SMEGO
ActiveSMEGO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.50M and a net result of €505k. Equity is growing by ~17.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2026
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability84▼-2
Solvency84▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.65 in 2025; short-term debt: 22.2% and cash: 14% of total assets), and 41.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
58.6%
Return on assets
11.9%
Age of the figures
6 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-06-2026, 150 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
150 d early
2025
120 d early
2024
118 d early
2023
127 d early
2022
75 d early
2021
129 d early
2020
122 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€2.50M▲ 14.0%
2025 · €2.19M
2019: €866k
2020: €949k
2021: €977k
2022: €888k
2023: €1.16M
2024: €1.72M
2025: €2.19M
2019 → 2026
Total assets
€4.26M▼ 2.5%
2025 · €4.37M
2019: €1.56M
2020: €2.37M
2021: €3.17M
2022: €3.44M
2023: €3.84M
2024: €4.58M
2025: €4.37M
2019 → 2026
Net result
€505k▼ 18.3%
2025 · €618k
2019: €157k
2020: €83k
2021: €27k
2022: €42k
2023: €426k
2024: €565k
2025: €618k
2019 → 2026
Working capital
€666k▼ 1.4%
2025 · €675k
2019: €351k
2020: €98k
2021: €-140k
2022: €-69k
2023: €-149k
2024: €77k
2025: €675k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€888k-€1.16M▲ 30.4%€1.72M▲ 48.7%€2.19M▲ 27.3%€2.50M▲ 14.0%
Operating result€76k-€579k▲ 661%€806k▲ 39.3%€948k▲ 17.6%€786k▼ 17.0%
Net result€42k-€426k▲ 924%€565k▲ 32.7%€618k▲ 9.4%€505k▼ 18.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 17% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €4.26M
Fixed assets
€2.65M▼ 0.4%
Current assets
€1.61M▼ 5.9%
Equity and liabilities €4.26M
Equity
€2.50M▲ 14.0%
Provisions
€50k=
Debt
€1.71M▼ 19.6%
The debt ratio falls from 48.7% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.04M▼
2025 · €1.14M
Cash flow
€762k▼
2025 · €806k
Solvency
58.6%▲
2025 · 50.1%
Current ratio
1.70▲
2025 · 1.65
Quick ratio
1.20▼
2025 · 1.37
Debt / equity
0.69▼
2025 · 0.97
ROE
20.2%▼
2025 · 28.2%
ROA
11.9%▼
2025 · 14.1%
Interest coverage
30.85▼
2025 · 34.21
Debt
€1.71M▼
2025 · €2.13M
Debt ≤ 1 year
€947k▼
2025 · €1.04M
Debt > 1 year
€766k▼
2025 · €1.09M
Income taxes
€255k▼
2025 · €416k
Staff costs
€1.42M▲
2025 · €1.12M
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€4.37M€4.26M▼
Fixed assets21/28€2.66M€2.65M▼
Tangible fixed assets22/27€2.66M€2.65M▼
Land and buildings22€2.06M€2.36M▲
Plant, machinery and equipment23€363k€44k▼
Furniture and vehicles24€234k€247k▲
Financial fixed assets28€135-
Current assets29/58€1.71M€1.61M▼
Stocks and contracts in progress3€295k€478k▲
Stocks30/36€270k€363k▲
Contracts in progress37€25k€115k▲
Amounts receivable within one year40/41€431k€539k▲
Trade receivables40€421k€379k▼
Other amounts receivable41€10k€160k▲
Current investments50/53€350k-
Cash at bank and in hand54/58€625k€595k▼
Deferred charges and accrued income490/1€13k€635▼
Equity and liabilities
Total equity and liabilities10/49€4.37M€4.26M▼
Equity10/15€2.19M€2.50M▲
Contributions10/11€20k€20k=
Reserves13€2.17M€2.48M▲
Distributable reserves133€2.17M€2.48M▲
Provisions and deferred taxes16€50k€50k=
Provisions for liabilities and charges160/5€50k€50k=
Other liabilities and charges164/5€50k€50k=
Amounts payable17/49€2.13M€1.71M▼
Amounts payable after more than one year17€1.09M€766k▼
Financial debts170/4€1.09M€766k▼
Amounts payable within one year42/48€1.04M€947k▼
Current portion of amounts payable after more than one year42€445k€374k▼
Trade debts44€365k€307k▼
Suppliers440/4€365k€307k▼
Taxes, remuneration and social security45€167k€145k▼
Taxes450/3€60k€57k▼
Remuneration and social security454/9€107k€88k▼
Other amounts payable47/48€61k€121k▲
Income statement
Code20252026
Remuneration, social security and pensions62€1.12M€1.42M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€188k€256k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€50k-
Other operating charges640/8€459k€70k▼
Non-recurring operating charges66A-€14k
Gross operating margin9900€2.76M€2.54M▼
Operating profit (loss)9901€948k€786k▼
Financial income75/76B€120k€8k▼
Recurring financial income75€87k€8k▼
Non-recurring financial income76B€33k-
Financial charges65/66B€33k€34k▲
Recurring financial charges65€33k€34k▲
Profit (loss) for the period before taxes9903€1.03M€760k▼
Income taxes67/77€416k€255k▼
Profit (loss) for the period9904€618k€505k▼
Profit (loss) for the period to be appropriated9905€618k€505k▼
Appropriation of the result
Profit (loss) to be appropriated9906€618k€505k▼
Transfer from equity791/2€148k€199k▲
Transfer to equity691/2€618k€505k▼
To other reserves6921€618k€505k▼
Profit to be distributed694/7€148k€199k▲
Return on contributions (dividend)694€148k€199k▲
Social balance
Average headcount (FTE)908724.428.5▲
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 2027, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €618k ▲9.4%
Operating result €948k, net result €618k, both a record.
31-03
Financial
Equity above €2MEq €2.19M ▲27.3%
7 profitable years in a row build equity to €2.19M.
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.16M ▲30.4%
5 profitable years in a row build equity to €1.16M.
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €27k ▼67.4%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
14-03-2025
VAN GOOL Bart Peter August: Resigned as Director
14-01-2019
BROECKX Bertha: Resigned as Director
01-07-2017
VAN GOOL Johannes: Resigned as Manager
Location & real-estate footprint
Registered office, Arendonk · 1 establishment unit since 2005
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.
Hoge Mauw 5002370 ArendonkGround area
7,343 m²
Building footprint
3,496 m²
Volume, LiDAR
20,970 m³
Parcel 13322C1257/00D000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Smego BVBA
since 20052.146.901.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C1257/00D000 | Flanders | 7,343 m² | 1 · 3,496 m² | 8.2 m · 2 fl. |
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 to 2025 · 6 entries · 53,678 EUR awarded · 53,678 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 9,059 EUR | 9,059 EUR |
| 2024 | 1 | 8,810 EUR | 8,810 EUR |
| 2023 | 1 | 11,094 EUR | 11,882 EUR |
| 2022 | 1 | 24,715 EUR | 23,927 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesSMEGO BV33899
Similar companies · same sector, comparable size
PIM
BE 0425.207.913
Antwerpen · Eq €2.49M
Creus Concrete Solutions
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Poperinge · Eq €2.49M
VERBECON METAALCONSTRUCTIE
BE 0808.061.765
Zonnebeke · Eq €2.49M
GIJMACON
BE 0433.575.746
Oudsbergen · Eq €2.51M
CONSTRUCTIE VUEGEN
BE 0438.032.895
Tessenderlo-Ham · Eq €2.52M
Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2005
Fiscal year end31-03
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.