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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-F & C from Dessel, company number BE0432405412, closed financial year 2025 with a result of € 3.4 million after tax. For that financial year SMET-F & C recorded revenue of € 84.1 million and equity of € 14.2 million. Compared with financial year 2024, the result moved from € 2.9 million to € 3.4 million. 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.
€ 14.2 million
▲ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.4 million
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 1,414
▲ 89% 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 € 12.4 million.
People and assets in 2025
198.9
▲ 12.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 15.5 million
▲ 11% vs 2024
€ 77,800 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.
€ 11.4 million
▲ 28% vs 2024
Of which on lease € 11.3 million.
Debts at end 2025
€ 11.2 million
▲ 25% vs 2024
€ 2.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 19.2 million
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 114 days on average.
€ 2.4 million
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 76,535,093 | € 61,030,724 | € 92,396,954 | € 84,054,794 | ▼ 9% |
| Profit after taxes | € 1,724,563 | € 374,763 | € 2,928,586 | € 3,399,516 | ▲ 16% |
| Equity | € 7,812,467 | € 7,981,118 | € 10,877,552 | € 14,243,969 | ▲ 31% |
| Total debts | € 29,427,884 | € 30,199,156 | € 40,324,776 | € 39,826,370 | ▼ 1% |
| Cash | € 416 | € 356 | € 747 | € 1,414 | ▲ 89% |
| Land & buildings | - | € 15,407 | € 13,755 | € 12,103 | ▼ 12% |
| Retained profit | € 5,676,944 | € 6,051,707 | € 8,980,294 | € 12,379,810 | ▲ 38% |
| Bank debt | € 9,200,542 | € 9,287,572 | € 8,919,614 | € 11,178,817 | ▲ 25% |
| Balance sheet total | € 37,240,351 | € 38,180,275 | € 51,202,328 | € 54,070,339 | ▲ 6% |
| Employees (FTE) | 198.3 | 190.6 | 186.5 | 198.9 | ▲ 12.4 |
Key figures of SMET-F & C, 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-F & C?
What happened at SMET-F & C in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dirk Smet stepped down as director. NBB
- Circino stepped down as director. NBB
- Willem Smet stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.4 million (▲ 16% vs 2024). Source: NBB ↗
- Circino became a director. NBB
- Dirk Smet became a director. NBB
- Willem Smet became a director. NBB
- New establishment in Fleurus. KBO
In short
From € 1.7 million profit in 2022 to € 3.4 million profit in 2025.
Paid € 2 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.4 million profit.
Pays suppliers within 114 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-F & CThe shares are held by SMET - BORING (100%) and SHM (0%). It owns 100% of Smet Pile nv, 99% of Smet Techniques Speciales S.A.R.L. and 49.5% of D&S Contractors itself.
Directors
According to the 2025 annual accounts
Dirk Smet
Managing director
Also active at: SMET - TUNNELLING, SMET - BORING, SMET GROUP OVERSEAS, MGD, SHM, SMET PILE, SMET GWT EUROPE
since 2022 · until 2028
Director · represented by Smet Jef
since 2023 · until 2028
Willem Smet
Director
Also active at: SMET - TUNNELLING, Lidwina vzw, SMET - BORING, SMET GROUP OVERSEAS, De Kraey, SHM, SMET PILE, SMET GWT EUROPE +1 more
since 2022 · until 2028
Shareholders
100%
0%
Participations
Establishments
Establishment units
Physical locations of this company
Kastelsedijk 64
2480 Dessel
Isidoor Van Beverenstraat 59
1702 Dilbeek
Active since 1 January 1993
Avenue de Spirou(FL) 22
6220 Fleurus
Active since 1 January 2005
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 - BORING same network
€ 21.7 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
- 0432.405.412
- VAT number
- BE 0432.405.412
- Registered office
- Kastelsedijk 64, 2480 Dessel
- Names & denominations
- SMET-F & C
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 November 1987
- Peppol
- Active · Active since 5 Aug 2025
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Overige gespecialiseerde bouwwerkzaamheden
Bouwen van individuele huizen
Bouwrijp maken van terreinen
Waterbouw, muv baggerwerken
Algemene bouw van kantoorgebouwen
Algemene bouw van residentiële gebouwen
+1