ACTIVE

SMET - TUNNELLING

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Financial year 2025 · Closed on 31/12/2025

Net result15,5 k €-96,4 %over 1 year
Revenue22,3 M €+11,3 %over 1 year
Equity1,5 M €-0,9 %over 1 year
Workforce72,7 ETP+1,1 %over 1 year

Identity

Source · BCE/KBO

SMET - TUNNELLING is a Public limited company incorporated in 1968. Its main activity is: Construction of bridges and tunnels. Its registered office is in Dessel. It employs on average 72,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.664.312
Incorporation
19/04/1968
Legal form
Public limited company
Registered office
Kastelsedijk 64
2480 Dessel · FlandreSee on map
Contributed capital
1 500 000,00 €
Latest accounts
31/12/2025
Average workforce
72,7 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue22,3 M €20 M €14,7 M €24,5 M €26,3 M €
EBITDA1,5 M €1,5 M €-2,3 M €992,8 k €1,8 M €
Operating result426,3 k €269 k €-3,7 M €-519,2 k €248 k €
Net result15,5 k €430,4 k €-4 M €-587,4 k €107,2 k €
Balance sheet
Equity1,5 M €1,5 M €1,1 M €5,2 M €5,8 M €
Total assets17,4 M €19 M €15,6 M €18,2 M €21,8 M €
Cash13,4 k €53,6 k €60,7 k €70,7 k €471,5 k €
Debts15,1 M €17,4 M €14,4 M €12,6 M €15,8 M €
Other
Workforce72,7 ETP71,9 ETP76,4 ETP81,5 ETP87,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 20 ended

Active mandates

Dirk SMET

Director · since 30 juin 2022 · until 29 mai 2028

Active
Willem SMET

Managing director · since 30 juin 2022 · until 29 mai 2028

Active

Ended mandates

Dirk Smet

Director · since 30 juin 2016 · until 30 juin 2022

Ended
Dirk SMET

Director · since 30 juin 2016 · until 30 mai 2022

Ended
SMET - BORING

Director · since 30 juin 2016 · until 15 juillet 2020 · 0416.687.848

Represented by Willem Smet

Ended
SMET - BORING

Director · since 30 juin 2016 · until 30 juin 2022 · 0416.687.848

Represented by Willem Smet

Ended

Other companies at this address

Kastelsedijk 64 2480 Dessel
CompanyCBE no.
SHM● Active
0478.621.160
SMET - BORING● Active
0416.687.848
SMET-F & C● Active
0432.405.412
smet groep● Active
0898.547.721
SMET GROUP OVERSEAS● Active
0448.902.538
SMET GWT EUROPE● Active
0677.985.755
SMET PILE● Active
0677.627.845
Tijdelijke maatschap K-Boringen - SMET-TUNNELING● Active
1006.220.095
TM Bredene Gheotermie● Active
1036.636.228
TM GBL7A SMET-FRANKI● Active
1025.196.562
TM Smet-Aertssen-Soetaert● Active
1036.849.628
TM Smet F&C - Franki Foundations● Active
0759.659.062
TM SMET-F&C - SOLETANCHE-BACHY● Active
1028.884.938
TM Smet GWT Europe - IF Tech● Active
0759.751.609
TM Smet GWT Europe - Mourik Technics● Active
0801.789.231

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/07/202613/08/202530/08/202431/07/202320/07/202209/08/2021
General meeting30/06/202631/07/202528/08/202426/07/202330/06/202215/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202622/07/2026DutchPDF
Full model31/12/202431/07/202513/08/2025DutchPDF
Full model31/12/202328/08/202430/08/2024DutchPDF
Full model31/12/202226/07/202331/07/2023DutchPDF
Full model31/12/202130/06/202220/07/2022DutchPDF
Full model31/12/202015/07/202109/08/2021DutchPDF
Full model31/12/201915/07/202013/08/2020DutchPDF
Full model31/12/201828/06/201917/07/2019DutchPDF
Full model31/12/201729/06/201827/07/2018DutchPDF
Full model31/12/201629/06/201706/07/2017DutchPDF
Full model31/12/201530/06/201608/07/2016DutchPDF
Full model31/12/201430/06/201502/07/2015DutchPDF
Full model31/12/201330/05/201408/07/2014DutchPDF
Full model31/12/201224/06/201303/07/2013DutchPDF
Full model31/12/201115/06/201215/06/2012DutchPDF
Full model31/12/201006/06/201127/06/2011DutchPDF
Full model31/12/200917/05/201019/05/2010DutchPDF
Full model31/12/200808/05/200910/06/2009DutchPDF
Full model31/12/200726/05/200817/06/2008DutchPDF
Full model31/12/200629/05/200727/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 20 ended

Active mandates

Dirk SMET

Director · since 30 juin 2022 · until 29 mai 2028

Active
Willem SMET

Managing director · since 30 juin 2022 · until 29 mai 2028

Active

Ended mandates

Dirk Smet

Director · since 30 juin 2016 · until 30 juin 2022

Ended
Dirk SMET

Director · since 30 juin 2016 · until 30 mai 2022

Ended
SMET - BORING

Director · since 30 juin 2016 · until 15 juillet 2020 · 0416.687.848

Represented by Willem Smet

Ended
SMET - BORING

Director · since 30 juin 2016 · until 30 juin 2022 · 0416.687.848

Represented by Willem Smet

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/08/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/08/2014
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202515,5 k €↓
  2. 2024
    Annual accounts 2024430,4 k €↑
  3. 2023
    Annual accounts 2023-4 M €↓
  4. 2022
    Annual accounts 2022-587,4 k €↓
  5. 2021
    Annual accounts 2021107,2 k €↑
  6. 2020
    Annual accounts 2020-73,4 k €↓
  7. 2019
    Annual accounts 2019552,1 k €↑
  8. 2018
    Annual accounts 2018373,4 k €↓
  9. 2017
    Annual accounts 20171,3 M €↑
  10. 2016
    Annual accounts 20161,2 M €↑
  11. 2015
    Annual accounts 2015-906,5 k €↓
  12. 2014
    Annual accounts 2014766,7 k €↑
  13. 2013
    Annual accounts 2013-82 k €↑
  14. 2012
    Annual accounts 2012-422,5 k €↓
  15. 2011
    Annual accounts 2011-149,9 k €↓
  16. 2010
    Annual accounts 2010251,5 k €↑
  17. 2009
    Annual accounts 200931,6 k €↓
  18. 2008
    Annual accounts 2008750,7 k €↑
  19. 2007
    Annual accounts 2007675,8 k €↑
  20. 2006
    Annual accounts 200644,7 k €
  21. 19/04/1968
    IncorporationPublic limited company