ACTIVE

Normec Micro-Smedt

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Financial year 2024 · closed on 31/12/2024

Net result

408,7 k €

-32.3% YoY

Gross margin

1,6 M €

-12.0% YoY

Equity

807,7 k €

0.0% YoY

Workforce

19,7 ETP

+4.2% YoY

What does Normec Micro-Smedt do?

Normec Micro-Smedt is a Private limited company incorporated in 1995. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Herentals. It employs on average 19,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.514.959

Incorporation

10/11/1995

Legal form

Private limited company

Registered office

Honingstraat 2
2200 Herentals · FlandreSee on map

Contributed capital

17 106,17 €

Latest accounts

31/12/2024

Average workforce

19,7 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 73100Advertising

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 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,6 M €	-12.0%	1,9 M €	-4.8%	2 M €	+52.1%	1,3 M €	-4.2%	1,3 M €	-9.9%	1,5 M €	+22.5%	1,2 M €	+1.3%	1,2 M €	-11.6%	1,4 M €	+24.4%	1,1 M €	+66.1%	656,2 k €	+6.8%	614,6 k €	+8.8%	565 k €	+13.1%	499,6 k €	+2.8%	486,2 k €	+47.7%	329,3 k €	-12.3%	375,4 k €
EBITDA	585,2 k €	-31.1%	849,4 k €	-3.8%	882,9 k €	+98.2%	445,4 k €	-19.3%	552 k €	-29.4%	782,3 k €	+19.7%	653,8 k €	-2.3%	669,3 k €	-29.8%	953,1 k €	+24.4%	766,4 k €	+95.5%	391,9 k €	+0.7%	389,4 k €	+17.4%	331,8 k €	+20.5%	275,4 k €	-4.8%	289,3 k €	+77.0%	163,4 k €	-31.4%	238,1 k €
Operating result	544,5 k €	-32.8%	810,3 k €	+3.5%	782,8 k €	+127%	345 k €	-23.7%	452,2 k €	-34.0%	685,2 k €	+22.3%	560,4 k €	-7.5%	606,1 k €	-32.8%	902,5 k €	+25.3%	720,3 k €	+95.5%	368,5 k €	+5.9%	348 k €	+24.7%	279 k €	+26.1%	221,3 k €	-0.2%	221,6 k €	+151%	88,3 k €	-43.9%	157,4 k €
Net result	408,7 k €	-32.3%	603,6 k €	+5.5%	572,3 k €	+121%	258,7 k €	-15.6%	306,6 k €	-35.2%	472,9 k €	+29.5%	365,1 k €	-8.5%	399,1 k €	-32.3%	589,3 k €	+25.9%	468 k €	+93.7%	241,7 k €	+1.7%	237,6 k €	+29.0%	184,2 k €	+28.2%	143,7 k €	-0.4%	144,2 k €	+161%	55,3 k €	-46.7%	103,8 k €
Balance sheet
Equity	807,7 k €	0.0%	807,7 k €	0.0%	807,7 k €	0.0%	807,7 k €	-0.2%	809 k €	+0.8%	802,4 k €	+31.6%	609,5 k €	+16.2%	524,4 k €	+73.5%	302,2 k €	+168%	112,9 k €	-22.1%	144,9 k €	-72.4%	524,6 k €	+106%	254,5 k €	-40.9%	430,3 k €	-11.6%	486,7 k €	+5.2%	462,5 k €	-5.1%	487,2 k €
Total assets	1,6 M €	-10.6%	1,7 M €	-0.8%	1,7 M €	+24.0%	1,4 M €	-1.9%	1,4 M €	-8.9%	1,6 M €	+29.2%	1,2 M €	+6.8%	1,1 M €	-3.3%	1,2 M €	+11.8%	1,1 M €	+117%	487,3 k €	-46.3%	906,6 k €	+20.2%	754,1 k €	-4.3%	788,1 k €	-4.4%	824 k €	+4.8%	786,2 k €	+1.3%	776,1 k €
Cash	139,5 k €	+7.6%	129,7 k €	-83.7%	795,6 k €	+68.3%	472,8 k €	-26.8%	646,1 k €	-10.9%	725 k €	+99.9%	362,7 k €	+5.0%	345,5 k €	-22.0%	443 k €	+9.8%	403,4 k €	+185%	141,5 k €	-11.1%	159,1 k €	-34.4%	242,5 k €	-7.4%	261,9 k €	+52.3%	172 k €	+53.9%	111,8 k €	-7.5%	120,9 k €
Debts	741,9 k €	-20.0%	927,4 k €	-1.3%	939,5 k €	+55.9%	602,6 k €	-4.1%	628,5 k €	-19.0%	775,4 k €	+36.4%	568,4 k €	-4.2%	593,2 k €	-32.7%	881,2 k €	-6.9%	946 k €	+176%	342,4 k €	-10.4%	381,9 k €	-23.5%	499,3 k €	+39.5%	357,8 k €	+6.1%	337,4 k €	+4.2%	323,8 k €	+13.0%	286,6 k €
Other
Workforce	19,7 ETP	+4.2%	18,9 ETP	+9.2%	17,3 ETP	-2.3%	17,7 ETP	-3.3%	18,3 ETP	+7.6%	17,0 ETP	+27.8%	13,3 ETP	+15.7%	11,5 ETP	+9.5%	10,5 ETP	+26.5%	8,3 ETP	+27.7%	6,5 ETP	+1.6%	6,4 ETP	-1.5%	6,5 ETP	0.0%	6,5 ETP	+6.6%	6,1 ETP	+17.3%	5,2 ETP	+23.8%	4,2 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 31/12/2024 · 5 active · 15 ended

Active mandates

Rozemarijn Sorgdrager

Director · since 27 juin 2024 · until 27 juin 2030

Active

KDS Beheer

Managing director · since 01 avril 2022 · 0550.849.340

Represented by Katrijn De Smedt

Active

Normec Belgium

Director · since 01 avril 2022 · 0742.603.294

Represented by Britt Schuurs

Active

Arnoldus Rengers

Director · until 27 juin 2024

Active

Sebastiaan Jonker

Director · until 31 mars 2025

Active

Ended mandates

Arnoldus Rengers

Director · since 01 avril 2022

Ended

Sebastiaan Jonker

Director · since 01 avril 2022

Ended

KDS Beheer

Manager · since 01 janvier 2016 · 0550.849.340

Represented by Katrijn De Smedt

Ended

MICRO SMEDT RESEARCH & VALIDATIE

Manager · since 01 janvier 2016 · 0503.969.537

Represented by Jef De Smedt

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/10/2021	01/10/2020	01/10/2019	01/10/2018
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	30/09/2021	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	11/04/2025	25/06/2024	26/06/2023	11/02/2022	15/04/2021	23/03/2020
General meeting	09/04/2025	20/06/2024	20/06/2023	31/01/2022	17/03/2021	07/03/2020
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	31/12/2024	09/04/2025	11/04/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	26/06/2023	Dutch	PDF
Abridged model	30/09/2021	31/01/2022	11/02/2022	Dutch	PDF
Abridged model	30/09/2020	17/03/2021	15/04/2021	Dutch	PDF
Abridged model	30/09/2019	07/03/2020	23/03/2020	Dutch	PDF
Abridged model	30/09/2018	06/03/2019	05/04/2019	Dutch	PDF
Abridged model	30/09/2017	30/03/2018	30/04/2018	Dutch	PDF
Abridged model	30/09/2016	04/03/2017	14/04/2017	Dutch	PDF
Abridged model	30/09/2015	09/02/2016	04/03/2016	Dutch	PDF
Abridged model	30/09/2014	07/03/2015	19/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	24/04/2014	Dutch	PDF
Abridged modelCorrection	30/09/2012	07/12/2012	09/04/2013	Dutch	PDF
Abridged model	30/09/2012	07/12/2012	17/12/2012	Dutch	PDF
Abridged model	30/09/2011	26/11/2011	21/12/2011	Dutch	PDF
Abridged model	30/09/2010	05/03/2011	08/03/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	09/03/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	20/03/2008	Dutch	PDF
Abridged model	30/09/2006	30/12/2006	27/02/2007	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 31/12/2024 · 5 active · 15 ended

Active mandates

Rozemarijn Sorgdrager

Director · since 27 juin 2024 · until 27 juin 2030

Active

KDS Beheer

Managing director · since 01 avril 2022 · 0550.849.340

Represented by Katrijn De Smedt

Active

Normec Belgium

Director · since 01 avril 2022 · 0742.603.294

Represented by Britt Schuurs

Active

Arnoldus Rengers

Director · until 27 juin 2024

Active

Sebastiaan Jonker

Director · until 31 mars 2025

Active

Ended mandates

Arnoldus Rengers

Director · since 01 avril 2022

Ended

Sebastiaan Jonker

Director · since 01 avril 2022

Ended

KDS Beheer

Manager · since 01 janvier 2016 · 0550.849.340

Represented by Katrijn De Smedt

Ended

MICRO SMEDT RESEARCH & VALIDATIE

Manager · since 01 janvier 2016 · 0503.969.537

Represented by Jef De Smedt

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2026
Ontslag Bestuurder - Volmacht
PDF
Mandates07/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other10/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
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

2024
Annual accounts 2024408,7 k €↓
2023
Annual accounts 2023603,6 k €↑
2022
Annual accounts 2022572,3 k €↑
2022
Name changeNORMEC MICRO-SMEDT
2021
Annual accounts 2021258,7 k €↓
2020
Annual accounts 2020306,6 k €↓
2019
Annual accounts 2019472,9 k €↑
2018
Annual accounts 2018365,1 k €↓
2017
Annual accounts 2017399,1 k €↓
2015
Annual accounts 2015589,3 k €↑
2014
Annual accounts 2014468 k €↑
2013
Annual accounts 2013241,7 k €↑
2012
Annual accounts 2012237,6 k €↑
2011
Annual accounts 2011184,2 k €↑
2010
Annual accounts 2010143,7 k €↓
2009
Annual accounts 2009144,2 k €↑
2008
Annual accounts 200855,3 k €↓
2007
Annual accounts 2007103,8 k €
2007
Name changeMICRO-SMEDT
10/11/1995
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

Normec Micro-Smedt

Overview

What does Normec Micro-Smedt do?

Trend over 17 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