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SMITS

Active
Private limited companyfounded 1985active for 41 yearsIndustriepark 38, 2220 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0426.838.404

The file of SMITS contains 3 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 0.9% (low). The 2025 annual accounts show equity of €546,359 and a net result of €93,932. Equity is growing by about 33% per year across the filed financial years. Its solvency ranks better than 21% of 9,797 sector peers (NACE 46, financial year 2025).

Risk analysisFollow ReportCompare
SMITSActiveChecked score 66/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46322Manufacture of food products NACE 10130
1 site
Size
≈ €4.8mturnover 2025, estimated
Staff
11.1 FTE
Equity
€546,359
Profit
€93,932
Turnover estimated from the gross margin
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Parent
VITALFOODS · 80%
  • VITALFOODSDirector · permanent representative CALLE Stefan
2025 accounts filed 25 days late1 of 9 deeds summarised
Why 66raises riskJudicial reorganisation on record (3 publications, latest 29-03-2019)Equity €546,359 (13.7% of total assets)lowers riskFounded in 1985Liquidity: current ratio 1.04, cash €569,668Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 30% of its sector peers (NACE 46, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 39-3
equity 13.7% of total assets
Liquidity 26-22
short-term debt 76.6% · cash 14.2%
Profitability 72-3
return on assets 2.3%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,374 companies, NACE 46, small)
Last 24 months 11-2024: 2.4% 12-2024: 2.4%● unchanged vs 11-2024 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.4%● unchanged vs 01-2025 03-2025: 2.8%▲ +0.4 percentage points vs 02-2025 04-2025: 2.7%▼ -0.1 percentage points vs 03-2025 05-2025: 2.7%● unchanged vs 04-2025 06-2025: 2.7%● unchanged vs 05-2025 07-2025: 3.4%▲ +0.7 percentage points vs 06-2025highest value 08-2025: 0.5%▼ -2.9 percentage points vs 07-2025lowest value 09-2025: 0.5%● unchanged vs 08-2025lowest value 10-2025: 0.5%● unchanged vs 09-2025lowest value 11-2025: 0.5%● unchanged vs 10-2025lowest value 12-2025: 0.5%● unchanged vs 11-2025lowest value 01-2026: 0.5%● unchanged vs 12-2025lowest value 02-2026: 0.5%● unchanged vs 01-2026lowest value 03-2026: 0.6%▲ +0.1 percentage points vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.7 percentage points vs 07-2026 09-2026: 0.9%▼ -0.4 percentage points vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026
Credit of up to €35,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file
Liquidity tight (current ratio 1.04, compared with 1.11 in 2024, below the usual 1.5; short-term debt: 76.6% and cash: 14.2% of total assets), and 86.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 15% on solvency, 24% on liquidity, 64% on profitability and 18% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Judicial reorganisation on record (3 publications, latest 29-03-2019)
Belgian Official Gazette
raises risk · Equity €546,359 (13.7% of total assets)
NBB · annual accounts
lowers risk · Founded in 1985
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.04, cash €569,668
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9797 sector peers (2025).
NBB · sector comparison
Position among 9797 sector peers
Solvency
better than 21%
← 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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
25 days late
2024
21 days early
2023
on the day
2022
25 days early
2021
95 days late
2020
82 days early
2019
106 days 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 16 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Caution: Result fell in 2025from €186,519 to €93,932 ▼ 49.6% View
  • Controlled by VITALFOODS 80% View
  • Positive: 7 profitable years in a rowprofit 2025: €93,932 7 years View
  • Among the largest 12% on gross marginsector median €191,126 · 9,760 companies €1.1m View

By topic

Financials

Financial year
2025
Total assets
€4.0m
Profit
€93,932
Solvency
13.7%
Total assets▲ 10.1%
Net result
20182025
Go to Financials

Timeline

Events
51
Since
1986
Next accounts
by 31-07-2027
  1. 06-07-2023Annual accounts filed
  2. 24-04-2023Resignation: VITALFOODS (manager)
  3. 31-12-2022Equity above €500,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46322
Founded
01-01-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about SMITS

What is the company number of SMITS?
0426.838.404. In Belgium the VAT number is the company number with BE in front: BE 0426.838.404.
Where is SMITS based?
The registered office is at Industriepark 38, 2220 Heist-op-den-Berg.Company details
What does SMITS do?
According to the KBO register, the main activity is wholesale trade (NACE 46322).
What is the legal form of SMITS?
Private limited company (BV).
When was SMITS founded?
On 01-01-1985.
Is SMITS still active?
Yes, SMITS is an active enterprise in the KBO register.
How many employees does SMITS have?
On average 11.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SMITS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SMITS profitable?
In financial year 2025, SMITS made a profit of €93,932.
Where can I find the annual accounts of SMITS?
SMITS filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SMITS due?
By 31-07-2027, for financial year 2026.Timeline

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