ACTIVE

SMI

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Financial year 2025 · closed on 31/12/2025

Net result

10,2 M €

+2.0% YoY

Revenue

35 M €

-5.2% YoY

Equity

14 M €

+1.1% YoY

Workforce

12,9 ETP

+0.8% YoY

What does SMI do?

SMI is a Public limited company incorporated in 1987. Its registered office is in Sankt Vith. It employs on average 12,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.408.182

Incorporation

12/11/1987

Legal form

Public limited company

Registered office

Steinerberg 8
4780 Sankt Vith · WallonieSee on map

Contributed capital

1 070 000,00 €

Latest accounts

31/12/2025

Average workforce

12,9 ETP

Joint committees (2)

Contacts

4 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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	35 M €	-5.2%	36,9 M €	+10.1%	33,5 M €	-1.4%	34 M €	+6.9%	31,8 M €	-6.7%	34,1 M €	+17.7%	28,9 M €	+6.8%	27,1 M €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	14,2 M €	+23.0%	11,5 M €	+1.7%	11,4 M €	+7.2%	10,6 M €	+3.0%	10,3 M €	+8.9%	9,4 M €	+41.6%	6,7 M €	-22.6%	8,6 M €	+6.8%	8,1 M €	-12.9%	9,3 M €	+74.9%	5,3 M €	+20.5%	4,4 M €	+16.3%	3,8 M €	+37.4%	2,8 M €	+135%	1,2 M €	+2.2%	1,1 M €	-49.7%	2,3 M €	+36.6%	1,7 M €	-37.1%	2,7 M €	+20.5%	2,2 M €
Operating result	14,2 M €	+23.5%	11,5 M €	+2.6%	11,2 M €	+10.3%	10,1 M €	+3.0%	9,8 M €	+9.9%	8,9 M €	+43.6%	6,2 M €	-26.1%	8,4 M €	+6.1%	7,9 M €	-13.2%	9,1 M €	+76.6%	5,2 M €	+26.1%	4,1 M €	+13.0%	3,6 M €	+40.1%	2,6 M €	+166%	974,1 k €	+8.0%	902,4 k €	-55.4%	2 M €	+42.3%	1,4 M €	-42.0%	2,5 M €	+15.6%	2,1 M €
Net result	10,2 M €	+2.0%	10 M €	+26.8%	7,8 M €	-21.2%	10 M €	+30.5%	7,6 M €	+13.4%	6,7 M €	+48.8%	4,5 M €	-19.7%	5,6 M €	+42.9%	3,9 M €	-47.4%	7,5 M €	+141%	3,1 M €	-4.8%	3,3 M €	+1.7%	3,2 M €	+13.1%	2,8 M €	+128%	1,2 M €	+0.1%	1,2 M €	-23.4%	1,6 M €	+58.6%	1 M €	-36.8%	1,6 M €	+13.6%	1,4 M €
Balance sheet
Equity	14 M €	+1.1%	13,9 M €	-71.7%	48,9 M €	+19.1%	41,1 M €	+32.0%	31,1 M €	+32.5%	23,5 M €	-18.3%	28,7 M €	+18.7%	24,2 M €	+30.4%	18,6 M €	-14.1%	21,6 M €	+53.2%	14,1 M €	+28.3%	11 M €	+42.3%	7,7 M €	-32.9%	11,5 M €	-30.9%	16,7 M €	+8.1%	15,4 M €	+8.8%	14,2 M €	+13.0%	12,5 M €	+8.9%	11,5 M €	+16.4%	9,9 M €
Total assets	25,8 M €	-20.7%	32,5 M €	-35.4%	50,4 M €	+20.1%	41,9 M €	+29.7%	32,3 M €	-15.2%	38,1 M €	+25.1%	30,5 M €	+17.5%	25,9 M €	+34.8%	19,2 M €	-12.7%	22,1 M €	+39.8%	15,8 M €	+35.7%	11,6 M €	+1.0%	11,5 M €	-44.5%	20,7 M €	+17.4%	17,7 M €	+6.3%	16,6 M €	+10.5%	15 M €	+19.6%	12,6 M €	+4.2%	12,1 M €	+18.3%	10,2 M €
Cash	10,7 M €	-39.4%	17,6 M €	-50.6%	35,6 M €	+44.2%	24,7 M €	+95.4%	12,6 M €	-39.0%	20,7 M €	+32.7%	15,6 M €	+31.3%	11,9 M €	+116%	5,5 M €	-44.3%	9,9 M €	+69.1%	5,8 M €	+101%	2,9 M €	-22.3%	3,7 M €	-71.6%	13,1 M €	+21.7%	10,8 M €	+111%	5,1 M €	-30.0%	7,3 M €	+3.3%	7,1 M €	+5.7%	6,7 M €	+16.2%	5,8 M €
Debts	11,8 M €	-37.0%	18,6 M €	+1193%	1,4 M €	+65.9%	869,4 k €	-30.1%	1,2 M €	-91.5%	14,7 M €	+742%	1,7 M €	+0.7%	1,7 M €	+156%	674,2 k €	+56.2%	431,7 k €	-73.9%	1,7 M €	+167%	619,8 k €	-83.6%	3,8 M €	-59.1%	9,2 M €	+815%	1 M €	-16.4%	1,2 M €	+38.5%	872,4 k €	+2378%	35,2 k €	-93.6%	550,6 k €	+78.6%	308,2 k €
Other
Workforce	12,9 ETP	+0.8%	12,8 ETP	-7.2%	13,8 ETP	-4.8%	14,5 ETP	-2.7%	14,9 ETP	+4.2%	14,3 ETP	-2.1%	14,6 ETP	-3.3%	15,1 ETP	+3.4%	14,6 ETP	+8.1%	13,5 ETP	-7.5%	14,6 ETP	+6.6%	13,7 ETP	0.0%	13,7 ETP	-9.3%	15,1 ETP	+26.9%	11,9 ETP	+9.2%	10,9 ETP	-9.9%	12,1 ETP	+22.2%	9,9 ETP	+37.5%	7,2 ETP	+5.9%	6,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

André SCHMITZ

Director

Active

Anneliese MICHAELIS

Director

Active

Raymund SCHMITZ

Director

Active

Ended mandates

André SCHMITZ

Mandate · until 24 juin 2020

Ended

Anneliese MICHAELIS

Mandate · until 24 juin 2020

Ended

Raymund SCHMITZ

Mandate · until 24 juin 2020

Ended

Raymund SCHMITZ

Chairman of the board of directors

Ended

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	21/08/2026	27/08/2025	25/09/2024	23/08/2023	31/08/2022	07/03/2022
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	15/12/2021
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	21/08/2026	German	PDF
Full model	31/12/2024	27/06/2025	27/08/2025	German	PDF
Full model	31/12/2023	28/06/2024	25/09/2024	German	PDF
Full model	31/12/2022	30/06/2023	23/08/2023	German	PDF
Full model	31/12/2021	24/06/2022	31/08/2022	German	PDF
Full modelCorrection	31/12/2020	15/12/2021	07/03/2022	German	PDF
Full model	31/12/2020	25/06/2021	25/08/2021	German	PDF
Full modelCorrection	31/12/2019	26/06/2020	09/10/2020	German	PDF
Full model	31/12/2019	26/06/2020	31/08/2020	German	PDF
Full model	31/12/2018	28/06/2019	27/08/2019	German	PDF
Abridged model	31/12/2017	29/06/2018	29/08/2018	German	PDF
Abridged model	31/12/2016	30/06/2017	25/08/2017	German	PDF
Abridged modelCorrection	31/12/2015	24/06/2016	28/09/2016	German	PDF
Abridged model	31/12/2015	24/06/2016	26/08/2016	German	PDF
Abridged model	31/12/2014	28/06/2015	30/09/2015	German	PDF
Abridged model	31/12/2013	30/06/2014	30/12/2014	German	PDF
Abridged model	31/12/2012	28/06/2013	02/12/2013	German	PDF
Abridged model	31/12/2011	29/06/2012	11/12/2012	German	PDF
Abridged model	31/12/2010	24/06/2011	30/08/2011	German	PDF
Abridged model	31/12/2009	25/06/2010	31/08/2010	German	PDF
Abridged model	31/12/2008	26/06/2009	27/10/2009	German	PDF
Abridged model	31/12/2007	27/06/2008	17/09/2008	German	PDF
Abridged model	31/12/2006	29/06/2007	10/10/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 4 ended

Active mandates

André SCHMITZ

Director

Active

Anneliese MICHAELIS

Director

Active

Raymund SCHMITZ

Director

Active

Ended mandates

André SCHMITZ

Mandate · until 24 juin 2020

Ended

Anneliese MICHAELIS

Mandate · until 24 juin 2020

Ended

Raymund SCHMITZ

Mandate · until 24 juin 2020

Ended

Raymund SCHMITZ

Chairman of the board of directors

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other22/12/2021
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates23/09/2021
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares17/10/2014
KAPITAL - AKTIEN - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Registered office14/03/2011
GESELLSCHAFTSSITZ - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates28/01/2010
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares26/05/2004
KAPITAL - AKTIEN - GENERALVERSAMMLUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
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 202510,2 M €↑
2024
Annual accounts 202410 M €↑
2023
Annual accounts 20237,8 M €↓
2022
Annual accounts 202210 M €↑
2021
Annual accounts 20217,6 M €↑
2020
Annual accounts 20206,7 M €↑
2019
Annual accounts 20194,5 M €↓
2018
Annual accounts 20185,6 M €↑
2017
Annual accounts 20173,9 M €↓
2016
Annual accounts 20167,5 M €↑
2015
Annual accounts 20153,1 M €↓
2014
Annual accounts 20143,3 M €↑
2013
Annual accounts 20133,2 M €↑
2012
Annual accounts 20122,8 M €↑
2011
Annual accounts 20111,2 M €↑
2010
Annual accounts 20101,2 M €↓
2009
Annual accounts 20091,6 M €↑
2008
Annual accounts 20081 M €↓
2007
Annual accounts 20071,6 M €↑
2006
Annual accounts 20061,4 M €
12/11/1987
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

SMI

Overview

What does SMI 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