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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Figures corrected NBB
Corrected annual account filed for 2023, 2024.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Glaswerken De Smet Erwin from Malle, company number BE0466217335, closed financial year 2025 with a result of € 115,543 after tax. For that financial year Glaswerken De Smet Erwin recorded a gross margin of € 594,497 and equity of € 654,022. Compared with financial year 2024, the result moved from € 114,127 to € 115,543. 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 August 31, 2026.
€ 654,022
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 115,543
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 58,108
▼ 25% 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 € 647,817.
People and assets in 2025
€ 345,228
▲ 49% 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.
€ 100,696
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 700,928
▼ 5% vs 2024
€ 68,273 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 3,462
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,500
▲ 160% 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 | € 165,413 | € 386,773 | € 457,892 | € 594,497 | ▲ 30% |
| Profit after taxes | € 25,388 | € 151,002 | € 114,127 | € 115,543 | ▲ 1% |
| Equity | € 278,658 | € 424,352 | € 538,479 | € 654,022 | ▲ 21% |
| Total debts | € 233,960 | € 195,974 | € 822,772 | € 738,969 | ▼ 10% |
| Cash | € 62,120 | € 77,000 | € 77,000 | € 58,108 | ▼ 25% |
| Land & buildings | - | - | € 634,814 | € 606,872 | ▼ 4% |
| Retained profit | € 272,453 | € 418,147 | € 532,273 | € 647,817 | ▲ 22% |
| Bank debt | € 146,878 | € 116,939 | € 738,198 | € 700,928 | ▼ 5% |
| Balance sheet total | € 512,618 | € 620,326 | € 1,361,251 | € 1,392,991 | ▲ 2% |
Key figures of Glaswerken De Smet Erwin, 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 Glaswerken De Smet Erwin?
What happened at Glaswerken De Smet Erwin in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 115,543 (▲ 1% vs 2024). filed late Source: NBB ↗
- New establishment in Malle. KBO
- Start of the company according to the CBE. KBO
- Erwin De Smet became a director. NBB
In short
From € 25,388 profit in 2022 to € 115,543 profit in 2025.
Paid € 95,500 in corporate taxes since 2022.
Best year ever: 2023, with € 151,002 profit.
Management
Behind Glaswerken De Smet Erwin is Erwin De Smet.
Directors
According to the 2025 annual accounts
Erwin De Smet
Manager
since 1999
Establishments
Establishment units
Physical locations of this company
Steenovenstraat 2 box K1
2390 Malle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
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€ 231,255 gross margin · 2025
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€ 1.4 million gross margin · 2025
ARVUM
€ -832 gross margin · 2025
Art Salvage Belgium
€ 114,226 gross margin · 2025
+7 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
- 0466.217.335
- VAT number
- BE 0466.217.335
- Registered office
- Steenovenstraat 2 bus K1, 2390 Malle
- Names & denominations
- Glaswerken De Smet Erwin
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 1999
- Peppol
- Active · Active since 22 Oct 2025
- Activities · NACE
Glaszetten
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2