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SMITZ

Active Public limited companyfounded 1993active for 33 yearsRue de Haute Tahée, Bande 3, 6951 NassogneKBO/BCE: BE 0449.847.594 #4 oldest company in Nassogne, Construction sector

Lifetime

19 annual accounts with figures on one time axis, 32 filings since 1994
peak €56,389 (2013)
-€1,602▼ €3,157
lowest -€15,350 (2018)
-€7,127▼ €1,982
peak €14,980 (2015)
-€2,106▼ €7,127
€34,481▲ 6.8%
peak 0.5 FTE (2016)
-not published
Board4 names since 2017
2 directors and 1 other
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Gross margin from €1,555 to -€1,602Loss of €7,127Equity from €5,022 to -€2,106

Key points

from the 2025 annual accounts

Equity

-€2,106
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€12,273 in two years
-5,1452024-7,1272025

The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.

Debts

€34,481 107% of the balance sheet

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,619 companies had the same profile as SMITZ has now. Each dot stands for 17 companies, two years later.

84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 1.0% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,619 companies, not a prediction for SMITZ. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Director
Board & ownership

Recent changes

Reappointments: (director) and (director) Gazette deed
Resignation: (director) General meeting of 07-04-2022 · Gazette deed
Resignation: (director) Appointment: (director) · Gazette deed
3 directors reappointed , and · General meeting of 27-03-2018 · Gazette deed
All 44 events

Comparable companies

same main activity, similar in size and age
Company
SMITZ Nassogne €32,376 -€1,602 -6.5% -
DE VUYST DANY Ninove €34,567 -€19,457 -55.3% -
PAUCOT WILLY ET FILS Binche €38,955 -€3,841 -83.4% -
IN.PACT Uccle €34,877 €1,866 36.3% -
Marc Herbots Lier €32,229 -€2,601 -85.5% -
STORDEUR Christophe Sint-Genesius-Rode €39,111 -€3,106 67.8% -
CALLENS DECOR Waregem €41,480 -€1,810 89.7% -

These companies have the same main activity as SMITZ: wallpapering and laying of floor and wall coverings in other materials (NACE 43333). They are comparable in size and age: total assets between €32,200 and €41,500, founded between 1969 and 2010.

Official details

Source: KBO
Status
Active since 27-03-1993Normal situation
Activity
Wallpapering and laying of floor and wall coverings in other materialsNACE 43333
Joint committee
124Construction · annual accounts 2025
Establishment unit
2.062.799.9216951 Nassogne, since 09-07-1993
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€32,376▼ 13.2%
Filing
Filed on 16-07-2026, 15 days before the end of the filing period
Financials

Insights on SMITZ

The gross margin has fallen every year since 2021. Solvency fell in 2025 from 13.5% to -6.5% because of the loss and higher debts to suppliers.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about SMITZ

What is the company number of SMITZ?
The company number of SMITZ is 0449.847.594. The VAT number is the same number with BE in front: BE 0449.847.594.
Where is SMITZ based?
The registered office is at Rue de Haute Tahée, Bande 3, 6951 Nassogne.Company details
What does SMITZ do?
According to the KBO register, the main activity is wallpapering and laying of floor and wall coverings in other materials (NACE 43333).
What is the legal form of SMITZ?
SMITZ is a public limited company (NV).
When was SMITZ founded?
SMITZ was founded on 27-03-1993.
Is SMITZ still active?
Yes, SMITZ is an active enterprise in the KBO register.
Which joint committee does SMITZ fall under?
In its 2025 annual accounts, SMITZ states joint committee 124 (Construction).
What is the turnover of SMITZ?
The annual accounts for financial year 2025 state no turnover.Financials
Is SMITZ profitable?
In financial year 2025, SMITZ made a loss of €7,127.
Where can I find the annual accounts of SMITZ?
SMITZ filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SMITZ due?
SMITZ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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