Smitt
ActiveSummary
Smitt has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €268k and a net result of €24k. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-16
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
short-term debt: 0.8% and cash: 0.1% of total assets, and 1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
99%
Return on assets
8.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 08-06-2026, 53 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
53 d early
2024
9 d early
2023
13 d early
2022
31 d early
2021
4 d early
2020
1 d early
2019
67 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, micro schema
Equity
€268k▲ 9.8%
2024 · €244k
2019: €38klowest in 7 years
2020: €72k▲ +91.8% vs 2019
2021: €82k▲ +13.6% vs 2020
2022: €160k▲ +94.7% vs 2021
2023: €188k▲ +17.3% vs 2022
2024: €244k▲ +29.8% vs 2023
2025: €268k▲ +9.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€271k▲ 4.4%
2024 · €259k
2019: €55klowest in 7 years
2020: €102k▲ +84.2% vs 2019
2021: €117k▲ +15.4% vs 2020
2022: €193k▲ +64.1% vs 2021
2023: €207k▲ +7.5% vs 2022
2024: €259k▲ +25.2% vs 2023
2025: €271k▲ +4.4% vs 2024highest in 7 years
2019 → 2025
Net result
€24k▼ 57.4%
2024 · €56k
2019: €25k
2020: €35k▲ +36.6% vs 2019
2021: €10k▼ -71.5% vs 2020lowest in 7 years
2022: €78k▲ +689% vs 2021highest in 7 years
2023: €28k▼ -64.5% vs 2022
2024: €56k▲ +102% vs 2023
2025: €24k▼ -57.4% vs 2024
2019 → 2025
Working capital
€268k▲ 9.2%
2024 · €246k
2019: €16klowest in 7 years
2020: €63k▲ +294% vs 2019
2021: €92k▲ +47.0% vs 2020
2022: €154k▲ +67.5% vs 2021
2023: €179k▲ +15.9% vs 2022
2024: €246k▲ +37.6% vs 2023
2025: €268k▲ +9.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€160k▲ 94.7%€188k▲ 17.3%€244k▲ 29.8%€268k▲ 9.8%
2021: €82klowest in 5 years
2022: €160k▲ +94.7% vs 2021
2023: €188k▲ +17.3% vs 2022
2024: €244k▲ +29.8% vs 2023
2025: €268k▲ +9.8% vs 2024highest in 5 years
Operating result€12k-€97k▲ 729%€36k▼ 63.2%€71k▲ 98.5%€25k▼ 64.6%
2021: €12klowest in 5 years
2022: €97k▲ +729% vs 2021highest in 5 years
2023: €36k▼ -63.2% vs 2022
2024: €71k▲ +98.5% vs 2023
2025: €25k▼ -64.6% vs 2024
Net result€10k-€78k▲ 689%€28k▼ 64.5%€56k▲ 102%€24k▼ 57.4%
2021: €10klowest in 5 years
2022: €78k▲ +689% vs 2021highest in 5 years
2023: €28k▼ -64.5% vs 2022
2024: €56k▲ +102% vs 2023
2025: €24k▼ -57.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271k
Fixed assets
€278 ▼ 68.6%
Current assets
€270k ▲ 4.6%
Equity and liabilities €271k
Equity
€268k ▲ 9.8%
Debt
€3k ▼ 82.4%
Debt's share of the balance-sheet total falls from 5.9% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2024 · €71k
Cash flow
€24k▼
2024 · €57k
Debt to equity
0.01▼
2024 · 0.06
ROE
8.9%▼
2024 · 23.0%
ROA
8.8%▼
2024 · 21.6%
Interest coverage
35.07▼
2024 · 40.94
Debt ≤ 1 year
€2k▼
2024 · €13k
Income taxes
€12k▼
2024 · €23k
A ratio outside any meaningful range has been withheld (balance sheet total €271k, equity €268k).
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€259k€271k▲
Fixed assets21/28€887€278▼
Tangible fixed assets22/27€887€278▼
Plant, machinery and equipment23€234€0▼
Furniture and vehicles24€652€278▼
Current assets29/58€258k€270k▲
Amounts receivable after more than one year29€108k€111k▲
Other amounts receivable291€108k€111k▲
Amounts receivable within one year40/41€147k€158k▲
Trade receivables40€26k€0▼
Other amounts receivable41€121k€158k▲
Cash at bank and in hand54/58€30€201▲
Deferred charges and accrued income490/1€3k€942▼
Equity and liabilities
Total equity and liabilities10/49€259k€271k▲
Equity10/15€244k€268k▲
Contributions10/11€12k€12k=
Reserves13€232k€256k▲
Distributable reserves133€232k€256k▲
Amounts payable17/49€15k€3k▼
Amounts payable within one year42/48€13k€2k▼
Current portion of amounts payable after more than one year42€2k€2k=
Trade debts44€6k€0▼
Suppliers440/4€6k€0▼
Taxes, remuneration and social security45€5k€0▼
Taxes450/3€5k€0▼
Accrued charges and deferred income492/3€3k€608▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€814€609▼
Other operating charges640/8€6k€6k▼
Gross operating margin9900€78k€31k▼
Operating profit (loss)9901€71k€25k▼
Financial income75/76B€10k€11k▲
Recurring financial income75€10k€11k▲
Financial charges65/66B€2k€731▼
Recurring financial charges65€2k€731▼
Profit (loss) for the period before taxes9903€79k€36k▼
Income taxes67/77€23k€12k▼
Profit (loss) for the period9904€56k€24k▼
Profit (loss) for the period to be appropriated9905€56k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€24k▼
Transfer to equity691/2€56k€24k▼
To other reserves6921€56k€24k▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €2k | €3k | €814 | €609 | ▼ 25.3% |
| Other operating charges640/8 | €1k | €1k | €4k | €6k | €6k | ▼ 9.0% |
| Gross operating margin9900 | €24k | €100k | €43k | €78k | €31k | ▼ 59.7% |
| Operating profit (loss)9901 | €12k | €97k | €36k | €71k | €25k | ▼ 64.6% |
| Financial income75/76B | €5k | €5k | €6k | €10k | €11k | ▲ 10.5% |
| Recurring financial income75 | €5k | €5k | €6k | €10k | €11k | ▲ 10.5% |
| Financial charges65/66B | €2k | €1k | €1k | €2k | €731 | ▼ 58.1% |
| Recurring financial charges65 | €2k | €1k | €1k | €2k | €731 | ▼ 58.1% |
| Profit (loss) for the period before taxes9903 | €15k | €100k | €41k | €79k | €36k | ▼ 55.0% |
| Income taxes67/77 | €5k | €22k | €13k | €23k | €12k | ▼ 49.4% |
| Profit (loss) for the period9904 | €10k | €78k | €28k | €56k | €24k | ▼ 57.4% |
| Profit (loss) for the period to be appropriated9905 | €10k | €78k | €28k | €56k | €24k | ▼ 57.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117k | €193k | €207k | €259k | €271k | ▲ 4.4% |
| Fixed assets21/28 | €3k | €12k | €9k | €887 | €278 | ▼ 68.6% |
| Tangible fixed assets22/27 | €3k | €12k | €9k | €887 | €278 | ▼ 68.6% |
| Plant, machinery and equipment23 | €2k | €1k | €674 | €234 | €0 | ▼ 100% |
| Furniture and vehicles24 | €972 | €10k | €9k | €652 | €278 | ▼ 57.4% |
| Current assets29/58 | €115k | €181k | €198k | €258k | €270k | ▲ 4.6% |
| Amounts receivable after more than one year29 | - | €102k | €105k | €108k | €111k | ▲ 2.8% |
| Other amounts receivable291 | - | €102k | €105k | €108k | €111k | ▲ 2.8% |
| Amounts receivable within one year40/41 | €111k | €75k | €87k | €147k | €158k | ▲ 7.6% |
| Trade receivables40 | €12k | €25k | €10k | €26k | €0 | ▼ 100% |
| Other amounts receivable41 | €100k | €49k | €77k | €121k | €158k | ▲ 30.8% |
| Cash at bank and in hand54/58 | €732 | €426 | €1k | €30 | €201 | ▲ 573% |
| Deferred charges and accrued income490/1 | €3k | €4k | €4k | €3k | €942 | ▼ 72.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117k | €193k | €207k | €259k | €271k | ▲ 4.4% |
| Equity10/15 | €82k | €160k | €188k | €244k | €268k | ▲ 9.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €70k | €148k | €176k | €232k | €256k | ▲ 10.3% |
| Non-distributable reserves130/1 | €1k | €1k | €0 | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | €0 | - | - | - |
| Distributable reserves133 | €69k | €147k | €176k | €232k | €256k | ▲ 10.3% |
| Amounts payable17/49 | €35k | €32k | €19k | €15k | €3k | ▼ 82.4% |
| Amounts payable after more than one year17 | €12k | €5k | €0 | - | - | - |
| Financial debts170/4 | €12k | €5k | €0 | - | - | - |
| Amounts payable within one year42/48 | €23k | €27k | €19k | €13k | €2k | ▼ 83.7% |
| Current portion of amounts payable after more than one year42 | €6k | €8k | €7k | €2k | €2k | = |
| Trade debts44 | €108 | €190 | €910 | €6k | €0 | ▼ 100% |
| Suppliers440/4 | €108 | €190 | €910 | €6k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €17k | €19k | €11k | €5k | €0 | ▼ 100% |
| Taxes450/3 | €17k | €19k | €11k | €5k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €62 | €0 | - | €3k | €608 | ▼ 76.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €78k | €28k | €56k | €24k | ▼ 57.4% |
| + Depreciation and write-downs630 | €12k | €2k | €3k | €814 | €609 | ▼ 25.3% |
| Operating cash flow (approximation) | €22k | €80k | €31k | €57k | €24k | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | €-11k | €-1k | €8k | €0 | ▼ 100% |
| Change in cash | - | €-305 | €729 | €-1k | €171 | ▲ 115% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 6current ratio 130.68
Current ratio from 20.39 to 130.68; short-term debt falls from €13k to €2k.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €244k ▲29.8%
6 profitable years in a row build equity to €244k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €78k ▲689%
Operating result €97k, net result €78k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲94.7%
4 profitable years in a row build equity to €160k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €10k ▼71.5%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 2018
Ground area
1,298 m²
Building footprint
240 m²
Volume, LiDAR
726 m³
Parcel 71302A0466/00G000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Smitt
since 20182.271.886.884
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0466/00G000 | Flanders | 1,298 m² | 1 · 240 m² | 6.1 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,036 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
Founded16-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.