TIM SMET
ActiveTIM SMET has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €628k and a net result of €185k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 74% of 8589 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency90▲+21
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 0.63 in 2024), and 21.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
78.6%
Return on assets
23.2%
Age of the figures
8 mo
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 · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €628k
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
3 d early
2023
41 d early
2022
26 d early
2021
83 d early
2020
67 d early
2019
67 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€628k▲ 41.8%
2024 · €443k
2018: €478k
2019: €529k
2020: €472k
2021: €343k
2022: €328k
2023: €275k
2024: €443k
2018 → 2025
Total assets
€799k▲ 17.9%
2024 · €678k
2018: €568k
2019: €540k
2020: €564k
2021: €554k
2022: €483k
2023: €499k
2024: €678k
2018 → 2025
Net result
€185k▲ 10.2%
2024 · €168k
2018: €71k
2019: €51k
2020: €26k
2021: €-30k
2022: €38k
2023: €18k
2024: €168k
2018 → 2025
Working capital
€88k
2024 · €-83k
2018: €32k
2019: €63k
2020: €4k
2021: €-50k
2022: €-68k
2023: €-179k
2024: €-83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€343k-€328k▼ 4.5%€275k▼ 16.2%€443k▲ 61.2%€628k▲ 41.8%
Operating result€62k-€60k▼ 3.4%€34k▼ 43.4%€48k▲ 41.9%€54k▲ 13.3%
Net result€-30k-€38k€18k▼ 53.7%€168k▲ 858%€185k▲ 10.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €799k
Fixed assets
€552k▲ 2.6%
Current assets
€247k▲ 77.2%
Equity and liabilities €799k
Equity
€628k▲ 41.8%
Debt
€171k▼ 27.1%
The debt ratio falls from 34.7% to 21.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€71k▲
2024 · €64k
Cash flow
€202k▲
2024 · €185k
Solvency
78.6%▲
2024 · 65.3%
Current ratio
1.55▲
2024 · 0.63
Quick ratio
1.55▲
2024 · 0.63
Debt / equity
0.27▼
2024 · 0.53
ROE
29.5%▼
2024 · 38.0%
ROA
23.2%▼
2024 · 24.8%
Interest coverage
6.21▲
2024 · 5.01
Debt
€171k▼
2024 · €235k
Debt ≤ 1 year
€160k▼
2024 · €222k
Income taxes
€33k▲
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€678k€799k▲
Fixed assets21/28€538k€552k▲
Tangible fixed assets22/27€60k€49k▼
Plant, machinery and equipment23€973€3k▲
Furniture and vehicles24€46k€34k▼
Other tangible fixed assets26€13k€12k▼
Financial fixed assets28€478k€503k▲
Current assets29/58€139k€247k▲
Amounts receivable within one year40/41€37k€177k▲
Trade receivables40€12k€22k▲
Other amounts receivable41€25k€156k▲
Cash at bank and in hand54/58€100k€55k▼
Deferred charges and accrued income490/1€3k€15k▲
Equity and liabilities
Total equity and liabilities10/49€678k€799k▲
Equity10/15€443k€628k▲
Contributions10/11€20k€20k=
Reserves13€422k€608k▲
Distributable reserves133€422k€608k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€235k€171k▼
Amounts payable within one year42/48€222k€160k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€30k€30k▼
Taxes450/3€28k€25k▼
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€189k€124k▼
Accrued charges and deferred income492/3€13k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€66k€72k▲
Operating profit (loss)9901€48k€54k▲
Financial income75/76B€160k€175k▲
Recurring financial income75€75k€150k▲
Non-recurring financial income76B€85k€25k▼
Financial charges65/66B€13k€11k▼
Recurring financial charges65€13k€11k▼
Profit (loss) for the period before taxes9903€195k€218k▲
Income taxes67/77€26k€33k▲
Profit (loss) for the period9904€168k€185k▲
Profit (loss) for the period to be appropriated9905€168k€185k▲
Appropriation of the result
Profit (loss) to be appropriated9906€168k€185k▲
Transfer from equity791/2€0-
Transfer to equity691/2€168k€185k▲
To other reserves6921€168k€185k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €185k ▲10.2%
Net result €185k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.55
Current ratio from 0.63 to 1.55; short-term debt falls from €222k to €160k.
31-12
Financial
Equity above €500kEq €628k ▲41.8%
4 profitable years in a row build equity to €628k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-30k ▼213%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 6current ratio 7.80
Current ratio from 1.36 to 7.80; short-term debt falls from €88k to €9k.
31-12
Financial
Equity above €500kEq €529k ▲10.7%
2 profitable years in a row build equity to €529k.
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
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.
Directors · office · real estate
Directors
3 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, Waasmunster · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldstraat 129250 WaasmunsterGround area
969 m²
Building footprint
177 m²
Parcel 42023B1205/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
TIM SMET
since 20102.186.572.812
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B1205/00L000 | Flanders | 969 m² | 1 · 177 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
URBAN SOLUTIONS
BE 0821.958.105
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MORISET
BE 0884.614.759
Sint-Pieters-Woluwe · Eq €628k
MANAGEMENT & SOCIAL CONSULT
BE 0872.623.876
Schilde · Eq €628k
STRUYF
BE 0471.542.734
Wuustwezel · Eq €628k
REALFI
BE 0888.068.355
Wavre · Eq €628k
Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 32,539 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.