GEDIMAT SMETS
ActiveSummary
GEDIMAT SMETS has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.06M and a net result of €42k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-3
Solvency99▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 4.61 against 4.46 in 2023; short-term debt: 18.3% and cash: 16.8% of total assets), and 26.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.9%
Return on assets
2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
29 d late
2022
30 d late
2021
19 d late
2020
27 d late
2019
102 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.06M▲ 4.1%
2023 · €1.02M
2018: €588k
2019: €709k
2020: €779k
2021: €813k
2022: €937k
2023: €1.02M
2018 → 2024
Total assets
€1.43M▲ 3.2%
2023 · €1.39M
2018: €965k
2019: €1.11M
2020: €1.16M
2021: €1.23M
2022: €1.40M
2023: €1.39M
2018 → 2024
Net result
€42k▼ 38.5%
2023 · €68k
2018: €31k
2019: €146k
2020: €80k
2021: €33k
2022: €192k
2023: €68k
2018 → 2024
Working capital
€946k▼ 1.3%
2023 · €958k
2018: €541k
2019: €664k
2020: €737k
2021: €805k
2022: €932k
2023: €958k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€779k-€813k▲ 4.3%€937k▲ 15.3%€1.02M▲ 8.5%€1.06M▲ 4.1%
Operating result€80k-€44k▼ 44.7%€242k▲ 448%€60k▼ 75.1%€35k▼ 41.3%
Net result€80k-€33k▼ 58.4%€192k▲ 475%€68k▼ 64.5%€42k▼ 38.5%
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 41% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.43M
Fixed assets
€224k ▲ 46.8%
Current assets
€1.21M ▼ 2.2%
Equity and liabilities €1.43M
Equity
€1.06M ▲ 4.1%
Debt
€373k ▲ 0.6%
Debt's share of the balance-sheet total falls from 26.7% to 26.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79k▼
2023 · €137k
Cash flow
€86k▼
2023 · €145k
Current ratio
4.61▲
2023 · 4.46
Quick ratio
1.82▼
2023 · 2.37
Debt to equity
0.35▼
2023 · 0.36
ROE
4.0%▼
2023 · 6.7%
ROA
2.9%▼
2023 · 4.9%
Interest coverage
25.86▼
2023 · 48.07
Debt ≤ 1 year
€262k▼
2023 · €277k
Debt > 1 year
€32k▼
2023 · €65k
Income taxes
€22k▼
2023 · €22k
Staff costs
€153k▲
2023 · €120k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.39M€1.43M▲
Fixed assets21/28€153k€224k▲
Tangible fixed assets22/27€149k€220k▲
Land and buildings22€59k€51k▼
Plant, machinery and equipment23€56k€146k▲
Furniture and vehicles24€889€436▼
Leasing and similar rights25€32k€22k▼
Financial fixed assets28€4k€4k=
Current assets29/58€1.24M€1.21M▼
Stocks and contracts in progress3€579k€730k▲
Stocks30/36€579k€730k▲
Amounts receivable within one year40/41€210k€233k▲
Trade receivables40€112k€124k▲
Other amounts receivable41€98k€110k▲
Current investments50/53€95k€1k▼
Cash at bank and in hand54/58€338k€240k▼
Deferred charges and accrued income490/1€13k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.43M▲
Equity10/15€1.02M€1.06M▲
Contributions10/11€149k€149k=
Reserves13€637k€679k▲
Non-distributable reserves130/1€15k€15k=
Reserves not available under the articles1311€15k€15k=
Tax-exempt reserves132€105k€105k=
Distributable reserves133€517k€559k▲
Profit (loss) carried forward14€231k€231k=
Amounts payable17/49€371k€373k▲
Amounts payable after more than one year17€65k€32k▼
Financial debts170/4€65k€32k▼
Amounts payable within one year42/48€277k€262k▼
Current portion of amounts payable after more than one year42€38k€13k▼
Trade debts44€37k€121k▲
Suppliers440/4€37k€121k▲
Taxes, remuneration and social security45€82k€12k▼
Taxes450/3€70k€7k▼
Remuneration and social security454/9€12k€5k▼
Other amounts payable47/48€120k€116k▼
Accrued charges and deferred income492/3€29k€79k▲
Income statement
Code20232024
Remuneration, social security and pensions62€120k€153k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€44k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€4k€6k▲
Gross operating margin9900€262k€238k▼
Operating profit (loss)9901€60k€35k▼
Financial income75/76B€33k€32k▼
Recurring financial income75€33k€32k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€90k€64k▼
Income taxes67/77€22k€22k▼
Profit (loss) for the period9904€68k€42k▼
Profit (loss) for the period to be appropriated9905€68k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€299k€273k▼
Profit (loss) brought forward from the previous period14P€231k€231k=
Transfer to equity691/2€68k€42k▼
To other reserves6921€68k€42k▼
Social balance
Average headcount (FTE)90874.75.0▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 71 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €1MEq €1.02M ▲8.5%
6 profitable years in a row build equity to €1.02M.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €192k ▲475%
Operating result €242k, net result €192k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Meise · 1 establishment unit since 1978
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.
Nieuwenrodestraat 131861 MeiseGround area
911 m²
Building footprint
602 m²
Volume, LiDAR
3,762 m³
Parcel 23093A0008/00V000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bouwpunt Smets
since 19782.015.720.178
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093A0008/00V000 | Flanders | 911 m² | 1 · 602 m² | 9.7 m · 2 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 2024 · 2 entries · 1,903 EUR awarded · 1,579 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 905 EUR | 581 EUR |
| 2022 | 1 | 998 EUR | 998 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
TOOLS & FIXINGS
BE 0633.708.423
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Belga Plastics
BE 0873.290.505
Merelbeke-Melle · Eq €1,060,440
Roofside
BE 0657.952.483
Verlaine · Eq €1,054,297
ANDRE CELIS NATUURSTEEN
BE 0403.599.083
Lubbeek · Eq €1,063,450
WIL'OUTILS
BE 0839.775.025
Chimay · Eq €1,065,550
Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 1,000 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-1978
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46810Wholesale of solid, liquid and gaseous fuels and related products
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.