ACTIVE

SMET - BORING

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Financial year 2025 · closed on 31/12/2025

Net result

192 k €

+2715.8% YoY

Revenue

21,7 M €

+10.8% YoY

Equity

11,7 M €

+1.7% YoY

Workforce

100,6 ETP

-1.1% YoY

What does SMET - BORING do?

SMET - BORING is a Public limited company incorporated in 1976. Its main activity is: Construction of roads and motorways. Its registered office is in Dessel. It employs on average 100,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.687.848

Incorporation

22/12/1976

Legal form

Public limited company

Registered office

Kastelsedijk 64
2480 Dessel · FlandreSee on map

Contributed capital

7 907 984,38 €

Latest accounts

31/12/2025

Average workforce

100,6 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 42130Construction of bridges and tunnels 45230Maintenance and repair of motor vehicles 33120Repair of machinery 33120Repair of machinery+4

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	21,7 M €	+10.8%	19,5 M €	+2.2%	19,1 M €	+17.3%	16,3 M €	+0.7%	16,2 M €	-4.6%	17 M €	+7.9%	15,7 M €	+20.0%	13,1 M €	+7.4%	12,2 M €	-3.6%	12,7 M €	+6.3%	11,9 M €	+13.5%	10,5 M €	-0.3%	10,5 M €	-18.5%	12,9 M €	+11.9%	11,5 M €	-11.1%	13 M €	-6.8%	13,9 M €	+8.4%	12,8 M €	+14.5%	11,2 M €	+20.1%	9,3 M €
EBITDA	1,8 M €	-24.1%	2,4 M €	+26.4%	1,9 M €	+432%	353,6 k €	-9.8%	392,2 k €	-53.7%	846,4 k €	+137%	-2,3 M €	-461%	633,2 k €	+18.4%	534,6 k €	-2.3%	547,4 k €	+101%	272,3 k €	-18.0%	332 k €	-43.3%	585,4 k €	+0.4%	582,8 k €	-30.6%	839,2 k €	+66.0%	505,6 k €	+319%	-230,6 k €	-144%	520 k €	+44.7%	359,3 k €	+153%	-673,6 k €
Operating result	1,1 M €	-35.5%	1,6 M €	+37.1%	1,2 M €	+466%	-325,3 k €	-215%	-103,2 k €	-124%	422,7 k €	+116%	-2,6 M €	-887%	334,8 k €	+15.0%	291,1 k €	+6.2%	274,2 k €	+22673%	1,2 k €	-97.5%	48 k €	-82.8%	279 k €	+24.4%	224,3 k €	-56.5%	516,3 k €	+141%	214,1 k €	+146%	-465,5 k €	-258%	294,4 k €	+35.4%	217,4 k €	+127%	-819,4 k €
Net result	192 k €	+2716%	6,8 k €	+100%	-1,4 M €	-65.3%	-844,9 k €	-71.0%	-494,1 k €	-259%	311,7 k €	+111%	-2,9 M €	-5737%	50,8 k €	+270%	-30 k €	-53.9%	-19,5 k €	+93.6%	-303,8 k €	-17.6%	-258,4 k €	-4940%	5,3 k €	+102%	-336,9 k €	-183%	404,8 k €	+327%	94,8 k €	+117%	-542,2 k €	-1647%	35 k €	-65.7%	102,1 k €	+122%	-473,7 k €
Balance sheet
Equity	11,7 M €	+1.7%	11,5 M €	+0.1%	11,5 M €	+11.0%	10,4 M €	-7.5%	11,2 M €	+3.4%	10,9 M €	+14.1%	9,5 M €	-23.2%	12,4 M €	+0.4%	12,4 M €	-0.2%	12,4 M €	-0.2%	12,4 M €	-2.4%	12,7 M €	+9.1%	11,7 M €	+0.0%	11,6 M €	-2.0%	11,9 M €	+3.5%	11,5 M €	+20.2%	9,5 M €	-5.4%	10,1 M €	+0.3%	10,1 M €	+1.0%	10 M €
Total assets	46,3 M €	-3.0%	47,7 M €	+13.9%	41,9 M €	+21.3%	34,5 M €	+13.1%	30,5 M €	-9.7%	33,8 M €	+4.0%	32,5 M €	+11.0%	29,3 M €	-0.3%	29,4 M €	+5.2%	27,9 M €	+12.6%	24,8 M €	+1.2%	24,5 M €	+5.4%	23,2 M €	-0.2%	23,3 M €	+5.1%	22,2 M €	+3.1%	21,5 M €	+1.6%	21,1 M €	-7.7%	22,9 M €	-38.9%	37,4 M €	+47.0%	25,5 M €
Cash	416,2 k €	-18.7%	512,2 k €	+68.8%	303,4 k €	-65.8%	887,9 k €	+507%	146,3 k €	-57.7%	346,1 k €	+53.1%	226,1 k €	+7.0%	211,4 k €	+51.5%	139,5 k €	-87.7%	1,1 M €	+260%	314,8 k €	+142%	129,8 k €	-74.6%	510,8 k €	+961%	48,1 k €	-83.9%	299,6 k €	-83.6%	1,8 M €	+89.1%	968,2 k €	+45.1%	667,2 k €	-32.3%	985,4 k €	+27.0%	776 k €
Debts	34,5 M €	-4.5%	36,1 M €	+19.1%	30,3 M €	+25.8%	24,1 M €	+25.2%	19,3 M €	-15.8%	22,9 M €	-0.1%	22,9 M €	+36.5%	16,8 M €	-0.7%	16,9 M €	+9.5%	15,4 M €	+25.5%	12,3 M €	+5.7%	11,6 M €	+0.9%	11,5 M €	-0.6%	11,6 M €	+13.4%	10,2 M €	+2.8%	10 M €	-13.5%	11,5 M €	-9.4%	12,7 M €	-53.5%	27,3 M €	+77.6%	15,4 M €
Other
Workforce	100,6 ETP	-1.1%	101,7 ETP	+2.7%	99,0 ETP	+1.5%	97,5 ETP	-1.2%	98,7 ETP	+1.6%	97,1 ETP	+11.6%	87,0 ETP	+9.0%	79,8 ETP	+5.1%	75,9 ETP	+3.5%	73,3 ETP	+7.2%	68,4 ETP	+4.4%	65,5 ETP	-8.0%	71,2 ETP	-10.0%	79,1 ETP	+1.7%	77,8 ETP	-4.9%	81,8 ETP	+1.9%	80,3 ETP	+0.5%	79,9 ETP	+3.8%	77,0 ETP	+5.2%	73,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 49 ended

Active mandates

DE MIJN

Director · since 31 juillet 2025 · until 31 juillet 2031 · 0504.864.412

Represented by Gunther Sannen

Active

Dirk Smet

Managing director · since 31 juillet 2025 · until 31 juillet 2031

Active

Willem Smet

Managing director · since 31 juillet 2025 · until 31 juillet 2031

Active

Guy Cortvrindt

Director · since 28 août 2024 · until 30 juin 2027

Active

SFIDATEC

Director · since 28 août 2024 · until 30 juin 2027 · 0808.344.550

Represented by Marc Bernaerts

Active

Ended mandates

Dirk Smet

Managing director · since 30 juin 2022 · until 30 juin 2025

Ended

Dirk Smet

Managing director · since 30 juin 2022 · until 31 juillet 2025

Ended

Willem Smet

Managing director · since 30 juin 2022 · until 30 juin 2025

Ended

Willem Smet

Managing director · since 30 juin 2022 · until 31 juillet 2025

Ended

At this address

Other companies at this address

Company	CBE no.
SHM● Active	0478.621.160
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
SMET - TUNNELLING● Active	0403.664.312
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

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/07/2026	14/08/2025	30/08/2024	31/07/2023	28/07/2022	14/09/2021
General meeting	30/06/2026	31/07/2025	28/08/2024	26/07/2023	30/06/2022	15/07/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	22/07/2026	Dutch	PDF
Full model	31/12/2024	31/07/2025	14/08/2025	Dutch	PDF
Full model	31/12/2023	28/08/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	26/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Full modelCorrection	31/12/2020	15/07/2021	14/09/2021	Dutch	PDF
Full model	31/12/2020	15/07/2021	09/08/2021	Dutch	PDF
Full model	31/12/2019	15/07/2020	13/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	17/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	31/07/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	19/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	20/06/2014	02/07/2014	Dutch	PDF
Full model	31/12/2012	24/06/2013	03/07/2013	Dutch	PDF
Full model	31/12/2011	15/06/2012	15/06/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	27/06/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	19/05/2010	Dutch	PDF
Full model	31/12/2008	08/05/2009	10/06/2009	Dutch	PDF
Full model	31/12/2007	29/05/2008	16/06/2008	Dutch	PDF
Full model	31/12/2006	31/05/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 49 ended

Active mandates

DE MIJN

Director · since 31 juillet 2025 · until 31 juillet 2031 · 0504.864.412

Represented by Gunther Sannen

Active

Dirk Smet

Managing director · since 31 juillet 2025 · until 31 juillet 2031

Active

Willem Smet

Managing director · since 31 juillet 2025 · until 31 juillet 2031

Active

Guy Cortvrindt

Director · since 28 août 2024 · until 30 juin 2027

Active

SFIDATEC

Director · since 28 août 2024 · until 30 juin 2027 · 0808.344.550

Represented by Marc Bernaerts

Active

Ended mandates

Dirk Smet

Managing director · since 30 juin 2022 · until 30 juin 2025

Ended

Dirk Smet

Managing director · since 30 juin 2022 · until 31 juillet 2025

Ended

Willem Smet

Managing director · since 30 juin 2022 · until 30 juin 2025

Ended

Willem Smet

Managing director · since 30 juin 2022 · until 31 juillet 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares11/05/2026
KAPITAAL - AANDELEN
PDF
Mandates30/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2019
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025192 k €↑
2024
Annual accounts 20246,8 k €↑
2023
Annual accounts 2023-1,4 M €↓
2022
Annual accounts 2022-844,9 k €↓
2021
Annual accounts 2021-494,1 k €↓
2020
Annual accounts 2020311,7 k €↑
2019
Annual accounts 2019-2,9 M €↓
2018
Annual accounts 201850,8 k €↑
2017
Annual accounts 2017-30 k €↓
2016
Annual accounts 2016-19,5 k €↑
2015
Annual accounts 2015-303,8 k €↓
2014
Annual accounts 2014-258,4 k €↓
2013
Annual accounts 20135,3 k €↑
2012
Annual accounts 2012-336,9 k €↓
2011
Annual accounts 2011404,8 k €↑
2010
Annual accounts 201094,8 k €↑
2009
Annual accounts 2009-542,2 k €↓
2008
Annual accounts 200835 k €↓
2007
Annual accounts 2007102,1 k €↑
2006
Annual accounts 2006-473,7 k €
22/12/1976
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SMET - BORING

Overview

What does SMET - BORING do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline