SMETS
ActiveSMETS has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €754k and a net result of €134k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-11
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 4.15 against 4.36 in 2023), and 16.3% of the assets are financed with debt.
Credit advice 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.7%
Return on assets
14.9%
Age of the figures
20 mo
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
44 d early
2022
56 d early
2021
6 d early
2020
23 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€754k▲ 21.6%
2023 · €621k
2018: €335k
2019: €366k
2020: €421k
2021: €322k
2022: €433k
2023: €621k
2018 → 2024
Total assets
€901k▲ 5.0%
2023 · €858k
2018: €378k
2019: €400k
2020: €475k
2021: €733k
2022: €708k
2023: €858k
2018 → 2024
Net result
€134k▼ 28.8%
2023 · €188k
2018: €-8k
2019: €31k
2020: €55k
2021: €81k
2022: €111k
2023: €188k
2018 → 2024
Working capital
€416k▲ 5.9%
2023 · €393k
2018: €182k
2019: €250k
2020: €265k
2021: €178k
2022: €172k
2023: €393k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€421k-€322k▼ 23.6%€433k▲ 34.5%€621k▲ 43.5%€754k▲ 21.6%
Operating result€65k-€100k▲ 53.4%€149k▲ 49.0%€270k▲ 81.4%€186k▼ 31.1%
Net result€55k-€81k▲ 47.5%€111k▲ 37.2%€188k▲ 69.4%€134k▼ 28.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €901k
Fixed assets
€354k▲ 1.4%
Current assets
€548k▲ 7.5%
Equity and liabilities €901k
Equity
€754k▲ 21.6%
Debt
€147k▼ 38.2%
The debt ratio falls from 27.7% to 16.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€262k▼
2023 · €338k
Cash flow
€210k▼
2023 · €257k
Solvency
83.7%▲
2023 · 72.3%
Current ratio
4.15▼
2023 · 4.36
Quick ratio
4.01▼
2023 · 4.16
Debt / equity
0.19▼
2023 · 0.38
ROE
17.7%▼
2023 · 30.3%
ROA
14.9%▼
2023 · 21.9%
Interest coverage
179.92▼
2023 · 200.50
Debt
€147k▼
2023 · €238k
Debt ≤ 1 year
€132k▲
2023 · €117k
Debt > 1 year
€15k▼
2023 · €59k
Income taxes
€56k▼
2023 · €82k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€858k€901k▲
Fixed assets21/28€349k€354k▲
Tangible fixed assets22/27€349k€354k▲
Land and buildings22-€63k
Plant, machinery and equipment23€130k€119k▼
Furniture and vehicles24€219k€172k▼
Current assets29/58€510k€548k▲
Stocks and contracts in progress3€23k€18k▼
Stocks30/36€23k€18k▼
Amounts receivable within one year40/41€41k€57k▲
Trade receivables40€41k€46k▲
Other amounts receivable41€0€10k▲
Cash at bank and in hand54/58€438k€465k▲
Deferred charges and accrued income490/1€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€858k€901k▲
Equity10/15€621k€754k▲
Contributions10/11€19k€19k=
Reserves13€602k€735k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€602k€735k▲
Amounts payable17/49€238k€147k▼
Amounts payable after more than one year17€59k€15k▼
Financial debts170/4€59k€15k▼
Amounts payable within one year42/48€117k€132k▲
Current portion of amounts payable after more than one year42€44k€48k▲
Trade debts44€27k€74k▲
Suppliers440/4€27k€74k▲
Taxes, remuneration and social security45€44k€4k▼
Taxes450/3€44k€4k▼
Remuneration and social security454/9€224€165▼
Other amounts payable47/48€2k€6k▲
Accrued charges and deferred income492/3€62k€76▼
Income statement
Code20232024
Non-recurring operating income76A€7k€500▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€76k▲
Other operating charges640/8€914€954▲
Gross operating margin9900€339k€263k▼
Operating profit (loss)9901€270k€186k▼
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€270k€190k▼
Income taxes67/77€82k€56k▼
Profit (loss) for the period9904€188k€134k▼
Profit (loss) for the period to be appropriated9905€188k€134k▼
Appropriation of the result
Profit (loss) to be appropriated9906€188k€134k▼
Transfer to equity691/2€188k€134k▼
To other reserves6921€188k€134k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €188k ▲69.4%
Operating result €270k, net result €188k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.36
Current ratio from 2.02 to 4.36; short-term debt falls from €169k to €117k.
31-12
Financial
Equity above €500kEq €621k ▲43.5%
5 profitable years in a row build equity to €621k.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has 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 2024
This board is reconstructed from a single act (24320746). 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.
Smets, Bart Leopold Maria
CurrentDirector · since 11-01-2024
Smets, Kurt Edward Maria
CurrentDirector · since 11-01-2024
Smets, Louis Carolus Maria
CurrentDirector · since 11-01-2024
11-01-2024
Smets, Bart Leopold Maria: Appointed as Director
11-01-2024
Smets, Kurt Edward Maria: Appointed as Director
11-01-2024
Smets, Louis Carolus Maria: Appointed as Director
Not every act has been read: a resignation may be missing here
1 of this company's 1 Belgian State Gazette acts has 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, Retie · 1 establishment unit since 1981
Ground area
648 m²
Building footprint
238 m²
Volume, LiDAR
1,281 m³
Parcel 13036A0546/00D002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Smets BVBA
since 19812.018.550.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036A0546/00D002 | Flanders | 648 m² | 1 · 238 m² | 9.7 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.
Similar companies · same sector, comparable size
STINIC CONSTRUCT
BE 0791.986.390
Gent · Eq €754k
OPSOMER ET DELMOTTE
BE 0401.271.875
Comines-Warneton · Eq €754k
AMEEL INTERIEUR
BE 0436.529.890
Ieper · Eq €753k
DE SUTTER LUC
BE 0454.158.156
Maldegem · Eq €756k
WOODFRAMES
BE 0462.820.157
Sint-Laureins · Eq €752k
Of 19,938 companies in sector 43320 we hold annual accounts for 9,070. 5,032 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1981
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.