Financials
- Financial year
- 2025
- Total assets
- €4.2m
- Loss
- -€886,424
- Solvency
- 11.4%
Total assets▼ 6.6%
Net result
20182025
SMET KONSTRUKT
Judicial reorganisationSummary
The file of SMET KONSTRUKT contains 1 judicial reorganisation, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The annual accounts of SMET KONSTRUKT for financial year 2025 show a net loss of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €472,663 and a net result of -€886,424. Equity remains stable across the filed financial years (±1.4% per year). Its solvency ranks better than 9% of 173 sector peers (NACE 16, financial year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Ghent
- Opened
- 30 June 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260022
- Moratorium until
- 30 October 2026
- Creditors' vote
- 20 October 2026
- Delegated judge
- Constantin Le Fevere De ten Hove
- Official Gazette
- 06-07-2026 (pdf) ↗search the document for 2026/130360
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 30 October 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Manufacture of other builders' carpentry and joinery
NACE 16230Joinery installation NACE 43320
4th largest employer in Zulte, Manufacturing sector1 site
Size
€4.2mtotal assets 2025
- Staff
- 32.2 FTE
- Equity
- €472,663
- Loss
- -€886,424
Net result -92%: other schema
Financial health
8
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- Parent
- WALMAR INVEST · 99.99%
- Holdings
- 1
- Jonas DESMETDirector
Accounts 18 days early1 of 8 deeds read
Signalsraises riskPersistent lossesWeak solvency vs sectorIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
8
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Weak
Solvency
36-20
equity 11.4% of total assets
Liquidity
3-16
short-term debt 87.2% · cash 0.6%
Profitability
0-6
return on assets -21.3%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity insufficient (current ratio 0.56, compared with 0.75 in 2024, below 1; short-term debt: 87.2% and cash: 0.6% of total assets), and 88.6% of the assets are financed with debt and provisions.
Signals
Four signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€886,424
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 173 sector peers (2025).
NBB · sector comparisonPosition among 173 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
99 days late
2023
13 days early
2022
20 days early
2021
54 days early
2020
103 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- OpeningEnterprise Court of Ghent ·…
- Weakest financial yearnet -€886,424
Key points
- Risk: In judicial reorganisationtrustee not known 30-06-2026 View
- Caution: Result fell in 2025different schema filed ▼ 91.6% View
- Caution: Among the weakest 5% on net resultsector median €50,439 · 174 companies -€886,424 View
- Controlled by WALMAR INVESTthe company in turn controls 1 companies 99.99% View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€886,424 View
By topic
Board & ownership
- Board
- 1 member
- Parent
- WALMAR INVEST · 99.99%
- Jonas DESMETDirector
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 40
- Since
- 1992
- Next accounts
- by 31-07-2027
- 07-11-2025Annual accounts filed
- 18-07-2024Annual accounts filed
- 07-02-2024Appointment: Jonas DESMET (bijkomend bestuurder)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of other builders' carpentry and joineryNACE 16230
- Founded
- 28-06-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the manufacture of other builders' carpentry and joinery sector doing?Sector figures
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