Active BE 0801.648.877Private limited company

DE SMET - DM

Baaigemstraat 226 ·9890 Gavere, Belgium· 3 yrs active

Sector: Raising of other animals (01480)

Conclusion Checked

DE SMET - DM has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €634k and a net result of €9k. Its solvency ranks better than 95% of 3938 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€634k
Net result	€9k
Better than sector	95%
Active	3 yrs

Financial profile 5 of 5 axes measured · computed by Checked

77 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 92

Profitability 65

Solvency 83

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

92 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€7k

estimate, not credit advice

Score history

51 2023

92 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.22 (≥ 1.0) +5

Leverage Debt/equity 0.08 (< 1.0) +10

Profitability ROE 1% +3

EBITDA margin EBITDA-marge 58% (≥ 10%) +8

Interest coverage Interest coverage 13.6× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 01, Crop and animal production, hunting and related service activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	92.3%	32.1%	better than 95% of 3938 sector peers
Net result	€9k	€6k	better than 55% of 3936 sector peers
Equity	€634k	€84k	better than 91% of 3939 sector peers
Gross operating margin	€44k	€44k	better than 50% of 3934 sector peers
Total assets	€687k	€328k	better than 73% of 3938 sector peers

Revenue

€70k

-21.1% 23-24

EBITDA

€40k

+60.3% 23-24

Net profit

€9k

- 23-24

Cash flow

€37k

+64.2% 23-24

Total assets

€687k

+0.2% 23-24

Equity

€634k

+0.7% 23-24

Working capital

€11k

- 23-24

Income taxes

€600

- 23-24

Dividends

€2k

- 23-24

Debt

€53k

-5.9% 23-24

Debt ≤ 1y

€49k

-2.0% 23-24

Debt > 1y

€2k

-64.4% 23-24

Current ratio

1.22

+35.5% 23-24

Quick ratio

0.90

+59.7% 23-24

Solvency

92.3%

+0.5% 23-24

Debt / equity

0.08

-6.5% 23-24

ROE

1.4%

- 23-24

ROA

1.3%

- 23-24

Net margin

12.3%

- 23-24

EBITDA margin

57.5%

+103.2% 23-24

Interest coverage

13.63

+42.8% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	€70k	€89k
EBITDA	€40k	€25k
Net profit	€9k	€-2k
Cash flow	€37k	€23k
Staff costs	-	-
Income taxes	€600	-
Dividends	€2k	-
Total assets	€687k	€686k
Equity	€634k	€630k
Debt	€53k	€56k
of which ≤ 1y	€49k	€49k
of which > 1y	€2k	€7k
Working capital	€11k	€-5k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	1.22	0.90
Quick ratio	0.90	0.56
Working capital ratio	1.6%	-0.7%
Solvency	92.3%	91.8%
Debt / equity	0.08	0.09
Long-term debt ratio	0.00	0.01
Interest coverage	13.63	9.55
Gross margin	-8.7%	29.4%
Net margin	12.3%	-2.3%
ROA	1.3%	-0.3%
ROE	1.4%	-0.3%
EBITDA margin	57.5%	28.3%
Days sales outstanding	4d	1d
Days payable outstanding	1d	9d
Inventory turnover	4.86	3.74
Days inventory (DSI)	75d	97d

Balance-sheet composition 2024

Assets

Fixed assets €628k · 91.4% Current assets €59k · 8.6%

Equity & liabilities

Equity €634k · 92.3% Debt €53k · 7.7%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€687k	€686k
Fixed assets	21/28	€628k	€641k
Intangible fixed assets	21	€3k	€4k
Tangible fixed assets	22/27	€624k	€638k
Current assets	29/58	€59k	€45k
Stocks & contracts in progress	3	€16k	€17k
Amounts receivable within one year	40/41	€681	€833
Cash & bank	54/58	€42k	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€687k	€686k
Equity	10/15	€634k	€630k
Contributions / capital	10/11	€632k	€632k
Reserves	13	€2k	-
Accumulated profits (losses)	14	-	€-2k
Amounts payable	17/49	€53k	€56k
Amounts payable after one year	17	€2k	€7k
Amounts payable within one year	42/48	€49k	€49k
Trade debts payable within one year	44	€154	€2k
Income statement
Turnover	70	€70k	€89k
Gross operating margin	9900	€44k	€29k
Operating result	9901	€12k	€583
Financial income	75	€232	€4
Financial charges	65	€3k	€3k
Result before taxes	9903	€9k	€-2k
Income taxes	67/77	€600	-
Net result for the period	9904	€9k	€-2k
Result to be appropriated	9905	€9k	€-2k

Legal Structure

NACE primary	Raising of other animals(01480)
Legal form	Private limited company(610)
Incorporation	10-05-2023
Status	Active
Postal code	9890

Establishment units 1 location

DE SMET - DM

Baaigemstraat 226, 9890 GavereCrop and animal production, hunting and related service activities

since 20232.345.009.642

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44020A0847/00Y000	Flanders	840 m²	1 · 149 m²	3.4 m · 1 fl.

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.

Updates 2 events

All 3Financial 1Filings 2

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

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

Belgian State Gazette reading coverage 0 of 1 acts read

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.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Raising of other animals01480Crop and animal production, hunting and related service activities01490Retail trade47522

Names & trade names

Legal nameNL

DE SMET - DM

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