Financials
- Fiscal year
- 2026
- Total assets
- €4.3m
- Profit
- €505,498
- Solvency
- 58.6%
Total assets▼ 2.5%
Net result
20192026
SMEVAGO
ActiveSummary
SMEVAGO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.5m and a net result of €505,498. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 60 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of machinery and equipment not elsewhere classified NACE 28110
#9 company by staff growth in the province of Antwerp, Fabricated metal products sector1 site
Size
€4.3mtotal assets 2026
- Staff
- 28.5 FTE
- Equity
- €2.5m
- Profit
- €505,498
Turnover not published (abridged schema)
Structure
- Holdings
- 1
Accounts 150 d early2 of 11 deeds read
Why 97+ Size: 28.5 FTE, total assets €4.3m+ Founded in 2005+ Equity €2.5m (58.6% of total assets)+ Liquidity: current ratio 1.70, cash €595,470Show the evidence
Checked score
Score 2026
97
/ 100
Excellent
Probability in this band: under 0.55%
Better than 75% of its sector peers (NACE 25, small)
Performance against the sector, not lower risk
Financial strength · tick = 2025
Strong
Solvency
84+9
equity 58.6% of total assets
Liquidity
60+1
short-term debt 22.2% · cash 14.0%
Profitability
84-2
return on assets 11.9%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● 0.0% vs 11-2024
01-2025: 0.1%● 0.0% vs 12-2024
02-2025: 0.1%● 0.0% vs 01-2025
03-2025: 0.1%● 0.0% vs 02-2025
04-2025: 0.1%● 0.0% vs 03-2025
05-2025: 0.1%● 0.0% vs 04-2025
06-2025: 0.1%▼ -3.5% vs 05-2025
07-2025: 0.1%▲ +13.4% vs 06-2025highest value
08-2025: 0.1%▼ -37.6% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%● 0.0% vs 03-2026
05-2026: 0.1%● 0.0% vs 04-2026
06-2026: 0.1%● 0.0% vs 05-2026
07-2026: < 0.1%▼ -17.2% vs 06-2026lowest value
08-2026: < 0.1%● 0.0% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Size: 28.5 FTE, total assets €4.3m lowers the probability for this profile
- Founded in 2005 lowers the probability for this profile
- Equity €2.5m (58.6% of total assets) lowers the probability
- Liquidity: current ratio 1.70, cash €595,470 lowers the probability
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.65 in 2025; short-term debt: 22.2% and cash: 14% of total assets), and 41.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, small). Better than this share of them on solvency 70%, liquidity 74%, profitability 82%, growth against the median 75%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-06-2026, 150 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
150 d early
2025
120 d early
2024
118 d early
2023
127 d early
2022
75 d early
2021
129 d early
2020
122 d 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 120 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-03-2027 close31-10-2027 deadline
- General meeting · MergerDeclaration · Share issue ·…
- RestructuringIncorporation · Statutes amendment ·…
- Annual accounts filedfiscal year 2026 · abbreviated…
Key points
- Positive: Among the best 11% on equitysector median €381,723 · 60 companies €2.5m View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2026: €505,498 8 years View
- Branch transferred to SMEGO NEWCOcontribution on 18-05-2026 2026 View
- Flemish supportawarded 2022 - 2025 €53,678 View
By topic
Network & group
- Subsidiaries
- 1
- Mergers and contributions
- 1
1 subsidiary
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-10-2027
- 30-09-2026General meeting · Merger
- 03-06-2026Restructuring
- 03-06-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110
- Founded
- 05-04-2005
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 4
- Purpose
- Smeedwerken, metalen schrijnwerk, metalen dakbedekkingen en zinkwerk, algemene aannemingen…
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