SMT-CONSTRUCT
Annual accounts 2025
abbreviated format, filed on 03-04-2026, 119 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €100,000 and €210,000.
Balance sheet
balance sheet total €647,627 on 31-12-2025in euro
in euro
Position in the sector
37.0%
Higher than 39% of 2,563 companies in 2025.
2.45
Higher than 65% of 2,519 companies in 2025.
0.8%
Higher than 28% of 2,540 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
647,627 | 726,905 | 679,224 | 55,718 | 23,823 | |
21/28 |
425,534 | 447,722 | 4,766 | 2,370 | 2,759 | |
22/27 |
418,032 | 440,221 | 1,265 | 2,370 | 2,759 | |
22 |
417,940 | 439,940 | - | - | - | |
23 |
36 | 93 | 151 | 209 | 266 | |
24 |
56 | 188 | 1,114 | 2,161 | 2,492 | |
28 |
7,502 | 7,501 | 3,501 | - | - | |
29/58 |
222,093 | 279,183 | 674,457 | 53,349 | 21,065 | |
3 |
750 | 0 | 248,749 | - | - | |
30/36 |
750 | 0 | 248,749 | - | - | |
40/41 |
130,426 | 145,682 | 22,385 | 21,465 | 7,269 | |
40 |
73,040 | 60,568 | 22,385 | 20,570 | 6,250 | |
41 |
57,386 | 85,113 | 0 | 895 | 1,019 | |
54/58 |
85,432 | 130,068 | 399,968 | 31,202 | 13,796 | |
490/1 |
5,485 | 3,434 | 3,355 | 682 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
647,627 | 726,905 | 679,224 | 55,718 | 23,823 | |
10/15 |
239,649 | 234,504 | 87,361 | 30,428 | 15,295 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
236,649 | 231,504 | 84,361 | 27,428 | 12,295 | |
133 |
236,649 | 231,504 | 84,361 | 27,428 | 12,295 | |
14 |
0 | 0 | - | - | - | |
17/49 |
407,978 | 492,401 | 591,863 | 25,290 | 8,529 | |
17 |
314,028 | 331,506 | - | - | - | |
170/4 |
314,028 | 331,506 | - | - | - | |
42/48 |
90,767 | 158,431 | 590,566 | 25,290 | 8,529 | |
42 |
19,042 | 18,494 | - | - | - | |
43 |
- | 0 | 50,761 | - | - | |
430/8 |
- | 0 | 50,761 | - | - | |
44 |
262 | 5,367 | 32,127 | 4,493 | 1,607 | |
440/4 |
262 | 5,367 | 32,127 | 4,493 | 1,607 | |
46 |
- | 0 | 419,250 | - | - | |
45 |
23,064 | 40,276 | 45,756 | 18,431 | 4,483 | |
450/3 |
23,064 | 40,276 | 45,756 | 18,431 | 4,483 | |
47/48 |
48,400 | 94,295 | 42,672 | 2,367 | 2,439 | |
492/3 |
3,182 | 2,464 | 1,297 | - | - | |
| Income statement | ||||||
76A |
- | 0 | 13,002 | - | - | |
9900 |
48,916 | 282,396 | 80,518 | 23,150 | 20,694 | |
630 |
22,189 | 1,044 | 1,104 | 1,049 | 1,863 | |
640/8 |
1,271 | 1,225 | 970 | 884 | 1,725 | |
9901 |
25,455 | 280,127 | 78,444 | 21,217 | 17,106 | |
75/76B |
248 | 2,009 | 233 | - | - | |
75 |
248 | 2,009 | 233 | - | - | |
65/66B |
17,892 | 19,961 | 6,978 | 251 | 328 | |
65 |
17,892 | 19,961 | 6,978 | 251 | 328 | |
9903 |
7,811 | 262,174 | 71,698 | 20,965 | 16,778 | |
67/77 |
2,667 | 56,207 | 14,766 | 5,832 | 4,483 | |
9904 |
5,145 | 205,967 | 56,932 | 15,133 | 12,295 | |
9905 |
5,145 | 205,967 | 56,932 | 15,133 | 12,295 | |
| Appropriation of the result | ||||||
9906 |
5,145 | 205,967 | 56,932 | 15,133 | 12,295 | |
691/2 |
5,145 | 147,144 | 56,932 | 15,133 | 12,295 | |
6921 |
5,145 | 147,144 | 56,932 | 15,133 | 12,295 | |
694/7 |
0 | 58,824 | - | - | - | |
694 |
0 | 58,824 | - | - | - | |
| Social balance sheet | ||||||
9087 |
0 | 0 | - | - | - | |
| Document | ||||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 03-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-04-2026 | 2026-00073857 | |
| 31-12-2024 | abbreviated format | 11-04-2025 | 2025-00068726 | |
| 31-12-2023 | micro format | 19-04-2024 | 2024-00066048 | |
| 31-12-2022 | micro format | 12-06-2023 | 2023-00123038 | |
| 31-12-2021 | micro format | 18-08-2022 | 2022-20304078 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 47,645 | 281,171 | 79,548 | 22,266 | 18,969 | ||
| 27,334 | 207,011 | 58,037 | 16,183 | 14,158 | ||
| 1 | 444,000 | 3,501 | 660 | 4,621 | ||
| -44,635 | -269,900 | 368,767 | 17,406 | - | ||
| 131,326 | 120,752 | 83,891 | 28,059 | 12,536 | ||
| 37.0% | 32.3% | 12.9% | 54.6% | 64.2% | ||
| 2.45 | 1.76 | 1.14 | 2.11 | 2.47 | ||
| 2.44 | 1.76 | 0.72 | 2.11 | 2.47 | ||
| 1.70 | 2.10 | 6.77 | 0.83 | 0.56 | ||
| 2.1% | 87.8% | 65.2% | 49.7% | 80.4% | ||
| 0.8% | 28.3% | 8.4% | 27.2% | 51.6% | ||
| 2.66 | 14.09 | 11.40 | 88.61 | 57.80 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €440,000 | - | €660 | €4,621 |
| Financial fixed assets | €1 | €4,000 | €3,501 | - | - |
| €22,189 | €1,044 | €1,104 | €1,049 | €1,863 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SMT-CONSTRUCT
The operating result for 2025 is 91% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 67.7% to 63.0%. Equity is higher and debt is lower.
- 2024 Net result +262% on 2023. The accounts now follow the abbreviated format, last year the micro format.