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SMEETS

Active
Public limited companyfounded 199233 yrs activeBergensesteenweg 189, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0448.866.906
Summary

SMEETS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.78M and a net result of €1.54M. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 100 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability85▼-4
Solvency100▲+3
Growth62▼-5
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.05M at 30 days acceptable
Liquidity ample (current ratio 4.09 against 3.49 in 2024; short-term debt: 24.2% and cash: 43.2% of total assets), and 24.2% of the assets are financed with debt.
Credit check 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · 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
75.8%
Return on assets
9.9%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 filings
Deviation from the deadline
2025
19 d late
2024
22 d late
2023
30 d late
2022
24 d late
2021
16 d late
2020
27 d late
2019
31 d late
← before the deadline after the deadline →
Checked, nothing found (2)
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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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, full schema

Turnover
€12.39M▼ 22.5%
2024 · €15.99M
2018: €12.73M 2019: €13.67M▲ +7.4% vs 2018 2020: €12.92M▼ -5.5% vs 2019 2021: €14.45M▲ +11.9% vs 2020 2022: €13.72M▼ -5.0% vs 2021 2023: €15.68M▲ +14.3% vs 2022 2024: €15.99M▲ +2.0% vs 2023highest in 8 years 2025: €12.39M▼ -22.5% vs 2024lowest in 8 years
2018 → 2025
EBIT margin
18.0%▼ 0.2pp
2024 · 18.2%
2018: 13.2% 2019: 14.0%▲ +5.7% vs 2018 2020: 7.2%▼ -48.4% vs 2019 2021: 15.7%▲ +117% vs 2020 2022: 7.1%▼ -54.5% vs 2021lowest in 8 years 2023: 12.8%▲ +79.1% vs 2022 2024: 18.2%▲ +43.0% vs 2023highest in 8 years 2025: 18.0%▼ -1.3% vs 2024
2018 → 2025
Net result
€1.54M▼ 31.5%
2024 · €2.25M
2018: €1.21M 2019: €1.13M▼ -6.9% vs 2018 2020: €731k▼ -35.1% vs 2019lowest in 8 years 2021: €1.74M▲ +138% vs 2020 2022: €796k▼ -54.3% vs 2021 2023: €1.52M▲ +91.2% vs 2022 2024: €2.25M▲ +47.6% vs 2023highest in 8 years 2025: €1.54M▼ -31.5% vs 2024
2018 → 2025
Working capital
€11.58M▲ 3.5%
2024 · €11.19M
2018: €7.99Mlowest in 8 years 2019: €8.60M▲ +7.6% vs 2018 2020: €8.97M▲ +4.4% vs 2019 2021: €10.07M▲ +12.3% vs 2020 2022: €10.20M▲ +1.2% vs 2021 2023: €10.63M▲ +4.2% vs 2022 2024: €11.19M▲ +5.3% vs 2023 2025: €11.58M▲ +3.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€14.45M-€13.72M▼ 5.0%€15.68M▲ 14.3%€15.99M▲ 2.0%€12.39M▼ 22.5% 2021: €14.45M 2022: €13.72M▼ -5.0% vs 2021 2023: €15.68M▲ +14.3% vs 2022 2024: €15.99M▲ +2.0% vs 2023highest in 5 years 2025: €12.39M▼ -22.5% vs 2024lowest in 5 years
Equity€10.17M-€10.34M▲ 1.7%€10.79M▲ 4.4%€11.32M▲ 4.9%€11.78M▲ 4.0% 2021: €10.17Mlowest in 5 years 2022: €10.34M▲ +1.7% vs 2021 2023: €10.79M▲ +4.4% vs 2022 2024: €11.32M▲ +4.9% vs 2023 2025: €11.78M▲ +4.0% vs 2024highest in 5 years
Operating result€2.27M-€978k▼ 56.8%€2.00M▲ 105%€2.92M▲ 45.8%€2.23M▼ 23.6% 2021: €2.27M 2022: €978k▼ -56.8% vs 2021lowest in 5 years 2023: €2.00M▲ +105% vs 2022 2024: €2.92M▲ +45.8% vs 2023highest in 5 years 2025: €2.23M▼ -23.6% vs 2024
Net result€1.74M-€796k▼ 54.3%€1.52M▲ 91.2%€2.25M▲ 47.6%€1.54M▼ 31.5% 2021: €1.74M 2022: €796k▼ -54.3% vs 2021lowest in 5 years 2023: €1.52M▲ +91.2% vs 2022 2024: €2.25M▲ +47.6% vs 2023highest in 5 years 2025: €1.54M▼ -31.5% vs 2024
Result per fiscal year
Operating resultNet result
€0€1.00M€2.00M€3.00MOperating result 2021: €2.27M€2.27MNet result 2021: €1.74M€1.74MOperating result 2022: €978k€978kNet result 2022: €796k€796kOperating result 2023: €2.00M€2.00MNet result 2023: €1.52M€1.52MOperating result 2024: €2.92M€2.92MNet result 2024: €2.25M€2.25MOperating result 2025: €2.23M€2.23MNet result 2025: €1.54M€1.54M20212022202320242025€0€1M€2M€3MOperating result 2023: €2.00M€2MNet result 2023: €1.52M€1.5MOperating result 2024: €2.92M€2.9MNet result 2024: €2.25M€2.2MOperating result 2025: €2.23M€2.2MNet result 2025: €1.54M€1.5M202320242025
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.53M
Fixed assets €195k ▲ 46.8%
Current assets €15.34M ▼ 2.3%
Equity and liabilities €15.53M
Equity €11.78M ▲ 4.0%
Debt €3.75M ▼ 16.6%
Debt's share of the balance-sheet total falls from 28.4% to 24.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2.26M▼
2024 · €2.94M
Cash flow
€1.57M▼
2024 · €2.27M
Current ratio
4.09▲
2024 · 3.49
Quick ratio
2.63▲
2024 · 2.32
Debt to equity
0.32▼
2024 · 0.40
ROE
13.1%▼
2024 · 19.8%
ROA
9.9%▼
2024 · 14.2%
Interest coverage
369.11▼
2024 · 4268.23
Debt ≤ 1 year
€3.75M▼
2024 · €4.50M
Income taxes
€571k▼
2024 · €820k
Staff costs
€658k▼
2024 · €671k
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 · 2025 against 2024 · 73 lines
Balance sheet Code20242025
Assets
Total assets20/58€15.82M€15.53M▼
Fixed assets21/28€133k€195k▲
Intangible fixed assets21-€9k
Tangible fixed assets22/27€133k€186k▲
Plant, machinery and equipment23€13k€8k▼
Furniture and vehicles24€42k€36k▼
Other tangible fixed assets26€77k€142k▲
Current assets29/58€15.69M€15.34M▼
Amounts receivable after more than one year29€18k-
Other amounts receivable291€18k-
Stocks and contracts in progress3€5.27M€5.45M▲
Stocks30/36€5.27M€5.45M▲
Goods purchased for resale34€5.27M€5.45M▲
Amounts receivable within one year40/41€4.34M€3.14M▼
Trade receivables40€4.33M€3.13M▼
Other amounts receivable41€19k€10k▼
Current investments50/53€753k€4k▼
Other investments51/53€753k€4k▼
Cash at bank and in hand54/58€5.28M€6.70M▲
Deferred charges and accrued income490/1€29k€38k▲
Equity and liabilities
Total equity and liabilities10/49€15.82M€15.53M▼
Equity10/15€11.32M€11.78M▲
Contributions10/11€129k€129k=
Capital10€129k€129k=
Issued capital100€129k€129k=
Reserves13€7.82M€7.82M=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€7.81M€7.81M=
Profit (loss) carried forward14€3.37M€3.83M▲
Amounts payable17/49€4.50M€3.75M▼
Amounts payable within one year42/48€4.50M€3.75M▼
Current portion of amounts payable after more than one year42€6k€6k▼
Financial debts43-€151k
Credit institutions430/8-€151k
Trade debts44€2.39M€2.08M▼
Suppliers440/4€2.39M€2.08M▼
Taxes, remuneration and social security45€370k€422k▲
Taxes450/3€310k€358k▲
Remuneration and social security454/9€60k€64k▲
Other amounts payable47/48€1.73M€1.09M▼
Accrued charges and deferred income492/3€1k-
Income statement Code20242025
Operating income70/76A€16.13M€12.55M▼
Turnover70€15.99M€12.39M▼
Other operating income74€138k€162k▲
Operating charges60/66A€13.21M€10.32M▼
Goods for resale, raw materials and consumables60€10.92M€8.08M▼
Purchases600/8€10.48M€8.27M▼
Change in stocks: decrease (increase)609€443k€-183k▼
Services and other goods61€1.41M€1.34M▼
Remuneration, social security and pensions62€671k€658k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€28k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€71k
Other operating charges640/8€178k€141k▼
Operating profit (loss)9901€2.92M€2.23M▼
Financial income75/76B€242k€183k▼
Recurring financial income75€242k€183k▼
Income from current assets751€40k€16k▼
Other financial income752/9€201k€167k▼
Financial charges65/66B€92k€303k▲
Recurring financial charges65€92k€303k▲
Debt charges650€690€6k▲
Other financial charges652/9€92k€297k▲
Profit (loss) for the period before taxes9903€3.07M€2.11M▼
Income taxes67/77€820k€571k▼
Taxes670/3€820k€571k▼
Profit (loss) for the period9904€2.25M€1.54M▼
Profit (loss) for the period to be appropriated9905€2.25M€1.54M▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.09M€4.91M▼
Profit (loss) brought forward from the previous period14P€2.84M€3.37M▲
Profit to be distributed694/7€1.71M€1.09M▼
Return on contributions (dividend)694€1.71M€1.09M▼
Social balance
Average headcount (FTE)90878.38.5▲

The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A€14.55M€13.89M€15.85M€16.13M€12.55M▼ 22.2%
Turnover70€14.45M€13.72M€15.68M€15.99M€12.39M▼ 22.5%
Other operating income74€96k€164k€168k€138k€162k▲ 17.0%
Operating charges60/66A€12.28M€12.91M€13.85M€13.21M€10.32M▼ 21.9%
Goods for resale, raw materials and consumables60€10.30M€10.60M€11.67M€10.92M€8.08M▼ 26.0%
Purchases600/8€12.05M€10.40M€11.89M€10.48M€8.27M▼ 21.1%
Change in stocks: decrease (increase)609€-1.75M€197k€-213k€443k€-183k▼ 141%
Services and other goods61€1.06M€1.25M€1.23M€1.41M€1.34M▼ 5.3%
Remuneration, social security and pensions62€886k€978k€909k€671k€658k▼ 2.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€24k€26k€27k€28k▲ 3.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€71k-
Other operating charges640/8€4k€63k€6k€178k€141k▼ 21.1%
Operating profit (loss)9901€2.27M€978k€2.00M€2.92M€2.23M▼ 23.6%
Financial income75/76B€179k€173k€170k€242k€183k▼ 24.2%
Recurring financial income75€179k€173k€170k€242k€183k▼ 24.2%
Income from current assets751---€40k€16k▼ 61.4%
Other financial income752/9€179k€173k€170k€201k€167k▼ 16.7%
Financial charges65/66B€101k€75k€117k€92k€303k▲ 229%
Recurring financial charges65€101k€75k€117k€92k€303k▲ 229%
Debt charges650€1k€2k€595€690€6k▲ 787%
Other financial charges652/9€100k€73k€116k€92k€297k▲ 225%
Profit (loss) for the period before taxes9903€2.34M€1.08M€2.05M€3.07M€2.11M▼ 31.2%
Income taxes67/77€601k€280k€531k€820k€571k▼ 30.4%
Taxes670/3€601k€280k€531k€820k€571k▼ 30.4%
Profit (loss) for the period9904€1.74M€796k€1.52M€2.25M€1.54M▼ 31.5%
Profit (loss) for the period to be appropriated9905€1.74M€796k€1.52M€2.25M€1.54M▼ 31.5%
Line20212022202320242025Change
Assets
Total assets20/58€13.04M€14.44M€14.91M€15.82M€15.53M▼ 1.9%
Fixed assets21/28€99k€142k€162k€133k€195k▲ 46.8%
Intangible fixed assets21€504---€9k-
Tangible fixed assets22/27€97k€140k€160k€133k€186k▲ 40.3%
Plant, machinery and equipment23€15k€15k€19k€13k€8k▼ 40.5%
Furniture and vehicles24€19k€39k€59k€42k€36k▼ 15.5%
Other tangible fixed assets26€63k€86k€82k€77k€142k▲ 85.3%
Financial fixed assets28€2k€2k€2k---
Other financial fixed assets284/8€2k€2k€2k---
Amounts receivable and cash guarantees285/8€2k€2k€2k---
Current assets29/58€12.94M€14.30M€14.75M€15.69M€15.34M▼ 2.3%
Amounts receivable after more than one year29€29k€18k€18k€18k--
Other amounts receivable291€29k€18k€18k€18k--
Stocks and contracts in progress3€5.70M€5.50M€5.71M€5.27M€5.45M▲ 3.5%
Stocks30/36€5.70M€5.50M€5.71M€5.27M€5.45M▲ 3.5%
Goods purchased for resale34€5.70M€5.50M€5.71M€5.27M€5.45M▲ 3.5%
Amounts receivable within one year40/41€4.47M€4.58M€4.27M€4.34M€3.14M▼ 27.8%
Trade receivables40€4.45M€4.41M€4.10M€4.33M€3.13M▼ 27.7%
Other amounts receivable41€18k€171k€167k€19k€10k▼ 46.6%
Current investments50/53€38k€23k€761k€753k€4k▼ 99.5%
Other investments51/53€38k€23k€761k€753k€4k▼ 99.5%
Cash at bank and in hand54/58€2.67M€4.17M€3.98M€5.28M€6.70M▲ 27.0%
Deferred charges and accrued income490/1€32k€8k€10k€29k€38k▲ 31.5%
Equity and liabilities
Total equity and liabilities10/49€13.04M€14.44M€14.91M€15.82M€15.53M▼ 1.9%
Equity10/15€10.17M€10.34M€10.79M€11.32M€11.78M▲ 4.0%
Contributions10/11€129k€129k€129k€129k€129k=
Capital10€129k€129k€129k€129k€129k=
Issued capital100€129k€129k€129k€129k€129k=
Reserves13€7.82M€7.82M€7.82M€7.82M€7.82M=
Non-distributable reserves130/1€13k€13k€13k€13k€13k=
Legal reserve130€13k€13k€13k€13k€13k=
Distributable reserves133€7.81M€7.81M€7.81M€7.81M€7.81M=
Profit (loss) carried forward14€2.22M€2.39M€2.84M€3.37M€3.83M▲ 13.5%
Amounts payable17/49€2.87M€4.10M€4.12M€4.50M€3.75M▼ 16.6%
Amounts payable within one year42/48€2.87M€4.10M€4.12M€4.50M€3.75M▼ 16.6%
Current portion of amounts payable after more than one year42€158k€158k€6k€6k€6k▼ 0.3%
Financial debts43----€151k-
Credit institutions430/8----€151k-
Trade debts44€1.79M€3.21M€2.88M€2.39M€2.08M▼ 12.9%
Suppliers440/4€1.79M€3.21M€2.88M€2.39M€2.08M▼ 12.9%
Taxes, remuneration and social security45€237k€75k€152k€370k€422k▲ 13.9%
Taxes450/3€139k€3k€79k€310k€358k▲ 15.3%
Remuneration and social security454/9€98k€71k€73k€60k€64k▲ 6.7%
Other amounts payable47/48€676k€663k€1.09M€1.73M€1.09M▼ 36.9%
Accrued charges and deferred income492/3---€1k--
Line20212022202320242025Change
Profit (loss) for the period9904€1.74M€796k€1.52M€2.25M€1.54M▼ 31.5%
+ Depreciation and write-downs630€27k€24k€26k€27k€28k▲ 3.4%
Operating cash flow (approximation)€1.77M€820k€1.55M€2.27M€1.57M▼ 31.1%
Investment in fixed assets (approximation)-€-67k€-45k€2k€-90k▼ 4,576%
Change in cash-€1.50M€-192k€1.30M€1.43M▲ 9.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-09
State Gazette act Reappointments: André SMEETS, Jean-François DE VIGNE and SMEETS Martin
Permanent representative: thg BRUXELLES5 facts ▸
  • General meeting, 16-06-2026
  • Director reappointment, André SMEETS (managing director and director)
  • Director reappointment, Jean-François DE VIGNE (director)
  • Director reappointment, SMEETS Martin (director)
  • Permanent representative, thg BRUXELLES (bijzondere vertegenwoordiger)
19-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
22-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial Highest result since 2018net €2.25M ▲47.6%
Operating result €2.92M, net result €2.25M, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
16-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
31-12
Financial Equity above €10MEq €10.17M ▲12.1%
4 profitable years in a row build equity to €10.17M.
27-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial Weakest financial yearnet €731k ▼35.1%
Net result drops to €731k, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
17-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 139 days late
20-02
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 204 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
under verification, last change in 2026
This board is reconstructed from a single act (26116694). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
André SMEETS
Managing director and director · since 16-06-2026
Current
Jean-François DE VIGNE
Director · since 16-06-2026
Current
SMEETS Martin
Director · since 16-06-2026
Current
16-06-2026 André SMEETS: Mandate renewed as Managing director and director
16-06-2026 Jean-François DE VIGNE: Mandate renewed as Director
16-06-2026 SMEETS Martin: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
7,133 m²
Building footprint
4,226 m²
Volume, LiDAR
23,770 m³
Parcel 23077A0175/00N003, Flanders · tallest building 20.0 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Bergensesteenweg 189, 1600 Sint-Pieters-Leeuw
NACE 3210007
since 19932.061.129.739
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23077A0175/00N003 Flanders 7,133 m² 1 · 4,226 m² 20.0 m · 2 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.

Recognitions · licences · registrations

Legal Entity Identifier

549300PF0BVSIW7PLL21
live in the LEI register

Similar companies · same sector, comparable size

Of 263 companies in sector 27110 we hold annual accounts for 173. 42 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
Founded30-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
46643Wholesale of electrical equipment, including installation materials

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