Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SMET - TUNNELLING from Dessel, company number BE0403664312, closed financial year 2025 with a result of € 15,477 after tax. For that financial year SMET - TUNNELLING recorded revenue of € 22.3 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 430,354 to € 15,477. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 1.5 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,477
▼ 96% vs 2024
Profit after tax over the fiscal year.
€ 13,411
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 25,180.
People and assets in 2025
72.7
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.5 million
▲ 10% vs 2024
€ 89,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.5 million
▼ 21% vs 2024
Of which on lease € 2.4 million.
Debts at end 2025
€ 2.6 million
▲ 17% vs 2024
€ 778,738 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 4.6 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 112 days on average.
€ 1.2 million
▲ 85% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 24,510,388 | € 14,665,177 | € 20,040,739 | € 22,296,502 | ▲ 11% |
| Profit after taxes | € -587,362 | € -4,045,686 | € 430,354 | € 15,477 | ▼ 96% |
| Equity | € 5,200,673 | € 1,121,222 | € 1,539,232 | € 1,525,180 | ▼ 1% |
| Total debts | € 12,975,521 | € 14,440,931 | € 17,472,515 | € 15,881,024 | ▼ 9% |
| Cash | € 70,715 | € 60,692 | € 53,622 | € 13,411 | ▼ 75% |
| Retained profit | € 3,625,035 | € -420,651 | € 9,703 | € 25,180 | ▲ 160% |
| Bank debt | € 4,319,651 | € 3,319,358 | € 2,224,301 | € 2,597,649 | ▲ 17% |
| Balance sheet total | € 18,176,194 | € 15,562,153 | € 19,011,747 | € 17,406,205 | ▼ 8% |
| Employees (FTE) | 81.5 | 76.4 | 71.9 | 72.7 | ▲ 0.8 |
Key figures of SMET - TUNNELLING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SMET - TUNNELLING?
What happened at SMET - TUNNELLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dirk SMET stepped down as director. NBB
- Willem SMET stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 15,477 (▼ 96% vs 2024). Source: NBB ↗
- Dirk SMET became a director. NBB
- Willem SMET became a director. NBB
- New establishment in Dessel. KBO
- Start of the company according to the CBE. KBO
In short
From € 587,362 loss in 2022 to € 15,477 profit in 2025.
Paid € 314,604 in corporate taxes since 2022.
Best year ever: 2024, with € 430,354 profit.
Pays suppliers within 112 days on average.
Management
The stake of SMET - BORING, SHM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SMET - TUNNELLINGThe shares are held by SMET - BORING (99.8%) and SHM (0.2%).
Directors
According to the 2025 annual accounts
Dirk SMET
Director
Also active at: SMET - BORING, SMET-F & C, SMET GROUP OVERSEAS, MGD, SHM, SMET PILE, SMET GWT EUROPE
since 2022 · until 2028
Willem SMET
Managing director
Also active at: Lidwina vzw, SMET - BORING, SMET-F & C, SMET GROUP OVERSEAS, De Kraey, SHM, SMET PILE, SMET GWT EUROPE +1 more
since 2022 · until 2028
Shareholders
99.8%
0.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kastelsedijk 64
2480 Dessel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →SMET - BORING same network
€ 21.7 million revenue · 2025
SMET-F & C same network
€ 84.1 million revenue · 2025
SMET GROUP OVERSEAS same network
€ -64,894 gross margin · 2025
SHM same network
€ 420,000 revenue · 2025
THV Smet F&C - Aertssen
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.664.312
- VAT number
- BE 0403.664.312
- Registered office
- Kastelsedijk 64, 2480 Dessel
- Names & denominations
- SMET - TUNNELLING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 1968
- Peppol
- Active · Active since 27 Nov 2024
- Activities · NACE
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