ACTIVE

SHM

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Financial year 2025 · closed on 31/12/2025

Net result

28,4 k €

+284.9% YoY

Revenue

420 k €

+40.0% YoY

Equity

14 M €

+101.1% YoY

What does SHM do?

SHM is a Public limited company incorporated in 2002. Its main activity is: Activities of holding companies. Its registered office is in Dessel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.621.160

Incorporation

22/10/2002

Legal form

Public limited company

Registered office

Kastelsedijk 64
2480 Dessel · FlandreSee on map

Contributed capital

12 738 786,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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
Revenue	420 k €	+40.0%	300 k €	0.0%	300 k €	0.0%	300 k €	0.0%	300 k €	+11.1%	270 k €	-10.0%	300 k €	+25.0%	240 k €	0.0%	240 k €	0.0%	240 k €	0.0%	240 k €	0.0%	240 k €	0.0%	240 k €	-29.8%	342 k €	+2.4%	334 k €	+16.0%	288 k €	-30.9%	417 k €	-13.1%	480 k €	0.0%	480 k €	0.0%	480 k €
EBITDA	38,8 k €	+267%	10,6 k €	+5.2%	10,1 k €	-47.0%	19 k €	-66.0%	55,8 k €	+299%	14 k €	-81.2%	74,4 k €	+11.9%	66,5 k €	-27.2%	91,3 k €	-14.7%	107,1 k €	+18.1%	90,7 k €	-15.1%	106,8 k €	+2.7%	104 k €	-49.6%	206,2 k €	+16.2%	177,6 k €	+17.2%	151,5 k €	-48.8%	295,7 k €	-11.6%	334,4 k €	-8.8%	366,6 k €	+10.2%	332,6 k €
Operating result	38,8 k €	+267%	10,6 k €	+5.2%	10,1 k €	-47.0%	19 k €	-66.0%	55,8 k €	+299%	14 k €	-81.2%	74,4 k €	+11.9%	66,5 k €	-27.2%	91,3 k €	-14.7%	107,1 k €	+18.1%	90,7 k €	-15.1%	106,8 k €	+2.7%	104 k €	-49.6%	206,2 k €	+16.2%	177,6 k €	+17.2%	151,5 k €	-48.8%	295,7 k €	-11.6%	334,4 k €	-8.8%	366,6 k €	+10.2%	332,6 k €
Net result	28,4 k €	+285%	7,4 k €	+19.1%	6,2 k €	-51.1%	12,7 k €	-67.3%	38,8 k €	+363%	8,4 k €	-81.3%	44,9 k €	+25.8%	35,7 k €	-25.0%	47,6 k €	-16.9%	57,2 k €	+31.9%	43,4 k €	-10.9%	48,7 k €	+60.6%	30,3 k €	+110%	14,5 k €	+482%	2,5 k €	-21.1%	3,2 k €	-95.9%	76,5 k €	-15.4%	90,4 k €	-23.6%	118,4 k €	+7.1%	110,6 k €
Balance sheet
Equity	14 M €	+101%	7 M €	+0.1%	7 M €	+0.1%	6,9 M €	+0.2%	6,9 M €	+0.6%	6,9 M €	+0.1%	6,9 M €	+0.7%	6,8 M €	+0.5%	6,8 M €	+0.7%	6,8 M €	+0.9%	6,7 M €	+0.7%	6,7 M €	+0.7%	6,6 M €	+0.5%	6,6 M €	+44.1%	4,6 M €	+0.1%	4,6 M €	+0.1%	4,6 M €	+1.7%	4,5 M €	+2.1%	4,4 M €	+2.8%	4,3 M €
Total assets	14,1 M €	+99.8%	7 M €	+0.1%	7 M €	+0.2%	7 M €	-0.1%	7 M €	+0.0%	7 M €	-1.1%	7,1 M €	-0.7%	7,2 M €	-1.5%	7,3 M €	-2.0%	7,4 M €	+0.2%	7,4 M €	-0.0%	7,4 M €	-1.1%	7,5 M €	-0.8%	7,5 M €	+5.4%	7,2 M €	+1.0%	7,1 M €	-2.3%	7,3 M €	-3.6%	7,5 M €	-2.5%	7,7 M €	-2.6%	7,9 M €
Cash	7,9 k €	-32.3%	11,7 k €	+835%	1,3 k €	+3247%	37,4 €	-99.3%	5,3 k €	+18.8%	4,5 k €	+315%	1,1 k €	+83.0%	592,6 €	+68.4%	351,8 €	-91.1%	4 k €	+98.2%	2 k €	-73.1%	7,4 k €	-58.5%	17,9 k €	-95.2%	375,9 k €	+336953%	111,5 €	-96.9%	3,6 k €	-51.9%	7,4 k €	+498%	1,2 k €	-90.2%	12,6 k €	+2883%	423 €
Debts	71 k €	-14.5%	83,1 k €	+2.1%	81,4 k €	+9.1%	74,6 k €	-20.8%	94,2 k €	-28.0%	130,8 k €	-37.0%	207,8 k €	-29.0%	292,9 k €	-31.6%	427,9 k €	-30.9%	619,2 k €	-5.9%	658,2 k €	-5.7%	698,1 k €	-11.7%	790,8 k €	-1.8%	805 k €	-68.7%	2,6 M €	+7.3%	2,4 M €	-5.9%	2,6 M €	-11.8%	2,9 M €	-9.4%	3,2 M €	-10.6%	3,6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 17 ended

Active mandates

De Kraey

Director · since 18 décembre 2025 · until 27 juin 2031 · 0466.392.925

Represented by Willem Smet

Active

Griet Carlier

Director · since 18 décembre 2025 · until 27 juin 2031

Active

Lieve Maria Christiane W Van Oosterwyck

Director · since 18 décembre 2025 · until 27 juin 2031

Active

MGD

Director · since 18 décembre 2025 · until 27 juin 2031 · 0468.743.095

Represented by Dirk Smet

Active

Ended mandates

De Kraey

Director · since 15 juillet 2020 · until 25 juin 2026 · 0466.392.925

Represented by Willem Smet

Ended

De Kraey

Director · since 15 juillet 2020 · until 26 juin 2026 · 0466.392.925

Represented by Willem Smet

Ended

MGD

Director · since 15 juillet 2020 · until 25 juin 2026 · 0468.743.095

Represented by Dirk Smet

Ended

De Kraey

Director · since 28 juin 2014 · until 26 juin 2020 · 0466.392.925

Represented by Willem SMET

Ended

At this address

Other companies at this address

Company	CBE no.
SMET - BORING● Active	0416.687.848
SMET-F & C● Active	0432.405.412
smet groep● Active	0898.547.721
SMET GROUP OVERSEAS● Active	0448.902.538
SMET GWT EUROPE● Active	0677.985.755
SMET PILE● Active	0677.627.845
SMET - TUNNELLING● Active	0403.664.312
Tijdelijke maatschap K-Boringen - SMET-TUNNELING● Active	1006.220.095
TM Bredene Gheotermie● Active	1036.636.228
TM GBL7A SMET-FRANKI● Active	1025.196.562
TM Smet-Aertssen-Soetaert● Active	1036.849.628
TM Smet F&C - Franki Foundations● Active	0759.659.062
TM SMET-F&C - SOLETANCHE-BACHY● Active	1028.884.938
TM Smet GWT Europe - IF Tech● Active	0759.751.609
TM Smet GWT Europe - Mourik Technics● Active	0801.789.231

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

39 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	24/07/2026	Dutch	PDF
Full model	31/12/2024	31/07/2025	25/08/2025	Dutch	PDF
Consolidated accounts	31/12/2024	31/07/2025	13/08/2025	Dutch	PDF
Full model	31/12/2023	28/08/2024	30/08/2024	Dutch	PDF
Consolidated accounts	31/12/2023	28/08/2024	19/09/2024	Dutch	PDF
Full model	31/12/2022	26/07/2023	28/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	26/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	21/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	30/06/2022	27/07/2022	Dutch	PDF
Full model	31/12/2020	15/07/2021	12/08/2021	Dutch	PDF
Consolidated accounts	31/12/2020	15/07/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	15/07/2020	17/08/2020	Dutch	PDF
Consolidated accounts	31/12/2019	15/04/2020	13/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	18/07/2019	Dutch	PDF
Consolidated accounts	31/12/2018	28/06/2019	30/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	18/07/2018	Dutch	PDF
Consolidated accounts	31/12/2017	29/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	10/07/2017	Dutch	PDF
Consolidated accounts	31/12/2016	29/06/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	11/07/2016	Dutch	PDF
Consolidated accounts	31/12/2015	30/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	18/08/2015	Dutch	PDF
Consolidated accounts	31/12/2014	30/06/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	10/07/2014	Dutch	PDF

View all 39 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 4 active · 17 ended

Active mandates

De Kraey

Director · since 18 décembre 2025 · until 27 juin 2031 · 0466.392.925

Represented by Willem Smet

Active

Griet Carlier

Director · since 18 décembre 2025 · until 27 juin 2031

Active

Lieve Maria Christiane W Van Oosterwyck

Director · since 18 décembre 2025 · until 27 juin 2031

Active

MGD

Director · since 18 décembre 2025 · until 27 juin 2031 · 0468.743.095

Represented by Dirk Smet

Active

Ended mandates

De Kraey

Director · since 15 juillet 2020 · until 25 juin 2026 · 0466.392.925

Represented by Willem Smet

Ended

De Kraey

Director · since 15 juillet 2020 · until 26 juin 2026 · 0466.392.925

Represented by Willem Smet

Ended

MGD

Director · since 15 juillet 2020 · until 25 juin 2026 · 0468.743.095

Represented by Dirk Smet

Ended

De Kraey

Director · since 28 juin 2014 · until 26 juin 2020 · 0466.392.925

Represented by Willem SMET

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2026
BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates08/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/08/2014
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 202528,4 k €↑
2025
Name changeSHM
2024
Annual accounts 20247,4 k €↑
2023
Annual accounts 20236,2 k €↓
2022
Annual accounts 202212,7 k €↓
2021
Annual accounts 202138,8 k €↑
2021
Name changeSMET - HOLDING MAATSCHAPPIJ
2020
Annual accounts 20208,4 k €↓
2019
Annual accounts 201944,9 k €↑
2018
Annual accounts 201835,7 k €↓
2017
Annual accounts 201747,6 k €↓
2016
Annual accounts 201657,2 k €↑
2015
Annual accounts 201543,4 k €↓
2014
Annual accounts 201448,7 k €↑
2013
Annual accounts 201330,3 k €↑
2012
Annual accounts 201214,5 k €↑
2011
Annual accounts 20112,5 k €↓
2010
Annual accounts 20103,2 k €↓
2009
Annual accounts 200976,5 k €↓
2008
Annual accounts 200890,4 k €↓
2007
Annual accounts 2007118,4 k €↑
2006
Annual accounts 2006110,6 k €
22/10/2002
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

SHM

Overview

What does SHM 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