Active BE 0645.665.355Public limited company

SMITH-BELGIUM

Conservenweg 1C ·2940 Stabroek, Belgium· 10 yrs active

Sector: NACE 28250 (28250)

Conclusion Checked

The computed 12-month bankruptcy probability of SMITH-BELGIUM is 0.4% (very low). The 2024 annual accounts show equity of €1.11M and a net result of €442k. Equity is growing by ~50% per year across the filed fiscal years. Its solvency ranks better than 75% of 37 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€1.11M
Net result	€442k
Staff (FTE)	19.5
Better than sector	75%

Snowflake analysis 5 axes · computed by Checked

92 / 100

Exceptional profile — strong across almost every axis.

Health 100

Profitability 77

Solvency 99

Growth 85

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Annual accounts: healthy financial profile −

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Established

Founded in 2016 — 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

100 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 11-06-2025 with the NBB · fiscal year 2024 · verkort

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.

growing Equity: growth of ~50%/year over 7 fiscal years — indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 28 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	60.4%	25.4%	better than 75% of 37 sector peers
Net result	€442k	€594	better than 95% of 37 sector peers
Equity	€1.11M	€41k	better than 93% of 37 sector peers
Gross operating margin	€2.13M	€16k	better than 95% of 36 sector peers
Total assets	€1.84M	€237k	better than 90% of 37 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€5.18M

+19.6% 18–24

EBITDA

€650k

+59.6% +1453% vs sector

Net profit

€442k

+52.6% +2136% vs sector

Cash flow

€469k

+51.3% +1152% vs sector

Total assets

€1.84M

+32.3% +1317% vs sector

Equity

€1.11M

+61.3% +1355% vs sector

Working capital

€1.10M

+68.7% +2078% vs sector

Employees (FTE)

20

-6.3% +376% vs sector

Staff costs

€1.48M

+1.2% +893% vs sector

Income taxes

€178k

+87.4% +3388% vs sector

Dividends

€0

— 18–24

Debt

€729k

+3.9% +1262% vs sector

Debt ≤ 1y

€603k

-10.1% +2003% vs sector

Debt > 1y

€0

-100.0% -100% vs sector

Current ratio

2.83

+43.2% +65% vs sector

Quick ratio

2.83

+43.2% +65% vs sector

Solvency

60.4%

+21.9% +28% vs sector

Debt / equity

0.66

-35.6% -42% vs sector

ROE

39.7%

-5.4% -17% vs sector

ROA

24.0%

+15.4% +59% vs sector

Net margin

8.5%

+27.6% 18–24

EBITDA margin

12.6%

+33.5% 18–24

Interest coverage

59.42

-64.3% +225% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	€5.18M
EBITDA	€650k
Net profit	€442k
Cash flow	€469k
Staff costs	€1.48M
Income taxes	€178k
Dividends	—
Total assets	€1.84M
Equity	€1.11M
Debt	€729k
of which ≤ 1y	€603k
of which > 1y	—
Working capital	€1.10M
Employees (FTE)	19.5

Ratios (computed)

	2024
Current ratio	2.83
Quick ratio	2.83
Working capital ratio	59.8%
Solvency	60.4%
Debt / equity	0.66
Long-term debt ratio	—
Interest coverage	59.42
Gross margin	41.7%
Net margin	8.5%
ROA	24.0%
ROE	39.7%
EBITDA margin	12.6%
Days sales outstanding	97d
Days payable outstanding	43d
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2024

Assets

Fixed assets €136k · 7.4% Current assets €1.70M · 92.6%

Equity & liabilities

Equity €1.11M · 60.4% Debt €729k · 39.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet — Assets
TOTAL ASSETS	20/58	€1.84M
Fixed assets	21/28	€136k
Tangible fixed assets	22/27	€128k
Financial fixed assets	28	€8k
Current assets	29/58	€1.70M
Amounts receivable within one year	40/41	€1.45M
Cash & bank	54/58	€249k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.84M
Equity	10/15	€1.11M
Contributions / capital	10/11	€209k
Reserves	13	€481k
Accumulated profits (losses)	14	€422k
Amounts payable	17/49	€729k
Amounts payable within one year	42/48	€603k
Trade debts payable within one year	44	€356k
Income statement
Turnover	70	€5.18M
Gross operating margin	9900	€2.13M
Operating result	9901	€623k
Financial income	75	€8k
Financial charges	65	€11k
Result before taxes	9903	€620k
Income taxes	67/77	€178k
Net result for the period	9904	€442k
Result to be appropriated	9905	€442k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	28250
Legal form	Public limited company(014)
Incorporation	07-01-2016
Status	Active
Postal code	2940

Establishment units 1 location

Smith-Belgium NV

Conservenweg 1C, 2940 StabroekVervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik

since 20162.249.530.760

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11044C0115/00F000	Flanders	3,200 m²	1 · 492 m²	7.8 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 9 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

11-06-2025