WILLY SMETS

Active

Private limited companyfounded 198243 yrs activePotterijstraat 3, 3300 Tienen, BelgiumKBO/BCE: BE 0423.243.860

WILLY SMETS has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €876k and a net result of €113k. Equity is growing by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

83 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability81▼-11

Solvency100▲+6

Growth78=

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €70k at 30 days acceptable

Liquidity ample (current ratio 3.37 against 3.35 in 2023; short-term debt: 23.3% and cash: 35.7% of total assets), and 25.2% of the assets are financed with debt.

How do we compute the score and the probability?

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

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

74.8%

Return on assets

9.6%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

97 d late

2022

on the day

2021

31 d early

2020

1 d early

2019

32 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€876k▲ 14.7%

2023 · €764k

2018: €110k 2019: €237k 2020: €203k 2021: €367k 2022: €554k 2023: €764k

2018 → 2024

Total assets

€1.17M▲ 5.9%

2023 · €1.11M

2018: €343k 2019: €569k 2020: €504k 2021: €700k 2022: €986k 2023: €1.11M

2018 → 2024

Net result

€113k▼ 46.3%

2023 · €210k

2018: €10k 2019: €2k 2020: €-34k 2021: €164k 2022: €187k 2023: €210k

2018 → 2024

Working capital

€646k▼ 13.6%

2023 · €747k

2018: €86k 2019: €200k 2020: €154k 2021: €365k 2022: €509k 2023: €747k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€203k-€367k▲ 80.8%€554k▲ 51.0%€764k▲ 37.9%€876k▲ 14.7%

Operating result€-26k-€176k€326k▲ 84.7%€310k▼ 4.8%€150k▼ 51.5%

Net result€-34k-€164k€187k▲ 14.1%€210k▲ 12.2%€113k▼ 46.3%

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 fallen two years in a row; 2024 is 52% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.17M

21.6%

78.4%

Fixed assets €253k▲ 520%

Current assets €918k▼ 13.8%

Equity and liabilities €1.17M

74.8%

25.2%

Equity €876k▲ 14.7%

Debt €295k▼ 13.8%

The debt ratio falls from 30.9% to 25.2%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€209k▼

2023 · €343k

Cash flow

€171k▼

2023 · €242k

Solvency

74.8%▲

2023 · 69.1%

Current ratio

3.37▲

2023 · 3.35

Quick ratio

1.86▼

2023 · 2.04

Debt / equity

0.34▼

2023 · 0.45

ROE

12.8%▼

2023 · 27.5%

ROA

9.6%▼

2023 · 19.0%

Interest coverage

35.86▲

2023 · 31.94

Debt

€295k▼

2023 · €342k

Debt ≤ 1 year

€273k▼

2023 · €318k

Debt > 1 year

€22k▲

2023 · €11k

Income taxes

€48k▼

2023 · €91k

Staff costs

€466k▲

2023 · €394k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.11M€1.17M▲

Fixed assets21/28€41k€253k▲

Tangible fixed assets22/27€34k€246k▲

Plant, machinery and equipment23€27k€119k▲

Furniture and vehicles24€7k€126k▲

Financial fixed assets28€7k€7k=

Current assets29/58€1.06M€918k▼

Stocks and contracts in progress3€418k€411k▼

Stocks30/36€418k€411k▼

Amounts receivable within one year40/41€77k€89k▲

Trade receivables40€58k€32k▼

Other amounts receivable41€19k€57k▲

Cash at bank and in hand54/58€570k€418k▼

Equity and liabilities

Total equity and liabilities10/49€1.11M€1.17M▲

Equity10/15€764k€876k▲

Contributions10/11€41k€41k=

Reserves13€723k€835k▲

Distributable reserves133€723k€835k▲

Amounts payable17/49€342k€295k▼

Amounts payable after more than one year17€11k€22k▲

Financial debts170/4€11k€22k▲

Amounts payable within one year42/48€318k€273k▼

Current portion of amounts payable after more than one year42€8k€14k▲

Trade debts44€77k€64k▼

Suppliers440/4€77k€64k▼

Taxes, remuneration and social security45€161k€108k▼

Taxes450/3€109k€25k▼

Remuneration and social security454/9€52k€83k▲

Other amounts payable47/48€72k€86k▲

Accrued charges and deferred income492/3€13k-

Income statement Code20232024

Remuneration, social security and pensions62€394k€466k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€58k▲

Other operating charges640/8€32k€41k▲

Gross operating margin9900€768k€716k▼

Operating profit (loss)9901€310k€150k▼

Financial income75/76B€2k€17k▲

Recurring financial income75€2k€17k▲

Financial charges65/66B€11k€6k▼

Recurring financial charges65€11k€6k▼

Profit (loss) for the period before taxes9903€301k€161k▼

Income taxes67/77€91k€48k▼

Profit (loss) for the period9904€210k€113k▼

Profit (loss) for the period to be appropriated9905€210k€113k▼

Appropriation of the result

Profit (loss) to be appropriated9906€210k€113k▼

Transfer to equity691/2€210k€113k▼

To other reserves6921€210k€113k▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

05-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 97 days late

2023

31-12

Financial Highest result since 2018net €210k ▲12.2%

Net result €210k, the highest in the series.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Equity above €500kEq €554k ▲51%

2 profitable years in a row build equity to €554k.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Back to profitnet €164k

Net result €164k after one loss-making year.

30-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Weakest financial yearnet €-34k ▼1571%

Net result drops to €-34k, the lowest in the series; recovery starts the following year.

29-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Equity above €200kEq €237k ▲116%

2 profitable years in a row build equity to €237k.

28-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

21-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 21 days late

2017

18-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 18 days late

2016

23-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 23 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Tienen · 6 establishment units since 1983

establishment approximate All 6 establishment units on the map

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.

Potterijstraat 33300 Tienen

Ground area

16.5 ha

Building footprint

10.0 ha

Volume, LiDAR

893,366 m³

5 parcels, Flanders · tallest building 27.4 m, ±4 floors. Linked by address, not a title deed.

6 establishment units

WILLY SMETS

Potterijstraat 3, 3300 TienenAir transport

since 19832.021.448.227

Olleke Bolleke

Turnhoutsebaan 5, 2110 WijnegemNACE 52240

since 19932.021.448.128

Olleke Bolleke

Geitestraat 34, 2800 MechelenNACE 51360

since 20012.097.752.781

Olleke Bolleke

Kapelstraat 100, 9100 Sint-NiklaasNACE 52240

since 20072.164.927.558

Olleke Bolleke

Tiensestraat 3, 3000 LeuvenRetail sale of chocolate and confectionery

since 20092.178.548.140

American Dream

Turnhoutsebaan 5, 2110 WijnegemWholesale trade

since 20222.327.189.950

5 parcels

Flanders 5 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46445D1155/00R000	Flanders	10.8 ha	1 · 5.0 ha	18.2 m · 2 fl.
11050B0010/00E002	Flanders	5.6 ha	1 · 4.9 ha	27.4 m · 4 fl.
24592E0061/00G003indicative	Flanders	420 m²	1 · 235 m²	10.0 m · 1 fl.
24502B0830/00K000	Flanders	60 m²	1 · 60 m²	19.6 m · 3 fl.
12025D0076/00A000	Flanders	48 m²	1 · 49 m²	12.3 m · 4 fl.