ACTIVE

SMETS

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Financial year 2025 · closed on 31/12/2025

Net result

116,6 k €

-12.9% YoY

Gross margin

230,7 k €

-12.1% YoY

Equity

871 k €

+15.5% YoY

What does SMETS do?

SMETS is a Private limited company incorporated in 1981. Its main activity is: Joinery installation. Its registered office is in Retie.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.205.078

Incorporation

01/01/1981

Legal form

Private limited company

Registered office

Turnhoutsebaan 104
2470 Retie · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	230,7 k €	-12.1%	262,6 k €	-22.6%	339,3 k €	+58.2%	214,5 k €	+28.1%	167,4 k €	+33.0%	125,9 k €	+6.0%	118,8 k €	+100%	59,3 k €	-34.4%	90,4 k €	+12.3%	80,5 k €	+21.9%	66 k €	+12.4%	58,8 k €	+213%	-52 k €	-302%	25,8 k €	+22.9%	21 k €	-9.7%	23,2 k €	-59.5%	57,3 k €	-28.8%	80,5 k €	-2.1%	82,2 k €	+2.2%	80,4 k €
EBITDA	229,7 k €	-12.2%	261,6 k €	-22.7%	338,3 k €	+58.4%	213,6 k €	+28.4%	166,4 k €	+33.5%	124,6 k €	+5.8%	117,8 k €	+102%	58,4 k €	-33.5%	87,9 k €	+13.5%	77,4 k €	+25.6%	61,7 k €	+15.1%	53,6 k €	+195%	-56,6 k €	-364%	21,4 k €	+27.1%	16,8 k €	-12.4%	19,2 k €	-61.8%	50,4 k €	-33.6%	75,8 k €	-2.9%	78,1 k €	+3.0%	75,8 k €
Operating result	157 k €	-15.5%	185,7 k €	-31.1%	269,5 k €	+81.4%	148,6 k €	+49.0%	99,8 k €	+53.4%	65 k €	+35.1%	48,1 k €	+1071%	-5 k €	-114%	35,2 k €	-5.7%	37,3 k €	+0.3%	37,2 k €	-21.1%	47,2 k €	+171%	-66,2 k €	-728%	10,5 k €	+2049%	-541,1 €	+92.9%	-7,7 k €	-147%	16,2 k €	-62.9%	43,5 k €	-0.3%	43,6 k €	-1.5%	44,3 k €
Net result	116,6 k €	-12.9%	133,9 k €	-28.8%	188 k €	+69.4%	111 k €	+37.2%	80,9 k €	+47.5%	54,8 k €	+76.5%	31,1 k €	+498%	-7,8 k €	-131%	24,9 k €	-15.2%	29,4 k €	+3.6%	28,4 k €	-38.7%	46,3 k €	+169%	-66,6 k €	-622%	12,8 k €	+984%	1,2 k €	-55.1%	2,6 k €	-46.7%	4,9 k €	-84.8%	32,4 k €	-4.4%	33,8 k €	+8.3%	31,3 k €
Balance sheet
Equity	871 k €	+15.5%	754,4 k €	+21.6%	620,5 k €	+43.5%	432,5 k €	+34.5%	321,6 k €	-23.6%	420,7 k €	+15.0%	365,9 k €	+9.3%	334,8 k €	-2.3%	342,6 k €	+7.9%	317,7 k €	+10.2%	288,3 k €	+10.9%	259,9 k €	+21.7%	213,6 k €	-23.8%	280,2 k €	+4.8%	267,5 k €	+0.4%	266,3 k €	+1.0%	263,7 k €	+1.9%	258,7 k €	+14.3%	226,4 k €	+17.6%	192,5 k €
Total assets	917,6 k €	+1.8%	901,3 k €	+5.0%	858,2 k €	+21.2%	707,8 k €	-3.4%	732,9 k €	+54.3%	475 k €	+18.7%	400,2 k €	+6.0%	377,5 k €	+3.1%	366,2 k €	+6.8%	342,8 k €	+3.3%	331,8 k €	+12.2%	295,8 k €	+19.9%	246,6 k €	-21.2%	313 k €	+2.8%	304,5 k €	-6.0%	323,9 k €	+1.2%	320 k €	+2.1%	313,6 k €	+11.9%	280,2 k €	+2.4%	273,7 k €
Cash	553 k €	+18.8%	465,4 k €	+6.3%	437,7 k €	+166%	164,7 k €	-52.4%	346,1 k €	+13.5%	304,8 k €	+22.6%	248,7 k €	+38.7%	179,3 k €	+22.8%	146 k €	-2.8%	150,2 k €	-19.0%	185,4 k €	-0.3%	185,9 k €	+19.3%	155,9 k €	-33.5%	234,4 k €	+8.2%	216,7 k €	+28.5%	168,6 k €	+21.6%	138,7 k €	+40.7%	98,6 k €	+20.9%	81,5 k €	+24.7%	65,4 k €
Debts	46,6 k €	-68.3%	146,8 k €	-16.5%	175,9 k €	-35.2%	271,6 k €	-33.4%	407,6 k €	+654%	54,1 k €	+57.7%	34,3 k €	-19.7%	42,7 k €	+81.4%	23,6 k €	-6.1%	25,1 k €	-42.4%	43,6 k €	+21.2%	35,9 k €	+8.8%	33 k €	+0.7%	32,8 k €	-11.6%	37,1 k €	-35.7%	57,7 k €	+2.3%	56,3 k €	+2.7%	54,8 k €	+1.8%	53,9 k €	-33.6%	81,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

bart smets

Director

Active

kurt smets

Director

Active

louis smets

Director

Active

Ended mandates

bart smets

Mandate

Ended

bart smets

Manager

Ended

kurt smets

Manager

Ended

Kurt Smets

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	15/06/2026	18/06/2025	17/06/2024	05/06/2023	25/07/2022	08/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	07/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/06/2026	15/06/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	18/06/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	17/06/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	05/06/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	25/07/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	08/07/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	12/06/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	17/06/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	07/06/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	16/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 3 active · 6 ended

Active mandates

bart smets

Director

Active

kurt smets

Director

Active

louis smets

Director

Active

Ended mandates

bart smets

Mandate

Ended

bart smets

Manager

Ended

kurt smets

Manager

Ended

Kurt Smets

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
PDF
Capital / shares09/04/2003
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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 2025116,6 k €↓
2024
Annual accounts 2024133,9 k €↓
2023
Annual accounts 2023188 k €↑
2022
Annual accounts 2022111 k €↑
2021
Annual accounts 202180,9 k €↑
2020
Annual accounts 202054,8 k €↑
2019
Annual accounts 201931,1 k €↑
2018
Annual accounts 2018-7,8 k €↓
2017
Annual accounts 201724,9 k €↓
2016
Annual accounts 201629,4 k €↑
2015
Annual accounts 201528,4 k €↓
2014
Annual accounts 201446,3 k €↑
2013
Annual accounts 2013-66,6 k €↓
2012
Annual accounts 201212,8 k €↑
2011
Annual accounts 20111,2 k €↓
2010
Annual accounts 20102,6 k €↓
2009
Annual accounts 20094,9 k €↓
2008
Annual accounts 200832,4 k €↓
2007
Annual accounts 200733,8 k €↑
2006
Annual accounts 200631,3 k €
01/01/1981
IncorporationPrivate 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

SMETS

Overview

What does SMETS do?

Trend over 20 financial years

Indicative valuation

Board of directors

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