Tom De Smet
ActiveTom De Smet has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.01M and a net result of €898k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 1026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 4.06 against 6.57 in 2024; short-term debt: 15.9% and cash: 17.7% of total assets), and 15.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
84.1%
Return on assets
18.8%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
5 d early
2022
30 d late
2021
19 d early
2020
3 d early
2019
1 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.01M▲ 10.7%
2024 · €3.62M
2018: €403k
2019: €911k
2020: €1.36M
2021: €1.86M
2022: €2.38M
2023: €3.07M
2024: €3.62M
2018 → 2025
Total assets
€4.77M▲ 20.8%
2024 · €3.94M
2018: €916k
2019: €1.65M
2020: €1.96M
2021: €2.40M
2022: €2.75M
2023: €3.32M
2024: €3.94M
2018 → 2025
Net result
€898k▲ 2.4%
2024 · €877k
2018: €257k
2019: €508k
2020: €452k
2021: €503k
2022: €521k
2023: €682k
2024: €877k
2018 → 2025
Working capital
€2.32M▲ 29.3%
2024 · €1.79M
2018: €274k
2019: €717k
2020: €1.09M
2021: €1.61M
2022: €1.99M
2023: €2.11M
2024: €1.79M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.86M-€2.38M▲ 27.9%€3.07M▲ 28.5%€3.62M▲ 18.1%€4.01M▲ 10.7%
Operating result€654k-€712k▲ 8.8%€909k▲ 27.8%€1.24M▲ 36.7%€1.30M▲ 4.3%
Net result€503k-€521k▲ 3.6%€682k▲ 30.8%€877k▲ 28.6%€898k▲ 2.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.77M
Fixed assets
€1.69M▼ 7.7%
Current assets
€3.08M▲ 45.4%
Equity and liabilities €4.77M
Equity
€4.01M▲ 10.7%
Debt
€757k▲ 134%
The debt ratio rises from 8.2% to 15.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.57M▼
2024 · €1.65M
Cash flow
€1.17M▼
2024 · €1.29M
Solvency
84.1%▼
2024 · 91.8%
Current ratio
4.06▼
2024 · 6.57
Quick ratio
3.88▼
2024 · 6.33
Debt / equity
0.19▲
2024 · 0.09
ROE
22.4%▼
2024 · 24.2%
ROA
18.8%▼
2024 · 22.2%
Interest coverage
142.62▼
2024 · 1213.43
Debt
€757k▲
2024 · €324k
Debt ≤ 1 year
€757k▲
2024 · €322k
Income taxes
€412k▲
2024 · €404k
Staff costs
€145k▼
2024 · €184k
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€3.94M€4.77M▲
Fixed assets21/28€1.83M€1.69M▼
Tangible fixed assets22/27€1.83M€1.69M▼
Land and buildings22€1.04M€1.04M=
Plant, machinery and equipment23€519k€387k▼
Furniture and vehicles24€272k€264k▼
Current assets29/58€2.11M€3.08M▲
Stocks and contracts in progress3€75k€139k▲
Stocks30/36€75k€139k▲
Amounts receivable within one year40/41€548k€966k▲
Trade receivables40€463k€634k▲
Other amounts receivable41€84k€332k▲
Current investments50/53€1.00M€1.00M=
Cash at bank and in hand54/58€473k€842k▲
Deferred charges and accrued income490/1€20k€129k▲
Equity and liabilities
Total equity and liabilities10/49€3.94M€4.77M▲
Equity10/15€3.62M€4.01M▲
Contributions10/11€12k€12k=
Reserves13€3.61M€4.00M▲
Tax-exempt reserves132€12k€12k=
Distributable reserves133€3.60M€3.98M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€324k€757k▲
Amounts payable within one year42/48€322k€757k▲
Trade debts44€288k€479k▲
Suppliers440/4€288k€479k▲
Advances received on contracts in progress46€3k€0▼
Taxes, remuneration and social security45€14k€37k▲
Taxes450/3€14k€37k▲
Other amounts payable47/48€16k€240k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€184k€145k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€409k€273k▼
Other operating charges640/8€105k€11k▼
Gross operating margin9900€1.94M€1.73M▼
Operating profit (loss)9901€1.24M€1.30M▲
Financial income75/76B€39k€24k▼
Recurring financial income75€39k€24k▼
Financial charges65/66B€1k€11k▲
Recurring financial charges65€1k€11k▲
Profit (loss) for the period before taxes9903€1.28M€1.31M▲
Income taxes67/77€404k€412k▲
Profit (loss) for the period9904€877k€898k▲
Profit (loss) for the period to be appropriated9905€877k€898k▲
Appropriation of the result
Profit (loss) to be appropriated9906€877k€898k▲
Transfer from equity791/2€322k€510k▲
Transfer to equity691/2€877k€898k▲
To other reserves6921€877k€898k▲
Profit to be distributed694/7€322k€510k▲
Return on contributions (dividend)694€322k€510k▲
Social balance
Average headcount (FTE)90873.73.5▼
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €898k ▲2.4%
Operating result €1.30M, net result €898k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €2MEq €2.38M ▲27.9%
5 profitable years in a row build equity to €2.38M.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.36M ▲49.7%
3 profitable years in a row build equity to €1.36M.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €911k ▲126%
2 profitable years in a row build equity to €911k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Assenede · 1 establishment unit since 2009
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.
Abdijstraat 449968 AssenedeGround area
1.2 ha
Building footprint
194 m²
Volume, LiDAR
797 m³
Parcel 43012C1076/00A000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tom De Smet
since 20092.182.268.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43012C1076/00A000 | Flanders | 1.2 ha | 1 · 194 m² | 6.5 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,345 EUR awarded · 2,345 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 548 EUR | 548 EUR |
| 2024 | 1 | 1,125 EUR | 1,125 EUR |
| 2022 | 1 | 672 EUR | 672 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
WERKHUIZEN HENGELHOEF INDUSTRIAL CONTRACTING
BE 0440.935.274
Genk · Eq €3.99M
COMPAGNIE BELGE DE VENTILATEURS
BE 0479.130.609
Esneux · Eq €4.05M
HAESEVOETS
BE 0439.530.457
Herk-de-Stad · Eq €3.96M
DENDERMETAAL
BE 0417.782.265
Aalst · Eq €4.07M
TECHNICAS METAL CONSTRUCTION
BE 0890.924.808
Sint-Gillis (bij-Brussel) · Eq €4.08M
Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 739 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2009
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
41003General construction of other non-residential buildings
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.