ACTIVE

SMETCO

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Financial year 2025 · closed on 31/12/2025

Net result

28,6 k €

-59.8% YoY

Gross margin

1,9 M €

+1.3% YoY

Equity

2,5 M €

+1.2% YoY

Workforce

17,9 ETP

+4.7% YoY

What does SMETCO do?

SMETCO is a Public limited company incorporated in 1993. Its main activity is: Treatment and disposal of non-hazardous waste. Its registered office is in Waasmunster. It employs on average 17,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.295.288

Incorporation

25/01/1993

Legal form

Public limited company

Registered office

Manta 5
9250 Waasmunster · FlandreSee on map

Contributed capital

65 000,00 €

Latest accounts

31/12/2025

Average workforce

17,9 ETP

Activities (NACE)

38219Treatment and disposal of non-hazardous waste· main 38330Materials recovery 63406Information service activities 90021Support activities to performing arts 52250Support activities for transportation 52290Other transportation support activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1,9 M €	+1.3%	1,9 M €	-3.8%	2 M €	+2.9%	1,9 M €	+20.0%	1,6 M €	-19.8%	2 M €	+32.5%	1,5 M €	+30.1%	1,2 M €	-1.9%	1,2 M €	+18.5%	991,1 k €	+7.8%	919 k €	+4.5%	879,7 k €	-10.0%	977,1 k €	+2.8%	950,7 k €	-3.3%	982,9 k €	-7.3%	1,1 M €	-0.2%	1,1 M €	-9.3%	1,2 M €	-8.3%	1,3 M €	+7.2%	1,2 M €
EBITDA	652,3 k €	+2.2%	638,3 k €	-27.5%	880 k €	+5.1%	837,5 k €	+69.4%	494,5 k €	-36.4%	777,1 k €	+128%	341,2 k €	+120%	155,1 k €	-43.8%	275,8 k €	+47.2%	187,4 k €	+3.9%	180,3 k €	+114%	84,2 k €	-51.1%	172,3 k €	-26.5%	234,4 k €	+1.0%	232 k €	-26.3%	314,8 k €	+5.9%	297,2 k €	-13.1%	341,9 k €	-15.9%	406,7 k €	+195%	138 k €
Operating result	93,1 k €	-37.7%	149,3 k €	-63.1%	404,6 k €	-12.3%	461,3 k €	+241%	135,4 k €	-67.9%	421,8 k €	+473%	73,6 k €	+224%	-59,4 k €	-191%	65,4 k €	+272%	17,6 k €	-38.0%	28,3 k €	+183%	-34,1 k €	-164%	53 k €	-49.8%	105,6 k €	+16.2%	90,9 k €	-47.4%	173 k €	+72.4%	100,3 k €	-9.7%	111,1 k €	-49.0%	218 k €	+1571%	-14,8 k €
Net result	28,6 k €	-59.8%	71,1 k €	-72.6%	259,4 k €	-31.2%	377,1 k €	+305%	93,2 k €	-75.5%	380,5 k €	+977%	35,3 k €	+153%	-67,1 k €	-213%	59,6 k €	+499%	10 k €	-50.4%	20,1 k €	+124%	-82,2 k €	-313%	38,6 k €	-47.7%	73,9 k €	+16.8%	63,3 k €	-45.9%	117,1 k €	+66.4%	70,4 k €	-22.0%	90,3 k €	-55.9%	204,7 k €	+1180%	-19 k €
Balance sheet
Equity	2,5 M €	+1.2%	2,4 M €	+3.0%	2,4 M €	+12.3%	2,1 M €	+21.8%	1,7 M €	+5.7%	1,6 M €	+30.2%	1,3 M €	+2.9%	1,2 M €	-5.2%	1,3 M €	+4.8%	1,2 M €	+0.8%	1,2 M €	+1.7%	1,2 M €	-6.4%	1,3 M €	+3.1%	1,2 M €	+6.3%	1,2 M €	+5.7%	1,1 M €	+11.8%	990 k €	+7.7%	919,7 k €	+10.9%	829,4 k €	+32.8%	624,7 k €
Total assets	5,2 M €	-6.8%	5,6 M €	-8.9%	6,1 M €	+7.9%	5,6 M €	+23.7%	4,6 M €	-1.7%	4,6 M €	+22.1%	3,8 M €	+118%	1,7 M €	+1.3%	1,7 M €	-2.0%	1,8 M €	-0.5%	1,8 M €	-6.9%	1,9 M €	+8.1%	1,8 M €	-5.0%	1,8 M €	+1.2%	1,8 M €	+5.2%	1,7 M €	-0.4%	1,7 M €	+0.4%	1,7 M €	+29.0%	1,3 M €	+19.8%	1,1 M €
Cash	436,9 k €	-43.6%	774,7 k €	-14.1%	902 k €	-14.2%	1,1 M €	+91.0%	550,8 k €	+52.3%	361,7 k €	+661%	47,5 k €	+6.8%	44,5 k €	-80.9%	232,6 k €	+6.0%	219,4 k €	+60.8%	136,4 k €	-66.2%	404,1 k €	+129%	176,8 k €	-35.5%	274,2 k €	-27.7%	379,5 k €	-19.5%	471,2 k €	-3.9%	490,5 k €	+67.0%	293,8 k €	+11.9%	262,6 k €	+110%	125,2 k €
Debts	2,7 M €	-13.0%	3,1 M €	-16.3%	3,7 M €	+5.1%	3,5 M €	+24.9%	2,8 M €	-5.7%	3 M €	+18.1%	2,5 M €	+389%	519,6 k €	+20.7%	430,4 k €	-18.1%	525,5 k €	-3.5%	544,5 k €	-16.8%	654,3 k €	+44.7%	452,1 k €	-23.9%	594 k €	-7.9%	644,9 k €	+9.3%	590,2 k €	-19.8%	736,1 k €	-7.3%	794 k €	+56.8%	506,5 k €	+5.1%	482 k €
Other
Workforce	17,9 ETP	+4.7%	17,1 ETP	+9.6%	15,6 ETP	-12.4%	17,8 ETP	-8.2%	19,4 ETP	-3.5%	20,1 ETP	+0.5%	20,0 ETP	+9.3%	18,3 ETP	+8.3%	16,9 ETP	+10.5%	15,3 ETP	+8.5%	14,1 ETP	-10.8%	15,8 ETP	-2.5%	16,2 ETP	+0.6%	16,1 ETP	-4.7%	16,9 ETP	-6.6%	18,1 ETP	-1.6%	18,4 ETP	-8.0%	20,0 ETP	-12.7%	22,9 ETP	+10.6%	20,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Geert Smet

Andere functie

Active

SMETCO INVEST

Managing director · 0525.711.987

Active

Ended mandates

Geert Smet

Director · since 19 novembre 2013 · until 19 novembre 2019

Ended

Geert Smet

Manager · since 19 novembre 2013 · until 26 juin 2019

Ended

SMETCO INVEST

Managing director · since 19 novembre 2013 · until 26 juin 2019 · 0525.711.987

Represented by Geert Smet

Ended

SMETCO INVEST

Managing director · since 19 novembre 2013 · until 19 novembre 2019 · 0525.711.987

Represented by Geert Smet

Ended

At this address

Other companies at this address

Company	CBE no.
BTWE SMETCO GROEP● Active	0631.933.719
SMETCO INVEST● Active	0525.711.987

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	24/07/2026	03/07/2025	11/07/2024	05/07/2023	24/06/2022	26/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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
Abridged model	31/12/2025	26/06/2026	24/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	24/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	03/07/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	25/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	24/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 15 ended

Active mandates

Geert Smet

Andere functie

Active

SMETCO INVEST

Managing director · 0525.711.987

Active

Ended mandates

Geert Smet

Director · since 19 novembre 2013 · until 19 novembre 2019

Ended

Geert Smet

Manager · since 19 novembre 2013 · until 26 juin 2019

Ended

SMETCO INVEST

Managing director · since 19 novembre 2013 · until 26 juin 2019 · 0525.711.987

Represented by Geert Smet

Ended

SMETCO INVEST

Managing director · since 19 novembre 2013 · until 19 novembre 2019 · 0525.711.987

Represented by Geert Smet

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/08/2026
Benoeming gedelegeerd bestuurder
PDF
Mandates17/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other18/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/08/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2008
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/10/2002
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 202528,6 k €↓
2024
Annual accounts 202471,1 k €↓
2023
Annual accounts 2023259,4 k €↓
2022
Annual accounts 2022377,1 k €↑
2021
Annual accounts 202193,2 k €↓
2020
Annual accounts 2020380,5 k €↑
2019
Annual accounts 201935,3 k €↑
2018
Annual accounts 2018-67,1 k €↓
2017
Annual accounts 201759,6 k €↑
2016
Annual accounts 201610 k €↓
2015
Annual accounts 201520,1 k €↑
2014
Annual accounts 2014-82,2 k €↓
2013
Annual accounts 201338,6 k €↓
2012
Annual accounts 201273,9 k €↑
2011
Annual accounts 201163,3 k €↓
2010
Annual accounts 2010117,1 k €↑
2009
Annual accounts 200970,4 k €↓
2008
Annual accounts 200890,3 k €↓
2007
Annual accounts 2007204,7 k €↑
2006
Annual accounts 2006-19 k €
25/01/1993
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

SMETCO

Overview

What does SMETCO 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