SMETS & CO
ActiveSummary
SMETS & CO has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+19
Solvency66▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.83 in 2024; short-term debt: 53.2% and cash: 25.1% of total assets), and 58.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2025Solvency, return and age of the figures
Solvency
41.2%
Return on assets
18.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-08-2026, 2 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 filingsDeviation from the deadline
2025
2 d late
2024
30 d late
2023
57 d early
2022
38 d early
2021
26 d early
2020
46 d early
2019
52 d early
← 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▲ 83.4%
2024 · €11k
Total assets
€47k▲ 13.1%
2024 · €42k
Net result
€9k▲ 533%
2024 · €1k
Working capital
€3k
2024 · €-4k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-3k▲ 36.1%€7k€9k▲ 42.8%€7k▼ 28.9%€15k▲ 129%
Net result€-3k▲ 35.4%€6k€7k▲ 11.7%€1k▼ 78.6%€9k▲ 533%
Equity€-3k€3k€9k▲ 244%€11k▲ 15.2%€19k▲ 83.4%
Total assets€32k▼ 0.1%€26k▼ 18.8%€51k▲ 95.4%€42k▼ 18.5%€47k▲ 13.1%
Debt€36k▲ 10.0%€24k▼ 33.6%€42k▲ 78.5%€31k▼ 25.9%€28k▼ 10.9%
Working capital€-11k▼ 33.7%€-5k▲ 53.1%€-8k▼ 56.3%€-4k▲ 49.2%€3k
Staff (FTE)1▲ 25.0%1=1=1.8▲ 80.0%1.3▼ 27.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 129% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€19k ▼ 14.7%
Current assets
€28k ▲ 44.6%
Equity and liabilities €47k
Equity
€19k ▲ 83.4%
Debt
€28k ▼ 10.9%
Debt's share of the balance-sheet total falls from 74.6% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €14k
Cash flow
€16k▲
2024 · €9k
Current ratio
1.12▲
2024 · 0.83
Quick ratio
0.85▲
2024 · 0.55
Debt to equity
1.43▼
2024 · 2.94
ROE
45.5%▲
2024 · 13.2%
ROA
18.7%▲
2024 · 3.3%
Interest coverage
12.47▲
2024 · 7.19
Debt ≤ 1 year
€25k▲
2024 · €24k
Debt > 1 year
€2k▼
2024 · €8k
Income taxes
€4k▲
2024 · €3k
Staff costs
€40k▼
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €27k | €34k | €40k | €42k | €40k | ▼ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | €6k | €8k | €7k | ▼ 5.3% |
| Other operating charges640/8 | €488 | €515 | €1k | €461 | €414 | ▼ 10.2% |
| Gross operating margin9900 | €32k | €47k | €56k | €57k | €62k | ▲ 10.5% |
| Operating profit (loss)9901 | €-3k | €7k | €9k | €7k | €15k | ▲ 129% |
| Financial income75/76B | €149 | - | - | - | €0 | - |
| Recurring financial income75 | €149 | - | - | - | €0 | - |
| Financial charges65/66B | €686 | €652 | €2k | €2k | €2k | ▼ 9.6% |
| Recurring financial charges65 | €686 | €652 | €2k | €2k | €2k | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €-3k | €6k | €8k | €5k | €13k | ▲ 188% |
| Income taxes67/77 | €64 | - | €1k | €3k | €4k | ▲ 38.1% |
| Profit (loss) for the period9904 | €-3k | €6k | €7k | €1k | €9k | ▲ 533% |
| Transfer from tax-exempt reserves789 | - | - | - | €9k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-3k | €6k | €7k | €10k | €9k | ▼ 11.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32k | €26k | €51k | €42k | €47k | ▲ 13.1% |
| Fixed assets21/28 | €8k | €8k | €30k | €22k | €19k | ▼ 14.7% |
| Tangible fixed assets22/27 | €8k | €8k | €30k | €22k | €19k | ▼ 14.7% |
| Plant, machinery and equipment23 | €8k | €7k | €9k | €6k | €8k | ▲ 29.6% |
| Furniture and vehicles24 | - | €742 | €555 | €367 | €179 | ▼ 51.1% |
| Leasing and similar rights25 | - | - | €21k | €16k | €11k | ▼ 30.7% |
| Current assets29/58 | €25k | €18k | €21k | €20k | €28k | ▲ 44.6% |
| Stocks and contracts in progress3 | €12k | €11k | €11k | €6k | €7k | ▲ 5.3% |
| Stocks30/36 | €12k | €11k | €11k | €6k | €7k | ▲ 5.3% |
| Amounts receivable within one year40/41 | - | - | €2k | €4k | €9k | ▲ 130% |
| Trade receivables40 | - | - | €2k | €4k | - | - |
| Other amounts receivable41 | - | - | - | €91 | €9k | ▲ 9,781% |
| Cash at bank and in hand54/58 | €13k | €8k | €7k | €8k | €12k | ▲ 53.9% |
| Deferred charges and accrued income490/1 | - | - | €1k | €2k | €677 | ▼ 55.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32k | €26k | €51k | €42k | €47k | ▲ 13.1% |
| Equity10/15 | €-3k | €3k | €9k | €11k | €19k | ▲ 83.4% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €11k | = |
| Reserves13 | €26k | €26k | €26k | €18k | €18k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Other1319 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €9k | €9k | €9k | - | - | - |
| Distributable reserves133 | €16k | €16k | €18k | €18k | €18k | = |
| Profit (loss) carried forward14 | €-41k | €-35k | €-28k | €-18k | €-10k | ▲ 48.2% |
| Amounts payable17/49 | €36k | €24k | €42k | €31k | €28k | ▼ 10.9% |
| Amounts payable after more than one year17 | - | - | €13k | €8k | €2k | ▼ 72.4% |
| Financial debts170/4 | - | - | €13k | €8k | €2k | ▼ 72.4% |
| Amounts payable within one year42/48 | €36k | €24k | €29k | €24k | €25k | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | €4k | - | €5k | €5k | €5k | ▲ 7.5% |
| Trade debts44 | €4k | €968 | €8k | €4k | €1k | ▼ 70.1% |
| Suppliers440/4 | €4k | €968 | €8k | €4k | €1k | ▼ 70.1% |
| Taxes, remuneration and social security45 | €7k | €10k | €10k | €14k | €18k | ▲ 23.8% |
| Taxes450/3 | €4k | €4k | €5k | €9k | €12k | ▲ 29.7% |
| Remuneration and social security454/9 | €3k | €5k | €5k | €5k | €6k | ▲ 13.8% |
| Other amounts payable47/48 | €20k | €13k | €7k | - | €661 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €554 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €6k | €7k | €1k | €9k | ▲ 533% |
| + Depreciation and write-downs630 | €7k | €6k | €6k | €8k | €7k | ▼ 5.3% |
| Operating cash flow (approximation) | €4k | €12k | €13k | €9k | €16k | ▲ 78.0% |
| Investment in fixed assets (approximation) | - | €-6k | €-28k | €0 | €-4k | ▼ 1,203,264% |
| Change in cash | - | €-5k | €-279 | €400 | €4k | ▲ 939% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
31-12
Financial
Highest result since 2018net €9k ▲533%
Operating result €15k, net result €9k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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
Registered office, Puurs-Sint-Amands · 1 establishment unit since 1975
Ground area
1,636 m²
Building footprint
231 m²
Volume, LiDAR
1,134 m³
Parcel 12022B0196/00P000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KAPSALON KRISTEL
since 19752.011.117.430
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12022B0196/00P000 | Flanders | 1,636 m² | 1 · 231 m² | 8.7 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 2 endedHaarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Show 2 ended approvals
Kapper (so)
Kapper-salonverantwoordelijke (so)
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Of 21,739 companies in sector 96210 we hold annual accounts for 2,827. 2,367 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-12-1970
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.