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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SMETS from Tongeren-Borgloon, company number BE0419095428, closed financial year 2025 with a result of € 4,379 after tax. For that financial year SMETS recorded a gross margin of € 28,473 and equity of € -215,034. Compared with financial year 2024, the result moved from € 8,774 to € 4,379. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 30, 2026.
€ -215,034
▲ € 4,379 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,379
▼ 50% vs 2024
Profit after tax over the fiscal year.
€ 9,515
▲ € 8,958 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 € -252,219.
People and assets in 2025
€ 168,666
▼ 7% vs 2024
Of which on lease € 168,666.
Debts at end 2025
€ 398,504
▼ 2% vs 2024
€ 6,847 is repaid this year. At this pace the long-term loan is gone in ≈ 58 years.
€ 1,116
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,437
▲ 36% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 27,325 | € 31,519 | € 34,414 | € 28,473 | ▼ 17% |
| Profit after taxes | € 7,808 | € 7,612 | € 8,774 | € 4,379 | ▼ 50% |
| Equity | € -235,799 | € -228,188 | € -219,413 | € -215,034 | ▲ € 4,379 |
| Total debts | € 725,582 | € 727,157 | € 724,587 | € 721,408 | |
| Cash | € 2,791 | € 5,737 | € 557 | € 9,515 | ▲ € 8,958 |
| Land & buildings | € 296,921 | € 290,173 | € 283,425 | € 276,677 | ▼ 2% |
| Retained profit | € -272,984 | € -265,373 | € -256,598 | € -252,219 | ▲ € 4,379 |
| Bank debt | € 416,279 | € 410,795 | € 404,706 | € 398,504 | ▼ 2% |
| Balance sheet total | € 489,783 | € 498,970 | € 505,174 | € 506,374 |
Key figures of SMETS, 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 SMETS?
What happened at SMETS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,379 (▼ 50% vs 2024). Source: NBB ↗
- New establishment in Tongeren-Borgloon. KBO
- Willy Smets became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,808 profit in 2022 to € 4,379 profit in 2025.
Paid € 7,821 in corporate taxes since 2022.
Best year ever: 2024, with € 8,774 profit.
Management
Behind SMETS are Martine Dewil and Willy Smets. Willy Smets is also behind L.V. PRODUCTS.
Directors
According to the 2025 annual accounts
Martine Dewil
Manager
since 1979
Establishments
Establishment units
Physical locations of this company
Dionysius van Leeuwenstraat 4
3840 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.095.428
- VAT number
- BE 0419.095.428
- Registered office
- Dionysius van Leeuwenstraat 4, 3840 Tongeren-Borgloon
- Names & denominations
- SMETS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 1979
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte
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