ACTIVE

SMET GWT EUROPE

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Financial year 2025 · Closed on 31/12/2025

Net result747,5 k €+195,6 %over 1 year

Revenue39,1 M €+8,3 %over 1 year

Equity5,6 M €+15,2 %over 1 year

Workforce152,3 ETP+6,7 %over 1 year

Identity

Source · BCE/KBO

SMET GWT EUROPE is a Public limited company incorporated in 2017. Its main activity is: Construction of utility projects for fluids. Its registered office is in Dessel. It employs on average 152,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0677.985.755
Incorporation: 04/07/2017
Legal form: Public limited company
Registered office: Kastelsedijk 64
2480 Dessel · FlandreSee on map
Contributed capital: 2 284 985,52 €
Latest accounts: 31/12/2025
Average workforce: 152,3 ETP

Activities (NACE)

42219Construction of utility projects for fluids· main 42219Construction of utility projects for fluids 42220Construction of utility projects for electricity and telecommunications 42220Construction of utility projects for electricity and telecommunications 42219Construction of utility projects for fluids 42219Construction of utility projects for fluids+6

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 9 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	39,1 M €	+8.3%	36,1 M €	+11.5%	32,4 M €	+16.5%	27,8 M €	+3.2%	27 M €
EBITDA	3,1 M €	+51.6%	2 M €	+7.7%	1,9 M €	+6.1%	1,8 M €	-27.9%	2,5 M €
Operating result	1,3 M €	+177%	470,8 k €	+37.1%	343,4 k €	-19.4%	425,8 k €	-65.0%	1,2 M €
Net result	747,5 k €	+196%	252,8 k €	+246%	73,1 k €	-70.6%	248,9 k €	-72.8%	914,7 k €
Balance sheet
Equity	5,6 M €	+15.2%	4,8 M €	+5.0%	4,6 M €	+1.0%	4,6 M €	+4.9%	4,4 M €
Total assets	19,2 M €	+21.7%	15,8 M €	-6.2%	16,9 M €	+12.3%	15 M €	+12.1%	13,4 M €
Cash	–		–		762,3 €	-85.8%	5,4 k €	+51.4%	3,5 k €
Debts	12,5 M €	+18.0%	10,6 M €	-12.4%	12,1 M €	+15.8%	10,4 M €	+16.0%	9 M €
Other
Workforce	152,3 ETP	+6.7%	142,8 ETP	+3.1%	138,5 ETP	+2.0%	135,8 ETP	-1.5%	137,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 10 ended

Active mandates

Dirk Smet

Director · since 26 juillet 2023 · until 30 juin 2029

Active

Willem Smet

Managing director · since 26 juillet 2023 · until 30 juin 2029

Active

Ended mandates

Dirk Smet

Director · since 30 juin 2023 · until 30 juin 2029

Ended

Willem Smet

Managing director · since 30 juin 2023 · until 30 juin 2029

Ended

SMET - BORING

Director · since 04 juillet 2018 · until 25 mai 2023 · 0416.687.848

Represented by Willem Smet

Ended

Dirk Smet

Director · since 04 juillet 2017 · until 25 mai 2023

Ended

Other companies at this address

Kastelsedijk 64 2480 Dessel

Company	CBE no.
SHM● Active	0478.621.160
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 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

Full financial information

Source · NBB

	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	22/07/2026	14/08/2025	30/08/2024	31/07/2023	20/07/2022	26/07/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	22/07/2026	Dutch	PDF
Full model	31/12/2024	31/07/2025	14/08/2025	Dutch	PDF
Full model	31/12/2023	28/08/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	26/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	20/07/2022	Dutch	PDF
Full model	31/12/2020	15/07/2021	26/07/2021	Dutch	PDF
Full model	31/12/2019	15/07/2020	13/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	17/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	31/07/2018	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 10 ended

Active mandates

Dirk Smet

Director · since 26 juillet 2023 · until 30 juin 2029

Active

Willem Smet

Managing director · since 26 juillet 2023 · until 30 juin 2029

Active

Ended mandates

Dirk Smet

Director · since 30 juin 2023 · until 30 juin 2029

Ended

Willem Smet

Managing director · since 30 juin 2023 · until 30 juin 2029

Ended

SMET - BORING

Director · since 04 juillet 2018 · until 25 mai 2023 · 0416.687.848

Represented by Willem Smet

Ended

Dirk Smet

Director · since 04 juillet 2017 · until 25 mai 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other23/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other17/07/2017
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025747,5 k €↑
2024
Annual accounts 2024252,8 k €↑
2023
Annual accounts 202373,1 k €↓
2022
Annual accounts 2022248,9 k €↓
2021
Annual accounts 2021914,7 k €↑
2020
Annual accounts 2020359,7 k €↑
2019
Annual accounts 2019336,2 k €↑
2018
Annual accounts 2018150,8 k €↑
2017
Annual accounts 201775,1 k €
04/07/2017
IncorporationPublic limited company

SMET GWT EUROPE

Overview

Identity

Financials

Valuation

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

Timeline