Smeyers
ActiveSmeyers has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.90M and a net result of €284k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 296 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
67
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51=
Solvency40▼-4
Growth85=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.97 in 2024), and 73.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
26.1%
Return on assets
2.6%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
42 d early
2023
36 d early
2022
32 d early
2021
33 d early
2020
37 d early
2019
25 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€18.49M▲ 0.9%
2024 · €18.32M
2018: €6.20M
2019: €6.38M
2020: €7.15M
2023: €15.73M
2024: €18.32M
2018 → 2025
EBIT margin
3.3%▼ 0.1pp
2024 · 3.4%
2018: 4.1%
2019: -1.1%
2020: 5.0%
2023: 5.1%
2024: 3.4%
2018 → 2025
Net result
€284k▲ 12.9%
2024 · €252k
2018: €162k
2019: €-82k
2020: €247k
2021: €-85k
2022: €-182k
2023: €504k
2024: €252k
2018 → 2025
Working capital
€-60k▲ 63.8%
2024 · €-167k
2018: €457k
2019: €315k
2020: €588k
2021: €41k
2022: €93k
2023: €-391k
2024: €-167k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€15.73M€18.32M▲ 16.5%€18.49M▲ 0.9%
Equity€1.04M-€856k▼ 17.5%€2.36M▲ 176%€2.61M▲ 10.7%€2.90M▲ 10.9%
Operating result€-44k-€-100k▼ 128%€808k€623k▼ 22.9%€609k▼ 2.3%
Net result€-85k-€-182k▼ 115%€504k€252k▼ 50.0%€284k▲ 12.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.12M
Fixed assets
€4.99M▲ 26.7%
Current assets
€6.12M▲ 17.8%
Equity and liabilities €11.12M
Equity
€2.90M▲ 10.9%
Provisions
€96k▲ 28.2%
Debt
€8.12M▲ 25.9%
The debt ratio rises from 70.6% to 73.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€2.61M▼
2024 · €2.71M
Cash flow
€2.29M▼
2024 · €2.34M
Solvency
26.1%▼
2024 · 28.6%
Current ratio
0.99▲
2024 · 0.97
Quick ratio
0.92▲
2024 · 0.87
Debt / equity
2.80▲
2024 · 2.47
ROE
9.8%▲
2024 · 9.6%
ROA
2.6%▼
2024 · 2.8%
Interest coverage
11.85▲
2024 · 11.65
Debt
€8.12M▲
2024 · €6.45M
Debt ≤ 1 year
€6.18M▲
2024 · €5.36M
Debt > 1 year
€1.24M▲
2024 · €538k
Income taxes
€98k▼
2024 · €140k
Staff costs
€5.09M▲
2024 · €4.82M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.14M€11.12M▲
Fixed assets21/28€3.94M€4.99M▲
Intangible fixed assets21€57k€43k▼
Tangible fixed assets22/27€3.85M€4.85M▲
Land and buildings22€41k€41k=
Plant, machinery and equipment23€1.97M€2.33M▲
Furniture and vehicles24€529k€655k▲
Leasing and similar rights25€1.31M€1.82M▲
Financial fixed assets28€36k€105k▲
Other financial fixed assets284/8€36k€105k▲
Amounts receivable and cash guarantees285/8€36k€105k▲
Current assets29/58€5.20M€6.12M▲
Stocks and contracts in progress3€514k€446k▼
Stocks30/36€514k€446k▼
Raw materials and consumables30/31€514k€446k▼
Amounts receivable within one year40/41€4.57M€5.15M▲
Trade receivables40€4.16M€4.89M▲
Other amounts receivable41€403k€257k▼
Cash at bank and in hand54/58€1k€428k▲
Deferred charges and accrued income490/1€113k€101k▼
Equity and liabilities
Total equity and liabilities10/49€9.14M€11.12M▲
Equity10/15€2.61M€2.90M▲
Contributions10/11€1.55M€1.55M=
Capital10€1.55M€1.55M=
Issued capital100€1.55M€1.55M=
Reserves13€1.06M€1.35M▲
Non-distributable reserves130/1€93k€104k▲
Legal reserve130€93k€104k▲
Tax-exempt reserves132-€63k
Distributable reserves133€969k€1.18M▲
Provisions and deferred taxes16€75k€96k▲
Provisions for liabilities and charges160/5€75k€75k=
Other liabilities and charges164/5€75k€75k=
Deferred taxes168-€21k
Amounts payable17/49€6.45M€8.12M▲
Amounts payable after more than one year17€538k€1.24M▲
Financial debts170/4€538k€1.24M▲
Leasing and similar obligations172€532k€1.24M▲
Credit institutions173€6k-
Amounts payable within one year42/48€5.36M€6.18M▲
Current portion of amounts payable after more than one year42€756k€434k▼
Financial debts43€2.04M€3.40M▲
Other loans439€2.04M€3.40M▲
Trade debts44€2.07M€1.81M▼
Suppliers440/4€2.07M€1.81M▼
Taxes, remuneration and social security45€493k€538k▲
Taxes450/3€866€930▲
Remuneration and social security454/9€492k€537k▲
Accrued charges and deferred income492/3€550k€700k▲
Income statement
Code20242025
Operating income70/76A€18.67M€18.87M▲
Turnover70€18.32M€18.49M▲
Other operating income74€344k€271k▼
Non-recurring operating income76A-€107k
Operating charges60/66A€18.04M€18.26M▲
Goods for resale, raw materials and consumables60€6.76M€7.07M▲
Purchases600/8€6.71M€7.00M▲
Change in stocks: decrease (increase)609€46k€68k▲
Services and other goods61€4.28M€4.14M▼
Remuneration, social security and pensions62€4.82M€5.09M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.08M€2.00M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-12k€-79k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€75k-
Other operating charges640/8€40k€37k▼
Operating profit (loss)9901€623k€609k▼
Financial income75/76B€6k€21k▲
Recurring financial income75€6k€21k▲
Income from financial fixed assets750-€839
Income from current assets751€2k€6k▲
Other financial income752/9€4k€14k▲
Financial charges65/66B€237k€227k▼
Recurring financial charges65€237k€227k▼
Debt charges650€232k€220k▼
Other financial charges652/9€5k€6k▲
Profit (loss) for the period before taxes9903€392k€404k▲
Transfer from deferred taxes780-€3k
Transfer to deferred taxes680-€24k
Income taxes67/77€140k€98k▼
Taxes670/3€147k€98k▼
Tax adjustments and reversals of tax provisions77€7k-
Profit (loss) for the period9904€252k€284k▲
Transfer from tax-exempt reserves789-€9k
Transfer to tax-exempt reserves689-€73k
Profit (loss) for the period to be appropriated9905€252k€221k▼
Appropriation of the result
Profit (loss) to be appropriated9906€252k€221k▼
Transfer to equity691/2€252k€221k▼
To the legal reserve6920€13k€11k▼
To other reserves6921€239k€210k▼
Social balance
Average headcount (FTE)908756.862.0▲
The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €504k
Net result €504k after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.36M ▲176%
Equity rises from €856k to €2.36M.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-182k
Net result drops to €-182k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €247k
Net result €247k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Stabroek · 4 establishment units since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Laageind 912940 StabroekGround area
10.3 ha
Building footprint
1.2 ha
Volume, LiDAR
21,423 m³
5 parcels, Flanders · tallest building 15.1 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
Bruggestraat 16, 2240 Zandhoven
since 19892.044.040.418
Oostmolenstraat 136, 9880 Aalter
since 20232.359.874.396
Industrielaan 102, 3730 Bilzen-Hoeselt
since 20242.363.392.429
Smeyers NV
since 20262.389.395.555
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044C0025/00G000 | Flanders | 5.1 ha | 1 · 9,238 m² | - |
| 12392A0292/00H000 | Flanders | 3.2 ha | 1 · 840 m² | 9.0 m · 2 fl. |
| 73032C0030/00F000 | Flanders | 8,009 m² | 1 · 1,294 m² | 9.9 m · 3 fl. |
| 11054C0204/00N004 | Flanders | 8,003 m² | 1 · 610 m² | 15.1 m · 1 fl. |
| 44001B0538/00H000 | Flanders | 4,471 m² | 1 · 219 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels 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
2023 to 2025 · 8 entries · 80,100 EUR awarded · 66,499 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 6,943 EUR | 6,943 EUR |
| 2024 | 2 | 2,556 EUR | 29,556 EUR |
| 2023 | 2 | 70,601 EUR | 30,000 EUR |
Schemes
Ontwikkelingsproject
Individueel Maatwerk
Vlaams opleidingsverlof (VOV)
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Recognised contractor
2 categoriesSmeyers NV27023
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Of 2,316 companies in sector 42110 we hold annual accounts for 1,087. 476 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-06-1989
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
43120Site preparation
45112
45230
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.