SMET
InactiveSMET was declared bankrupt on 04-08-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 21-10-2025, published in the Belgian State Gazette on 20-11-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-06-2022, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
33 d early
2020
44 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Turnover
€850k▲ 7.7%
2020 · €789k
2018: €587k
2019: €814k
2020: €789k
2018 → 2021
EBIT margin
6.4%▲ 1.4pp
2020 · 5.0%
2018: -2.8%
2019: 18.6%
2020: 5.0%
2018 → 2021
Net result
€31k▲ 35.2%
2020 · €23k
2018: €-33k
2019: €118k
2020: €23k
2018 → 2021
Working capital
€81k▲ 59.9%
2020 · €50k
2018: €-9k
2019: €29k
2020: €50k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€587k-€814k▲ 38.6%€789k▼ 3.0%€850k▲ 7.7%
Equity€17k-€134k▲ 709%€157k▲ 17.0%€188k▲ 19.7%
Operating result€-16k-€152k€40k▼ 73.9%€55k▲ 37.9%
Net result€-33k-€118k€23k▼ 80.6%€31k▲ 35.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 38% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €619k
Fixed assets
€364k▼ 19.1%
Current assets
€255k▼ 0.2%
Equity and liabilities €619k
Equity
€188k▲ 19.7%
Debt
€431k▼ 21.4%
The debt ratio falls from 77.7% to 69.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€144k▲
2020 · €128k
Cash flow
€120k▲
2020 · €111k
Solvency
30.3%▲
2020 · 22.3%
Current ratio
1.46▲
2020 · 1.25
Quick ratio
1.44▲
2020 · 1.23
Debt / equity
2.30▲
2020 · 2.19
ROE
16.4%▲
2020 · 14.6%
ROA
5.0%▲
2020 · 3.2%
Interest coverage
11.78
Debt
€431k▼
2020 · €548k
Debt ≤ 1 year
€174k▼
2020 · €205k
Debt > 1 year
€257k▼
2020 · €344k
Income taxes
€12k▲
2020 · €4k
Staff costs
€416k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€705k€619k▼
Fixed assets21/28€450k€364k▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€445k€361k▼
Land and buildings22-€12k
Plant, machinery and equipment23-€350
Furniture and vehicles24-€180k
Leasing and similar rights25-€169k
Financial fixed assets28€675-
Current assets29/58€255k€255k▼
Amounts receivable after more than one year29-€675
Other amounts receivable291-€675
Stocks and contracts in progress3€4k€4k=
Stocks30/36-€4k
Amounts receivable within one year40/41€90k€108k▲
Trade receivables40-€85k
Other amounts receivable41-€23k
Cash at bank and in hand54/58€154k€130k▼
Deferred charges and accrued income490/1-€12k
Equity and liabilities
Total equity and liabilities10/49€705k€619k▼
Equity10/15€157k€188k▲
Contributions10/11-€20k
Reserves13€136k€167k▲
Distributable reserves133-€167k
Profit (loss) carried forward14€-40k-
Amounts payable17/49€548k€431k▼
Amounts payable after more than one year17€344k€257k▼
Financial debts170/4-€257k
Amounts payable within one year42/48€205k€174k▼
Current portion of amounts payable after more than one year42-€96k
Trade debts44€52k€16k▼
Suppliers440/4-€16k
Taxes, remuneration and social security45-€62k
Taxes450/3-€18k
Remuneration and social security454/9-€44k
Income statement
Code20202021
Turnover70€789k€850k▲
Goods, raw materials, services and sundry goods60/61-€303k
Remuneration, social security and pensions62-€416k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€89k▲
Other operating charges640/8-€14k
Gross operating margin9900€543k€574k▲
Operating profit (loss)9901€40k€55k▲
Financial income75/76B-€723
Recurring financial income75€2k€723▼
Financial charges65/66B-€12k
Recurring financial charges65€15k€12k▼
Profit (loss) for the period before taxes9903€27k€43k▲
Income taxes67/77€4k€12k▲
Profit (loss) for the period9904€23k€31k▲
Profit (loss) for the period to be appropriated9905€23k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€31k
Transfer to equity691/2-€31k
To other reserves6921-€31k
Social balance
Average headcount (FTE)9087-12.2
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
2025
20-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SMET BV VAART- STRAAT 179, 2520 RANST · event 21-10-2025
2022
11-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SMET BV VAARTSTRAAT 179, 2520 RANST · event 04-08-2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €157k ▲17%
2 profitable years in a row build equity to €157k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €118k
Net result €118k after one loss-making year.
31-12
Financial
Equity above €100kEq €134k ▲709%
Equity rises from €17k to €134k.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
05-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 5 days late
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VALèRE VEREECKE COCKERILLKAAI 18,
2000 ANTWERPEN 1 |
04-08-2022 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 240 EUR awarded · 240 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 240 EUR | 240 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)