SMEDERIJ DENOLF
ActiveSMEDERIJ DENOLF has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €15k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 1887 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 and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+2
Solvency92=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 3.26 in 2024; short-term debt: 30.2% and cash: 36% of total assets), and 33.4% 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
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 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
66.6%
Return on assets
8.6%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
35 d early
2023
43 d early
2022
115 d early
2021
131 d early
2020
37 d early
2019
31 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, micro schema
Equity
€116k▼ 3.2%
2024 · €120k
2018: €207k
2019: €209k
2020: €123k
2021: €86k
2022: €99k
2023: €116k
2024: €120k
2018 → 2025
Total assets
€174k▼ 2.0%
2024 · €178k
2018: €219k
2019: €220k
2020: €239k
2021: €166k
2022: €129k
2023: €197k
2024: €178k
2018 → 2025
Net result
€15k▲ 12.1%
2024 · €13k
2018: €3k
2019: €3k
2020: €19k
2021: €29k
2022: €19k
2023: €19k
2024: €13k
2018 → 2025
Working capital
€71k▼ 2.2%
2024 · €72k
2018: €194k
2019: €209k
2020: €123k
2021: €86k
2022: €98k
2023: €65k
2024: €72k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€99k▲ 14.3%€116k▲ 17.3%€120k▲ 3.8%€116k▼ 3.2%
Operating result€39k-€27k▼ 30.7%€27k▲ 0.5%€21k▼ 23.5%€22k▲ 7.2%
Net result€29k-€19k▼ 34.1%€19k▼ 2.6%€13k▼ 27.9%€15k▲ 12.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174k
Fixed assets
€51k▼ 30.9%
Current assets
€123k▲ 18.4%
Equity and liabilities €174k
Equity
€116k▼ 3.2%
Debt
€58k▲ 0.3%
The debt ratio rises from 32.6% to 33.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45k▲
2024 · €43k
Cash flow
€38k▲
2024 · €36k
Solvency
66.6%▼
2024 · 67.4%
Current ratio
2.34▼
2024 · 3.26
Quick ratio
2.34▼
2024 · 3.26
Debt / equity
0.50▲
2024 · 0.48
ROE
12.9%▲
2024 · 11.2%
ROA
8.6%▲
2024 · 7.5%
Interest coverage
29.03▲
2024 · 22.35
Debt
€58k▲
2024 · €58k
Debt ≤ 1 year
€53k▲
2024 · €32k
Debt > 1 year
€5k▼
2024 · €26k
Income taxes
€6k▲
2024 · €5k
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€178k€174k▼
Fixed assets21/28€74k€51k▼
Tangible fixed assets22/27€74k€51k▼
Furniture and vehicles24€74k€51k▼
Current assets29/58€104k€123k▲
Amounts receivable within one year40/41€35k€59k▲
Trade receivables40€25k€41k▲
Other amounts receivable41€10k€18k▲
Cash at bank and in hand54/58€68k€63k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€178k€174k▼
Equity10/15€120k€116k▼
Contributions10/11€20k€20k=
Reserves13€100k€96k▼
Distributable reserves133€100k€96k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€58k€58k▲
Amounts payable after more than one year17€26k€5k▼
Financial debts170/4€26k€5k▼
Amounts payable within one year42/48€32k€53k▲
Current portion of amounts payable after more than one year42€20k€21k▲
Trade debts44€840€670▼
Suppliers440/4€840€670▼
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€8k▲
Other amounts payable47/48€4k€24k▲
Accrued charges and deferred income492/3€160€271▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k=
Other operating charges640/8€996€1k▲
Gross operating margin9900€44k€46k▲
Operating profit (loss)9901€21k€22k▲
Financial income75/76B€140€492▲
Recurring financial income75€140€492▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€19k€21k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€13k€15k▲
Profit (loss) for the period to be appropriated9905€13k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€15k▲
Transfer from equity791/2€4k€19k▲
Transfer to equity691/2€13k€15k▲
To other reserves6921€13k€15k▲
Profit to be distributed694/7€4k€19k▲
Return on contributions (dividend)694€4k€19k▲
The notes to these accounts (7 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €116k ▲17.3%
6 profitable years in a row build equity to €116k.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.26
Current ratio from 2.08 to 4.26; short-term debt falls from €80k to €30k.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €29k ▲54.4%
Operating result €39k, net result €29k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €3k ▼14.7%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Zwevegem · 1 establishment unit since 1994
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.
Zwevegemstraat(O) 238553 ZwevegemGround area
1,204 m²
Building footprint
341 m²
Volume, LiDAR
1,845 m³
Parcel 34030A0857/00R004, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zwevegemstraat(O) 23, 8553 Zwevegem
since 19942.068.102.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34030A0857/00R004 | Flanders | 1,204 m² | 1 · 341 m² | 13.4 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.
Similar companies · same sector, comparable size
MLJ
BE 0823.277.503
Huldenberg · Eq €116k
ART METAL SERVICES
BE 0459.066.950
Zoersel · Eq €115k
ART, DESIGN & CRAFT
BE 0435.512.875
Brecht · Eq €117k
METAL-CEL
BE 0809.599.612
La Louvière · Eq €117k
SMEDERIJ DE BRUYN
BE 0635.749.876
Aalst · Eq €115k
Of 984 companies in sector 25401 we hold annual accounts for 407. 320 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-1994
Fiscal year end31-12
Activities, NACEBEL
25401Forging of metal
29322
33120Repair and maintenance of machinery
46610Wholesale trade
51880
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.