SMT-CONSTRUCT
ActiveSummary
SMT-CONSTRUCT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239,649 and a net result of €5,145. Equity is growing by ~118.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-58
Solvency62▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 2.45 against 1.76 in 2024; short-term debt: 14% and cash: 13.2% of total assets), but 63% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
37%
Return on assets
0.8%
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 03-04-2026, 119 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
119 d early
2024
111 d early
2023
103 d early
2022
49 d early
2021
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 73 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€239,649▲ 2.2%
2024 · €234,504
Total assets
€647,627▼ 10.9%
2024 · €726,905
Net result
€5,145▼ 97.5%
2024 · €205,967
Working capital
€131,326▲ 8.8%
2024 · €120,752
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€17,106-€21,217▲ 24.0%€78,444▲ 270%€280,127▲ 257%€25,455▼ 90.9%
Net result€12,295-€15,133▲ 23.1%€56,932▲ 276%€205,967▲ 262%€5,145▼ 97.5%
Equity€15,295-€30,428▲ 98.9%€87,361▲ 187%€234,504▲ 168%€239,649▲ 2.2%
Total assets€23,823-€55,718▲ 134%€679,224▲ 1,119%€726,905▲ 7.0%€647,627▼ 10.9%
Debt€8,529-€25,290▲ 197%€591,863▲ 2,240%€492,401▼ 16.8%€407,978▼ 17.1%
Working capital€12,536-€28,059▲ 124%€83,891▲ 199%€120,752▲ 43.9%€131,326▲ 8.8%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -98% on 2024. Cause not known from the registers.
- 2024 Net result +262% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
- 2024 Equity +168% on 2023. Cause not known from the registers.
- 2023 Total assets +1,119% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €647,627
Fixed assets
€425,534 ▼ 5.0%
Current assets
€222,093 ▼ 20.4%
Equity and liabilities €647,627
Equity
€239,649 ▲ 2.2%
Debt
€407,978 ▼ 17.1%
Debt's share of the balance-sheet total falls from 67.7% to 63.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47,645▼
2024 · €281,171
Cash flow
€27,334▼
2024 · €207,011
Current ratio
2.45▲
2024 · 1.76
Quick ratio
2.44▲
2024 · 1.76
Debt to equity
1.70▼
2024 · 2.10
ROE
2.1%▼
2024 · 87.8%
ROA
0.8%▼
2024 · 28.3%
Interest coverage
2.66▼
2024 · 14.09
Debt ≤ 1 year
€90,767▼
2024 · €158,431
Debt > 1 year
€314,028▼
2024 · €331,506
Income taxes
€2,667▼
2024 · €56,207
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,637 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,637 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13,002 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,863 | €1,049 | €1,104 | €1,044 | €22,189 | ▲ 2,025% |
| Other operating charges640/8 | €1,725 | €884 | €970 | €1,225 | €1,271 | ▲ 3.8% |
| Gross operating margin9900 | €20,694 | €23,150 | €80,518 | €282,396 | €48,916 | ▼ 82.7% |
| Operating profit (loss)9901 | €17,106 | €21,217 | €78,444 | €280,127 | €25,455 | ▼ 90.9% |
| Financial income75/76B | - | - | €233 | €2,009 | €248 | ▼ 87.7% |
| Recurring financial income75 | - | - | €233 | €2,009 | €248 | ▼ 87.7% |
| Financial charges65/66B | €328 | €251 | €6,978 | €19,961 | €17,892 | ▼ 10.4% |
| Recurring financial charges65 | €328 | €251 | €6,978 | €19,961 | €17,892 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €16,778 | €20,965 | €71,698 | €262,174 | €7,811 | ▼ 97.0% |
| Income taxes67/77 | €4,483 | €5,832 | €14,766 | €56,207 | €2,667 | ▼ 95.3% |
| Profit (loss) for the period9904 | €12,295 | €15,133 | €56,932 | €205,967 | €5,145 | ▼ 97.5% |
| Profit (loss) for the period to be appropriated9905 | €12,295 | €15,133 | €56,932 | €205,967 | €5,145 | ▼ 97.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,823 | €55,718 | €679,224 | €726,905 | €647,627 | ▼ 10.9% |
| Fixed assets21/28 | €2,759 | €2,370 | €4,766 | €447,722 | €425,534 | ▼ 5.0% |
| Tangible fixed assets22/27 | €2,759 | €2,370 | €1,265 | €440,221 | €418,032 | ▼ 5.0% |
| Land and buildings22 | - | - | - | €439,940 | €417,940 | ▼ 5.0% |
| Plant, machinery and equipment23 | €266 | €209 | €151 | €93 | €36 | ▼ 61.9% |
| Furniture and vehicles24 | €2,492 | €2,161 | €1,114 | €188 | €56 | ▼ 70.0% |
| Financial fixed assets28 | - | - | €3,501 | €7,501 | €7,502 | = |
| Current assets29/58 | €21,065 | €53,349 | €674,457 | €279,183 | €222,093 | ▼ 20.4% |
| Stocks and contracts in progress3 | - | - | €248,749 | €0 | €750 | - |
| Stocks30/36 | - | - | €248,749 | €0 | €750 | - |
| Amounts receivable within one year40/41 | €7,269 | €21,465 | €22,385 | €145,682 | €130,426 | ▼ 10.5% |
| Trade receivables40 | €6,250 | €20,570 | €22,385 | €60,568 | €73,040 | ▲ 20.6% |
| Other amounts receivable41 | €1,019 | €895 | €0 | €85,113 | €57,386 | ▼ 32.6% |
| Cash at bank and in hand54/58 | €13,796 | €31,202 | €399,968 | €130,068 | €85,432 | ▼ 34.3% |
| Deferred charges and accrued income490/1 | - | €682 | €3,355 | €3,434 | €5,485 | ▲ 59.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,823 | €55,718 | €679,224 | €726,905 | €647,627 | ▼ 10.9% |
| Equity10/15 | €15,295 | €30,428 | €87,361 | €234,504 | €239,649 | ▲ 2.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €12,295 | €27,428 | €84,361 | €231,504 | €236,649 | ▲ 2.2% |
| Distributable reserves133 | €12,295 | €27,428 | €84,361 | €231,504 | €236,649 | ▲ 2.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €8,529 | €25,290 | €591,863 | €492,401 | €407,978 | ▼ 17.1% |
| Amounts payable after more than one year17 | - | - | - | €331,506 | €314,028 | ▼ 5.3% |
| Financial debts170/4 | - | - | - | €331,506 | €314,028 | ▼ 5.3% |
| Amounts payable within one year42/48 | €8,529 | €25,290 | €590,566 | €158,431 | €90,767 | ▼ 42.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,494 | €19,042 | ▲ 3.0% |
| Financial debts43 | - | - | €50,761 | €0 | - | - |
| Credit institutions430/8 | - | - | €50,761 | €0 | - | - |
| Trade debts44 | €1,607 | €4,493 | €32,127 | €5,367 | €262 | ▼ 95.1% |
| Suppliers440/4 | €1,607 | €4,493 | €32,127 | €5,367 | €262 | ▼ 95.1% |
| Advances received on contracts in progress46 | - | - | €419,250 | €0 | - | - |
| Taxes, remuneration and social security45 | €4,483 | €18,431 | €45,756 | €40,276 | €23,064 | ▼ 42.7% |
| Taxes450/3 | €4,483 | €18,431 | €45,756 | €40,276 | €23,064 | ▼ 42.7% |
| Other amounts payable47/48 | €2,439 | €2,367 | €42,672 | €94,295 | €48,400 | ▼ 48.7% |
| Accrued charges and deferred income492/3 | - | - | €1,297 | €2,464 | €3,182 | ▲ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,295 | €15,133 | €56,932 | €205,967 | €5,145 | ▼ 97.5% |
| + Depreciation and write-downs630 | €1,863 | €1,049 | €1,104 | €1,044 | €22,189 | ▲ 2,025% |
| Operating cash flow (approximation) | €14,158 | €16,183 | €58,037 | €207,011 | €27,334 | ▼ 86.8% |
| Investment in fixed assets (approximation) | - | -€660 | -€3,501 | -€444,000 | -€1 | ▲ 100.0% |
| Change in cash | - | €17,406 | €368,767 | -€269,900 | -€44,635 | ▲ 83.5% |
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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €5,145 ▼97.5%
Net result drops to €5,145, the lowest in the series.
11-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €205,967 ▲262%
Operating result €280,127, net result €205,967, both a record.
31-12
Financial
Equity above €200,000Eq €234,504 ▲168%
4 profitable years in a row build equity to €234,504.
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 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, Bocholt · 1 establishment unit since 2020
Ground area
782 m²
Building footprint
158 m²
Volume, LiDAR
1,113 m³
Parcel 72031A0098/00Y014, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SMT-CONSTRUCT
since 20202.300.376.774
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72031A0098/00Y014 | Flanders | 782 m² | 1 · 158 m² | 10.9 m · 2 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
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
40%
-
24%
According to the 2025 annual accounts of SMT-CONSTRUCT and those 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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Of 18,252 companies in sector 71111 we hold annual accounts for 6,320. 4,945 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
Founded28-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Contact
E-mail
eric@sakpellens.beBocholt
Phone
011/80.55.72Bocholt
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744556756
Registered
13-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.