SMITZ & CO
ActiveSummary
SMITZ & CO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €700,494 and a net result of -€9,923. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-42
Solvency90▼-1
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.95 in 2024; short-term debt: 34.3% and cash: 34.6% of total assets), and 34.5% 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
65.5%
Return on assets
-0.9%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
23 d early
2023
21 d early
2022
11 d early
2021
23 d early
2020
18 d early
2019
21 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 17 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 11 July (5 of the last 5 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, abbreviated schema
Turnover
€812,279▲ 11,810%
2020 · €6,820
EBIT margin
19.6%▼ 12434.2pp
2020 · 12453.8%
Net result
-€9,923
2024 · €172,368
Working capital
€703,157▼ 1.4%
2024 · €713,032
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
Turnover€812,279
Operating result-€20,066-€20,730▼ 3.3%-€90,805▼ 338%€158,932-€8,420
Net result-€14,635below the sector's middle half-€14,504below the sector's middle half▲ 0.9%-€75,603below the sector's middle half▼ 421%€172,368above the sector's middle half-€9,923below the sector's middle half
EBIT margin19.6%
Equity€628,156above the sector's middle half▼ 2.3%€613,652within the sector's middle half▼ 2.3%€538,049within the sector's middle half▼ 12.3%€710,417within the sector's middle half▲ 32.0%€700,494above the sector's middle half▼ 1.4%
Total assets€846,344within the sector's middle half▼ 3.3%€829,388within the sector's middle half▼ 2.0%€1.0mwithin the sector's middle half▲ 24.3%€1.1mwithin the sector's middle half▲ 4.6%€1.1mwithin the sector's middle half▼ 0.8%
Debt€1,292▼ 90.0%€1,732▲ 34.1%€282,018▲ 16,183%€368,665▲ 30.7%€369,442▲ 0.2%
Working capital€435,076above the sector's middle half▼ 0.8%€434,598above the sector's middle half▼ 0.1%€372,242within the sector's middle half▼ 14.3%€713,032above the sector's middle half▲ 91.6%€703,157above the sector's middle half▼ 1.4%
Solvency74.2%above the sector's middle half▲ 0.8pp74.0%above the sector's middle half▼ 0.2pp52.2%within the sector's middle half▼ 21.8pp65.8%above the sector's middle half▲ 13.7pp65.5%within the sector's middle half▼ 0.4pp
Current ratio2.32within the sector's middle half2.95above the sector's middle half▲ 0.632.92within the sector's middle half▼ 0.03
Return on assets (ROA)-1.7%below the sector's middle half▼ 72.1pp-1.7%below the sector's middle half=-7.3%below the sector's middle half▼ 5.6pp16.0%above the sector's middle half▲ 23.3pp-0.9%below the sector's middle half▼ 16.9pp
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8,420 after €158,932 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.1m
Equity
€700,494 ▼ 1.4%
Debt
€369,442 ▲ 0.2%
Debt's share of the balance-sheet total rises from 34.2% to 34.5%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
1.59▼
2024 · 1.62
Debt to equity
0.53▲
2024 · 0.52
ROE
-1.4%▼
2024 · 24.3%
Debt ≤ 1 year
€366,779▲
2024 · €366,050
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 8,611 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €6,812 | €3,560 | €1,890 | €1.0m | - | - |
| Turnover70 | - | - | - | €812,279 | - | - |
| Other operating income74 | €6,812 | €3,560 | €1,890 | €210 | - | - |
| Non-recurring operating income76A | - | - | - | €197,463 | - | - |
| Operating charges60/66A | €26,878 | €24,290 | €92,695 | €851,020 | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €653,474 | - | - |
| Purchases600/8 | - | - | €548,906 | €652,974 | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€548,906 | €500 | - | - |
| Services and other goods61 | €7,134 | €3,952 | €8,064 | €190,123 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,379 | €16,380 | €16,380 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €63,906 | -€500 | - | - |
| Other operating charges640/8 | €3,365 | €3,958 | €4,345 | €7,923 | €1,424 | ▼ 82.0% |
| Gross operating margin9900 | - | - | - | - | -€6,996 | - |
| Operating profit (loss)9901 | -€20,066 | -€20,730 | -€90,805 | €158,932 | -€8,420 | ▼ 105% |
| Financial income75/76B | €2,560 | €3,361 | €12,597 | €11,320 | €11,333 | ▲ 0.1% |
| Recurring financial income75 | €2,560 | €3,361 | €12,597 | €11,320 | €11,333 | ▲ 0.1% |
| Income from current assets751 | €2,560 | €3,361 | €12,597 | €11,319 | - | - |
| Other financial income752/9 | - | - | - | €1 | - | - |
| Financial charges65/66B | €21 | €27 | €286 | €15,265 | €12,836 | ▼ 15.9% |
| Recurring financial charges65 | €21 | €27 | €286 | €15,265 | €12,836 | ▼ 15.9% |
| Debt charges650 | - | - | €256 | €14,690 | - | - |
| Other financial charges652/9 | €21 | €27 | €30 | €575 | - | - |
| Profit (loss) for the period before taxes9903 | -€17,527 | -€17,396 | -€78,494 | €154,987 | -€9,923 | ▼ 106% |
| Transfer from deferred taxes780 | €2,892 | €2,892 | €2,891 | €211,113 | - | - |
| Income taxes67/77 | - | - | - | €193,732 | - | - |
| Taxes670/3 | - | - | - | €193,732 | - | - |
| Profit (loss) for the period9904 | -€14,635 | -€14,504 | -€75,603 | €172,368 | -€9,923 | ▼ 106% |
| Transfer from tax-exempt reserves789 | €8,675 | €8,675 | €8,674 | €633,339 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€5,960 | -€5,829 | -€66,929 | €805,707 | -€9,923 | ▼ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €846,344 | €829,388 | €1.0m | €1.1m | €1.1m | ▼ 0.8% |
| Fixed assets21/28 | €410,297 | €393,917 | €377,537 | - | - | - |
| Tangible fixed assets22/27 | €410,297 | €393,917 | €377,537 | - | - | - |
| Land and buildings22 | €404,900 | €390,018 | €375,137 | - | - | - |
| Plant, machinery and equipment23 | €1,593 | €1,147 | €701 | - | - | - |
| Furniture and vehicles24 | €3,804 | €2,752 | €1,699 | - | - | - |
| Current assets29/58 | €436,047 | €435,471 | €653,643 | €1.1m | €1.1m | ▼ 0.8% |
| Stocks and contracts in progress3 | - | - | €485,000 | €485,000 | €485,000 | = |
| Stocks30/36 | - | - | €485,000 | €485,000 | €485,000 | = |
| Property held for sale35 | - | - | €485,000 | €485,000 | - | - |
| Amounts receivable within one year40/41 | €50,178 | €280,456 | €131,144 | €198,233 | €201,629 | ▲ 1.7% |
| Other amounts receivable41 | €50,178 | €280,456 | €131,144 | €198,233 | €201,629 | ▲ 1.7% |
| Current investments50/53 | - | - | - | €350,000 | - | - |
| Other investments51/53 | - | - | - | €350,000 | - | - |
| Cash at bank and in hand54/58 | €382,936 | €148,680 | €26,381 | €37,923 | €370,608 | ▲ 877% |
| Deferred charges and accrued income490/1 | €2,933 | €6,335 | €11,118 | €7,926 | €12,699 | ▲ 60.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €846,344 | €829,388 | €1.0m | €1.1m | €1.1m | ▼ 0.8% |
| Equity10/15 | €628,156 | €613,652 | €538,049 | €710,417 | €700,494 | ▼ 1.4% |
| Contributions10/11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €660,131 | €651,456 | €642,782 | €9,443 | €9,443 | = |
| Non-distributable reserves130/1 | €3,718 | €3,718 | - | - | - | - |
| Reserves not available under the articles1311 | €3,718 | €3,718 | - | - | - | - |
| Tax-exempt reserves132 | €650,688 | €642,013 | €633,339 | - | - | - |
| Distributable reserves133 | €5,725 | €5,725 | €9,443 | €9,443 | €9,443 | = |
| Profit (loss) carried forward14 | -€69,159 | -€74,988 | -€141,917 | €663,790 | €653,867 | ▼ 1.5% |
| Provisions and deferred taxes16 | €216,896 | €214,004 | €211,113 | - | - | - |
| Deferred taxes168 | €216,896 | €214,004 | €211,113 | - | - | - |
| Amounts payable17/49 | €1,292 | €1,732 | €282,018 | €368,665 | €369,442 | ▲ 0.2% |
| Amounts payable within one year42/48 | €971 | €873 | €281,401 | €366,050 | €366,779 | ▲ 0.2% |
| Financial debts43 | - | - | - | €364,000 | €364,000 | = |
| Credit institutions430/8 | - | - | - | €364,000 | €364,000 | = |
| Trade debts44 | €971 | €873 | €1,401 | €2,050 | €2,779 | ▲ 35.6% |
| Suppliers440/4 | €971 | €873 | €1,401 | €2,050 | €2,779 | ▲ 35.6% |
| Other amounts payable47/48 | - | - | €280,000 | - | - | - |
| Accrued charges and deferred income492/3 | €321 | €859 | €617 | €2,615 | €2,663 | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,635 | -€14,504 | -€75,603 | €172,368 | -€9,923 | ▼ 106% |
| + Depreciation and write-downs630 | €16,379 | €16,380 | €16,380 | - | - | - |
| Operating cash flow (approximation) | €1,744 | €1,876 | -€59,223 | €172,368 | -€9,923 | ▼ 106% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€234,256 | -€122,299 | €11,542 | €332,685 | ▲ 2,782% |
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
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €172,368
Net result €172,368 after 3 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€75,603
Net result drops to -€75,603, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity times 10current ratio 449.07
Current ratio from 43.79 to 449.07; short-term debt falls from €10,250 to €971.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €615,722
Net result €615,722 after 2 loss-making years.
31-12
Financial
Liquidity times 66current ratio 43.79
Current ratio from 0.66 to 43.79; short-term debt falls from €92,125 to €10,250.
31-12
Financial
Equity above €500,000Eq €642,791 ▲2,275%
Equity rises from €27,069 to €642,791.
Show earlier events
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Eeklo · 1 establishment unit since 1999
Ground area
2.7 ha
Building footprint
2,443 m²
Volume, LiDAR
25,855 m³
Parcel 43352F0360/00Z000, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Industrielaan 38, 9900 Eeklo
since 19992.092.445.594
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0360/00Z000 | Flanders | 2.7 ha | 1 · 2,443 m² | 13.8 m · 4 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.
Structure & network
Owners and holdings
1 ownerChain of control
- L&A TRANS
- SANEL RECYCLING
- E & S RECYCLING
- SMITZ & CO
Highest known parent: L&A TRANS. The sources do not say who stands above it.
Owners 1
- E & S RECYCLINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company
Founded11-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466044121
Also
9925:BE0466044121
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.