What does SMET - BORING do?

SMET - BORING is a civil engineering contractor in Dessel. Public Limited, started on 22 December 1976, 1 establishment.

What is the address of SMET - BORING?

The registered office of SMET - BORING is located at Kastelsedijk 64, 2480 Dessel.

Is SMET - BORING still active?

Yes. According to the CBE (29 October 2026) SMET - BORING is active, legal situation “Normale toestand”, started on 22 December 1976.

Is SMET - BORING registered on Peppol?

Yes, SMET - BORING is registered on the Peppol network with ID 0208:0416687848.

What is the enterprise number of SMET - BORING?

The enterprise number of SMET - BORING is BE0416687848.

When was SMET - BORING founded?

SMET - BORING was founded on 22 December 1976.

Who are the directors of SMET - BORING?

According to the 2025 annual accounts, the directors of SMET - BORING are: Dirk Smet, De Mijn BV, Willem Smet, Guy Cortvrindt, Sfidatec BVBA.

Is SMET - BORING a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 December 1976; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did SMET - BORING make in 2025?

SMET - BORING posted a profit after taxes of € 192,038 in financial year 2025.

What is the revenue of SMET - BORING?

In its most recent annual accounts (2025), SMET - BORING reported revenue of € 21,668,853.

How much does an employee at SMET - BORING earn?

The average wage cost per full-time employee at SMET - BORING was € 84,400 in 2025: staff costs of € 8.5 million for 100.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SMET - BORING have?

According to the 2025 annual accounts, SMET - BORING has 100.6 full-time equivalents (FTE).

SMET - BORING (Public Limited) - Dessel - BE0416687848

Dossier SMET - BORING, printed on 29 October 2026 from databakkes.be/en/0416687848/smet-boring. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

17 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

SMET - BORING from Dessel, company number BE0416687848, closed financial year 2025 with a result of € 192,038 after tax. For that financial year SMET - BORING recorded revenue of € 21.7 million and equity of € 11.7 million. Compared with financial year 2024, the result moved from € 6,820 to € 192,038. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.

What it is worth Growing

€ 11.7 million

▲ 2% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 192,038

▲ € 185,218 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 416,177

▼ 19% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -2 million.

People and assets in 2025

Full-time equivalents

100.6

▼ 1.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 6.3 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 8.5 million

▲ 7% vs 2024

€ 84,400 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.

Vehicles and equipment

€ 630,600

▲ 7% vs 2024

Of which on lease € 367,917.

Debts at end 2025

Bank debt ≈ 14 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 12.6 million

▼ 7% vs 2024

€ 401,044 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.

Owed to suppliers

€ 2.7 million

▲ 41% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.

Taxes and wages

€ 1.1 million

▲ 20% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 16,314,306 Revenue 2022: € 16,314,306 First fiscal year in the series	€ 19,129,172 Revenue 2023: € 19,129,172 ▲ 17% vs 2022 (€ 16,314,306) Favourable step	€ 19,549,625 Revenue 2024: € 19,549,625 ▲ 2% vs 2023 (€ 19,129,172) Favourable step	€ 21,668,853 Revenue 2025: € 21,668,853 ▲ 11% vs 2024 (€ 19,549,625) Favourable step	▲ 11%
Profit after taxes	€ -844,907 Profit after taxes 2022: € -844,907 First fiscal year in the series	€ -1,396,513 Profit after taxes 2023: € -1,396,513 ▼ € 551,606 vs 2022 (€ -844,907) Unfavourable step	€ 6,820 Profit after taxes 2024: € 6,820 ▲ € 1.4 million vs 2023 (€ -1,396,513) Favourable step	€ 192,038 Profit after taxes 2025: € 192,038 ▲ € 185,218 vs 2024 (€ 6,820) Favourable step	▲ € 185,218
Equity	€ 10,387,926 Equity 2022: € 10,387,926 First fiscal year in the series	€ 11,530,498 Equity 2023: € 11,530,498 ▲ 11% vs 2022 (€ 10,387,926) Favourable step	€ 11,537,318 Equity 2024: € 11,537,318 Unchanged (€ 11,530,498) Favourable step	€ 11,729,356 Equity 2025: € 11,729,356 ▲ 2% vs 2024 (€ 11,537,318) Favourable step	▲ 2%
Total debts	€ 24,138,371 Total debts 2022: € 24,138,371 First fiscal year in the series	€ 30,339,677 Total debts 2023: € 30,339,677 ▲ 26% vs 2022 (€ 24,138,371) Unfavourable step	€ 36,158,683 Total debts 2024: € 36,158,683 ▲ 19% vs 2023 (€ 30,339,677) Unfavourable step	€ 34,545,157 Total debts 2025: € 34,545,157 ▼ 4% vs 2024 (€ 36,158,683) Favourable step	▼ 4%
Cash	€ 887,855 Cash 2022: € 887,855 First fiscal year in the series	€ 303,414 Cash 2023: € 303,414 ▼ 66% vs 2022 (€ 887,855) Unfavourable step	€ 512,168 Cash 2024: € 512,168 ▲ 69% vs 2023 (€ 303,414) Favourable step	€ 416,177 Cash 2025: € 416,177 ▼ 19% vs 2024 (€ 512,168) Unfavourable step	▼ 19%
Land & buildings	€ 10,909,107 Land & buildings 2022: € 10,909,107 First fiscal year in the series	€ 13,536,842 Land & buildings 2023: € 13,536,842 ▲ 24% vs 2022 (€ 10,909,107) Unchanged	€ 13,336,636 Land & buildings 2024: € 13,336,636 ▼ 1% vs 2023 (€ 13,536,842) Unchanged	€ 13,387,441 Land & buildings 2025: € 13,387,441 Unchanged (€ 13,336,636) Unchanged
Retained profit	€ -829,742 Retained profit 2022: € -829,742 First fiscal year in the series	€ -2,226,255 Retained profit 2023: € -2,226,255 ▼ € 1.4 million vs 2022 (€ -829,742) Unfavourable step	€ -2,219,435 Retained profit 2024: € -2,219,435 Unchanged (€ -2,226,255) Favourable step	€ -2,027,397 Retained profit 2025: € -2,027,397 ▲ € 192,038 vs 2024 (€ -2,219,435) Favourable step	▲ € 192,038
Bank debt	€ 13,656,565 Bank debt 2022: € 13,656,565 First fiscal year in the series	€ 14,219,856 Bank debt 2023: € 14,219,856 ▲ 4% vs 2022 (€ 13,656,565) Unfavourable step	€ 13,604,954 Bank debt 2024: € 13,604,954 ▼ 4% vs 2023 (€ 14,219,856) Favourable step	€ 12,644,314 Bank debt 2025: € 12,644,314 ▼ 7% vs 2024 (€ 13,604,954) Favourable step	▼ 7%
Balance sheet total	€ 34,526,296 Balance sheet total 2022: € 34,526,296 First fiscal year in the series	€ 41,870,175 Balance sheet total 2023: € 41,870,175 ▲ 21% vs 2022 (€ 34,526,296) Unchanged	€ 47,696,001 Balance sheet total 2024: € 47,696,001 ▲ 14% vs 2023 (€ 41,870,175) Unchanged	€ 46,274,513 Balance sheet total 2025: € 46,274,513 ▼ 3% vs 2024 (€ 47,696,001) Unchanged	▼ 3%
Employees (FTE)	97.5 Employees (FTE) 2022: 97.5 First fiscal year in the series	99 Employees (FTE) 2023: 99 ▲ 1.5 vs 2022 (97.5) Unchanged	101.7 Employees (FTE) 2024: 101.7 ▲ 2.7 vs 2023 (99) Unchanged	100.6 Employees (FTE) 2025: 100.6 ▼ 1.1 vs 2024 (101.7) Unchanged	▼ 1.1

Key figures of SMET - BORING, 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 - BORING?

What happened at SMET - BORING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Dirk Smet stepped down as director. NBB
2031 De Mijn BV stepped down as director. NBB
2031 Willem Smet stepped down as director. NBB
2027 Guy Cortvrindt stepped down as director. NBB
2027 Sfidatec BVBA stepped down as director. NBB
Jul 22, 2026 New annual accounts for financial year 2025: profit of € 192,038 (▲ € 185,218 vs 2024). Source: NBB ↗
2025 Dirk Smet became a director. NBB
2025 De Mijn BV became a director. NBB

In short

From € 844,907 loss in 2022 to € 192,038 profit in 2025.

Paid € 64,770 in corporate taxes since 2022.

Best year ever: 2025, with € 192,038 profit.

Pays suppliers within 86 days on average.

Original PDFs at the National Bank ↗

Management

SHM 100%

The stake of SHM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

SMET - BORING

Smet Group Nederland BV 100%

Smet F&C 100%

Smet Group Overseas 100%

Smet GWT Europe 100%

The shares are held by SHM (100%). It owns 100% of Smet Group Nederland BV, 100% of Smet F&C, 100% of Smet Group Overseas, 100% of Smet GWT Europe, 99.8% of Smet Tunnelling and 1% of Smet Techniques Spéciales sarl itself.

Directors

According to the 2025 annual accounts

Dirk Smet

Managing director

Also active at: SMET - TUNNELLING, SMET-F & C, SMET GROUP OVERSEAS, MGD, SHM, SMET PILE, SMET GWT EUROPE

since 2025 · until 2031

De Mijn BV

Director · represented by Gunther Sannen

since 2025 · until 2031

Willem Smet

Managing director

Also active at: SMET - TUNNELLING, Lidwina vzw, SMET-F & C, SMET GROUP OVERSEAS, De Kraey, SHM, SMET PILE, SMET GWT EUROPE +1 more

since 2025 · until 2031

Guy Cortvrindt

Director

Also active at: FUNDAMENTUM, SMET PILE

since 2024 · until 2027

Sfidatec BVBA

Director · represented by Marc Bernaerts

Also active at: vanhout.pro, STERHOEK, H2O Invest, Il Cielo

since 2024 · until 2027

Shareholders

SHM

100%

Participations

Smet Group Nederland BV

100%

100%

100%

100%

99.8%

Smet Techniques Spéciales sarl

Smet Pile nv

Establishments

Establishment units

Physical locations of this company

Registered office

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 - TUNNELLING same network

€ 22.3 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

0416.687.848

VAT number

BE 0416.687.848

Registered office

Kastelsedijk 64, 2480 Dessel

Names & denominations

SMET - BORING · SMET BG

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

22 December 1976

Peppol

Active · Active since 27 Nov 2024

Activities · NACE

Bouw van bruggen en tunnels

Bouw van autowegen en andere wegen

Bouw van autowegen en andere wegen, vliegvelden en sportfaciliteiten

Administratieve en ondersteunende activiteiten ten behoeve van kantoren

Reparatie en onderhoud van machines

Proefboren en boren

Diverse administratieve activiteiten ten behoeve van kantoren

View on CBE Public ↗ Annual accounts (NBB) ↗

SMET - BORING

Warning lights

Financials

What happened to SMET - BORING?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions