Smeyers Projects

Active

Private limited companyfounded 20178 yrs activeBrunerodeplein 14, 3360 Bierbeek, BelgiumKBO/BCE: BE 0684.588.287

Smeyers Projects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €276k and a net result of €60k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 4760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

90 / 100

Excellent▼ -10 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency100=

Growth32▼-46

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 3.48 against 8.54 in 2024), and 28.2% 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

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← 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 2025

Solvency, return and age of the figures

Solvency

71.8%

Return on assets

15.7%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 8 filings

Deviation from the deadline

2025

17 d late

2024

39 d late

2023

6 d early

2022

3 d early

2021

23 d late

2020

30 d late

2019

28 d late

← before the deadline after the deadline →

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 months

Position in the running window

05-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€276k▼ 40.2%

2024 · €462k

2022: €409k 2023: €441k 2024: €462k

2022 → 2025

Total assets

€384k▼ 26.3%

2024 · €522k

2022: €419k 2023: €519k 2024: €522k

2022 → 2025

Net result

€60k▼ 43.5%

2024 · €107k

2022: €88k 2023: €95k 2024: €107k

2022 → 2025

Working capital

€269k▼ 40.6%

2024 · €453k

2022: €392k 2023: €428k 2024: €453k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€409k-€441k▲ 7.8%€462k▲ 4.7%€276k▼ 40.2%

Operating result€124k-€134k▲ 8.6%€148k▲ 10.3%€84k▼ 43.5%

Net result€88k-€95k▲ 8.3%€107k▲ 12.4%€60k▼ 43.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 43% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €384k

98.2%

Fixed assets €7k▼ 19.3%

Current assets €378k▼ 26.4%

Equity and liabilities €384k

71.8%

28.2%

Equity €276k▼ 40.2%

Debt €109k▲ 80.6%

The debt ratio rises from 11.5% to 28.2%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€87k▼

2024 · €151k

Cash flow

€63k▼

2024 · €110k

Solvency

71.8%▼

2024 · 88.5%

Current ratio

3.48▼

2024 · 8.54

Quick ratio

3.48▼

2024 · 8.54

Debt / equity

0.39▲

2024 · 0.13

ROE

21.8%▼

2024 · 23.1%

ROA

15.7%▼

2024 · 20.4%

Interest coverage

198.22▼

2024 · 463.52

Debt

€109k▲

2024 · €60k

Debt ≤ 1 year

€109k▲

2024 · €60k

Income taxes

€23k▼

2024 · €44k

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

Total assets 20/58€522k€384k▼

Fixed assets 21/28€8k€7k▼

Tangible fixed assets 22/27€8k€7k▼

Financial fixed assets 28€130€130=

Current assets 29/58€513k€378k▼

Amounts receivable within one year 40/41€24k€199k▲

Cash & bank 54/58€487k€177k▼

Total equity & liabilities 10/49€522k€384k▼

Equity 10/15€462k€276k▼

Contributions / capital 10/11€10k€10k=

Reserves 13€452k€266k▼

Accumulated profits (losses) 14€0€0=

Amounts payable 17/49€60k€109k▲

Amounts payable within one year 42/48€60k€109k▲

Trade debts payable within one year 44€957€11k▲

Income statement Code20242025

Gross operating margin 9900€152k€88k▼

Operating result 9901€148k€84k▼

Financial income 75€3k€0▼

Financial charges 65€326€436▲

Result before taxes 9903€151k€83k▼

Income taxes 67/77€44k€23k▼

Net result for the period 9904€107k€60k▼

Result to be appropriated 9905€107k€60k▼

Timeline · acts, filings and financial milestones

All 10Financial 2Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

17-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 17 days late

2025

31-12

Financial Weakest financial yearnet €60k ▼43.5%

Net result drops to €60k, the lowest in the series.

08-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 39 days late

2024

31-12

Financial Highest result since 2022net €107k ▲12.4%

Operating result €148k, net result €107k, both a record.

25-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

28-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

23-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 23 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

28-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 28 days late

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 28 days late

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

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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