SMITS
ActiveSummary
SMITS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,497 and a net result of €14,517. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 17.2 against 4.79 in 2024; short-term debt: 4% and cash: 44.3% of total assets), and 4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
96%
Return on assets
13.5%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
30 d early
2023
22 d early
2022
34 d early
2021
15 d early
2020
on the day
2019
13 d 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 20 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 8 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€103,497▲ 15.2%
2024 · €89,813
Total assets
€107,758▲ 2.8%
2024 · €104,842
Net result
€14,517▲ 52.5%
2024 · €9,522
Working capital
€69,018▲ 21.1%
2024 · €56,989
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,348▲ 77.5%€18,918▲ 157%€54,183▲ 186%€12,680▼ 76.6%€25,580▲ 102%
Net result€4,991within the sector's middle half▲ 111%€13,433within the sector's middle half▲ 169%€38,879above the sector's middle half▲ 189%€9,522within the sector's middle half▼ 75.5%€14,517within the sector's middle half▲ 52.5%
Equity€45,704within the sector's middle half▲ 10.1%€58,337within the sector's middle half▲ 27.6%€87,124within the sector's middle half▲ 49.3%€89,813within the sector's middle half▲ 3.1%€103,497within the sector's middle half▲ 15.2%
Total assets€55,891below the sector's middle half▲ 0.2%€69,665within the sector's middle half▲ 24.6%€126,551within the sector's middle half▲ 81.7%€104,842within the sector's middle half▼ 17.2%€107,758within the sector's middle half▲ 2.8%
Debt€10,186▼ 28.6%€11,327▲ 11.2%€39,428▲ 248%€15,028▼ 61.9%€4,261▼ 71.7%
Working capital€30,188within the sector's middle half▲ 36.2%€41,434within the sector's middle half▲ 37.3%€55,737within the sector's middle half▲ 34.5%€56,989within the sector's middle half▲ 2.2%€69,018within the sector's middle half▲ 21.1%
Solvency81.8%above the sector's middle half▲ 7.3pp83.7%above the sector's middle half▲ 2.0pp68.8%above the sector's middle half▼ 14.9pp85.7%above the sector's middle half▲ 16.8pp96.0%above the sector's middle half▲ 10.4pp
Current ratio3.96above the sector's middle half▲ 1.414.66above the sector's middle half▲ 0.692.42within the sector's middle half▼ 2.244.79above the sector's middle half▲ 2.3817.20above the sector's middle half▲ 12.41
Return on assets (ROA)8.9%within the sector's middle half▲ 4.7pp19.3%above the sector's middle half▲ 10.4pp30.7%above the sector's middle half▲ 11.4pp9.1%within the sector's middle half▼ 21.6pp13.5%within the sector's middle half▲ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 102% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,758
Fixed assets
€34,479 ▲ 5.0%
Current assets
€73,279 ▲ 1.8%
Equity and liabilities €107,758
Equity
€103,497 ▲ 15.2%
Debt
€4,261 ▼ 71.7%
Debt's share of the balance-sheet total falls from 14.3% to 4.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,937▲
2024 · €17,775
Cash flow
€19,874▲
2024 · €14,617
Debt to equity
0.04▼
2024 · 0.17
ROE
14.0%▲
2024 · 10.6%
Interest coverage
83.64▲
2024 · 17.56
Debt ≤ 1 year
€4,261▼
2024 · €15,028
Income taxes
€10,848▲
2024 · €2,367
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,177 | €6,980 | €8,094 | €5,095 | €5,358 | ▲ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€2,750 | - | - | - | - |
| Other operating charges640/8 | €4,044 | €4,394 | €2,112 | €1,737 | €1,888 | ▲ 8.7% |
| Gross operating margin9900 | €17,569 | €27,542 | €64,388 | €19,512 | €32,825 | ▲ 68.2% |
| Operating profit (loss)9901 | €7,348 | €18,918 | €54,183 | €12,680 | €25,580 | ▲ 102% |
| Financial income75/76B | - | €1 | €286 | €221 | €155 | ▼ 29.8% |
| Recurring financial income75 | - | €1 | €286 | €221 | €155 | ▼ 29.8% |
| Financial charges65/66B | €276 | €340 | €407 | €1,012 | €370 | ▼ 63.5% |
| Recurring financial charges65 | €276 | €340 | €407 | €1,012 | €370 | ▼ 63.5% |
| Profit (loss) for the period before taxes9903 | €7,071 | €18,578 | €54,061 | €11,889 | €25,365 | ▲ 113% |
| Income taxes67/77 | €2,081 | €5,146 | €15,182 | €2,367 | €10,848 | ▲ 358% |
| Profit (loss) for the period9904 | €4,991 | €13,433 | €38,879 | €9,522 | €14,517 | ▲ 52.5% |
| Transfer from tax-exempt reserves789 | €885 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5,876 | €13,433 | €38,879 | €9,522 | €14,517 | ▲ 52.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,891 | €69,665 | €126,551 | €104,842 | €107,758 | ▲ 2.8% |
| Fixed assets21/28 | €15,516 | €16,903 | €31,424 | €32,824 | €34,479 | ▲ 5.0% |
| Tangible fixed assets22/27 | €15,516 | €16,903 | €31,424 | €32,824 | €34,479 | ▲ 5.0% |
| Plant, machinery and equipment23 | - | €1,528 | €1,117 | €2,717 | €1,978 | ▼ 27.2% |
| Furniture and vehicles24 | €10,184 | €4,951 | €3,906 | €3,045 | €2,184 | ▼ 28.3% |
| Other tangible fixed assets26 | €5,332 | €10,424 | €26,400 | €27,063 | €30,317 | ▲ 12.0% |
| Current assets29/58 | €40,374 | €52,761 | €95,127 | €72,017 | €73,279 | ▲ 1.8% |
| Amounts receivable after more than one year29 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Other amounts receivable291 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Amounts receivable within one year40/41 | €16,525 | €9,747 | €7,145 | €13,719 | €18,182 | ▲ 32.5% |
| Trade receivables40 | €2,260 | - | €1,092 | €8,990 | €6 | ▼ 99.9% |
| Other amounts receivable41 | €14,265 | €9,747 | €6,053 | €4,729 | €18,176 | ▲ 284% |
| Cash at bank and in hand54/58 | €22,891 | €36,027 | €79,116 | €49,262 | €47,713 | ▼ 3.1% |
| Deferred charges and accrued income490/1 | €959 | €987 | €2,867 | €3,037 | €1,383 | ▼ 54.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,891 | €69,665 | €126,551 | €104,842 | €107,758 | ▲ 2.8% |
| Equity10/15 | €45,704 | €58,337 | €87,124 | €89,813 | €103,497 | ▲ 15.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €33,304 | €45,937 | €74,724 | €77,413 | €91,097 | ▲ 17.7% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €31,445 | €44,078 | €74,724 | €77,413 | €91,097 | ▲ 17.7% |
| Amounts payable17/49 | €10,186 | €11,327 | €39,428 | €15,028 | €4,261 | ▼ 71.7% |
| Amounts payable within one year42/48 | €10,186 | €11,327 | €39,390 | €15,028 | €4,261 | ▼ 71.7% |
| Financial debts43 | €30 | €0 | €8 | - | €104 | - |
| Credit institutions430/8 | €30 | €0 | €8 | - | €104 | - |
| Trade debts44 | €4,826 | €2,409 | €19,546 | €3,009 | €1,794 | ▼ 40.4% |
| Suppliers440/4 | €4,826 | €2,409 | €19,546 | €3,009 | €1,794 | ▼ 40.4% |
| Taxes, remuneration and social security45 | €4,530 | €7,319 | €16,712 | €2,897 | €1,530 | ▼ 47.2% |
| Taxes450/3 | €4,530 | €7,319 | €16,712 | €2,897 | €1,530 | ▼ 47.2% |
| Other amounts payable47/48 | €800 | €1,600 | €3,123 | €9,122 | €833 | ▼ 90.9% |
| Accrued charges and deferred income492/3 | - | - | €38 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,991 | €13,433 | €38,879 | €9,522 | €14,517 | ▲ 52.5% |
| + Depreciation and write-downs630 | €6,177 | €6,980 | €8,094 | €5,095 | €5,358 | ▲ 5.2% |
| Operating cash flow (approximation) | €11,168 | €20,413 | €46,973 | €14,617 | €19,874 | ▲ 36.0% |
| Investment in fixed assets (approximation) | - | -€8,367 | -€22,614 | -€6,495 | -€7,012 | ▼ 8.0% |
| Change in cash | - | €13,136 | €43,090 | -€29,854 | -€1,548 | ▲ 94.8% |
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
30-07
State Gazette act
Resignation: Michielssen Alain (director)Power of attorney3 facts ▸
State Gazette act
Resignation: Michielssen Alain (director)
Power of attorney3 facts ▸
- General meeting, 01-07-2026
- Director resignation, Michielssen Alain (director)
- Power of attorney, ACCOUNTANTS NOORDERKEMPEN BV
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 17.20
Current ratio from 4.79 to 17.20; short-term debt falls from €15,028 to €4,261.
31-12
Financial
Equity above €100,000Eq €103,497 ▲15.2%
8 profitable years in a row build equity to €103,497.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €38,879 ▲189%
Operating result €54,183, net result €38,879, both a record.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €2,361 ▼65.2%
Net result drops to €2,361, the lowest in the series; recovery starts the following year.
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wuustwezel · 1 establishment unit since 1994
Ground area
1,591 m²
Building footprint
156 m²
Volume, LiDAR
590 m³
Parcel 11682H0111/00G000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brasschaatse Steenweg 173, 2990 Wuustwezel
since 19942.065.646.969
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682H0111/00G000 | Flanders | 1,590 m² | 1 · 156 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Michielssen Alain |
|
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,234. 2,652 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
Founded26-01-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451960909
Also
9925:BE0451960909
Registered
12-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.