SMITS
ActiveThe file of SMITS contains 1 judicial reorganisation, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 4.9% (elevated). The 2025 annual accounts show equity of €546k and a net result of €94k. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 7892 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-14
Solvency21▼-4
Growth78=
Stability60
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.11 in 2024), and 86.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
13.7%
Return on assets
2.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7892 sector peers (2025).
NBB · sector comparisonPosition among 7892 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
21 d early
2023
on the day
2022
25 d early
2021
95 d late
2020
82 d early
2019
106 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€546k▼ 9.3%
2024 · €602k
2018: €-679k
2019: €-379k
2020: €169k
2021: €367k
2022: €552k
2023: €716k
2024: €602k
2018 → 2025
Total assets
€4.00M▲ 10.1%
2024 · €3.63M
2018: €1.73M
2019: €1.06M
2020: €1.38M
2021: €1.73M
2022: €2.31M
2023: €2.93M
2024: €3.63M
2018 → 2025
Net result
€94k▼ 49.6%
2024 · €187k
2018: €-878k
2019: €300k
2020: €548k
2021: €197k
2022: €336k
2023: €263k
2024: €187k
2018 → 2025
Working capital
€112k▼ 64.1%
2024 · €313k
2018: €-1.10M
2019: €253k
2020: €481k
2021: €386k
2022: €495k
2023: €512k
2024: €313k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€367k-€552k▲ 50.7%€716k▲ 29.6%€602k▼ 15.9%€546k▼ 9.3%
Operating result€190k-€371k▲ 95.0%€386k▲ 4.2%€305k▼ 21.0%€176k▼ 42.4%
Net result€197k-€336k▲ 70.1%€263k▼ 21.5%€187k▼ 29.2%€94k▼ 49.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.00M
Fixed assets
€824k▲ 51.0%
Current assets
€3.18M▲ 2.9%
Equity and liabilities €4.00M
Equity
€546k▼ 9.3%
Debt
€3.46M▲ 14.0%
The debt ratio rises from 83.4% to 86.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€375k▼
2024 · €435k
Cash flow
€293k▼
2024 · €316k
Solvency
13.7%▼
2024 · 16.6%
Current ratio
1.04▼
2024 · 1.11
Quick ratio
0.92▼
2024 · 1.01
Debt / equity
6.33▲
2024 · 5.03
ROE
17.2%▼
2024 · 31.0%
ROA
2.3%▼
2024 · 5.1%
Interest coverage
8.57▼
2024 · 11.58
Debt
€3.46M▲
2024 · €3.03M
Debt ≤ 1 year
€3.07M▲
2024 · €2.78M
Debt > 1 year
€387k▲
2024 · €257k
Income taxes
€38k▼
2024 · €81k
Staff costs
€715k▼
2024 · €960k
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€3.63M€4.00M▲
Fixed assets21/28€546k€824k▲
Intangible fixed assets21€11k€23k▲
Tangible fixed assets22/27€530k€796k▲
Plant, machinery and equipment23€121k€201k▲
Furniture and vehicles24€22k€71k▲
Leasing and similar rights25€286k€306k▲
Other tangible fixed assets26€100k€218k▲
Financial fixed assets28€5k€5k▲
Current assets29/58€3.09M€3.18M▲
Amounts receivable after more than one year29€12k€6k▼
Trade receivables290€12k-
Other amounts receivable291-€6k
Stocks and contracts in progress3€286k€369k▲
Stocks30/36€286k€369k▲
Amounts receivable within one year40/41€1.64M€2.15M▲
Trade receivables40€1.43M€1.69M▲
Other amounts receivable41€214k€468k▲
Current investments50/53€0-
Cash at bank and in hand54/58€1.14M€570k▼
Deferred charges and accrued income490/1€10k€78k▲
Equity and liabilities
Total equity and liabilities10/49€3.63M€4.00M▲
Equity10/15€602k€546k▼
Contributions10/11€143k€143k=
Reserves13€460k€404k▼
Tax-exempt reserves132€11k€11k=
Distributable reserves133€448k€392k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€3.03M€3.46M▲
Amounts payable after more than one year17€257k€387k▲
Financial debts170/4€257k€387k▲
Amounts payable within one year42/48€2.78M€3.07M▲
Current portion of amounts payable after more than one year42€114k€154k▲
Financial debts43€145k€180k▲
Credit institutions430/8€145k€164k▲
Other loans439-€16k
Trade debts44€1.54M€1.94M▲
Suppliers440/4€1.54M€1.94M▲
Taxes, remuneration and social security45€195k€115k▼
Taxes450/3€32k€9k▼
Remuneration and social security454/9€163k€106k▼
Other amounts payable47/48€783k€678k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€960k€715k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€199k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-900€6k▲
Other operating charges640/8€16k€5k▼
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€1.41M€1.10M▼
Operating profit (loss)9901€305k€176k▼
Financial income75/76B€293€0▼
Recurring financial income75€293€0▼
Financial charges65/66B€38k€44k▲
Recurring financial charges65€38k€44k▲
Profit (loss) for the period before taxes9903€268k€132k▼
Income taxes67/77€81k€38k▼
Profit (loss) for the period9904€187k€94k▼
Profit (loss) for the period to be appropriated9905€187k€94k▼
Appropriation of the result
Profit (loss) to be appropriated9906€187k€94k▼
Transfer from equity791/2€300k€150k▼
Transfer to equity691/2€187k€94k▼
To other reserves6921€187k€94k▼
Profit to be distributed694/7€300k€150k▼
Return on contributions (dividend)694€300k€150k▼
Social balance
Average headcount (FTE)908714.311.1▼
The notes to these accounts (19 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €552k ▲50.7%
4 profitable years in a row build equity to €552k.
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 95 days late
2021
31-12
Financial
Equity above €200kEq €367k ▲117%
3 profitable years in a row build equity to €367k.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €548k ▲82.5%
Operating result €588k, net result €548k, both a record.
31-12
Financial
Equity above €150kEq €169k
2 profitable years in a row build equity to €169k.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €300k
Net result €300k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.34
Current ratio from 0.40 to 1.34; short-term debt falls from €1.84M to €751k.
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
29-03
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · 20180010 · event 25-03-2019
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
VITALFOODS
CurrentDirector · since 24-04-2023 · Private limited company · perm. rep.: CALLE Stefan
24-04-2023
Appointed as Director
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 1985
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.
Industriepark 382220 Heist-op-den-BergGround area
5,984 m²
Building footprint
925 m²
Volume, LiDAR
3,954 m³
Parcel 12014K0469/00C000, Flanders · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industriepark 38, 2220 Heist-op-den-Berg
since 19852.026.537.955
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0469/00C000 | Flanders | 5,984 m² | 1 · 925 m² | 5.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 to 2025 · 5 entries · 10,105 EUR awarded · 10,105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,013 EUR | 1,013 EUR |
| 2024 | 1 | 273 EUR | 273 EUR |
| 2023 | 2 | 2,912 EUR | 2,912 EUR |
| 2022 | 1 | 5,907 EUR | 5,907 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHeist-op-den-Berg2.026.537.955
Similar companies · same sector, comparable size
BENS Deli
BE 0456.684.809
Wommelgem · Eq €546k
FERME SIMON
BE 0780.669.064
Genappe · Eq €542k
PROTELUX
BE 0413.187.633
Bertrix · Eq €555k
'T HOUTLANDT
BE 0440.440.277
Koekelare · Eq €567k
FIJNE VLEESWARENFABRIEK LE COCHON D'OR
BE 0418.238.660
Asse · Eq €495k
Of 326 companies in sector 10130 we hold annual accounts for 230. 155 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1985
Fiscal year end31-12
Activities, NACEBEL
10130Manufacture of food products
15131
46322Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.