What does SMULDERS GROUP do?

SMULDERS GROUP is a structural metal fabricator in Arendonk. Public Limited, started on 29 April 2013, 1 establishment.

What is the address of SMULDERS GROUP?

The registered office of SMULDERS GROUP is located at Hoge Mauw 200, 2370 Arendonk.

Is SMULDERS GROUP still active?

Yes. According to the CBE (29 October 2026) SMULDERS GROUP is active, legal situation “Normale toestand”, started on 29 April 2013.

Is SMULDERS GROUP registered on Peppol?

Yes, SMULDERS GROUP is registered on the Peppol network with ID 0208:0533835144.

What is the enterprise number of SMULDERS GROUP?

The enterprise number of SMULDERS GROUP is BE0533835144.

When was SMULDERS GROUP founded?

SMULDERS GROUP was founded on 29 April 2013.

Who are the directors of SMULDERS GROUP?

According to the 2025 annual accounts, the directors of SMULDERS GROUP are: David MUYLAERT, Guillaume SAUVE, Raf IEMANTS, Gunter SANNEN, Antoine VANHEUVERSWYN.

Is SMULDERS GROUP a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 April 2013; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did SMULDERS GROUP make in 2025?

SMULDERS GROUP posted a profit after taxes of € 16,909,261 in financial year 2025.

What is the revenue of SMULDERS GROUP?

In its most recent annual accounts (2025), SMULDERS GROUP reported revenue of € 644,630.

SMULDERS GROUP (Public Limited) - Arendonk - BE0533835144

Dossier SMULDERS GROUP, printed on 29 October 2026 from databakkes.be/en/0533835144/smulders-group. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

SMULDERS GROUP from Arendonk, company number BE0533835144, closed financial year 2025 with a result of € 16.9 million after tax. For that financial year SMULDERS GROUP recorded revenue of € 644,630 and equity of € 33.2 million. Compared with financial year 2024, the result moved from € 41.9 million to € 16.9 million. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 6, 2026.

What it is worth Growing

€ 33.2 million

▲ 104% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 16.9 million

▼ 60% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 774,532

▼ 99% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 23.2 million.

People and assets in 2025

Vehicles and equipment

€ 478,799

▲ 58% vs 2024

Of which on lease € 36,248.

Debts at end 2025

Bank debt

€ 14,117

▼ 78% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 6.4 million

▲ € 5.5 million vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74 days on average.

Taxes

€ 576,556

▼ 3% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 278,400 Revenue 2022: € 278,400 First fiscal year in the series	€ 350,133 Revenue 2023: € 350,133 ▲ 26% vs 2022 (€ 278,400) Favourable step	€ 422,758 Revenue 2024: € 422,758 ▲ 21% vs 2023 (€ 350,133) Favourable step	€ 644,630 Revenue 2025: € 644,630 ▲ 52% vs 2024 (€ 422,758) Favourable step	▲ 52%
Profit after taxes	€ 267,098 Profit after taxes 2022: € 267,098 First fiscal year in the series	€ 185,245 Profit after taxes 2023: € 185,245 ▼ 31% vs 2022 (€ 267,098) Unfavourable step	€ 41,947,565 Profit after taxes 2024: € 41,947,565 ▲ € 41.8 million vs 2023 (€ 185,245) Favourable step	€ 16,909,261 Profit after taxes 2025: € 16,909,261 ▼ 60% vs 2024 (€ 41,947,565) Unfavourable step	▼ 60%
Equity	€ 14,186,364 Equity 2022: € 14,186,364 First fiscal year in the series	€ 14,371,608 Equity 2023: € 14,371,608 ▲ 1% vs 2022 (€ 14,186,364) Favourable step	€ 16,319,173 Equity 2024: € 16,319,173 ▲ 14% vs 2023 (€ 14,371,608) Favourable step	€ 33,228,434 Equity 2025: € 33,228,434 ▲ 104% vs 2024 (€ 16,319,173) Favourable step	▲ 104%
Total debts	€ 162,016,473 Total debts 2022: € 162,016,473 First fiscal year in the series	€ 270,688,266 Total debts 2023: € 270,688,266 ▲ 67% vs 2022 (€ 162,016,473) Unfavourable step	€ 366,219,563 Total debts 2024: € 366,219,563 ▲ 35% vs 2023 (€ 270,688,266) Unfavourable step	€ 661,307,092 Total debts 2025: € 661,307,092 ▲ 81% vs 2024 (€ 366,219,563) Unfavourable step	▲ 81%
Cash	€ 36,798,664 Cash 2022: € 36,798,664 First fiscal year in the series	€ 81,962,333 Cash 2023: € 81,962,333 ▲ 123% vs 2022 (€ 36,798,664) Favourable step	€ 119,280,345 Cash 2024: € 119,280,345 ▲ 46% vs 2023 (€ 81,962,333) Favourable step	€ 774,532 Cash 2025: € 774,532 ▼ 99% vs 2024 (€ 119,280,345) Unfavourable step	▼ 99%
Retained profit	€ 4,186,364 Retained profit 2022: € 4,186,364 First fiscal year in the series	€ 4,371,608 Retained profit 2023: € 4,371,608 ▲ 4% vs 2022 (€ 4,186,364) Favourable step	€ 6,319,173 Retained profit 2024: € 6,319,173 ▲ 45% vs 2023 (€ 4,371,608) Favourable step	€ 23,228,434 Retained profit 2025: € 23,228,434 ▲ 268% vs 2024 (€ 6,319,173) Favourable step	▲ 268%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 40,000,000 Dividend 2024: € 40,000,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 40,000,000) Unchanged	▼ 100%
Bank debt	€ 43,009 Bank debt 2022: € 43,009 First fiscal year in the series	€ 120,806 Bank debt 2023: € 120,806 ▲ 181% vs 2022 (€ 43,009) Unfavourable step	€ 65,125 Bank debt 2024: € 65,125 ▼ 46% vs 2023 (€ 120,806) Favourable step	€ 14,117 Bank debt 2025: € 14,117 ▼ 78% vs 2024 (€ 65,125) Favourable step	▼ 78%
Balance sheet total	€ 176,202,837 Balance sheet total 2022: € 176,202,837 First fiscal year in the series	€ 285,059,875 Balance sheet total 2023: € 285,059,875 ▲ 62% vs 2022 (€ 176,202,837) Unchanged	€ 382,538,737 Balance sheet total 2024: € 382,538,737 ▲ 34% vs 2023 (€ 285,059,875) Unchanged	€ 694,535,526 Balance sheet total 2025: € 694,535,526 ▲ 82% vs 2024 (€ 382,538,737) Unchanged	▲ 82%

Key figures of SMULDERS GROUP, 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 SMULDERS GROUP?

What happened at SMULDERS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Guillaume SAUVE stepped down as director. NBB
2028 Gunter SANNEN stepped down as director. NBB
2028 Antoine VANHEUVERSWYN stepped down as director. NBB
Aug 6, 2026 New annual accounts for financial year 2025: profit of € 16.9 million (▼ 60% vs 2024). filed late Source: NBB ↗
2026 Raf IEMANTS stepped down as director. NBB
2026 Gunter SANNEN became a director. NBB
2025 Guillaume SAUVE became a director. NBB
2025 Raf IEMANTS became a director. NBB

In short

From € 267,098 profit in 2022 to € 16.9 million profit in 2025.

Paid € 398,131 in corporate taxes since 2022.

Best year ever: 2024, with € 41.9 million profit.

Paid out € 40 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

David MUYLAERT

SMULDERS GROUP

NSOR 100%

HSM Holding 100%

SMULDERS PROJECTS NETHERLANDS 100%

Smulders Projects Overseas 100%

+10

Behind SMULDERS GROUP is David MUYLAERT. It owns 100% of NSOR, 100% of HSM Holding, 100% of SMULDERS PROJECTS NETHERLANDS, 100% of Smulders Projects Overseas, 100% of SMULDERS PROJECTS TAIWAN Ltd and 100% of SMULDERS PROJECTS POLAND Sp.z.o.o itself.

Directors

According to the 2025 annual accounts

David MUYLAERT

Persoon belast met dagelijks bestuur

Also active at: IEMANTS, Lonete B.V., DM Management, BOOMBEKE, SMULDERS PROJECTS BELGIUM, WILLEMS STAALCONSTRUCTIES, HOOLST

Guillaume SAUVE

Director

Also active at: IEMANTS, SMULDERS PROJECTS BELGIUM, WILLEMS STAALCONSTRUCTIES

since 2025 · until 2028

Raf IEMANTS

Director

Also active at: Lonete B.V., BOOMBEKE, SMULDERS PROJECTS BELGIUM

since 2025 · until 2026

Gunter SANNEN

Director

Also active at: L. SACCOL, SACCOL EN VAN LOOY VASTGOED, IEMANTS, Lonete B.V., DE MIJN, BOOMBEKE, Antwerp pontoon services, SMULDERS PROJECTS BELGIUM +2 more

since 2026 · until 2028

Antoine VANHEUVERSWYN

Director

Also active at: IEMANTS, WILLEMS STAALCONSTRUCTIES

since 2025 · until 2028

Establishments

Establishment units

Physical locations of this company

Registered office

Hoge Mauw 200

2370 Arendonk

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.

All companies at this address →

IEMANTS same network

€ 555.1 million revenue · 2025

Lonete B.V. same network

€ 611,243 gross margin · 2025

THV IEMANTS - JAN DE NUL

JV Iemants - Eiffage Métal - Project "Deutsche Bucht"

T.H.V. Thornton

+2 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: 0533.835.144
VAT number: BE 0533.835.144
Registered office: Hoge Mauw 200, 2370 Arendonk
Names & denominations: SMULDERS GROUP
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 29 April 2013
Peppol: Active · Active since 21 Oct 2026
Activities · NACE: Vervaardiging van metalen constructiewerken en delen daarvan

View on CBE Public ↗ Annual accounts (NBB) ↗

SMULDERS GROUP

Financials

What happened to SMULDERS GROUP?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions