 1.4% |
| Amounts payable within one year42/48 | €817k | €1.02M | €722k | €488k | €325k | ▼ 33.5% |
| Current portion of amounts payable after more than one year42 | - | - | €9k | €9k | €11k | ▲ 21.8% |
| Trade debts44 | €1k | €4k | €5k | €1k | €2k | ▲ 75.6% |
| Suppliers440/4 | - | - | €5k | €1k | €2k | ▲ 75.6% |
| Taxes, remuneration and social security45 | - | - | €18k | €21k | €20k | ▼ 5.4% |
| Taxes450/3 | - | - | €9k | €10k | €9k | ▼ 12.3% |
| Remuneration and social security454/9 | - | - | €9k | €11k | €11k | ▲ 0.6% |
| Other amounts payable47/48 | - | - | €690k | €458k | €292k | ▼ 36.2% |
| Accrued charges and deferred income492/3 | - | - | €1k | €4k | €2k | ▼ 43.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-50k | €-54k | €11k | €-72k | €-43k | ▲ 40.9% |
| + Depreciation and write-downs630 | €103k | €112k | €113k | €114k | €107k | ▼ 6.1% |
| Operating cash flow (approximation) | €53k | €58k | €123k | €41k | €64k | ▲ 55.1% |
| Investment in fixed assets (approximation) | - | €-184k | €-11k | €-12k | €0 | ▲ 100% |
| Change in cash | - | €-16k | €527k | €-494k | €229k | ▲ 146% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after 4 loss-making years.
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Hasselt · 1 establishment unit since 1990
Ground area
1,514 m²
Building footprint
300 m²
Volume, LiDAR
3,343 m³
Parcel 71328D0235/00X000, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SMEETS NV
since 19902.050.187.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0235/00X000 | Flanders | 1,514 m² | 1 · 300 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 28,496 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.