ACTIVE

DE SMET

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Financial year 2025 · closed on 31/12/2025

Net result

166,9 k €

-55.2% YoY

Gross margin

397,7 k €

-30.3% YoY

Equity

7,8 M €

+2.2% YoY

Workforce

3,0 ETP

0.0% YoY

What does DE SMET do?

DE SMET is a Public limited company incorporated in 1985. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Lede. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.106.332

Incorporation

09/12/1985

Legal form

Public limited company

Registered office

Molenhoek 131
9340 Lede · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 51532Air transport

Joint committees (3)

124
1240
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	397,7 k €	-30.3%	570,6 k €	-24.5%	755,6 k €	-3.0%	779 k €	+51.2%	515,2 k €	+45.5%	354,1 k €	-26.4%	480,9 k €	+16.4%	413,3 k €	-21.0%	523 k €	+0.9%	518,1 k €	-11.7%	586,9 k €	+8.7%	540,1 k €	-2.6%	554,7 k €	-9.2%	610,9 k €	+3.2%	592,2 k €	-16.4%	708,5 k €	-20.5%	890,8 k €	+8.4%	822 k €	+6.6%	771,2 k €	+14.8%	672,1 k €
EBITDA	240,2 k €	+30.6%	184 k €	-70.9%	632,7 k €	+1.7%	622,3 k €	+79.0%	347,8 k €	+72.9%	201,1 k €	-28.5%	281,3 k €	+13.2%	248,5 k €	-31.9%	365 k €	+0.3%	364 k €	-14.3%	424,6 k €	+9.2%	388,8 k €	-2.4%	398,3 k €	-13.2%	459,1 k €	+5.0%	437,1 k €	-21.2%	554,9 k €	-20.3%	695,8 k €	+10.8%	628,2 k €	+7.1%	586,3 k €	+19.3%	491,6 k €
Operating result	108 k €	-39.4%	178,1 k €	-71.8%	630,8 k €	+1.5%	621,4 k €	+78.8%	347,5 k €	+71.5%	202,6 k €	-23.9%	266,1 k €	+8.2%	246 k €	-31.1%	356,9 k €	+6.9%	334 k €	-14.0%	388,5 k €	+1.6%	382,3 k €	+26.6%	301,9 k €	+16.0%	260,4 k €	+299%	65,2 k €	-87.7%	529 k €	-14.1%	615,9 k €	+9.6%	562 k €	+6.8%	526,2 k €	+48.8%	353,6 k €
Net result	166,9 k €	-55.2%	372,8 k €	-29.3%	527,5 k €	-7.1%	567,7 k €	+45.4%	390,4 k €	+60.7%	243 k €	-15.6%	288 k €	+1.8%	283 k €	+5.6%	268 k €	-16.5%	321,2 k €	-5.3%	339,3 k €	-8.8%	372 k €	+17.9%	315,5 k €	-14.0%	366,8 k €	+287%	94,8 k €	-78.9%	449,1 k €	-17.2%	542,6 k €	+29.9%	417,7 k €	-8.7%	457,6 k €	+11.3%	411,1 k €
Balance sheet
Equity	7,8 M €	+2.2%	7,6 M €	+3.7%	7,4 M €	+0.1%	7,4 M €	-2.4%	7,5 M €	-4.6%	7,9 M €	+3.2%	7,6 M €	+3.9%	7,4 M €	+4.0%	7,1 M €	+3.9%	6,8 M €	+4.9%	6,5 M €	+5.5%	6,2 M €	+6.4%	5,8 M €	+5.8%	5,5 M €	+7.2%	5,1 M €	+1.9%	5 M €	+9.8%	4,6 M €	+13.4%	4 M €	+11.6%	3,6 M €	+14.4%	3,1 M €
Total assets	9,5 M €	-1.2%	9,6 M €	+1.5%	9,5 M €	+5.2%	9 M €	+3.1%	8,7 M €	+5.5%	8,3 M €	+2.3%	8,1 M €	+2.7%	7,9 M €	+2.3%	7,7 M €	+3.9%	7,4 M €	+8.2%	6,8 M €	+2.9%	6,7 M €	+7.1%	6,2 M €	+3.7%	6 M €	+4.7%	5,7 M €	+3.6%	5,5 M €	+9.4%	5 M €	+14.0%	4,4 M €	+9.4%	4 M €	+6.7%	3,8 M €
Cash	5,8 M €	+105%	2,8 M €	+10.5%	2,6 M €	-50.1%	5,1 M €	+8.1%	4,7 M €	+6.0%	4,5 M €	+3.4%	4,3 M €	+2.4%	4,2 M €	-5.2%	4,5 M €	+9.6%	4,1 M €	+7.6%	3,8 M €	-5.4%	4 M €	+9.6%	3,6 M €	+118%	1,7 M €	+4.9%	1,6 M €	-17.4%	1,9 M €	-1.8%	2 M €	+28.4%	1,5 M €	+30.5%	1,2 M €	+20.9%	968,5 k €
Debts	1,7 M €	-14.1%	2 M €	-6.2%	2,1 M €	+27.8%	1,7 M €	+37.7%	1,2 M €	+213%	383,1 k €	-12.9%	439,6 k €	-14.5%	513,9 k €	-16.8%	617,5 k €	+3.1%	598,8 k €	+66.9%	358,8 k €	-28.5%	502 k €	+18.8%	422,5 k €	-18.1%	515,6 k €	-16.2%	615 k €	+20.4%	510,8 k €	+5.5%	483,9 k €	+18.9%	407 k €	-8.4%	444,3 k €	-30.3%	637,5 k €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-9.1%	3,3 ETP	-17.5%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	-9.1%	4,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

CAGO

Director · since 30 juin 2022 · 0894.157.678

Represented by Geert De Smet

Active

Geertrui De Smet

Director · since 30 juin 2022 · until 30 juin 2028

Active

Veerle De Smet

Director · since 30 juin 2022 · until 30 juin 2028

Active

Ended mandates

CAGO

Managing director · since 30 juin 2022 · until 30 juin 2028 · 0894.157.678

Represented by Geert DE SMET

Ended

CAGO

Managing director · since 30 juin 2022 · until 30 juin 2028 · 0894.157.678

Represented by Geert DE SMET

Ended

CAGO

Managing director · since 15 juin 2022 · until 15 juin 2028 · 0894.157.678

Represented by Geert DE SMET

Ended

Geertrui De Smet

Director · since 15 juin 2022 · until 15 juin 2028

Ended

At this address

Other companies at this address

Company	CBE no.
CAGO● Active	0894.157.678
GEGEVE● Active	0537.274.090

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	14/09/2026	29/08/2025	07/10/2024	10/10/2023	27/10/2022	29/10/2021
General meeting	30/06/2026	28/08/2025	04/10/2024	05/10/2023	30/06/2022	28/09/2021
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
Abridged model	31/12/2025	30/06/2026	14/09/2026	Dutch	PDF
Abridged model	31/12/2024	28/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	04/10/2024	07/10/2024	Dutch	PDF
Abridged model	31/12/2022	05/10/2023	10/10/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	27/10/2022	Dutch	PDF
Abridged model	31/12/2020	28/09/2021	29/10/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	29/10/2020	Dutch	PDF
Abridged model	31/12/2018	22/06/2019	09/10/2019	Dutch	PDF
Abridged model	31/12/2017	23/06/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	03/10/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	07/10/2014	Dutch	PDF
Abridged model	31/12/2012	22/06/2013	25/11/2013	Dutch	PDF
Abridged model	31/12/2011	23/06/2012	30/09/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	13/08/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	18/08/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	21/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 15 ended

Active mandates

CAGO

Director · since 30 juin 2022 · 0894.157.678

Represented by Geert De Smet

Active

Geertrui De Smet

Director · since 30 juin 2022 · until 30 juin 2028

Active

Veerle De Smet

Director · since 30 juin 2022 · until 30 juin 2028

Active

Ended mandates

CAGO

Managing director · since 30 juin 2022 · until 30 juin 2028 · 0894.157.678

Represented by Geert DE SMET

Ended

CAGO

Managing director · since 30 juin 2022 · until 30 juin 2028 · 0894.157.678

Represented by Geert DE SMET

Ended

CAGO

Managing director · since 15 juin 2022 · until 15 juin 2028 · 0894.157.678

Represented by Geert DE SMET

Ended

Geertrui De Smet

Director · since 15 juin 2022 · until 15 juin 2028

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/02/2012
KAPITAAL - AANDELEN
PDF
Mandates05/11/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/02/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/02/2005
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 2025166,9 k €↓
2024
Annual accounts 2024372,8 k €↓
2023
Annual accounts 2023527,5 k €↓
2022
Annual accounts 2022567,7 k €↑
2021
Annual accounts 2021390,4 k €↑
2020
Annual accounts 2020243 k €↓
2019
Annual accounts 2019288 k €↑
2018
Annual accounts 2018283 k €↑
2017
Annual accounts 2017268 k €↓
2016
Annual accounts 2016321,2 k €↓
2015
Annual accounts 2015339,3 k €↓
2014
Annual accounts 2014372 k €↑
2013
Annual accounts 2013315,5 k €↓
2012
Annual accounts 2012366,8 k €↑
2011
Annual accounts 201194,8 k €↓
2010
Annual accounts 2010449,1 k €↓
2009
Annual accounts 2009542,6 k €↑
2008
Annual accounts 2008417,7 k €↓
2007
Annual accounts 2007457,6 k €↑
2006
Annual accounts 2006411,1 k €
09/12/1985
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

DE SMET

Overview

What does DE SMET 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