Financials
Financial year 2025
SMT BELGIUM from Vilvoorde, company number BE0434815960, closed financial year 2025 with a result of € 3.9 million after tax. For that financial year SMT BELGIUM recorded revenue of € 104.1 million and equity of € 14.6 million. Compared with financial year 2024, the result moved from € 3.4 million to € 3.9 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 9, 2026.
€ 14.6 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.9 million
▲ 17% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.2 million paid out
80 % of the profit went to the shareholders, mostly to SMT HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2025
134.9
▲ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12 million
▲ 6% vs 2024
€ 89,200 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.
€ 194,521
▼ 39% vs 2024
Of which on lease € 132,638.
Debts at end 2025
€ 5.3 million
▲ 4% vs 2024
€ 3.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 6.2 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 2.2 million
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 107,605,647 | € 136,397,592 | € 106,928,118 | € 104,131,948 | ▼ 3% |
| Profit after taxes | € 4,162,909 | € 6,770,055 | € 3,377,280 | € 3,944,082 | ▲ 17% |
| Equity | € 11,364,410 | € 13,134,573 | € 13,811,853 | € 14,600,935 | ▲ 6% |
| Total debts | € 31,542,750 | € 41,380,839 | € 29,856,850 | € 29,577,978 | ▼ 1% |
| Cash | € 2,200,624 | € 1,666,647 | € 2,293,473 | € 1,687,241 | ▼ 26% |
| Land & buildings | € 1,541,763 | € 1,443,503 | € 1,335,115 | € 1,175,772 | ▼ 12% |
| Retained profit | € 9,489,410 | € 11,259,573 | € 11,936,853 | € 12,725,935 | ▲ 7% |
| Dividend | € 3,000,000 | € 5,000,000 | € 2,700,000 | € 3,155,000 | ▲ 17% |
| Bank debt | € 16,599,168 | € 10,508,766 | € 5,136,088 | € 5,348,644 | ▲ 4% |
| Balance sheet total | € 44,487,053 | € 56,837,412 | € 45,653,096 | € 46,074,255 | ▲ 1% |
| Employees (FTE) | 126.5 | 126.9 | 132.1 | 134.9 | ▲ 2.8 |
Key figures of SMT BELGIUM, 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 SMT BELGIUM?
What happened at SMT BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean Francois Gatineau stepped down as director. NBB
- ODJA vertegenwoordigd door Olivier de Jonghe stepped down as director. NBB
- HM company vertegenwoordigd door Heidi Moens stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.9 million (▲ 17% vs 2024). Source: NBB ↗
- EERO vertegenwoordigd door Jérôme Barioz stepped down as director. NBB
- Jean Francois Gatineau became a director. NBB
- HM company vertegenwoordigd door Heidi Moens became a director. NBB
- EERO vertegenwoordigd door Jérôme Barioz became a director. NBB
In short
From € 4.2 million profit in 2022 to € 3.9 million profit in 2025.
Paid € 6.8 million in corporate taxes since 2022.
Best year ever: 2023, with € 6.8 million profit.
Paid out € 13.9 million in dividends to the owners in total.
A new publication or filing at SMT BELGIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SMT HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SMT BELGIUMThe shares are held by SMT HOLDING (100%).
Directors
According to the 2025 annual accounts
Jean Francois Gatineau
Managing director
since 2024 · until 2029
since 2021 · until 2026
since 2019 · until 2028
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Woluwelaan 9
1800 Vilvoorde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.815.960
- VAT number
- BE 0434.815.960
- Registered office
- Woluwelaan 9, 1800 Vilvoorde
- Names & denominations
- SMT BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1988
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw
Groothandel in machines voor mijnbouw, de bouwnijverheid en de weg- en waterbouw
Detailhandel in andere motorvoertuigen (> 3,5 ton)