Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SMET KONSTRUKT from Zulte, company number BE0441080477, closed financial year 2025 with a result of € -886,424 after tax. For that financial year SMET KONSTRUKT recorded a gross margin of € 1.7 million and equity of € 472,663. Compared with financial year 2024, the result moved from € -462,731 to € -886,424. The company made a loss. The buffer shrank hard: equity is 65 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 472,663
▼ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -886,424
▼ 92 % more loss than in 2024
Profit after tax over the fiscal year.
€ 26,884
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
32.2
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▼ 5% vs 2024
€ 63,200 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.
€ 13,868
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 15% vs 2024
€ 92,503 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 873,133
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.2 million
▲ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,689,259 | € 3,416,596 | € 2,090,319 | € 1,656,917 | ▼ 21% |
| Profit after taxes | € 102,496 | € 573,257 | € -462,731 | € -886,424 | ▼ € 423,693 |
| Equity | € 1,248,566 | € 1,821,818 | € 1,359,086 | € 472,663 | ▼ 65% |
| Total debts | € 3,831,759 | € 3,119,789 | € 3,079,565 | € 3,673,583 | ▲ 19% |
| Cash | € 211,153 | € 224,411 | € 121,477 | € 26,884 | ▼ 78% |
| Land & buildings | € 473,818 | € 1,929,825 | € 1,822,198 | € 1,828,752 | |
| Retained profit | € -700,822 | € -102,565 | € -540,296 | € -1,401,720 | ▼ € 861,424 |
| Bank debt | € 2,502,795 | € 1,751,619 | € 1,488,044 | € 1,261,904 | ▼ 15% |
| Balance sheet total | € 5,090,948 | € 4,950,711 | € 4,446,239 | € 4,152,316 | ▼ 7% |
| Employees (FTE) | 35.8 | 35.2 | 33.7 | 32.2 | ▼ 1.5 |
Key figures of SMET KONSTRUKT, 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 KONSTRUKT?
What happened at SMET KONSTRUKT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 886,424. Source: NBB ↗
- Jonas Desmet became a director. NBB
- Jasper Desmet became a director. NBB
- Martine Ketels became a director. NBB
- WALMAR INVEST BV became a director. NBB
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 102,496 profit in 2022 to € 886,424 loss in 2025.
Paid € 9,392 in corporate taxes since 2022.
Best year ever: 2023, with € 573,257 profit.
On average € 51,500 of value added per employee in 2025.
Management
The stake of WALMAR INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SMET KONSTRUKTBehind SMET KONSTRUKT are Martine Ketels, WALMAR INVEST BV, Jasper Desmet and Jonas Desmet. The shares are held by WALMAR INVEST (100%).
Directors
According to the 2025 annual accounts
since 2004
Managing director · represented by Walter Desmet
since 2000
since 2008
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Staatsbaan 289
9870 Zulte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.080.477
- VAT number
- BE 0441.080.477
- Registered office
- Staatsbaan 289, 9870 Zulte
- Names & denominations
- SMET KONSTRUKT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 1990
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof
Vervaardiging van schrijn- en timmerwerk
Vervaardiging van ander schrijn- en timmerwerk