ACTIVE

SMASH IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

38,2 k €

-87.5% YoY

Gross margin

177,4 k €

-94.1% YoY

Equity

171,6 k €

-83.4% YoY

Workforce

0,0 ETP

-100.0% YoY

What does SMASH IMMO do?

SMASH IMMO is a Private limited company incorporated in 2012. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0844.154.673

Incorporation

05/03/2012

Legal form

Private limited company

Registered office

Impasse des Ursulines 14
4000 Liège · WallonieSee on map

Contributed capital

3 650,72 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (3)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	177,4 k €	-94.1%	3 M €	+16.0%	2,6 M €	+14.3%	2,3 M €	+33.3%	1,7 M €	+89.6%	903,3 k €	-9.3%	995,6 k €	+11.3%	894,3 k €	+36.3%	656,2 k €	+49.4%	439,4 k €	+6.6%	412,2 k €	+146%	167,5 k €	+26.2%	132,7 k €
EBITDA	159,7 k €	-83.7%	977,3 k €	+14.6%	852,5 k €	+11.1%	767,4 k €	+16.9%	656,4 k €	+76.5%	371,8 k €	+0.6%	369,5 k €	-3.1%	381,2 k €	+38.0%	276,3 k €	+80.3%	153,3 k €	-5.6%	162,4 k €	+383%	33,6 k €	-68.6%	107,2 k €
Operating result	65,1 k €	-83.2%	387,3 k €	+26.9%	305,1 k €	+27.8%	238,7 k €	+46.7%	162,7 k €	+566%	24,5 k €	-78.0%	111,1 k €	-50.5%	224,6 k €	+51.8%	147,9 k €	+467%	26,1 k €	-61.7%	68,1 k €	+458%	-19 k €	-185%	22,3 k €
Net result	38,2 k €	-87.5%	306,4 k €	+38.8%	220,7 k €	+3.8%	212,6 k €	+106%	103,3 k €	+981%	-11,7 k €	-114%	81,1 k €	-55.3%	181,5 k €	+84.0%	98,6 k €	+590%	14,3 k €	-67.7%	44,2 k €	+869%	4,6 k €	-48.8%	8,9 k €
Balance sheet
Equity	171,6 k €	-83.4%	1 M €	-9.6%	1,1 M €	+26.8%	902 k €	+20.4%	749,4 k €	+61.7%	463,6 k €	-3.6%	481,1 k €	+18.4%	406,4 k €	+64.6%	246,9 k €	+144%	101,2 k €	+31.5%	77 k €	+115%	35,7 k €	+29.8%	27,5 k €
Total assets	1,4 M €	-76.2%	5,9 M €	-2.4%	6 M €	+7.3%	5,6 M €	+13.9%	4,9 M €	+15.7%	4,3 M €	+38.8%	3,1 M €	+130%	1,3 M €	+25.1%	1,1 M €	+13.8%	937,2 k €	+58.7%	590,5 k €	+24.7%	473,6 k €	+53.0%	309,5 k €
Cash	46 k €	-95.7%	1,1 M €	+78.5%	602,4 k €	-27.9%	835,9 k €	+31.2%	637,2 k €	+92.8%	330,5 k €	-47.9%	633,8 k €	+66.3%	381,2 k €	+158%	147,5 k €	+507%	24,3 k €	-62.6%	65 k €	+14812%	436 €	-99.3%	63 k €
Debts	1,2 M €	-74.5%	4,8 M €	-1.0%	4,8 M €	+2.7%	4,7 M €	+12.8%	4,2 M €	+10.2%	3,8 M €	+46.9%	2,6 M €	+180%	919,6 k €	+13.5%	810,4 k €	-3.0%	835,8 k €	+63.1%	512,5 k €	+17.2%	437,3 k €	+55.1%	282 k €
Other
Workforce	0,0 ETP	-100%	37,9 ETP	-5.5%	40,1 ETP	-41.5%	68,5 ETP	+90.8%	35,9 ETP	+180%	12,8 ETP	+17.4%	10,9 ETP	+21.1%	9,0 ETP	+13.9%	7,9 ETP	+6.8%	7,4 ETP	+10.4%	6,7 ETP	+9.8%	6,1 ETP	+662%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

François Dethier

Administrateur Statutaire · since 05 mars 2012

Active

Renaud Pirotte

Administrateur Statutaire · since 05 mars 2012

Active

Ended mandates

François DETHIER

Director · since 05 mars 2012

Ended

Renaud PIROTTE

Director · since 05 mars 2012

Ended

François Dethier

Director · since 01 mars 2012

Ended

François DETHIER

Manager · since 01 mars 2012

Ended

At this address

Other companies at this address

Company	CBE no.
ATELIER C● Active	0657.834.501
BRASSERIE C● Active	1021.882.429
CURTIUS● Active	1025.051.755
TAPROOM C● Active	1021.879.459

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	29/07/2026	04/04/2025	31/07/2024	18/03/2024	18/03/2024	01/10/2021
General meeting	30/06/2026	24/03/2025	30/06/2024	06/03/2024	06/03/2024	30/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	29/07/2026	French	PDF
Abridged model	31/12/2024	24/03/2025	04/04/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	06/03/2024	18/03/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	01/09/2023	French	PDF
Abridged model	31/12/2021	06/03/2024	18/03/2024	French	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	French	PDF
Abridged modelCorrection	31/12/2020	30/06/2021	01/10/2021	French	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	31/08/2020	26/09/2020	French	PDF
Abridged model	31/12/2018	29/06/2019	29/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	11/08/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 6 ended

Active mandates

François Dethier

Administrateur Statutaire · since 05 mars 2012

Active

Renaud Pirotte

Administrateur Statutaire · since 05 mars 2012

Active

Ended mandates

François DETHIER

Director · since 05 mars 2012

Ended

Renaud PIROTTE

Director · since 05 mars 2012

Ended

François Dethier

Director · since 01 mars 2012

Ended

François DETHIER

Manager · since 01 mars 2012

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring14/04/2025
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates14/03/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring27/02/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates08/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office04/04/2014
SIEGE SOCIAL - OBJET
PDF
Other15/03/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202538,2 k €↓
2025
Name changeSmash Immo
2024
Annual accounts 2024306,4 k €↑
2023
Annual accounts 2023220,7 k €↑
2022
Annual accounts 2022212,6 k €↑
2021
Annual accounts 2021103,3 k €↑
2021
Name changeBrasserie C
2020
Annual accounts 2020-11,7 k €↓
2019
Annual accounts 201981,1 k €↓
2018
Annual accounts 2018181,5 k €↑
2017
Annual accounts 201798,6 k €↑
2016
Annual accounts 201614,3 k €↓
2015
Annual accounts 201544,2 k €↑
2014
Annual accounts 20144,6 k €↓
2013
Annual accounts 20138,9 k €
2013
Name changeMicrobrasserie de la Principauté
05/03/2012
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

SMASH IMMO

Overview

What does SMASH IMMO do?

Trend over 13 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