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Smets Houtbedrijf

Active
Public limited companyfounded 1972active for 54 yearsKarreweg 54, 9870 Zulte, BelgiumKBO/BCE: BE 0411.961.473

From the official registers: KBO 49 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of Smets Houtbedrijf is 1.7% (moderate). The 2025 annual accounts show equity of €981,215 and a net result of -€641,161. Equity has been stable since 2018 (±0.8% per year). Its solvency ranks better than 37% of 2,445 sector peers (NACE 43, financial year 2025). The company has been active since 1972 and the Belgian Official Gazette contains no insolvency or warning signals.

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Smets HoutbedrijfActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 01-01-1972 Normal situation
Legal form
Public limited company
Registered office
Karreweg 54, 9870 Zulte
Activity
Joinery installation NACE 43320and 1 other
Establishment unit
2.007.067.580 9870 Zulte, since 01-01-1972
Financial year end
31 December
Peppol
Reachable
Company details

Board and ownership

Board
  • BIANSA INVEST BVDirector
  • Desmet BiekeDirector
Auditor
VRC BEDRIJFSREVISOREN BV
Shareholders
Board & ownership

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Annual accounts 2025
Turnover
€5.4m
▼ 21.6%
Loss
€641,161
▲ 180%
Equity
€981,215
▼ 39.5%
Total assets
€3.0m
▼ 28.7%
Staff
41.8 FTE
▼ 16.6%
2025 accounts filed 7 days before the deadline
Filed on 24-07-2026at the National Bank
Financials
Score breakdownraises riskLoss of €641,161, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.46, cash €214,410Size: turnover €5.4m, 41.8 FTE, total assets €3.0mShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 25% of small companies in specialised construction (NACE 43)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 58-6
equity 33.2% of total assets
Liquidity 42+6
short-term debt 36.7% · cash 7.3%
Profitability 3-32
return on assets -21.7%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.6%▲ +0.3 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.4%▼ -0.3 percentage points vs 06-2026 08-2026: 1.7%▲ +1.3 percentage points vs 07-2026highest value 09-2026: 1.7%● unchanged vs 08-2026highest value 10-2026: 1.7%● unchanged vs 09-2026highest value
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.46 (1.03 in 2024), below the usual 1.5. Short-term debt is 36.7% and cash 7.3% of total assets. 66.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 43% of them on solvency, 45% on liquidity, 4% on profitability and 9% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Loss of €641,161, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 1.46, cash €214,410
NBB · annual accounts
raises risk · Size: turnover €5.4m, 41.8 FTE, total assets €3.0m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€641,161
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
9 days early
2023
41 days early
2022
40 days early
2021
16 days early
2020
25 days early
2019
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from -€228,797 to -€641,161 ▼ 180% View
  • Caution: Lower net result than 95% of companies in specialised constructionsector median €42,866 · 2,446 companies -€641,161 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€641,161 View

Documents

Annual accounts at the NBB

All 49 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Smets Houtbedrijf

What is the company number of Smets Houtbedrijf?
The company number of Smets Houtbedrijf is 0411.961.473. The VAT number is the same number with BE in front: BE 0411.961.473.
Where is Smets Houtbedrijf based?
The registered office is at Karreweg 54, 9870 Zulte.Company details
What does Smets Houtbedrijf do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of Smets Houtbedrijf?
The legal form of Smets Houtbedrijf is Public limited company (NV).
When was Smets Houtbedrijf founded?
Smets Houtbedrijf was founded on 01-01-1972.
Is Smets Houtbedrijf still active?
Yes, Smets Houtbedrijf is an active enterprise in the KBO register.
How many employees does Smets Houtbedrijf have?
Smets Houtbedrijf had an average of 41.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Smets Houtbedrijf?
The turnover of Smets Houtbedrijf was €5.4m in financial year 2025, according to the filed annual accounts.
Is Smets Houtbedrijf profitable?
In financial year 2025, Smets Houtbedrijf made a loss of €641,161.
Where can I find the annual accounts of Smets Houtbedrijf?
Smets Houtbedrijf filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Smets Houtbedrijf due?
Smets Houtbedrijf must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to Smets Houtbedrijf

Comparable companies

These companies have the same main activity as Smets Houtbedrijf: joinery installation (NACE 43320). They are comparable in size and age: total assets between €4.5m and €6.2m, founded between 1971 and 1990.

CompanyTotal assetsTurnover
Smets Houtbedrijf Zulte€3.0m€5.4m
RAMACO Eeklo€4.9m€10.1m
Vrebos Systems Overijse€4.5m€12.1m
Chassis Norma Namur€5.5m€7.2m
PAUWELS Ninove€6.2m€5.4m
VERANCO Sint-Niklaas€4.9m€11.2m
NOVO INTERIEUR & BOUW Merelbeke-Melle€5.4m€13.2m
Full comparison

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check

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