SMIDESIGN
ActiveSummary
SMIDESIGN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+19
Solvency64▲+14
Growth63▲+19
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.8 in 2024; short-term debt: 33.6% of total assets), and 60.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
39.2%
Return on assets
12.9%
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 €37k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
25 d early
2023
23 d early
2022
31 d early
2021
10 d early
2020
16 d late
2019
90 d late
← 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, abbreviated schema
Turnover
€196k▲ 11.4%
2024 · €176k
2019: €190k
2020: €13k▼ -93.2% vs 2019lowest in 7 years
2021: €133k▲ +935% vs 2020
2022: €196k▲ +46.7% vs 2021
2023: €193k▼ -1.4% vs 2022
2024: €176k▼ -8.6% vs 2023
2025: €196k▲ +11.4% vs 2024highest in 7 years
2019 → 2025
EBIT margin
13.2%▲ 10.5pp
2024 · 2.8%
2019: 1.6%
2020: -165.6%▼ -10171% vs 2019lowest in 7 years
2021: -1.6%▲ +99.0% vs 2020
2022: 10.2%▲ +739% vs 2021
2023: 16.5%▲ +62.1% vs 2022highest in 7 years
2024: 2.8%▼ -83.3% vs 2023
2025: 13.2%▲ +380% vs 2024
2019 → 2025
Net result
€12k▲ 50,521%
2024 · €24
2018: €10k
2019: €-9k▼ -192% vs 2018
2020: €-15k▼ -58.6% vs 2019lowest in 8 years
2021: €-4k▲ +74.2% vs 2020
2022: €17k▲ +557% vs 2021
2023: €22k▲ +28.6% vs 2022highest in 8 years
2024: €24▼ -99.9% vs 2023
2025: €12k▲ +50521% vs 2024
2018 → 2025
Working capital
€1k
2024 · €-9k
2018: €4k
2019: €-9k▼ -344% vs 2018
2020: €-21k▼ -144% vs 2019
2021: €-23k▼ -7.6% vs 2020lowest in 8 years
2022: €-2k▲ +93.0% vs 2021
2023: €7k▲ +559% vs 2022highest in 8 years
2024: €-9k▼ -226% vs 2023
2025: €1k▲ +112% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€133k-€196k▲ 46.7%€193k▼ 1.4%€176k▼ 8.6%€196k▲ 11.4%
2021: €133klowest in 5 years
2022: €196k▲ +46.7% vs 2021
2023: €193k▼ -1.4% vs 2022
2024: €176k▼ -8.6% vs 2023
2025: €196k▲ +11.4% vs 2024highest in 5 years
Equity€-15k-€2k€25k▲ 915%€25k▲ 0.1%€37k▲ 49.2%
2021: €-15klowest in 5 years
2022: €2k▲ +116% vs 2021
2023: €25k▲ +915% vs 2022
2024: €25k▲ +0.1% vs 2023
2025: €37k▲ +49.2% vs 2024highest in 5 years
Operating result€-2k-€20k€32k▲ 59.7%€5k▼ 84.7%€26k▲ 435%
2021: €-2klowest in 5 years
2022: €20k▲ +1037% vs 2021
2023: €32k▲ +59.7% vs 2022highest in 5 years
2024: €5k▼ -84.7% vs 2023
2025: €26k▲ +435% vs 2024
Net result€-4k-€17k€22k▲ 28.6%€24▼ 99.9%€12k▲ 50,521%
2021: €-4klowest in 5 years
2022: €17k▲ +557% vs 2021
2023: €22k▲ +28.6% vs 2022highest in 5 years
2024: €24▼ -99.9% vs 2023
2025: €12k▲ +50521% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 435% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94k
Fixed assets
€61k ▲ 1.4%
Current assets
€33k ▼ 10.5%
Equity and liabilities €94k
Equity
€37k ▲ 49.2%
Debt
€57k ▼ 20.9%
Debt's share of the balance-sheet total falls from 74.5% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42k▲
2024 · €15k
Cash flow
€28k▲
2024 · €10k
Current ratio
1.04▲
2024 · 0.80
Debt to equity
1.55▼
2024 · 2.93
ROE
33.0%▲
2024 · 0.1%
ROA
12.9%▲
2024 · 0.0%
Interest coverage
4.45▼
2024 · 5.68
Debt ≤ 1 year
€32k▼
2024 · €46k
Debt > 1 year
€26k▼
2024 · €26k
Income taxes
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€97k€94k▼
Fixed assets21/28€60k€61k▲
Tangible fixed assets22/27€60k€61k▲
Plant, machinery and equipment23€20k€26k▲
Furniture and vehicles24€40k€35k▼
Current assets29/58€37k€33k▼
Amounts receivable within one year40/41€29k€33k▲
Trade receivables40€13k€21k▲
Other amounts receivable41€16k€11k▼
Cash at bank and in hand54/58€7k-
Deferred charges and accrued income490/1-€1
Equity and liabilities
Total equity and liabilities10/49€97k€94k▼
Equity10/15€25k€37k▲
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€3k€15k▲
Amounts payable17/49€72k€57k▼
Amounts payable after more than one year17€26k€26k▼
Financial debts170/4€26k€26k▼
Amounts payable within one year42/48€46k€32k▼
Financial debts43€9k€8k▼
Credit institutions430/8€9k€8k▼
Trade debts44€19k€7k▼
Suppliers440/4€19k€7k▼
Taxes, remuneration and social security45€17k€16k▼
Taxes450/3€17k€16k▼
Accrued charges and deferred income492/3€1-
Income statement
Code20242025
Turnover70€176k€196k▲
Non-recurring operating income76A€3k€2k▼
Goods, raw materials, services and sundry goods60/61€163k€154k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€16k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€17k€44k▲
Operating profit (loss)9901€5k€26k▲
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€2k€17k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€24€12k▲
Profit (loss) for the period to be appropriated9905€24€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€15k▲
Profit (loss) brought forward from the previous period14P€3k€3k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €133k | €196k | €193k | €176k | €196k | ▲ 11.4% |
| Non-recurring operating income76A | - | €4k | €3k | €3k | €2k | ▼ 42.2% |
| Goods, raw materials, services and sundry goods60/61 | €131k | €175k | €155k | €163k | €154k | ▼ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €2k | €4k | €10k | €16k | ▲ 66.2% |
| Other operating charges640/8 | €679 | €2k | €4k | €2k | €2k | ▼ 14.4% |
| Gross operating margin9900 | €2k | €24k | €40k | €17k | €44k | ▲ 163% |
| Operating profit (loss)9901 | €-2k | €20k | €32k | €5k | €26k | ▲ 435% |
| Financial income75/76B | - | €7 | €96 | - | - | - |
| Recurring financial income75 | - | €7 | €96 | - | - | - |
| Non-recurring financial income76B | - | €7 | €96 | - | - | - |
| Financial charges65/66B | €1k | €1k | €2k | €3k | €9k | ▲ 269% |
| Recurring financial charges65 | €1k | €1k | €2k | €3k | €9k | ▲ 269% |
| Profit (loss) for the period before taxes9903 | €-3k | €19k | €30k | €2k | €17k | ▲ 621% |
| Income taxes67/77 | €451 | €1k | €8k | €2k | €4k | ▲ 92.5% |
| Profit (loss) for the period9904 | €-4k | €17k | €22k | €24 | €12k | ▲ 50,521% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €17k | €22k | €24 | €12k | ▲ 50,521% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55k | €34k | €54k | €97k | €94k | ▼ 3.1% |
| Fixed assets21/28 | €8k | €4k | €17k | €60k | €61k | ▲ 1.4% |
| Tangible fixed assets22/27 | €4k | €4k | €17k | €60k | €61k | ▲ 1.4% |
| Plant, machinery and equipment23 | €2k | €626 | €5k | €20k | €26k | ▲ 27.2% |
| Furniture and vehicles24 | €3k | €3k | €13k | €40k | €35k | ▼ 11.8% |
| Financial fixed assets28 | €4k | - | - | - | - | - |
| Current assets29/58 | €47k | €30k | €37k | €37k | €33k | ▼ 10.5% |
| Amounts receivable within one year40/41 | €47k | €19k | €31k | €29k | €33k | ▲ 12.1% |
| Trade receivables40 | €47k | €19k | €17k | €13k | €21k | ▲ 63.5% |
| Other amounts receivable41 | - | - | €14k | €16k | €11k | ▼ 29.2% |
| Cash at bank and in hand54/58 | - | €11k | €6k | €7k | - | - |
| Deferred charges and accrued income490/1 | - | - | €1 | - | €1 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55k | €34k | €54k | €97k | €94k | ▼ 3.1% |
| Equity10/15 | €-15k | €2k | €25k | €25k | €37k | ▲ 49.2% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Capital10 | €20k | €20k | €20k | €20k | €20k | = |
| Issued capital100 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-37k | €-20k | €3k | €3k | €15k | ▲ 455% |
| Amounts payable17/49 | €70k | €32k | €29k | €72k | €57k | ▼ 20.9% |
| Amounts payable after more than one year17 | - | - | - | €26k | €26k | ▼ 3.3% |
| Financial debts170/4 | - | - | - | €26k | €26k | ▼ 3.3% |
| Amounts payable within one year42/48 | €70k | €32k | €29k | €46k | €32k | ▼ 31.1% |
| Financial debts43 | €2k | - | - | €9k | €8k | ▼ 12.0% |
| Credit institutions430/8 | €2k | - | - | €9k | €8k | ▼ 12.0% |
| Trade debts44 | €12k | €9k | €10k | €19k | €7k | ▼ 61.6% |
| Suppliers440/4 | €12k | €9k | €10k | €19k | €7k | ▼ 61.6% |
| Advances received on contracts in progress46 | €29k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €22k | €22k | €19k | €17k | €16k | ▼ 8.0% |
| Taxes450/3 | €13k | €19k | €19k | €17k | €16k | ▼ 8.0% |
| Remuneration and social security454/9 | €9k | €3k | - | - | - | - |
| Other amounts payable47/48 | €4k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €1 | - | - | €1 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €17k | €22k | €24 | €12k | ▲ 50,521% |
| + Depreciation and write-downs630 | €4k | €2k | €4k | €10k | €16k | ▲ 66.2% |
| Operating cash flow (approximation) | €119 | €19k | €26k | €10k | €28k | ▲ 190% |
| Investment in fixed assets (approximation) | - | €2k | €-17k | €-53k | €-17k | ▲ 67.8% |
| Change in cash | - | - | €-5k | €2k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €22k ▲28.6%
Operating result €32k, net result €22k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after 3 loss-making years.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 10 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2004
Ground area
1.7 ha
Building footprint
2,294 m²
Volume, LiDAR
34,707 m³
2 parcels, Flanders · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
sMIdESIGN
since 20042.134.707.902
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1490/00Z000 | Flanders | 1.4 ha | 1 · 10 m² | 0.5 m |
| 11807G1304/00X003 | Flanders | 2,284 m² | 1 · 2,284 m² | 20.7 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 4,633 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
Founded19-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.