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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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO GEORGES SMET from Ninove, company number BE0443815976, closed financial year 2025 with a result of € 92,002 after tax. For that financial year IMMO GEORGES SMET recorded a gross margin of € 264,245 and equity of € 490,085. Compared with financial year 2024, the result moved from € 67,009 to € 92,002. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 490,085
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 92,002
▲ 37% vs 2024
Profit after tax over the fiscal year.
€ 57,019
▲ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 65,625 paid out
71 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 113
▼ € 24,012 vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 531,414
▼ 15% vs 2024
€ 94,707 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 54,828
▲ 34% 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 | € 205,328 | € 217,667 | € 249,685 | € 264,245 | ▲ 6% |
| Profit after taxes | € 34,502 | € 39,096 | € 67,009 | € 92,002 | ▲ 37% |
| Equity | € 434,581 | € 473,677 | € 463,708 | € 490,085 | ▲ 6% |
| Total debts | € 841,461 | € 755,242 | € 712,958 | € 628,162 | ▼ 12% |
| Cash | € 24,696 | € 44,632 | € 46,558 | € 57,019 | ▲ 22% |
| Land & buildings | € 1,246,085 | € 1,180,981 | € 1,114,711 | € 1,050,844 | ▼ 6% |
| Retained profit | € 161,767 | € 200,863 | € 267,872 | € 294,249 | ▲ 10% |
| Dividend | € 0 | € 0 | € 0 | € 65,625 | |
| Bank debt | € 810,628 | € 718,349 | € 625,286 | € 531,414 | ▼ 15% |
| Balance sheet total | € 1,276,042 | € 1,228,919 | € 1,176,666 | € 1,118,246 | ▼ 5% |
Key figures of IMMO GEORGES SMET, 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 IMMO GEORGES SMET?
What happened at IMMO GEORGES SMET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 92,002 (▲ 37% vs 2024). Source: NBB ↗
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,502 profit in 2022 to € 92,002 profit in 2025.
Paid € 118,943 in corporate taxes since 2022.
Best year ever: 2025, with € 92,002 profit.
Paid out € 65,625 in dividends to the owners in total.
Management
Behind IMMO GEORGES SMET are Marc Smet and Ben Smet. The same people are also behind IMMO MARC SMET. Marc Smet is also behind Smet Immo Service Beheer and CHAPTER SEVEN. Ben Smet is also behind Smet Immo Service Vastgoed.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Sint-Pietersstraat 3
9402 Ninove
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0443.815.976
- VAT number
- BE 0443.815.976
- Registered office
- Sint-Pietersstraat 3, 9402 Ninove
- Names & denominations
- IMMO GEORGES SMET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 1991
- Peppol
- Active · Active since 2 Jan 2025
- Activities · NACE
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