SMETCO
ActiveSMETCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.47M and a net result of €29k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-1
Solvency73▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.74 in 2024; short-term debt: 31.4% and cash: 8.4% of total assets), and 52.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
47.7%
Return on assets
0.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
28 d early
2023
20 d early
2022
26 d early
2021
37 d early
2020
5 d early
2019
35 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29k▼ 59.8%
2024 · €71k
2018: €-67k
2019: €35k
2020: €381k
2021: €93k
2022: €377k
2023: €259k
2024: €71k
2018 → 2025
Working capital
€704k▼ 32.5%
2024 · €1.04M
2018: €732k
2019: €641k
2020: €1.18M
2021: €1.15M
2022: €1.28M
2023: €1.36M
2024: €1.04M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.73M-€2.11M▲ 21.8%€2.37M▲ 12.3%€2.44M▲ 3.0%€2.47M▲ 1.2%
Operating result€135k-€461k▲ 241%€405k▼ 12.3%€149k▼ 63.1%€93k▼ 37.7%
Net result€93k-€377k▲ 305%€259k▼ 31.2%€71k▼ 72.6%€29k▼ 59.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 38% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.17M
Fixed assets
€2.85M▼ 8.2%
Current assets
€2.33M▼ 5.0%
Equity and liabilities €5.17M
Equity
€2.47M▲ 1.2%
Debt
€2.71M▼ 13.0%
The debt ratio falls from 56.0% to 52.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€652k▲
2024 · €628k
Cash flow
€588k▲
2024 · €550k
Solvency
47.7%▲
2024 · 44.0%
Current ratio
1.43▼
2024 · 1.74
Quick ratio
1.43▼
2024 · 1.74
Debt / equity
1.10▼
2024 · 1.28
ROE
1.2%▼
2024 · 2.9%
ROA
0.6%▼
2024 · 1.3%
Interest coverage
13.56▲
2024 · 10.74
Debt
€2.71M▼
2024 · €3.11M
Debt ≤ 1 year
€1.62M▲
2024 · €1.41M
Debt > 1 year
€1.08M▼
2024 · €1.70M
Income taxes
€17k▼
2024 · €21k
Staff costs
€1.18M▲
2024 · €1.16M
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€5.55M€5.17M▼
Fixed assets21/28€3.10M€2.85M▼
Intangible fixed assets21€678€509▼
Tangible fixed assets22/27€3.10M€2.84M▼
Plant, machinery and equipment23€143k€130k▼
Furniture and vehicles24€267k€456k▲
Leasing and similar rights25€2.68M€2.25M▼
Financial fixed assets28€6k€6k▲
Current assets29/58€2.45M€2.33M▼
Amounts receivable within one year40/41€1.63M€1.81M▲
Trade receivables40€1.04M€1.26M▲
Other amounts receivable41€591k€547k▼
Cash at bank and in hand54/58€775k€437k▼
Deferred charges and accrued income490/1€43k€84k▲
Equity and liabilities
Total equity and liabilities10/49€5.55M€5.17M▼
Equity10/15€2.44M€2.47M▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€2.37M€2.40M▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€2.37M€2.40M▲
Amounts payable17/49€3.11M€2.71M▼
Amounts payable after more than one year17€1.70M€1.08M▼
Financial debts170/4€1.50M€882k▼
Other amounts payable178/9€200k€200k=
Amounts payable within one year42/48€1.41M€1.62M▲
Current portion of amounts payable after more than one year42€570k€603k▲
Financial debts43€17k€4k▼
Credit institutions430/8€17k€4k▼
Trade debts44€582k€756k▲
Suppliers440/4€582k€756k▲
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€216k€242k▲
Taxes450/3€96k€100k▲
Remuneration and social security454/9€120k€142k▲
Other amounts payable47/48€18k€18k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.16M€1.18M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€479k€559k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k-
Other operating charges640/8€88k€82k▼
Gross operating margin9900€1.89M€1.91M▲
Operating profit (loss)9901€149k€93k▼
Financial income75/76B€1k€697▼
Recurring financial income75€1k€697▼
Financial charges65/66B€58k€48k▼
Recurring financial charges65€58k€48k▼
Profit (loss) for the period before taxes9903€92k€46k▼
Income taxes67/77€21k€17k▼
Profit (loss) for the period9904€71k€29k▼
Profit (loss) for the period to be appropriated9905€71k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€29k▼
Transfer to equity691/2€71k€29k▼
To other reserves6921€71k€29k▼
Social balance
Average headcount (FTE)908717.117.9▲
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
12-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Permanent representative3 facts ▸
- General meeting, 13/07/2026
- Director appointment, Smet Geert (gedelegeerd bestuurder)
- Permanent representative, Smet Geert
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.11M ▲21.8%
4 profitable years in a row build equity to €2.11M.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €381k ▲977%
Net result €381k, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Smet Geert
CurrentManaging director · since 01-07-2026
01-07-2026
Appointed as Managing director
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 1993
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.
Manta 59250 WaasmunsterGround area
3,599 m²
Building footprint
681 m²
Volume, LiDAR
4,548 m³
Parcel 42342C0847/00T004, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SMETCO NV
since 19932.061.343.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42342C0847/00T004 | Flanders | 3,599 m² | 1 · 681 m² | 7.9 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 2025 · 7 entries · 22,020 EUR awarded · 22,019 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,769 EUR | 1,769 EUR |
| 2024 | 1 | 332 EUR | 364 EUR |
| 2023 | 2 | 1,513 EUR | 1,629 EUR |
| 2022 | 3 | 18,406 EUR | 18,257 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 279 companies in sector 38330 we hold annual accounts for 240. 172 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-01-1993
Fiscal year end31-12
Activities, NACEBEL
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
63406
90021
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.