SMITZ
ActiveSummary
SMITZ has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,106) and a net result of -€7,127. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-52
Solvency18▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.8 against 0.93 in 2024; short-term debt: 106.5% and cash: 58.4% of total assets), and equity is negative.
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Signals
Seven 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-6.5%
Return on assets
-22%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2,106
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
12 d early
2022
30 d late
2021
31 d late
2020
30 d late
2019
14 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 oldest company in Nassogne, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,127▼ 38.5%
2024 · -€5,145
Working capital
-€7,033▼ 211%
2024 · -€2,265
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,109▲ 100%€8,753▼ 13.4%€5,381▼ 38.5%-€4,928-€6,702▼ 36.0%
Net result€9,602▲ 120%€8,161▼ 15.0%€5,231▼ 35.9%-€5,145-€7,127▼ 38.5%
Equity-€3,225▲ 74.9%€4,936€10,167▲ 106%€5,022▼ 50.6%-€2,106
Total assets€38,225▲ 32.9%€46,162▲ 20.8%€44,433▼ 3.7%€37,309▼ 16.0%€32,376▼ 13.2%
Debt€41,449▼ 0.4%€41,226▼ 0.5%€34,266▼ 16.9%€32,287▼ 5.8%€34,481▲ 6.8%
Working capital-€11,442▲ 41.2%-€8,506▲ 25.7%-€1,497▲ 82.4%-€2,265▼ 51.3%-€7,033▼ 211%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,702 in 2025 against €4,928 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,376
Fixed assets
€4,928 ▼ 32.4%
Current assets
€27,448 ▼ 8.6%
Key figures and ratios
EBITDA
-€2,827▼
2024 · €1,334
Cash flow
-€3,252▼
2024 · €1,117
Solvency
-6.5%▼
2024 · 13.5%
Current ratio
0.80▼
2024 · 0.93
Quick ratio
0.79▼
2024 · 0.93
Debt to equity
-16.38▼
2024 · 6.43
ROA
-22.0%▼
2024 · -13.8%
Interest coverage
-6.52▼
2024 · 6.14
Debt ≤ 1 year
€34,481▲
2024 · €32,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €384 | €160 | €288 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,986 | €2,530 | €3,456 | €6,262 | €3,876 | ▼ 38.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €148 | €148 | €148 | - | - | - |
| Other operating charges640/8 | €302 | €269 | €218 | €220 | €222 | ▲ 0.7% |
| Non-recurring operating charges66A | - | €2,179 | - | - | €1,003 | - |
| Gross operating margin9900 | €15,546 | €13,879 | €9,203 | €1,555 | -€1,602 | ▼ 203% |
| Operating profit (loss)9901 | €10,109 | €8,753 | €5,381 | -€4,928 | -€6,702 | ▼ 36.0% |
| Financial income75/76B | €72 | €211 | €51 | - | €8 | - |
| Recurring financial income75 | €72 | €211 | €51 | - | €8 | - |
| Financial charges65/66B | €580 | €803 | €201 | €217 | €433 | ▲ 99.4% |
| Recurring financial charges65 | €580 | €803 | €201 | €217 | €433 | ▲ 99.4% |
| Profit (loss) for the period before taxes9903 | €9,602 | €8,161 | €5,231 | -€5,145 | -€7,127 | ▼ 38.5% |
| Profit (loss) for the period9904 | €9,602 | €8,161 | €5,231 | -€5,145 | -€7,127 | ▼ 38.5% |
| Profit (loss) for the period to be appropriated9905 | €9,602 | €8,161 | €5,231 | -€5,145 | -€7,127 | ▼ 38.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,225 | €46,162 | €44,433 | €37,309 | €32,376 | ▼ 13.2% |
| Fixed assets21/28 | €8,217 | €13,443 | €11,664 | €7,287 | €4,928 | ▼ 32.4% |
| Tangible fixed assets22/27 | €8,217 | €13,443 | €11,664 | €7,287 | €4,928 | ▼ 32.4% |
| Plant, machinery and equipment23 | €5,576 | €7,532 | €7,000 | €5,414 | €4,231 | ▼ 21.8% |
| Furniture and vehicles24 | - | €3,270 | €4,664 | €1,872 | €696 | ▼ 62.8% |
| Leasing and similar rights25 | €2,641 | €2,641 | - | - | - | - |
| Current assets29/58 | €30,007 | €32,720 | €32,768 | €30,022 | €27,448 | ▼ 8.6% |
| Stocks and contracts in progress3 | €150 | €150 | €150 | €150 | €150 | = |
| Stocks30/36 | €150 | €150 | €150 | €150 | €150 | = |
| Amounts receivable within one year40/41 | €4,132 | €6,239 | €8,662 | €8,151 | €6,849 | ▼ 16.0% |
| Trade receivables40 | €788 | €5,019 | €5,630 | €4,942 | €5,142 | ▲ 4.0% |
| Other amounts receivable41 | €3,344 | €1,221 | €3,032 | €3,210 | €1,707 | ▼ 46.8% |
| Cash at bank and in hand54/58 | €24,300 | €25,541 | €22,568 | €19,089 | €18,904 | ▼ 1.0% |
| Deferred charges and accrued income490/1 | €1,426 | €789 | €1,388 | €2,632 | €1,546 | ▼ 41.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,225 | €46,162 | €44,433 | €37,309 | €32,376 | ▼ 13.2% |
| Equity10/15 | -€3,225 | €4,936 | €10,167 | €5,022 | -€2,106 | ▼ 142% |
| Contributions10/11 | €62,469 | €62,469 | €62,469 | €62,469 | €62,469 | = |
| Capital10 | €62,469 | €62,469 | €62,469 | €62,469 | €62,469 | = |
| Issued capital100 | €62,469 | €62,469 | €62,469 | €62,469 | €62,469 | = |
| Profit (loss) carried forward14 | -€65,694 | -€57,533 | -€52,302 | -€57,447 | -€64,575 | ▼ 12.4% |
| Amounts payable17/49 | €41,449 | €41,226 | €34,266 | €32,287 | €34,481 | ▲ 6.8% |
| Amounts payable within one year42/48 | €41,449 | €41,226 | €34,266 | €32,287 | €34,481 | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | €1,585 | - | - | - | - | - |
| Trade debts44 | €1,243 | €1,892 | €271 | €2,363 | €5,603 | ▲ 137% |
| Suppliers440/4 | €1,243 | €1,892 | €271 | €2,363 | €5,603 | ▲ 137% |
| Taxes, remuneration and social security45 | - | - | - | €977 | - | - |
| Taxes450/3 | - | - | - | €977 | - | - |
| Other amounts payable47/48 | €38,621 | €39,334 | €33,995 | €28,947 | €28,878 | ▼ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,602 | €8,161 | €5,231 | -€5,145 | -€7,127 | ▼ 38.5% |
| + Depreciation and write-downs630 | €4,986 | €2,530 | €3,456 | €6,262 | €3,876 | ▼ 38.1% |
| Operating cash flow (approximation) | €14,588 | €10,691 | €8,687 | €1,117 | -€3,252 | ▼ 391% |
| Investment in fixed assets (approximation) | - | -€7,756 | -€1,677 | -€1,884 | -€1,517 | ▲ 19.5% |
| Change in cash | - | €1,241 | -€2,973 | -€3,479 | -€185 | ▲ 94.7% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €9,602 ▲120%
Operating result €10,109, net result €9,602, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €4,361
Net result €4,361 after 2 loss-making years.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Nassogne · 1 establishment unit since 1993
Ground area
1,237 m²
Building footprint
197 m²
Parcel 83003A2150/00V002, Wallonia. Linked by address, not a title deed.
1 establishment unit
SMITZ SA
since 19932.062.799.921
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83003A2150/00V002 | Wallonia | 1,237 m² | 1 · 197 m² | - |
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 913 companies in sector 43333 we hold annual accounts for 400. 137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
Scores and ratios are computed by Checked and are not a credit decision.